格隆汇12月2日｜东吴证券研报指出，佰维存储受益端侧AI趋势，已成功上机多家AI可穿戴终端。AI终 端催生高性能、小体积、低延迟的嵌入式存储需求。与此同时，佰维存储聚焦AI可穿戴设备这一高增 长赛道，推出了ePOP系列产品，将DRAM与NAND堆叠封装于SoC之上，实现更小体积与更高带宽，完 美契合AR眼镜、智能手表等空间极度受限的应用场景。目前，佰维存储的ePOP产品已被Meta、 Google、小米、小天才、Rokid、雷鸟创新等国内外知名企业采用，广泛应用于AI/AR眼镜和智能穿戴 设备。公司作为国内领先的存储厂商，有望持续受益存储周期上行及端侧AI存储放量趋势。但由于当 前存储芯片正处周期下行转上行区间，调整公司25-26年营业收入，新增27年营业收入，调整25-26归母 净利润，新增27年归母净利润，考虑后续端侧AI存储有望持续放量，维持"买入"评级。 ...

Core Insights - The main focus of the article is on the significant inflow of capital into specific stocks as of December 2, with notable amounts recorded for various companies [1] Group 1: Capital Inflows - The top stock receiving capital inflow is Industrial Fulian, with an inflow of 844 million yuan [1] - Luxshare Precision follows with an inflow of 619 million yuan [1] - Pingtan Development and Shenghong Technology also show strong inflows of 546 million yuan and 544 million yuan respectively [1] Group 2: Other Notable Stocks - Other companies with significant capital inflows include: - Tianfu Communication with 358 million yuan [1] - BYD with 319 million yuan [1] - Aerospace Power with 297 million yuan [1] - Additional companies in the top inflow list include: - GoerTek with 287 million yuan [1] - Rongji Software with 276 million yuan [1] - Aerospace Development with 228 million yuan [1]

12月2日，佰维存储涨5.37%，截至发稿，报118.23元/股，成交19.53亿元，换手率4.77%，总市值551.79 亿元。 资料显示，深圳佰维存储科技股份有限公司位于广东省深圳市南山区桃源街道平山社区留仙大道1213号 众冠红花岭工业南区2区4、8栋1层-3层及4栋4层,香港九龙湾宏照道11号宝隆中心B座2楼208室及209 室，成立日期2010年9月6日，上市日期2022年12月30日，公司主营业务涉及半导体存储器的研发、生产 和销售,主要产品及服务包括智能终端存储芯片、消费级存储模组、工业级存储模组及先进封测服务。 主营业务收入构成为：存储产品48.77%，存储产品:嵌入式存储29.93%，存储产品:PC存储18.12%，其 他1.37%，先进封测服务1.09%，存储产品:工车规存储0.71%。 银河收益混合（151002）基金经理为郑可成、魏璇。 截至发稿，郑可成累计任职时间17年244天，现任基金资产总规模7.14亿元，任职期间最佳基金回报 124.06%， 任职期间最差基金回报-8.1%。 魏璇累计任职时间3年289天，现任基金资产总规模17.64亿元，任职期间最佳基金回报16.5%， 任职 ...

Group 1 - The A-share market is seeing active trading in AI mobile phone concept stocks, with notable performances from companies like 福蓉科技 (Furong Technology) and 美芯晟 (Meixinsheng) [1] - 字节跳动 (ByteDance) has released a technical preview of its 豆包手机助手 (Doubao Phone Assistant), leading to the launch of the Nubia M153, which features 16GB RAM and 512GB storage, priced at 3499 yuan [1] - The Nubia M153 has already sold out, indicating strong market demand for AI-integrated mobile devices [1] Group 2 - 福蓉科技 (Furong Technology) and 美芯晟 (Meixinsheng) have shown significant stock price increases, with 福蓉科技 up by 10.01% and 美芯晟 up by 7.18% [2] - The total market capitalization for 福蓉科技 is 121 billion yuan, while 美芯晟's market cap stands at 47.29 billion yuan [2] - Year-to-date performance shows 福蓉科技 with a 32.11% increase and 美芯晟 with a 29.47% increase [2]

A股三大股指小幅低开，截至9：40，沪指跌0.33%，深成指跌0.48%，创业板指跌0.49%。 盘面上，AI手机概念股延续活跃，道明光学4连板，福蓉科技2连板，中兴通讯、传音控股、天音控股 跟涨；零售板块局部异动，茂业商业6天5板，合百集团触及涨停，文峰股份、百大集团、红旗连锁等跟 涨；福建本地股局部走高，平潭发展、榕基软件双双涨停，海峡创新涨超10%，漳州发展、福龙马、厦 工股份跟涨。 跌幅方面，渔业、冶钢原料、能源金属等板块跌幅居前。 展望后市，华安证券表示，12月维持高位震荡，市场继续在高位震荡中等待新契机。行业快速轮动或仍 是主基调，建议关注AI产业链和景气改善领域。 热门板块 1、AI手机概念延续强势 AI手机概念股延续活跃，道明光学4连板，福蓉科技2连板，中兴通讯、传音控股、天音控股跟涨 点评：消息面上，豆包发布手机助手技术预览版，可在工程样机nubia M153上体验。豆包方面表示，这 是一款需要和手机厂商一起完成的产品。豆包目前正与多家手机厂商洽谈助手合作，并没有自己开发手 机的计划，后续将公布更多进展。 12月来看，市场仍处于风格频繁切换阶段，或以结构性行情为主。一方面，作为年末最关键的政 ...

Group 1 - The stock price of Furong Technology (603327) is currently at 12.09, showing an increase of 0.78% with a total trading volume of 77,550 shares and a transaction amount of 93.76 million [2] - The convertible bond of Furong Technology has risen by 10.46%, with a conversion premium rate of 16.68% [2] - The total buy amount on the trading leaderboard for Furong Technology is 167.7 million, while the total sell amount is 89.73 million [2] Group 2 - The stock price of Daoming Optics is at 15.05, reflecting a 10.01% increase [4] - The stock price of Meixin Sheng is at 43.43, with a 9.78% increase [4] - ZTE Corporation announced the limited release of the Nubia M153 smartphone, featuring the Snapdragon 8 Gen 2 processor and priced at 3,499 yuan [4]

Group 1 - The company is benefiting from the trend of AI wearable devices, successfully launching multiple AI wearable terminals that require high-performance, compact, and low-latency embedded storage solutions [1] - The ePOP series products integrate DRAM and NAND in a stacked package on SoC, catering to space-constrained applications like AR glasses and smartwatches, and are adopted by major companies such as Meta, Google, and Xiaomi [1] Group 2 - The company is implementing a "Research and Development, Packaging, and Testing Integration 2.0" strategy to meet the growing demands in the industrial and AI sectors, particularly in video surveillance systems that require high performance and reliability [2] - The newly launched TDS600 series industrial SSD products feature 8TB capacity and high reliability, targeting critical fields such as transportation, automotive, and edge computing [2] - Predictions indicate that global AI infrastructure spending will reach $3 trillion by 2030, with the storage market accounting for approximately $600 billion, highlighting the increasing demand for storage solutions [2] Group 3 - The company is expected to benefit from the upward cycle of the storage market and the increasing demand for edge AI storage, with adjusted revenue forecasts for 2025-2027 being 8.64 billion, 12.2 billion, and 14.82 billion respectively [3] - The adjusted net profit forecasts for the same period are 440 million, 1.02 billion, and 1.35 billion respectively, reflecting a positive outlook despite the current market cycle [3] - The company maintains a "buy" rating based on the anticipated growth in edge AI storage [3]

Core Insights - On December 2, a total of 94 companies announced 94 stock repurchase updates, indicating a significant activity in the market [1] - Among these, 5 companies disclosed stock repurchase plans for the first time, while 1 company's repurchase plan was approved by the shareholders' meeting [1] - 81 companies reported progress on their stock repurchase implementations, and 7 companies completed their repurchase plans [1] Group 1 - Five companies announced stock repurchase plans exceeding 10 million yuan, highlighting a trend towards increasing shareholder returns [1] - Yongtai Energy, Baiwei Storage, and Weiling Co. had the highest repurchase plan amounts, with proposed repurchases of up to 500 million yuan, 150 million yuan, and 111 million yuan respectively [1]

（原标题：佰维存储拟择机出售联芸科技股票? ?回购价上限调至182.07元/股） A股存储器头部企业佰维存储(688525)12月1日晚间公告，为进一步提高资产的流动性和使用效率，上市 公司将择机出售公司持有的联芸科技(688449)相关股票资产，另外，公司拟扩大股票回购规模和价格上 限，提升回购力度。 公告显示，联芸科技于2024年11月29日在科创板上市，佰维存储系联芸科技战略配售股东，战略配售价 格为11.25元/股。截至2025年9月30日，公司持有联芸科技374.47万股，持股比例为0.81%。 自2025年12月1日起，公司所持联芸科技首发限售股份解除限售并上市流通，公司可以对持有的联芸科 技股票进行减持。为进一步提高资产的流动性和使用效率，上市公司拟根据股票市场行情以集中竞价交 易的方式择机出售所持联芸科技部分或全部A股股票，占其总股本的比例不超过1%。 佰维存储披露，目前该交易性金融资产账面成本4212.77万元。 截至12月1日收盘，联芸科技股价报收46.55元/股，相比当初战略配售价上涨超3倍。 同日，佰维存储调整回购计划，回购股份资金总额由不低于2000万元（含），不超过4000万元（含 ...

A股存储器头部企业佰维存储(688525)12月1日晚间公告，为进一步提高资产的流动性和使用效率，上市 公司将择机出售公司持有的联芸科技(688449)相关股票资产，另外，公司拟扩大股票回购规模和价格上 限，提升回购力度。 同日，佰维存储调整回购计划，回购股份资金总额由不低于2000万元(含)，不超过4000万元(含)调整为 不低于8000万元(含)，不超过1.5亿元(含)，回购股份数量及占公司总股本的比例相应调整；回购股份价 格上限由不超过97.9元/股(含)，调整为不超过182.07元/股(含)。 公告显示，联芸科技于2024年11月29日在科创板上市，佰维存储系联芸科技战略配售股东，战略配售价 格为11.25元/股。截至2025年9月30日，公司持有联芸科技374.47万股，持股比例为0.81%。 自2025年12月1日起，公司所持联芸科技首发限售股份解除限售并上市流通，公司可以对持有的联芸科 技股票进行减持。为进一步提高资产的流动性和使用效率，上市公司拟根据股票市场行情以集中竞价交 易的方式择机出售所持联芸科技部分或全部A股股票，占其总股本的比例不超过1%。 佰维存储披露，目前该交易性金融资产账面成本 ...