内容概况：当前，中国惯性测量单元（IMU）行业正处于高速发展期，市场规模持续扩大，技术迭代加 速，产业链自主化程度不断提升。2024年，中国惯性测量单元行业市场规模约为52.36亿元，同比增长 8.61%。这一增长不仅得益于航空航天、智能驾驶、高端工业装备等下游应用领域的强劲需求，也受益 于国内企业在MEMS工艺、高精度光纤陀螺等核心技术的持续突破和产品性能的稳步提升。在政策与市 场的双轮驱动下，中国惯性测量单元产业正逐步从"跟跑"向"并跑"甚至部分领域"领跑"转变，未来有望 在精度、可靠性及系统集成能力方面实现进一步跃升。 相关上市企业：芯动联科（688582）、星网宇达（002829）、华依科技（688071）、华测导航 （300627）、士兰微（600460） 相关企业：苏州敏芯微电子技术股份有限公司、河北美泰电子科技有限公司、中航电测仪器股份有限公 司、安徽芯动联科微系统股份有限公司、上海傲世控制科技股份有限公司、北京星网宇达科技股份有限 公司、无锡美新半导体有限公司、上海移远通信技术股份有限公司、中移物联网有限公司、广和通股份 有限公司、紫金矿业集团股份有限公司、中国铝业股份有限公司、福耀玻璃工业集 ...

格隆汇12月1日丨芯动联科(688582.SH)在投资者互动平台表示，云智光联主要业务为MEMS微振镜领域 及OCS光交换机业务。 ...

Core Viewpoint - The A-share market has shown a significant rebound this week, with major indices such as the CSI 300, ChiNext 300, STAR 50, CSI 500, and CSI 1000 recording weekly gains of 1.64%, 4.68%, 3.21%, 3.14%, and 3.77% respectively, with the ChiNext 300 showing the most notable recovery [1] Weekly Market Review - The performance of humanoid robot stocks has been mixed this week, with the top five gainers being Lixing Co., Changying Precision, Chaojie Co., Ruineng Technology, and GAC Group, while the top five losers include Huada Technology, Runhe Software, Jiangte Electric, Tonghui Electronics, and Lihexing [1] Recent Hotspots and Event Review - Invech's AI temperature control solution has helped data centers achieve over 22% energy savings, addressing high energy consumption issues in the manufacturing industry's digital transformation [2] - The energy consumption of data center air conditioning systems exceeds 30%, and Invech's solution optimizes cooling system control strategies without altering building structures, ensuring seamless installation and maintenance [2] Current Perspectives - Humanoid robots are considered an important downstream application of AI technology, with domestic industrial manufacturing levels leading globally. Companies like Hengshuai Co., Anpeilong, and Lens Technology are expected to benefit from the maturation of products from manufacturers like Tesla and Zhiyuan [3] - The application of diamond heat dissipation is gaining recognition among downstream customers, as the semiconductor industry progresses towards 2nm, 1nm, and even atomic-level developments. Companies such as Guoji Precision, World, and Sifangda are positioned for growth in this area [3] - The 2025 Intel Technology Innovation and Industry Ecosystem Conference has opened in Chongqing, where the first dual-plate liquid cooling server was launched, indicating a potential increase in demand for liquid cooling equipment driven by AI data center construction. Relevant companies include Invech, Bojie Co., and Fengmao Co. [3] - The development of Optical Circuit Switch (OCS) technology by Google is accelerating the progress of the industry chain, with companies like Chip Motion and Tengjing Technology being key players [3]

2025 年 11 月 30 日 中小盘研究团队 控制权交易浪潮迭起，关注明星企业和产业资本买家 ——中小盘周报 | 周佳（分析师） | 张越（分析师） | 赵晨旭（联系人） | | --- | --- | --- | | zhoujia@kysec.cn | zhangyue1@kysec.cn | zhaochenxu@kysec.cn | | 证书编号：S0790523070004 | 证书编号：S0790524090003 | 证书编号：S0790124120019 | 本周观点：控制权交易浪潮迭起，关注一级明星企业和大型产业资本买家 整体情况："并购六条"后控制权交易活跃度提升，近四成交易已完成。从整体 市场活跃度看，截至 2025 年 9 月 24 日，"并购六条"落地一年以来累计新披露 控制权交易已达 118 起，数量较"并购六条"前一年实现翻倍以上增长。从交易 进展看，截至 2025 年 9 月 24 日，"并购六条"一年来交易性控制权交易中已完 成的共 46 家次，占比近 4 成。 参与主体：卖方方面，30 亿以下市值公司占比超四成，科创板控制权交易日益 活跃。从市值、板块和企业属性看，标的 ...

Group 1: Financial Performance - 三环集团2025年归母净利润预计为2782百万，增速为27%[1] - 沪电股份2025年归母净利润预计为4042百万，增速为56%[1] - 明阳电气2025年归母净利润预计为789百万，增速为19%[1] Group 2: Revenue Growth - 三环集团2025年营业收入预计为9207百万，增速为25%[1] - 沪电股份2025年营业收入预计为18654百万，增速为40%[1] - 明阳电气2025年营业收入预计为7886百万，增速为22%[1] Group 3: Market Opportunities - AI服务器推动MLCC行业量价齐升，预计整机用量较传统架构提高300%[1] - SOFC技术迭代升级，度电成本已与燃气轮机接近平价，带来放量机会[1] - 牧原股份生猪屠宰量同比增长140%，Q3屠宰肉食业务实现单季度盈利[1]

芯动联科回复称，公司生产的高性能MEMS惯性传感器是商业航天领域里惯性导航的核心器件之一，公 司产品在商业航天领域已经有所应用并持续多年。公司生产的高性能MEMS惯性传感器作为惯性系统的 核心器件，其性能已达到导航级精度，主要技术指标与国际主流厂商处于同一梯队，在高性能硅基 MEMS惯性传感器领域填补了国内空白。 格隆汇11月28日｜有投资者在互动平台向芯动联科提问：请问公司在商业航天领域的业务竞争力体现在 哪些方面？ ...

Core Viewpoint - The company, ChipMotion Technology, has developed high-performance MEMS inertial sensors that are essential components for inertial navigation in the commercial aerospace sector, filling a domestic gap in this technology [1] Group 1: Product and Technology - The high-performance MEMS inertial sensors produced by the company are recognized as core components in inertial systems, achieving navigation-grade accuracy [1] - The technical specifications of the company's products are on par with international mainstream manufacturers, indicating competitive positioning in the market [1] Group 2: Market Application - The company's MEMS inertial sensors have been applied in the commercial aerospace field for several years, demonstrating their reliability and effectiveness in real-world applications [1]

Core Viewpoint - The company is actively monitoring opportunities in downstream application fields, including commercial aerospace, and is committed to expanding its product applications based on market and customer demands [2]. Group 1: Company Developments - The company has high-performance MEMS inertial sensor products that are characterized by high reliability and have applications in commercial aerospace, high-reliability fields, unmanned systems, and intelligent driving [2]. - Ongoing projects in the commercial aerospace sector are progressing, establishing a technological foundation for the company to participate in the commercial aerospace industry chain and support national action plans [2]. - The company plans to leverage its core advantages in high-performance MEMS inertial technology to continuously expand the breadth and depth of product applications [2].

Core Viewpoint - The company is expanding its research and development product range, focusing on various advanced technologies for automotive applications [1] Group 1 - The company is developing pressure sensors as part of its R&D projects [1] - The company is working on high-performance MEMS IMU suitable for L3+ autonomous driving [1] - The company is advancing automotive-grade functional safety 6-axis MEMS IMU [1] - The company is developing high-precision MEMS underwater integrated navigation systems [1] - The company aims to expedite the mass production of its R&D projects [1]

Core Viewpoint - The company is actively involved in the commercial aerospace sector, focusing on high-performance MEMS inertial sensors, including MEMS gyroscopes and MEMS accelerometers, which are essential for satellite navigation, attitude control, and orbit determination systems [1]. Group 1 - The company primarily conducts business in the commercial aerospace field with high-performance MEMS inertial sensors [1]. - Core products include MEMS gyroscopes and MEMS accelerometers [1]. - The company's products have been gradually applied in the commercial aerospace sector for several years [1].