行情速递 ① 主 板 领 涨 ， 华 体 科 技 (+10.03%)/ 盛 洋 科 技 (+10.01%)/ 瑞 斯 康 达 (+10.00%)/ 长 飞 光 纤 (+10.00%)/博纳影业(+9.97%)/ ② 创业板领涨，万隆光电(+20.02%)/海峡创新(+16.39%)/奕东电子(+12.16%)/ ③ 科创板领涨，嘉和美康(+20.01%)/中科星图(+10.79%)/信科移动-U (+8.52%)/ ④ 活跃子行业，SW通信线缆及配套 (+2.25%)/SW影视动漫制作(+1.59%)/ 国内新闻 ①半导体材料与工艺设备，惠丰钻石发布公告称/拟在包头市昆都仑区投资建 设CVD金刚石项目/该项目预计总投资10亿元/其中一期投资约5亿元/拟安装 500台MPCVD设备/主要从事CVD培育钻石及CVD金刚石膜的研发与生产/根 据市场行情及设备迭代情况在4-5年内完成投产/ ④集邦化合物半导体，超芯星正式推出方形结构晶片/其契合芯片矩形布局/ 减少边缘浪费/提升单位面积散热效能/热量得以更均匀、更快速地由中心向 四边扩散/避免局部热点/尤其适合对集成度与散热有严苛要求的高功率模 块、先进封装及下一代电 ...

行情速递 ① 主 板 领 涨 ， 通 鼎 互 联 (+10.09%)/ 光 迅 科 技 (+10.01%)/ 中 瓷 电 子 (+10.00%)/ 长 飞 光 纤 (+10.00%)/深南电路(+10.00%)/ ② 创业板领涨，奕东电子(+20.01%)/古鳌科技(+20.00%)/联特科技(+20.00%)/ ③ 科创板领涨，开普云 (+20.00%)/炬光科技(+17.34%)/生益电子(+13.56%)/ 公司公告 ①南芯科技，发布向不特定对象发行可转换公司债券的证券募集说明书（申 报稿）/南芯科技拟发行19.33亿元可转债/募集资金净额将用于"智能算力领 域电源管理芯片研发及产业化项目"/"车载芯片研发及产业化项目"/"工业应 用的传感及控制芯片研发及产业化项目"/ ②格科微，发布关于获得政府补助的公告/公司的全资子公司格科微电子（浙 江）有限公司近日收到政府补助款项共计人民币6,000万元/ ③明阳电路，发布关于2026年度日常关联交易预计公告/公司预计2026年与 百柔新材料的关联交易金额不超过509万元（不含税）/其中向其采购原材料 不超过500万元/出租设备不超过9万元/ ④ 活跃子行业，S ...

②创业板领涨，万集科技(+20.02%)/久之洋(+20.00%)/智莱科技(+15.71%)/ 行情速递 ① 主 板 领 涨 ， 多 伦 科 技 (+10.04%)/ 航 天 信 息 (+10.02%)/ 大 唐 电 信 (+10.00%)/ 通 宇 通 讯 (+10.00%)/恒宝股份(+9.98%)/ ③科创板领涨，金橙子 (+7.62%)/臻镭科技(+6.73%)/福光股份(+5.85%)/ 公司公告 ①协创数据，发布关于公司购买资产的公告/公司根据经营发展需要/拟向多 家供应商采购服务器/并签署相关采购合同/采购合同总金额预计不超过人民 币90亿元/ ②亚信安全，发布关于获得政府补助的公告/亚信安全于近日收到政府补助人 民币300万元/该补助属于与收益相关的政府补助/资金已到账/用于支持公司 日常经营或特定项目/ ③上海钢联，发布关于获得政府补助的公告/子公司上海钢银电子商务股份有 限公司于今日收到政府补助资金2,612.35万元/ ④活跃子行业，SW垂直应用软件 (+0.11%)/ 国内新闻 ①艾邦半导体网， 苏科斯半导体4.5G玻璃基TGV先进镀膜设备成功出货/相 比传统小尺寸（如510*515 ...

行情速递 ②核芯产业观察，创芯慧联宣布完成超亿元D轮融资/由川发展芯云基金领 投/本轮融资资金将用于卫星通信及物联网芯片在内的多款产品规模出货、以 及未来产品迭代/ ③SEMI，精测电子发布公告称/公司控股子公司上海精测计划投资约3.5亿 元/购买上海市青浦区相关地块并建设二期实验室扩建项目/旨在加码半导体 前道量检测设备研发与生产/ ④电子工程专辑，粤芯半导体目前已完成12英寸集成电路数模混合特色工艺 生产线项目（四期项目）备案/项目总投资252亿元/产能预计年产48万片12 英寸晶圆/计划于2029年底建成/ 公司公告 ① 主 板 领 涨 ， 航 天 信 息 (+10.00%)/ 通 宇 通 讯 (+10.00%)/ 广 西 广 电 (+9.98%)/ 三 维 通 信 (+9.96%)/华映科技(+9.96%)/ ② 创业板领涨，科大国创(+8.93%)/南大光电(+8.39%)/浩云科技(+7.14%)/ ③ 科创板领涨，艾森股份 (+20.00%)/星环科技-U (+17.27%)/震有科技(+15.79%)/ ④ 活跃子行业，SW其他通信设备 (+0.94%)SW军工电子Ⅲ(+0.84%)/ 国内新 ...

Market Performance - The main board saw significant gains with notable stocks such as Copper Peak Electronics (+10.04%), Xilong Science (+10.00%), and Dongfang Communication (+9.98%) leading the charge [1] - The ChiNext board experienced a surge, highlighted by Guoci Materials (+20.02%) and LianTe Technology (+15.87%) [1] - The Sci-Tech Innovation board also performed well, with Jingfeng Mingyuan (+20.00%) and Yandong Micro (+16.84%) among the top gainers [1] - Active sub-industries included SW Electronic Chemicals III (+4.36%) and SW Semiconductor Equipment (+3.55%) [1] Domestic News - Taiwan's Industrial Technology Research Institute announced the development of the region's first full-color high-resolution Micro LED AI smart glasses, featuring a 0.49-inch display with 1920x1080 FULL HD resolution and over 3000 nits brightness [1] - Shanghai Jiao Tong University and Guoxing Aerospace signed an agreement to establish China's first space computing joint laboratory, focusing on autonomous space computing chip development and related technologies [1] - Goer Group and Haier Group signed a strategic cooperation agreement to collaborate on smart home, health, and digital economy sectors, leveraging Goer's expertise in precision components and smart manufacturing [1] - According to BCI's report, Huawei's smartphone market share is projected to reach 27.81% by the 48th week of 2025, significantly ahead of Apple's 17.12% [1] Company Announcements - Electric Science and Technology Network announced a significant decrease in expected daily related transactions for 2026, with actual transactions for 2025 being 283.25 million yuan compared to an expected 1.17385 billion yuan [3] - Chip Origin announced progress in acquiring Zhudian Semiconductor, with a capital increase of 350 million yuan for the acquisition [3] - Yunding Technology projected daily related transactions for 2026 to be approximately 1.355 billion yuan, with actual transactions expected to be around 1.484 billion yuan [3] - Aisino Security reported receiving a government subsidy of 1 million yuan, classified as a revenue-related government grant [3] International News - Dell plans to increase prices for its commercial product line by approximately 10%-30% starting December 17, depending on computer configuration [1] - STMicroelectronics secured a new credit line of 1 billion euros from the European Investment Bank, with 60% allocated for enhancing manufacturing capabilities [1] - SK Hynix ordered seven sets of thermal compression bonding machines from ASMPT for HBM4 production, a critical technology for ensuring product yield and performance [1] - Kioxia plans to start producing next-generation NAND flash memory chips in Iwate Prefecture in 2026, increasing storage capacity by 59% and data transfer speed by 33% [1]

01 主题：端侧AI产品密集发布 时间： 12月17日（周三） 10 : 00 嘉宾：董秘 姚总 时间：12月15日（周一）13:00 主讲： 曹佩 计算机首席分析师 参会密码： 562973 02 主 题：军工近期观点 时间： 12月15日（周一）19 : 00 主讲：马浩然 军工分析师 参会密码： 250874 03 主 题：行业配置模型回顾与更新系列（十八） 时间： 12月15日（周一）21 : 30 主讲： 刘晓锋 金工首席分析师 参会密码： 707964 04 主题： 米奥会展管理层交流 主持：王湛 社服分析师 参会密码： 510976 05 主题：2026年化工行业投资机会交流 时间： 12月19日（周五）10 : 30 主讲：王亮 院长助理&化工首席分析师 王海涛 化工分析师 参会密码：836081 06 主题： 谈谈今年零售新变化 时间： 12月19日（周五）11 : 00 主讲：郭梦婕 食饮首席分析师 参会密码： 637148 11元 业首席分析 III 识别二维码立即参会 会议号码: +86-4001888938 (中国) +86-01053827720 (全球) +886-2770832 ...

文章转自2025年12月07日金融团队报告，作者：夏芈卬、 王子钦 投资要点 市场风格切换在即，银行板块重现配置良机 | 124.13% 申业板指 ）万当银前PE-TTM 行，市指CS场数人呈为工已处于历史高位，而申万银行指数 现代智显表能著的指"权科数重技上板强涨块、36.27% 表权现重明弱，显"科跷滞创跷后50板。指效2025 数PB应上长期维持在 。年涨2024 828.00% 月银年行Q4指。0.6-0.8 至数与2025 下此倍的历史低位区间，走势与估值的双重分化达到极端水平。 跌同年1.62% 时Q3，期科，间技8-10 ，板科块月技波区成动间长显跌板著幅块加超呈剧10%现，强，科势与创波科50动技指上板数涨块在特形10征成月。鲜单明月2025 反最差大年。回8月估撤单值超月层过，面10%创分业。化板相更指比为大之明幅下显，上创以涨 | | --- | | 21.94 情估多重因素，四季度银行股重演上涨行情具有较高概率，优质区域银行和高股息大行均有望获得资金青睐。 ）值，从个更当板百低前块分，市基点业场本；绩环面归改境观母善与察净趋当，利势时银润更均行达为处股1.68 明于业确科万绩，技亿已而板 ...

行情速递 ① 主 板 领 涨 ， 梦 网 科 技 (+10.02%)/ 立 昂 微 (+10.01%)/ 广 西 广 电 (+10.00%)/ 普 天 科 技 (+10.00%)/永鼎股份(+9.98%)/ ②创业板领涨，天迈科技(+12.09%)/光智科技(+11.01%)/珂玛科技(+10.44%)/ ③科创板领涨，摩尔线程-U (+28.04%)/富信科技(+20.00%)/臻镭科技(+17.40%)/ ④活跃子行业，SW半导体材料(+0.30%)/SW通信线缆及配套 (+0.28%)/ 国内新闻 ①半导体投资联盟，泰凌微表示/公司与谷歌在智能家居、音频等多个领域已 展开具体项目合作/合作范围正由早期的遥控器芯片供应延伸至更广泛的智能 终端场景/双方关系已升级为涵盖音频、智能家居及端侧AI等多领域的深度合 作/ ②半导纵横，兴福电子发布公告称/公司拟以自有资金4626.78万元（含税） 购买关联方三峡实验室的光刻胶用光引发剂制备专有技术及实验设备所有权/ 该专有技术已完成系列光引发剂的合成制备工艺扩试验证研究/具备产业化应 用条件/并向国家知识产权局申请发明专利9项/目前为受理阶段/暂未授权/ ①万马科 ...

Market Overview - The main board saw significant gains with notable stocks such as Bona Film Group (+10.05%), Liang Micro (+10.01%), and Changfei Fiber (+10.00%) leading the charge [1] - The ChiNext board also performed well, with Hongrid (+13.32%) and Dongtian Micro (+8.24%) among the top gainers [1] - The Sci-Tech Innovation board was led by C Moore-U (+16.98%) and Xingfu Electronics (+12.79%) [1] - Active sub-industries included SW Communication Cables and Accessories (+3.86%) and SW Film and Animation Production (+2.61%) [1] Domestic News - Semiconductor Investment Alliance: Jingce Electronics announced that its subsidiary has signed multiple sales contracts with a total value of 433 million yuan over the past twelve months [1] - China Mobile's 5G expansion procurement results revealed that all selected vendors' equipment will utilize domestically produced CPUs, marking the first large-scale application of domestic CPUs in 5G base stations [1] - Yunguang Technology completed a Series A financing round to initiate the construction of a 12-inch silicon-based OLED production line, expected to yield approximately 6 million 12-inch wafers annually [1] - Lichong Group signed a procurement agreement with Weijing Intelligent for humanoid robot components, with an estimated contract value of 75 million yuan for 5,000 sets [1] Company Announcements - Medica announced plans to introduce strategic investors through its subsidiary, enhancing its financial strength and core competitiveness [2] - 37 Interactive Entertainment's subsidiary plans to invest up to $200,000 in the Lighthouse Founders' Fund, which focuses on AI and related technology sectors [2] - Taiji Industry's subsidiary intends to transfer accounts receivable worth up to $85 million to a bank [2] - Qilin Security received government subsidies totaling 540,140 yuan, related to its revenue [2] International News - Sondiale SA secured $4.75 million from the U.S. International Development Finance Corporation for the development of a polysilicon factory in Tanzania, with a total investment of approximately $870 million [2] - Imec successfully demonstrated the use of extreme ultraviolet (EUV) lithography for fabricating solid-state nanopores, a significant step towards low-cost mass production [2] - The international DRAM market showed stable prices, with DDR4 16Gb prices increasing by 1.59% while other prices remained relatively stable [2] - Samsung Display has signed orders with major OLED equipment companies, including Cannon Tokki, to begin full-scale production next year [2]

Market Overview - The main board saw significant gains with companies like Bona Film Group (+10.02%), Tiantong Co., Ltd. (+10.02%), and Zhongci Electronics (+10.01%) leading the charge [1] - The ChiNext board also performed well, with Hengxin Oriental (+20.04%) and Online Offline (+20.00%) showing strong increases [1] - The Sci-Tech Innovation board was led by Dekeli (+20.00%) and Tengjing Technology (+10.54%) [1] - Active sub-industries included SW Printed Circuit Boards (+5.43%) and SW Communication Network Equipment (+3.68%) [1] Domestic News - Aibang ARAI announced that its 12-inch Micro OLED production line has successfully lit up, marking a new phase in silicon-based OLED product mass production [1] - Semiconductor Investment Alliance reported that Shengmei Shanghai has launched several devices compatible with HBM processes, including Ultra ECP 3D equipment for TSV copper filling [1] - United Microelectronics Corporation (UMC) signed a technology licensing agreement with imec for silicon photonics processes, aiming to target next-generation high-speed connectivity applications [1] - Baiwei Storage highlighted the increasing demand for high-bandwidth, low-latency storage chips in robotics, launching products suitable for embodied intelligence [1] Company Announcements - Shenzhou Information disclosed a plan for its controlling shareholder to reduce holdings by up to 28,827,300 shares between December 31, 2025, and March 30, 2026 [2] - Saiwei Microelectronics announced a share reduction plan by Shanghai Lingguan, intending to reduce up to 14,500 shares for personal funding needs [2] - Juguang Technology reported the completion of a share reduction by shareholder Wang Donghui, decreasing his stake from 6.6427% to 3.6427% with a total reduction amounting to 323 million yuan [2] - Zhangyue Technology received a cash dividend of 4.99 million yuan from its associate company, which will positively impact its 2025 financial performance [2] Overseas News - DNP successfully developed a nano-imprint lithography (NIL) template with a line width of 10nm, meeting the miniaturization needs for advanced logic semiconductors [2] - Omdia reported a 3% year-on-year increase in global wearable wristband shipments in Q3 2025, reaching 54.6 million units, with market value rising by 12% [2] - IBM announced an acquisition of Confluent for $11 billion, aiming to integrate it into its software division to enhance AI-driven data platforms [2] - The U.S. government allowed NVIDIA to export its H200 AI chips to China under certain conditions, including a 25% revenue share for the U.S. [2]