嘉实上证科创板芯片ETF（588200）成立日期2022年9月30日，最新规模396.58亿。今年以来收益 13.84%，同类排名454/5570；近一年收益59.66%，同类排名260/4305；成立以来收益167.16%。 2月25日，乐鑫科技涨5.62%，截至发稿，报170.56元/股，成交5.60亿元，换手率2.17%，总市值285.08 亿元。 资料显示，乐鑫信息科技(上海)股份有限公司位于上海市浦东新区御北路235弄3号楼1-7层，成立日期 2008年4月29日，上市日期2019年7月22日，公司主营业务涉及集成电路产品的研发设计和销售。主营业 务收入构成为：模组及开发套件60.47%，芯片38.89%，其他0.64%。 从乐鑫科技十大流通股东角度 数据显示，嘉实基金旗下1只基金位居乐鑫科技十大流通股东。嘉实上证科创板芯片ETF（588200）三 季度减持10.01万股，持有股数213.4万股，占流通股的比例为1.36%。根据测算，今日浮盈赚取约 1935.56万元。 嘉实上证科创板芯片ETF（588200）基金经理为田光远。 截至发稿，田光远累计任职时间4年355天，现任基金资产总规模791.3 ...

Core Insights - The 2026 Spring Festival Gala marked a significant shift with AI becoming the main attraction, integrating deeply into the event in unprecedented ways [1][11] Group 1: AI Application and Engagement - The core of this AI-driven event was the "Doubao" application from ByteDance, which played a crucial role as the exclusive AI cloud partner, contributing to both technical support and interactive segments [3][4] - "Doubao" launched a large-scale "Doubao New Year" campaign a week before the gala, featuring exciting lottery activities with over 100,000 high-tech prizes, including robots and electric vehicles, to engage the audience [3][4] Group 2: Technical Infrastructure - Behind the scenes, ByteDance's video generation model Seedance 2.0 was responsible for creating customized visual experiences for several performances, enhancing the overall viewer experience [6] - The AI server supply chain was led by Inspur Information, which provided high-performance servers equipped with NVIDIA H800 GPUs, crucial for supporting "Doubao" and the gala's high concurrency interactions [7] Group 3: Data and Content Supply - Hai Tian Rui Sheng, a leader in AI training data, supplied high-quality multimodal training data for "Doubao," while Visual China provided essential image and video content [9] - The marketing aspect was significantly supported by BlueFocus, which integrated "Doubao" into its marketing platform, facilitating AI-driven promotional activities for the gala [9] Group 4: Hardware and Software Collaboration - Zhongke Chuangda was designated as the sole system-level software partner for "Doubao," focusing on optimizing the AI's performance on various devices [8] - ZTE collaborated with "Doubao" to develop AI smartphones, while other companies provided essential components for AI-enabled devices, ensuring seamless integration of AI technology into consumer products [8]

Core Viewpoint - The article discusses the evolving landscape of AI hardware in China, highlighting a shift from being followers in the global consumer electronics market to becoming proactive leaders in defining the future of AI hardware. This transformation is driven by a combination of traditional hardware manufacturers and elite entrepreneurs leveraging AI technology to create innovative products [5][6]. Group 1: Market Dynamics - The AI hardware market in China is currently shaped by two distinct forces: traditional hardware manufacturers collaborating with model companies to enhance existing products, and elite entrepreneurs aiming to create native AI hardware solutions [5][6]. - The initial push in the AI hardware sector was ignited by major model companies, particularly ByteDance, which sought commercial pathways for AI integration into hardware [7][10]. - By the end of 2024, the cost of tokens for AI models significantly decreased, fostering collaboration among ByteDance, chip manufacturers, and hardware solution providers to explore AI applications in traditional products [7][10]. Group 2: Product Development and Challenges - AI toys emerged as a primary product for demonstrating AI hardware capabilities, with ByteDance launching an AI toy that gained popularity in the second-hand market [10][12]. - Despite initial excitement, the market for AI toys faced challenges, including high return rates and limited consumer interest beyond initial novelty, leading to a rapid decline in demand [12][13]. - The AI toy market's failure highlighted the need for products that resonate with parents and address genuine consumer needs, prompting a shift towards educational and practical applications [13][14]. Group 3: Investment Trends - There is a growing consensus among investors to focus on AI hardware that is not merely an enhancement of traditional products but rather offers innovative, AI-native solutions [18][22]. - Investment interest in AI hardware surged in 2025, with many startups successfully securing funding as the market recognized the potential for hardware to complement AI capabilities [19][22]. - Major investment firms, including Sequoia and Linear Capital, have increased their focus on AI hardware, reflecting a broader industry shift towards recognizing the importance of hardware in the AI ecosystem [22][24]. Group 4: Entrepreneurial Approaches - Entrepreneurs in the AI hardware space are exploring diverse strategies, with some focusing on creating highly specialized products that address specific consumer needs, while others aim for broader, multifunctional devices [25][27]. - The success of AI hardware products often hinges on their ability to provide clear, immediate value to consumers, as seen in the development of products like AI health trackers and educational tools [26][27]. - The article emphasizes the importance of building consumer trust and emotional connections with AI hardware, suggesting that products should not only be functional but also resonate on a personal level with users [27][30].

Group 1 - The core viewpoint of the news is that Lexin Technology's stock price increased by 5.05%, reaching 171.66 yuan per share, with a trading volume of 533 million yuan and a turnover rate of 2.03%, resulting in a total market capitalization of 28.692 billion yuan [1] - Lexin Technology, established on April 29, 2008, and listed on July 22, 2019, is primarily engaged in the research, design, and sales of integrated circuit products [1] - The main revenue composition of Lexin Technology includes modules and development kits at 60.47%, chips at 38.89%, and other sources at 0.64% [1] Group 2 - Among the top circulating shareholders of Lexin Technology, a fund under Harvest Fund ranks first, having reduced its holdings by 100,100 shares to 2.134 million shares, which represents 1.36% of the circulating shares [2] - The Harvest SSE STAR Chip ETF (588200) was established on September 30, 2022, with a latest scale of 39.658 billion yuan, achieving a year-to-date return of 11.86% and a one-year return of 71.63% [2] - The fund manager, Tian Guangyuan, has a cumulative tenure of 4 years and 342 days, with the fund's total asset scale at 79.133 billion yuan, achieving the best return of 163.5% and the worst return of -46.65% during his tenure [2]

近7日(2026年2月6日至12日)，乐鑫科技股价区间涨幅1.93%，振幅4.76%，最高价166.44元(2月12日)， 最低价158.75元(2月6日)。截至2月12日收盘，股价报164.64元，当日涨0.75%，半导体板块同期涨 2.26%。资金流向方面，2月11日主力资金净流出433.08万元，但2月12日主力净流入1767.84万元，显示 短期资金面波动。融资融券余额截至2月11日为8.66亿元，较前期略有下降。 经济观察网乐鑫科技于2026年2月2日董事会审议通过股份回购方案，并于2月3日披露公告。根据2月12 日发布的回购前股东持股情况，截至2月2日，控股股东乐鑫(香港)投资有限公司持股36.62%，全国社保 基金一一四组合持股1.65%，嘉实上证科创板芯片ETF等机构产品在列，前十大股东合计持股超49%。 无限售条件股东中，乐鑫香港持股比例提升至39.06%。回购计划旨在提升股东回报，优化资本结构。 股票近期走势 以上内容基于公开资料整理，不构成投资建议。 ...

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。 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"） 于 2026 年 2 月 2 日召开了第三届董事会第十三次会议，审议通过了《关于以集 中竞价交易方式回购公司股份方案的议案》，具体详见公司于 2026 年 2 月 3 日在 上海证券交易所网站(www.sse.com.cn)披露的《关于以集中竞价交易方式回购公 司股份方案的公告》（公告编号：2026-003）。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关 规定，现将董事会披露回购股份方案前一个交易日（2026 年 2 月 2 日）登记在 册的前十大股东和前十大无限售条件股东的名称、持股数量及持股比例公告如 下： | 序号 | 股东名称 | | 持股数量 | 持股比例 | | --- | --- | --- | --- | --- | | | | | （股） | （%） | | 1 | 樂鑫（香港）投資有限公司 | | 61,210,572 | 36.62 | | 2 | 香港中央结 ...

Core Insights - The report emphasizes the dual focus on AI advancements and the deepening of domestic network capabilities in the communication industry, predicting significant growth in AI-related investments and domestic production across various segments [4][5][6] - The anticipated performance for Q4 2025 shows a robust increase in net profits for key companies, with some expected to see over 50% year-on-year growth [4][15] Group 1: AI and Network Development - The AI focus is expected to evolve around overseas mapping, optical communication trends, and changes in optoelectronic technology, with a shift from Scale out to Scale up in ecosystem development [4][5] - Domestic production trends are accelerating across four key areas: chips, cloud, network, and end devices, with significant growth potential in the chip sector due to global supply chain dynamics [4][5] - The report highlights the expected explosion in demand for optical devices and chips, driven by AI needs and the introduction of new technologies like silicon photonics [5][6] Group 2: Company Performance Predictions - Key companies are projected to experience substantial profit growth, with notable increases such as Heertai (+798%), Guangku Technology (+439%), and 5.5G Canqin Technology (+290%) [4][15] - The report outlines specific performance forecasts for major players, indicating a strong recovery in demand across various sectors, including optical communication and satellite internet [4][15] - Companies like China Mobile and ZTE are expected to benefit from increased capital expenditures directed towards AI and network investments, enhancing their revenue and profitability [6][15] Group 3: Investment Opportunities - The report identifies several investment opportunities in the AI computing network, including companies like Zhongji Xuchuang and Xinyi Technology, which are positioned to benefit from the growing demand for AI capabilities [4][6] - The satellite internet sector is highlighted as having high barriers to entry and significant long-term investment potential, with companies like Zhenyou Technology and Xinke Mobile being key players [4][6] - The IoT sector is expected to see a surge in demand driven by AI and robotics, with companies like Lexin Technology and Guanghe Technology poised for growth [10][11]

证券代码：688018 证券简称：乐鑫科技 公告编号：2026-006 注：上述变动情况暂未考虑其他因素影响，以上测算数据仅供参考，具体回购股份数量 及公司股权结构实际变动情况以后续实施情况为准。 乐鑫信息科技（上海）股份有限公司 关于以集中竞价交易方式回购公司股份的 回购报告书的更正公告 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。 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"） 于 2026 年 2 月 4 日披露了《乐鑫科技关于以集中竞价交易方式回购公司股份的 回购报告书》（公告编号：2026-004），现对原公告列示有误内容进行更正，具体 更正内容如下： 更正前： （七）预计回购后公司股权结构的变动情况 按照本次拟回购金额下限人民币 5,000 万元（含）和上限人民币 10,000 万元 （含），回购价格上限 170.29 元/股进行测算，假设本次回购股份全部用于员工 持股或股权激励计划并全部予以锁定，预计公司股权结构的变动情况如下： | 股份类别 | 本次回购前 | | 按照回购金额上限 | ...

AIoT芯片领域龙头企业 乐鑫科技 （688018.SH）拟回购股份彰显发展信心。 2月2日，乐鑫科技公告，公司控股股东、实控人、董事长TEO SWEE ANN张瑞安提议公司以自有资金 回购公司部分A股股票，回购资金总额不低于5000万元（含），不超过1亿元（含），回购股份用于员 工持股或股权激励计划。 此次回购底气源于公司扎实的经营基本面，2025年前三季度，公司实现营收19.12亿元、归母净利润3.77 亿元，同比分别增长30.97%、50.04%， 综合 毛利率攀升至46.17%。 公开资料显示，乐鑫科技于2008年在上海创立，自成立之初便聚焦 物联网 领域，以"处理+连接"为核心 方向，致力于为全球客户提供AIoT SoC芯片及整体解决方案。2019年，公司成功登陆上交所科创板。 凭借对物联网赛道的深耕细作，公司近年经营业绩呈现"营收稳步增长、盈利持续提升"的良好态势。 2022年—2024年，公司营收规模持续扩大，分别为12.71亿元、14.33亿元、20.07亿元；归母净利润分别 为9732万元、1.36亿元、3.39亿元。 拟最高1亿元回购股份 2月2日，乐鑫科技发布公告称，基于对公司未来持续发 ...

证券日报网讯 2月3日，乐鑫科技在互动平台回答投资者提问时表示，公司推出独立的处理器产品线， 可以让开发者获得足够强的算力；同时继续提供高质量、低功耗的连接芯片，两者可以灵活组合，满足 不同客户的系统架构。基于RISC-V自研IP的AI端侧芯片研发及产业化项目预计建设周期为2年，新一代 端侧AI芯片将针对快速发展的智能家居、智能控制等终端市场，研制具有高度集成、高可靠性、低延 迟、低功耗等特点，并可快速完成AI推理或计算任务的新一代端侧SoC。 （文章来源：证券日报） ...