成交额方面，寒武纪成交额256.23亿元，位居首位；ST帕瓦成交额1392.12万元，位居末位。 换手率方面，恒运昌换手率为28.78%，位居首位；龙腾光电换手率为0.26%，位居末位。 2月3日，寒武纪早盘盘中一度下跌14.41%。寒武纪午间发布严正声明表示，公司关注到今日网络传播 的关于公司近期组织小范围交流等信息为不实信息，公司近期从未组织任何小范围交流，没有出具过任 何年度、季度营业收入指引数据，相关信息请以公司公开披露的信息为准。午后，寒武纪股价跌幅收 窄，最终收于1128元／股，跌幅9.18%。 经新华财经统计，2月3日，剔除停牌的埃夫特，科创板其余600股平均涨幅3.16%，平均换手率3.15%， 合计成交额2797.65亿元，平均振幅为4.47%。 个股表现方面，奥特维、海优新材收于约20%涨停，涨幅居前；寒武纪下跌9.18%，跌幅居首。 新华财经北京2月3日电科创板两大股指3日早间均大幅高开。科创综指盘初短暂整理后冲高回落，小幅 转跌后开始逐渐反弹，午后震荡上扬，收盘时大幅上涨。科创50指数在开盘后震荡下行，早盘盘中一度 下跌1.44%，此后波动反弹，午后显著上涨，但未能突破盘初高位。 至收 ...

#寒武纪称未组织小范围交流# 【寒武纪声明：公司近期从未组织任何小范围交流，没有出具过任何年 度、季度营业收入指引数据】#寒武纪回应股价跳水# #寒武纪称市场很多传闻是假的# 2月3日午间，寒 武纪发布严正声明表示，公司关注到今日网络传播的关于公司近期组织小范围交流等信息为不实信息， 公司近期从未组织任何小范围交流，没有出具过任何年度、季度营业收入指引数据，相关信息请以公司 公开披露的信息为准。公司目前研发进展顺利，经营稳步推进。 在此，公司提醒广大投资者，公司相 关事项均以公开披露信息为准，请投资者提高信息辨别能力，不传播、不采信来源不明或未经核实的虚 假信息。此外，对于任何捏造、散布传播不实信息的行为，公司将保留追究相关人员法律责任的权利。 （每日经济新闻，泽塔） ...

2月3日，寒武纪-U盘中大幅跳水，截至中午休市股价跌近13%，总市值回落到4500亿元左右，蒸发超700亿元。 寒武纪在公告中表示，报告期内，受益于人工智能行业算力需求的持续攀升，公司凭借产品的优异竞争力持续拓展市场，积极推动人 工智能应用场景落地，本期营业收入较上年同期大幅增长，进而带动公司整体经营业绩提升，净利润实现扭亏为盈。 不过，寒武纪2025年三季报显示，2025年前三季度公司已实现营业收入46.07亿元，归母净利润16.05亿元。 根据年度预告的区间推算，寒武纪对2025年第四季度的营收预期为13.93亿元至23.93亿元之间，净利润预期则在2.45亿元至5.45亿元之 间。这也意味着，在2025年全年60亿元至70亿元的收入区间中，前三季度已贡献约66%至77%的收入规模；在全年18.5亿元至21.5亿元 的净利润区间中，前三季度对应的利润占比同样处于较高水平。 此外，2025年第三季度，寒武纪实现营收17.27亿元，净利润为5.67亿元，即便取第四季度营收预测的上限值23.93亿元对比，其单季营 收环比增幅也较为有限；第四季度净利润预测上限5.45亿元，略低于第三季度的水平。 就公司股价跳水一 ...

Group 1 - The core point of the article is that after a significant drop in stock price, Cambricon issued a statement denying rumors about its revenue guidance and reaffirming its operational stability and R&D progress [1][3][4] - On February 3, Cambricon's stock price fell over 14%, reaching a low of 1063 yuan per share, which raised concerns about competition and revenue expectations [3][4] - Following the statement, Cambricon's stock experienced a slight recovery, with the decline narrowing to within 10% [4] Group 2 - Cambricon's 2025 revenue forecast is between 6 billion to 7 billion yuan, representing a growth of 410.87% to 496.02% year-on-year, with a projected net profit of 1.85 billion to 2.15 billion yuan [6] - The company attributes its expected revenue growth to the increasing demand for computing power in the AI industry and its competitive product offerings [6] - However, Cambricon's Q4 net profit is expected to be between 245 million to 545 million yuan, which is below market expectations [6] Group 3 - The competition in the domestic AI chip market is intensifying, with major internet companies ramping up their efforts [8] - Alibaba's self-developed AI chip "Zhenwu" has been launched, achieving significant deployment and surpassing Cambricon in shipment volumes [9] - Huawei and Baidu are also advancing their AI chip technologies, with Huawei planning to release several new chips by 2028 and Baidu launching new Kunlun chips for large-scale AI tasks [12][13]

寒武纪-U(688256.SH)跌幅收窄至8%以内，此前一度放量大跌超14%。消息面上，寒武纪午间发布声明：公司关注到今日网络传播的关于公司近期组织小 范围交流等信息为不实信息，公司近期从未组织任何小范围交流，没有出具过任何年度、季度营业收入指引数据，相关信息请以公司公开披露的信息为 准。公司目前研发进展顺利，经营稳步推进。 ...

Core Viewpoint - The semiconductor equipment sector is experiencing a strong resurgence, driven by significant growth in earnings from both domestic and international companies, particularly in the context of AI and storage expansion [1][2][24]. Group 1: Market Performance - The semiconductor equipment ETF (561980) saw a 1.25% increase in the afternoon session, with a peak rise of 1.8%, and a trading volume of 223 million yuan [1]. - Over the past 10 trading days, the ETF has received a net inflow of approximately 483 million yuan [1]. - The index has shown a maximum increase of over 690% during the last semiconductor upcycle and over 283% since 2020, outperforming comparable indices [3][20]. Group 2: Company Earnings - Major semiconductor equipment manufacturers, including ASML and KLA, reported earnings that exceeded expectations, indicating a robust market environment [1][24]. - Domestic companies like Zhongwei Company and Changchuan Technology have also reported significant revenue and net profit growth, with some achieving profitability for the first time [1][8]. - The anticipated net profit for a leading domestic chip design company is projected to be between 1.85 billion to 2.15 billion yuan, marking a substantial year-on-year increase of 410% to 496% [8]. Group 3: Industry Trends - The global semiconductor industry is witnessing a major expansion in storage capacity, with key players like Samsung and SK Hynix planning to increase their NAND flash production [2]. - The semiconductor equipment sales are expected to reach a historical high in 2025, with a projected year-on-year growth of 13.7% [11]. - The demand for high-performance storage products, driven by AI applications, is leading to price increases across various segments, including DRAM and NAND flash [7][26]. Group 4: Investment Opportunities - The semiconductor equipment ETF is heavily weighted towards leading companies in the sector, with the top ten holdings accounting for approximately 75% of the index [2][16]. - The index's focus on upstream and midstream sectors of the semiconductor industry positions it well for future growth, particularly in the context of domestic substitution and policy support [16].

我们认为，短期情绪波动不改长期发展前景，公司自身业绩拐点已至，生态壁垒不断加深，国产算力龙 头长期竞争力持续提升！ 业绩拐点：2025年全年业绩高增 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 寒武纪股价今日出现波动。公司也于今日发布声明，否认网传组织小范围交流、出具营收指引数据 等信息为不实内容，并表示研发经营进展顺利。 公司预计2025年营收60亿元-70亿元，同比增速近500%；归母净利润18.5亿元-21.5亿元（24年-4.52亿 元），扣非归母净利润16亿元-19亿元（24年-8.65亿元）。 公司受益于行业算力需求持续攀升，凭借产品竞争力拓展市场、推动应用场景落地，带动营收大幅增 长，实现整体盈利扭亏。 生态壁垒：深度适配国产头部大模型 以DeepSeek为例，公司对其进行了深度适配优化： 在大模型训练方向，寒武纪重点支持DeepSeek V3/V3.1、等MoE类模型训练。基于原生FP8的计算能 力，新增DeepSeek等系列网络FP8的训练支持。 针对DeepSeek V3.2-Exp模型，寒武纪实现发布即适配的支持，并与合作伙伴同步开源适配代码。 风险提示：需 ...

2月3日，"寒武纪科技"微信公众号发布"严正声明"称，公司关注到今日网络传播的关于公司近期组织小范围交流等信息为不实信息，公司近期从未组织任何小范围 交流，没有出具过任何年度、季度营业收入指引数据，相关信息请以公司公开披露的信息为准。公司目前研发进展顺利，经营稳步推进。 在此，公司提醒广大投资者，公司相关事项均以公开披露信息为准，请各位投资者提高信息辨别能力，不传播、不采信来源不明或未经核实的虚假信息。此外，对 于任何捏造、散布传播不实信息的行为，公司将保留追究相关人员法律责任的权利。 今日（2月3日），寒武纪（SH688256）股价盘中大幅跳水，一度跌近14%。截至中午收盘，寒武纪跌12.88%，股价报1082.09元/股，总市值回落到4563亿元。 券商中国 X 券中社 扫码下载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体, 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ...

Core Viewpoint - The market experienced a significant drop due to rumors regarding potential tax rate increases for the gaming industry, which were deemed unfounded by analysts [2][11]. Group 1: Market Reaction - On February 3, the Hang Seng Technology Index fell over 3% at one point, with major internet companies like Tencent, Alibaba, and Baidu also experiencing sharp declines [3][8][10]. - The stock price of Cambricon Technologies plummeted following rumors about its revenue guidance for 2026 being significantly lower than market expectations [4][13]. Group 2: Tax Rumors Analysis - Analysts from Everbright Securities refuted the rumors about a potential tax rate increase for the gaming industry, clarifying that the comparison to the liquor industry's consumption tax was misleading [2][11]. - The current tax rate for financial services and internet value-added services, including gaming, is 6%, as per the Value-Added Tax Law effective from January 1, 2026 [3][13]. - The adjustment of tax rates requires a rigorous legislative or administrative process, making arbitrary changes unlikely [3][12]. Group 3: Policy Context - The current macroeconomic policy focus is on "stabilizing growth, promoting innovation, and supporting industrial upgrades," which contradicts the idea of a blanket tax increase on key industries [12]. - Future tax regulations are more likely to involve the review of tax incentives for certain companies rather than an increase in statutory tax rates [12].

2月3日午间，寒武纪发布严正声明称，公司关注到今日网络传播的关于公司近期组织小范围交流等信息为不实信息，公司近期从未组织任何小范围交流， 没有出具过任何年度、季度营业收入指引数据，相关信息请以公司公开披露的信息为准。公司目前研发进展顺利，经营稳步推进。 公司提醒广大投资者提高信息辨别能力，不传播、不采信来源不明或未经核实的虚假信息。对于任何捏造、散布传播不实信息的行为，公司将保留追究相 关人员法律责任的权利。 图片来源：寒武纪科技微信公众号 2月3日上午，寒武纪股价大幅跳水，上午收盘跌近13%。下午开盘后，寒武纪股价跌幅收窄，截至13:33，该股下跌10.63%。 图片来源：同花顺 ...