Group 1 - The A-share market experienced fluctuations at relatively high levels in Q4 2025, with a slight decrease in overall equity positions of public funds compared to Q3 2025 [1][2] - The average equity positions for stock and mixed funds were 89.06% and 81.05%, respectively, showing a minor decline from the previous quarter [2] - Major holdings in public funds included leading light module companies, with Zhongji Xuchuang and Xinyi Sheng surpassing Ningde Times and Tencent Holdings to become the top two heavyweights [1][4] Group 2 - Several actively managed equity funds significantly increased their positions, with notable examples including Bosera Huixing and GF Chengxiang, which raised their equity positions by 12.31 and 10.3 percentage points, respectively [2] - Fund managers expressed optimism about the A-share market for 2026, citing potential dual benefits from domestic and international liquidity [3][9] - The focus on technology sectors continued, with managers identifying investment opportunities in storage chips, solid-state batteries, and humanoid robots [7][10] Group 3 - The top 50 heavyweights in public funds were primarily concentrated in information technology, consumer goods, and investment sectors, with 18 stocks in the information technology sector [4][6] - AI-related stocks gained prominence, with Zhongji Xuchuang, Xinyi Sheng, and Hanwujing entering the top seven heavyweights due to the AI boom [4][6] - The number of innovative drug companies in the top 50 heavyweights decreased from eight to five by the end of Q4 2025, indicating a shift in investment focus [5] Group 4 - Fund managers anticipate that the AI investment theme will continue to be a primary focus, with expectations for rapid growth in AI applications in the coming years [9][10] - The investment strategy is shifting towards AI applications, including smart driving, edge AI, and humanoid robots, as the industry matures [9][10] - The overall sentiment among fund managers is that the AI-driven technology market will remain a significant area of investment for the next several years [9][10]

不触发要约收购义务 减持数量：626.15万股，占总股本1% 减持方式：大宗交易 减持期间：2026年1月6日至1月21日 减持价格：304.76-346.97元/股 减持金额：20.63亿元 完成情况：已按计划完成 三、减持后持股情况 当前持股：8,722.21万股 持股比例：13.93%（由14.93%降至13.93%） 四、其他说明 本次减持符合此前披露的减持计划，未违反承诺 公司无控股股东和实际控制人，本次减持不改变公司治理结构 减持前持股：9,348.35万股，占总股本14.93% 二、减持实施情况 中微公司：5%以上股东减持完成公告要点 一、减持主体基本情况 股东名称：上海创业投资有限公司（5%以上股东，非控股股东） ...

证券代码：688012 证券简称：中微公司 公告编号：2026-009 中微半导体设备（上海）股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度暨减持 股份结果公告 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、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东持有的基本情况 本次减持计划实施前，上海创业投资有限公司（以下简称"上海创投"）持 有中微半导体设备（上海）股份有限公司（以下简称"中微公司"或"公 司"）股份 93,483,533 股，占公司总股本的 14.93%。 减持计划的实施结果情况 公司于 2025 年 12 月 1 日披露了《大股东大宗交易减持股份计划公告》，上 海创投计划自公告披露之日起 15 个交易日后的 3 个月内，在符合法律法规 规定的减持前提下，通过大宗交易方式减持公司股票不超过总股本的 1%， 即 6,261,453 股。 近日，公司收到上海创投出具的《关于股份减持情况的告知函》，上海创投 通过大宗交易已累计减持中微公司股份 6,261,453 股,减持股份数量已达 到中微公司股份总数的 1%，本 ...

格隆汇1月22日丨中微公司(688012.SH)公布，近日，公司收到上海创投出具的《关于股份减持情况的告 知函》，上海创投通过大宗交易已累计减持中微公司股份626.15万股,减持股份数量已达到中微公司股份 总数的1%，本次减持计划已实施完毕。 ...

中微公司公告称，持股5%以上股东上海创投实施减持计划，于2026年1月6日至1月21日，通过大宗交易 减持公司股份6,261,453股，占总股本1%，减持总金额20.63亿元，减持价格区间为304.76 - 346.97元/ 股。减持后，上海创投持股比例由14.93%降至13.93%，本次减持计划已实施完毕，且与此前披露计 划、承诺一致，不触及要约收购，也不影响公司治理结构和持续经营。 ...

今日（1月22日）市场主要指数集体高开，石油石化、国防军工涨超3%。 盘面上，石油开采及服务板块大幅拉升，石化油服、洲际油气、蓝焰控股等涨停，潜能恒信涨超10%。 燃气股走强，胜利股份涨停，凯添然气、胜通能源、蓝天燃气等涨幅居前。 商业航天概念涨幅居前，板块内，中国一重（维权）、中超控股、中信重工等逾10股涨停，三角防务、 天力复合、江航装备等涨超10%。 AI应用概念活跃，浙文互联、国安股份涨停，华凯易佰、深信服等涨超10%。 新股速递：N国亮开盘涨超2倍 N国亮（920076）今日在北交所上市，开盘价33.11元，上涨207.71%。 | | | | U9:45 30.61 | 49 | | --- | --- | --- | --- | --- | | | | | 09:45 30.60 | 72 | | | | | 09:45 30.60 | 88 | | | | | 09:45 30.65 272 | | | | | | 09:45 30.65 | 67 | | | | | 09:45 30.65 | ୧3 | | 09:30 | 11:30 | 15:00 | NO. AS 20 65 | 11 ...

21 January 2026 Global Semiconductor Capital Equipment China WFE Import Tracker (Dec 2025): 2025 total import $39.2bn, +3% YoY; record high Litho import in Dec Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com December imports reached EUR 1.89Bn, the highest month ever, growing ~250% MoM and 48% YoY. Total Q4 imports of EUR 3.27Bn were up 42% QoQ and 41% YoY. This implies ...

具体来看，推动高能级科研机构、大科学设施、高校科创平台创新策源，加快相关技术成果在临港落地转化。 1月21日，由中国（上海）自由贸易试验区临港新片区管理委员会主办的"2026临港科创城大会"在上海临港中心举行。 本次大会以"创业来临港 陪伴你成长"为主题，推出"一揽子"创新举措，从科创社区建设到科创政策矩阵支持，从创业启航基金发布到科创生态地图布 局，从滴水湖青创荟启动到高成长企业发布，通过整合政府资源与市场力量，以更大决心、更强合力构建"成本更低、生态更优、成功率更高"的国际一流科 创城。 锚定"2+4+5"目标，聚焦"4+1"主导产业 大会期间，《上海市"临港科创城"建设方案》（下称《建设方案》）正式发布。 临港新片区党工委副书记吴晓华介绍，"临港科创城"将聚焦加强上海科技创新"1-10"环节，着力打造成为科技成果转化的重要承载地、新兴产业发展的 重要集聚地、新业态新模式的重要试验场和青年创业发展的理想家园，全力建设国际一流科创城。 现场启动了首批科创社区，还发布了临港青年科创基金、启航天使基金、启航国泰海通创投基金，三大创业启航基金定位互补、规模可观，为企业在不 同阶段"保驾护航"。 聚焦集成电路、民用 ...

Group 1 - A-shares showed resilience despite a significant drop in overseas markets, with major indices rising, particularly in the gold and semiconductor sectors [1][5] - The semiconductor foundry sector is strong, with companies like SMIC and Hua Hong Semiconductor seeing gains of over 4% [6] - A report from TrendForce indicates a 2.4% reduction in global 8-inch foundry capacity by 2026 due to strategic cuts by TSMC and Samsung, while demand for AI-driven power management chips remains robust, pushing average capacity utilization rates above 90% [6][7] - Chinese foundries are positioned to benefit from the demand for 8-inch chips, with significant growth in storage chip production driven by AI [7][8] Group 2 - The gold sector is also performing well, with gold prices reaching $4,880 per ounce, and the gold ETF E Fund (159934) seeing a net inflow of 15.067 billion yuan over the past year [9][11][12] - The semiconductor market is experiencing a price surge, with reports indicating a potential 40-50% increase in storage chip prices by Q1 2026, driven by a combination of consumer electronics recovery and AI demand [15][19] - TSMC's capital expenditure guidance for 2026 has been significantly raised to between $52 billion and $56 billion, indicating strong demand for high-end chips [18][19] Group 3 - SMIC reported a record monthly production capacity of 1.023 million 8-inch equivalent wafers, with utilization rates reaching 95.8% [26] - The domestic semiconductor equipment market is expected to exceed 50 billion yuan in 2026, with a compound annual growth rate of around 30% [30] - The semiconductor equipment ETF E Fund (159558) is closely tied to the semiconductor materials and equipment sectors, covering key players in the industry [32]

Group 1 - The semiconductor and chip sector experienced a significant rally, with the STAR Market chip index rising by 3.92% as of 10:14 AM on January 21, 2026, driven by strong performances from companies like Loongson Technology (up 20.00%) and Haiguang Information (up 12.46%) [1] - CITIC Securities believes that the storage chip market is currently in a price uptrend due to the explosive demand from AI and supply-side contractions, leading to a performance surge for global storage industry enterprises [1] - The construction of storage production lines and the increase in domestic production rates are expected to accelerate, creating investment opportunities in domestic semiconductor equipment and packaging/testing sectors [1] Group 2 - TSMC is projected to achieve record-high revenue in Q4 2025, with advanced process technology (7nm and below) accounting for 77% of its revenue, and 3nm process shipments reaching 28% [1] - The company anticipates a significant increase in capital expenditure for 2026, estimated between $52 billion and $56 billion, aimed at enhancing its technological advantages and capacity expansion in the high-end wafer foundry sector [1] - The ongoing demand for AI computing power is expected to strongly drive the semiconductor manufacturing sector [1] Group 3 - As of December 31, 2025, the top ten weighted stocks in the STAR Market chip index accounted for 57.76% of the index, including companies like SMIC, Haiguang Information, and Cambrian [2] - The STAR Chip ETF (588200) serves as a convenient tool for investors looking to gain exposure to the STAR Market chip sector [2] Group 4 - Investors without stock accounts can explore investment opportunities in domestic chips through the STAR Chip ETF linked fund (017470) [3]