当汽车、光伏等行业相继召开座谈会，明确指向产业的无序竞争时，作为战略性新兴产业的半导体，却 尚未公开传来类似"反内卷"的行业呼声。 表面的"沉默"，并非意味着风平浪静。智通财经记者在与多位业内人士和分析机构交流后发现，国产半 导体产业正面临一种特殊的"非典型内卷"。它并非传统意义上的全面产能过剩，而是一种结构性失衡： 真正技术过关的优质产能供不应求，而一些低水平、同质化的无效产能却在加剧市场的竞争过剩。 内卷的"浅水区"与紧缺的优质产能 中国半导体产业的扩张速度，数据可以直观体现。 国际半导体产业协会(SEMI)数据显示，2024年中国大陆芯片制造商产能增长15%，达每月885万片晶 圆。这一增长得益于18座新建半导体晶圆厂的投产，推动全球同年产能扩张6%。同时，根据TrendForce 调查，受国产化浪潮影响，2025年国内晶圆代工厂将成为成熟制程增量主力，预估2025年全球前十大成 熟制程代工厂的产能将提升6%，但价格走势将受压制。 在此情况下，天通股份(600330.SH)甚至在投资者平台公开表示，"由于碳化硅市场出现内卷局面，公司 暂停该项目。" 破局之路：从价格战转向"技术定义" 面对低水平竞争的困 ...

Group 1 - The A-share market showed mixed performance on August 14, with the Shanghai Composite Index rising by 0.43%, driven by gains in the real estate, non-bank financial, and food and beverage sectors, while defense and comprehensive sectors lagged behind [1] - The semiconductor sector, particularly chip technology stocks, performed strongly, with the Chip ETF (159995.SZ) increasing by 2.75% and notable individual stock performances including Haiguang Information up by 8.35% and Cambrian up by 7.21% [1] - TSMC projected that the global semiconductor market will reach a size of $1 trillion by 2030, with AI leading a new growth cycle, and HPC/AI terminal markets expected to account for 45% of the semiconductor market by that year [1] Group 2 - Guosheng Securities highlighted the opportunities in the domestic advanced packaging supply chain, noting that advanced packaging technology is driving an upgrade in the global testing and packaging industry, particularly due to strong demand from HPC and AI [1] - The domestic integrated circuit manufacturing and packaging processes have seen continuous breakthroughs and improvements in technology levels, with local equipment and material suppliers accelerating product development and customer integration [1] - The Chip ETF (159995) tracks the Guozheng Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC and Cambrian [2]

智通财经8月14日讯（记者 王碧微）当汽车、光伏等行业相继召开座谈会，明确指向产业的无序竞争 时，作为战略性新兴产业的半导体，却尚未公开传来类似"反内卷"的行业呼声。 表面的"沉默"，并非意味着风平浪静。智通财经记者在与多位业内人士和分析机构交流后发现，国产半 导体产业正面临一种特殊的"非典型内卷"。它并非传统意义上的全面产能过剩，而是一种结构性失衡： 真正技术过关的优质产能供不应求，而一些低水平、同质化的无效产能却在加剧市场的竞争过剩。 内卷的"浅水区"与紧缺的优质产能 "国内半导体的'内卷'是竞争过剩，但不是产能过剩。"芯谋研究方面告诉智通财经记者，"具体来说是低 水平竞争过剩，导致不合格产能重复建设、人才内耗等，但高质量产能严重不足。" 高端产能方面，芯谋研究指出，技术过关的晶圆厂已处于满负荷运转。根据中芯国际（688981.SH）业 绩会，2025年一季度，其产能利用率已回升至89.6%；华虹半导体（01347.HK）也在"致股东的信"中表 示2024年公司平均产能利用率接近满产。 CINNO Research研究总监刘雨实告诉智通财经记者，半导体行业内卷主要集中于技术同质化严重、产 能扩张失衡、产业 ...

Market Overview - The semiconductor sector increased by 1.04% on August 13, with Zhongchuan Special Gas leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers in Semiconductor Sector - Zhongchuan Special Gas (688146) closed at 44.86, up 20.01% with a trading volume of 310,400 shares and a transaction value of 1.376 billion [1] - Sawing Wall Technology (688270) closed at 68.51, up 15.63% with a trading volume of 262,800 shares [1] - Shanghai HePin (688584) closed at 26.18, up 14.52% with a trading volume of 431,000 shares [1] - Liyang Chip (688135) closed at 24.40, up 14.23% with a trading volume of 183,600 shares [1] Decliners in Semiconductor Sector - Juguang Technology (688167) closed at 100.20, down 3.65% with a trading volume of 62,400 shares [2] - Xindao Technology (688230) closed at 72.71, down 2.56% with a trading volume of 32,900 shares [2] - Jinghua Micro (688130) closed at 25.52, down 2.48% with a trading volume of 52,800 shares [2] Capital Flow Analysis - The semiconductor sector experienced a net outflow of 2.551 billion from institutional investors, while retail investors saw a net inflow of 2.53 billion [2] - The net inflow from speculative funds was 20.592 million [2] Individual Stock Capital Flow - Haowei Group (603501) had a net inflow of 476 million from institutional investors, while it faced a net outflow of 240 million from speculative funds [3] - Ziguang Guowei (002049) saw a net inflow of 199 million from institutional investors, with a net outflow of 85.01 million from speculative funds [3] - Long Electric Technology (600584) had a net inflow of 169 million from institutional investors, with a net outflow of 39.93 million from speculative funds [3]

Core Viewpoint - The semiconductor industry in A-shares is experiencing a downturn due to the cyclical nature of the sector and slow recovery in consumer electronics demand, leading to widespread declines in net profits among listed companies. However, some leading firms have shown signs of recovery in the second quarter, driven by sectors like artificial intelligence, automotive electronics, and power grids. Group 1: Semiconductor Design Companies - Chip design companies are accelerating inventory reduction, with many reporting a decline in performance in the first half of the year, but some have stabilized and shown growth in the second quarter [2][3] - Rockchip, a leader in AIoT chips, expects revenue of approximately 858 million yuan, a year-on-year decrease of about 31%, but a sequential growth of around 60% in the second quarter [2] - GigaDevice, a leader in Nor Flash memory, anticipates a net profit of about 340 million yuan, down over 70% year-on-year, but with a nearly 30% increase from the first quarter [2] Group 2: Fingerprint Recognition and Wireless Chip Companies - Goodix, a leader in fingerprint recognition chips, expects revenue of about 2.02 billion yuan, a year-on-year increase of approximately 10.5%, but a net loss of about 137 million yuan [3] - Broadcom Integrated anticipates a net loss of between 64.8 million and 43.3 million yuan for the first half of 2023, with some improvement in the second quarter [3] - Zhaoxin Microelectronics, heavily reliant on the mobile market, expects a revenue decline of 25.48% year-on-year, with a net profit decrease of 50.01% to 55.06% [3] Group 3: Packaging and Testing Companies - Packaging and testing companies are showing significant sequential growth, with Tongfu Microelectronics reporting revenue of approximately 9.909 billion yuan, a year-on-year increase of 3.58%, but a net loss of 17 to 19.8 million yuan [7] - Longji Technology, a leading packaging and testing company, expects a net profit of 446 to 546 million yuan, a year-on-year decrease of 64.65% to 71.08%, but a significant increase in the second quarter [8] - Crystal Technology anticipates a net profit of 70 to 80 million yuan, a year-on-year decline of 58.11% to 63.35%, but expects to double its profit in the second quarter compared to the first [9] Group 4: Equipment Companies - Despite the overall semiconductor sector being in a downturn, equipment companies are experiencing rapid growth, with North Huachuang reporting revenue of 7.82 to 8.95 billion yuan, a year-on-year increase of 43.65% to 64.41% [10] - Zhongwei Company, a leader in etching equipment, expects revenue of approximately 2.527 billion yuan, a year-on-year increase of about 28.13%, with a net profit increase of 109.49% to 120.18% [11] - Wan Ye Enterprises is increasing its focus on integrated circuits, expecting a net profit of about 118 million yuan, a year-on-year increase of approximately 316% [12]

格隆汇8月12日｜Wind数据显示，按变动截止日期为基准，8月11日，1股获重要股东增持，鑫科材料获 重要股东增持158.55万股，增持金额为543.79万元。14家上市公司股票遭重要股东减持，瑞芯微遭重要 股东减持113.58万股，减持金额为1.83亿元。 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2025-059 瑞芯微电子股份有限公司 股东提前终止减持计划暨减持股份结果公告 ● 大股东持股的基本情况 本次减持计划实施前，厦门市润科欣投资管理合伙企业（有限合伙）（以下简称"润科欣"）持有瑞芯微 电子股份有限公司（以下简称"公司"）股份28,268,940股，占当时公司总股本的6.75%。 ● 减持计划的实施结果情况 上述减持主体无一致行动人。 二、减持计划的实施结果 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 2025年5月21日，公司披露了《瑞芯微电子股份有限公司股东减持股份计划公告》（公告编号：2025- 044），润科欣计划以集中竞价和/或大宗交易方式减持公司股份合计不超过8,378,000股，即不超过公司 股份总数的2%。其中，在任意连续90日内，通过集中竞价方式减持股份的总数不超过公司总股本的 1%；通过大宗交易方式减持股份的总数不超过公司总股本的2%。 在本次减持计划实施期间，润科欣于2025年6月13日-2025年8月11日 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2025-059 划公告》（公告编号：2025-044），润科欣计划以集中竞价和/或大宗交易方式减 持公司股份合计不超过 8,378,000 股，即不超过公司股份总数的 2%。其中，在任 意连续 90 日内，通过集中竞价方式减持股份的总数不超过公司总股本的 1%；通 过大宗交易方式减持股份的总数不超过公司总股本的 2%。 在本次减持计划实施期间，润科欣于 2025 年 6 月 13 日-2025 年 8 月 11 日通 过集中竞价和大宗交易方式累计减持公司股份 8,368,300 股，占公司目前总股本 的 1.99%，润科欣决定提前终止本次减持计划。截至本公告披露日，润科欣持有 公司股份 19,900,640 股，占公司目前总股本的 4.73%。 一、减持主体减持前基本情况 | 股东名称 厦门市润科欣投资管理合伙企业（有限合伙） | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 控股股东、实控人及一致行动人 | | | | □是 | | √否 | | | 直接持股 5%以上 ...

瑞芯微8月11日大宗交易平台共发生2笔成交，合计成交量105.38万股，成交金额1.49亿元。成交价格均 为141.03元，相对今日收盘价折价12.05%。从参与大宗交易营业部来看，机构专用席位共出现在1笔成 交的买方或卖方营业部中，合计成交金额为211.55万元，净买入211.55万元。 进一步统计，近3个月内该股累计发生56笔大宗交易，合计成交金额为6.08亿元。 证券时报·数据宝统计显示，瑞芯微今日收盘价为160.36元，上涨2.34%，日换手率为1.60%，成交额为 10.78亿元，全天主力资金净流入672.25万元，近5日该股累计下跌1.60%，近5日资金合计净流出3.16亿 元。 两融数据显示，该股最新融资余额为13.61亿元，近5日减少1.05亿元，降幅为7.17%。（数据宝） 8月11日瑞芯微大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 103.88 | ...

格隆汇8月11日丨瑞芯微(603893.SH)公布，在本次减持计划实施期间，润科欣于2025年6月13日-2025年8 月11日通过集中竞价和大宗交易方式累计减持公司股份8,368,300股，占公司目前总股本的1.99%，润科 欣决定提前终止本次减持计划。截至本公告披露日，润科欣持有公司股份19,900,640股，占公司目前总 股本的4.73%。 ...