证券代码：688416 证券简称：恒烁股份 公告编号：2025-058 恒烁半导体（合肥）股份有限公司 股东减持计划完成暨减持结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 股东持有的基本情况 本次减持计划实施前，恒烁半导体（合肥）股份有限公司（以下简称"恒烁 股份"或"公司"）股东合肥中安庐阳创业投资基金合伙企业（有限合伙）（以下简 称"中安庐阳"）持有公司股份 2,402,161 股，占公司总股本的 2.90%。以上股份 均来源于公司首次公开发行前取得的股份，中安庐阳的股份于 2023 年 8 月 29 日起上市流通。 减持计划的实施结果情况 公司于 2025 年 10 月 23 日披露了《股东减持股份计划公告》（公告编号： 2025-051），中安庐阳计划通过大宗交易方式减持合计不超过公司股份总数的 0.69%（即 573,857 股）。 公司于 2025 年 11 月 13 日收到公司股东中安庐阳出具的《减持计划完成暨 减持结果的告知函》,截至 2025 年 11 月 13 日 ...

Summary of Key Points Core Viewpoint - On November 12, a total of 7 stocks from the STAR Market experienced block trading, with a cumulative transaction amount of 67.41 million yuan, indicating active trading in the sector [1]. Group 1: Trading Overview - The total number of block trades on November 12 was 10, with a cumulative trading volume of 2.5026 million shares [1]. - The stock with the highest transaction amount was Huasheng Lithium, with a block trading volume of 200,000 shares and a transaction amount of 19.50 million yuan [1]. - Other notable stocks included Kangpeng Technology and Lanke Technology, with transaction amounts of 18.82 million yuan and 13.79 million yuan, respectively [1]. Group 2: Detailed Trading Data - The detailed trading data for the stocks involved in block trading is as follows: - Huasheng Lithium: 1 transaction, 200,000 shares, average price 97.50 yuan, relative closing price premium -2.50%, transaction amount 19.50 million yuan [1]. - Kangpeng Technology: 1 transaction, 200,000 shares, average price 9.41 yuan, relative closing price premium -1.36%, transaction amount 18.82 million yuan [1]. - Lanke Technology: 4 transactions, 110,600 shares, average price 124.68 yuan, relative closing price premium 0.00%, transaction amount 13.79 million yuan [1]. - Hengshuo Co.: 1 transaction, 100,000 shares, average price 62.56 yuan, relative closing price premium -2.01%, transaction amount 6.26 million yuan [1]. - Huahai Chengke: 1 transaction, 54,000 shares, average price 93.23 yuan, relative closing price premium -13.00%, transaction amount 5.03 million yuan [1]. - Dekeli: 1 transaction, 22,000 shares, average price 91.40 yuan, relative closing price premium -10.00%, transaction amount 2.01 million yuan [1]. - Lexin Technology: 1 transaction, 16,000 shares, average price 125.00 yuan, relative closing price premium -20.22%, transaction amount 2.00 million yuan [1].

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on November 12, with a total transaction volume of 1.91 billion yuan across 66 stocks, indicating notable investor interest in specific companies [1]. Group 1: Trading Activity - The top three companies by transaction volume were Huali Group (974 million yuan), Century Huato (111 million yuan), and Chunfeng Power (77.24 million yuan) [1]. - A total of 10 stocks were traded at par value, 9 stocks at a premium, and 47 stocks at a discount [1]. Group 2: Premium and Discount Rates - The stocks with the highest premium rates were Tom Cat (18.6%), Beijing Bank (9.77%), and AVIC Chengfei (9.04%) [1]. - The stocks with the highest discount rates were Tengya Precision (23.88%), Lexin Technology (20.22%), and Wens Foodstuff (19.27%) [1]. Group 3: Institutional Buying and Selling - The ranking of institutional buying was led by Huali Group (974 million yuan), followed by Century Huato (111 million yuan) and Chunfeng Power (77.24 million yuan) [2]. - The top stocks sold by institutional investors included Century Huato (111 million yuan), followed by Hengrui Medicine (36.02 million yuan) and Haowei Group (26.44 million yuan) [2].

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2025-11-12 | 恒炼股份 | 688416 | 62.56 625.6 | 10 | 机构专用 | 华泰证券股发有限 公司合肥习发备证 | 11月12日，恒烁股份大宗交易成交10万股，成交额625.6万元，占当日总成交额的1.47%，成交价62.56元，较市场收盘价63.84元折价2.01%。 ...

Core Points - Hengshuo Semiconductor (Hefei) Co., Ltd. has seen a stock price increase of 5.53%, reaching 67.94 CNY per share, with a trading volume of 183 million CNY and a turnover rate of 4.27%, resulting in a total market capitalization of 5.634 billion CNY [1] - The company, established on February 13, 2015, and listed on August 29, 2022, focuses on the research, design, and sales of storage chips and MCU chips, with storage chips accounting for 83.57% of its main business revenue [1] Shareholder Analysis - Among the top ten circulating shareholders of Hengshuo, Huaxia Fund's Huaxia Industry Prosperity Mixed A (003567) increased its holdings by 99,200 shares in the third quarter, now holding 3.2427 million shares, which is 4.97% of the circulating shares [2] - The estimated floating profit from this investment is approximately 11.5442 million CNY [2] Fund Performance - Huaxia Industry Prosperity Mixed A (003567) has a total asset scale of 8.972 billion CNY and has achieved a year-to-date return of 54.76%, ranking 667 out of 8147 in its category [2] - Over the past year, the fund has returned 44.67%, ranking 685 out of 8056, and since its inception, it has achieved a return of 374.98% [2]

Core Viewpoint - The storage industry has entered an accelerated upward cycle driven by explosive demand from the AI era, with limited supply-side capacity leading to a widening supply-demand gap and accelerating price increases [2][4][6]. Group 1: Demand Drivers - The current upward cycle in the storage industry is primarily driven by the explosive demand from AI servers and multimodal applications, marking a shift from traditional demand sources like smartphones and internet companies [3][4]. - Flash storage demand is expected to grow significantly, with data center storage needs projected to increase from 600EB in 2020 to 2.4ZB by 2028, driven by generative AI [4][8]. - The Sora2 model exemplifies the increased storage requirements, consuming nearly 100MB for a 10-second 4K video, a substantial increase compared to traditional text storage needs [11]. Group 2: Supply-Side Dynamics - Storage manufacturers are focusing capital expenditures on high-margin products like HBM, with limited plans for significant NAND Flash capacity expansion, leading to a constrained supply environment [31][34]. - Major manufacturers like Samsung, SK Hynix, and Micron are reporting record revenues and profit margins, indicating strong demand and effective inventory management [5][43]. Group 3: Price Trends - Storage prices have accelerated in October 2025, with increases ranging from 40% to 100% across various product types, driven by heightened demand from AI servers and proactive price adjustments by manufacturers [37][39]. - Specific products like DDR5 and DDR4 have seen significant price hikes, with DDR5 prices increasing by 102.6% in October [39]. Group 4: Future Outlook - The storage industry is expected to continue its upward trajectory into 2026, with supply-demand imbalances likely to persist, supporting ongoing price increases [6][60]. - Investment opportunities are recommended in both overseas and domestic storage manufacturers, particularly those involved in niche storage chips and supply chain components [6][60].

Group 1 - The core point of the news is that Hengshuo Co., Ltd. experienced a significant block trade on November 6, with a transaction volume of 100,000 shares and a transaction amount of 6.125 million yuan, at a price of 61.25 yuan, which is a 2% discount compared to the closing price of the day [2][3] - The stock closed at 62.50 yuan, showing an increase of 9.50% for the day, with a turnover rate of 13.65% and a total transaction amount of 541 million yuan, indicating a net inflow of 4.215 million yuan from main funds [2][3] - Over the past three months, there have been a total of 20 block trades for this stock, with a cumulative transaction amount of 61.0732 million yuan [2] Group 2 - The latest margin financing balance for Hengshuo Co., Ltd. is 243 million yuan, which has decreased by 10.1108 million yuan over the past five days, representing a decline of 3.99% [3] - Hengshuo Semiconductor (Hefei) Co., Ltd. was established on February 13, 2015, with a registered capital of 829.29413 million yuan [3]

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on November 6, with a total transaction volume of 2.431 billion yuan, highlighting notable trading in companies such as Zhongwei Company, CATL, and Bull Group [1]. Group 1: Trading Activity - A total of 65 stocks underwent block trading, with transaction amounts reaching 2.431 billion yuan [1]. - The top three companies by transaction volume were Zhongwei Company (321 million yuan), CATL (288 million yuan), and Bull Group (254 million yuan) [1]. - Among the stocks, 7 were traded at par value, 3 at a premium, and 55 at a discount [1]. Group 2: Premium and Discount Rates - The stocks with the highest premium rates were Yuchen Intelligent (18.21%), Beijing Bank (10.37%), and AVIC Chengfei (8.69%) [1]. - The stocks with the highest discount rates included Longzhu Technology (26.25%), Electric Alloy (24.03%), and Youfang Technology (21.97%) [1]. Group 3: Institutional Trading - The top institutional buy amounts were led by Zhongwei Company (299 million yuan), CATL (288 million yuan), and Zhongji Xuchuang (183 million yuan) [2]. - The leading institutional sell amounts were dominated by CATL (288 million yuan), Zijin Mining (217 million yuan), and Zhongji Xuchuang (183 million yuan) [2].

Group 1 - The core point of the news is that Hengshuo Co., Ltd. executed a block trade of 100,000 shares on November 6, with a transaction amount of 6.125 million yuan, accounting for 1.12% of the total trading volume for that day [1][2] - The transaction price was 61.25 yuan, which represents a 2% discount compared to the market closing price of 62.5 yuan [1][2] Group 2 - The block trade was facilitated by Huatai Securities Co., Ltd., specifically through its Hefei branch [2]

Group 1 - The core point of the news is that Hengshuo Co., Ltd. executed a block trade on November 5, with a transaction volume of 100,000 shares and a transaction amount of 5.594 million yuan, at a price of 55.94 yuan, which is a 2.00% discount compared to the closing price of the day [1] Group 2 - In the last three months, Hengshuo Co., Ltd. has recorded a total of 19 block trades, with a cumulative transaction amount of 54.9482 million yuan [2] - The closing price of Hengshuo Co., Ltd. on the day of the report was 57.08 yuan, with a slight increase of 0.04%, and a daily turnover rate of 6.82% [2] - The net inflow of main funds for the day was 1.2578 million yuan, while the stock has seen a cumulative decline of 5.50% over the past five days, with a total net outflow of 20.2541 million yuan [2] Group 3 - The latest margin financing balance for Hengshuo Co., Ltd. is 23.9 million yuan, which has decreased by 3.08402 million yuan over the past five days, representing a decline of 11.42% [3] - Hengshuo Semiconductor (Hefei) Co., Ltd. was established on February 13, 2015, with a registered capital of 829.29413 million yuan [3]