经济观察网 安路科技在披露股东减持计划后股价仍出现上涨，主要受以下多因素综合影响： 股价异动原因 根据2026年2月8日的公告，七大股东（含国家大基金、士兰微（600460）等）拟合计减持不超过4%股 份，其中大基金拟减持2%。该减持计划在市场预期之内：历史减持惯性：上述股东曾在2025年8月披露 减持计划并已完成套现，此次为短期内的第二次集体减持，市场对股东退出节奏已有一定预判。减持规 模可控：本次减持上限为1603万股，以公告日收盘价估算市值约4.6亿元，而公司当日成交额达20.68亿 元，减持压力相对有限。 行业板块情况 2026年2月12日半导体板块整体上涨2.43%，安路科技作为FPGA芯片设计企业，受益于AI算力需求提升 及国产替代逻辑：技术面共振：公司股价当日涨3.85%，换手率1.69%，量比1.14，显示买盘活跃。同期 半导体指数（H30184）上涨2.34%，板块资金流入形成支撑。估值修复动力：公司市盈率（TTM） 为-51.71倍，虽为负值，但较部分同业公司（如复旦微电151.18倍）存在估值差距，资金可能博弈长期 修复空间。 资金面与技术面 短期资金流入：2月11日主力资金净流入259 ...

2月10日，两市窄幅震荡，芯片设计概念上涨。相关ETF方面，科创芯片设计ETF天弘（589070）标的 指数收盘涨1.25%，产品成交额达4854.67万元。成分股中，芯原股份、新相微、东芯股份、盛科通信-U 涨超5%，翱捷科技-U、海光信息、安路科技等多股跟涨。 科创芯片设计ETF天弘（589070）上市以来累计获资金净流入6934.91万元。截至2026年2月9日，该基 金最新规模为6.54亿元，再创上市以来新高。 科创芯片设计ETF天弘（589070）通过聚焦科创板芯片设计企业，实现了三大细分赛道的全覆盖，既能 够捕捉单一赛道的爆发式增长，又能通过赛道分散降低个股风险。当前半导体行业处于复苏周期，叠加 政策与需求双重利好，科创芯片设计ETF天弘（589070）的配置价值进一步凸显。 消息面上，据搜狐科技报道，阿里巴巴于2月10日正式推出新一代图像生成模型Qwen-Image-2.0，其负 责人吴晨飞以"准多齐美真"概括模型在精准渲染、复杂指令支持及中文排版上的核心优势。另据南方财 经网消息，该模型在AIArena评测中获得1029分，超越多款国际竞品，并支持1K长文本输入与2K高分辨 率输出。品玩亦指出 ...

Market Overview - A-shares experienced narrow fluctuations, with the Sci-Tech Innovation Board showing strong performance, particularly in AI applications and computing chips [1] - The Hong Kong stock market saw a significant rebound in the pharmaceutical sector, with the Hong Kong Innovation Drug ETF (520880) reaching a peak increase of 3.86% and closing up 2.9% [3][5] ETF Performance - The Hong Kong Innovation Drug ETF (520880) recorded a trading volume of 5.9 billion, while the Hong Kong Medical ETF (159137) rose by 2.1%, marking its sixth consecutive day of gains [2][3] - The Sci-Tech Artificial Intelligence ETF (589520) increased by 1.81%, with a peak rise of over 2.4% during the trading session [8] Industry Insights - The Chinese innovative drug sector is experiencing a dual breakthrough in internationalization and commercialization, with over 70% of innovative drug companies reporting positive revenue growth [6][7] - Significant collaborations in the innovative drug space include a strategic partnership between Innovent Biologics and Eli Lilly, valued at up to $8.85 billion, and a $18.5 billion collaboration between CSPC Pharmaceutical and AstraZeneca [6] AI and Technology Developments - ByteDance's recent launches, including the Seedance 2.0 video generation model and Seedream 5.0 image generation model, have generated significant interest in the AI sector [11] - The Sci-Tech Artificial Intelligence ETF (589520) has a substantial exposure to ByteDance, with a weight of 29.42% in its index [11][13] Semiconductor and Chip Industry - The semiconductor equipment industry is experiencing an upward trend, with projected sales growth of 26% in 2026, reaching $791.7 billion [17] - The Sci-Tech Chip ETF (589190) is positioned to benefit from the ongoing "super cycle" in the semiconductor industry, with a focus on domestic production and expansion [15][17] Investment Strategy - Analysts suggest that the current market conditions present a favorable opportunity for investment in innovative drugs and AI sectors, with a recommendation to focus on ETFs that track these industries [7][19] - The Sci-Tech Chip ETF has shown a strong annualized return of 17.93%, outperforming other semiconductor indices [19][20]

2月8日晚间，一则来自上海证券交易所的公告，再度将半导体行业推至资本市场的聚光灯下。国内 现场可编程门阵列（FPGA）芯片领先企业安路科技发布公告称，公司股东国家集成电路产业投资基金 （以下简称"国家大基金"）等多名股东计划合计减持不超过公司总股本4%的股份。其中，国家大基金 拟减持不超过802万股，占总股本比例不超过2%。 事实上，这只是近期国家大基金系列减持动作中的最新一例。此前数日，沪硅产业、慧智微、泰凌 微等半导体产业链企业已相继披露了国家大基金或其二期基金的减持进展或计划。这一系列密集的资本 运作，引发了市场对国家大基金动向的关注。 "对于市场和投资者而言，面对产业资本的正常进退，需要的是多一份理性。"业内人士表示，近期 国家大基金在安路科技、沪硅产业等公司上的减持操作，不应被简单视为利空信号，而应被解读为中国 半导体产业在国家战略资本牵引下，步入了一个更加成熟、自信发展新阶段的标志性现象。 要理解国家大基金近期的减持行为，首先就要认识国家大基金的性质与使命。国家大基金不是普通 的财务投资者，而是国家为破解集成电路产业"卡脖子"难题、推动产业跨越式发展而设立的专项战略投 资基金。 具体来看，国家大基 ...

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "National Big Fund") has been actively reducing its holdings in the semiconductor sector since the beginning of the year, which has drawn significant market attention [1] Group 1: Fund Reduction Activities - On February 8, Anlu Technology (688107.SH) announced that the Big Fund Phase I plans to reduce its holdings by no more than 2% of the company's total share capital within the next three months [1] - This marks the third time since 2025 that Anlu Technology has faced a reduction plan from the Big Fund [1] - Other semiconductor companies such as Hu Silicon Industry (688126.SH), Tailin Micro (688591.SH), and Huizhi Micro (688512.SH) have also recently disclosed the latest reduction progress or plans from the Big Fund [1] Group 2: Long-term Strategy - Despite the frequent short-term reduction activities, the industry generally views this as a normal exit behavior for an investment fund, indicating that the strategic direction of supporting domestic growth and facilitating domestic substitution remains unchanged [1]

开年以来，国家集成电路产业投资基金（下称"国家大基金"）在半导体板块的减持动作持续受到市场关 注。2月8日晚间，安路科技（688107.SH）发布公告称，股东大基金一期拟在未来三个月内减持不超过 公司总股本的2%。这已是安路科技自2025年以来第三次迎来大基金的减持计划。 与此同时，沪硅产业（688126.SH）、泰凌微（688591.SH）、慧智微（688512.SH）等多家半导体公司 也在近期相继披露了大基金的最新减持进展或计划。从已公布的信息来看，大基金一期、二期均有减持 操作，涉及公司多为已上市多年的半导体产业链企业。 尽管短期内减持动作频繁，但业内普遍认为，这是大基金作为产业投资基金的正常投资退出行为，长期 陪伴产业成长、助力国产替代的战略方向并未改变。 大基金多次减持安路科技、沪硅产业 在近期公告大基金减持计划或减持进展的半导体上市公司中，沪硅产业与安路科技都是在近半个月内迎 来二度减持。 截至公告日，大基金一期持有安路科技2295.45万股股份，占公司总股本的5.73%，均为IPO前取得。此 次减持计划显示，大基金拟在公告披露之日起15个交易日后的3个月内，通过集中竞价或大宗交易方式 减持不超过 ...

春节前夕，半导体板块的公告栏显得颇为繁忙，主角之一正是国家大基金。 2月8日晚间，安路科技发布公告，除国家大基金外，深圳思齐、士兰创投、士兰微等股东也同步披露了 减持计划，各方合计拟减持比例高达4%。其中，国家大基金目前持有安路科技5.73%的股份，此次拟减 持不超过2%。对于减持原因，公告表示，减持系股东"自身经营管理需要"。值得一提的是，安路科技 同日发布的2025年业绩预告显示，公司预计年度营收同比下滑，净利润持续亏损，但同时透露自第二季 度起已呈现逐季环比增长的复苏态势。公司近期还出台了一份不超过12.62亿元的定增预案，旨在投向 先进工艺平台芯片研发等项目。 2月8日晚间，一则来自上海证券交易所的公告，再度将半导体行业推至资本市场的聚光灯下。国内 FPGA芯片领先企业安路科技发布公告称，公司股东国家集成电路产业投资基金（以下简称"国家大基 金"）等多名股东计划合计减持不超过公司总股本4%的股份。其中，国家大基金拟减持不超过802万 股，占总股本比例不超过2%。 事实上，这只是近期国家大基金系列减持动作中的最新一例。此前数日，沪硅产业、慧智微、泰凌微等 半导体产业链企业已相继披露了国家大基金或其二期基 ...

Group 1 - Company Saisir signed a cooperation agreement with the Shapingba District Government of Chongqing, establishing a new company funded by the separation of existing assets related to blue electric vehicles [1] - The new company will have a shareholding structure where the SPV holds approximately 33.5%, other investors hold about 18.5%, and the company and its designated entities hold around 32% [1] - The new company's board will consist of 5 members, with the company appointing 1 member [1] Group 2 - Yunlu Co., Ltd. announced that the detention measures against its Chairman and General Manager, Li Xiaoyu, have been lifted, allowing him to resume his duties [2] - Lin Yang Energy's controlling shareholder plans to increase its stake in the company by investing between 50 million and 100 million yuan within the next 12 months [3] - Zhongfu Shenying's controlling shareholder plans to reduce its stake by up to 3%, amounting to a maximum of 27 million shares [4] Group 3 - Anlu Technology's shareholders, including several investment funds, plan to collectively reduce their stake by up to 4% [5] - Jinfeng Technology is in the planning stage of a share acquisition, with its controlling shareholder intending to transfer 6% of the company's shares [6] - Shenjian Co., Ltd. reported that its revenue from the commercial aerospace sector is less than 1% of its total revenue, indicating limited contribution from this segment [7] Group 4 - Guolian Minsheng plans to increase its investment in Minsheng Securities by 200 million yuan, with the funds sourced from a specific stock issuance [8] - Zhongsheng Pharmaceutical's subsidiary has reported positive results from two Phase III clinical trials for its innovative drug, indicating effective treatment for influenza in children and adolescents [9] - Mingguan New Materials has decided to terminate its investment in a solar backplane and functional film production project due to industry overcapacity and declining profitability [10] Group 5 - Huading Co., Ltd.'s controlling shareholder plans to publicly solicit buyers for a 6% stake in the company [11] - Tiancheng Auto Control's subsidiary has received a notification to supply passenger car seats for a major automotive client, with a project lifecycle value of 2.3 billion yuan [12] - Shanshan Co., Ltd. signed a restructuring investment agreement that may lead to a change in its controlling shareholder to Anhui State-owned Assets Supervision and Administration Commission [13] Group 6 - Sichuan Changhong intends to transfer 58.33% of its subsidiary's equity to its controlling shareholder for 33.1245 million yuan, as the subsidiary's business has ceased operations [14] - Ruili Kemi is planning to acquire a 16% stake in its subsidiary, with the stock being suspended from trading [15] - Yongtai Technology is also planning to purchase a 25% stake in Yongtai High-tech from Ningde Times, with its stock suspended from trading as well [16][17]

【减持】 【澄清否认】 1、神剑股份公告，公司商业航天（核心股）应用领域收入占公司2025年度营业总收入比例不足1%。 2、金富科技公告，公司主营业务与标的公司主营业务属于不同的行业，运营管理能力、协调整合能力 等将面临一定的考验。 【其他】 1、国投白银（核心股）LOF公告，2026年2月9日开市起至10:30停牌，10:30复牌；国投瑞银基金已成立 工作组，积极解决白银LOF基金投资者诉求 2、明冠新材公告，公司决定终止与肥东县人民政府签订的太阳能背板及功能性膜生产基地项目投资合 作协议。 1、安路科技公告，国家大基金等股东拟合计减持不超4%公司股份，其中国家大基金拟减持不超过 801.7万股，占公司总股本的比例不超过2%。 2、鹿山新材公告，控股股东汪加胜及一致行动人鹿山信息拟合计减持不超3%股份。 3、沪硅产业公告，第二大股东国家大基金拟减持不超过3%公司股份。 4、完美世界公告，实际控制人池宇峰1月5日至2月6日减持3297.93万股。 3、天晟新材公告，因涉嫌信息披露违法违规被证监会立案。 4、亚辉龙公告，涉嫌信息披露违法违规，被证监会立案。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑 ...

2月8日，有"FPGA第一股"之称的上海安路信息科技股份有限公司（证券代码：688107，证券简称：安 路科技）发布公告，披露公司多名股东拟实施股份减持计划。公司近期陆续收到国家集成电路产业投资 基金股份有限公司（下称"国家大基金"）、上海安芯企业管理合伙企业（有限合伙）（下称"安芯合 伙"）等7名股东出具的减持计划告知函，各股东拟根据自身需求，通过合规方式减持公司部分股份。 安芯合伙及其一致行动人同步推出减持计划。其中，安芯合伙拟减持不超过365.27万股，占公司总股本 的比例不超过0.91%；其一致行动人上海安路芯半导体技术合伙企业（有限合伙）（下称"安路芯合 伙"）拟减持不超过14.81万股，占比不超过0.0369%；另一一致行动人上海芯添企业管理合伙企业（有 限合伙）（下称"芯添合伙"）拟减持不超过20.77万股，占比不超过0.05%。三者合计拟减持比例不超过 0.9969%，减持原因均为自身资金需求。据悉，安芯合伙、安路芯合伙、芯添合伙合计持有安路科技 8337.48万股股份，占公司总股本的20.80%，三者的执行事务合伙人均为上海导贤半导体有限公司，构 成一致行动关系。 此外，深圳思齐资本信息技术 ...