消息面上，英诺赛科拟于8月28日举行董事会会议考虑及批准中期业绩。据悉，8月1日，英诺赛科正式 回应与英伟达合作的相关传闻。公告称，公司已于近日与全球AI技术领导者NVIDIA(英伟达)达成合 作，联合推动800VDC(800伏直流)电源架构在AI数据中心的规模化落地。8月18日，英诺赛科宣布其第 三代(Gen3)700V增强型氮化镓功率器件系列正式全面上市。 英诺赛科(02577)尾盘涨超16%，截至发稿，涨13.4%，报91.85港元，成交额12.57亿港元。 此外，中金近日发布研报表示，AI服务器电源是下一个千亿元市场，根据测算市场规模有望于2025E- 2027E快速提升，模组/芯片市场规模CAGR预计为110%/67%，核心受益环节集中在PSU、PDU、BBU及 DC-DC(PDB+VRM)等器件。随着GaN/SiC渗透、800V HVDC+SST架构落地及智能电源管理普及，龙头 厂商市占率与业绩有望提升，二线厂商或承接溢出订单。 ...

此外，中金近日发布研报表示，AI服务器电源是下一个千亿元市场，根据测算市场规模有望于2025E- 2027E快速提升，模组/芯片市场规模CAGR预计为110%/67%，核心受益环节集中在PSU、PDU、BBU及 DC-DC（PDB+VRM）等器件。随着GaN/SiC渗透、800V HVDC+SST架构落地及智能电源管理普及， 龙头厂商市占率与业绩有望提升，二线厂商或承接溢出订单。 智通财经APP获悉，英诺赛科(02577)尾盘涨超16%，截至发稿，涨13.4%，报91.85港元，成交额12.57亿 港元。 消息面上，英诺赛科拟于8月28日举行董事会会议考虑及批准中期业绩。据悉，8月1日，英诺赛科正式 回应与英伟达合作的相关传闻。公告称，公司已于近日与全球AI技术领导者NVIDIA(英伟达)达成合 作，联合推动800VDC(800伏直流)电源架构在AI数据中心的规模化落地。8月18日，英诺赛科宣布其第 三代(Gen3)700V 增强型氮化镓功率器件系列正式全面上市。 ...

格隆汇8月28日｜港股半导体股走强，其中，顺泰控股涨超18%，中芯国际、上海复旦涨超8%，晶门半 导体涨6%，华虹半导体涨超5%，宏光半导体涨超3%。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 01335 | 顺泰控股 | 18.32% | 0.155 | 3.77 Z | | 00981 | 中芯国际 | 8.98% | 61.300 | 4895.62 Z | | 01385 | 上海复旦 | 8.77% | 37.960 | 311.81亿 | | 02878 | 晶门半导体 | 6.00% | 0.530 | 13.24亿 | | 01347 | 华虹半导体 | 5.78% | 55.800 | 965.05 Z | | 06908 | 宏光半导体 | 3.33% | 0.620 | 5.82 7 | | 00400 | 硬蛋创新 | 2.87% | 2.510 | 41.27亿 | | 02166 | 芯智控股 | 2.79% | 1.840 | 8.99亿 | | 02577 | 英诺赛科 | 2.59% | ...

Group 1 - Semiconductor stocks have seen significant gains, with Huahong Semiconductor rising by 17.53% to HKD 55.85, ZTE Corporation increasing by 14.69% to HKD 35.92, SMIC up by 10.06% to HKD 56.9, and Innosilicon rising by 8.81% to HKD 82.1 [1] - DeepSeek has released DeepSeek-V3.1, marking a step towards the Agent era, utilizing UE8M0 FP8 Scale parameter precision designed for the upcoming generation of domestic chips [1] - Caixin Securities believes that DeepSeek's design of UE8M0 FP8 Scale parameters for the next generation of domestic chips is expected to promote the autonomy of domestic computing power [1] Group 2 - Dongwu Securities has indicated that the limitations on H20 create market opportunities for domestic computing power, as U.S. export licenses and revenue sharing mechanisms restrict its competitiveness in China [2] - The firm maintains that the restrictions on H20 open up market space for domestic computing power, which serves as the foundation for the current domestic GPU market trend [2] - It is recommended to closely monitor the expansion pace of domestic advanced process capacity and the demand guidance from internet companies, which may enhance expectations for domestic computing power chips [2]

消息面上，DeepSeek发布DeepSeek-V3.1，并称此次升级是迈向Agent时代的第一步。DeepSeek称， DeepSeek-V3.1使用了UE8M0 FP8 Scale参数精度，并表示UE8M0 FP8是针对即将发布的下一代国产芯片 而设计。财信证券认为，DeepSeek 针对下一代国产芯片设计 UE8M0 FP8 Scale 的参数精度，有望推动 国产算力自主化进程。 东吴证券此前指出，H20生存空间压缩为国产算力打开市场空间。一方面，美国的出口许可伴随营收分 成与"后门"机制，限制其在华竞争力；另一方面，中国政策与舆论环境明确指向H20安全审查与性能不 足的局限性。该行认为H20限售为国产算力打开市场空间，是本轮国产GPU行情的"底座"，维持对国产 算力板块的推荐观点不变。建议后续密切关注：国内先进制程产能扩产节奏、互联网厂商算力需求指引 带动国产算力芯片预期提升。看好本轮国产算力持续性行情。 智通财经APP获悉，芯片股涨幅进一步扩大，截至发稿，华虹半导体(01347)涨17.53%，报55.85港元； 中兴通讯(00763)涨14.69%，报35.92港元；中芯国际(00981)涨10. ...

Group 1: Hong Kong Stocks Performance - Miniso (09896) surged over 20% after reporting a 10% year-on-year increase in adjusted net profit for Q2, with TOP TOY revenue skyrocketing by 87.0% [1] - Li Ning (02331) rose over 6% as it announced a 3.3% year-on-year increase in revenue and declared an interim dividend of HKD 0.3359 per share [1] - Innovent Biologics (02096) increased by over 6% following a 26% year-on-year growth in innovative drug revenue, expanding its commercialized innovative drug portfolio to ten products [1] - Tuhu-W (09690) gained over 10% after reporting a 14.6% year-on-year increase in adjusted net profit while continuing to optimize supply-side costs [1] - Kuaishou-W (01024) rose over 4% with impressive Q2 results and accelerated commercialization [1] - UBTECH (09880) increased over 3% as it led the establishment of two national technical standards for humanoid robots [1] - InnoCare Pharma (02577) saw a rise of over 5% after announcing a partnership with NVIDIA [1] Group 2: Other Notable Performances - China Communications Services (00552) fell over 2% despite a slight 0.18% year-on-year increase in net profit attributable to shareholders, with stable development among its three major clients [2] - Parkson Group (03368) surged nearly 25% after reporting a turnaround to profitability in the first half of the year and proposing an interim dividend of HKD 0.02 per share [2] - Esprit Holdings (00330) jumped over 37% after issuing a profit warning, expecting a net profit of approximately HKD 1 million for the six months ending June 30, 2025 [2] - XPeng Motors (09868) rose over 10% as CEO He Xiaopeng increased his stake by purchasing 3.1 million Class A ordinary shares at an average price of HKD 80.49 per share [2] Group 3: US Market Highlights - Coty (COTY.US) plummeted 21.60% due to weak performance in the US market, retailer destocking, and consumers seeking value, impacting Q4 results [3] - NIO (NIO.US) increased by 9.27% ahead of the launch of its new ES8 product and the start of pre-sales [3] - Huazhu Group (HTHT.US) continued to rise by 2.19% with a 41.3% year-on-year increase in revenue and net profit, benefiting from management franchise and licensing business [3] - Boss Zhipin (BZ.US) rose 6.61% after reporting an over 85% year-on-year increase in net profit for the mid-year and extending its share buyback plan [3] - Youlan Group (YOUL.US) surged 17.13% after announcing plans to acquire four companies to expand its online recruitment and regional market share [3] - Hesai Technology (HSAI.US) increased by 11.00% amid market speculation about a potential IPO in Hong Kong to raise approximately USD 300 million [3] Group 4: Additional US Stock Movements - Miniso (MNSO.US) rose 6.38% after reporting a revenue of CNY 9.39 billion for the first half of the year, a year-on-year increase of 21.1%, with adjusted net profit of CNY 1.28 billion [4] - Walmart (WMT.US) fell 4.49% as Q2 adjusted earnings per share fell short of expectations due to increased insurance claims, legal fees, and restructuring costs [4] - Gilead Sciences (GILD.US) dropped 2.18% after CVS Health decided not to include Gilead's new HIV prevention drug Yeztugo in its business plans [4] - XPeng Motors (XPEV.US) rose 11.68% following the CEO's purchase of 3.1 million Class A ordinary shares [5] - Aegon (AEG.US) increased by 7.64% after reporting a turnaround to profitability in the first half of 2025, primarily driven by growth in its US business [5]

Group 1 - InnoLux (02577) saw its stock price rise over 6% in early trading, currently up 4.71% at HKD 79, with a trading volume of HKD 339 million [1] - On August 1, InnoLux officially responded to rumors regarding a partnership with NVIDIA, announcing a collaboration to promote the large-scale implementation of 800VDC power architecture in AI data centers [1] - On August 18, InnoLux launched its third-generation (Gen3) 700V enhanced GaN power device series [1] Group 2 - InnoLux plans to hold a board meeting on August 28 to consider and approve its interim results [1] - Analysts from Yongxing Securities noted that the high power consumption of AI server clusters drives the industry's pursuit of reduced power consumption, and InnoLux's GaN devices in collaboration with NVIDIA are expected to continuously integrate into the supply chain, fostering the development of related industries such as GaN and SiC [1] - Jefferies stated that InnoLux's inclusion in NVIDIA's list of 800V DC power suppliers is significant for both GaN technology and InnoLux [1]

英诺赛科(02577)早盘涨超6%，截至发稿，涨4.71%，报79港元，成交额3.39亿港元。 消息面上，8月1日，英诺赛科正式回应与英伟达合作的相关传闻。公告称，公司已于近日与全球AI技 术领导者NVIDIA(英伟达)达成合作，联合推动800VDC(800伏直流)电源架构在AI数据中心的规模化落 地。8月18日，英诺赛科宣布其第三代(Gen3)700V增强型氮化镓功率器件系列正式全面上市。英诺赛科 拟于8月28日举行董事会会议考虑及批准中期业绩。 甬兴证券指出，由于AI服务器集群功耗大，降低功耗是产业共同追求。随着英诺赛科的GaN器件与英伟 达的合作，我们认为新的功率器件有望持续导入供应链，带动相关产业链不断发展，如GaN和SiC等， 看好相关投资机会。富瑞也表示，英诺赛科加入英伟达800V直流电源供应商名单，对氮化镓(GaN)和英 诺赛科意义重大。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容所產生或因依 賴該等內容而引致的任何損失承擔任何責任。 InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 董事會會議通告 英諾賽科（蘇州）科技股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈，董事會會議將於2025年8月28日（星期四）舉行，藉以（其中包括）考慮及批 准本公司及其附屬公司截至2025年6月30日止六個月之中期業績及其發佈，並考 慮建議派發中期股息（如有）。 承董事會命 英諾賽科（蘇州）科技股份有限公司 董事長兼執行董事 Weiwei Luo博士 中國，2025年8月18日 於本公告日期，本公司董事會包括執行董事Weiwei Luo博士、Jay Hyung Son先 生、吳金剛博士及鍾山先生；非執行董事汪燦博士、張彥紅女士及崔米子女士； 及獨立非執行 ...

Core Viewpoint - InnoLux (02577) saw a significant stock price increase, reaching a new high of 83.4 HKD, driven by its selection as the only domestic chip company in NVIDIA's updated list of partners for the 800V DC power architecture [1] Company Summary - InnoLux's stock rose over 20% in late trading, with a current price of 81 HKD and a trading volume of 1.647 billion HKD [1] - The collaboration with NVIDIA aims to enhance the scalability of AI data centers, increasing computing power density by over 10 times and cabinet power density exceeding 300 kW, marking a shift towards megawatt-level power supply for global AI data centers [1] Industry Summary - According to Yongxing Securities, the high power consumption of AI server clusters necessitates a focus on reducing power usage, which is a common goal across the industry [1] - The partnership between InnoLux and NVIDIA is expected to introduce new power devices into the supply chain, fostering the development of related industries such as GaN and SiC [1] - The industry recognizes NVIDIA's choice of InnoLux as a core partner, highlighting InnoLux's comprehensive capabilities across the entire IDM chain, including substrate, epitaxy, chip design, and packaging testing [1]