Group 1 - The semiconductor sector experienced a rise of 2.09% on January 14, with NAIKE Equipment leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] - Notable gainers in the semiconductor sector included NAIKE Equipment, which rose by 15.90% to a closing price of 39.15, and Canaan Creative, which increased by 14.82% to 138.12 [1] Group 2 - The semiconductor sector saw a net outflow of 4.696 billion yuan from institutional investors, while retail investors contributed a net inflow of 4.183 billion yuan [3][4] - Major stocks with significant net inflows from retail investors included NAIKE Equipment and Longxin Technology, while institutional investors showed net outflows for these stocks [4] - The trading volume for NAIKE Equipment reached 109,500 hands, with a transaction amount of 423 million yuan [1] Group 3 - The Consumer Electronics ETF (product code: 159732) tracked the Guozheng Consumer Electronics Theme Index and experienced a 4.19% change over the last five days [6] - The ETF's price-to-earnings ratio stands at 47.57, with a recent reduction in shares by 32 million, resulting in a net redemption of 37.71 million yuan [6]

Core Viewpoint - The first pre-profit report from the A-share storage chip industry confirms the ongoing price surge in the market, providing key performance validation for the sector [1]. Group 1: Market Performance - Following the positive earnings report, A-share storage chip stocks experienced a surge, with multiple stocks hitting the daily limit up [2]. - Key stocks such as Liujin Technology, Hongxiang Co., Sanwei Tiandi, Jiayuan Technology, and Hanshuo Technology all reached their daily limit, reflecting strong market enthusiasm [2][3]. - In the Hong Kong market, semiconductor stocks like Huahong Semiconductor and Zhongxin International also showed active performance, with several stocks rising [4]. Group 2: Company Earnings - Baiwei Storage announced a significant increase in its 2025 annual performance, with expected revenue between 10 billion to 12 billion yuan, representing a year-on-year growth of 49.36% to 79.23% [7]. - The net profit attributable to the parent company is projected to be between 850 million to 1 billion yuan, with a staggering year-on-year increase of 427.19% to 520.22% [7]. - The fourth quarter is expected to show particularly strong performance, with revenue anticipated to be between 3.4 billion to 5.4 billion yuan, reflecting a year-on-year growth of 105.09% to 224.85% [7]. Group 3: Industry Trends - The current surge in the storage chip market is driven by the AI boom, leading to a significant increase in demand for high-end storage chips [8]. - Price increases for various types of memory chips are substantial, with DDR4 16Gb prices rising by 1800% and DDR5 16Gb by 500% [8]. - Major manufacturers are accelerating production expansion in response to the price surge, with Micron Technology investing approximately 100 billion USD in a new facility [9]. Group 4: Future Outlook - The storage market is entering a "super bull market" phase, with expectations of price increases of 40% to 50% in the first quarter of 2026 [10]. - The semiconductor market is anticipated to remain in a long-term upward cycle, driven by AI infrastructure demand, potentially lasting until 2027 [10]. - Industry leaders agree on a long-term tight balance between supply and demand, with expectations of continued shortages in the DRAM market until at least 2028 [9][10].

Core Viewpoint - The first pre-profit report from the A-share storage chip industry confirms the ongoing price surge in the market, providing key performance validation for the sector [1]. Group 1: Market Performance - Following the release of the pre-profit report, A-share storage chip stocks experienced a surge, with multiple stocks hitting the daily limit up [2]. - Key stocks such as Liujin Technology, Hongxiang Co., and Sanwei Tiandi all saw significant price increases, with Liujin Technology rising by 29.98% to 13.57 [3]. - In the Hong Kong market, semiconductor stocks also showed strong performance, with companies like Huahong Semiconductor and Zhongxin International seeing notable gains [4]. Group 2: Company Performance - Baiwei Storage announced a substantial increase in its 2025 annual revenue, projecting between 10 billion to 12 billion yuan, representing a year-on-year growth of 49.36% to 79.23% [7]. - The net profit attributable to the parent company is expected to reach between 850 million to 1 billion yuan, reflecting an astonishing increase of 427.19% to 520.22% year-on-year [7]. - The fourth quarter is particularly noteworthy, with revenue expected to be between 3.4 billion to 5.4 billion yuan, showing a year-on-year growth of 105.09% to 224.85% [7]. Group 3: Industry Trends - The current surge in the storage chip market is driven by the AI boom, leading to a significant increase in demand for high-end storage chips [8]. - Price increases for various memory chips are substantial, with DDR4 16Gb prices rising by 1800% and DDR5 16Gb by 500% [8]. - Major manufacturers are accelerating production expansion, with Micron Technology investing approximately 100 billion USD in a new facility [9]. Group 4: Future Outlook - The storage market is entering a "super bull market" phase, with prices expected to rise by 40% to 50% in Q1 2026 and an additional 20% in Q2 [10]. - The semiconductor market is anticipated to remain in a prolonged upward cycle, driven by AI infrastructure demand, lasting at least until 2027 [10]. - The supply-demand balance for DRAM is expected to remain tight, with significant shortages projected to persist until at least 2028 [9].

Group 1 - The Chinese storage chip industry is experiencing a surge in capital market activities, with companies like Zhaoyi Innovation successfully listing on the Hong Kong Stock Exchange, achieving an "A+H" dual capital layout [1][2] - Other companies such as Unisoc, Xincheng Technology, Hongxin Yu, and Dapu Micro are also pursuing listings through various capital markets, reflecting a broader trend of domestic storage manufacturers accelerating their technological breakthroughs and capitalizations [1][2] - The growth in the industry is driven by emerging demands from sectors like artificial intelligence (AI) and automotive electronics, indicating a high growth potential for the storage industry in China [1] Group 2 - Zhaoyi Innovation's market performance on its first day of trading showed a significant increase, with an opening price of 235 HKD per share, up 45.06% from the issue price, leading to a total market capitalization exceeding 310 billion RMB [2] - The company raised approximately 4.68 billion HKD through its global offering, with net proceeds of about 4.61 billion HKD, which will be used to enhance R&D capabilities, strategic investments, and global expansion [3][5] - Zhaoyi Innovation reported a revenue of 6.83 billion RMB for the first three quarters of 2025, marking a year-on-year increase of 20.92%, and a net profit of 1.08 billion RMB, up 29.59% [5] Group 3 - Unisoc has initiated its IPO preparation targeting the Beijing Stock Exchange, marking a strategic shift from the previous trend of semiconductor companies opting for the Sci-Tech Innovation Board [6][10] - The company has a history dating back to 2004 and has undergone several transformations, with its current focus on storage technology and integrated circuit design [12] - Unisoc's revenue has shown growth, with figures of 914 million RMB in 2023, 1.21 billion RMB in 2024, and 750 million RMB in the first half of 2025, indicating a recovery trajectory [12] Group 4 - Xincheng Technology, which previously attempted to list on the ChiNext board, is now pursuing an IPO on the Hong Kong Stock Exchange, reflecting a strategic pivot in its market approach [14][17] - The company specializes in general-purpose chips, with a focus on code-type flash memory chips and a diverse product line that includes analog chips and microcontrollers [17] - Xincheng Technology reported revenues of 663 million RMB in 2023, 442 million RMB in 2024, and 379 million RMB in the first three quarters of 2025, with a turnaround to profitability in 2025 [17] Group 5 - Hongxin Yu has submitted its listing application to the Hong Kong Stock Exchange, focusing on storage chip products with applications in consumer electronics and automotive electronics [19][22] - The company has established itself in the supply chains of major consumer electronics brands and is expanding into automotive electronics, with expectations for mass production of enterprise-level storage products by 2026 [22] - Hongxin Yu's revenue remained stable, with figures of 8.78 billion RMB in 2023, 8.72 billion RMB in 2024, and 7.74 billion RMB in the first three quarters of 2025, achieving profitability in 2024 [22] Group 6 - Dapu Micro has reached the "registration stage" for its IPO on the ChiNext board, focusing on enterprise-level SSD products for data centers [24][25] - The company has a strong market presence, with a reported compound annual growth rate of 57.66% in its main business revenue from 2022 to 2024, and a projected revenue of 961 million RMB in 2024 [26] - Dapu Micro plans to raise 1.878 billion RMB through its IPO to fund next-generation controller chip development and production testing facilities [26][27] Group 7 - The storage chip sector is seen as a cornerstone of the digital economy, with its domestic development closely tied to capital market dynamics, indicating a critical phase in China's semiconductor industry [28] - The ongoing integration of AI and IoT applications, coupled with support from capital markets, is expected to enhance the global influence of domestic storage manufacturers [28]

| 股票名称 | 涨跌幅 (%) | 主力资金流向 | 所属行 | | --- | --- | --- | --- | | 海格通信 | 10 | -11.97亿元 | 通信设备 | | 特变电工 | 7.34 | -10.48亿元 | 电网设备 | | 金风科技 | 2.65 | -9.98亿元 | 风电设备 | | 中国卫星 | 0.29 | -8.27亿元 | 航天航空 | | 东方通信 | 9.95 | -7.10亿元 | 通信设 | | 中际旭创 | -1.04 | -6.73亿元 | 通信设 | | 长盈精密 | -1.2 | -6.66亿元 | 消费电- | | 兆易创新 | -2.27 | -6.26亿元 | 未营体 | | 雷科防务 | -6.68 | -5.92亿元 | 通信设备 | | 三花智控 | 0.05 | -5.72亿元 | 家电行! | | 天龙集团 | 16.52 | -5.49亿元 | 文化传史 | | 麦格米特 | -4.14 | -5.31亿元 | 电源设备 | | --- | --- | --- | --- | | 易点天下 | 17.47 | -5.21亿元 | 互 ...

上市企业：兆易创新[6039863]、北京君正[300223]、复旦微电[688385]、聚辰股份[688123]、普冉股份 [688766]、恒烁股份[688416]、东芯股份[688110] 内容概要：专用型存储芯片通常有特定的应用需求，或是在特定的市场细分中有竞争优势。当前应用较 为广泛的品类主要包括NORFlash、SLCNANDFlash、利基型DRAM。近年来，随着芯片的功能越来越 多样化，存储芯片的需求也是越来越大。整体存储芯片行业具有一定周期性。随着下游端侧AI市场的 快速发展，专用型存储芯片市场规模保持增长。智能汽车领域成为端侧AI芯片新的增长极，消费电子 领域的创新需求也为端侧AI设备开辟新增长点。2025年全球专用型存储芯片市场规模增长至157亿美 元，其中，NORFlash市场规模增至31亿美元，占19.75%；SLCNANDFlash市场规模27亿美元，占 17.20%；利基型DRAM市场规模99亿美元，占63.06%。预计2026年全球专用型存储芯片市场规模有望 达到195亿美元，其中，NORFlash市场规模增至38亿美元，占全球专用型存储芯片市场的19.49%； SLCNAND ...

今日关注 1、据新华社，美国总统特朗普1月12日在社交媒体发文称，任何与伊朗有商业往来的国家在与美国进行 任何商业往来时将被加征25%的关税。外交部发言人毛宁13日在例行记者会上回答相关提问时表示，中 方在关税问题上的立场非常明确，关税战没有赢家。中方将坚定维护自身正当合法权益。 2、据新华社，有媒体提问说七国集团财长表示将减少对华稀土依赖，外交部发言人毛宁13日在例行记 者会上表示，中方维护全球关键矿产产业链稳定和安全的立场没有变化，同时我们也认为各方都有责任 这样做。 3、据央视新闻，商务部13日发布公告，决定今日（14日）起，对原产于美国和韩国的进口太阳能级多 晶硅继续征收反倾销税，实施期限为5年。详情>>> 宏观经济 1、工信部印发《推动工业互联网平台高质量发展行动方案（2026—2028年）》。其中提出到2028年， 具有一定影响力的平台超450家，工业设备连接数突破1.2亿台（套），平台普及率达到55%以上。 2、工信部1月13日召开第十八次制造业企业座谈会。会议提出，积极参与行业规则制定和自律机制建 设，自觉抵制"内卷"，促进共赢，呵护行业发展环境。 3、商务部党组书记、部长王文涛：主动对接国际 ...

受AI算力需求爆发影响，存储芯片产能供应吃紧，价格大幅上涨。机构分析师对中国证券报记者表 示，今年第一、第二季度存储芯片及下游产品涨价预计还将延续。近期，多家国产存储芯片企业相继公 布扩大产能项目，计划加大研发投入。 存储价格上涨 1月12日，市场研究机构Counterpoint Research发布报告显示，存储市场行情已经超过2018年的历史高 点，供应商议价能力已达到历史最高水平，预计2026年第一季度市场价格还将上涨40%至50%，第二季 度继续上涨约20%。 存储芯片广泛应用于 服务器 ，以及个人电脑、 智能手机 等电子产品。有媒体近日报道，以256G的 DDR5服务器内存为例，其单条价格已超过4万元，如果按1盒100条计算，一盒产品价格已超过上海部 分房产。 记者了解到，笔记本内存条的价格自2025年四季度以来也已经显著上涨。以三星电子的16G DDR5内存 条为例，该产品2025年9月在京东商城的价格为380多元，到2025年12月涨到了899元，至发稿当天则涨 至1399元。 TrendForce集邦咨询调查报告显示，存储芯片上涨带动下游电子消费品价格上涨。终端产品面临成本考 验，智能手机、个 ...

AI算力需求成核心推手 ● 本报记者 郑萃颖 受AI算力需求爆发影响，存储芯片产能供应吃紧，价格大幅上涨。机构分析师对中国证券报记者表 示，今年第一、第二季度存储芯片及下游产品涨价预计还将延续。近期，多家国产存储芯片企业相继公 布扩大产能项目，计划加大研发投入。 存储价格上涨 1月12日，市场研究机构Counterpoint Research发布报告显示，存储市场行情已经超过2018年的历史高 点，供应商议价能力已达到历史最高水平，预计2026年第一季度市场价格还将上涨40%至50%，第二季 度继续上涨约20%。 存储芯片广泛应用于服务器，以及个人电脑、智能手机等电子产品。有媒体近日报道，以256G的DDR5 服务器内存为例，其单条价格已超过4万元，如果按1盒100条计算，一盒产品价格已超过上海部分房 产。 记者了解到，笔记本内存条的价格自2025年四季度以来也已经显著上涨。以三星电子的16G DDR5内存 条为例，该产品2025年9月在京东商城的价格为380多元，到2025年12月涨到了899元，至发稿当天则涨 至1399元。 TrendForce集邦咨询调查报告显示，存储芯片上涨带动下游电子消费品价格上涨 ...

兆易创新科技集团股份有限公司 关于H股挂牌并上市交易的公告 证券代码：603986 证券简称：兆易创新 公告编号：2026-003 注：截至目前，公司的总股本为667,849,351股（含回购专用证券账户股份数603,020股）。 本次发行上市完成后，公司持股5%以上的股东及其一致行动人（香港中央结算有限公司除外）持股变 动情况如下： ■ 注：上述合计数与各明细数直接相加之和在尾数上如有差异系四舍五入所造成。 特此公告。 本公司董事会及全体董事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。 兆易创新科技集团股份有限公司（以下简称"公司"）正在进行发行境外上市外资股（H股）并在香港联 合交易所有限公司（以下简称"香港联交所"）主板挂牌上市（以下简称"本次发行上市"）的相关工作。 公司本次全球发售H股总数为28,915,800股（行使超额配售权之前），其中，香港公开发售2,891,600 股，约占全球发售总数的10.00%（行使超额配售权之前）；国际发售26,024,200股，约占全球发售总数 的90.00%（行使超额配售权之前）。根据每股H股发售价1 ...