Core Insights - The article highlights the strong performance of the Sci-Tech Innovation Board Chip Index, which has achieved a cumulative increase of over 161% since its base date, with an annualized return of 17.93%, significantly outperforming similar indices such as the Sci-Tech Innovation Entrepreneur Semiconductor and the National Chip Index [3][12][13]. Performance Metrics - The Sci-Tech Chip Index has a higher annualized Sharpe ratio and lower maximum drawdown compared to its peers, indicating a better risk-reward profile [3][12]. - The maximum drawdown for the Sci-Tech Chip Index is less severe at -56.81%, compared to -60.05% for the Sci-Tech Innovation Entrepreneur Semiconductor Index [4][12]. Industry Composition - The index is heavily weighted towards integrated circuits, which account for 72.77% of its composition, significantly higher than other similar indices [6][14]. - The index includes companies involved in semiconductor materials, equipment, design, manufacturing, packaging, and testing, reflecting the overall performance of the representative chip industry on the Sci-Tech Innovation Board [14][15]. Financial Growth - The index's net profit attributable to shareholders surged by 94.22% year-on-year, leading among similar indices [17]. - The R&D investment in the chip industry on the Sci-Tech Innovation Board exceeded 119.7 billion yuan, with an R&D intensity of 11.22%, far surpassing the overall A-share market level of 2.16% [7][17]. Top Holdings - The top ten weighted stocks in the index include: - Zhongke International (10.36%) - Haiguang Information (10.05%) - Cambricon Technologies (9.45%) - Lattice Semiconductor (7.73%) - Zhongwei Company (6.85%) [14][18].

以下文章来源于澜起科技 ，作者澜起科技 澜起科技 . 澜起科技是国际领先的数据处理及互连芯片设计公司，致力于为云计算和人工智能领域提供高性能、低 功耗的芯片解决方案，目前公司拥有互连类芯片和津逮®服务器平台两大产品线。 编者按 数据中心互连技术正迎来新突破。澜起科技于国内率先推出基于PCIe 6.x/CXL 3.x标准的 AEC解决方案，以自研Retimer芯片为核心，面向多机架复杂架构提供高带宽、低延迟的系 统级互连支持。该方案不仅满足人工智能、云计算等场景下对高速信号传输的严苛要求，更 通过完善的监控诊断功能提升系统可维护性，展现出澜起科技在高速互连领域的技术积累与 市场前瞻。随着PCIe 7.0等下一代产品研发持续推进，国产高端互连技术正稳步迈向更广阔 的舞台。 1月26日，澜起科技宣布，率先在国内推出基于PCIe 6.x/CXL 3.x标准的高性能有源电缆（AEC， Active Electrical Cable）解决方案。该方案面向数据中心从单机架向多机架复杂架构演进的需 求，采用澜起自研的PCIe 6.x/CXL 3.x Retimer 芯片，旨在为大规模数据中心与高性能服务器平 台提供高带宽、低 ...

证券代码：688008 证券简称：澜起科技 公告编号：2026-006 澜起科技股份有限公司 关于刊发 H 股发行更新聆讯后资料集的公告 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、准确性和完整性依法承担法律责任。 新聆讯后资料集"），并在香港联交所网站进行刊登。该更新聆讯后资料集为公 司根据香港联交所、香港证券及期货事务监察委员会的要求而刊发，刊发目的仅 为提供信息予香港公众人士。同时，该更新聆讯后资料集为草拟版本，其所载资 料可能会适时作出更新和变动。 鉴于更新聆讯后资料集的刊发目的仅为提供信息予香港公众人士，公司将不 会在境内证券交易所的网站和符合监管机构规定条件的媒体上刊登该更新聆讯 后资料集，但为使境内投资者及时了解该更新聆讯后资料集披露的本次发行上市 及公司的其他相关信息，现提供该更新聆讯后资料集在香港联交所网站的查询链 接： 中文： 澜起科技股份有限公司（以下简称"公司"）正在进行申请发行境外上市股 份（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。 2025 年 7 月 ...

[Table_Page] 行业专题研究|电子 2026 年 1 月 26 日 证券研究报告 [Table_Title] AI 的 Memory 时刻 5 | | | | AI NAND | 供需紧张，涨价仍有弹性 | | | --- | --- | --- | --- | --- | --- | | 分析师： [Tabl | 王亮 | 分析师： | 耿正 | 分析师： | 焦鼎 | | e_Author] | SAC 执证号：S0260519060001 | | SAC 执证号：S0260520090002 | | SAC 执证号：S0260522120003 | | | SFC CE.no: BFS478 | | | | | | | 021-38003658 | | 021-38003660 | | 021-38003658 | | | gfwangliang@gf.com.cn | | gengzheng@gf.com.cn | | jiaoding@gf.com.cn | | 分析师： | 张大伟 | | | | | | | SAC 执证号：S0260523050001 | | | | | | | 02 ...

招股书显示，澜起科技是一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算及AI基础设施 提供创新、可靠且高能效的互连解决方案。 智通财经APP获悉，据港交所1月26日披露，澜起科技股份有限公司(简称：澜起科技，688008.SH)通过 港交所主板上市聆讯，中金、摩根士丹利及瑞银为其联席保荐人。根据弗若斯特沙利文的资料，按收入 计算，公司于2024年位居全球最大的内存互连芯片供应商，市场份额达36.8%。 凭借公司在互连解决方案方面的技术专长及专业知识，澜起科技亦自研了高速SerDes串行接口等创新技 术，并扩展到PCIe及CXL高速互连领域，这些技术均遵循PCI-SIG及CXL联盟制定的标准及规范。公司 的产品基于开放的行业标准而开发。根据弗若斯特沙利文的资料，公司是全球两大PCIe Retimer提供商 之一，也是首家推出CXL MXC芯片的公司。公司拟通过开发及扩展以太网及光互连的创新解决方案来 增强公司的产品组合，进一步拓宽公司的技术能力。 财务方面，于2022年度、2023年度、2024年度、2025年截至9月30日止九个月，公司分别录得收入36.72 亿元(人民币，下同)、22.86亿元、36. ...

Core Viewpoint - 澜起科技 is set to become the world's largest memory interconnect chip supplier by revenue in 2024, with a market share of 36.8% according to Frost & Sullivan [1] Group 1: Company Overview - 澜起科技 is a leading fabless integrated circuit design company focused on providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure [3] - The company offers a full range of memory interface chips from DDR2 to DDR5, including supporting chips like SPD, temperature sensors, and power management ICs [3][4] - 澜起科技 has established a significant first-mover advantage in the memory interconnect field by setting and leading industry standards, being a member of the JEDEC board, and contributing to the development of international standards for DDR5RCD, MDB, and CKD chips [4] Group 2: Product Lines - The company has two main product lines: interconnect chips and津逮 products, with interconnect chips including memory interface chips, PCIe/CXL interconnect chips, and clock chips [4] - 澜起科技 is one of the two global providers of PCIe Retimer and the first to launch CXL MXC chips, expanding its product portfolio to include innovative Ethernet and optical interconnect solutions [5] Group 3: Financial Performance - For the fiscal years 2022 to 2025, 澜起科技 reported revenues of 3.672 billion, 2.286 billion, 3.639 billion, and 4.058 billion RMB respectively, with profits of 1.299 billion, 0.451 billion, 1.341 billion, and 1.576 billion RMB for the same periods [5][6] - The company’s revenue and profit are expected to show significant growth, with a projected revenue of 4.058 billion RMB for the nine months ending September 30, 2025 [6]

沪指1月26日下跌0.09%，申万所属行业中，今日上涨的有10个，涨幅居前的行业为有色金属、石油石 化，涨幅分别为4.57%、3.18%。跌幅居前的行业为国防军工、汽车，跌幅分别为4.47%、2.31%。电子 行业今日下跌2.24%。 资金面上看，两市主力资金全天净流出1143.17亿元，今日有6个行业主力资金净流入，非银金融行业主 力资金净流入规模居首，该行业今日上涨0.79%，全天净流入资金34.93亿元，其次是医药生物行业，日 涨幅为0.29%，净流入资金为28.39亿元。 主力资金净流出的行业有25个，电子行业主力资金净流出规模居首，全天净流出资金277.21亿元，其次 是电力设备行业，净流出资金为203.06亿元，净流出资金较多的还有国防军工、机械设备、汽车等行 业。 电子行业今日下跌2.24%，全天主力资金净流出277.21亿元，该行业所属的个股共476只，今日上涨的有 68只；下跌的有405只，跌停的有5只。以资金流向数据进行统计，该行业资金净流入的个股有115只， 其中，净流入资金超亿元的有15只，净流入资金居首的是澜起科技，今日净流入资金6.88亿元，紧随其 后的是香农芯创、沃尔核材，净流入 ...

Core Viewpoint - 澜起科技 is set to become the world's largest memory interconnect chip supplier by revenue in 2024, with a market share of 36.8% according to Frost & Sullivan [1] Group 1: Company Overview - 澜起科技 is a leading fabless integrated circuit design company focused on providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure [3] - The company offers a full range of memory interface chips from DDR2 to DDR5, including supporting chips like SPD, temperature sensors, and power management ICs [3][4] - 澜起科技 has established a significant first-mover advantage in the memory interconnect field by setting and leading industry standards, being a member of the JEDEC board, and contributing to the development of international standards for DDR5 chips [4] Group 2: Product Lines - 澜起科技 has two main product lines: interconnect chips and津逮 products, with interconnect chips including memory interface chips, PCIe/CXL interconnect chips, and clock chips [4] - The company is one of the two largest PCIe Retimer providers globally and the first to launch the CXL MXC chip, expanding its product portfolio to include innovative Ethernet and optical interconnect solutions [5] Group 3: Financial Performance - For the fiscal years 2022 to 2025, 澜起科技 reported revenues of 3.672 billion, 2.286 billion, 3.639 billion, and 4.058 billion RMB respectively, with profits of 1.299 billion, 0.451 billion, 1.341 billion, and 1.576 billion RMB [5][6] - The company has experienced fluctuations in revenue and profit, with a notable increase in revenue projected for 2025 compared to previous years [6]

Core Viewpoint - Guohai Securities report indicates that Lanke Technology is expected to achieve a year-on-year net profit growth of 52.29% to 66.46% by 2025, driven by increased shipments of interconnect chips [1] Group 1: Company Performance - Lanke Technology is positioned as a leading player in the Retimer chip market globally, focusing on deep integration of CXL technology [1] - The demand for memory interconnect chips is anticipated to rise due to the increasing ratio of CPU to GPU, benefiting Lanke Technology in the AI era [1] Group 2: Industry Trends - The ongoing iteration of memory interconnects is being driven by AI inference, which is expanding the demand for HBM and DRAM while simultaneously increasing the requirements for CPUs [1] - AMD projects that its AI server CPU market will grow from approximately $8.2 billion in 2025 to around $30 billion by 2030, indicating significant growth potential in the sector [1]

消息面上，三星电子将第一季度NAND闪存供应价格上调100%以上，涨幅远超市场预期。这是继 DRAM内存价格上调近70%后，存储市场释放的又一调价信号。 （文章来源：每日经济新闻） 招商证券认为，2026第一季度各品类存储价格环比涨幅超预期，预计2026年全年全球存储供给整体维持 偏紧状态，AI需求增长持续高于产能扩张速度，其他消费类存储和利基型存储受到产能挤压和下游恐 慌备货等因素，价格涨幅也远超常规水平。今年国内存储产业链多环节都将受益于缺货涨价浪潮，核心 建议关注存储原厂、存储模组/芯片公司、存储封测/代工等环节。 1月26日午后，市场延续震荡调整走势，截至14:35，上证科创板芯片设计主题指数下跌1.1%。 上证科创板芯片设计主题指数由科创板内不超过50只业务涉及芯片设计领域的股票组成，指数前五大权 重股为海光信息、澜起科技、寒武纪、芯原股份、东芯股份，数字芯片设计行业合计占比超75%，在AI 驱动的新范式下具备长期成长潜力。 ...