Core Insights - The total margin financing balance on the STAR Market increased by 266 million yuan, while the margin short selling balance rose by 46.75 million yuan, indicating a positive trend in investor sentiment [1][2]. Financing Balance Summary - As of January 21, the total margin financing balance reached 294.898 billion yuan, with a financing balance of 293.822 billion yuan and a short selling balance of 1.075 billion yuan [1]. - The stock with the highest financing balance is Cambrian (寒武纪) at 15.084 billion yuan, followed by SMIC (中芯国际) at 13.366 billion yuan and Haiguang Information (海光信息) at 8.126 billion yuan [1]. - A total of 262 stocks saw an increase in financing balance, while 332 stocks experienced a decrease. Notable increases were seen in Hengyu Environmental (恒誉环保) at 16.13%, Yongxi Electronics (甬矽电子) at 11.78%, and China Resources Micro (华润微) at 11.39% [1]. Short Selling Balance Summary - The stock with the highest short selling balance is Haiguang Information at 49 million yuan, followed by Baiwei Storage (佰维存储) at 37 million yuan and Cambrian at 34 million yuan [2]. - A total of 246 stocks experienced an increase in short selling balance, while 161 stocks saw a decrease. Significant increases were noted in Zongheng Co. (纵横股份) at 775.40%, Galaxy Microelectronics (银河微电) at 585.15%, and Kemei Diagnostics (科美诊断) at 542.64% [2].

Group 1 - The company, Yongxi Electronics (Ningbo) Co., Ltd., issued convertible bonds totaling RMB 1,165 million with a maturity of 6 years, and the net proceeds after deducting issuance costs were RMB 1,151.3 million [2] - The convertible bonds, named "Yongxi Convertible Bonds" with code "118057," were approved for listing on the Shanghai Stock Exchange starting from July 16, 2025 [2] - The controlling shareholder, Zhejiang Yongshun Chip Electronics Co., Ltd., and related parties collectively subscribed to 3,737,920 bonds, accounting for approximately 32.09% of the total issuance [3] Group 2 - From January 16 to January 21, 2026, the aforementioned shareholders reduced their holdings by 1,229,840 bonds, which represents 10.56% of the total issuance [4]

Core Viewpoint - The company, Yongxi Electronics, reports that AIoT revenue accounts for nearly 70% of its total revenue, indicating a strong focus on innovation-driven growth in this sector [1] Group 1: Revenue Breakdown - AIoT revenue constitutes approximately 70% of total revenue, with expectations for continued growth driven by increased penetration of new application scenarios under AI [1] - PA revenue accounts for about 10%, with future focus on PAMiF and PAMiD module products [1] - Security revenue also represents around 10%, showing stable overall growth [1] - Revenue from computing and automotive-grade products combined accounts for about 10%, with anticipated rapid growth in these areas due to the development of domestic automotive design companies and localization strategies of overseas automotive giants [1]

证券日报网1月21日讯，甬矽电子在接受调研者提问时表示，稼动率方面，目前一季度公司整体稼动率 将维持在较高水平；订单方面，中国台湾地区头部封测企业因产能紧张，将消费类封装产能转向至 AI/HPC等产品，导致消费类电子订单外溢，总体上公司对于2026年的订单预期较为乐观。 ...

证券日报网1月21日讯 ，甬矽电子在接受调研者提问时表示，新加坡子公司和马来西亚子公司已成立， 目前海外工厂建设工作正在稳步推进中，主要服务于海外大客户。 ...

证券日报网1月21日讯，甬矽电子在接受调研者提问时表示，2026年全年折旧的绝对金额预计相比2025 年仍会上涨。未来随着原有投资设备折旧期陆续到期，折旧压力缓解，利润空间有望逐步释放，对整体 盈利能力产生积极影响。 ...

Group 1 - The core viewpoint of the article indicates that Yongxi Electronics expects an increase in capital expenditure in 2026 compared to 2025, focusing on expanding existing product lines, introducing new customer products, wafer-level packaging, and 2.5D and FC products [1]

证券日报网1月21日讯，甬矽电子在接受调研者提问时表示，公司2.5D封装产线于2024年四季度通线， 目前正在和相关客户做产品验证。但由于2.5D封装产品工艺复杂，验证周期较长，实现稳定量产需要一 定时间。产能方面，公司后续会根据国产先进制程产能释放节奏进行扩产。 ...

证券日报网1月21日讯，甬矽电子在接受调研者提问时表示，2026年Q1的客户需求Forecast相对较为旺 盛，整体呈现淡季不淡的特点。 ...

Group 1 - The core point of the article is that Yongxi Electronics (688362.SH) announced a significant reduction in the holdings of its convertible bonds by five major shareholders [1] - From January 16 to January 21, 2026, these shareholders collectively reduced their holdings of "Yongxi Convertible Bonds" by 1.2298 million units, which represents 10.56% of the total issuance of these bonds [1]