上海证券发布研报称，2025 年全球晶圆代工产业营收有望同比增长 22.1%，AI 和电动汽车或将持续助力 2026 年市场增长。中信证券则表示，预 计2030年的中国AI芯片市场规模将在2025年350-400亿美元基础上，增至原来的7-9倍，增幅高于全球。中国AI芯片国产化率有望从2025年30~40% 提升至2030年的60~70%水平。 消息面上，12月3日晚间，摩尔线程发布公告称，公司股票将于2025年12月5日（周五）在上海证券交易所科创板上市。同日，沐曦股份发布公告 称，其在科创板IPO上市的询价结果出炉，并确定发行价格为104.66元/股，按照此次初步发行价格与发行后总股本计算，沐曦股份市值达418亿 元。 （原标题：港股异动 | 芯片股涨幅居前 华虹半导体(01347)盘中涨超4% 中芯国际(00981)涨近3%） 智通财经APP获悉，芯片股涨幅居前，截至发稿，华虹半导体(01347)涨3.45%，报76.5港元；上海复旦(01385)涨2.63%，报39.78港元；中芯国际 (00981)涨1.86%，报68.45港元。 ...

Group 1 - Semiconductor stocks are performing well, with Huahong Semiconductor rising by 3.45% to HKD 76.5, Shanghai Fudan increasing by 2.63% to HKD 39.78, and SMIC up by 1.86% to HKD 68.45 [1] - Moore Threads announced that its stock will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025 [1] - Muxi Co., Ltd. confirmed its IPO pricing at CNY 104.66 per share, resulting in a market capitalization of CNY 41.8 billion [1] Group 2 - Shanghai Securities reported that the global wafer foundry industry revenue is expected to grow by 22.1% year-on-year in 2025, driven by AI and electric vehicles [1] - CITIC Securities projected that the Chinese AI chip market size will increase from USD 35-40 billion in 2025 to 7-9 times that amount by 2030, with growth rates surpassing the global average [1] - The domestic production rate of AI chips in China is anticipated to rise from 30-40% in 2025 to 60-70% by 2030 [1]

Core Viewpoint - Semiconductor stocks are experiencing significant gains in early trading, indicating positive market sentiment towards the sector [1][2]. Group 1: Stock Performance - Hua Hong Semiconductor (01347) has risen by 3.45%, trading at HKD 76.50 [1][2]. - Shanghai Fudan (01385) has increased by 2.79%, with a current price of HKD 39.84 [1][2]. - SMIC (00981) has seen a rise of 1.86%, currently priced at HKD 68.45 [1][2].

Core Viewpoint - Huahong Semiconductor has shown significant stock performance with a year-to-date increase of 131.63%, despite recent fluctuations in the short term [2] Group 1: Stock Performance - As of December 4, Huahong's stock price rose by 2.09% to 107.64 CNY per share, with a trading volume of 489 million CNY and a turnover rate of 1.13%, resulting in a total market capitalization of 186.86 billion CNY [1] - The stock has experienced a 1.05% increase over the last five trading days, a 15.42% decrease over the last 20 days, and a 38.19% increase over the last 60 days [2] Group 2: Financial Performance - For the period from January to September 2025, Huahong achieved a revenue of 12.583 billion CNY, representing a year-on-year growth of 19.82%, while the net profit attributable to shareholders decreased by 56.52% to 251 million CNY [3] Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of Huahong's shareholders increased by 30.97% to 49,000, with an average of 0 circulating shares per shareholder [3] - The company has distributed a total of 258 million CNY in dividends since its A-share listing [4] - Notable institutional shareholders include Galaxy Innovation Mixed A and Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, with the latter reducing its holdings by 427,700 shares [4]

Core Viewpoint - The Hang Seng Index fell by 1.28% to close at 25,760.73 points on December 3, with a net inflow of HKD 2.279 billion through the southbound trading channel [1][3]. Group 1: Market Activity - The total trading volume for the southbound trading on December 3 was HKD 66.132 billion, with a net buy of HKD 2.279 billion [1]. - The Shanghai Stock Exchange's southbound trading accounted for HKD 39.050 billion in trading volume, with a net buy of HKD 0.548 billion, while the Shenzhen Stock Exchange had a trading volume of HKD 27.082 billion and a net buy of HKD 1.732 billion [1]. Group 2: Active Stocks - In the Shanghai Stock Exchange's southbound trading, Alibaba-W had the highest trading volume at HKD 32.55 billion, followed by Tencent Holdings and SMIC with HKD 20.92 billion and HKD 13.12 billion respectively [1]. - In terms of net buy amounts, Alibaba-W led with a net buy of HKD 2.60 billion, despite its stock price dropping by 2.17% [1]. - Tencent Holdings experienced the highest net sell amount of HKD 7.26 billion, with a closing price decrease of 0.97% [1]. Group 3: Shenzhen Stock Exchange Activity - In the Shenzhen Stock Exchange's southbound trading, Alibaba-W also topped the trading volume with HKD 23.90 billion, followed by Xiaomi Group-W and Tencent Holdings with HKD 16.21 billion and HKD 14.74 billion respectively [2]. - Xiaomi Group-W had the highest net buy amount of HKD 9.46 billion, despite a closing price drop of 1.18% [2]. - SMIC recorded the highest net sell amount of HKD 1.88 billion, with a closing price decrease of 2.11% [2].

Group 1 - Northbound capital recorded a net purchase of 22.79 billion HKD in the Hong Kong stock market on December 3, with net purchases of 5.48 billion HKD from the Shanghai Stock Connect and 17.32 billion HKD from the Shenzhen Stock Connect [1] - The most net purchased stocks included Xiaomi Group-W (01810), Alibaba-W (09988), and Meituan-W (03690), while the most net sold stocks were Tencent (00700), SMIC (00981), and Hua Hong Semiconductor (01347) [1] Group 2 - Xiaomi Group-W (01810) saw a net purchase of 8.7 billion HKD, with over 500,000 cars delivered since April 3, 2024, and November deliveries exceeding 40,000 units [3] - Alibaba-W (09988) received a net purchase of 4.27 billion HKD, with its AI product "Qianwen App" achieving a monthly active growth rate of 149.03% [3] - Meituan-W (03690) had a net purchase of 2.97 billion HKD, with expectations of reduced losses in its food delivery business and a focus on high-value orders [3] Group 3 - Longpan Technology (02465) received a net purchase of 1.17 billion HKD, signing a long-term procurement agreement for lithium iron phosphate cathode materials worth approximately 4.5 to 5.5 billion CNY [4] - ZTE Corporation (00763) faced a net sell-off of 59.73 million HKD, with its nubia M153 phone being an engineering sample for industry professionals [4] - Northbound capital continued to sell semiconductor stocks, with Hua Hong Semiconductor and SMIC experiencing net sales of 66.36 million HKD and 419 million HKD, respectively [4] Group 4 - XPeng Motors-W (09868) recorded a net purchase of 59.29 million HKD, while Tencent (00700) faced a net sell-off of 732 million HKD [5]

智通财经APP获悉，12月3日港股市场，北水成交净买入22.79亿港元，其中港股通(沪)成交净买入5.48亿 港元，港股通(深)成交净买入17.32亿港元。 北水净买入最多的个股是小米集团-W(01810)、阿里巴巴-W(09988)、美团-W(03690)。北水净卖出最多 的个股是腾讯(00700)、中芯国际(00981)、华虹半导体(01347)。 | 股票名称 | 买入额 | 卖出额 | 买卖日频 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09988 | 17.58亿 | 14.97 乙 | 32.55亿 +2.60亿 | | 腾讯控股 | 6.83亿 | 14.09 乙 | 20.92亿 | | HK 00700 | | | -7.26亿 | | 中芯国际 | 5.41 乙 | 7.72亿 | 13.12亿 | | HK 00981 | | | -2.31亿 | | 小米集团-W | 5.34 乙 | 6.11亿 | 11.45亿 | | HK 01810 | | | -7607.48万 | | 美团-W | 5.29亿 | 4.01亿 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華虹半導體有限公司（於香港註冊成立的有限公司） 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01347 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,328,093,768 | | 0 | | 1,328,093,768 | | 增加 / 減少 (-) | | | 155,728 | | | | | | 本月底結存 | | | 1,328,249,496 | ...

第 2 頁 共 10 頁 v 1.1.1 II. 已發行股份及/或庫存股份變動 第 1 頁 共 10 頁 v 1.1.1 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華虹半導體有限公司（於香港註冊成立的有限公司） 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 不適用 FF301 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01347 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,328,093,768 | | 0 | | 1,328,093,768 | | 增加 / 減少 (-) | | | 155,728 | | | | | | 本月底結存 | ...

MACD金叉信号形成，这些股涨势不错！ 金吾财讯 | 半导体股部分回升，华虹半导体(01347)升2.61%，硬蛋创新(00400)、晶门半导体(02878)、芯 智控股(02166)、脑洞科技(02203)升逾1%。 金吾财讯 | 半导体股部分回升，华虹半导体(01347)升2.61%，硬蛋创新(00400)、晶门半导体(02878)、芯 智控股(02166)、脑洞科技(02203)升逾1%。 汇丰投资管理中国及核心亚洲股票主管沈昱指，中国AI资本开支故事今年才刚开始，预计在未来12至 18个月，本土GPU与AI算力国产化将迎来大幅增长。未来6至12个月，A股和H股将有大量本土GPU与 AI算力相关公司上市，国产GPU替代率有望在未来几年快速提升至50%以上，甚至达到79%，这将催生 一个巨大的本土AI产业链，极大推动中国AI应用的发展。 汇丰投资管理中国及核心亚洲股票主管沈昱指，中国AI资本开支故事今年才刚开始，预计在未来12至 18个月，本土GPU与AI算力国产化将迎来大幅增长。未来6至12个月，A股和H股将有大量本土GPU与 AI算力相关公司上市，国产GPU替代率有望在未来几年快速提升至50%以上，甚 ...