11月26日突破半年线个股乖离率排名 证券时报·数据宝统计，截至今日下午14:01，上证综指3868.16点，收于半年线之上，涨跌幅-0.05%，A 股总成交额为14667.00亿元。到目前为止，今日有100只A股价格突破了半年线，其中乖离率较大的个股 有英集芯、福元医药、梅雁吉祥等，乖离率分别为9.77%、9.66%、9.62%；贵州茅台、光大同创、中国 医药等个股乖离率较小，刚刚站上半年线。 | 920726 | 朱老六 | 8.38 | 14.87 | 20.62 | 21.46 | 4.06 | | --- | --- | --- | --- | --- | --- | --- | | 002444 | 巨星科 | 4.31 | 1.14 | 30.01 | 31.20 | 3.96 | | | 技 | | | | | | | 002510 | 天汽模 | 10.00 | 11.73 | 6.80 | 7.04 | 3.55 | | 000785 | 居然智 家 | 9.89 | 3.07 | 3.01 | 3.1 1 | 3.45 | | 300147 | ST香雪 | 4.59 | 2.68 | ...

Core Insights - The M&A restructuring market has been significantly boosted by policy initiatives, particularly the introduction of the "Six M&A Guidelines," leading to a notable increase in market activity and a strong demand for industry chain optimization [1][2] Group 1: M&A Activity and Trends - Since the release of the "Six M&A Guidelines" on September 24, 2024, there have been 5,868 disclosed M&A events in the A-share market, with 2,745 transactions involving equity purchases by listed companies or their subsidiaries [1] - The total transaction value of disclosed M&A deals reached 7.49 trillion yuan, marking a substantial increase in both scale and quantity compared to previous years [1] - A new trend has emerged where, despite industrial M&A remaining dominant, companies are increasingly favoring new productive capacity targets [1][2] Group 2: Market Dynamics - The proportion of market-based transactions has risen significantly, with non-related transactions accounting for over 70% of the 2,745 equity transactions since the "Six M&A Guidelines" were published [2] - In major restructuring transactions, while related transactions still dominate in terms of value, the share of non-related transactions has increased compared to the previous year [2] Group 3: Challenges in Market Transactions - Market-based transactions generally face higher difficulties, with a termination rate of nearly 60% for non-related major restructuring transactions last year, compared to a termination rate of about 30% for related transactions [3] - In 2025, 24% of disclosed non-related major restructuring transactions have already been terminated, indicating a higher failure rate compared to related transactions [3] Group 4: Shift in Market Participants - There is a noticeable trend of star companies from the primary market transitioning from IPOs to becoming acquirers in the M&A market, driven by stricter IPO reviews and ongoing policy optimization [6] - Notable cases include Zhiyuan Robotics acquiring a controlling stake in Shangwei New Materials, marking a significant shift in the behavior of primary market companies [6][7] Group 5: Valuation Discrepancies - There exists a significant valuation gap between assets in the M&A market and those in the IPO market, complicating negotiations and increasing the difficulty of transactions [8] - Acquiring small-cap listed companies allows primary market firms to leverage capital market platforms for smoother financing and capital operations, enhancing the quality of existing listed companies [9]

Core Viewpoint - The company, Yingjixin Technology Co., Ltd., has shown significant growth in the automotive electronics and consumer electronics sectors, particularly in power management and fast charging protocol chips, with a notable increase in revenue and net profit in recent financial reports [2][8]. Group 1: Company Overview - Yingjixin Technology was established on November 20, 2014, and is located in Zhuhai, Guangdong Province. The company specializes in the research and sales of power management and fast charging protocol chips [7]. - The main business revenue composition includes: power management at 65.15%, mixed-signal SoC at 22.02%, battery management at 12.33%, and others at 0.49% [7]. - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [3]. Group 2: Financial Performance - As of September 30, 2025, Yingjixin achieved a revenue of 1.169 billion yuan, representing a year-on-year growth of 14.16%, and a net profit of 114 million yuan, with a year-on-year increase of 28.54% [8]. - The company has distributed a total of 171 million yuan in dividends since its A-share listing, with 155 million yuan distributed over the past three years [9]. Group 3: Market Position and Product Development - The company has successfully developed automotive-grade charging chips that meet AEC-Q100 standards, which have been adopted by domestic and international automotive manufacturers [2]. - Yingjixin's TWS earphone charging case chip offers a highly integrated power solution, reducing design complexity and material costs for customers [2]. - The company is recognized as a major supplier of power management and fast charging protocol chips in the consumer electronics market [2].

Core Viewpoint - The article discusses the performance of the Zhongzheng 1000 ETF Enhanced (561280), highlighting its recent market movements and key holdings [1]. Group 1: Fund Performance - The Zhongzheng 1000 ETF Enhanced (561280) opened with a gain of 0.56%, priced at 1.443 yuan [1]. - Since its establishment on August 31, 2023, the fund has achieved a return of 42.77%, while its return over the past month has been -4.93% [1]. Group 2: Key Holdings - Major stocks in the fund include: - Boqian New Materials, up 0.68% - Haoyuan Pharmaceutical, up 0.88% - Yingjixin, up 1.01% - Caixun Co., up 0.51% - Jinma Amusement, up 1.22% - Panjiang Co., up 0.42% - Jindawei, up 1.02% - Yiyuan Communication, up 0.69% - Minxin Co., up 0.50% - Nami Technology, up 0.48% [1].

来源：新浪证券-红岸工作室 11月21日，英集芯跌5.54%，成交额1.34亿元，换手率1.65%，总市值79.34亿元。 异动分析 汽车芯片+无线耳机+消费电子概念+芯片概念+专精特新 1、根据2025年4月29日公告：在汽车电子领域，公司成功研发符合AEC-Q100标准的车规级车充芯片， 并顺利导入国内外汽车厂商，完成规模量产。 2、2022年3月29日招股书显示英集芯的TWS耳机充电仓芯片能够以单颗芯片为TWS耳机充电仓提供高 集成度的电源解决方案,支持MCU软件深度定制,可降低客户的设计复杂度和物料成本。英集芯专门为 TWS耳机充电仓设计的电源管理芯片不仅支持电源管理功能,还集成了双向通讯功能和内部通讯隔离功 能。 3、目前，公司基于在移动电源（即充电宝）、快充电源适配器（即充电器、充电头）等应用领域的优 势地位，成为了消费电子市场主要的电源管理芯片和快充协议芯片供应商之一。 4、公司的主营业务为为电源管理、快充协议芯片的研发和销售。主要产品是电源管理芯片、快充协议 芯片。 公司简介 资料显示，深圳英集芯科技股份有限公司位于广东省珠海市香洲区唐家湾镇港湾1号港7栋三楼，成立日 期2014年11月20日 ...

来源：新浪证券-红岸工作室 11月17日，英集芯跌2.66%，成交额1.12亿元，换手率1.29%，总市值86.70亿元。 3、目前，公司基于在移动电源（即充电宝）、快充电源适配器（即充电器、充电头）等应用领域的优 势地位，成为了消费电子市场主要的电源管理芯片和快充协议芯片供应商之一。 4、公司的主营业务为为电源管理、快充协议芯片的研发和销售。主要产品是电源管理芯片、快充协议 芯片。 5、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、供应链稳定性和竞争力具有重大意义。公司已入选工信部专精特新 小巨人企业名单。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 异动分析 汽车芯片+无线耳机+消费电子概念+芯片概念+专精特新 1、根据2025年4月29日公告：在汽车电子领域，公司成功研发符合AEC-Q100标准的车规级车充芯片， 并顺利导入国内外汽车厂商，完成规模量产。 2、2022年3月29日招股书显示英集芯的TW ...

Core Viewpoint - The company, Yingjixin Technology Co., Ltd., is actively involved in the development and sales of power management and fast charging protocol chips, with a focus on automotive electronics and consumer electronics sectors. Group 1: Company Overview - Yingjixin was established on November 20, 2014, and went public on April 19, 2022. The company is located in Zhuhai, Guangdong Province [7] - The main business revenue composition includes power management (65.15%), mixed-signal SoC (22.02%), battery management (12.33%), and others (0.49%) [7] - The company has been recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [3] Group 2: Financial Performance - For the period from January to September 2025, Yingjixin achieved a revenue of 1.169 billion yuan, representing a year-on-year growth of 14.16%, and a net profit attributable to shareholders of 114 million yuan, up 28.54% year-on-year [8] - Since its A-share listing, the company has distributed a total of 171 million yuan in dividends, with 155 million yuan in the last three years [9] Group 3: Market Position and Product Development - The company has successfully developed automotive-grade charging chips that meet AEC-Q100 standards, which have been mass-produced and adopted by domestic and international automotive manufacturers [2] - Yingjixin's TWS earphone charging case chip offers a highly integrated power solution, reducing design complexity and material costs for customers [2] - The company is recognized as a major supplier of power management and fast charging protocol chips in the consumer electronics market [2] Group 4: Stock Performance and Investor Activity - As of November 14, the stock price of Yingjixin decreased by 0.67%, with a trading volume of 133 million yuan and a market capitalization of 8.907 billion yuan [1] - The company has seen a net inflow of 3.7847 million yuan from main investors, indicating a slight increase in investment interest [4]

证券代码：688209 证券简称：英集芯公告编号：2025-080 深圳英集芯科技股份有限公司 2025年第四次临时股东会决议公告 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： （一）股东会召开的时间：2025年11月13日 （二）股东会召开的地点：广东省珠海市香洲区唐家湾镇港湾一号港7栋3层公司会议室 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ 注：截至本次股东会股权登记日，公司回购专用证券账户中股份数为3,980,907股，不享有股东会表决 权。 （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 审议结果：通过 表决情况： ■ 2、议案名称：《关于作废部分已授予尚未归属的限制性股票的议案》 本次股东会采用现场投票与网络投票相结合的方式召开，会议由董事长黄洪伟先生主持，本次会议的召 集和召开程序以及表决方式和表决程序符合《公司法》和《公司章程》的规定。 （五）公司董事和董事 ...

来源：新浪证券-红岸工作室 2、2022年3月29日招股书显示英集芯的TWS耳机充电仓芯片能够以单颗芯片为TWS耳机充电仓提供高 集成度的电源解决方案,支持MCU软件深度定制,可降低客户的设计复杂度和物料成本。英集芯专门为 TWS耳机充电仓设计的电源管理芯片不仅支持电源管理功能,还集成了双向通讯功能和内部通讯隔离功 能。 3、目前，公司基于在移动电源（即充电宝）、快充电源适配器（即充电器、充电头）等应用领域的优 势地位，成为了消费电子市场主要的电源管理芯片和快充协议芯片供应商之一。 4、公司的主营业务为为电源管理、快充协议芯片的研发和销售。主要产品是电源管理芯片、快充协议 芯片。 5、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、供应链稳定性和竞争力具有重大意义。公司已入选工信部专精特新 小巨人企业名单。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 11月13日，英集芯跌1.37%，成交额2.10亿元，换手 ...

证券代码：688209 证券简称：英集芯 公告编号：2025-080 深圳英集芯科技股份有限公司 2025年第四次临时股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 13 日 （二） 股东会召开的地点：广东省珠海市香洲区唐家湾镇港湾一号港 7 栋 3 层 公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 123 | | --- | --- | | 普通股股东人数 | 123 | | 2、出席会议的股东所持有的表决权数量 | 273,848,543 | | 普通股股东所持有表决权数量 | 273,848,543 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 64.2083 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 64.20 ...