芯原微电子（上海）股份有限公司（证券代码：688521，以下简称"芯原股份"）于10月9日发布了2025 年第三季度经营情况的自愿性披露公告。预计2025年第三季度实现营业收入12.84亿元，单季度收入创 公司历史新高。与上一季度相比，收入大幅增长119.74%，与去年同期相比，增长78.77%。这一增长主 要得益于一站式芯片定制业务的显著增长。预计2025年第三季度单季度亏损同比、环比均实现大幅收 窄，盈利能力大幅提升。 从各业务具体表现来看，公司预计2025年第三季度实现芯片设计业务收入4.29亿元，环比增长 291.76%，同比增长80.67%；预计实现量产业务收入6.09亿元，环比增长133.02%，同比增长158.12%； 预计实现知识产权授权使用费收入2.13亿元，环比增长14.14%，同比基本持平。 在订单方面，公司预计2025年第三季度新签订单15.93亿元，同比大幅增长145.80%，其中AI算力相关的 订单占比约65%。公司预计2025年前三季度新签订单32.49亿元，已超过2024年全年新签订单水平。公 司在手订单已连续八个季度保持高位，预计截至2025年第三季度末在手订单金额为32.8 ...

Core Viewpoint - The A-share market has accelerated its breakthrough, with the Shanghai Composite Index surpassing the 3900-point mark for the first time in 10 years, driven by strong performance in technology stocks and external market conditions [1][5]. Market Performance - On October 9, the Shanghai Composite Index rose by 0.58%, while the Shenzhen Component Index and the ChiNext Index both increased by over 1%. The STAR Market 50 Index surged by over 5%, indicating a significant rally in the semiconductor industry [1][2]. - The total market capitalization of the Shanghai Composite Index reached 623,677 billion, with total trading volume at 615.43 billion [3]. Sector Analysis - The semiconductor sector was a major contributor to the market's rise, with stocks like Chipone Technology and Huahong Semiconductor seeing gains of over 15% and approaching 20% respectively. Other notable performers included Zhaoyi Innovation and various storage chip companies [2][4]. - The technology sector, particularly in AI and semiconductor stocks, has been identified as the main driver behind the index's acceleration, with significant contributions from companies like Industrial Fulian and Zijin Mining [3][4]. External Influences - The market's upward momentum was supported by favorable external conditions, including a positive performance in global markets during the holiday period, which led to a significant reduction in margin financing balances, indicating a bullish sentiment [4][5]. - Analysts noted that the ongoing developments in AI technology and breakthroughs in various sectors, such as solid-state batteries and nuclear fusion, have provided fertile ground for market speculation [5][6]. Future Outlook - Analysts predict that the market will likely continue to trend upwards in October, supported by historical patterns of post-holiday market performance. The focus will be on sectors with strong growth potential and lower valuation constraints, particularly in technology and cyclical industries [6][7]. - The upcoming "14th Five-Year Plan" is expected to attract market attention, with a continued emphasis on technology as a primary investment focus [7].

Market Overview - The three major indices opened higher on October 9, with the Shanghai Composite Index rising by 1.19% to surpass 3900 points for the first time since August 2015 [1][2] - The Shenzhen Component increased by 1.84%, and the ChiNext Index rose by 1.99%, with over 3200 stocks in the two markets experiencing gains [1][2] - The total trading volume reached 1.65 trillion yuan, an increase of 525.7 billion yuan compared to the previous trading day [1] Sector Performance - The STAR 50 Index saw a gain of over 5%, with significant increases in the semiconductor industry, including Chipone Technology rising over 16% [1][2] - The GPU, controllable nuclear fusion, and rare earth sectors led the gains, while real estate and short drama sectors faced declines [3][4] - Notable stocks included ZTE Corporation, which hit the daily limit with a trading volume exceeding 12 billion yuan, and H-shares rising nearly 12% to a historical high [3] Chip Sector Highlights - The storage chip sector experienced a significant surge, with companies like Huahong Semiconductor and Yake Technology hitting their daily limits [4][5] - The STAR 50 ETF increased by 3.31%, with stocks such as Western Superconducting and Chipone Technology showing gains of over 16% [5][6] - A recent report indicated that global storage chip prices have been rising, with expectations of a 10% increase in server eSSD prices and a 10-15% rise in DDR5 RDIMM prices in Q4 2025 [6] Gold and Precious Metals - Gold futures surged, with the main contract breaking the 900 yuan/gram mark, reaching a historical high of 913.5 yuan/gram [7][8] - The precious metals sector saw collective gains, with companies like Sichuan Gold and Zhongjin Gold rising significantly [8] Nuclear Fusion and Rare Earth Developments - The controllable nuclear fusion sector showed strong performance, with companies like Hezhong Intelligent and Western Superconducting gaining traction following news of China's nuclear fusion device construction [9] - Rare earth stocks also performed well, with Baotou Steel and Northern Rare Earth seeing increases after the Ministry of Commerce announced new export controls on rare earth technologies [10]

Market Overview - The three major indices opened higher, with the Shanghai Composite Index rising by 1.19%, Shenzhen Component Index by 1.84%, and ChiNext Index by 1.99%, marking the first time since August 2015 that the Shanghai Composite Index surpassed 3900 points [1] - Over 3200 stocks in the two markets increased, with a trading volume of 1.65 trillion yuan, an increase of 525.7 billion yuan compared to the previous trading day [1] Semiconductor Sector - The semiconductor industry saw significant gains, with the STAR 50 Index rising over 5%. Notable stocks included Chipone Technology, which surged over 16%, and other companies like Zhongwei Technology and Canaan Inc. also performed well [1][7] - Storage chip stocks experienced a breakout, with Huahong Semiconductor hitting a 20% limit up, and several other companies like Yake Technology and Shenzhen South Circuit also reaching their limits [5] - The STAR 50 ETF increased by 3.31%, with stocks like Western Superconducting and Chipone Technology seeing gains exceeding 16% [7] Gold and Precious Metals - Gold futures surged, breaking the 900 yuan/gram mark, reaching a historical high of 913.5 yuan/gram. The precious metals sector saw significant increases, with companies like Sichuan Gold and Zhongjin Gold hitting their upper limits [9] - COMEX gold futures fell by 0.81% to $4037.4 per ounce, but had accumulated a 4.45% increase during the National Day holiday [9] Controlled Nuclear Fusion - Stocks related to controlled nuclear fusion showed strong performance, with companies like Hezhong Intelligent and Western Superconducting gaining traction. The construction of China's nuclear fusion device BEST has begun, which is expected to demonstrate nuclear fusion power generation by 2030 [10] Rare Earth Sector - Rare earth stocks also performed well, with Baotou Steel rising over 8% and Northern Rare Earth increasing over 6%. The Ministry of Commerce announced new export controls on rare earth-related technologies, which may impact the sector [11][12]

【导读】上证指数盘中突破3900点，续创10年新高 | 上证指数 | 深证成指 | | 北证50 | | | --- | --- | --- | --- | --- | | 3908.28 | 13677.13 | | 1525.15 | | | +25.50 +0.66% | +150.62 +1.11% | | -3.48 -0.23% | | | 科创50 | 创业板指 | | 万得全A | | | 1559.66 | 3273.72 | | 6406.42 | | | +64.38 +4.31% | +35.55 +1.10% | | +57.48 +0.91% | | | 沪深300 | 中证500 | | 中证A500 | | | 4688.12 | 7493.63 | | 5679.31 | | | +47.43 +1.02% | +81.26 +1.10% | | +60.60 +1.08% | | | 中证1000 | 深证100 | | 中证红利 | | | 7629.64 | 6024.45 | | 5450.78 | | | +54.67 +0.72% | +65.92 +1.11% ...

格隆汇10月9日｜科创50指数涨幅扩大至超5%。中芯国际、华虹公司、江波龙、灿芯股份、芯联集成等 多只芯片股创历史新高。西部超导(688122)、芯原股份均涨超15%，中微公司(688012)涨超10%。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

(本文来自第一财经) 科创50大涨逾5%，半导体产业链涨势扩大，芯原股份涨超15%，芯联集成、中微公司、澜起科技、拓 荆科技涨幅居前。 ...

Core Insights - The AI sector is experiencing significant growth, with the Shanghai Stock Exchange's Sci-Tech Innovation Board AI Index rising by 1.28% as of October 9, 2025, driven by strong performances from key stocks like Chipone Technology and Lattice Semiconductor [2] - OpenAI has made notable advancements, including the launch of its video generation model Sora 2.0, which is expected to revolutionize the video generation field [4] - Citigroup analysts have raised their AI capital expenditure forecast for 2026 from $420 billion to $490 billion, indicating a growth expectation of 24%, surpassing the current market consensus of 20% [3] Industry Developments - Ant Group's AI model Ring-1T, with a parameter count of 1 trillion, was announced as open-source on September 30, 2025, highlighting advancements in AI model capabilities [2] - OpenAI's partnership with major chip manufacturers like Samsung and SK Hynix for the "Stargate" project signifies a strategic move to enhance hardware support for AI applications [4] - The AI video generation market is projected to reach a trillion-dollar valuation, driven by the successful integration of social features in Sora 2, which has quickly topped the U.S. iOS app charts [6] Market Performance - The Sci-Tech AI ETF (588790) has shown strong performance, with a 2.56% increase over the last two weeks and a daily average trading volume of 747 million yuan over the past month, ranking first among comparable funds [2][8] - The ETF's assets have grown by 2.642 billion yuan over the past three months, indicating robust investor interest and confidence in the AI sector [8] - The top ten weighted stocks in the Sci-Tech AI Index account for 71.9% of the index, with companies like Lattice Semiconductor and Chipone Technology leading the way [9]

十月第一个交易日（10月9日），重点布局国产AI产业链的科创人工智能ETF（589520）场内价格盘中 拉升1.66%，现涨1.36%，刷新上市以来的高点！ 成份股方面，芯原股份涨超10%，澜起科技涨逾5%，寒武纪、虹软科技、恒玄科技涨逾2%，道通科 技、合合信息、中科星图等个股跟涨。 国庆假期期间，人工智能方向利好消息频现，重点关注四则： 1、芯原股份Q3业绩炸裂：AI订单驱动营收创纪录 ASIC龙头（人工智能专用芯片）芯原股份2025年第三季度预计实现营业收入12.84亿元，创单季历史新 高，环比暴增119.74%，同比增长78.77%。申万宏源指出，芯原股份是国产芯片定制服务与IP授权领军 厂商，充分受益各类芯片公司、终端厂商的芯片从设计、定制到量产服务的增长需求。 2、OpenAI更新视频大模型Sora2 相比上一代视频大模型，Sora2可以实现视频自动配音，并且人物说话和口型能够完美对上。华泰证券 指出，Sora2及其配套社交应用的发布，标志着AI视频生成与社交互动进入融合阶段，有望重塑内容创 作和分发生态，或迎来AI视频生成的ChatGPT时刻。随着多模态AI大模型能力持续提升，Sora2有望使 ...

Group 1 - The People's Bank of China reported that as of the end of September, the country's gold reserves reached 74.06 million ounces, marking the 11th consecutive month of increases, with a month-on-month increase of 40,000 ounces [1] - Spot gold prices have surpassed the $4,000 per ounce milestone, driven by concerns over the U.S. economy and government shutdown risks, with gold prices rising over 50% this year [2] - The People's Bank of China will conduct a 1.1 trillion yuan reverse repurchase operation on October 9 to maintain ample liquidity in the banking system [3] Group 2 - During the National Day holiday, over 2.4 billion people traveled across regions, setting a historical record, with box office revenue exceeding 1.8 billion yuan [4] - The China Securities Regulatory Commission held a meeting to discuss the "14th Five-Year" capital market planning, focusing on deepening reforms in issuance, refinancing, and mergers and acquisitions [5] - The National Development and Reform Commission has allocated 69 billion yuan in special bonds to support the consumption upgrade policy [6] Group 3 - Cambrian Technology announced a private placement to raise 3.985 billion yuan, with funds allocated for AI chip and software platform projects [6] - Chipone Technology expects to sign new orders worth 1.593 billion yuan in Q3, a year-on-year increase of 145.8%, with AI-related orders accounting for about 65% [6][14] - Zhangjiang Hi-Tech's controlling shareholder plans to reduce its stake by up to 1% [7] - Shenyang Chemical is facing penalties for alleged false disclosures in annual reports from 2018 to 2021, resulting in a fine of 7 million yuan [8] - Hainan Huatie's subsidiary terminated a 3.69 billion yuan computing power service agreement due to market changes [9] - Wintime Technology announced a temporary suspension of trading due to undisclosed important information [10] - Seres reported a 19.44% year-on-year increase in September sales of new energy vehicles [11] - Hainan Huatie's major shareholder plans to increase its stake by 30 to 50 million yuan [12] - Yonghe Holdings expects a significant increase in net profit for Q3, projecting a year-on-year growth of 448% to 507% [12] - Sichuan Gold acquired exploration rights for a gold mine in Xinjiang for 510 million yuan, indicating favorable geological conditions [13]