Core Viewpoint - The semiconductor sector, particularly domestic chip companies, is experiencing significant growth driven by the demand for AI-related technologies, as evidenced by strong earnings reports and stock performance of key players in the industry [1][3]. Group 1: Stock Performance - The "Chip Innovation" ETF (华宝, 589190) saw an increase of over 2% in afternoon trading, with leading companies like Cambrian (寒武纪-U) rising nearly 10% and achieving a transaction volume exceeding 10 billion [1]. - Other notable performers included Chip Source (芯源微) up over 5%, and Haiguang Information (海光信息) and Tuo Jing Technology (拓荆科技) both rising over 4% [1]. Group 2: Earnings Reports - Haiguang Information reported a revenue of 14.376 billion yuan for 2025, marking a year-on-year increase of 56.91%, with a net profit of 2.542 billion yuan, up 31.66% [2][3]. - Cambrian's earnings forecast indicates a revenue of 6 to 7 billion yuan for 2025, representing a staggering year-on-year growth of 410.87% to 496.02%, with a net profit expected between 1.85 billion and 2.15 billion yuan [3]. - Lanke Technology (澜起科技) anticipates a net profit of 2.15 to 2.35 billion yuan for 2025, reflecting a growth of 52.29% to 66.46% [3]. Group 3: Industry Outlook - The semiconductor industry is experiencing an upward trend, with AI driving demand for computing chips, storage chips, and wafer foundry services [3]. - Dongguan Securities highlights that the semiconductor equipment sector is entering a historic development window, suggesting a focus on performance realization in the short term and on domestic substitution and key technological breakthroughs in the long term [3]. Group 4: ETF Performance - The "Chip Innovation" ETF has achieved an annualized return of 17.93% since its inception, outperforming similar indices and demonstrating a better risk-return profile [5][6]. - The index has shown a maximum drawdown of -56.81%, indicating a relatively lower risk compared to other semiconductor indices [6].

2月26日，A股三大指数涨跌不一。截至收盘，上证指数跌0.01%，深证成指涨0.19%，创业板指跌0.29%，科创综指涨1.29%，北证50指数跌0.15%。全市 场成交额25566亿元，较上一交易日增加757亿元。 午后，算力芯片概念拉升，寒武纪大涨近10%，截至收盘涨7.96%；云天励飞、海光信息、芯原股份、摩尔线程等跟涨。 | 丛米赤门 | 39.59 +20.01% +36.56% | | --- | --- | | 科创 688530 融 | | | 领涨龙头2 首板 最终涨停14:22 | | | 聚飞光电 | 9.30 +20.00% +28.63% | | 创 300303 融 | | | 首板 最终涨停13:36 | | | 明阳电路 | 35.16 +20.00% +66.32% | | 创 300739 融 | | | 人气龙头２ 领涨龙头1 最终涨停14:55 | | | 春晖智控 | 38.64 +20.00% +16.42% | | 創 300943 融 | | | 首板 最终涨停 11:29 | | | 杰普特 | 242.46 +20.00% +12.45% | | 科创 68 ...

Market Overview - The A-share index showed mixed results on February 26, with the Shanghai Composite Index down by 0.01%, the Shenzhen Component Index up by 0.19%, the Sci-Tech Innovation Board Index up by 1.29%, the ChiNext Index down by 0.29%, and the North Exchange 50 Index down by 0.15% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 2.56 trillion yuan, an increase of 757 billion yuan compared to the previous day, with over 2,400 stocks rising and more than 2,800 stocks falling [1] Sector Performance - The power generation equipment, communication equipment, and electronic components sectors experienced significant gains, with increases of 4.19%, 2.91%, and 2.24% respectively [2] - Conversely, the film and television, insurance, real estate, and precious metals sectors saw the largest declines, with losses of 2.43%, 1.37%, and 1.02% respectively [3] AI Industry Impact - Nvidia's earnings report exceeded expectations, boosting sentiment across the AI supply chain, leading to significant gains in AI hardware stocks such as CPO, copper cables, liquid-cooled servers, and PCBs, with companies like Tianfu Communication and Hengtong Optic-Electric reaching historical highs [3] - Domestic computing chip stocks also benefited from the AI wave, with Cambrian Technologies rising by 8% [3] Lithium Market Update - CATL saw a decline of 4.47% following reports that the Zimbabwean government has suspended all raw material and lithium concentrate exports, including goods in transit, which is expected to drive lithium prices up, posing a significant risk for battery manufacturers [3]

Group 1 - A-shares showed mixed performance on February 26, with the ChiNext Index dropping over 1% at one point, while the Sci-Tech Innovation Board rose by 1.29%. Over 2800 stocks in the market declined [1] - The computing hardware sector led the gains, with strong performances from PCB, CPO, liquid cooling servers, and computing chip concepts. Notable stocks included ShenNan Circuit, Han's Laser, and Guanghe Technology, all hitting the daily limit [1] - The computing rental concept expanded its gains, with Runze Technology hitting the daily limit and closing up 17.7%. Other stocks like Zhongbei Communication and Huasheng Tiancheng also reached their daily limits [1] Group 2 - The power sector strengthened due to the AI wave, with Ganneng Co. achieving two consecutive limits and Huayin Power hitting the daily limit. The wind power sector also saw gains, with stocks like Xinqianglian and Dajin Heavy Industry rising significantly [2] - The commercial aerospace sector experienced a surge, with stocks like Chunhui Zhikong hitting a 20% limit and many others seeing substantial increases [2] - Conversely, the film and insurance sectors faced declines, with the film industry continuing to adjust, leading to significant drops in stocks like Bona Film and Hengdian Film [2] Group 3 - In the Hong Kong market, the Hang Seng Index fell over 0.8%, and the Hang Seng Tech Index dropped over 2% [3] - Tech stocks in Hong Kong collectively declined, with companies like Hua Hong Semiconductor and Xpeng Motors dropping over 4%, while Baidu and Kuaishou fell over 3% [4] Group 4 - The Asia-Pacific market saw the Nikkei 225 index rise by 0.29%, closing at 58753.39 points, while the KOSPI index increased by 3.67%, reaching a new historical high of 6307.32 points [6]

专题：A股节后迎高胜率窗口 新一轮上行可期 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2．电网设备 北京科锐、神马股份、杭电股份等多股涨停。 截至收盘，沪指报4146.63点，跌0.01%；深证成指报14503.79点，涨0.19%；创指报3344.98点，跌 0.29%。 盘面上，元件、CPO、铜缆高速连接板块涨幅居前；影视院线、保险、房地产板块跌幅居前。 热点板块： 1．算力芯片 寒武纪涨近10%，聚飞光电、杰普特20cm涨停，中天科技、烽火通信等多股涨停。 消息面上，国产算力芯片龙头海光信息公告，预计一季度实现归属于母公司所有者的净利润6.2亿元— 7.2亿元，同比增长22.56%—42.32%。 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！ 2月26日消息，市场全天探底回升，三大股指涨跌不一。板块方面，算力芯片股午后拉升，明阳电路、 聚飞光电、杰普特20cm涨停；电网设备板块震荡走强，北京科锐、神马股份、杭电股份等多股涨停； 商业航天概念持续走高，抚顺特钢涨停；下跌方面，影视院线板块持续调整，博纳影业领跌；房地产板 块表现低迷，华联控股领跌；创新药板 ...

此外，当地时间2月25日，韩国存储芯片巨头SK海力士表示，计划到2030年前在韩国龙仁市投资21.6万 亿韩元（约150.7亿美元），新建芯片生产线，以满足日益增长的半导体需求。 AI基建正引发上游材料"超级周期"，电子布因织布机紧缺及产能向Low-Dk/Low-CTE高阶产品倾斜，大 陆市场2月提价斜率明显加大，台湾厂商计划月度调涨10%–15%；与此同时，HBM对DRAM晶圆产能形 成倍数级挤占，普通存储器短缺预计于2026年第三季度随新产能释放逐步缓解。 在AI及算力发展浪潮的驱动下，自2025年第三季度起，全球存储市场迎来涨价行情。业内人士普遍预 计，全球存储芯片涨价将持续2026年一整年。2025年底以来，中微半导、必易微、国科微、英集芯、美 芯晟、欧姆龙、ADI、英飞凌等多家国内外公司，已经宣布了产品涨价。涨价主要原因是上游原材料成 本上涨，导致制造成本上升。 天风证券认为，数字芯片设计行业在科技板块中前景明朗，其预收账款和合同负债指标持续高增，表明 订单需求强劲，AI服务器和高效能运算的长期需求将支撑行业增长确定性。业界普遍预测，在资本市 场的加持下，中国存储芯片产能有望在2026年下半年至20 ...

格隆汇2月26日｜中韩半导体ETF(513310)今日收涨9.64%，报4.321元，盘中最高至4.33元，逼近涨停价 4.335元，溢价率为20.98%，成交额为86.99亿元。自去年10月以来，该基金因高溢价持续对外发布风险 提示。根据最新披露的信息，该基金前五大重仓股分别为三星电子、SK海力士、寒武纪、中芯国际、 海光信息。消息面上，SK海力士昨日宣布未来五年拟投资21.6万亿韩元兴建芯片厂，韩国基准股市 KOSPI指数今日再创历史新高，收涨3.67%；寒武纪午后大涨，一度涨近10%，最终收涨7.96%；海光信 息昨日公告2025年营收增56.91%，净利增逾三成，今日收涨2.52%。 MACD金叉信号形成，这些股涨势不错！ ...

2月26日午后，半导体设备、芯片设计等板块强势走高。截至发稿，设备+材料+设计含量超90%的半导体设备ETF（561980）上涨1.13%、此前一度涨超 2%，实时成交额2.58亿元。 成份股表现活跃，寒武纪大涨7%，长川科技、京仪装备涨超5%，芯源微、神工股份、华峰测控、拓荆科技等多股涨超3%。 分析指出，设备与设计板块今日强势拉升或出于以下产业催化密集共振。 催化一：中日关系趋紧，国产替代逻辑再强化 东吴证券指出，日本大选后中日关系进一步紧张，中国驻大阪总领馆已提醒公民避免前往日本。在此背景下，"去日化"有望继"去美化"后提上日程。日本半 导体设备龙头集中于测试机、涂胶显影设备、切磨抛设备、清洗设备等领域，利好相对应的国产设备商。 截至2月25日，该ETF最新规模35.27亿元，标的指数2020年以来上涨超290%，大幅领先科创芯片、半导体材料设备等同类指数，凸显更强反弹锐度，或在 新一轮半导体上行周期中更具弹性。 数据来源：Wind，2020.1.1-2026.2.25。 2月25日，盛合晶微科创板IPO成功过会，拟募集资金48亿元，投向三维多芯片集成封装、超高密度互联三维多芯片集成封装项目。东吴证券指 ...

英伟达的业绩再次击破AI泡沫论，海光信息也公布了1季度的业绩指引，在2025年营收同比+57%的基础上，今年一季度可能继续高增、实现同比 +62.91%-75.82%。另一国产算力芯片龙头寒武纪此前公布的2025年业绩，则显示全年净利润上限同比预增575%。 | 证券代码 | 证券名称 | 中证一级行业分类 | 中证二级行业分类 | 权重(%) | | --- | --- | --- | --- | --- | | 688012 | 中微公司 | 信息技术 | 半导体 | 16.38 | | 002371 | 北方华创 | 信息技术 | 半导体 | 13.15 | | 688981 | 中芯国际 | 信息技术 | 半导体 | 6.43 | | 688041 | 海光信息 | 信息技术 | 半导体 | 6.35 | | 688256 | 寒武纪 | 信息技术 | 半导体 | 6.32 | | 300604 | 长川科技 | 信息技术 | 半导体 | 6.30 | | 688072 | 拓荆科技 | 信息技术 | 半导体 | 6.15 | | 688120 | 华海清科 | 信息技术 | 半导体 | 4.96 | ...

格隆汇2月26日｜受相关传闻影响，寒武纪午后直线拉升，一度放量大涨9.81%至1188.88元。 ...