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]

Group 1 - A-shares opened lower on April 11, with the chip sector seeing multiple stocks rise against the market trend, including a significant increase in the Kexin Chip ETF (588200) which rose over 3% with a trading volume exceeding 1.9 billion yuan and a turnover rate over 8% [1] - The Kexin Chip ETF (588200) tracks the Kexin Chip Index, which selects securities involved in semiconductor materials, equipment, chip design, manufacturing, packaging, and testing from companies listed on the Sci-Tech Innovation Board [1] - The Kexin Chip ETF (588200) received a net inflow of over 300 million yuan yesterday, ranking first among similar ETF products [1] Group 2 - China Mobile has launched the country's first "four-in-one" computing power network scheduling platform, integrating general, intelligent, super, and quantum computing capabilities, which can support over 100 million computing power calls daily and manage one-sixth of the national computing power scale [2] - The platform's self-owned intelligent computing center has a domestic chip localization rate exceeding 90% and is compatible with eight types of domestic AI chips, which is significant for supply chain security and promoting high-quality development of the national digital economy [2] - Guosen Securities suggests that the recent U.S. announcement of "reciprocal tariffs" may accelerate the domestic semiconductor localization process, particularly in the analog chip sector, which has seen increased R&D investment from domestic companies [2] Group 3 - Open Source Securities indicates that the Ministry of Commerce will initiate investigations based on domestic industry demands, potentially disrupting U.S. companies' "low-price for market share" strategy and accelerating the shift of domestic demand towards local products [3] - The domestic analog chip market is currently dominated by international firms, but the localization process is expected to speed up as China begins anti-dumping investigations on mature process chips [3] - The overall profitability of analog chip companies has been low in the past two years, but improvements are anticipated in 2025 with new product releases and margin recovery starting in 2024 [2][3]

校对：王朝全 东海证券指出，在供给端，尽管短期供给仍相对充裕，企业库存水位较高，但整体价格已呈现上行态 势，预计4月供需格局将继续向好。从细分赛道看，近期在MWC、GTC等大会催化下，云端AI芯片、 端侧AI应用百花齐放，AI概念依然是长期投资力度较大、创新较多的领域，建议保持关注；在国际贸 易政策收紧的背景下，国内半导体设备、关键零部件、高端芯片将充分受益于国产替代逻辑催化。整体 来看，逢低关注细分赛道龙头标的。 国信证券表示，国际贸易摩擦加剧有望加速半导体国产替代进程，建议重点关注模拟芯片板块，一方 面，模拟芯片国产化率较低，且全球前两大模拟芯片企业均为美国厂商，另一方面，我国模拟芯片企业 近几年加大研发投入，储备了众多新料号，且模拟芯片采用成熟制程，国内产能充足，具有国产替代的 能力和空间。同时，4月进入2024年年报和2025年一季报密集披露期，业绩变化趋势受到关注，模拟芯 片企业前两年整体盈利水平偏低，2025年随着新产品放量、下游去库完成，以及2024年开始的毛利率修 复和控费，业绩改善趋势明显。 半导体板块11日盘中再度走强，截至发稿，富满微20%涨停，思瑞浦涨超19%，纳芯微涨超15%，盛景 ...

Group 1 - A-share chip stocks experienced a significant rise, with Fuman Micro reaching a 20% limit up [1] - Sirepu saw a notable increase of 15% [1] - Other companies such as Naxin Micro, Shengbang Co., and Guomin Technology also experienced substantial gains [1]

Group 1 - The report maintains an "outperform" rating for the semiconductor sector, highlighting the acceleration of domestic substitution in the analog chip segment due to increased tariffs between China and the US [2][7]. - The SW semiconductor index fell by 5.70% in March 2025, underperforming the electronic industry by 1.33 percentage points and the CSI 300 index by 5.63 percentage points [4][15]. - As of March 31, 2025, the SW semiconductor index's price-to-earnings ratio (TTM) was 92.69x, placing it in the 72.16 percentile since 2019, indicating a relatively high valuation level [4][26]. Group 2 - In Q4 2024, the proportion of semiconductor heavy holdings in funds increased to 11.4%, which is 6.8 percentage points above the semiconductor market capitalization [5][33]. - The global semiconductor sales in February 2025 reached $54.92 billion, marking a year-on-year growth of 17.1%, although the growth rate has been narrowing for five consecutive months [6][44]. - The report emphasizes the potential for improved performance in the analog chip sector, with companies like 圣邦股份 (Sengbang), 思瑞浦 (Siyipu), and 纳芯微 (Naxinwei) recommended for investment due to expected earnings recovery in 2025 [7][9]. Group 3 - The report notes that the global semiconductor sales for Q4 2024 were $170.9 billion, reflecting a year-on-year increase of 17.1% and a quarter-on-quarter increase of 3.0% [57]. - The report highlights that the NAND Flash contract price increased from $2.18 to $2.29 in February 2025, while DRAM contract prices remained stable [51][51]. - The semiconductor equipment sales in Q3 2024 reached $30.4 billion, showing a year-on-year growth of 18.7% [57].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688536 证券简称：思瑞浦 公告编号：2025-014 转债代码：118500 转债简称：思瑞定转 思瑞浦微电子科技（苏州）股份有限公司 部分董事、高级管理人员减持股份结果暨权益变动 提示性公告 本公司董事会、全体董事及相关股东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： ● 本次减持计划实施前股东持股基本情况 本次减持计划实施前，思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）公司董事、副总经 理FENG YING先生持有公司股份9,360,361股，占公司当前总股本的7.06%。以上股份为公司首次公开发 行前以及上市以来资本公积转增股本所取得的股份，于2023年9月21日起解除限售上市流通。 ● 本次减持计划的实施结果情况 2024年12月31日，公司披露了《部分董事、高级管理人员减持股份计划公告》（公告编号：2024- 100）。因自身资金需求，董事、副总经理FENG YING先生计划根据市场情况通过集中竞价或大宗交易 的方式减持其所持有的公司股份不 ...

| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-014 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 思瑞浦微电子科技（苏州）股份有限公司 部分董事、高级管理人员减持股份结果暨权益变动 提示性公告 本公司董事会、全体董事及相关股东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： 本次减持计划实施前股东持股基本情况 本次减持计划实施前，思瑞浦微电子科技（苏州）股份有限公司（以下简称 "公司"）公司董事、副总经理 FENG YING 先生持有公司股份 9,360,361 股，占 公司当前总股本的 7.06%。以上股份为公司首次公开发行前以及上市以来资本公 积转增股本所取得的股份，于 2023 年 9 月 21 日起解除限售上市流通。 本次减持计划的实施结果情况 2024 年 12 月 31 日，公司披露了《部分董事、高级管理人员减持股份计划 公告》（公告编号：2024-100）。因自身资金需求，董事、副总经理 FENG YING 先生计划根据市场情况 ...