证券代码：688720 证券简称：艾森股份 公告编号：2025-070 江苏艾森半导体材料股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/11/20 | | --- | --- | | 回购方案实施期限 | 2024/11/19~2025/11/18 | | 预计回购金额 | 4,000万元~6,000万元 | | 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 | | 累计已回购股数 | 1,152,959股 | | 累计已回购股数占总股本比例 | 1.31% | | 累计已回购金额 | 50,205,055.88元 | | 实际回购价格区间 | 36.74元/股~45.50元/股 | 一、回购股份的基本情况 2024 年 11 月 19 日，公司召开第三届董事会第十二次会议，审议通过了《关 于以集中竞价交易方式回购公司 ...

Core Viewpoint - Aisen Co., Ltd. is a leading company in the field of electroplating products for integrated circuit packaging, with a market share of over 20%, and has recently been listed on the Shanghai Stock Exchange [1] Group 1: Business Overview - Aisen Co., Ltd. was established on March 26, 2010, and focuses on the research, production, and sales of electronic chemicals, including photoresists and electroplating solutions [1] - The company operates in the semiconductor materials sector and is involved in various concepts such as chip technology, photoresists, integrated circuit fusion, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025, Aisen reported a revenue of 439 million yuan, ranking 18th out of 24 in the industry, significantly lower than the top competitors [2] - The revenue breakdown shows that electroplating solutions and related reagents accounted for 45.37%, while photoresists contributed 21.91% to the total revenue [2] - The net profit for the same period was approximately 34.87 million yuan, placing the company 15th in the industry [2] Group 3: Financial Ratios - Aisen's debt-to-asset ratio stood at 24.96% in Q3 2025, lower than the industry average of 31.95%, indicating strong solvency [3] - The gross profit margin was reported at 28.57%, higher than the industry average of 25.67%, reflecting robust profitability [3] Group 4: Management and Shareholder Information - The chairman, Zhang Bing, received a salary of 790,000 yuan in 2024, an increase of 19.44% from the previous year [4] - The number of A-share shareholders increased by 24.95% to 7,993 as of September 30, 2025, while the average number of shares held per shareholder decreased by 19.97% [5] Group 5: Market Outlook - Aisen is recognized as a company with unique characteristics and growth potential in the semiconductor materials sector, driven by its dual focus on photoresists and electroplating [5] - The market for advanced packaging is expected to exceed 20 billion yuan, with opportunities arising from high computing power demands and accelerated domestic substitution [5] - Revenue projections for 2025-2027 indicate significant growth, with expected increases of 55%, 45%, and 40% respectively for photoresists, and 32%, 28%, and 20% for electroplating solutions [5]

Group 1 - The company confirmed that it has a business relationship with SMIC (Semiconductor Manufacturing International Corporation) in the wafer sector [1] - The company advised investors to refer to its periodic reports for detailed information regarding the collaboration with SMIC [1]

Core Viewpoint - The company confirmed that its subsidiaries, Huahong Hongli and Shanghai Huahong, are clients of the company, and specific details regarding the business cooperation can be found in the company's periodic reports [1] Group 1 - Huahong Hongli and Shanghai Huahong are identified as clients of the company [1] - The company has provided products to these clients, although specific product details are not disclosed in the response [1] - Investors are encouraged to refer to the company's regular reports for more detailed information on business cooperation [1]

Core Viewpoint - The company has relevant products and technology reserves for HBM (High Bandwidth Memory) storage chip packaging, including advanced packaging photoresists and various chemical solutions [1] Group 1 - The company offers "advanced packaging photoresists," "electroplating copper base liquids," "copper-titanium etching liquids," and "tin-silver electroplating additives" that can be utilized in HBM storage chip packaging [1]

Group 1 - The Computer ETF (159998) has risen by 0.28% as of October 28, 2025, marking its fourth consecutive increase, with a turnover rate of 4.25% and a transaction volume of 121 million yuan [3] - The Computer ETF (159998) has seen a cumulative increase of 3.82% over the past week, ranking first among comparable funds, with a significant growth in scale of 8.639 million yuan [3] - The Tianhong Sci-Tech Index ETF (589860) has a turnover rate of 11.44% and a transaction volume of 40.4241 million yuan, indicating active market trading [3] Group 2 - The Computer ETF (159998) covers a wide range of sectors including information technology services, application software, and communication equipment, featuring leaders in AI applications and hardware manufacturing [4] - The Tianhong Sci-Tech Index ETF (589860) covers 97% of the market capitalization of the Sci-Tech board, with a balanced allocation in strategic emerging industries such as semiconductors and artificial intelligence [4] - The U.S. Department of Energy has announced a collaboration with NVIDIA and Oracle to build seven new AI supercomputers, emphasizing the importance of AI in scientific research [5] Group 3 - The quantum technology market is expected to exceed $6.1 billion globally by 2025, with China's market projected to reach 11.56 billion yuan, reflecting a compound annual growth rate of over 30% [6] - CITIC Securities highlights the need to accelerate innovation in AI and digital technologies, predicting significant growth in capital expenditure related to AI model development [7]

Core Insights - The company, Aisen Co., Ltd. (688725.SH), has achieved a significant breakthrough in the domestic production of ultra-pure cobalt sulfate solution, receiving its first mass production order from a mainstream wafer manufacturer [1][3] - Aisen has made notable progress in the research and industrialization of advanced process technology, successfully supplying core materials for mainstream wafer manufacturers at 28nm and 5nm-14nm process nodes [3] - The ultra-pure cobalt sulfate solution's mass production enhances the self-sufficiency of the domestic semiconductor material supply chain and indicates a gradual break from foreign technology monopolies in high-end electronic chemicals [3] Company Developments - Aisen's core product lines include copper plating additives and ultra-pure chemicals, with copper additives already receiving stable mass production orders from several leading wafer manufacturers [3] - The company is one of the few in China capable of providing key material solutions for process nodes of 5nm and below, with its products widely used in wafer manufacturing, packaging testing, and high-end display panels [3] Industry Impact - The successful domestic mass production of ultra-pure cobalt sulfate solution is expected to accelerate the process of domestic substitution for semiconductor materials in China [3]

Core Viewpoint - The A-share market has seen a significant rally in photoresist concept stocks, driven by recent breakthroughs in the photoresist field in China [1][2]. Group 1: Stock Performance - Jingrui Electric Materials (300655) surged over 17%, with a market capitalization of 18.9 billion and a year-to-date increase of 89.04% [2]. - Jinhua New Materials (920015) rose more than 14%, with a market cap of 7.32 billion and a year-to-date increase of 43.67% [2]. - Other notable performers include Jiashan Co. (920489) and Wanyun Co. (002643), both increasing over 10% [1][2]. Group 2: Industry Breakthrough - A research team led by Professor Peng Hailin from Peking University has achieved a breakthrough in the photoresist field by using cryo-electron tomography to analyze the micro-3D structure of photoresist molecules in a liquid phase environment [2]. - This research guides the development of an industrialization plan that significantly reduces photoresist defects [2].

Core Viewpoint - The company has announced its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information disclosed, and plans to hold an earnings briefing to address investor inquiries [7][9][56]. Financial Data - The third-quarter financial report is unaudited, covering the period from the beginning to the end of the quarter [3]. - The company reported that there were no significant changes in major accounting data and financial indicators during the reporting period [5]. Cash Management - The company plans to use up to RMB 150 million of temporarily idle raised funds for cash management, ensuring that this does not affect the normal operation of fundraising projects [13][58]. - The funds will be invested in safe, liquid principal-protected products, including but not limited to large time deposits and structured deposits, with a usage period of up to 12 months [14][58]. - The board of directors has authorized the chairman and financial officer to make investment decisions within the specified limits and duration [19][58]. Stock Incentive Plan - The company has approved a stock incentive plan, granting 550,000 restricted shares to 56 recipients at a price of RMB 26.42 per share, which represents approximately 0.62% of the company's total share capital on the grant date [29][30]. - The grant date for the restricted shares is set for October 24, 2025, and the plan is designed to motivate key personnel and align their interests with those of shareholders [29][39]. Board Meeting Decisions - The board of directors convened on October 24, 2025, to review and approve the third-quarter report and the cash management plan, with all members present voting in favor [55][60]. - The board confirmed that the third-quarter report accurately reflects the company's financial status and operational results, with no misleading statements or omissions [55][56].

Core Insights - The company reported a total operating revenue of 439 million yuan for the first three quarters of 2025, representing a year-on-year increase of 40.71% [1] - The net profit attributable to shareholders of the parent company reached 34.48 million yuan, marking a year-on-year growth of 44.67% [1] - The basic earnings per share stood at 0.39 yuan [1]