Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index at 4104.22 points, down 0.20% and trading below the five-day moving average, while the total trading volume is 25,230.04 billion yuan [1]. Group 1: Market Performance - As of 1:59 PM, the Shanghai Composite Index is at 4104.22 points, reflecting a decrease of 0.20% [1]. - The total trading volume in the A-share market is reported at 25,230.04 billion yuan [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 778 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Tianyue Advanced (乖离率 15.31%) with a price increase of 20.00% [1]. - Fusa Technology (乖离率 15.11%) also increased by 20.00% [1]. - Huning Co. (乖离率 15.00%) with a 20.00% rise [1]. - Other stocks with smaller deviation rates include: - Weibohydraulic, Jinyinhe, and Ecovacs, which have just crossed the five-day moving average [1].

Group 1 - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index (950125) surged by 5.32%, with constituent stocks like Tianyue Advanced rising by 20.00% and Jingsheng Shares by 12.66% [1] - The China Securities semiconductor materials and equipment index (931743) also saw a strong increase of 3.63%, with similar gains in constituent stocks [1] - The Sci-Tech semiconductor ETF (588170) and the semiconductor equipment ETF Huaxia (562590) both experienced significant price increases, indicating active market trading [1] Group 2 - TSMC reported strong Q4 earnings and optimistic outlook, raising its capital expenditure to $56 billion to capitalize on AI opportunities, which positively impacted stocks like Nvidia and Broadcom [2] - The memory market is experiencing a price surge due to anticipated shortages in server DRAM, driven by increased demand from companies like Google and Microsoft for AI services [2] - IDC data indicates that the cost share of memory semiconductors in smartphones has risen from approximately 15% to over 20%, suggesting ongoing upward price trends in the memory sector throughout 2026 [2] Group 3 - The Sci-Tech semiconductor ETF (588170) tracks the semiconductor materials and equipment index, focusing on companies in semiconductor equipment (60%) and materials (25%) [3] - The semiconductor equipment ETF Huaxia (562590) also emphasizes semiconductor equipment (63%) and materials (24%), highlighting the importance of domestic substitution in the industry [3]

1月16日突破五日均线个股乖离率排名 证券时报·数据宝统计，截至今日上午收盘，上证综指4103.45点，收于五日均线之下，涨跌幅-0.22%， A股总成交额为20102.58亿元。到目前为止，今日有589只A股价格突破了五日均线，其中乖离率较大的 个股有天岳先进、福赛科技、沪宁股份等，乖离率分别为15.31%、15.11%、15.00%；阳光乳业、正强 股份、顺钠股份等个股乖离率较小，刚刚站上五日均线。 | 603058 | 永吉股 份 | 10.00 | 10.91 | 9.87 | 10.56 | 6.95 | | --- | --- | --- | --- | --- | --- | --- | | 301286 | 侨源股 份 | 12.92 | 2.96 | 48.72 | 52.10 | 6.93 | （文章来源：证券时报网） | 证券代 证券简 | 今日涨跌幅 | 今日换手率 | 五日均线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | | 码 称 | （%） | （%） | （元） | （元） | （%） | | 天岳先 688234 进 ...

融资融券数据显示，该股最新（1月15日）两融余额为11.04亿元，其中，融资余额为10.93亿元，较上一 个交易日增加1913.70万元，增幅为1.78%；融券余额为1157.83万元，较上一个交易日增加537.94万元， 增幅为86.78%。近10日两融余额合计增加1.67亿元，增幅为17.80%，其间融资余额增长18.01%，融券余 额增长0.95%。 从机构评级来看，近一个月该股获2家机构买入评级。1月7日浙商证券发布的研报给予公司增持评级。 12月30日中邮证券发布的研报给予公司买入评级。 （文章来源：证券时报网） 1月16日盘中科创板股天岳先进涨停，截至11:26，股价报111.19元，成交20.55亿元，换手率4.55%，振 幅16.07%。 科创板个股中，截至发稿上涨的共有351只，涨幅在10%以上的共有9只，涨幅较高的有美埃科技、天岳 先进、西高院等，分别上涨20.00%、20.00%、18.93%，下跌的有243只，跌幅较大的有光云科技、友车 科技、纳微科技，分别下跌9.03%、8.71%、8.09%。 资金面上，天岳先进上一交易日主力资金净流入1483.73万元，近5日净流出7326.76 ...

Group 1 - Tianyue Advanced (02631) saw a significant increase of over 17%, reaching a new high of 70.4 HKD per share, with a current trading price of 68.4 HKD and a transaction volume of 314 million HKD [1] - Zhejiang Securities' report highlights Tianyue Advanced's active expansion into silicon carbide (SiC) applications in emerging fields, indicating long-term growth potential [1] - The report identifies three key areas for SiC application: 1. AR Glasses: SiC materials are expected to be ideal for next-generation AR glasses due to their high refractive index and lightweight properties, leading to better display performance [1] 2. AIDC: With the surge in AI computing demand, SiC power devices can significantly enhance server power efficiency, aligning with the trend of data centers transitioning to 800V high-voltage architectures driven by giants like NVIDIA [1] 3. Advanced Packaging: Single crystal SiC's thermal conductivity is 2-3 times higher than silicon, making it an ideal material for intermediary layers, potentially providing new thermal management solutions for CoWoS packaging [1] Group 2 - TSMC's Q4 2025 performance exceeded expectations, marking the seventh consecutive quarter of double-digit growth, with net profit soaring 35% year-on-year to approximately 16 billion USD, setting a historical record [2] - TSMC's gross margin has surpassed 60% for the first time, and the company has significantly raised its capital expenditure guidance for 2026 to 52-56 billion USD, nearly 40% higher than previous estimates [2] - The report from Huaxin Securities indicates that SiC materials meet the performance requirements for AI chips, with major AI clients leading the upgrade of intermediary layer materials [2]

Group 1 - Tianyue Advanced (02631) saw a significant increase of over 17%, reaching a new high of 70.4 HKD, with a trading volume of 314 million HKD [1] - Zhejiang Securities' report highlights Tianyue Advanced's active expansion into silicon carbide (SiC) applications in emerging fields, indicating long-term growth potential [1] - SiC materials are expected to be ideal for next-generation AR glasses due to their high refractive index and lightweight advantages, leading to improved display performance [1] - The demand for AI computing power is driving the need for efficient data center energy consumption, where SiC power devices can significantly enhance server power efficiency [1] - SiC is anticipated to become a key material as major companies like NVIDIA push data centers towards an 800V high-voltage architecture [1] - Single crystal SiC has a thermal conductivity 2-3 times higher than silicon, making it an ideal material for intermediary layers, potentially providing new thermal management solutions for CoWoS packaging [1] Group 2 - TSMC's Q4 2025 performance exceeded expectations, achieving double-digit growth for the seventh consecutive quarter, with net profit soaring 35% year-on-year to approximately 16 billion USD, marking a historical high [2] - TSMC's gross margin has surpassed 60% for the first time, indicating strong operational efficiency [2] - The company has significantly raised its capital expenditure guidance for 2026 to 52-56 billion USD, nearly 40% higher than previous expectations [2] - TSMC anticipates a substantial increase in capital expenditures over the next three years [2] - SiC materials are identified as meeting the performance requirements for AI chips, with major AI clients leading the upgrade of intermediary layer materials [2]

Group 1 - TSMC's strong Q4 earnings report exceeded expectations, leading to a historic high in its stock price, which positively influenced semiconductor stocks in the A-share market [1] - TSMC's CEO and CFO announced a capital expenditure plan for 2026 that could reach $56 billion, a significant increase of 37% from the actual spending of $40.9 billion in 2025, marking the highest in the company's history [1] Group 2 - Notable stock performances in the semiconductor sector included Tianyue Advanced rising over 12%, Hengkun New Materials and Xingchen Technology both increasing over 8%, and several other companies like Shanghai Hejing and Yitang shares rising over 6% [2] - The year-to-date performance of these stocks shows significant gains, with Hengkun New Materials up 45.28% and Tianyue Advanced up 17.32% [2]

1月16日，隔夜美股市场台积电因业绩超预期股价创历史新高，刺激今日A股市场半导体股走强。其 中，天岳先进涨超12%，恒坤新材、星宸科技涨超8%，臻镭科技涨近8%，上海合晶、屹唐股份涨超 6%，灿芯股份、京仪装备、立昂微、中微公司涨超5%。 消息面上，台积电昨日公布了强劲的第四季度财报，并给出了乐观的业绩展望。在随后的法说会上，台 积电董事长兼首席执行官魏哲家和首席财务官黄仁昭公布，台积电2026年资本支出计划最高将达560亿 美元，较2025年实际支出409亿美元大幅增长37%，创下该公司的史上新高。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688234 | 天岳先进 | | 12.53 | 505亿 | 17.32 | | 688727 | 恒坤新材 | 1 | 8.44 | 312亿 | 45.28 | | 301536 | 星宸科技 | 1 | 8.20 | 296亿 | 17.13 | | 688270 | 臻福科技 | 1 | 7.94 | 420亿 | 60.56 | | 68858 ...

华润元大信息传媒科技混合A（000522）基金经理为刘宏毅。 1月15日，天岳先进涨5.06%，截至发稿，报96.12元/股，成交1.32亿元，换手率0.33%，总市值465.82亿 元。 资料显示，山东天岳先进科技股份有限公司位于山东省济南市槐荫区天岳南路99号,香港湾仔告士打道 109–111号东惠商业大厦5楼503室，成立日期2010年11月2日，上市日期2022年1月12日，公司主营业务 涉及碳化硅衬底的研发、生产和销售。主营业务收入构成为：碳化硅半导体材料82.83%，其他(补 充)17.17%。 从基金十大重仓股角度 数据显示，华润元大基金旗下1只基金重仓天岳先进。华润元大信息传媒科技混合A（000522）三季度 持有股数17万股，占基金净值比例为5.89%，位居第十大重仓股。根据测算，今日浮盈赚取约78.71万 元。 华润元大信息传媒科技混合A（000522）成立日期2014年3月31日，最新规模2.18亿。今年以来亏损 0.37%，同类排名8605/8840；近一年收益72.28%，同类排名641/8094；成立以来收益432.32%。 截至发稿，刘宏毅累计任职时间8年0天，现任基金资产总规模 ...

前言 文|青茶 在半导体材料领域，半绝缘碳化硅是名副其实的"战略基石"，是顶尖科技的核心材料。 过去数十年间，这项关键材料的制备技术，被美国牢牢掌控，Wolfspeed等巨头垄断全球市场，并长期 对华实施严格禁运，让中国相关产业发展处处受制。 直到2025年，山东大学徐现刚团队，攻克8-12英寸籽晶扩径与零螺位错制备技术，实现半绝缘碳化硅材 料自主量产。 从实验室里的千次尝试到生产线的稳定输出，从被国外专家嘲讽"连炉子都不会烧"到成为全球产能占比 超50%的产业强国，这一突破不仅打破了美国的长期封锁，更让中国在宽禁带半导体材料领域从"跟 跑"跃升至"领跑"。 美国技术垄断下的产业困境 半绝缘碳化硅的战略价值，从一开始就决定了它成为国际技术封锁的焦点。 这种材料的独特性能，使其成为现代高科技产业不可或缺的核心支撑，在先进雷达中，它能让探测距离 提升3倍；在新能源汽车里，它可将充电时间缩短至1/3，续航提升20%；在AI服务器中，它能让芯片工 作温度降低15-20℃，破解算力密度提升带来的散热难题。 正因为如此，美国将半绝缘碳化硅列为关键战略材料，从技术、产能、贸易三个维度构建起严密的封锁 体系。 早在上世纪90 ...