今日（8月28日）芯片产业链延续强势，聚焦"半导体+消费电子+PCB"等方向的电子ETF（515260）盘 中涨超3．7%，现涨2．38%，继续刷新上市以来的高点！ 电子板块细分方向来看，半导体方面，中芯国际涨超13%再创新高，瑞芯微涨逾8%，寒武纪、澜起科 技涨超6%；印制电路板（PCB）方面，东山精密涨停，深南电路涨逾8%；消费电子方面，工业富联涨 超2%，安克创新、领益智造涨逾1%。 | 美部股票 | Wind概念板块 | Wind主题行业 | 申万一级行业 | 申万二级行业 | | | --- | --- | --- | --- | --- | --- | | લ્લ્લિત | 名称 | 涨跌幅 | 主力净流入额 ▼ | 5日主力净流入额 | 20日主力净流入额 | | 801080 | 电子(申万) | 2.48% | 135.16亿 | 831.28亿 | 2066.12亿 | | 801770 | 通信(申万) | 3.87% | 97.07 Z | 375.08 Z | 977.15 Z | | 801050 | 有色金属(申万) | 0.35% | 55.39亿 | 282.99亿 | 7 ...

士兰微今年以来股价涨24.44%，近5个交易日涨15.30%，近20日涨26.34%，近60日涨32.88%。 8月28日，士兰微盘中上涨2.02%，截至09:50，报32.33元/股，成交9.30亿元，换手率1.75%，总市值 537.99亿元。 资金流向方面，主力资金净流出3342.78万元，特大单买入8179.84万元，占比8.80%，卖出8945.36万 元，占比9.62%；大单买入1.98亿元，占比21.25%，卖出2.23亿元，占比24.02%。 机构持仓方面，截止2025年6月30日，士兰微十大流通股东中，香港中央结算有限公司位居第二大流通 股东，持股6513.53万股，相比上期增加2268.12万股。华泰柏瑞沪深300ETF（510300）位居第五大流通 股东，持股2075.66万股，相比上期增加174.19万股。华夏国证半导体芯片ETF（159995）位居第六大流 通股东，持股2067.34万股，相比上期增加41.01万股。易方达沪深300ETF（510310）位居第八大流通股 东，持股1479.37万股，相比上期增加145.71万股。国联安中证全指半导体产品与设备ETF联接A （00730 ...

记者丨张赛男 编辑丨包芳鸣 连日来，A股半导体板块呈现强劲上涨态势。8月27日，半导体仍是市场上涨的主力，Wind半导体精选 指数一度上涨超6个百分点，多股涨停。 股价上涨的背后，是业绩作为支撑。8月26日晚间，AI芯片龙头寒武纪（688256.SH）发布半年报，上 半年实现营业收入28.81亿元，同比增长4347.82%；归属于母公司所有者的净利润10.38亿元，上年同期 净亏损5.3亿元，扭亏为盈，超出预期的成绩单再度引领半导体板块行情高歌猛进。 21世纪经济报道记者据Wind数据统计，目前，共有86家半导体公司披露了上半年财报或预告，其中有 54家实现净利润同比增长，上年同期实现增长的是50家。总的来看，今年上半年半导体行业温和复苏， 但分化较为明显，存在结构性差异，例如高性能存储芯片、汽车电子、工控领域芯片需求旺盛，但消费 市场修复放缓，影响了部分公司业绩。 整体温和复苏 从净利润增速的维度看，上半年半导体板块的表现要略好于去年同期，这不仅体现在数量上，也体现在 龙头企业的增长幅度上。 上半年，共有16家公司净利润增速超过100%，部分公司净利润增速甚至超过1000%。 在目前已公布业绩的半导体公司中 ...

Core Insights - The power semiconductor industry in China has developed a complete ecosystem with leading companies specializing in various segments, including IGBT modules, diodes, and traditional devices, contributing to the import substitution process in key areas like automotive electronics and renewable energy [1][8]. Company Overview - New Energy and Stada Semiconductor focus on IGBT modules, leading in the renewable energy sector [1]. - Jiejie Microelectronics and Suzhou Good focus on diodes and thyristors, serving home appliances and industrial automation markets [1]. - Huazhong Microelectronics and Silan Microelectronics are IDM leaders covering the entire industry chain [1]. - Wentai Technology has expanded into automotive-grade products through the acquisition of Anshi Semiconductor [1]. - Yangjie Technology leads in discrete devices, while Dongwei Semiconductor and Hongwei Technology focus on high-end MOSFET and IGBT research [1]. - Pairui Technology specializes in high-voltage devices, and Zhenhua Technology and Huami Electronics have advantages in military and industrial sectors [1]. - Galaxy Microelectronics, Xindao Technology, and Kaiweite focus on miniaturized devices in niche markets [1]. Performance Comparison - In Q1 2025, most power semiconductor companies reported gross margins between 10% and 45%, indicating good profitability [5]. - Wentai Technology led in revenue with 13.1 billion yuan, although its year-on-year growth rate declined [5]. - Pairui Technology achieved the highest gross margin at 58.4%, showcasing its cost control and efficiency [5]. Revenue and Gross Margin Data - New Energy reported Q1 2025 revenue of 450 million yuan with a gross margin of 36.6% [6]. - Jiejie Microelectronics had revenue of 700 million yuan and a gross margin of 39.9% [6]. - Huazhong Microelectronics reported 2.35 billion yuan in revenue with a gross margin of 25.3% [6]. - Wentai Technology's revenue was 13.1 billion yuan with a gross margin of 14.0% [6]. - Silan Microelectronics had revenue of 3 billion yuan and a gross margin of 21.3% [6]. - Stada Semiconductor reported 920 million yuan in revenue with a gross margin of 30.4% [6]. - Suzhou Good achieved 900 million yuan in revenue with a gross margin of 10.8% [6]. - Yangjie Technology reported 1.58 billion yuan in revenue with a gross margin of 34.6% [6]. - Galaxy Microelectronics had revenue of 220 million yuan and a gross margin of 24.0% [6]. - Pairui Technology's revenue was 30 million yuan with a gross margin of 58.4% [6]. - Hongwei Technology reported 300 million yuan in revenue with a gross margin of 16.4% [6]. - Dongwei Semiconductor achieved 280 million yuan in revenue with a gross margin of 13.6% [7]. - Taiji Technology reported 70 million yuan in revenue with a gross margin of 29.0% [7]. - Zhenhua Technology had revenue of 910 million yuan and a gross margin of 42.5% [7]. - Huami Electronics reported 640 million yuan in revenue with a gross margin of 28.0% [7]. Regional Distribution - Domestic sales dominate, with most companies having over 70% of their sales in China, except Wentai Technology, which has a balanced global presence [8]. - The East and South China regions are core areas for companies like Stada Semiconductor, Silan Microelectronics, and New Energy, while North and Central China focus on industrial and power applications [8]. - Companies like Zhenhua Technology and Huami Electronics leverage local bases to expand into surrounding areas [8]. Future Business Plans - The industry aims to build competitive barriers through capacity expansion, automotive certification, and domestic substitution [16]. - Leading companies are accelerating the expansion of automotive-grade IGBT modules and focusing on the photovoltaic storage market [16]. - Companies are also enhancing their technology capabilities, with a focus on 12-inch wafer production and third-generation semiconductor layouts [16].

Core Insights - The consumer electronics industry is showing signs of recovery, with 80 out of 101 companies reporting revenue growth year-on-year, and 35 companies achieving over 20% growth [1] - Industrial Fulian leads the sector with significant revenue and profit growth, achieving 360.76 billion yuan in revenue and 12.11 billion yuan in net profit for the first half of 2025, marking a year-on-year increase of 35.58% and 38.61% respectively [2] - The emergence of "dark horse" companies is notable, with several firms reporting revenue growth exceeding 50%, particularly those focused on AI applications [4] Industry Performance - The consumer electronics sector has 22 companies with revenues exceeding 10 billion yuan, with notable performances from companies like Luxshare Precision and Hikvision, which reported revenues of 124.50 billion yuan and 41.82 billion yuan respectively [3] - A total of 14 companies reported net profit growth exceeding 100%, with Qianfang Technology and Silan Micro achieving remarkable increases of 1287.12% and 1162.42% in net profit [5] AI Impact - AI technology is driving new growth points in the consumer electronics industry, with products like AI smartphones and smart home devices gaining traction [6] - The short-term effects of AI-related investments are evident, particularly for companies that have early adopted AI technologies [6] Market Disparities - Despite the overall recovery, there is a clear divergence within the industry, with 16 companies reporting a decline in net profit exceeding 30% [7] - Companies like AOC Technology and OFILM have reported losses, with AOC's net profit dropping to -0.49 billion yuan from a profit of 0.05 billion yuan in the previous year [7] Competitive Landscape - The competitive environment is intense, with leading companies capturing a significant market share, making it challenging for smaller firms to compete effectively [8]

8月27日，士兰微盘中上涨2.01%，截至11:14，报32.94元/股，成交30.01亿元，换手率5.58%，总市值 548.15亿元。 资金流向方面，主力资金净流出2.30亿元，特大单买入3.00亿元，占比9.99%，卖出5.71亿元，占比 19.02%；大单买入7.32亿元，占比24.38%，卖出6.91亿元，占比23.02%。 士兰微今年以来股价涨26.79%，近5个交易日涨16.60%，近20日涨26.94%，近60日涨37.65%。 资料显示，杭州士兰微电子股份有限公司位于浙江省杭州市黄姑山路4号，成立日期1997年9月25日，上 市日期2003年3月11日，公司主营业务涉及电子元器件、电子零部件及其他电子产品设计、制造、销 售；机电产品进出口。主营业务收入构成为：分立器件产品47.47%，集成电路40.37%，发光二极管产 品5.47%，其他3.60%，其他(补充)3.10%。 士兰微所属申万行业为：电子-半导体-分立器件。所属概念板块包括：传感器、集成电路、氮化镓、 LED、半导体等。 截至6月30日，士兰微股东户数26.18万，较上期减少8.36%；人均流通股6355股，较上期增加9.12% ...

这一业绩突破得益于两大核心支撑：一是深化"一体化"战略，通过拓展高门槛市场、推出竞争力产品拉 动营收；二是芯片产线满负荷运转，盈利水平进一步改善；封装线扩产提效，多环节盈利改善共同推动 扭亏。 IPM引领多元增长车规与工业应用持续突破 2025年上半年，士兰微集成电路板块实现营收25.58亿元，同比增长26%。核心驱动力来自IPM模块、 MEMS传感器、32位MCU等产品的出货攀升，以及汽车电子、工业控制等高端领域电源管理芯片的布 局落地。 从细分产品看，IPM模块仍是集成电路板块的"增长引擎"。2025年上半年，IPM模块在2024年约30亿元 营收的基础上，继续保持较快增长速度。公司安排多轮投资持续扩充IPM产能以应对市场需求。成都集 佳经过多轮扩产，目前年产能提升至4亿支。今年7月，成都士兰启动汽车半导体封装二期厂房建设，进 一步完善在车规级高端功率半导体领域的战略布局。 8月23日，士兰微（600460）(600460.SH)披露了2025年半年度报告。报告期内，公司实现营业总收入 63.36亿元，比上年同期增长20.14%；实现归属于母公司股东的净利润2.65亿元，比上年同期增加2.90亿 元，同比 ...

记者丨刘雪莹 编辑丨陈思颖 8月26日午后，沪深两市成交额连续第10个交易日突破2万亿元。截至收盘，沪深两市全天成交额2.71万 亿元，较上个交易日缩量4621亿元。市场全天震荡调整，三大指数涨跌不一。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3868.38 | 12473.17 | 1591.90 | | -15.18 -0.39% +32.11 +0.26% -12.11 -0.76% | | | | 科创50 | 创业板指 | 万得全A | | 1270.87 | 2742.13 | 6164.69 | | -16.86 -1.31% -20.86 -0.76% -5.48 -0.09% | | | | 沪深300 | 中证500 | 中证A500 | | 4452.59 | 6964.07 | 5304.51 | | -16.63 -0.37% +12.17 +0.18% -7.22 -0.14% | | | | 中证1000 | 深证100 | 中证红利 | | 7476.47 | 5420.79 | 56 ...

| 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3868.38 | 12473.17 | 1591.90 | | -15.18 -0.39% +32.11 +0.26% -12.11 -0.76% | | | | 科创50 | 创业板指 | 万得全A | | 1270.87 | 2742.13 | 6164.69 | | -16.86 -1.31% -20.86 -0.76% -5.48 -0.09% | | | | 沪深300 | 中证500 | 中证A500 | | 4452.59 | 6964.07 | 5304.51 | | -16.63 -0.37% +12.17 +0.18% | | -7.22 -0.14% | | 中证1000 | 深证100 | 中证红利 | | 7476.47 | 5420.79 | 5634.04 | | -1.26 -0.02% +10.50 +0.19% | | -6.44 -0.11% | | 万得全A涨跌分布 | | | | 跌 2469 | | 涨 2802 | | 成交额 2 ...

【芯片股局部反弹 士兰微快速拉升涨停】智通财经8月26日电，芯片股午后局部反弹，士兰微快速拉升 涨停，盛美上海、拓荆科技、屹唐股份、复旦微电涨超5%，恒玄科技、上海贝岭、立昂微、江波龙等 跟涨。 转自：智通财经 ...