本文字数：2393，阅读时长大约4分钟 作者 |第一财经 魏中原 8月以来，国家集成电路产业投资基金（下称"大基金"）投资回收步伐继续提速。8月13日，佰维存储 （688525.SH）、安路科技（688107.SH）披露大基金减持计划公告，燕东微（688172.SH）公布了大基 金近期减持股份的进展。 至此，大基金年内计划或已经减持了8家半导体上市公司，除了佰维存储是大基金二期减持以外，其余 均为大基金一期减持。根据第一财经不完全统计，除了上述公司，今年以来，大基金一期计划减持的半 导体公司还包括通富微电（002156.SZ）、泰凌微（688591.SH）、盛科通信（688702.SH）、华大九天 （301269.SZ）、德邦科技（688035.SH）。 其中部分减持已经过半，比如，通富微电已被大基金一期减持逾7亿元，减持比例完成超过七成。盛科 通信、德邦科技将在8月下半月进入大基金一期的减持期。市场分析认为，大基金的投资与退出动作呈 现"一期加速退出成熟领域、二期三期接力布局战略核心环节"的运作逻辑。 3家半导体公司拟被减持 8月以来，佰维存储、安路科技、德邦科技3家半导体产业链公司公告了大基金的减持计划。 ...

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "Big Fund") has accelerated its investment recovery pace in the semiconductor sector, with plans to reduce holdings in multiple listed companies in 2023 [3][9]. Group 1: Investment Reduction Plans - In August, companies such as Baiwei Storage and Anlu Technology announced reduction plans by the Big Fund, marking a significant move in the semiconductor industry [3][5]. - The Big Fund has reportedly planned to reduce holdings in eight semiconductor companies this year, with notable reductions already completed in companies like Tongfu Microelectronics and Shengke Communication [3][9]. - Baiwei Storage, with the Big Fund as its second-largest shareholder, plans to reduce up to 922.53 million shares, amounting to approximately 6.15 billion yuan based on the closing price [5][6]. Group 2: Specific Company Reductions - Anlu Technology is facing collective reductions from multiple shareholders, including the Big Fund, which plans to reduce up to 400.85 million shares, potentially lowering its stake below 5% [5][6]. - The Big Fund has also reduced its holdings in Debang Technology, with plans to further reduce up to 426.72 million shares, expected to yield around 1.78 billion yuan [6][10]. - Yandong Microelectronics reported a reduction of 116.5 million shares by the Big Fund, decreasing its stake from 7.07% to 6.99% [9][10]. Group 3: Fund Background and Strategy - The Big Fund was established in 2014, focusing on investments in the semiconductor supply chain, and has entered its fifth year of the investment recovery phase [8][9]. - The first phase of the Big Fund is accelerating exits from mature sectors while the second and third phases are focusing on strategic core areas within the semiconductor industry [3][9].

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "Big Fund") has accelerated its investment recovery pace in the semiconductor sector, with plans to reduce holdings in multiple listed companies, indicating a strategic shift towards core segments of the industry [1][4]. Group 1: Big Fund's Reduction Plans - Big Fund has announced reduction plans for three semiconductor companies: Baiwei Storage, Anlu Technology, and Debang Technology [2][3]. - Baiwei Storage, with Big Fund as its second-largest shareholder, plans to reduce up to 922.53 thousand shares, amounting to approximately 615 million yuan based on the closing price [2]. - Anlu Technology is undergoing a collective reduction by several shareholders, including Big Fund, which plans to reduce up to 400.85 thousand shares, potentially lowering its stake below 5% [2][3]. Group 2: Investment Recovery Progress - Big Fund's first phase, established in 2014, is in its fifth year of investment recovery, focusing on semiconductor manufacturing, design, testing, and equipment materials [4]. - The fund has significantly accelerated its exit from investments in semiconductor companies this year, with multiple companies announcing reduction plans [4][5]. - Notable reductions include over 8 billion yuan for Shengke Communication and over 7 billion yuan for Tongfu Microelectronics, with ongoing and upcoming reductions for other companies [5][6]. Group 3: Specific Company Reductions - For Tongfu Microelectronics, Big Fund has already reduced over 7.36 billion yuan worth of shares, with 74.64% of its planned reduction completed [6]. - Debang Technology is set to undergo a reduction of up to 426.72 thousand shares, with an expected cash-out of approximately 178 million yuan [3][5]. - Yandong Microelectronics has seen a reduction of 116.5 thousand shares, with a decrease in holding from 7.07% to 6.99% [5].

通达动力：上半年净利润4263.96万元 同比增长32.49% 8月14日晚，通达动力（002576）发布2025年半年度报告，公司上半年实现营业收入9.71亿元，同比增 长22.07%；实现归属于上市公司股东的净利润4263.96万元，同比增长32.49%；基本每股收益为0.26元/ 股。 资料显示，通达动力成立于1988年6月，主营业务是电动机、发电机、新能源汽车定转子铁芯的研发、 生产、销售和服务。 所属行业：电力设备–电机Ⅱ–电机Ⅲ 恒申新材：上半年净亏损3669.83万元 8月14日晚，恒申新材（000782）发布2025年半年度报告，公司上半年实现营业收入12.18亿元，同比下 降24.84%；实现归属于上市公司股东的净亏损3669.83万元，上年同期亏损1036.91万元；基本每股收益 为-0.05元/股。 资料显示，恒申新材成立于1992年11月，主营业务是锦纶6切片和纺丝的生产、销售。 所属行业：基础化工–化学纤维–锦纶 易明医药：上半年净利润3755.71万元 同比下降5.27% 8月14日晚，易明医药（002826）发布2025年半年度报告，公司上半年实现营业收入3.11亿元，同比下 降 ...

| 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3666.44 | 11451.43 | 1432.80 | | -17.02 -0.46% -99.93 -0.87% -29.06 -1.99% | | | | 科创50 | 创业板指 | 万得全A | | 1085.74 | 2469.66 | 5751.93 | | +8.04 +0.75% -26.85 -1.08% -49.66 -0.86% | | | | 沪深300 | 中证500 | 中证A500 | | 4173.31 | 6429.85 | 4939.05 | | -3.26 -0.08% -78.25 -1.20% -16.97 -0.34% | | | | 中证1000 | 深证100 | 中证红利 | | 6976.49 | 4957.38 | 5540.13 | | -87.85 -1.24% | -26.86 -0.54% | -53.57 -0.96% | | 万得全A涨跌分布 | | | | 跌 4644 | | 涨 734 | | 成交额 2.31万亿，增1311亿 | | | 港股 ...

据闪德资讯获悉，佰维存储发布公告，股东国家集成电路基金二期因自身经营管理需要，拟通过大宗交 易方式减持本公司股份合计不超过922.53万股，不超过公司股份总数2%。 减持期为2025年9月5日至2025年12月4日，减持价格按市场价格确定。 | 减持主体的基本情况 | | --- | | 股东名称 | 因家集成电路产业投资基金二期股份有限公司 | | --- | --- | | 计划减持数量 | 不超过:9,225,312 股 | | 计划减持比例 | 不超过:2.00% | | 减持方式及对应减持数量 | 大宗交易减持,不超过:9,225,312 股 | | 减持期间 | 2025年9月5日~2025年12月4日 | | 拟减持股份来源 | IPO 前取得 | | 拟减持原因 | 自身经营管理需要 | 国家集成电路产业投资基金俗称"大基金"。 近年大基金在所投资公司上市后减持的案例并不少见，这是基金投资后实现良性退出的必然结果。 佰维存储主营业务是半导体存储器研发设计、封装测试、生产和销售。 主要产品是嵌入式存储、PC存储、工车规存储、先进封测服务。 | | | | 股东身份 | 控股股东、实控人及一致行动 ...

今年上半年，在手机领域，佰维存储实现了一线手机客户的持续突破，2025上半年新进入vivo，与OPPO、传音、摩托罗拉等客户持续保持深度合作；在PC 领域，佰维存储实现了全球头部PC客户预装市场的进一步突破，已经进入联想、小米、Acer、HP、同方等国内外知名PC厂商，其中小米是2025年上半年新 进入的PC领域客户，此外，公司在消费级PC市场表现持续亮眼，收入持续增长。 在智能穿戴领域，佰维存储产品目前已被Meta、Google、小米、小天才、Rokid、雷鸟创新等国内外知名企业应用于其AI/AR眼镜、智能手表等智能穿戴设 备上；在企业级领域，佰维存储产品目前正处于高速发展阶段，已获得AI服务器厂商、头部互联网厂商以及国内头部OEM厂商的核心供应商资质，并实现 预量产出货，同时积极深化国产化生态布局，与国产服务器厂商达成战略合作伙伴关系；在智能汽车领域，佰维存储已向头部车企大批量交付LPDDR和 eMMC产品，并且持续推动新产品导入验证。 近日，佰维存储在接受机构调研时表示，目前存储行业价格企稳回升，叠加传统旺季的备货动能，以及AI眼镜等新兴应用需求旺盛，从当前时点来看，景 气度仍会持续。 据介绍，2025 ...

根据市场公开信息及8月13日披露的机构调研信息，知名私募玖歌投资近期对1家上市公司进行了调研， 相关名单如下： 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。 机构简介： 上海玖歌投资管理有限公司成立于2002年，注册资本1亿元，是国内成立最早的证券投资基金-私募基金 公司之一，投资领域涵盖证券投资、股票大宗交易、定向增发，并购基金，PE私募股权投资和固定收 益类投资，综合管理资产总规模超过五十亿元人民币。玖歌投资于2014年4月获得中国证券投资基金协 会颁发的证券投资基金管理人资格。玖歌投资多年坚持价值投资理念，公司历经多轮牛熊考验，追求稳 健成长。公司秉承通过基本面研究和主动管理获取超额回报的理念，持续为客户创造超额收益；团队内 部采取类合伙人激励机制，坚持"快乐投资"理念。 1）佰维存储 （上海玖歌投资管理有限公司参与公司2025年半年度业绩交流会） 调研纪要：佰维存储在2025年上半年业务取得多项突破，包括手机、PC、智能穿戴、企业级和智能汽 车领域。存储行业价格企稳回升，公司首款国产自研eMMC主控芯片已量产，UFS主控研发 ...

| | | 8月14日A股投资避雷针 | | | --- | --- | --- | --- | | 类别 | 公司 | 主要内容 | | | | 宇环数控 | 控股股东许世雄拟减持不超1%股份 | | | | 天村科技 | 股东钱永耀拟减持不超3%股份 | | | | 和顺科技 | 特定股东广注启沃拟减持不超65.53万股 | | | | 金丹科技 | 董事于培星拟减持150万股 | | | | 降华新材 | 控股股东韩志刚拟减持不超1%股份 | | | | 安联锐视 | 联众永盛与徐进拟减持合计不超99万股 | | | 股东减持 | 凯撒旅业 | 金谷信托拟减持不超3%股份 | | | | 利君股份 | 股东魏勇及其一致行动人拟减持合计不超3%股份 | | | | 世纪大鸿 | 志鸿教育拟减持不超3%股份 | | | | 德龙激光 | 董事长赵裕兴拟减持不超过2%股份 | | | | 伯维存储 | 国家集成电路基金二期拟减持不超过2%股份 | | | | 三友医疗 | 董事兼总裁徐农拟减持不超2.00%股份 | | | 其他 | 华康洁净 | 控股股东、实控人、董事长谭平涛被采取留置措施 | | | | ...

Group 1 - Zhengfan Technology plans to acquire 62.23% equity of Hanjing Semiconductor for a total price of 1.12 billion yuan [1] - Yongji Co. is planning to acquire control of Nanjing Tena Fei Electronic Technology Co. through a combination of issuing shares and cash, with stock suspension expected to last no more than 10 trading days [2] - Aiwai Electronics reported a 71.09% year-on-year increase in net profit attributable to shareholders in the first half of 2025, despite a 13.4% decline in revenue [3] Group 2 - Huabei Pharmaceutical's net profit attributable to shareholders increased by 71.56% year-on-year in the first half of 2025, with a slight revenue growth of 0.84% [4] - Haichuang Pharmaceutical reported a revenue increase of 11,899.08% year-on-year, but incurred a net loss of 61.85 million yuan in the first half of 2025 [5] - Baiwei Storage announced that the National Integrated Circuit Fund II plans to reduce its stake by no more than 2% through block trading [6] Group 3 - Anlu Technology announced that several entities, including the National Integrated Circuit Fund, plan to collectively reduce their stake by no more than 3.25% [7] - Laimu Co.'s controlling shareholder plans to reduce its stake by no more than 3% within three months [8] - Changcheng Military Industry reported significant stock price fluctuations and may apply for a trading suspension if prices continue to rise [9] Group 4 - Beiwai Technology confirmed that its controlling shareholder has not engaged in any stock trading activities during a period of significant price fluctuations [10] - Liangpinpuzi's controlling shareholder is involved in a lawsuit with a disputed amount of 1.023 billion yuan, which may create uncertainties regarding control transfer [11]