受益于存储行业景气度回升，叠加AI产业快速发展，存储产品需求持续增加。2025年公司PCIE3.0、 PCIE4.0及企业级SATA主控芯片产品出货量明显增长，带动综合毛利率稳步提升;同时，公司依托自身 产品的技术优势与一站式解决方案能力，持续推进新客户开发及存储主控产品导入。在此基础上，公司 数据存储主控芯片的整体经营业绩相较于去年实现增长。 智通财经APP讯，联芸科技(688449.SH)披露2025年度业绩快报，2025年度实现营业总收入13.31亿元， 同比增长13.42%;归属于母公司所有者的净利润1.42亿元，同比增长20.36%。 ...

2025年，公司以巩固和扩大核心竞争优势为目标，持续强化新产品的研发投入与人才储备。一方面加快 下一代主控芯片的迭代升级，另一方面将研发人才团队建设视作技术创新的核心支撑，扩充嵌入式主控 芯片研发团队。报告期内研发费用约为50,595.76万元，较上年同期的42,518.48万元实现增长。伴随公司 营收规模同步增长，研发费用率维持平稳，研发资源配置高效，为公司持续开展技术创新、推动产品升 级提供坚实支撑。 格隆汇2月2日丨联芸科技(688449.SH)公布2025年度业绩快报，2025年度公司实现营业总收入13.31亿 元，同比增长13.42%；实现归属于母公司所有者的净利润1.42亿元，同比增长20.36%；实现归属于母公 司所有者的扣除非经常性损益的净利润1.01亿元，同比增长130.29%。 受益于存储行业景气度回升，叠加AI产业快速发展，存储产品需求持续增加。2025年公司PCIE3.0、 PCIE4.0及企业级SATA主控芯片产品出货量明显增长，带动综合毛利率稳步提升；同时，公司依托自身 产品的技术优势与一站式解决方案能力，持续推进新客户开发及存储主控产品导入。在此基础上，公司 数据存储主控芯片的整 ...

联芸科技公告，2025年度实现营业总收入13.31亿元，同比增长13.42%；归属于母公司所有者的净利润 1.42亿元，同比增长20.36%；归属于母公司所有者的扣除非经常性损益的净利润1.01亿元，同比增长 130.29%。 ...

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]

1月26日，联芸科技大宗交易成交34万股，成交额1606.85万元，占当日总成交额的3.52%，成交价47.26 元，较市场收盘价53.7元折价11.99%。 | 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 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-01-26 | 联芸科技 | 688449 | 47.26 | 401.71 | 8.5 | 公司北京 | | 종 | | 2026-01-26 | 联芸科技 | 688449 | 47.26 | 297.74 | 6.3 | | | ど | | 2026-01-26 | 联蓝科技 | 688449 | 47.26 | 297.74 | 6.3 | | | 문 | | 2026-01-26 | 联芸科技 | 688449 | 47.26 | 203.22 | 4.3 | 交部分行服務 | | 종 | | 2026-01-26 | 联芸科技 | 688449 | 47.26 | 2 ...

证券日报网讯 1月23日，联芸科技在互动平台回答投资者提问时表示，截至2026年1月20日，公司股东 人数为20749户。 （文章来源：证券日报） ...

联芸科技1月22日大宗交易平台出现一笔成交，成交量40.00万股，成交金额2202.40万元，大宗交易成交 价为55.06元，相对今日收盘价折价1.50%。该笔交易的买方营业部为财通证券股份有限公司深圳分公 司，卖方营业部为中信建投证券股份有限公司北京德胜门证券营业部。 进一步统计，近3个月内该股累计发生40笔大宗交易，合计成交金额为2.61亿元。 两融数据显示，该股最新融资余额为6.48亿元，近5日增加5120.92万元，增幅为8.58%。 据天眼查APP显示，联芸科技(杭州)股份有限公司成立于2014年11月07日，注册资本46000万人民币。 （数据宝） 1月22日联芸科技大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 40.00 | 2202.40 | 55.06 | -1.50 | 财通证券股份有限 | 中信建投证券股份有限公司北 | | | | | | 公司深 ...

（文章来源：证券日报） 证券日报网讯 1月22日，联芸科技在互动平台回答投资者提问时表示，截至2026年1月20日，公司股东 人数为20749户。 ...

1月22日，联芸科技大宗交易成交40万股，成交额2202.4万元，占当日总成交额的2.81%，成交价55.06 元，较市场收盘价55.9元折价1.5%。 | 交易日期 | | 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 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 026-01-22 | 取甚科技 | 688449 55.06 | 2202.4 40 | 慰謝慧霖劈毀無限 | 有糖素曾拒愛醫羅 | 190 | ...

Core Viewpoint - 联芸科技 shows a decline in stock price and significant trading activity, indicating potential volatility in the market [1] Group 1: Financial Performance - As of January 9, 2025, 联芸科技 reported a revenue of 921 million yuan, representing a year-on-year growth of 11.59% [2] - The net profit attributable to shareholders for the same period was 90.06 million yuan, reflecting a year-on-year increase of 23.05% [2] Group 2: Shareholder and Market Activity - On January 19, 2025, 联芸科技's stock price fell by 2.63%, with a trading volume of 575 million yuan [1] - The company had a financing balance of 638 million yuan, accounting for 4.05% of its market capitalization, which is above the 90th percentile of the past year [1] - The number of shareholders increased by 5.15% to 20,200, while the average number of circulating shares per person decreased by 4.90% to 14,550 shares [2] Group 3: Institutional Holdings - As of September 30, 2025, several new institutional investors entered the top ten shareholders, including 嘉实上证科创板芯片ETF and 诺安积极回报混合A [2] - 嘉实上证科创板芯片ETF holds 1.5658 million shares, making it the second-largest shareholder [2]