Core Viewpoint - The company announced the completion of its share repurchase plan, having repurchased a total of 1,152,959 shares, which represents 1.31% of its total share capital of 88,133,334 shares [2] Summary by Sections - **Share Repurchase Details** - The company has completed its share repurchase plan as of the announcement date [2] - A total of 1,152,959 shares were repurchased [2] - This repurchase accounts for 1.31% of the company's total share capital [2]

Core Viewpoint - The company, Aisen Co., Ltd. (688720.SH), has completed its share repurchase plan, having repurchased a total of 1.153 million shares, which represents 1.31% of its total share capital of 88,133,334 shares [1] Summary by Relevant Sections - **Share Repurchase Details** - The repurchase was conducted at a maximum price of 45.50 CNY per share and a minimum price of 36.74 CNY per share, with an average repurchase price of 43.54 CNY per share [1] - The total funds used for the repurchase amounted to 50.2051 million CNY, excluding transaction fees such as stamp duty and commission [1] - All repurchased shares are currently held in a dedicated securities account for share repurchase [1]

证券代码：688720 证券简称：艾森股份 公告编号：2025-071 江苏艾森半导体材料股份有限公司 关于股份回购实施结果暨股份变动的公告 | 回购方案首次披露日 | 2024/11/20 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 11 月 日~2025 年 月 | 年 | 19 | 11 18 日 | | 预计回购金额 | 4,000万元~6,000万元 | | | | | 回购价格上限 | 70.58元/股 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及股东权益 | | | | | 实际回购股数 | 1,152,959股 | | | | | 实际回购股数占总股本比例 | 1.31% | | | | | 实际回购金额 | 50,205,055.88元 | | | | | 实际回购价格区间 | 36.74元/股~45.50元/股 | | | | 一、 回购审批情况和回购方案内容 2024 年 11 月 19 日，公 ...

Group 1 - The company has repurchased a total of 1.153 million shares, accounting for 1.31% of the total share capital [1] - The total amount spent on the repurchase is approximately 50.2051 million yuan [1] - The repurchase price range is between 36.74 yuan per share and 45.5 yuan per share [1] Group 2 - All repurchased shares will be used for the employee stock ownership plan or equity incentive [1]

Core Viewpoint - Aisen Semiconductor Materials Co., Ltd. has shown a significant increase in stock price, indicating positive market sentiment towards the company and its operations in the electronic chemicals sector [1]. Company Overview - Aisen Semiconductor Materials Co., Ltd. was established on March 26, 2010, and is located in Kunshan, Jiangsu Province. The company specializes in the research, production, and sales of electronic chemicals [1]. - The company's main business revenue composition includes: - Electroplating solutions and supporting reagents: 45.37% - Electroplating supporting materials: 29.31% - Photoresists and supporting reagents: 21.91% - Other (supplementary): 3.04% - Other electronic chemicals: 0.37% [1]. Shareholder Information - Southern Fund's Southern Information Innovation Mixed A (007490) has entered the top ten circulating shareholders of Aisen, holding 741,200 shares, which accounts for 1.34% of the circulating shares. The estimated floating profit today is approximately 2.17 million yuan [2]. - Southern Information Innovation Mixed A was established on June 19, 2019, with a latest scale of 3.477 billion yuan. The fund has achieved a return of 48.29% this year, ranking 903 out of 8,138 in its category; a one-year return of 37.72%, ranking 1,703 out of 8,055; and a cumulative return of 151.25% since inception [2]. Fund Manager Profile - The fund manager of Southern Information Innovation Mixed A is Zheng Xiaoxi, who has been in the position for 6 years and 156 days. The total asset scale of the fund is 7.468 billion yuan, with the best fund return during his tenure being 146.29% and the worst being -33.69% [3].

Core Viewpoint - The company, Aisen Co., Ltd. (688720), has reported a significant revenue growth of 40.70% in the first three quarters of 2025, driven by the semiconductor industry's recovery and technological advancements in its products [2][3]. Group 1: Financial Performance - In the first three quarters of 2025, the company's main revenue reached 439 million yuan, an increase of 40.71% year-on-year [3]. - The net profit attributable to shareholders for the same period was approximately 34.48 million yuan, up 44.67% year-on-year [3]. - The company's net profit excluding non-recurring items was about 31.70 million yuan, reflecting an increase of 86.8% year-on-year [3]. - In Q3 2025 alone, the company reported a single-quarter main revenue of 160 million yuan, a year-on-year increase of 26.12% [3]. - The single-quarter net profit attributable to shareholders was approximately 17.69 million yuan, up 75.35% year-on-year [3]. - The company's debt ratio stood at 24.96%, with a gross profit margin of 28.57% [3]. Group 2: Market and Product Insights - The revenue growth is primarily attributed to increased demand from leading wafer manufacturers and advanced packaging plants, as well as contributions from overseas operations [2]. - The company's Malaysian subsidiary, INOFINE, contributed approximately 7% to the overall revenue [2]. - The company has made significant advancements in its KrF photoresist technology, achieving a deep-to-width ratio (R) greater than 13, which is applicable in high aspect ratio structures such as CIS isolation [2]. Group 3: Analyst Ratings and Predictions - Recently, one institution has given a buy rating for the stock within the last 90 days [4]. - Profit forecasts for the next three years indicate a projected net profit of 49 million yuan for 2025, 73 million yuan for 2026, and 108 million yuan for 2027 [4]. - The stock has seen a net inflow of 141 million yuan in financing over the past three months, indicating increased investor interest [4].

Core Viewpoint - The company Eisen Co., Ltd. (688720.SH) has released an investor relations activity record indicating that its KrF photoresist AR has a high aspect ratio (>13), primarily used in high aspect ratio structures such as CIS isolation and corresponding structures in memory chips. The next step involves testing at leading wafer fabs [1]. Group 1 - The KrF photoresist AR has an aspect ratio greater than 13 [1] - The primary applications include CIS isolation and structures in memory chips [1] - Upcoming tests will be conducted at leading wafer fabs [1]

Group 1 - The core viewpoint of the news is that Aisen Co., Ltd. has seen a significant stock price increase of 6.02%, reaching 60.90 CNY per share, with a total market capitalization of 5.367 billion CNY [1] - Aisen Co., Ltd. specializes in the research, production, and sales of electronic chemicals, with its main business revenue composition being: electroplating solution and supporting reagents 45.37%, electroplating supporting materials 29.31%, photoresist and supporting reagents 21.91%, others (supplementary) 3.04%, and other electronic chemicals 0.37% [1] Group 2 - Among the top ten circulating shareholders of Aisen Co., Ltd., a fund under Southern Fund ranks first, with Southern Information Innovation Mixed A (007490) newly entering the top ten shareholders in the third quarter, holding 741,200 shares, accounting for 1.34% of circulating shares [2] - Southern Information Innovation Mixed A (007490) has achieved a return of 53.67% this year, ranking 792 out of 8147 in its category, and a one-year return of 36.21%, ranking 1502 out of 8056 [2]

Core Viewpoint - The A-share market is experiencing significant interest in high bandwidth memory (HBM) concepts, with related stocks seeing substantial capital inflow and price increases. SK Hynix and NVIDIA have finalized an HBM4 supply agreement, with a price increase of over 50% compared to HBM3E, and predictions of operating profits exceeding 70 trillion KRW by 2025 [1]. Group 1: Company Developments in HBM - Zhongtian Precision has a 6.71% indirect stake in Visionary Storage and is focused on HBM technology, with HBM2/2e products in final testing and HBM3/3e in development, targeting applications in AI and edge devices [1]. - Unisoc's HBM products are still in the R&D phase, with future iterations planned based on user needs, particularly for specialized industry applications [2]. - Jingce Electronics has aging testing equipment for HBM chips and has received orders for related products, benefiting from the demand surge due to AI developments [3]. - Longxin Technology is collaborating with industry partners on HBM R&D, aiming to enhance bandwidth and reduce latency for future GPGPU needs [4]. - Aisen Co. has developed advanced packaging materials applicable to HBM storage chips [5]. - Kuaike Intelligent is advancing TCB equipment for HBM packaging, which is crucial for the process [6]. - Sanxiang New Materials is focusing on electronic-grade zirconium and hafnium materials, which are essential for HBM and other high-performance storage chips, with some products already sent to semiconductor clients [6]. Group 2: Market Trends and Predictions - The HBM4 high premium is currently benefiting overseas oligopolies, while domestic companies are primarily focused on thematic trading, necessitating close monitoring of certification progress and DRAM price increases for valuation flexibility [1]. - The demand for large-capacity, high-performance storage chips is rising, leading to tighter supply of core materials [6].

Group 1 - The company announced that it did not repurchase its shares through the Shanghai Stock Exchange trading system via centralized bidding on October 2025 [2]