【DW电子】每日复盘每日新-电子2.3 -CPO：AYZ更新RubinUltra CPO Scale up方案，罗博特科+20%，炬光科技+18.06%，致尚科技+15.56%，天孚通信 +13.21%。 -国产算力：GPU标的寒武纪25Q4利润略不及预期、海光信息未发布业绩预告，ASIC标的芯原股份当前ASIC叙事 逐渐看到落地项目，业绩趋势也有望逐渐改善，继续看多！ -芯碁微装持续重点推荐，坚定看450e以上市值，预计一季度单月交付2e金额设备，后续业绩确定高增长！先进封 装出货预计每年翻倍！ -佰维存储：26年全年业绩高增，26Q1业绩环比翻倍不止。 先进封测样品送测GPU上市客户。 PCB：威尔高传接到谷歌一次电源订单，二次电源对接中，GB300/Rubin进展顺利，今日+18.23%。 -CPO：AYZ更新RubinUltra CPO Scale up方案，罗博特科+20%，炬光科技+18.06%，致尚科技+15.56%，天孚通信 +13.21%。 PCB：威尔高传接到谷歌一次电源订单，二次电源对接中，GB300/Rubin进展顺利，今日+18.23%。 -国产算力：GPU与ASIC行情分化明显，交 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [3] Core Insights - The semiconductor industry is leading growth, with smart devices supporting "new quality productivity" as a clear example of China's economic transition towards high-quality development. The growth in these sectors is driven by technological innovation and improvements in total factor productivity [27][30]. - The report highlights the strong demand for high-performance memory driven by AI servers and new generation PCs, indicating that the storage chip industry is entering a new upcycle [24][29]. Summary by Sections Market Overview - The Shanghai Composite Index fell by 0.44% to 4117.95 points, while the Shenzhen Component Index decreased by 1.62% to 14205.89 points during the week of January 26 to February 1, 2026. The three major indices showed slight fluctuations but remained above the 10-day moving average, indicating strong short-term support [1][7]. Industry Data Tracking - Global smartphone shipments reached 336 million units in Q4 2025, marking a year-on-year growth of 2.28%. However, China's smartphone shipments saw a significant decline of 29.4% year-on-year in December 2025 [18]. - Global semiconductor sales reached $75.3 billion in November 2025, reflecting a year-on-year growth of 29.8% [21][22]. - The storage chip industry is experiencing a strong upward trend in DRAM prices since June 2025, driven by robust demand from AI servers and data centers [24]. Investment Recommendations - The report suggests focusing on technology-intensive sectors like smart consumer devices and semiconductors, which are becoming core drivers of economic growth. It emphasizes the importance of domestic semiconductor companies that have made breakthroughs in design, manufacturing, and equipment [27][30]. - The report recommends paying attention to domestic equipment and materials companies that have entered the mainstream chip manufacturing supply chain, as they are crucial to China's self-sufficiency strategy in the semiconductor industry [30][29]. Industry News - Alibaba's Tsinghua Unigroup launched its high-end AI chip "Zhenwu 810E," which has been deployed in various applications, showcasing advancements in domestic chip technology [30][31]. - Two semiconductor companies announced price increases for their chips due to supply constraints and rising costs, indicating a tightening market [32][33]. - The semiconductor industry chain achieved significant profit growth, with integrated circuit manufacturing profits increasing by 172.6% in 2025 [34].

Investment Rating - The industry investment rating is maintained as "Positive" [4] Core Insights - The demand for AI computing power is driving a persistent shortage in storage [2][8] - Major storage companies are experiencing strong performance, with AI demand expected to continue creating incremental opportunities [6] - The supply of niche storage is under pressure from mainstream storage, leading to a sustained tight supply situation [7] Summary by Sections Investment Recommendations and Targets - Key investment targets include domestic storage chip design companies such as Zhaoyi Innovation, Puran, Jucheng, Dongxin, Beijing Junzheng, and Hengsuo [2][8] - Domestic storage module manufacturers like Jiangbolong, Demingli, and Baiwei Storage are also highlighted [2] - Companies benefiting from storage technology iterations include Lanke Technology, Lianyun Technology, and Aojie Technology [2] - Semiconductor equipment firms such as Zhongwei Company, Jingzhida, and Beifang Huachuang are recommended [2] - Domestic packaging and testing companies like Shentek, Huicheng, and Tongfu Microelectronics are included in the investment targets [2] Market Dynamics - TrendForce has revised upward the price growth rates for DRAM and NAND Flash products for the first quarter, with DRAM contract prices expected to rise by 90-95% and NAND Flash by 55-60% [7] - AI computing demand is becoming the dominant factor in storage demand, with significant price increases anticipated for Server DRAM and Enterprise SSDs [7] - The AI inference process is expected to significantly alter data center storage structures, leading to increased demand for active data storage [7] Niche Storage Supply - Niche storage products like NOR Flash and MLC/SLC NAND Flash are expected to remain in tight supply due to reduced production from major suppliers focusing on mainstream products [7] - The global capacity for MLC NAND Flash is projected to decrease by 41.7% in 2026 due to supply constraints [7]

【导读】AI点燃涨价潮，存储"超级周期"重分蛋糕：模组厂利润翻倍、加速抢位，终端厂商被迫提价降配 2026年的华强北，空气中不再是焊锡味，而是弥漫着一种"淘金热"的躁动。"前两年还得求着客户清库存，现在报价还赶不上涨价的速度。"一位华强北专 卖内存条的商铺老板笑得合不拢嘴。 伴随着涨价潮，存储芯片相关公司接连交出"翻身账"：有的扭亏，有的翻倍。而在这些不同公告里，反复指向同一原因——存储价格从低位企稳回升，AI 带动需求上行。 与此同时，鲜明对照逐渐显露：一边是存储产业链公司业绩回暖，增长王、翻倍股频出；另一边是终端厂商被成本逼着改价、砍型号，笔电出货预期也被 下修。 在这场"超级周期"里，谁在兑现、谁在抢位，又是谁在挣扎？ 谁在兑现？ 种种信号表明，存储市场正在走出低谷，进入新一轮上行周期。随着2025年业绩预告密集披露，A股存储相关公司也纷纷交出亮眼"成绩单"。 据记者统计，截至1月29日，A股已有52家存储芯片概念公司发布2025年业绩预告，共计25家公司业绩预喜，31家公司实现归母净利润同比增长。其中， 13家公司归母净利润增幅上限超过1倍。 江波龙给出解释：存储价格在一季度触底后企稳回升，三季度末因 ...

Group 1 - The storage chip concept has seen a short-term surge, with Tai Chi Industry hitting the daily limit up [1] - Hengshuo Co., Ltd. increased by over 17%, indicating strong market interest [1] - Other companies such as Purun Co., Zhongwei Semiconductor, Jintaiyang, Xiechuang Data, and Beijing Junzheng also experienced gains [1]

消息面上，闪迪周四盘后公布财报显示，该公司在2026财年第二财季录得利润和营收的大幅增长，表现 不仅大幅超出华尔街预期，也显著高于公司此前给出的指引，刺激该公司股价盘后一度涨近15%。 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688416 | 恒概股份 | 1 | 12.26 | 94.88 Z | 107.35 | | 600667 | 太极实业 | 1 | 10.00 | 235亿 | 40.78 | | 688380 | 中微卡台 | | 7.55 | 231亿 | 79.78 | | 300606 | 金太阳 | 来 | 7.12 | 46.62亿 | 43.34 | | 688766 | 普朗股份 | 1 | 6.00 | 438亿 | 132.57 | | 300857 | 协创数据 | -澳 | 5.88 | 805亿 | 37.83 | | 603316 | 诚邦股份 | | 5.85 | 39.22亿 | 2.34 | | 002183 | 怡亚通 | 1 | ...

格隆汇1月30日｜A股市场存储芯片股走强，其中，恒烁股份涨超12%，太极实业10CM涨停，中微半 导、金太阳涨超7%，普冉股份涨超6%，协创数据、诚邦股份、怡亚通涨超5%，北京君正、朗科科技、 康强电子涨超4%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 688416 | 恒概股份 | 1 | 12.26 | 94.88亿 | 107.35 | | 600667 | 太极实业 | 1 | 10.00 | 235亿 | 40.78 | | 688380 | 中微卡台 | | 7.55 | 231亿 | 79.78 | | 300606 | 金太阳 | 来 | 7.12 | 46.62亿 | 43.34 | | 688766 | 普申股份 | 1 | 6.00 | 438亿 | 132.57 | | 300857 | 协创数据 | 本 | 5.88 | 805亿 | 37.83 | | 603316 | 诚邦股份 | | 5.85 | 39.22亿 | 2.34 | | 002183 | 怡亚通 | ...

（文章来源：每日经济新闻） 每经AI快讯，1月30日，存储器指数盘中走强，恒烁股份大涨11%，普冉股份涨超7%，朗科科技涨 4%，协创数据、北京君正等个股跟涨。 ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry [5] Core Insights - The ongoing shortage of niche storage is expected to continue, with AI demand opening up incremental growth opportunities [2][8] - AI demand is anticipated to drive the need for niche storage, particularly in applications such as automotive, industrial, and security [7] - Domestic manufacturers are positioned competitively in the niche storage market and are likely to benefit from the supply constraints caused by international suppliers exiting this segment [7] Summary by Sections Investment Recommendations and Targets - Key investment targets include domestic storage chip design companies such as Zhaoyi Innovation, Puran, Jucheng, Dongxin, Beijing Junzheng, and Hengshuo [3][8] - Other relevant companies include domestic storage module manufacturers like Jiangbolong, Demingli, and Baiwei Storage, as well as semiconductor equipment firms such as Zhongwei, Jingzhida, and Beifang Huachuang [3][8] - Companies benefiting from storage technology iterations include Lanke Technology, Lianyun Technology, and Aojie Technology [3][8] Market Dynamics - The supply of niche storage products is being significantly reduced as major international suppliers focus on mainstream storage products, leading to a substantial contraction in supply [7] - For instance, the global MLC NAND Flash capacity is projected to decrease by 41.7% in 2026 due to supply shrinkage, which is expected to drive prices significantly higher [7] - Domestic firms are gaining market share in niche storage, with Zhaoyi Innovation holding approximately 18.5% of the NOR Flash market in 2024, ranking second globally [7]

责任编辑：栎树 1月27日，A股市场存储芯片股集体走强，其中，东芯股份20CM涨停，普冉股份涨超15%，恒烁股份涨 超14%，帝科股份涨超12%，康强电子、华天科技10CM涨停，协创数据、精智达涨超9%，航宇微涨超 8%，中微半导、华虹公司、概伦电子涨超7%，北京君正涨超6%，聚辰股份、国科微、沪硅产业、京仪 装备涨超5%。 消息面上，当地时间周一，美光科技宣布，位于新加坡现有NAND闪存制造园区内的先进晶圆制造厂正 式破土动工，计划未来十年投资约240亿美元，预计2028年下半年投产。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 688110 | 东芯股份 | 1 | 20.00 | 678亿 | 16.66 | | 688766 | 普朗股份 | 1 | 15.65 | 380亿 | 102.03 | | 688416 | 恒烁股份 | | 14.72 | 77.94 乙 | 70.32 | | 300842 | 帝科股份 | 1 | 12.57 | 175亿 | 102.83 | | 002 ...