| 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 ...

（文章来源：每日经济新闻） 每经AI快讯，8月26日，半导体芯片板块局部反弹，士兰微涨停，百傲化学涨超7%，复旦微电、华天科 技、精测电子拉升。 ...

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%。 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 （007300）位居第十大流通股东，持股1234.91万股，相比上期增加115.10万股。 士兰微所属申万行业为：电子-半 ...

Core Viewpoint - On August 25, 2023, brokerage firms provided target prices for listed companies, with notable increases in target prices for companies in the agriculture, coal mining, and construction materials sectors, indicating potential investment opportunities in these industries [1][2]. Target Price Increases - The companies with the highest target price increases were: - Longping High-Tech (隆平高科) with a target price increase of 38.75% to 14.00 CNY [2] - Xinji Energy (新集能源) with a target price increase of 37.40% to 9.00 CNY [2] - Beixin Building Materials (北新建材) with a target price increase of 36.57% to 36.90 CNY [2] Brokerage Recommendations - A total of 163 listed companies received brokerage recommendations on August 25, with notable mentions: - Shede Liquor (舍得酒业) received 4 recommendations [4] - Shuiyang Co. (水羊股份) and Marubi Biotechnology (丸美生物) each received 3 recommendations [4] Rating Adjustments - One company had its rating upgraded: - Guodian Power (国电电力) was upgraded from "Hold" to "Buy" by Huayuan Securities [5] - Three companies had their ratings downgraded: - Minhe Livestock (民和股份) from "Buy" to "Hold" [6] - Chifeng Gold (赤峰黄金) from "Buy" to "Hold" [6] - Silan Microelectronics (士兰微) from "Buy" to "Hold" [6] First-Time Coverage - Seven companies received first-time coverage with positive ratings: - Ganhua Science and Technology (甘化科工) received a "Buy" rating from Dongwu Securities [7] - Wangneng Environment (旺能环境) received a "Buy" rating from Xinda Securities [7] - Yingliu Co. (应流股份) received an "Increase" rating from Shanxi Securities [7] - New Clean Energy (新洁能) received an "Increase" rating from Industrial Securities [7] - Weijian Medical (稳健医疗) received a "Buy" rating from Northeast Securities [7]

士兰微 20250825 摘要 士兰微坚持 IDM 模式，通过先进产线和创新产品驱动增长。公司在功率 器件市场竞争激烈，但 IPM 和汽车 IGBT 领域表现突出，2025 年 IPM 营收预计增长近 30%。 士兰微在 MEMS 传感器领域扭转颓势，成为国内少数进入所有品牌手机 厂家的供应商。公司正积极拓展汽车和工业应用，下半年新机型放量将 进一步改善业务。 士兰微在模拟电路和碳化硅业务上取得突破，12 寸平台车规级模拟电路 已推向客户。公司是国内少数自主品牌销售碳化硅产品的企业之一，并 计划完成 8 寸线通线。 士兰微已涉足服务器市场，并重点开发算力市场，推出 Doctor Moss、 氮化镓和碳化硅器件，已应用于算力服务器。算力服务器市场仍处于初 期阶段，需要时间发展。 半导体行业周期性复苏由 AI 驱动，美国已超过中国成为最大半导体消费 市场。士兰微服务众多领域，算力是重点之一，但成熟产线产能投放导 致价格压力增大。 Q&A 士兰微 2025 年上半年财务表现如何？ 2025 年上半年，士兰微的营业收入为 63.35 亿元，同比增长约 20%。净利润 扣除非经常性损益后为 2.7 亿元，同比大幅增长 ...

Investment Rating - The report assigns an "Accumulate" rating to the company [2]. Core Views - The company has shown stable revenue growth, achieving an operating income of 6.336 billion yuan in the first half of 2025, a year-on-year increase of 20.14%, and a net profit attributable to shareholders of 265 million yuan, up 1162.42% year-on-year [5][6]. - The company is expanding into high-barrier markets, including large home appliances, automotive, new energy, industrial, communications, and computing, which has contributed to its revenue growth [6]. - The company has increased production capacity across various subsidiaries, maintaining full-load production in its chip manufacturing lines, which has further improved profitability [6]. - The integrated circuit business has seen a year-on-year growth of approximately 26%, with significant increases in the sales of power management chips and MCU products [7]. - The fourth generation of SiC power modules is expected to ramp up production, with the company achieving a revenue of 3.008 billion yuan from power semiconductors and discrete devices, a year-on-year increase of about 25% [8]. - The company is optimizing its LED business structure, with expectations of reduced operational losses as production capacity utilization improves [9][10]. Financial Projections - The company is projected to achieve operating revenues of 13.48 billion yuan, 16.00 billion yuan, and 18.81 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits attributable to shareholders of 616.64 million yuan, 869.91 million yuan, and 1.183 billion yuan for the same years [11][13]. - The report anticipates a steady growth rate in operating income of approximately 20.14% for 2025, 20.17% for 2026, and 18.63% for 2027 [13]. - The earnings per share (EPS) are expected to be 0.37 yuan, 0.52 yuan, and 0.71 yuan for the years 2025, 2026, and 2027, respectively [13]. Market Performance - The stock has shown a significant upward trend, with performance increasing from 4% in August 2024 to 76% by August 2025 [3]. - The company's market capitalization is currently 48.9 billion yuan, with a total share capital of 1.664 billion shares [4]. - The price-to-earnings (P/E) ratio is reported at 226.00, indicating high market expectations for future growth [4].

Summary of Key Points Core Viewpoint - As of August 25, 1687 companies have released their semi-annual reports for 2025, with 977 reporting a year-on-year increase in net profit, while 710 reported a decline. Additionally, 1039 companies saw an increase in operating revenue, while 648 experienced a decrease. A total of 771 companies reported simultaneous growth in both net profit and operating revenue, while 442 companies saw declines in both metrics. Notably, 228 companies achieved a doubling of their performance, with Xinte Electric showing the highest increase at 49775.01% [1]. Company Performance - Xinte Electric (301120) reported earnings per share of 0.0100, with a net profit of 532.87 million and a year-on-year increase of 49775.01%. Its operating revenue reached 19265.03 million, reflecting a 16.10% increase [1]. - Fujilay (301258) achieved a net profit of 4307.66 million, with a year-on-year increase of 12430.96% and operating revenue of 22390.97 million, up by 3.36% [1]. - Taiji Holdings (300046) reported a net profit of 3972.84 million, with a year-on-year increase of 3789.41% and operating revenue of 17878.78 million, up by 4.18% [1]. - Other notable companies include: - Lian Di Xin (839790) with a net profit of 1012.23 million, a year-on-year increase of 3149.79%, but a decline in operating revenue by 8.10% [1]. - Shanda Holdings (603086) reported a net profit of 13603.97 million, with a year-on-year increase of 2561.58% and operating revenue of 142261.73 million, up by 11.82% [1]. Revenue and Profit Trends - A total of 771 companies reported simultaneous growth in both net profit and operating revenue, indicating a positive trend in the market [1]. - Conversely, 442 companies experienced declines in both metrics, highlighting potential challenges within certain sectors [1]. - The overall performance of companies shows a mixed landscape, with significant outliers achieving extraordinary growth while others face difficulties [1].

据证券之星公开数据整理，近期士兰微（600460）发布2025年中报。截至本报告期末，公司营业总收入 63.36亿元，同比上升20.14%，归母净利润2.65亿元，同比上升1162.42%。按单季度数据看，第二季度 营业总收入33.36亿元，同比上升18.77%，第二季度归母净利润1.16亿元，同比上升1304.95%。本报告 期士兰微盈利能力上升，毛利率同比增幅2.6%，净利率同比增幅199.28%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率20.42%，同比增2.6%，净利率2.1%，同比增 199.28%，销售费用、管理费用、财务费用总计4.3亿元，三费占营收比6.78%，同比减11.48%，每股净 资产7.39元，同比增2.46%，每股经营性现金流0.2元，同比增194.19%，每股收益0.16元，同比增900.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 52.74亿 | 63.36亿 | 20.14% 1 | | 归母净利润(元) | -2492.39万 | 2.65亿 | 1162. ...

Group 1 - The core viewpoint of the news is that Silan Microelectronics has experienced a decrease in the number of shareholders and an increase in average shareholding quantity, despite a slight increase in stock price during the reported period [1][2] - As of June 30, 2025, the number of shareholders for Silan Microelectronics is 261,849, which is a decrease of 23,883 shareholders or 8.36% compared to March 31, 2025 [1][2] - The average number of shares held per shareholder increased from 5,824.0 shares to 6,355.0 shares, with an average shareholding value of 157,700 yuan [1][2] Group 2 - In the semiconductor industry, Silan Microelectronics has a higher number of shareholders compared to the industry average, which is 44,100 shareholders [1] - The average shareholding value for A-share listed companies in the semiconductor industry is 578,400 yuan, which is significantly higher than that of Silan Microelectronics [1] - From March 31, 2025, to June 30, 2025, Silan Microelectronics experienced a stock price increase of 3.11%, while the number of shareholders decreased by 8.36% during the same period [1][2] Group 3 - During the period from March 31, 2025, to June 30, 2025, the net outflow of main funds for Silan Microelectronics was 745 million yuan, while retail investors saw a net inflow of 1.012 billion yuan [2]