Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [3][36] Core Viewpoints - The report highlights that artificial intelligence (AI) is driving a semiconductor supercycle, with significant investments and collaborations in the sector, such as Anthropic's partnership with Google, which includes a deal for up to one million custom TPU chips [3] - Major memory manufacturers like Samsung and SK Hynix are expected to raise prices of DRAM and NAND storage products by up to 30% in response to the surge in AI-driven demand [3] - Amphenol reported a 53.35% year-on-year increase in revenue for Q3 2025, driven by the growing demand for data center solutions [3] - The report anticipates a substantial increase in overall computing power by 2035, predicting a growth of up to 100,000 times, emphasizing the transformative potential of general artificial intelligence [3] Summary by Sections 1. Market Review - The electronic industry saw a weekly increase of 8.49% from October 20 to October 24, with the communication sector leading at 11.55% [6] - The Philadelphia Semiconductor Index rose from 6,885.03 points to 6,976.94 points during the same period, indicating a positive trend since April 2025 [11] 2. Industry High-Frequency Data Tracking 2.1 Panel Prices - TV panel prices are expected to stabilize due to healthy inventory levels, with no significant changes anticipated for various sizes [17] 2.2 Memory Prices - Prices for DDR5 and DDR4 memory chips have shown an upward trend, with DDR5 increasing from $10.457 to $12.615 and DDR4 from $24.333 to $24.721 between October 20 and October 24 [21]

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。 重要事项提示： 华虹半导体有限公司（以下简称"公司"）将于2025年11月6日交易时段后披露公司2025年第三季度业 绩，相关内容请详见上海证券交易所网站（http://www.sse.com.cn/）及香港交易所网站 （https://www.hkex.com.hk/）。 为方便广大投资者更全面深入了解公司经营业绩的具体情况，公司拟于2025年11月6日举行"2025年第三 季度业绩说明会"。 二、说明会召开的时间、地点 说明会将于2025年11月6日（星期四）下午17:00-18:00通过网络/电话会议方式举行。 三、投资者参加方式 1、网络参与方式： A股代码：688347A股简称：华虹公司公告编号：2025-030 港股代码：01347港股简称：华虹半导体 华虹半导体有限公司关于召开2025年第三季度业绩说明会的预告公告 https://edge.media-server.com/mmc/p/e4idyvb2作线上直播。 （请提前注册登记） 2、电话参与方式： 请在会 ...

Market Performance - Major stock indices in the A-share market saw significant gains, with the ChiNext Index rising over 3% and the Sci-Tech 50 Index increasing over 4% [1][3] - The Shanghai Composite Index closed up 0.71% at 3950.31 points, while the Shenzhen Component Index rose 2.02% to 13289.18 points [1][3] - Total trading volume in the Shanghai and Shenzhen markets reached 199.18 billion CNY, an increase of over 33 billion CNY compared to the previous day [1] Sector Highlights - The semiconductor and chip sectors experienced a strong rally, with companies like Puran and Xiangnong Chip both hitting the 20% daily limit up, and Jiangbolong rising over 16% [1][5] - AI-related stocks also surged, with companies such as Kexiang and Shengyi Electronics reaching the 20% limit up, and Zhongji Xuchuang continuing to set new highs [1][9] - The satellite navigation sector saw significant gains, with stocks like China Satellite and Guanghe Technology hitting the daily limit up [1] Notable Stock Movements - The newly listed company Super Eagle Electronics saw its stock price soar nearly 400%, closing at 84.99 CNY per share, with an intraday high of 99.77 CNY, resulting in a profit of over 41,000 CNY per lot at the peak [1] - Notably, the stocks of Hanwha and Zhongji Xuchuang had trading volumes exceeding 100 billion CNY, ranking first and second in the A-share market [2] Coal Sector Decline - The coal sector experienced a sharp decline, with companies like Antai Group and Yunmei Energy hitting the daily limit down, and Dayou Energy dropping over 6% [1][12][14] - Dayou Energy had previously seen a cumulative increase of nearly 150% over the last ten trading days, prompting a risk warning from the company regarding potential irrational speculation [13]

24日，A股三大指数集体拉升，沪指盘中续创10年新高；创业板指、科创50指数大幅走高；港股亦走 强，恒生科技指数涨近2%。 半导体、芯片概念盘中大幅拉升，截至收盘，普冉股份、香农芯创等20%涨停，江波龙涨近17%，华虹 公司涨超15%，佰维存储涨超10%，寒武纪涨超9%，股价重返1500元上方。 | 代码 | 名称 | | 涨幅% | 现价 | 涨跌 | 买价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300803 | 科翔股份 | R | 20.00 | 14.76 | 2.46 | 14.76 | | 542966 | | 688766 | 普冉股份 | K | 20.00 | 142.87 | 23.81 | 142.87 | | 159004 | | 300475 音不会创 | | R | 20.00 | 127.57 | 21.26 | 127.57 | | 594758 | | 300455 航天智装 | | R | 19.98 | 19.76 | 3.29 | 19.76 | | 311109 | ...

截至10月24日收盘，国家大基金持股概念上涨4.88%，位居概念板块涨幅第2，板块内，48股上涨，深 南电路涨停，江波龙、华虹公司、佰维存储等涨幅居前，分别上涨16.73%、15.02%、10.70%。 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 688981 | 中芯国 际 | 4.49 | 5.12 | 78406.18 | 5.79 | | 688072 | 拓荆科 技 | 10.55 | 4.80 | 56474.73 | 15.17 | | 300604 | 长川科 技 | 6.22 | 13.34 | 46061.71 | 8.20 | | 688347 | 华虹公 司 | 15.02 | 12.70 | 43198.22 | 6.83 | | 002156 | 通富微 电 | 5.46 | 7.62 | 41489.09 | 8.67 | | 002916 | 深南电 路 | 10.00 | 1.87 ...

（原标题：科创板平均股价41.67元，73股股价超百元） 向前追溯发现，科创板百元股最新收盘价相对发行价平均溢价484.87%，溢价幅度居前的有上纬新材、寒武纪-U、安集科技等，溢价幅度分别为 4311.48%、2268.38%、1653.77%。 以申万一级行业分类，科创板百元股较为集中的行业有电子、医药生物、计算机等，分别有36只、11只、10只股票上榜。 资金流向方面，科创板百元股今日主力资金合计净流入46.07亿元，净流入资金居前的有中芯国际、拓荆科技、华虹公司等，净流入资金分别为 78406.18万元、56474.73万元、43198.22万元；净流出资金居前的有热景生物、海博思创、盛科通信等，净流出资金分别为4580.09万元、4516.91 万元、4047.01万元。 融资融券方面，百元股最新（10月23日）融资余额合计955.82亿元，融资余额居前的有寒武纪-U、中芯国际、海光信息等，最新融资余额分别为 152.49亿元、148.26亿元、88.41亿元。最新融券余额合计为4.34亿元，融券余额居前的有海光信息、中芯国际、寒武纪-U等，最新融券余额分别 为0.48亿元、0.40亿元、0.36亿 ...

| 证券代码 | 证券简称 | 今日涨跌幅 | 今日换手率 | 五日均线（元） | 最新价（元） | 乖离率（%） | | --- | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | | | | | 300903 | 科翔股份 | 20.00 | 16.54 | 12.96 | 14.76 | 13.92 | | 300455 | 航天智装 | 19.98 | 4.39 | 17.46 | 19.76 | 13.15 | | 688600 | 皖仪科技 | 14.27 | 5.48 | 22.25 | 24.66 | 10.85 | | 688233 | 神工股份 | 17.34 | 9.72 | 46.40 | 51.30 | 10.55 | | 688416 | 恒烁股份 | 18.08 | 21.19 | 57.57 | 63.08 | 9.57 | | 688449 | 联芸科技 | 13.22 | 17.00 | 55.86 | 61.14 | 9.44 | | 301306 | 西测测试 | 16.34 | 20.57 | 54.41 | ...

今日涨跌幅居前的概念板块 资金面上看，今日国家大基金持股概念板块获主力资金净流入53.42亿元，其中，39股获主力资金净流入，15股主力资金净流入超亿元，净流入资 金居首的是中芯国际，今日主力资金净流入7.84亿元，净流入资金居前的还有拓荆科技、长川科技、华虹公司等，主力资金分别净流入5.65亿元、 4.61亿元、4.32亿元。 截至10月24日收盘，国家大基金持股概念上涨4.88%，位居概念板块涨幅第2，板块内，48股上涨，深南电路涨停，江波龙、华虹公司、佰维存储 等涨幅居前，分别上涨16.73%、15.02%、10.70%。 （原标题：53.42亿主力资金净流入，国家大基金持股概念涨4.88%） | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 存储芯片 | | 5.66 深圳国企改革 | -3.74 | | 国家大基金持股 | | 4.88 煤炭概念 | -1.91 | | 同花顺果指数 | | 4.60 租售同权 | -1.77 | | 共封装光学(CPO) | | 4.25 可燃冰 | -1.63 | | AI PC | | ...

| 688630 | 芯碁微装 | 7348.55 | 8.57 | 4.20 | 4.85 | | --- | --- | --- | --- | --- | --- | | 688627 | 精智达 | 6448.97 | 8.07 | 6.02 | 6.76 | | 688116 | 天奈科技 | 6184.99 | 9.99 | 4.97 | 3.19 | | 688099 | 晶晨股份 | 5997.26 | 7.63 | 3.04 | 1.91 | | 688110 | 东芯股份 | 5980.27 | 2.56 | 5.36 | 5.26 | | 688172 | 燕东微 | 5104.77 | 8.98 | 8.54 | 3.72 | | 688362 | 甬矽电子 | 5098.30 | 7.51 | 11.17 | 7.28 | | 688213 | 思特威 | 5020.19 | 6.83 | 2.30 | 2.09 | | 688318 | 财富趋势 | 5001.07 | 7.20 | 3.68 | 1.86 | | 688396 | 华润微 | 4862.65 | 7.32 | 3 ...

A股今日（10月24日）集体拉升，沪指盘中续创10年新高；创业板指、科创50指数大幅走高；港股亦 走强，恒生科技指数涨近2%。 具体来看，两市主要股指盘中强势上扬，创业板指涨超3%，科创50指数大涨超4%。截至收盘，沪指涨 0.71%报3950.31点，深证成指涨2.02%报13289.18点，创业板指涨3.57%报3171.57点，科创50指数涨 4.35%，沪深北三市合计成交19918亿元，较此前一日增加逾3300亿元。 场内超3000股飘红，半导体、芯片概念爆发，普冉股份、香农芯创20%涨停，江波龙涨超16%，均创历 史新高；寒武纪涨约9%重返1500元上方，股价再次超越贵州茅台；CPO概念等AI产业链股集体走高，科 翔股份、生益电子20%涨停，中际旭创续创新高；卫星导航概念崛起，中国卫星、广合科技、上海沪工等 涨停；煤炭板块大幅回落，安泰集团、云煤能源跌停，大有能源跌超6%。此外，今日登陆沪市主板的超 颖电子大涨近400%报84.99元/股，盘中最高攀升至99.77元/股，涨幅达484%，以盘中最高价计算，该股 单签盈利超4.1万元。 值得注意的是，今日A股市场共有10只个股的成交额超过了100亿元， ...