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item_id: 8ec57792ee06440799ef9ef8e7e6fc4a
item_updated_time: 1764345560065
title_diff: "[{\"diffs\":[[1,\"北方华创：巨量减持\"]],\"start1\":0,\"start2\":0,\"length1\":0,\"length2\":9}]"
body_diff: "[{\"diffs\":[[1,\"<html>\\\r\\\n<head>\\\r\\\n  <title>北方华创：巨量减持</title>\\\r\\\n  <basefont face=\\\"微软雅黑\\\" size=\\\"2\\\" />\\\r\\\n  <meta http-equiv=\\\"Content-Type\\\" content=\\\"text/html;charset=utf-8\\\" />\\\r\\\n  <meta name=\\\"exporter-version\\\" content=\\\"YXBJ Windows/608924 (zh-CN, DDL); Windows/10.0.0 (Win64); EDAMVersion=V2;\\\"/>\\\r\\\n  <style>\\\r\\\n\\tbody, td {\\\r\\\n\\t  font-family: 微软雅黑;\\\r\\\n\\t  font-size: 12pt;\\\r\\\n\\t}\\\r\\\n  </style>\\\r\\\n</head>\\\r\\\n<body>\\\r\\\n<a name=\\\"4414\\\"></a>\\\r\\\n<h1>北方华创：巨量减持</h1>\\\r\\\n\\\r\\\n<div><span style=\\\"margin:0px;\\\"><div style=\\\"padding:8px 0px;margin:8px auto;max-width:700px;\\\"> <div style=\\\"margin:0;padding:0;background-color:#fff\\\"><div style=\\\"margin:0;padding:0\\\"><div style=\\\"margin:0;padding:0;zoom:1;position:relative\\\"><h1 style=\\\"margin:0;font-weight:400;padding:0;font-size:22px;line-height:1.4;margin-bottom:14px\\\"> 北方华创：巨量减持 </h1><div style=\\\"margin:0;padding:0;margin-bottom:22px;line-height:20px;font-size:0;word-wrap:break-word;-webkit-hyphens:auto;-ms-hyphens:auto;hyphens:auto\\\"><span style=\\\"padding:0;display:inline-block;vertical-align:middle;margin:0 10px 10px 0;font-size:15px;-webkit-tap-highlight-color:rgba(0,0,0,0);position:relative\\\"><a style=\\\"margin:0;padding:0;text-decoration:none;-webkit-tap-highlight-color:rgba(0,0,0,0);color:var(--weui-LINK);position:relative;cursor:pointer\\\"> 半导体行业联盟 </a></span><em style=\\\"padding:0;font-style:normal;display:inline-block;vertical-align:middle;margin:0 10px 10px 0;font-size:15px;-webkit-tap-highlight-color:rgba(0,0,0,0);color:var(--weui-FG-2)\\\"></em></div><div style=\\\"margin:0;padding:0;font-size:var(--articleFontsize);overflow:hidden;text-align:justify;color:var(--weui-FG-HALF);position:relative;z-index:0;__visibility:hidden\\\"><div style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;margin-top:0;margin-bottom:24px\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\"></span></div><div style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;margin-top:0;line-height:1.5em;margin-bottom:0\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px;font-family:mp-quote,-apple-system-font,BlinkMacSystemFont,&quot;Helvetica Neue&quot;,&quot;PingFang SC&quot;,&quot;Hiragino Sans GB&quot;,&quot;Microsoft YaHei UI&quot;,&quot;Microsoft YaHei&quot;,Arial,sans-serif\\\">     </span><br style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\"/></div><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">在A股半导体公司中市值位列第二的北方华创（002371），将迎来国家集成电路基金（即俗称的“大基金”）最高达1059万股的巨量减持。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">不过，据中国基金报记者统计，在国家集成电路基金的积极参与扶持之下，2016年至今，北方华创营收和净利分别增长了805%、2532%，总市值则大涨1243%，国家集成电路基金自身也获得约838%的回报。<span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px\\\"> </span></p><div style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;margin-top:0;letter-spacing:0.578px;margin-bottom:0;text-align:center\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;color:rgb(0,82,255)\\\"><strong style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\">相伴6年、大基金增值8倍</strong></span></div><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px;text-align:center\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;color:rgb(0,82,255)\\\"><strong style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\">北方华创净利大涨25倍、市值大涨12倍</strong></span></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">5月5日晚间，北方华创公告，国家集成电路基金计划自公告披露之日起15个交易日后的6个月内，以大宗交易或集中竞价方式，减持公司股份数量累计不超过1059.1201万股，占公司总股本比例为2%，减持理由是“自身经营管理需要”；其股份来源为通过参与公司2016年发行股份购买资产并募集配套资金项目，及2019年非公开发行项目取得的股份。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">目前，国家集成电路基金持有北方华创3932.8803万股，占公司总股本比例为7.43%。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">2016年8月，国家集成电路基金斥资6亿元，认购了北方华创3436.4261万股股份，当时的认购价为17.46元/股；2019年5月，国家集成电路基金斥资91089.1041万元，认购了北方华创1486.6836万股股份，当时的认购价为61.27元/股。通过这两次定增，国家集成电路基金总计斥资约15.11亿元，认购了北方华创总计4923.1097万股股份。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">以5月5日的收盘价计算，国家集成电路基金目前持有的北方华创的股份市值约为126.69亿元；2020年，在2016年的定增解禁之后，国家集成电路基金曾减持了约1000万股股份，以当时的股价计算，其减持收益约为15亿元。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">以此计算，国家集成电路基金在北方华创的两次投资，总计增值约126亿元，增值幅度为8.38倍。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">2016年，北方华创营收为16.22亿元，净利润9290万元；2022年，北方华创实现营收146.88亿元，净利润23.53亿元，相对于2016年分别增长了805%、2532%。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px;text-align:center\\\">    </span><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px;text-align:center\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\" title=\\\"image1\\\"></span></span><img src=\\\":/1de6fbd7c26c4bf9ae54f33a640f73dd\\\" type=\\\"image/png\\\" data-filename=\\\"640.png\\\" style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;vertical-align:bottom;height:auto !important;letter-spacing:0.578px;text-align:center;width:553.74px;height:auto !important\\\"/></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px;text-align:center\\\"><img src=\\\":/3d543841a4274290889d77e85d394056\\\" type=\\\"image/png\\\" data-filename=\\\"640.png\\\" style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;vertical-align:bottom;height:auto !important;width:553.74px;height:auto !important\\\"/></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">而从2016年8月至今，北方华创的总市值则从127亿元，增长至2023年5月5日的1706亿元，涨幅达1243%，在半导体板块的总市值仅次于海光信息。<span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px\\\">         </span></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px;text-align:center\\\"><img src=\\\":/65135eded5364882a1aeb4cdfab3babb\\\" type=\\\"image/png\\\" data-filename=\\\"640.png\\\" style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;vertical-align:bottom;height:auto !important;width:553.74px;height:auto !important\\\"/><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px;text-align:justify\\\"> </span></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">也就是说，在国家集成电路基金的积极参与扶持之下，6年多来，北方华创营收和净利分别增长了805%、2532%，总市值则大涨1243%，国家集成电路基金自身也获得约838%的回报。<span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;letter-spacing:0.578px\\\">                  </span></p><div style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;margin-top:0;letter-spacing:0.578px;margin-bottom:0;text-align:center\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;color:rgb(0,82,255)\\\"><strong style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\">2023年为近四年半导体设备</strong></span></div><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px;text-align:center\\\"><span style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;color:rgb(0,82,255)\\\"><strong style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important\\\">国产化率提升最快年份</strong></span></p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">北方华创由七星电子和北方微电子重组而来，其业务聚焦于半导体设备、真空设备、新能源锂电设备及精密电子元件四大业务板块。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">北方华创在其2022年年报中称，在地缘政治风险、全球通胀以及消费需求疲软等多重因素影响下，2022年集成电路产业进入新一轮的周期性波动和库存调整周期，对集成电路产业的增长速度带来一定影响，但高性能计算、汽车电子、工业控制等领域对芯片的需求量持续提升，已成为新的行业增长驱动力。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">长期来看，在数字化发展趋势加速的大背景下，下游消费升级和数字化转型的需求将持续拉动芯片需求，5G、人工智能、物联网、云计算、智能汽车等新兴领域的蓬勃发展，为集成电路的需求带来增量空间，进而为集成电路装备带来巨大市场。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">国内知名半导体研究机构芯谋研究预计，2023年国产半导体设备销售额将达到62亿美元，国产化率约16%，为近四年国产化率最快提升的年份。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">2023年一季度，北方华创实现营业收入38.71亿元，同比增长81.26%；归属于上市公司股东的净利润5.92亿 元，同比增长186.58%，扣非净利润5.34亿元，同比增长243.59%。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">浙商证券研报指出，半导体晶圆制造3大核心设备——光刻机、刻蚀机设备、气相沉积设备，占据了产线设备总投资额的70%。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">从竞争格局来看，国内外具备非常相似的竞争格局特征，光刻机以阿斯麦（全球龙头）、上海微电子（国内）为首；刻蚀设备以拉姆研究（全球龙头）、中微公司（国内）为首；气相沉积设备以应用材料（全球龙头）、北方华创（国内）为首。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">在国内肥沃的土壤上（2017年-2021年中国半导体设备销售额平均增速较全球高17.4%），叠加与海外相似的竞争格局（全球应用材料+拉姆研究+阿斯曼，国内北方华创+中微公司+上海微电子），国内半导体设备公司未来成长速度有望较全球设备龙头更高。</p><p style=\\\"margin:0;padding:0;max-width:100% !important;box-sizing:border-box !important;-webkit-box-sizing:border-box !important;word-wrap:break-word !important;clear:both;min-height:1em;margin-top:0;margin-bottom:24px;letter-spacing:0.578px\\\">因此，浙商证券认为，未来北方华创与应用材料的市值比有望进一步缩小。</p><div style=\\\"margin:0;padding:0;max-width:100% 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updated_time: 2025-11-28T21:04:09.846Z
created_time: 2025-11-28T21:04:09.846Z
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