格隆汇11月21日丨兆易创新(603986.SH)公布，公司于近日收到部分董事及高级管理人员出具的《股份 减持计划告知函》，因个人资金需求，何卫先生、胡洪先生、孙桂静女士、李宝魁先生拟自披露该减持 计划公告起15个交易日后的3个月内，采取集中竞价交易方式减持股份数量不超过其各自持有公司股份 总数的25%，其中，何卫先生拟减持不超过63,800股，占公司当前股份总数的0.0096%；胡洪先生拟减 持不超过106,400股，占公司当前股份总数的0.0159%；孙桂静女士拟减持不超过48,200股，占公司当前 股份总数的0.0072%；李宝魁先生拟减持不超过30,600股，占公司当前股份总数的0.0046%。若上市公司 发生送股、资本公积金转增股本、配股、回购注销等股份变动事项，上述拟减持股份数量、股权比例将 相应进行调整。 ...

智通财经APP讯，兆易创新(603986.SH)发布公告，公司于近日收到部分董事及高级管理人员出具的 《股份减持计划告知函》，因个人资金需求，何卫先生、胡洪先生、孙桂静女士、李宝魁先生拟自披露 该减持计划公告起15个交易日后的3个月内，采取集中竞价交易方式减持股份数量不超过其各自持有公 司股份总数的25%，即拟合计减持不超24.9万股。 ...

Core Viewpoint - The company announced that several executives plan to reduce their shareholdings due to personal financial needs, which may impact investor sentiment and market perception of the company's stability [1] Group 1: Executive Share Reduction - The Vice Chairman and General Manager, He Wei, intends to reduce his holdings by up to 63,800 shares, representing 0.0096% of the company's total shares [1] - The Director and Deputy General Manager, Hu Hong, plans to sell up to 106,400 shares, accounting for 0.0159% of the total shares [1] - The Deputy General Manager and Financial Officer, Sun Guijing, aims to reduce her stake by up to 48,200 shares, which is 0.0072% of the total shares [1] - The Deputy General Manager, Li Baokui, is set to decrease his holdings by up to 30,600 shares, making up 0.0046% of the total shares [1]

证券代码：603986 证券简称：兆易创新 公告编号：2025-064 兆易创新科技集团股份有限公司 部分董事、高级管理人员减持股份计划公告 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： 部分董事、高级管理人员持股的基本情况 截至本公告披露日，兆易创新科技集团股份有限公司（以下简称"公司"） 副董事长、总经理何卫先生持有公司股份 255,207 股，占公司当前总股本的比例 为 0.0382%；公司董事、副总经理胡洪先生持有公司股份 425,845 股，占公司当 前总股本的比例为 0.0638%；公司副总经理、财务负责人孙桂静女士持有公司股 份 193,140 股，占公司当前总股本的比例为 0.0289%；公司副总经理李宝魁先生 持有公司股份 122,673 股，占公司当前总股本的比例为 0.0184%。 减持计划的主要内容 公司于近日收到部分董事及高级管理人员出具的《股份减持计划告知函》， 因个人资金需求，何卫先生、胡洪先生、孙桂静女士、李宝魁先生拟自披露该减 持计划公告起 15 个交易日后的 3 ...

Group 1 - The report highlights the ongoing transformation in the artificial intelligence (AI) industry, with significant advancements in AI models and increasing capital expenditures from cloud service providers, driving demand for AI computing hardware infrastructure [8][20][39] - The semiconductor industry is expected to continue its upward trend, with AI driving a potential super cycle in the memory sector, as domestic manufacturers enhance their competitive advantages in technology and supply chains [11][18][19] - The electronic industry has significantly outperformed the CSI 300 index, with a year-to-date increase of 38.35% compared to the CSI 300's 16.85% [18][19] Group 2 - Major cloud companies are increasing their capital expenditures, with North American cloud providers collectively spending $96.4 billion in Q3 2025, a 67% year-on-year increase, to support AI infrastructure [39][40] - The report emphasizes the rapid growth of AI server demand, with the global AI server market projected to reach $158.7 billion in 2025, reflecting a compound annual growth rate of 15.5% from 2024 to 2028 [51][53] - The report identifies key investment opportunities in sectors such as AI computing chips, AI PCBs, and memory modules, recommending specific companies for investment based on their market positions and growth potential [11][12][52]

Group 1 - A-shares experienced a collective decline on November 21, with the Shanghai Composite Index dropping by 0.82% during intraday trading, while sectors such as media, agriculture, and banking showed gains [1] - The chip sector remained sluggish, with the chip ETF (159995.SZ) falling by 2.72%, and individual stocks like Zhaoyi Innovation and Beijing Junzheng declining by 6.74% and 6.22% respectively [1] - Some individual stocks in the chip sector, such as Wentai Technology and Ruixin Micro, saw slight increases of 0.89% and 0.67% [1] Group 2 - The storage industry is experiencing price increases driven by growing demand for AI servers, with DDR4 product prices rising due to a supply-demand gap, and DDR5 prices increasing by 102.6% in October [3] - DDR3 product prices also rose by 40.4% in October, attributed to production capacity shifting towards DDR3, leading to reduced supply [3] - The NAND Flash products benefited from the expanding storage capacity demand from AI servers, with significant price increases noted since July and August [3] - According to招商证券, the current storage industry cycle is primarily driven by the explosive demand for storage in the AI era, with expectations of continued price increases and improving performance for domestic module and chip manufacturers in Q4 2025 [3]

Core Viewpoint - The chip ETF E Fund (516350) opened down by 1.95% at 1.109 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The E Fund chip ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its establishment on December 15, 2021, the fund has achieved a return of 13.01% [1] - Over the past month, the fund has experienced a return of -3.30% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC down 2.50% [1] - Cambricon down 2.42% [1] - Haiguang Information down 2.25% [1] - Northern Huachuang down 2.40% [1] - Lattice Semiconductor down 2.66% [1] - Zhaoyi Innovation down 5.07% [1] - Zhongwei Company down 2.90% [1] - OmniVision down 1.31% [1] - Chipone down 4.01% [1] - Changdian Technology down 1.44% [1]

Group 1 - The semiconductor ETF Southern (159325) opened down 2.20%, priced at 1.378 yuan [1] - Major holdings in the ETF experienced declines, including SMIC down 2.50%, Cambrian down 2.42%, and GigaDevice down 5.07% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its inception on October 31, 2024, the ETF has returned 40.62%, while the return over the past month is -4.13% [1]

Core Viewpoint - The storage chip market is experiencing a downturn, with significant declines in stock prices for several companies, indicating a challenging environment for the industry [1] Company Summary - Shannon Microelectronics has seen its stock price drop by over 10% [1] - Other companies such as Baiwei Storage, Zhaoyi Innovation, and Shikong Technology are also experiencing declines in their stock prices, following the trend set by Shannon Microelectronics [1]

Core Viewpoint - The semiconductor leader ETF (516640) opened down by 2.18% at 0.986 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The semiconductor leader ETF (516640) has a performance benchmark based on the CSI Semiconductor Industry Index return [1] - Since its establishment on August 19, 2021, the ETF has returned 0.82%, while its return over the past month is -3.38% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 2.50% - Cambricon (寒武纪) down 2.42% - Haiguang Information (海光信息) down 2.25% - Northern Huachuang (北方华创) down 2.40% - Lattice Semiconductor (澜起科技) down 2.66% - Zhaoyi Innovation (兆易创新) down 5.07% - Zhongwei Company (中微公司) down 2.90% - OmniVision (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - Changdian Technology (长电科技) down 1.44% [1]