| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-015 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 一、股票交易异常波动的具体情况 公司股票交易连续三个交易日内（2025 年 4 月 11 日、4 月 14 日和 4 月 15 日）收盘价格涨幅偏离值累计达到 30%，根据《上海证券交易所交易规则》等有 关规定，属于股票交易异常波动。 二、公司关注并核实的相关情况 1、经公司自查，公司近期日常经营情况正常，未发生重大变化。公司市场 环境或行业政策未发生重大调整，生产成本和销售等情况未出现大幅波动，内部 生产经营秩序正常。公司于 2025 年 2 月 28 日在上海证券交易所网站 （www.sse.com.cn）披露了 2024 年年度业绩快报。公司拟于 2025 年 4 月 29 日 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 思瑞浦微电子科技（苏州）股份有限公司（以下简称"思瑞浦"或"公 司"）股 ...

股票异常波动的问询函的回复 致思瑞浦微电子科技(苏州)股份有限公司: 本企业已收到你公司发来的《关于思瑞浦微电子科技(苏州)股 份有限公司股票异常波动的间询函》。本企业作为思瑞浦微电子科技 (苏州）股份有限公司的第一大股东,经核查,现回复如下: 截至目前,本企业不存在涉及你公司的应披露而未披露的重大信 息,包括但不限于正在筹划的并购重组、股份发行、债务重组、业务 重组、资产剥离和资产注入等重大事项。 在本次股票交易异常波动期间,本企业不存在买卖公司股票的情 况。 特此回复。 (本页以下无正文) 关于思瑞浦微电子科技(苏州)股份有限公司 (本页无正文,为《关于思瑞浦微电子科技(苏州)股份有限公司股 票异常波动的问询函的回复》的盖章页) 第一大股东:上海华芯创业投资合伙企业 2025 年 4 月 15 日 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the semiconductor sector, including 圣邦股份 (Sengbang), 纳芯微 (Naxinwei), and others [8][16]. Core Insights - The newly released semiconductor origin recognition rules indicate that the location of wafer fabrication will be considered the origin, potentially increasing costs for chips fabricated in the U.S. due to tariffs [4][14]. - The CITE 2025 exhibition showcased over 1,000 exhibitors and highlighted advancements in smart terminals, AI, and other cutting-edge technologies [5][15]. - The electronic industry experienced a decline of 3.31% from April 7 to April 11, ranking 14th among all sectors, with a current P/E ratio of 52.63 [21][24]. Summary by Sections Market Performance - The electronic sector's performance was down by 3.31% during the week of April 7-11, with semiconductor equipment and analog chip design showing slight increases [21][25]. - The report notes that the semiconductor materials and discrete devices sectors ranked fourth and fifth in terms of valuation [25]. Key Companies and Earnings Forecast - The report highlights several companies with their respective earnings per share (EPS) and price-to-earnings (P/E) ratios, recommending a "Buy" for companies like 圣邦股份 (Sengbang) and 纳芯微 (Naxinwei) [8][16]. - The earnings forecasts for 2023, 2024E, and 2025E are provided for each company, indicating growth potential [16][33]. Industry Dynamics - The report discusses the impact of U.S. tariffs on semiconductor products, particularly affecting analog chips fabricated in the U.S. [4][14]. - The CITE 2025 event emphasized the importance of innovation in the electronics sector, showcasing new products and technologies [5][15]. Overseas Leaders Overview - The report notes that overseas semiconductor leaders showed varied performance, with 博通 (Broadcom) leading with a 17.78% increase [17][18]. - The Philadelphia Semiconductor Index reflects a mixed trend, indicating fluctuations in the semiconductor market [19][20].

Group 1 - The report highlights the significant impact of the April 2025 increase in US import tariffs, marking a new phase in global trade barriers and accelerating the regional restructuring of the electronics supply chain, creating opportunities for domestic semiconductor companies [2][15] - The report emphasizes that the tariff adjustments will likely lead to a short-term supply adjustment for US chip manufacturers due to increased costs, while long-term, the cost advantages of US IDM companies in the Chinese market will diminish, benefiting local semiconductor firms [2][15] - The report identifies key areas for domestic substitution, particularly in analog chips and RF modules, where local manufacturers are expected to gain market share due to reduced price pressures from foreign competitors [3][17] Group 2 - The semiconductor industry is entering an upward cycle, supported by a recovery in consumer electronics and AI computing demand, alongside the catalyzing effect of tariff policies [4][23] - The report forecasts strong earnings for leading companies in various segments, with notable projections such as North China Innovation's expected net profit of 1.42-1.74 billion yuan for Q1 2025, representing a year-on-year increase of 24.69%-52.79% [4][20] - The report suggests focusing on companies that will benefit from tariff impacts, including those in analog chips, RF chips, and storage sectors, as well as those involved in domestic manufacturing and critical technology breakthroughs [5][23] Group 3 - The report indicates that the domestic self-sufficiency rate for analog chips is expected to rise significantly due to tariff impacts, with projections showing an increase from approximately 15% in 2023 to over 16% in 2024 [19][22] - The semiconductor sales in China are projected to exceed 170 billion USD in 2024, with a stable growth outlook for the industry despite challenges in the mid-to-low-end market segments [44][45] - The report notes that the global semiconductor market is expected to recover strongly in 2024, with a projected growth rate of 19%, driven by core markets like China and the US [44][45]

Investment Rating - The report maintains a positive outlook on the domestic consumption electronics industry chain, suggesting a focus on companies related to this sector due to the resilience expected under the "reciprocal tariffs" policy [3]. Core Viewpoints - The report highlights that electronic products are a major category in China's exports to the US, with a total export scale of USD 125.8 billion in 2024, accounting for 24% of total exports to the US [3]. - It emphasizes the acceleration of domestic substitution due to increased tariffs, with a recommendation to focus on domestic companies in sectors significantly impacted by import tariffs, such as analog chips, CPUs, and semiconductor equipment [3]. - The report notes that the import tariff rate on all goods from the US has risen to 125%, enhancing the cost advantage of domestic products [3]. Summary by Sections Market Weekly Review - The TMT sector experienced declines across major industries, with electronics down 3.89%, computers down 5.79%, media down 6.78%, and communications down 7.67%, underperforming the CSI 300 index which fell 2.87% [3]. - The top-performing sub-industries included analog chip design (up 6.04%) and semiconductor equipment (up 2.23%), while the worst performers were communication network equipment and devices (down 11.74%) and printed circuit boards (down 10.16%) [3]. Industry News and Key Company Announcements - Significant events in the industry include the Siemens Data Center Ecosystem Conference and the 13th China Electronic Information Expo [16]. - The report mentions that global AI IT investment is projected to reach USD 315.8 billion in 2024, with a compound annual growth rate (CAGR) of 32.9% expected until 2028 [26]. - It also notes that the global generative AI market is anticipated to grow at a CAGR of 63.8%, reaching USD 284.2 billion by 2028, representing 35% of the total AI market investment [26].

4月11日思瑞浦(688536)收盘价146.06元，收盘涨停，全天换手率4.54%，振幅15.92%，成交额8.56亿 元。科创板交易公开信息显示，当日该股因日收盘价涨幅达15%等上榜。 证券时报数据宝统计显示，上榜的前五大买卖营业部合计成交4.35亿元，其中，买入成交额为2.67亿 元，卖出成交额为1.69亿元，合计净买入9757.43万元。具体来看，卖出营业部中，有2家机构专用席位 现身，即卖二、卖四，卖出金额分别为3166.20万元、2101.31万元，沪股通为第一大卖出营业部，卖出 金额为7018.78万元，营业部合计卖出4609.93万元。买卖金额相抵，机构专用席位今日净买入该股1.19 亿元，沪股通今日净买入该股2486.86万元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 龙虎大师、科创零距离 龙虎榜、科创板、复盘、公开信息、营业部、游资、盘后解密、异动 资金流向方面，该股今日全天主力资金净流入8706.35万元。(数据宝) 思瑞浦4月11日龙虎榜 | | 买入营业部名称 | 买入金额(万元) | | --- | --- | --- | | 沪股通专用 | | 9505.6 ...

4月11日，上证指数上涨0.45%，深证成指上涨0.82%，创业板指上涨1.36%。盘后龙虎榜数据显示，共 有58只个股因当日异动登上龙虎榜，资金净流入最多的是连云港（601008.SH），达1.04亿元。 据21投资通智能监测，27只个股龙虎榜出现了机构的身影，北向资金参与龙虎榜中的个股共涉及13只。 1.04亿资金抢筹连云港，3.35亿资金出逃昭衍新药 58只上榜的龙虎榜个股中，30只个股被净买入，28只个股被净卖出。其中，资金净买入最多的是连云 港，达1.04亿元，占总成交金额的5.75%。连云港当日收盘上涨9.94%，换手率为21.56%。 | 名称 | 涨跌幅 | 戊虎榜净买 | 净买额占 | 换手率 | 解读 | | --- | --- | --- | --- | --- | --- | | | | 额(万元) | 总成交比 | | | | 连云港 | 9.94% | 10353 | 5.75% | 21.56% | 买一主买,成功率3 3.97% | | 红宝丽 | 5.79% | 10000 | 3.99% | 44.72% | 1家机构买入,成功 率49.11% | | 思瑞浦 | 20% ...

思瑞浦推出全新一代汽车级CAN收发器TPT1445Q系列产品，全国产供应链，12V/24V平台设计，支持 特定帧唤醒功能。TPT1445Q系列产品可广泛应用于整车CAN网络，包括车身电子设备、动力系统、车 载信息娱乐/仪表板、ADAS/安全等汽车终端产品中。随着TPT1445Q的量产，思瑞浦全系CAN&LIN收 发器产品均已实现全国产供应链量产。(人民财讯) ...

Group 1 - The Shanghai Stock Exchange Science and Technology Innovation Board Composite Index (000680) has shown a strong increase of 2.66% as of April 11, 2025, with notable individual stocks such as Jinghua Micro (688130), Meixin Sheng (688458), and Naxin Micro (688052) each rising by 20% [1] - The Huaxia Science and Technology Innovation Index ETF (589000) has experienced a 2.22% increase, marking its fourth consecutive rise, with the latest price reported at 0.92 yuan and a transaction volume of 21.67 million yuan [1] - Over the past month, the Huaxia Science and Technology Innovation Index ETF has seen a significant growth in scale, increasing by 7.13 million yuan, with the latest share count reaching 884 million, a new high for the month [2] Group 2 - The net inflow of funds into the Huaxia Science and Technology Innovation Index ETF has reached 28.90 million yuan, with a total of 43.39 million yuan accumulated over the last five trading days [2] - The Ministry of Industry and Information Technology has emphasized the need to accelerate the development of specialized and innovative small and medium-sized enterprises, focusing on innovation, digital empowerment, talent development, ecological support, and service enhancement [2] - Guosen Securities highlights that under the current trade tensions, technological self-reliance and autonomy are crucial for breaking through challenges, with China's established industrial ecosystem and advancing engineering talent providing a significant comparative advantage in the electronics industry [2] Group 3 - The Huaxia Science and Technology Innovation Index ETF closely tracks the performance of the Shanghai Stock Exchange Science and Technology Innovation Board Composite Index, which includes stocks from eligible companies listed on the Science and Technology Innovation Board [3] - As of March 31, 2025, the top ten weighted stocks in the index include Haiguang Information (688041), Cambricon (688256), and SMIC (688981), collectively accounting for 22.34% of the index [3] - The Huaxia Science and Technology Innovation Index ETF has associated fund products, including the Huaxia Shanghai Science and Technology Innovation Board Composite ETF Connect A (023719) and C (023720) [3]

Core Viewpoint - The semiconductor sector experienced a significant rally in the afternoon, with nearly 20 stocks hitting the daily limit up, indicating strong investor interest and positive market sentiment towards the industry [1] Group 1: Stock Performance - Companies such as Weijie Chuangxin, Jinghua Micro, SIRUI, Meixin Sheng, Naxin Micro, Fuman Micro, Jiewate, Huahong Company, Shanghai Beiling, Tongfu Microelectronics, and Yingfang Micro all reached the daily limit up [1] - Other stocks like Jingfeng Mingyuan, Guomin Technology, Aiwei Electronics, and Anlu Technology saw increases of over 10% [1]