该行表示，大华虹"一体化"战略布局下，包括华虹半导体在内的华虹集团技术能力有望提升；看好九厂 产能爬坡和华力微并入上市公司增厚收入及利润，募资完成后有望开启下一轮扩产周期。 华泰证券发布研报称，需求端，国产AI芯片生态快速走向成熟正重构晶圆代工格局，该行测算2024年 中国设计公司先进工艺代工需求达95亿美元。随着华为昇腾系列等AI芯片迭代加速，对本土代工需求 有望迅速扩大；供给端，BIS新规将限制范围扩至持股>50%子公司，政策收紧或将加速供应链本土化。 华虹半导体(01347)涨超6%，高见97.3港元，再创历史新高。截至发稿，涨6.48%，报96.95港元，成交 额31.49亿港元。 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the Sci-Tech Innovation 50 Index, which has risen over 5% [1] - Several semiconductor stocks, including SMIC, Hua Hong Semiconductor, Jiangbo Long, Canxin Semiconductor, and ChipLink Integrated, have reached historical highs [1] - Notable stock performances include West Superconductor and Chip Origin, both rising over 15%, while Zhongwei Company increased by more than 10% [1]

华虹公司触及涨停，成交额33.80亿元，涨幅20.00%。 ...

每经AI快讯，10月9日，半导体产业链反复活跃，华虹公司封20cm涨停，中芯国际涨近8%，均续创历 史新高，此前灿芯股份20cm涨停，芯原股份、芯联集成涨超10%，中微公司、拓荆科技、盛美上海等 涨幅靠前。 ...

华泰证券发布研报称，需求端，国产AI芯片生态快速走向成熟正重构晶圆代工格局，该行测算2024年 中国设计公司先进工艺代工需求达95亿美元。随着华为昇腾系列等AI芯片迭代加速，对本土代工需求 有望迅速扩大；供给端，BIS新规将限制范围扩至持股>50%子公司，政策收紧或将加速供应链本土化。 该行表示，大华虹"一体化"战略布局下，包括华虹半导体在内的华虹集团技术能力有望提升；看好九厂 产能爬坡和华力微并入上市公司增厚收入及利润，募资完成后有望开启下一轮扩产周期。 智通财经APP获悉，华虹半导体(01347)涨超6%，高见97.3港元，再创历史新高。截至发稿，涨6.48%， 报96.95港元，成交额31.49亿港元。 ...

Core Viewpoint - The A-share market for storage chip stocks has shown strong performance, with several companies reaching historical highs due to a sustained increase in global storage chip prices over the past six months [1][2]. Group 1: Company Performance - Huahong Company saw a rise of 13.48%, reaching a market capitalization of 225.6 billion, with a year-to-date increase of 179.75% [2]. - Shannon Microelectronics increased by 10.19%, with a total market value of 46.6 billion and a year-to-date growth of 253.63% [2]. - Deep Technology and Tongfu Microelectronics both experienced a 10.01% increase, with market capitalizations of 48.1 billion and 67.1 billion respectively, and year-to-date increases of 62.63% and 49.80% [2]. - Other notable performers include Saiteng Co. (10% increase), Taiji Industry (9.95% increase), and Yake Technology (9.23% increase), all approaching or reaching their daily limit [1][2]. Group 2: Market Trends - According to a recent report from CFM Flash Memory Market, global storage chip prices have been on the rise, with expectations for Q4 indicating a price increase of over 10% for server eSSD and a 10% to 15% increase for DDR5 RDIMM [2].

Core Insights - The A-share market for storage chip stocks has shown strong performance, with several companies reaching historical highs in their stock prices [1] - Global storage chip prices have been on the rise for the past six months, with specific forecasts indicating significant price increases for certain products in the upcoming quarter [1] Company Performance - Huahong Company saw a stock price increase of over 13%, reaching a new historical high [1] - Shannon Semiconductor experienced a stock price rise of over 10%, also achieving a historical high [1] - Other companies such as Deep Technology, Tongfu Microelectronics, and Saiteng Co. all hit the 10% daily limit increase [1] - Taiji Industry and Yake Technology approached the daily limit increase, while companies like Lanke Technology and Jiangbolong also saw gains [1] Market Forecast - According to CFM's recent report, the eSSD prices for servers are expected to rise by over 10% in Q4 2025, while DDR5 RDIMM prices are projected to increase by approximately 10% to 15% [1]

Core Viewpoint - The report emphasizes the valuation expansion of domestic wafer foundries and infers a price increase cycle for storage driven by intensified demand [3]. Market Performance - In the week before the holiday, the Shanghai Composite Index rose by 0.21%, while the electronics sector increased by 3.51%, with semiconductors up by 7.64%. In contrast, the Hang Seng Tech Index fell by 1.58%, and the Philadelphia Semiconductor Index and Taiwan's Information Technology Index rose by 1.17% and 1.12%, respectively [3]. Domestic Foundry Performance - During the holiday, Hong Kong's semiconductor sector performed well, with domestic foundries SMIC and Hua Hong Semiconductor reaching historical highs. This performance is attributed to the rapidly expanding AI computing power demand and the enhancement of high-end chip design capabilities [3]. Demand for Domestic Computing Power - Major companies like Deepseek, Alibaba, and Tencent are increasingly adapting to and purchasing domestic computing power, reflecting a growing confidence in the capabilities of local foundries [3].

Core Viewpoint - Emphasis on the valuation expansion of domestic wafer foundries, driven by intensified demand and a price increase cycle in the storage sector [2] Market Performance - In the week before the holiday, the Shanghai Composite Index rose by 0.21%, while the electronics sector increased by 3.51%, with semiconductors up by 7.64%. In contrast, the Hang Seng Tech Index fell by 1.58% [2] - During the holiday period, Hong Kong's semiconductor sector performed well, with domestic foundries SMIC and Hua Hong Semiconductor reaching historical highs [2] Semiconductor Industry Insights - Domestic wafer foundry capabilities are advancing in both quantity and quality, driven by the growing demand for AI computing power and enhanced high-end chip design capabilities [2] - The increasing procurement by major companies like Deepseek, Alibaba, and Tencent highlights the necessity and scarcity of domestic high-end chip foundry capabilities [2] Storage Market Dynamics - The AI application Sora gained significant popularity during the holiday, and OpenAI partnered with AMD to expand computing power, indicating a competitive arms race among internet giants [2] - The NAND market is expected to see a rise in both volume and price due to increased demand from AI inference, with predictions of a 5-10% increase in contract prices for NAND Flash products in Q4 2025 [2] Capacity Growth Projections - From 2024 to 2028, China's wafer fab capacity is projected to grow at a CAGR of 8.1%, surpassing the global average of 5.3% [3] - The capacity growth for mainstream nodes (22nm-40nm) is expected to be particularly strong, with a CAGR of 26.5% [3] Company Developments - Yangtze Memory Technologies Co. (YMTC) completed its restructuring and is poised for expansion, with its valuation exceeding 160 billion yuan [4] - The establishment of the third phase of YMTC is expected to boost orders for domestic front-end equipment companies [4] AI Infrastructure Investments - Alibaba Cloud is accelerating its transformation into a full-stack AI service provider, with a three-year plan to invest 380 billion yuan in AI infrastructure [5] - The launch of the new AI server, designed to support multiple AI chips, reflects the growing demand for AI solutions [5] Investment Recommendations - Continued focus on domestic semiconductor companies such as SMIC, Hua Hong Semiconductor, and various storage firms like Demingli and Jiangbolong is advised [2][3][4] - In the consumer electronics sector, companies like Industrial Fulian and Xiaomi Group are highlighted for potential investment [6]

节前A股 9月市场走出先扬后抑走势，总体呈现震荡上行态势，三大指数月线均收涨，其中创业板指9月累计涨超 12%创三年多新高，科创50指数涨超11%创近四年新高。从板块来看，9月市场热点主要集中在芯片产 业链、机器人、储能方向。芯片产业链中，德明利9月股价翻倍，中芯国际、华虹公司、张江高科等多 只芯片概念股9月创新历史高。机器人股中，首开股份9月走出12天11板。储能方向，宁德时代、阳光电 源续创历史新高，并且宁德时代在月中A+H股总市值超越贵州茅台。 9月30日盘面上，沪深两市成交额2.18万亿元，较上一个交易日放量200亿元。市场热点题材反复活跃， 有色金属、存储芯片板块涨幅居前，白酒、大金融等板块跌幅居前。截至收盘，沪指涨0.52%，深成指 涨0.35%，创业板指涨0.00%。 国际油价8日上涨。截至当天收盘，纽约商品交易所11月交货的轻质原油期货价格上涨82美分，收于每 桶62.55美元，涨幅为1.33%；12月交货的伦敦布伦特原油期货价格上涨80美分，收于每桶66.25美元， 涨幅为1.22%。 | | 报价 | 涨跌幅 | | --- | --- | --- | | 道琼斯 | 46601.78 | ...