具体来看，2026年2月6日，芯来智融集中完成多项重大工商调整：不仅变更了企业名称，更核心的是将企业类型从有限责任公司变更为非上市股份有限公 司（即业内俗称的"股改"），同时完成登记机关升级至上海市市场监督管理局、核心管理团队成员调整等事宜。值得注意的是，股改作为企业登陆资本市 场的核心前置环节，叠加此前芯原股份收购终止的背景，难免让市场对芯来智融筹备独立上市的可能性产生诸多猜测。 芯来智融半导体科技（上海）股份有限公司 88 Mincrei 全部 工商 监管 诉讼 招投标 | 新闻 经营 G 共 383 条自身动态 关联动态 840 > 提示 企业类型变更 14:39 [7] 变更前:有限责任公司(外商投资企业与内资合资) 变更后: 股份有限公司(非上市、外商投资企业投资) 提示 登记机关变更 14:39 [7] 变更前登记机关:自由贸易试验区市场监督管理局 变更后登记机关: 上海市市场监督管理局 核准日期:2026-02-06 提示 主要成员变更 14:39 [7 职务变更:彰剑英、覃小蓉 退出:范奇晖、郑一鸣、邓洋丽 新增:郑岩、陶玉敏、夏敏、甘霖 提示 企业名称变更 14:39 [7 变更前：芯来智融 ...

2025年12月13日，芯原股份（688521.SH）正式公告终止收购芯来智融97.0070%股权，而芯来智融在收购终止后启动的一系列密集工商变更，为外界窥探 其未来发展走向提供了关键线索。 值得关注的是，芯原股份明确表示终止收购不影响自身经营，未来仍以股东身份深化与芯来智融的合作，这为芯来智融独立发展保留了充足空间，实现双 方柔性解绑、互利共赢。 具体来看，2026年2月6日，芯来智融集中完成多项重大工商调整：不仅变更了企业名称，更核心的是将企业类型从有限责任公司变更为非上市股份有限公 司（即业内俗称的"股改"），同时完成登记机关升级至上海市市场监督管理局、核心管理团队成员调整等事宜。值得注意的是，股改作为企业登陆资本市 场的核心前置环节，叠加此前芯原股份收购终止的背景，难免让市场对芯来智融筹备独立上市的可能性产生诸多猜测。 芯来智融半导体科技（上海）股份有限公司 8 Mincrei 全部 工商 监管 新闻 经营 G 共 383 条自身动态 关联动态 840 > 提示 企业类型变更 14:39 [7] 变更前:有限责任公司(外商投资企业与内资合资) 变更后: 股份有限公司(非上市、外商投资企业投资) 提示 ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry, indicating an expectation of returns stronger than the market benchmark by over 5% [5]. Core Insights - Strong demand for computing power driven by AI applications is expected to continue, with significant investments from major cloud providers [8]. - The hardware supply-demand imbalance is spreading across various sectors, leading to price increases [8]. - New technologies such as CPO (Co-Packaged Optics) are anticipated to create additional demand [8]. Summary by Sections Investment Recommendations and Targets - Key investment targets include: - Semiconductor manufacturing: SMIC (688981, Buy), Hua Hong Semiconductor (01347, Buy) - Testing and packaging: Changdian Technology (600584, Buy), Tongfu Microelectronics (002156, Buy), and others [9]. - Server storage: Lianqi Technology (688008, Buy) - CPUs: Haiguang Information (688041, Buy), Longxin Technology (688047, Not Rated), and others [9]. - Passive components: Sanhua Group (300408, Buy), Fenghua Advanced Technology (000636, Not Rated) [9]. - Server manufacturing: Industrial Fulian (601138, Buy), Huaqin Technology (603296, Buy) [9]. - Analog and power chips: Naxin Micro (688052, Buy), Sierui Technology (688536, Not Rated), and others [9]. - Semiconductor equipment: Zhongwei Company (688012, Buy), Northern Huachuang (002371, Buy), and others [9]. - Optical devices/chips: Zhishang Technology (301486, Not Rated), Tianfu Communication (300394, Not Rated), and others [9]. AI Applications and Edge Computing - Key targets in edge AI applications include: - AI main control chips: Amlogic (688099, Buy), Hengxuan Technology (688608, Buy) - Edge storage: Zhaoyi Innovation (603986, Buy), Bawei Storage (688525, Buy) [10]. - Terminal manufacturers: Hikvision (002415, Buy), Luxshare Precision (002475, Buy), BYD Electronics (00285, Not Rated), and others [10]. - Core components for AI edge: Huanxu Electronics (601231, Buy), Sunny Optical Technology (02382, Buy), and others [10].

据交易所数据显示，截至2月6日收盘，主力资金流出前20的股票分别为： 新易盛（-28.83亿元）、 中际旭创（-15.50亿元）、 航天发展（-13.04亿元）、 平 潭发展（-10.35亿元）、 东方财富（-8.19亿元）、 中国卫星（-7.29亿元）、 浙文互联（-6.98亿元）、 乾照光电（-6.49亿元）、 昆仑万维（-5.97亿元）、 阳光电源（-5.46亿元）、 贵州茅台（-5.44亿元）、 兴业银锡（-5.33亿元）、 利欧股份（-5.01亿元）、 同花顺（-4.66亿元）、 山东黄金（-4.65亿元）、 蓝 色光标（-4.55亿元）、五 粮 液（-4.52亿元）、 海峡创新（-4.36亿元）、 三安光电（-4.11亿元）、 芯原股份（-4.04亿元）。 | 股票名称 | 涨跌幅 (%) | 主力资金流向 | 所属行) | | --- | --- | --- | --- | | 新易盛 | -4.95 | -28.83亿元 | 通信设备 | | 中际旭创 | -3.91 | -15.50亿元 | 通信设备 | | 航天发展 | -5.16 | -13.04亿元 | 通信设备 | | 平潭发展 | ...

Group 1 - AI concept stocks declined, with Kunlun Wanwei dropping over 8%, Chipone falling over 5%, and Xinyi Sheng and Zhongji Xuchuang both decreasing over 4% [1] - The AI-related ETFs in the Sci-Tech and Entrepreneurship sector fell by more than 2% due to market influences [1] Group 2 - Various AI-related ETFs showed the following price changes: - ICBC Sci-Tech Entrepreneurship AI ETF at 1.073, down 2.81% - Yongying Sci-Tech Entrepreneurship AI ETF at 1.043, down 2.52% - Huatai-PB Sci-Tech Entrepreneurship AI ETF at 1.083, down 2.52% - E Fund Sci-Tech Entrepreneurship AI ETF at 1.088, down 2.51% - Penghua Sci-Tech Entrepreneurship AI ETF at 1.052, down 2.41% - Morgan Sci-Tech Entrepreneurship AI ETF at 1.056, down 2.49% - Invesco Sci-Tech Entrepreneurship AI ETF at 1.057, down 2.40% [2] Group 3 - Analysts indicate that AI is the core driving force of a new technological revolution, with its greatest value lying in creating new possibilities rather than merely enhancing efficiency [2] - Large model technology is profoundly reshaping the global industrial landscape, with potential to bring incremental commercial value worth trillions of yuan to the financial industry, transitioning from efficiency enhancement to value creation [2] - The iterative development of large models faces challenges such as technological bottlenecks, high investment costs, and the need to balance with regulatory frameworks [2]

国金鑫悦经济新动能A（010375）成立日期2020年11月18日，最新规模3165.27万。今年以来收益 14.22%，同类排名281/8873；近一年收益32.41%，同类排名3559/8123；成立以来收益10.27%。 国金鑫悦经济新动能A（010375）基金经理为王小刚。 截至发稿，王小刚累计任职时间3年42天，现任基金资产总规模1.31亿元，任职期间最佳基金回报 50.91%， 任职期间最差基金回报22.08%。 从基金十大重仓股角度 数据显示，国金基金旗下1只基金重仓芯原股份。国金鑫悦经济新动能A（010375）四季度增持5978 股，持有股数1.98万股，占基金净值比例为5.27%，位居第三大重仓股。根据测算，今日浮亏损失约 22.11万元。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月6日，芯原股份跌5.47%，截至发稿，报193.37元/股，成交4.45亿元，换手率0.43%，总市值1016.96 亿元。 ...

科创芯片ETF（588200）业绩比较基准为上证科创板芯片指数收益率，管理人为嘉实基金管理有限公 司，基金经理为田光远，成立（2022-09-30）以来回报为157.22%，近一个月回报为4.60%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月6日，科创芯片ETF（588200）开盘跌1.60%，报2.525元。科创芯片ETF（588200）重仓股方面，中 芯国际开盘跌1.48%，海光信息跌1.00%，寒武纪跌1.49%，澜起科技跌1.87%，中微公司跌1.23%，拓荆 科技跌0.37%，芯原股份跌3.69%，华虹公司跌1.90%，沪硅产业涨0.00%，东芯股份跌1.37%。 来源：新浪基金∞工作室 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，2月5日数字人民币板块较上一交易日下跌1.22%，芯原股份领跌。当日上证指数报收于 4075.92，下跌0.64%。深证成指报收于13952.71，下跌1.44%。数字人民币板块个股涨跌见下表： 从资金流向上来看，当日数字人民币板块主力资金净流出10.34亿元，游资资金净流入4.66亿元，散户资 金净流入5.68亿元。数字人民币板块个股资金流向见下表： ...

来源：新浪基金∞工作室 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 科创芯片ETF南方（588890）业绩比较基准为上证科创板芯片指数收益率，管理人为南方基金管理股份 有限公司，基金经理为李佳亮，成立（2024-04-15）以来回报为192.73%，近一个月回报为11.24%。 2月5日，科创芯片ETF南方（588890）开盘跌1.13%，报2.892元。科创芯片ETF南方（588890）重仓股 方面，中芯国际开盘跌1.61%，海光信息跌2.11%，寒武纪跌1.68%，澜起科技跌5.28%，中微公司跌 2.64%，拓荆科技跌3.47%，芯原股份跌4.04%，华虹公司跌2.18%，沪硅产业跌1.28%，东芯股份跌 1.99%。 ...

Summary of Conference Call Records Company and Industry Involved - The discussion primarily revolves around the domestic AI model development and cloud computing industry in China, with a focus on companies like ByteDance, Alibaba, and Huawei [1][2][3]. Core Points and Arguments - **Intensive Release of Domestic AI Models**: The domestic AI model sector is entering a dense release period, with significant models such as DeepSeek's OCR2, Kimi's K2.5, Alibaba's Qwen3-Max-Thinking, and Baidu's Wenxin 5.0 being launched. ByteDance plans to release three new AI models in February, including Doubao 2.0, Seedream 5.0, and SeedDance 2.0, with Alibaba also set to launch Qwen 3.5 during the Spring Festival [1]. - **High Capital Expenditure by Cloud Providers**: According to a report, ByteDance has planned a capital expenditure of 160 billion yuan for 2026, up from approximately 150 billion yuan in 2025. Alibaba is also advancing a three-year plan for AI infrastructure construction with a budget of 380 billion yuan [2]. - **Accelerated Demand for Inference Power**: The rapid iteration of domestic models is expected to enhance user interaction with AI, leading to a significant increase in demand for inference computing power. 2026 is anticipated to be a pivotal year for the deployment of domestic supernodes, with several companies, including Huawei and Alibaba, launching new supernode solutions [2]. - **Supply and Demand Dynamics**: The industry is poised for a significant growth phase, with both supply and demand sides actively engaging. The financial team has been recommending Chip Origin as a top pick in the domestic computing sector since December, emphasizing its importance [3]. Other Important but Possibly Overlooked Content - The release of multiple AI models is expected to accelerate the commercialization of these technologies, indicating a robust growth trajectory for the domestic AI industry [1]. - The ongoing investments in AI infrastructure by major cloud providers are crucial for establishing a solid foundation for domestic computing power demand [2].