格隆汇1月21日｜江化微公告，公司股票于2026年1月20日、1月21日连续2个交易日内收盘价格涨幅偏离 值累计超过20%，属于股票交易异常波动。公司控股股东淄博星恒途松拟将其持有的公司股票9238.23 万股转让给上海福迅科技，占公司总股本的23.96%。本次股份转让完成后，公司控股股东将由淄博星 恒途松变更为上海福迅科技，实际控制人将由淄博市财政局变更为上海市国有资产监督管理委员会。截 至本报告披露日，该事项正在推进中，能否最终完成实施以及上述事项的完成时间尚存在不确定性。 ...

江化微公告，公司股票于2026年1月20日、1月21日连续2个交易日内收盘价格涨幅偏离值累计超过 20%，属于股票交易异常波动。公司控股股东淄博星恒途松拟将其持有的公司股票9238.23万股转让给 上海福迅科技，占公司总股本的23.96%。本次股份转让完成后，公司控股股东将由淄博星恒途松变更 为上海福迅科技，实际控制人将由淄博市财政局变更为上海市国有资产监督管理委员会。截至本报告披 露日，该事项正在推进中，能否最终完成实施以及上述事项的完成时间尚存在不确定性。 ...

Market Overview - A total of 79 stocks hit the daily limit, with a limit-up rate of 76% and a trading volume of 2.6 trillion yuan, down 177.1 billion yuan from the previous trading day [1] - The Shanghai Composite Index rose by 0.08%, the Shenzhen Component Index increased by 0.7%, and the ChiNext Index gained 0.54% [1] Stock Performance - Fenglong Co. achieved a record 16 consecutive limit-ups, while Guodian Electric and Sichuan Gold also showed strong performance with 4 and 3 consecutive limit-ups, respectively [1][3] - The overall limit-up rate for stocks with three or more consecutive limit-ups dropped to 23.08%, with only three stocks achieving this feat [3] Sector Analysis - The gold, oil and gas, semiconductor, and computing hardware sectors led the market, while banking, coal, liquor, and home appliance sectors experienced declines [1] - The semiconductor industry continues to see price increases, with Intel and AMD planning to raise server CPU prices by 10%-15%, and DRAM prices expected to rise by 60%-70% in Q1 [5] - The gold and silver markets are experiencing significant gains, with gold prices surpassing $4800 per ounce and silver reaching $95 per ounce, leading to strong performances in related stocks [8][14] Emerging Trends - The AI application sector is gaining traction, with companies like Liou Co. facing significant selling pressure, while others like Tian Di Online are seeing positive momentum [6][30] - The domestic medical device sector is also active, particularly in surgical robots, following new pricing guidelines from the National Healthcare Security Administration [7] Investment Opportunities - The computing hardware sector is benefiting from accelerated domestic computing infrastructure development, with stocks like Maigemi and Hongsheng Co. reaching new highs [6] - The semiconductor supply chain remains hot, with companies like Tongfu Microelectronics and Huada Technology hitting limit-ups [5] Future Outlook - The market is stabilizing with a rebound in hard technology sectors, and the ChiNext Index has shown significant gains [1] - The overall market sentiment is cautious, but the potential for short-term rebounds exists as the Shanghai Composite Index has recently crossed above its 5-day moving average [1]

Group 1 - The electronic chemicals sector increased by 1.65% on January 21, with Jianghuai Micro leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Jianghuai Micro's stock price rose by 10.02% to 25.92, with a trading volume of 16,900 lots and a transaction value of approximately 43.68 million yuan [1] Group 2 - The electronic chemicals sector saw a net inflow of 878 million yuan from institutional investors, while retail investors experienced a net outflow of 643 million yuan [2] - The trading data indicates that Zhongshi Technology and Jingrui Electric Materials had significant price increases of 8.64% and 7.07%, respectively [1][2] - The overall trading volume for the electronic chemicals sector was substantial, with notable transactions in stocks like Zhongshi Technology, which had a transaction value of 1.597 billion yuan [1][2] Group 3 - The main net inflow for Jingrui Electric Materials was 387 million yuan, while it faced a net outflow of 225 million yuan from retail investors [3] - Zhongshi Technology had a net inflow of 130 million yuan from institutional investors, with a net outflow of 81.98 million yuan from retail investors [3] - The data reflects a mixed sentiment in the electronic chemicals sector, with some stocks attracting institutional interest while others faced retail selling pressure [3]

Core Viewpoint - The electronic sector in the A-share market has experienced a significant surge, with many stocks hitting the daily limit up, indicating strong investor interest and potential growth in this industry [1][6]. A-Share Market Performance - The A-share market showed an overall upward trend, with major indices rising to varying degrees. The ChiNext Index rose over 1.5%, and the Sci-Tech 50 Index increased by more than 4% [4]. - Specific indices and their performance include: - Shanghai Composite Index: 4120.10, up 0.16% [5] - Shenzhen Component Index: 14263.20, up 0.76% [5] - ChiNext Index: 3306.00, up 0.85% [5] Electronic Sector Highlights - The electronic sector led the market with a rise of over 2.8%, with several stocks reaching their daily limit up. Notable performers include: - Longxin Zhongke: 177.72, up 20% [7] - Zhongrong Electric: 143.40, up 20% [7] - Other stocks like Jiahua Technology and Jianghua Microelectronics also saw significant gains [6]. Lithium Mining Sector - The lithium mining sector experienced a substantial increase, with the sector rising over 2%. Stocks such as Dazhong Mining and Weicheng Mining hit their daily limit up. The rise was supported by a significant increase in domestic lithium carbonate futures, with the main contract rising over 6% [8]. New Stock Performance - A new stock, Aisheren, was listed today and saw a remarkable increase of over 200% during trading [12]. The company focuses on medical health, specializing in disposable medical supplies for rehabilitation and medical protection [13]. Hong Kong Market Activity - The Hong Kong market experienced low-level fluctuations, with the stock of Skyworth Group surging over 40% during trading, driven by positive news [2][16].

Market Performance - The three major indices opened lower but rose throughout the day, with the Shenzhen Component Index and the ChiNext Index both rising over 1% at one point [1] - As of the midday close, the Shanghai Composite Index increased by 0.16%, the Shenzhen Component Index by 0.76%, and the ChiNext Index by 0.85% [1] Sector Performance - The semiconductor sector showed strong performance, with stocks such as Longxin Technology, Jianghua Micro, and Huatiankeji hitting the daily limit [1] - The gold concept continued its strong trend, with stocks like Zhaojin Mining, Silver Base, and Hunan Silver also reaching the daily limit [1] - The CPO concept saw gains, with Tongfu Microelectronics and Guanghe Technology hitting the daily limit [1] - The lithium mining sector was strong, with stocks like Dazhong Mining and Shengxin Lithium Energy reaching the daily limit [1] - The storage chip concept was active, with stocks such as Zhizheng Co. and Yingfang Micro also hitting the daily limit [1] - The glass substrate concept experienced fluctuations but ultimately rose, with stocks like Woge Optoelectronics and Maigemeite reaching the daily limit [1] Overall Sector Trends - The healthcare, non-ferrous metals, semiconductor, and components sectors had the largest gains [1] - Conversely, the coal, tourism, liquor, and hotel catering sectors experienced the largest declines [1]

Core Viewpoint - The semiconductor sector is experiencing a strong performance driven by geopolitical tensions, which provide a window for domestic semiconductor alternatives, particularly in advanced packaging and memory chip concepts [1] Group 1: Market Performance - The semiconductor sector saw significant gains on the 21st, with notable performances from companies such as Longxin Zhongke, which hit a 20% limit up, and Haiguang Information, which rose over 13% to reach a new high [1] - Jianghua Microelectronics achieved a consecutive three-day limit up, while companies like Lanke Technology and Tongfu Microelectronics increased by over 8% [1] Group 2: Industry Insights - CITIC Securities pointed out that geopolitical friction is creating opportunities for domestic semiconductor alternatives, with companies like Huawei, Cambricon, and Haiguang rapidly improving the performance of next-generation computing chips and cabinets [1] - The demand surge for AI and supply-side contractions are contributing to a price increase in memory chips, leading to a performance explosion for global memory industry chain enterprises [1] Group 3: Investment Opportunities - The construction of memory production lines and the increase in domestic production rates are expected to accelerate, presenting investment opportunities in supporting semiconductor equipment and packaging sectors within the domestic memory chain [1] - As the logic of domestic substitution strengthens and memory capacity expands, a new capital expenditure cycle is anticipated, benefiting domestic equipment, components, and materials significantly [1]

Group 1 - The A-share market opened lower on January 21, but all four major indices turned positive, with the Sci-Tech Innovation Index rising over 1% [1] - Domestic chip stocks experienced significant gains, with Longxin Zhongke (688047) hitting the daily limit of 20%, and companies like China Great Wall and Jianghua Microelectronics also reaching their daily limits [1][2] - Haiguang Information saw a rise of over 14% during trading, while Tongfu Microelectronics and Hualing Co. also reported increases [1] Group 2 - Overnight, U.S. storage chip stocks surged, with SanDisk rising over 9% to reach a new historical high [3] - Micron Technology executives indicated that the shortage of storage chips has accelerated significantly over the past quarter, driven by surging demand for high-end semiconductors due to AI infrastructure [3] - A report from Counterpoint Research noted that the storage market has surpassed its historical peak from 2018, with suppliers' bargaining power at an all-time high, and prices expected to rise by 40% to 50% in Q1 2026, followed by an additional 20% increase in Q2 [3]

长江商报消息 ●长江商报记者 徐佳 国内首家上市的专业湿电子化学品企业江化微（603078.SH）即将迎来上海国资入主。 1月19日晚间，江化微披露股东权益变动，公司控股股东淄博星恒途松控股有限公司（以下简称"淄博星恒途松"） 拟将其持有的公司9238.23万股，作价18.48亿元转让给上海福迅科技有限公司（以下简称"上海福迅科技"），锁定 期达60个月。 本次股份转让完成后，江化微的控股股东将由淄博星恒途松变更为上海福迅科技，实际控制人将由淄博市财政局 变更为上海市国资委。 长江商报记者注意到，为维持控制权及管理权稳定，上海国资将锁定期设定为60个月，且江化微董事长兼总经理 殷福华承诺五年内不得从江化微主动离职。 披露易主消息之后，1月20日，江化微股价一字涨停，报收23.56元/股，涨幅9.99%。2026年以来，江化微股价累 计上涨近32%。 上海福迅科技方面表示，其将充分发挥产业协同，为上市公司业务发展赋能，进一步增强上市公司产业竞争力与 盈利能力，提升上市公司价值。 拟易主上海国资 根据交易方案，江化微的控股股东淄博星恒途松拟将其持有的公司股票9238.23万股，转让给上海福迅科技，转让 价格为20 ...

Group 1 - Jiangyin Jianghua Microelectronics Materials Co., Ltd. (referred to as "Jianghua Micro") announced that its controlling shareholder, Zibo Xingheng Tusheng Holdings Co., Ltd. (referred to as "Zibo Xingheng"), signed a share transfer agreement with Shanghai Fuxun Technology Co., Ltd. (referred to as "Shanghai Fuxun") on January 19, 2023, to transfer 92.38 million shares at a price of 20 yuan per share, totaling 1.848 billion yuan [1] - After the transfer, Shanghai Fuxun will hold 23.96% of Jianghua Micro's shares, becoming the controlling shareholder, with the actual controller changing from Zibo Finance Bureau to Shanghai State-owned Assets Supervision and Administration Commission (referred to as "Shanghai SASAC") [1] - Shanghai Fuxun was established on January 13, 2026, with a registered capital of 1 million yuan, and is a limited liability company controlled by state-owned assets [1] Group 2 - The acquisition structure allows for transaction isolation and risk management, facilitating future equity management and industrial integration of the target company [2] - The funding arrangements and operational model of the transaction comply with current laws and regulations, aligning with conventional practices in capital market mergers and acquisitions [2] - Jianghua Micro is a leading company in the domestic wet electronic chemicals industry, specializing in the research, production, and sales of ultra-pure high-purity reagents and photoresist supporting reagents, primarily used in semiconductor chips, display panels, and solar cells [2] Group 3 - Zibo Xingheng has committed to coordinating with the second-largest shareholder, Yin Fuhua, to ensure that Yin recognizes and maintains Shanghai Fuxun's position as the largest shareholder after the transfer of control [3] - Yin Fuhua and related parties are prohibited from engaging in similar business activities as Jianghua Micro and must not solicit company employees [3] - With the entry of state-owned assets, Jianghua Micro is expected to transform from a private sector leader into a platform for the integration of Shanghai's semiconductor materials, benefiting from stronger customer connections within the Shanghai Huayi system [3]