海光信息公告，大股东成都蓝海轻舟企业管理合伙企业（有限合伙）持有1.41亿股，占6.09%，计划自 公告披露起15个交易日后的2026年2月13日至2026年5月12日，通过大宗交易和/或集中竞价方式减持不 超过1162万股，占0.50%，所减持股份来源为IPO前取得。 ...

中信证券股份有限公司 关于海光信息技术股份有限公司 差异化权益分派事项的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为海光 信息技术股份有限公司（以下简称"公司"、"海光信息"或"发行人"）首次 公开发行股票并在科创板上市的保荐机构。根据《中华人民共和国公司法》《中 华人民共和国证券法》《证券发行上市保荐业务管理办法》《上海证券交易所科 创板股票上市规则》等有关规定，对海光信息本次差异化权益分派事项进行了专 项核查，核查情况如下： 一、本次差异化权益分派方案 （一）回购情况 公司于 2023 年 8 月 25 日、2024 年 2 月 22 日召开第一届董事会第二十六次 会议和第二届董事会第三次会议，分别审议通过了《关于以集中竞价交易方式回 购公司股份的方案》。截至本业务申请提交日，公司已完成第一期回购和第二期 回购，公司回购专用证券账户（B886017884）中合计持有股份 4,725,316 股，不 参与利润分配。 （二）申请特殊除权除息处理的依据 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，公司回购专用证券账户中的股份不享有股东会表决权、利润分 ...

证券代码：688041 证券简称：海光信息 公告编号：2026-001 海光信息技术股份有限公司 2025年中期权益分派实施公告 本公司董事会及全体董事保证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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2026/1/28 | 2026/1/29 | 2026/1/29 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经海光信息技术股份有限公司（以下简称"公司"）2025 年 12 月 29 日的2025年第三次临时股东会审议通过。 二、 分配方案 1. 发放年度：2025年中期 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》《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，公司回购专用证券账户中的股份不享有股东会表 决权、利润分配、公积金转增股本、认购新股和可 ...

海光信息公告称，公司2025年中期权益分派方案经2025年第三次临时股东会审议通过。拟以股权登记日 登记的总股本扣减回购专用证券账户股份为基数，向全体股东每股派现金红利0.09元（含税），不转增 股本、不送红股。截至公告日，公司总股本23.24亿股，扣除回购账户股份472.53万股，实际参与分配股 本23.20亿股，拟派发现金红利2.09亿元（含税）。股权登记日为2026年1月28日，除权（息）日、现金 红利发放日为1月29日。 ...

| 交易日期 证券简称 | | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 026-01-22 | 海光信息 | 688041 | 288.5 432.75 | 1.5 | 藝能發樂學學園 | 用意想通透酸的 | ко | 1月22日，海光信息大宗交易成交1.5万股，成交额432.75万元，占当日总成交额的0.03%，成交价288.5 元，较市场收盘价288.5元持平。 ...

Core Viewpoint - The A-share market experienced fluctuations, particularly in the hard technology sector, with the Sci-Tech Chip 50 ETF (588750) reaching a new high during the trading session [1] Group 1: Market Performance - The Shanghai Stock Exchange Sci-Tech Chip Index (000685) fell by 0.07%, with constituent stocks showing mixed performance; Longxin Zhongke led with an increase of 8.81%, while Aiwai Electronics dropped by 4.23% [3] - The Sci-Tech Chip 50 ETF (588750) maintained a flat position, indicating resilience despite market volatility [1] Group 2: Semiconductor Pricing Trends - Following price increases in storage chips, CPU prices are also expected to rise by 10%-15% due to high demand from global cloud service providers, with Intel and AMD's server CPU capacities for 2026 already sold out [5] - The demand for CPUs is driven by the explosion of AI computing needs, with server CPU market demand significantly increasing due to the expansion of AI server shipments and traditional server upgrades [5] Group 3: Supply-Demand Dynamics - Intel anticipates that CPU shortages will peak in Q1 2026, as demand continues to exceed supply, with no plans to expand production capacity for current nodes [6] - The development of AI Agents is expected to significantly increase CPU demand, potentially making CPUs a bottleneck before GPUs [7] Group 4: Long-term Growth Projections - The number of active AI Agents is projected to rise from approximately 28.6 million in 2025 to 2.216 billion by 2030, leading to a substantial increase in CPU demand [8] - The domestic token consumption related to AI is expected to reach 10.95 trillion annually by 2024, indicating a strong market for CPUs in AI applications [9] Group 5: Investment Opportunities - The semiconductor equipment sector is maintaining high demand, with global semiconductor sales expected to reach $75.2 billion by November 2025, reflecting a year-on-year growth of 29.8% [10] - The Sci-Tech Chip 50 ETF (588750) focuses on high-tech segments of the semiconductor industry, showing strong growth potential and resilience compared to other indices [11][15]

Summary of Conference Call Notes Industry Overview - The conference call focuses on the CPU industry, particularly in the context of AI advancements and the increasing demand for computing power in data centers [1][2][4]. Key Points and Arguments - **Growth in CPU Business**: The CPU business is expected to grow by over 50%, with AI-related revenues projected to reach $14-15 billion. Intel's data center CPUs are nearing sell-out status, indicating strong demand driven by AI [1][2]. - **CPU as a Bottleneck**: Technical analyses indicate that CPUs are becoming the primary performance bottleneck for AGI inference. Collaborations between Nvidia and Intel to customize X86 data center CPUs highlight the strategic importance of CPUs in next-generation AI systems [1][2]. - **Price Increases**: Server-side CPU prices have risen by 10%-20% since early 2026, with high-end multi-core products experiencing even greater price increases due to tight supply and high demand from AI applications [1][8]. - **CXL Technology**: The transition from CXL 2.0 to 3.0 enhances the ability to connect thousands of AI servers, addressing DRAM shortages by creating a shared resource pool. This technology is crucial for managing storage resources effectively [10][11]. Additional Important Insights - **Market Dynamics**: The tight supply of CPUs is not solely due to upstream cost increases but is significantly driven by the demand from AI applications, which require more CPU resources for processing tasks [4][8]. - **High Concurrency Needs**: In the Agent AI era, addressing latency issues is critical. Multi-core, high-thread CPUs are better suited for high-concurrency tasks, especially as GPU supply chains face constraints [5][6]. - **Emerging Companies**: Companies like Haiguang Information and Lanke Technology are positioned to benefit from the growing demand for CPUs and related technologies. Haiguang is noted for its dual focus on CPUs and DPUs, while Lanke is capitalizing on the rise of DDR5 and CXL technology [3][12][13]. Conclusion - The current landscape of the CPU industry is characterized by significant growth driven by AI demand, strategic technological advancements, and evolving market dynamics. The importance of CPUs in AI infrastructure is underscored by their rising prices and the critical role of CXL technology in addressing resource shortages.

Market Overview - The Shanghai Composite Index rose by 0.08% to close at 4116.94 points, with a daily high of 4135.96 points [1] - The Shenzhen Component Index increased by 0.7% to close at 14255.12 points, reaching a peak of 14320.94 points [1] - The ChiNext Index gained 0.54%, closing at 3295.52 points, with a maximum of 3329.5 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets reached 27119.75 billion yuan, with a financing balance of 26945.23 billion yuan and a securities lending balance of 174.52 billion yuan [2] - This represents an increase of 115.92 billion yuan compared to the previous trading day [2] - The Shanghai market's margin trading balance was 13746.08 billion yuan, up by 101.13 billion yuan, while the Shenzhen market's balance was 13373.67 billion yuan, increasing by 14.8 billion yuan [2] Fund Issuance - Seven new funds were launched yesterday, including: - E Fund Hong Kong Stock Connect Consumer Mixed A - E Fund Hong Kong Stock Connect Consumer Mixed C - Huitianfu Gain Return Bond A - Huaxia CSI 500 Free Cash Flow ETF Link C - Huitianfu Gain Return Bond C - Huaxia CSI 500 Free Cash Flow ETF Link A - E Fund Shanghai Composite ETF [4] Top Net Purchases on the Dragon and Tiger List - The top 10 net purchases on the Dragon and Tiger list included: - Zhongtung High-tech with a net purchase of 57664.7 million yuan - Longxin Technology with 26946.73 million yuan - Dazhu CNC with 25319.57 million yuan - Zhongrong Electric with 21762.39 million yuan - Tongfu Microelectronics with 20382.62 million yuan [6]

Group 1 - The core viewpoint emphasizes that semiconductor equipment is a key beneficiary sector driven by AI, with significant growth potential in the semiconductor industry [3] - Demand is directly driven by AI infrastructure construction, leading to continuous expansion of advanced wafer manufacturing capacity, particularly in advanced processes and CoWoS packaging, which increases the demand for core semiconductor equipment like EUV lithography machines [3] - ASML is highlighted as a critical player, being the sole supplier of EUV equipment, and is expected to benefit significantly from capital expenditures and capacity expansions by leading companies like TSMC and Samsung to meet AI chip demands [3] - The report identifies domestic equipment opportunities, naming Northern Huachuang and Zhongwei as key targets in Greater China, benefiting from local capacity expansion driven by self-sufficiency policies [3] - Long-term growth certainty is noted, as semiconductor equipment is positioned upstream in the supply chain with high technical barriers, expected to benefit from global semiconductor technology iterations and capacity investment cycles [3] Group 2 - The semiconductor equipment ETF (561980) is currently tracking the CSI Semiconductor Index, which has shown the strongest trend among mainstream semiconductor indices, outperforming the Sci-Tech Innovation Chip Index by over 100% since 2020 and doubling in value since 2025 [3] - The ETF not only has a high content of equipment and materials but also covers AI chip design, indicating its comprehensive exposure to a lucrative sector [3]

Core Insights - The total margin financing balance on the STAR Market increased by 266 million yuan, while the margin short selling balance rose by 46.75 million yuan, indicating a positive trend in investor sentiment [1][2]. Financing Balance Summary - As of January 21, the total margin financing balance reached 294.898 billion yuan, with a financing balance of 293.822 billion yuan and a short selling balance of 1.075 billion yuan [1]. - The stock with the highest financing balance is Cambrian (寒武纪) at 15.084 billion yuan, followed by SMIC (中芯国际) at 13.366 billion yuan and Haiguang Information (海光信息) at 8.126 billion yuan [1]. - A total of 262 stocks saw an increase in financing balance, while 332 stocks experienced a decrease. Notable increases were seen in Hengyu Environmental (恒誉环保) at 16.13%, Yongxi Electronics (甬矽电子) at 11.78%, and China Resources Micro (华润微) at 11.39% [1]. Short Selling Balance Summary - The stock with the highest short selling balance is Haiguang Information at 49 million yuan, followed by Baiwei Storage (佰维存储) at 37 million yuan and Cambrian at 34 million yuan [2]. - A total of 246 stocks experienced an increase in short selling balance, while 161 stocks saw a decrease. Significant increases were noted in Zongheng Co. (纵横股份) at 775.40%, Galaxy Microelectronics (银河微电) at 585.15%, and Kemei Diagnostics (科美诊断) at 542.64% [2].