Group 1 - The core index of the National Brand Engineering Index rose by 0.60% last week, closing at 2059.78 points, with strong performances from stocks like Changdian Technology, China Resources Microelectronics, and Glodon [1][2] - The market experienced fluctuations, with the Shanghai Composite Index down by 0.45%, while the Shenzhen Component Index and the ChiNext Index rose by 1.14% and 1.00% respectively [1] - Year-to-date, stocks such as Anji Technology and Zhongwei Company have shown significant gains, with Anji Technology up by 38.85% and Zhongwei Company up by 38.29% [2] Group 2 - Market sentiment has been volatile, with regulatory policies leading to a decrease in speculative trading, but the actual impact on market liquidity is minimal [2] - Starstone Investment indicates that there are still many opportunities in the market, particularly as domestic policies drive supply-demand balance and price recovery, leading to more industries entering the performance realization phase [3] - Looking ahead to 2026, the overall market is expected to trend upwards due to positive macroeconomic policies and industry factors, although increased volatility and operational challenges are anticipated [3]

Investment Rating - The report maintains an "Overweight" rating for the mechanical equipment industry [1] Core Insights - The report highlights three major investment opportunities in the mechanical equipment sector: the Belt and Road Initiative, demand recovery in Europe and the US, and the transition from capacity to technology export in high-end manufacturing [2][18] - Solid-state battery technology is accelerating, benefiting equipment manufacturers, with significant investments from leading companies like BYD and Gotion [3][20] - The humanoid robot sector is poised for growth with Tesla's Optimus V3 nearing mass production, indicating strong market potential for core suppliers [4][41] Summary by Sections Investment Recommendations - Recommended companies include: Northern Huachuang, Sany Heavy Industry, Zhongwei Company, Hengli Hydraulic, CIMC, Tuojing Technology, Haitai International, Bichu Electronics, Jingsheng Mechanical, and others [1][15] Mechanical Equipment Export - China’s foreign investment is growing rapidly, with a focus on the Belt and Road Initiative, which is driving demand for domestic equipment in resource-rich countries [2][18] - The report emphasizes the importance of high-quality targets with significant exposure to European and American markets, particularly in hand tools and forklifts [19] Lithium Battery Equipment - The solid-state battery industry is experiencing rapid industrialization, with key players accelerating their production capabilities [3][20] - Recommended companies in this sector include: Xian Dao Intelligent, Lian Ying Laser, and Hangke Technology [3][20] Humanoid Robots - The report notes that the release and mass production of Tesla's Optimus V3 will be a significant event for the industry, with a focus on core suppliers with high production certainty [4][41] - Recommended companies include: Hengli Hydraulic, Sanhua Intelligent Control, and Top Group [4][41] Forklift Industry - The report indicates a decline in domestic forklift sales but anticipates a recovery in 2026 due to low base effects and improving overseas market conditions [5][19] - Recommended companies include: Hangcha Group, Anhui Heli, and Zhongli [5][19] High-end Manufacturing Export - The report highlights the shift from capacity export to technology export, with a focus on light module equipment and lithium battery equipment [2][18] - Recommended companies include: certain HJT equipment leaders and Aotewei [20][39] Data Center and Liquid Cooling - The report discusses the emergence of liquid cooling technology as essential for data centers, driven by increasing power density and cooling demands [45] - Recommended companies in this sector include: Yingwei Technology and others [34][45]

两融数据显示，该股最新融资余额为33.12亿元，近5日减少8953.75万元，降幅为2.63%。 据天眼查APP显示，中微半导体设备(上海)股份有限公司成立于2004年05月31日，注册资本62614.5307 万人民币。（数据宝） 中微公司1月16日大宗交易平台共发生6笔成交，合计成交量91.74万股，成交金额3.13亿元。成交价格均 为341.32元，相对今日收盘价折价9.50%。从参与大宗交易营业部来看，机构专用席位共出现在6笔成交 的买方或卖方营业部中，合计成交金额为3.13亿元，净买入3.13亿元。 进一步统计，近3个月内该股累计发生80笔大宗交易，合计成交金额为32.74亿元。 证券时报·数据宝统计显示，中微公司今日收盘价为377.14元，上涨1.65%，日换手率为4.20%，成交额 为100.89亿元，全天主力资金净流出4837.41万元，近5日该股累计上涨12.02%，近5日资金合计净流出 4579.01万元。 1月16日中微公司大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- ...

Core Insights - A total of 13 stocks on the STAR Market experienced block trading today, with a cumulative transaction amount of 734 million yuan [1] - The stock with the highest transaction amount was Zhongwei Company, with 6 block trades totaling 91.74 million shares and a transaction amount of 313 million yuan [1] - All stocks involved in block trading today were sold at a discount compared to their closing prices, with Tianyue Advanced showing the highest discount rate of 29.65% [1] Trading Overview - On January 16, there were 27 block trades involving 12.97 million shares, amounting to 734 million yuan [1] - The stocks with the highest block trading amounts after Zhongwei Company were Hushi Industry and Tuojing Technology, with transaction amounts of 226 million yuan and 108 million yuan respectively [1] - The average increase for stocks involved in block trading was 6.44%, with Tianyue Advanced and Yongxi Electronics both increasing by 20% [1] Institutional Participation - There were 16 transactions involving institutional buyers or sellers across 7 stocks, with Zhongwei Company, Hushi Industry, and Tuojing Technology leading in institutional buying amounts of 313 million yuan, 226 million yuan, and 108 million yuan respectively [1] Fund Flow - Among the stocks that experienced block trading, 11 saw net inflows of main funds, with Tuojing Technology, Yongxi Electronics, and Hushi Industry receiving net inflows of 301 million yuan, 164 million yuan, and 121 million yuan respectively [2] - Stocks with the highest net outflows included Fuchuang Precision and Zhongwei Company, with net outflows of 142 million yuan and 48.37 million yuan respectively [2] Detailed Trading Data - The block trading data for specific stocks includes: - Zhongwei Company: 6 trades, 917,400 shares, average price 341.33 yuan, discount rate -9.49%, total amount 313.14 million yuan [3] - Hushi Industry: 1 trade, 991,510 shares, average price 22.79 yuan, discount rate -1.47%, total amount 225.96 million yuan [3] - Tuojing Technology: 1 trade, 282,500 shares, average price 382.69 yuan, discount rate -0.77%, total amount 108.11 million yuan [3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2026年1月8日，中微公司（688012.SH）发布了一则公告：公司董事长、总经理尹志尧拟于1月30日至4 月29日减持0.046%股权，原因是由于其从外籍恢复中国籍，出于依法办理相关税务需要而进行的减 持。截至1月9日收盘，中微公司股价报336.68元/股，总市值为2108亿元。尹志尧拟减持股票市值约为 9764万元。 一纸公告，将即将82岁的尹志尧和中微公司推至台前，引起市场关注。目前，尹志尧持有中微公司 0.664%股权。 | | 377.14 +6.14 +1.65% | | | | 中微公司 1 立即 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 688012 交易 | | | SSE CNY 15:30:30 闭市 查看L2全景 | | | | | 科通 / 0 + | | 菱比 | 90.00% 委差 | 818 | Wind ESG评级 AA | | | 详情 | | 卖五 | 377.55 | 2 | 交生 | 38.29% 120日 | ...

记者丨 彭新 编辑丨张伟贤 2026年1月8日，中微公司（688012.SH）发布了一则公告：公司董事长、总经理尹志尧拟于1月30日至4月29日减持0.046%股权， 原因是由于 其从外籍恢复中国籍，出于依法办理相关税务需要而进行的减持 。 截至1月9日收盘，中微公司股价报336.68元/股，总市值为2108亿元。 尹志 尧拟减持股票市值约为9764万元。 一纸公告，将即将82岁的尹志尧和中微公司推至台前，引起市场关注。目前，尹志尧持有中微公司0.664%股权。 | | 377.14 +6.14 +1.65% | | | | 中微公司 1 立即 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 688012 交易 | | | SSE CNY 15:30:30 闭市 查看L2全幕 | | | | | 科 通 部 ▽ ○ + | | 委比 | 90.00% 委差 | 818 | Wind ESG评级 AA | | | 详情 | | 卖豆 | 377.55 | 2 | 交生 | 38.29% 120日 | | 101.14% | | 卖口 | ...

Core Viewpoint - The announcement of the share reduction by Yinjiaoyao, the chairman and general manager of Zhongwei Company, has drawn market attention, highlighting his significant role in transforming the company into a leading player in the semiconductor equipment industry [2][11]. Company Overview - Zhongwei Company, founded by Yinjiaoyao in 2004, has grown from a startup to a global leader in micro-processing equipment, particularly in the etching sector, competing with major international firms like Applied Materials and Lam Research [2][3]. - As of January 16, 2026, Zhongwei's market capitalization reached 236.1 billion yuan [2]. Financial Performance - For the first three quarters of 2025, Zhongwei reported a revenue of 8.063 billion yuan, representing a year-on-year increase of 46.4%, and a net profit attributable to shareholders of 1.211 billion yuan, up 32.66% year-on-year [2][10]. Technological Innovation - Zhongwei has pioneered the "decoupled reactive ion etching" concept, addressing a long-standing industry challenge and leading to significant advancements in etching technology [7]. - The company developed a unique design for simultaneous processing of two wafers in one reactor, doubling production efficiency within the same footprint [7]. Legal Challenges and Market Position - Zhongwei faced legal challenges from major competitors like Applied Materials and Lam Research, which accused it of patent infringement. However, the company successfully defended itself and established its technological independence [8][9]. - The U.S. Department of Commerce lifted export controls on high-end etching equipment to China in 2015, acknowledging Zhongwei's successful development and production capabilities [9]. R&D Investment - In the first three quarters of 2025, Zhongwei's R&D expenditure reached 2.523 billion yuan, a year-on-year increase of approximately 63.44%, accounting for 31.29% of its revenue [10]. Leadership and Vision - Yinjiaoyao, at 82 years old, has maintained a high level of engagement in both research and management, embodying a commitment to advancing China's semiconductor industry [11]. - His return to Chinese nationality symbolizes a personal and professional commitment to contributing to the country's technological development [11].

Market Overview - The total trading amount for the Shanghai Stock Connect was 1660.31 billion, while the Shenzhen Stock Connect reached 2005.41 billion [2] Top Trading Stocks - In the Shanghai Stock Connect, the top traded stock was Zijin Mining with a transaction amount of 27.48 billion, followed by Industrial Fulian at 22.14 billion and Zhongwei Company at 18.09 billion [3] - In the Shenzhen Stock Connect, the leading stock was Zhongji Xuchuang with 39.91 billion, followed by Luxshare Precision at 39.15 billion and Xinyi Technology at 34.80 billion [3] Sector Performance - The semiconductor, CPO, and humanoid robot sectors showed significant gains, while the oil and gas and AI application sectors experienced declines [4] - The electronic sector had the highest net inflow of funds at 230.12 billion, followed by the semiconductor sector with 138.58 billion [5] - The computer sector led in net outflows with -223.45 billion, followed by non-ferrous metals at -98.01 billion [6][7] Individual Stock Fund Flows - Changdian Technology had the highest net inflow of 21.02 billion, followed by XD Industrial Fulian at 20.98 billion and Zhaoyi Innovation at 20.80 billion [8] - The stock with the largest net outflow was TBEA with -31.56 billion, followed by BlueFocus at -19.87 billion and Zijin Mining at -19.72 billion [9] ETF Trading - The top ETF by trading amount was the CSI 300 ETF from Huatai-PB with 259.226 billion, showing a 2.09% increase from the previous trading day [10] - The ETF with the highest growth in trading amount was the 1000 ETF with a staggering increase of 934.61% [11] Futures Market - In the futures market, both IH and IF contracts saw an increase in positions from both bulls and bears, while IC and IM contracts experienced a decrease in positions [12] Institutional Activity - Notable institutional activity included a significant buy of 2.34 billion in Xue Ren Group despite a -9.99% drop, and a buy of 2.11 billion in Tongyu Communication [13] - SiYuan Electric saw a buy of 3.07 billion from the Shenzhen Stock Connect but faced a sell of 2.92 billion from four institutions [13] Retail Investor Activity - Retail investors showed high activity in Meinian Health, which received a total buy of 8.62 billion from three major retail investors [17]

Group 1 - The core point of the article highlights the performance of the Sci-Tech ETF (588050), which opened with a gain of 0.85% at 1.548 yuan [1] - Major holdings in the Sci-Tech ETF include companies like SMIC, which rose by 2.46%, and other firms such as Haiguang Information, Cambrian, and Langqi Technology, which also saw positive gains [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Sci-Tech Innovation Board 50 Index, managed by ICBC Credit Suisse Asset Management, with a return of 7.04% since its inception on September 28, 2020, and a recent one-month return of 13.25% [1]

Group 1 - The semiconductor ETF Southern (159325) has risen by 2.15%, marking a three-day consecutive increase, with a turnover of 12.24% and a transaction volume of 34.83 million yuan, indicating active market trading [1] - Key stocks in the index, such as Changdian Technology, peaked with a 10.00% increase, while Fengfan Technology and Zhenlei Technology rose by 9.59% and 8.05% respectively, with Changdian Technology hitting the daily limit [1] - A joint international research team has made significant progress in new semiconductor materials, achieving controllable construction of "mosaic" heterojunctions in two-dimensional ionic soft lattice materials, paving the way for future high-performance light-emitting and integrated devices [1] Group 2 - According to UBS statistics, the global semiconductor market is projected to reach $1 trillion by 2026, with a year-on-year growth exceeding 40%, and $1.18 trillion by 2027, maintaining a growth rate of 13% [1] - Even excluding memory chips, the industry is expected to sustain double-digit growth, driven by saturated investments in AI infrastructure, with the storage market anticipated to see nearly 90% growth by 2026 due to the rigid demand for high-end DRAM from HBM and AI servers [1] - Huaxin Securities reports that TSMC's revenue for Q4 2025 is expected to grow by approximately 20% year-on-year, reaching 1.05 trillion New Taiwan dollars, exceeding market expectations, reflecting strong demand for AI chips and advanced processes [2] - TSMC's performance indicates that capital expenditures in the global AI sector will remain high in 2026, benefiting upstream equipment, materials, and the entire domestic semiconductor industry chain [2] - The Southern semiconductor ETF closely tracks the CSI Semiconductor Industry Select Index, which includes 50 large-cap, profitable, and high R&D investment companies, reflecting the overall performance of representative and investable stocks in the semiconductor industry [2]