"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 添加文末微信，加 光刻胶 群 近日，由 八亿时空投建的国内首条百吨级半导体KrF光刻胶树脂高自动化柔性/量产双产线 在浙江 上虞电子材料基地 建成 ，项目达产后预计营收规模超亿元。 据了解表示， 八亿时空 将依据市场情况逐步扩产能，投入建设更大规模的高端光刻胶树脂产线， 计划未来五年具备年产200-300吨光刻胶树脂的生产能力。 高柔性研发中试线专为配合国内光刻胶厂商及科研机构"小量多品种"的研发迭代和中试验证 需求而设计。该产线配置了精密反应与后处理系统，具备极高的生产柔性，能够快速切换不 同配方和工艺，进行小批量、多批次的高品质树脂生产。该产线是加速国产光刻胶新品开 发、缩短从实验室到产业化进程的"孵化器"和"加速器"。 高产能量产线主要针对已通过验证、进入稳定量产阶段的光刻胶产品对树脂的规模化需求。 该产线专注于效率与稳定性，配置了大型高效反应及精制系统，将实现生产流程的高度集成 与自动化控制，确保产品批次间的高度一致性。该产线为国 ...

Core Viewpoint - The company is implementing a differentiated and high-end development strategy focused on electroplating and photolithography, with significant progress in product testing and upcoming mass production, which is expected to drive continuous growth in performance [1][3]. Electroplating - The company has established a competitive product matrix for electroplating solutions, achieving full category coverage in traditional and advanced packaging fields, and has made breakthroughs in high-end markets [1]. - In the advanced packaging sector, multiple products for electroplating solutions and additives have entered mass production, widely used in Bumping and RDL processes [1]. - The high-purity copper electroplating solution has achieved stable supply to Huada Technology and Tongfu Microelectronics, while the tin-silver electroplating additive has passed stringent certification from Changdian Technology and received small batch orders [1]. - The copper electroplating additive for advanced packaging is currently undergoing batch stability verification, and the 28nm Damascus copper interconnect process copper plating additive is in the final stages of product certification [1]. - The ultra-high purity cobalt-based solution and additives for 5-14nm advanced processes are progressing well in client testing, and the cleaning solution for copper processes in wafer manufacturing has entered the mass production scaling phase [1]. Photolithography - The advanced packaging negative photoresist has covered multiple mainstream packaging factories, with market penetration continuously increasing, and the company plans to enrich product models for full category coverage [2]. - The self-developed positive PSPI photoresist has successfully obtained the first domestic order from a mainstream wafer factory, breaking the long-standing technology monopoly of the US and Japan, and is expected to gradually achieve mass shipments by 2025 [2]. - The company is also developing negative PSPI and high-sensitivity chemical amplification PSPI, with plans to continue advancing product certification in advanced packaging and wafer manufacturers by 2025 [2]. - The wafer ICA chemical amplification photoresist is undergoing successful client validation testing, with some indicators outperforming international benchmark products [2]. - The OLED high-sensitivity photoresist is in client testing for OLED backplane array photolithography processes, and the company has reached a consensus with BOE on future cooperation and strategic planning [2]. - The high-thickness KrF photoresist is currently in the laboratory research phase, aiming to fill domestic gaps [2]. Market Expansion - The company has acquired INOFINE to expand into the Southeast Asian market, further solidifying its leading position in wet electronic chemicals [3]. - INOFINE, established in 2009, is one of the early entrants in the semiconductor wet electronic chemicals business in Malaysia and holds a certain influence in the local market [3]. - From 2025, INOFINE will be included in the company's consolidated financial statements [3]. Financial Projections - The company expects revenues of 600 million, 727 million, and 913 million yuan for the years 2025, 2026, and 2027, respectively, with net profits attributable to the parent company projected at 50 million, 71 million, and 103 million yuan for the same years [3].

证券研究报告 | 公司动态点评 2025 年 05 月 19 日 资料来源：公司财报，长城证券产业金融研究院 事件：公司发布 2024 年年报及 2025 年一季报，2024 年公司实现营收 4.32 亿元，同比增长 20.04%；实现归母净利润 0.33 亿元，同比增长 2.51%；实 现扣非净利润 0.24 亿元，同比下降 10.21%。2025 年 Q1 公司实现营收 1.26 亿元，同比增长 54.13%，环比增长 5.23%；实现归母净利润 0.08 亿元，同 比增长 0.71%，环比下降 21.60%；实现扣非净利润 0.07 亿元，同比增长 84.39%，环比下降 10.58%。 营收快速增长，研发投入加大：2024 年公司综合营收实现 20.04%的增长， 主要得益于先进封装领域的良好表现，其中电镀液及配套试剂同比增长 9.67%，光刻胶及配套试剂同比增长 37.68%。然而，净利润增长幅度小于营 收增长幅度，主要原因是公司持续加大研发投入，研发费用同比增长 40.42%， 占营业收入的比例达到 10.62%。整体来看，公司在保持营收增长的同时， 通过加大研发投入为未来的技术突破和市场拓展奠定 ...

今日小段子汇总20250507 1、脑机接口：央视新闻《面对面》栏目深度探访强脑科技（BrainCo），其为非侵入式脑机接口技术。 嘉事堂、狄耐克、麒盛科技 2、锦好医疗：网传公司AI助听器通过非侵入式脑机接口技术，能够实时采集用户的注意力、听觉疲劳度等脑电数 据，并结合深度神经网络算法优化语音信号处理。 （未证实） 3、军工(印巴)：当地时间5月7日5时10 今日小段子汇总20250507 1、脑机接口：央视新闻《面对面》栏目深度探访强脑科技（BrainCo），其为非侵入式脑机接口技术。 嘉事堂、狄耐克、麒盛科技 2、锦好医疗：网传公司AI助听器通过非侵入式脑机接口技术，能够实时采集用户的注意力、听觉疲劳度等脑电数 据，并结合深度神经网络算法优化语音信号处理。 （未证实） 3、军工(印巴)：当地时间5月7日5时10分左右，巴基斯坦三军新闻局发言人确认，迄今巴方击落5架印度战机，分 别为3架阵风、1架米格、1架苏-30。 中航成飞、通易航天、爱乐达 4、晨曦航空：公司长期以来专注于航空机电产品的研发、生产和销售，主要为国有大型军工企业及其他厂商配 套，最终用户主要为军方。 5、华伍股份：公司军工领域旗下有安德 ...