【华安证券】中科飞测（688361）-中科飞测：国内半导体量检测设备领军者，多元化产品布局成就未来-250530（20页）.pdf

1、!#$%&()*+,-.*/012345/!#$%&()*+,-#.&/0)10&2!#$%#$%&()*()*+!3456!7#$%,-./0123%456789:;?ABCD!7!7!#$%!#$%&()*+()*+!#$%2025-05-30!BCDEFG7H HI IJ JKIKI/L MN OPQRSQTEFG7MMUJVVMMUJVVS SKWJKWJKHKH/XYZEYG7NINI/_YZEYG7NKHNKH/_YaEbG7HHJMcHHJMc/XdeEfFG7N NNUNUJ J/_deEfFG7M MHHJ JH H/!77349:;=349:;?ABCABC7!77!#$%

2、&DE)F*G27HIJKLMNHIJKLMN7 7()*+%,-.-/01-2-.&34%56789:;?5;A&7 77 7OPQROPQR7 7.BCDE(0-0/FGHIJKLMNONPQRSTUVWXYZ&!77777 7,-./%,-./%77l=STUVWXYZ_abcd=STUVWXYZ_abcd7 7=efghYijk l?mn ok l?l ogpqrst34uvwXYxyz|XYdZ=kXYWYi“”zt34 XY“z XY“z WY“zWY“-ufzzgzgxzgxzitTUV“dab34abtl?l?l?ln o34ln m n o tl?ln o3434ml B m

3、 t7l TUVWXY“dabTUVWXY“dab7 7TUV”!TUV#W$%k&TUV”!TUV#W$%k&()*+,-HXY()*+,-HXYWYtWYtXY.u/0r123fXY4)5678#9:;WY.Y”r”23?ABCDE6”WdFGt%HI(J|l?l oTUVXY“KWXY“sLBMB7NOWY“KB7?t7fTUVWXY“sLPQRSTUVtfTUVWXY“sLPQRSTUVt%HI(J|l?l?l?l o fWTUVXY;WY“sLX l”oYZ7PitfWTUVXY;WY“dCsL_asL”bcKUdet%HI(J|gfTUVsLghi nt jokfghYlmuXY;

4、WYZnoCpkTUVq”rPQsZdtuvPwxt7l ydxycApzab|SydxycApzab|S7 734ab“dt l?l?l?lno 34?o mnt&34 i=biFxyzpWYxyzkzm?znlN;H“lmzz mm77!#$%&()*+,-.*2/20 012345 mmnzm?9 H“m?lzmOnzO?t56t7 7l ww7 734Nt7!7!#$%&G*8)27l.&ee&_a_a&0-0bK0-0bK&0-0/c0-0/c&0-02c0-02c&0-0dc0-0dc&jkBl/.1e-&0.0e&1-fe&b0d.&BlmEbG/bfg&/b0g&b/2g&1d

5、eg&nopqrstu/h.0&0-d&12b&/d2&stumEbG/h.-e0g&.eff2g&d/bg&/e/g&vtwEbG/befg&bf1g&bffg&/-dg&xyzEbG/h-/g&ddg&.fg&./fg&YB|EFG/h-b&-2/&.b&.e-&Sz/i&.-e20&2.fb&1f-e&S=/.bf&eb-&db-&200&zSz=7?/2.eef&db02&b/0d&0eb/&/01237!#$%&()*+,-.*3/20 012345!#$%&*.0#1/0)10&m277fghYfghY mm77!#$!#$%1jklm%jWnopqrmstuvwjklm%jWno

6、pqrmstuvw.5 1.1xynopqrmuzRX|VxynopqrmuzRX|V.5 1.2RR.7 1.3“R“R24F”F”.8 2 nopqrmstWXVnopqrmstWXV.9 3 RXVZ RXVZ.13 3.1VURVUR.13 3.2X|#R-VX|#R-V.15 4mm.17%.18 _!m_!m.19 !#$%&()*+,-.*4/20 012345!#$%&*.0#1/0)10&m277fghYfghY mm77&#$&#$%1.5 2(_X(_X.5 32025FF521#.7 4.8 5(2020-2024FF.8 6(_(_2020-2024FF.8 7 20