记者｜彭新 编辑丨张伟贤 朱一明的故事始于一个近乎偏执的想法。 AI需求拉动存储芯片暴涨，超级周期下，中国存储芯片公司在二级市场受到追捧。 其中，A股上市公司兆易创新（603986.SH） 近一年股价涨幅超过115% ，截至2025年12月31日， 兆易创新市值已达1430.87亿元，是A股存 储行业屈指可数的千亿市值企业之一。 如今，兆易创新不仅是半导体板块的"压舱石"，更因其在全球NOR Flash（代码型闪存芯片）、SLC NAND Flash（单层单元闪存）、利基型 DRAM（动态随机存取内存）和微控制器（MCU）赛道的竞争力，成为国内存储芯片龙头企业。公开资料显示， 兆易创新是全球排名第一的 无晶圆厂Flash供应商，以及中国品牌排名第一的Arm通用型MCU供应商。 兆易创新由朱一明于2005年4月创立，2016年8月18日在主板挂牌上市，A股IPO发行价23.26元/股，募资总额约为5.82亿元。随后，兆易创新 开启资本扩张，不断壮大市场版图。2025年12月30日，兆易创新在港交所公告，拟全球发售2891.58万股H股，预期将于2026年1月13日开始在 香港联交所买卖。此外，兆易创新还通过设立 ...

Core Viewpoint - The storage market is entering an upward cycle, with the company experiencing growth in both volume and price of storage products, particularly in the Fabless chip sector, which is expected to benefit from increasing demand in various applications, including AI and automotive electronics [1][19]. Group 1: Company Overview - The company is a leading global Fabless chip supplier, established in 2005 and listed in 2016, focusing on a diverse range of products including Flash, niche DRAM, MCU, analog chips, and sensor chips [4][7]. - The company has achieved significant milestones, such as launching the first domestic SPI NOR Flash in 2008 and expanding its product line through acquisitions, enhancing its market position [4][7]. Group 2: Business Segments - The main business segments include storage chips, microcontrollers (MCUs), and sensor products, with storage chips being the largest revenue contributor, growing from 1.839 billion in 2018 to 5.194 billion in 2024 [9][10]. - The company has a comprehensive product line in NOR Flash, NAND Flash, and niche DRAM, with a focus on low voltage and low power consumption, catering to various applications such as industrial control and automotive electronics [7][9]. Group 3: Financial Performance - The company reported a revenue of 73.56 billion in 2024, with a year-on-year growth rate of 27.69%, and a net profit of 11.03 billion, reflecting a significant increase of 584.21% compared to the previous year [10][13]. - The gross margin has improved, reaching 38% in 2024, with a net profit margin of 16.17% in the first three quarters of 2025, indicating effective cost management and operational efficiency [13][10]. Group 4: Market Trends - The NOR Flash market is expected to grow significantly, driven by AI and automotive electronics, with projections indicating a market size of 4.2 billion by 2029, reflecting a compound annual growth rate of 8.4% [19][22]. - The company has rapidly increased its market share in the NOR Flash segment, becoming the second largest globally and the largest in mainland China, with a market share of 18.5% [22][19]. Group 5: Future Outlook - Revenue forecasts for 2025-2027 indicate continued growth, with total revenues expected to reach 94.23 billion, 119.46 billion, and 149.62 billion respectively, alongside net profits projected at 17.76 billion, 25.29 billion, and 31.68 billion [56][2]. - The company is well-positioned to capitalize on the growing demand for customized storage solutions, particularly in the context of AI applications and automotive electronics, which are expected to drive future growth [54][50].

AI需求拉动存储芯片暴涨，超级周期下，中国存储芯片公司在二级市场受到追捧。 其中，A股上市公司兆易创新（603986.SH）近一年股价涨幅超过115%，截至2025年12月31日，兆易创 新市值已达1430.87亿元，是A股存储行业屈指可数的千亿市值企业之一。 如今，兆易创新不仅是半导体板块的"压舱石"，更因其在全球NOR Flash（代码型闪存芯片）、SLC NAND Flash（单层单元闪存）、利基型DRAM（动态随机存取内存）和微控制器（MCU）赛道的竞争 力，成为国内存储芯片龙头企业。公开资料显示，兆易创新是全球排名第一的无晶圆厂Flash供应商， 以及中国品牌排名第一的Arm通用型MCU供应商。 兆易创新由朱一明于2005年4月创立，2016年8月18日在主板挂牌上市，A股IPO发行价23.26元/股，募资 总额约为5.82亿元。随后，兆易创新开启资本扩张，不断壮大市场版图。2025年12月30日，兆易创新在 港交所公告，拟全球发售2891.58万股H股，预期将于2026年1月13日开始在香港联交所买卖。此外，兆 易创新还通过设立基金入股行业明星项目长鑫科技。截至目前，朱一明同时担任兆易创新和长鑫科 ...

兆易创新（603986）科技集团股份有限公司市值1430.87亿元。 扬子晚报网1月4日讯(记者范晓林薄云峰)近日，长鑫科技集团股份有限公司(下称"长鑫科技")申报科创板IPO获交易所受理。这一次IPO拟募资295亿元，位 列科创板融资额历史第二，万亿市值并非遥不可及。 | 兆易创新 603986 沪圖V | | | | | | + Q 14 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 214.25 | | -5.97 -2.71% | | | | | | | 行业 > | | 半导体 -1.25% | 基金 | | 信创ETF富国 -0.72% > | | | | ミチ | 228.01 | 最高 | 228.88 | 成交额 | | | 77.41亿 | | 昨收 | 220.22 | 最低 | 212.58 | 市净率 | | | 7.86 | | 市值1 | 1430.87亿 换手 | | 5.31% | 下 /25 IVI | | | 105.70 | | 分时 周K | モ日 | 日K | | 月K | | 眉里 | | | 叠加 ...

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院移动游戏研究小组发布的《中国移动游戏行业市场前瞻与投资战 略规划分析报告》。 分析近五年来的中国集成电路行业融资事件数(数据截至2025年11月21日)，2021-2022年为行业融资高热 期，均突破1000起融资事件，2023年数量有所回落但总额升至1.15万亿元，2024年数量微降且总额腰斩至 5623.92亿元，2025年数量小幅回升至938起，总额为9110.51亿元。 融资事件汇总 2025年我国集成电路行业的主要融资事件如下： 行业主要上市公司：目前国内集成电路产业的上市公司主要有芯原股份(688521.SH);寒武纪(688256.SH); 概伦电子(688206.SH);北方华创(002371.SZ);中微公司(688012.SH);兆易创新(603986.SH);圣邦微电子 (300661.SZ);华虹集团(688347.SH);中芯国际(688981.SH/00981.HK);长电科技(600584.SH);通富微电 (002156.SZ)等。 本文核心数据：融资事件数;融资总量 1、中国集成电路行业投融资现状 融资事件情况 图表2： ...

Group 1 - Wallen Technology (6082.HK) is listed today, marking a significant event in the market [1] - Other companies available for subscription include: Zhaoyi Innovation (3986.HK), Reborn Bio-B (6938.HK), BBSB International (8610.HK), Minimax-WP (0100.HK), Hongxing Cold Chain (1641.HK), Jinxun Resources (3636.HK), OmniVision Technologies (0501.HK), TianShu Intelligent Chip (9903.HK), Jingfeng Medical-B (2675.HK), and Zhiyu (2513.HK) [1]

继2025年10月完成IPO辅导验收，国产DRAM存储大厂长鑫科技集团股份有限公司（下称"长鑫科技"）递交科创板上市申请，12月30日最新状态为 已经受理，并已获预先审阅，答复了两轮问询。 （原标题：国产DRAM存储大厂长鑫科技登陆科创板IPO申请获受理?2025年净利润有望扭亏为盈） 本次长鑫科技拟公开发行人民币普通股（A股）不超过106.22亿股，计划募集资金高达295亿元，用于存储器晶圆制造量产线技术升级改造项目、 DRAM存储器技术升级项目、动态随机存取存储器前瞻技术研究与开发项目。 2025年下半年业绩好转 2022年至2024年，长鑫科技营业收入复合增长率为70.81%，截至2025年6月30日，公司累计亏损408.57亿元。随着公司产销规模的持续增长、产品 结构的持续优化，以及2025年下半年以来DRAM产品价格的快速上涨，公司营业收入迅速增长。 2025年1—9月公司营业收入320.84亿元，同比接近翻倍；归母净利润-52.8亿元，同比略微减亏；经营活动产生的现金流量净额同比增长近5倍。截 至2025年6月30日，公司资产负债率为57.65%。 据预测，2025年公司营业收入将达到550亿元至 ...

今年港股市场的半导体概念股表现亮眼，中芯国际（00981.HK）、华虹半导体（01347.HK）、英诺赛科（02577.HK）等多股实现翻倍飙涨。 而在另一边，还有更多半导体企业涌向港股市场。最新消息显示，来自A股市场的半导体龙头兆易创新（03986.HK）已经在港股市场启动了招股。 具体来看，此次兆易创新拟全球发售约2891.58万股H股（视乎发售量调整权及超额配股权行使与否而定），采用B机制发行。其中，香港公开发售 289.16万股，占约10%，国际发售2602.42万股，占约90%，另有约15%超额配股权。 发售价为每股132-162港元，假设超额配股权未获行使，以定价区间中值147港元计算，预期募集资金净额为约41.81亿港元。其中，约40%将用于持续提 升公司的研发能力；约35%用于战略性行业相关投资及收购；约9%用于全球战略扩张及加强全球影响力，包括加强全球营销与服务网络；约6%用于提 高营运效率；剩余约10%被分配至营运资金及其他一般企业用途。 兆易创新的招股期为12月31日至2026年1月8日，预期将于2026年1月13日上市，每手100股，入场费为16363.38港元。 值得注意的是，作为业 ...

Group 1 - The core viewpoint of the news is that兆易创新 has shown significant stock performance and financial growth in 2025, with a notable increase in revenue and net profit compared to the previous year [2][3] - As of December 31, 2025, the stock price of 兆易创新 increased by 111.09% year-to-date, with a market capitalization of 1500.86 billion yuan [1] - The company has been actively traded, with a recent trading volume of 31.49 billion yuan and a turnover rate of 2.13% [1] Group 2 - 兆易创新's main business involves the research, sales, and technical support of integrated circuit storage chips, with storage chips accounting for 68.55% of its revenue [2] - For the period from January to September 2025, the company achieved an operating income of 68.32 billion yuan, representing a year-on-year growth of 20.92%, and a net profit attributable to shareholders of 10.83 billion yuan, up 30.18% year-on-year [2] - The company has distributed a total of 19.48 billion yuan in dividends since its A-share listing, with 6.39 billion yuan distributed in the last three years [3] Group 3 - As of September 30, 2025, the number of shareholders of 兆易创新 increased to 157,500, reflecting a growth of 14.31% [2] - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the second-largest shareholder, holding 30.29 million shares [3] - The company is categorized under the electronic-semiconductor-digital chip design industry and is involved in various concept sectors including analog chips and automotive electronics [2]

Summary of Key Points Core Viewpoint - As of December 30, the total market financing balance reached 2.54 trillion yuan, reflecting a slight increase from the previous trading day, indicating ongoing investor interest in the market [1]. Financing Balances - The financing balance for the Shanghai Stock Exchange was 1.28 trillion yuan, up by 43.20 million yuan, while the Shenzhen Stock Exchange saw a decrease of 6.16 million yuan to 1.25 trillion yuan. The Beijing Stock Exchange's financing balance decreased by 2.17 million yuan to 79.91 million yuan [1]. Individual Stock Performance - On December 30, 1,835 stocks received net financing purchases, with 508 stocks having net purchases exceeding 10 million yuan. Notably, 37 stocks had net purchases over 100 million yuan, with C Qiang Yi leading at 549.13 million yuan [1][2]. - Other significant net purchases included Sanhua Intelligent Controls at 376.82 million yuan and Zhaoyi Innovation at 265.87 million yuan [2]. Industry Analysis - The industries with the highest concentration of stocks receiving net financing purchases over 100 million yuan were electronics, machinery, and defense, with 11, 5, and 3 stocks respectively [1]. - The distribution of large net purchase stocks included 23 from the main board, 9 from the ChiNext board, and 5 from the Sci-Tech Innovation board [1]. Financing Balance to Market Value Ratio - The average ratio of financing balance to market value for stocks with significant net purchases was 4.78%. C Qiang Yi had the highest ratio at 9.98%, followed by Dianguang Media at 9.51% and Xichuang Data at 8.38% [2].