"但原先我们担心的关税政策是否硬着陆、市场刺激和急建库存是否透支了未来的需求，以及大宗商品 需求是否在新关税引起的价格上涨后衰退，这些并没有发生，或者至少还没在当下发生。另外，由于公 司的整体产能供不应求，因此放缓的量并不会对公司的产能利用率产生明显影响。"赵海军说。 转自：证券时报 人民财讯8月8日电，8月8日，在2025年第二季度业绩说明会上，中芯国际联合CEO赵海军表示，四季度 是行业传统淡季，前三季度公司配合提拉出货，客户已经建立一定库存。虽然客户信心还是很强，但四 季度急单和提拉出货的情况会相对放缓，公司正在广泛收集客户的反馈，进行评估。 ...

8月8日，中芯国际AH股低开低走，截至发稿，中芯国际A股跌超3%，中芯国际H股跌超5%。 中芯国际AH股低开低走，截至发稿，中芯国际A股跌超3%，中芯国际H股跌超5%。 | | 2025 年 | 2025 年 | 季度比較 | 2024 年 | 年度比較 | | --- | --- | --- | --- | --- | --- | | | 第二季度 | 第一季度 | | 第二季度 | | | 收入 | 2.209.066 | 2.247.201 | -1.7% | 1.901.276 | 16.2% | | 鎖售成本 | (1.759.267) | (1.741.333) | 1.0% | (1.636.183) | 7.5% | | 毛利 | 449.799 | 505,868 | -11.1% | 265.093 | 69.7% | | 經營開支 | (299,122) | (196,297) | 52.4% | (177.953) | 68.1% | | 經營利潤 | 150.677 | 309.571 | -51.3% | 87.140 | 72.9% | | 其他收入·淨額 | 9.725 | 3 ...

Core Viewpoint - In the second quarter of 2025, demand for analog chips has significantly increased, particularly in the mobile fast charging and power management sectors, as domestic companies accelerate the replacement of overseas market shares [1] Group 1: Company Performance - The company has established deep collaborations with domestic clients to customize devices and process platforms, resulting in incremental orders during the replacement process [1] - The utilization rate of production capacity continues to rise due to the increase in orders [1] Group 2: Revenue Growth - Revenue from the image sensor platform has increased by over 20% quarter-on-quarter [1] - Revenue from the RF (radio frequency) segment has also shown a significant increase quarter-on-quarter [1]

本文源自：金融界 作者：金股通 截至8月8日开盘一小时，主力资金流出前20的股票分别为：中芯国际（-4.73亿元）、天娱数科（-4.70 亿元）、寒武纪-U（-4.65亿元）、长城军工（-4.28亿元）、东方精工（-4.13亿元）、东方财富（-3.72 亿元）、华胜天成（-3.22亿元）、汉得信息（-3.01亿元）、鼎捷数智（-2.97亿元）、硕贝德（-2.94亿 元）、三博脑科（-2.87亿元）、用友网络（-2.49亿元）、常山北明（-2.40亿元）、东方国信（-2.39亿 元）、万兴科技（-2.39亿元）、赛力斯（-2.34亿元）、利德曼（-2.33亿元）、海立股份（-2.32亿 元）、指南针（-2.22亿元）、拓维信息（-2.19亿元）。 ...

近期美联储降息预期显著回温，海外流动性有望持续好转。截至发文，CME FedWatch Tool显示9月议 息会议降息25BP的概率超90%。在此背景下，港股市场尤其是科技板块有望迎来显著利好。当前，恒 生科技指数仍处于历史相对低估区间，其对中美利差转向的敏感度更高，因此更能深度受益于海外流动 性的宽松环境。同时，恒生科技指数以高弹性、高成长为核心特性，一旦市场环境改善，其向上动能将 更为强劲。没有港股通账户的投资者或可通过恒生科技指数ETF（513180）一键布局中国AI核心资产。 （场外联接A/C：013402/013403）。 中信证券指出，当前国产算力瓶颈重点在于供给侧，中芯国际是自主可控的核心标的。晶圆制造行业的 马太效应明显，当前中芯国际的制程迭代领先国内同业2年以上，考虑到后续迭代的研发难度将持续加 大，从核心团队、经验积累、资本投入、客户资源支持等角度，公司均具备显著优势，预计公司将保持 国内领先地位。 8月8日早盘，港股三大指数集体低开，其中恒生指数低开0.45%，恒生科技指数低开0.83%。开盘后，A 股同赛道规模最大的恒生科技指数ETF（513180）跟随指数下行，持仓股跌多涨少，中芯国 ...

转自：新华财经 新华财经北京8月8日电（胡晨曦）8月7日晚间，国内两大半导体晶圆代工龙头中芯国际、华虹公司发布了第二季度业绩，两家公司第二季度销售收入同比 均实现两位数增长，盈利能力得到大幅提升。 比收入增长更引人瞩目的是，两家晶圆厂产能利用率也大幅提升，中芯国际接近满产，华虹公司利用率超过100%。 值得关注的是，净利润和毛利率都不高。中芯国际净利润1.3亿美元，同比下滑。华虹净利润仅有795万美元。 里昂发布研报称，2024年美国市场收入占中芯国际总收入13%，占华虹半导体总收入10%，两家公司美国业务占比相对小，美国关税影响有限。 第二季度营收均实现同比增长 中芯国际7日晚间发布的财报显示，二季度，整体实现销售收入22.09亿美元，环比下降1.7%，同比增长16.2%；毛利率为20.4%，环比下降2.1个百分点； 产能利用率92.5%，环比增长了2.9个百分点。 | | 2025 年 | 2025 年 | 季度比较 | 2024 年 | 年度比较 | | --- | --- | --- | --- | --- | --- | | | 第二季度 | 第一季度 | | 第二季度 | | | 收入 | 2.2 ...

2025.08. 08 微信编辑 | 七三 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 东风柳汽人士：首次还原"车头掉落"疑云与细节 1 e for 0 is ic : 1- aky i . - 30 : i . e s l 本文字数：266，阅读时长大约1分钟 作者 | 第一财经 宁佳彦 8日中芯国际电话会议上，管理层表示没有涨价，ASP（平均售价）上升是因为产能较满，12寸的晶圆没有折扣了。 "我们从来不是产业里第一家涨价的，但如果有可比同业涨价，我们会跟随"。管理层表示，会支持客户保持其市场份额，进行价格调整同时透露订单目 前比产能高。 ...

Market Overview - A-shares opened lower on Friday, with the Shanghai Composite Index down 0.13% at 3634.85 points, the Shenzhen Component down 0.19% at 11136.34 points, and the ChiNext Index down 0.2% at 2338.25 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 14.496 billion yuan [1] - Military stocks experienced a pullback, while brain-computer interface concept stocks opened higher, with notable gains in the medical device sector [1] Company News - Upstream New Materials reported a net profit of 29.9004 million yuan for the first half of the year, a decrease of 32.91% year-on-year [2] - SMIC announced second-quarter revenue of $2.21 billion, a year-on-year increase of 16%, and expects third-quarter revenue to grow by 5% to 7% [2] - Sais Electric reported July sales of 44,581 new energy vehicles, a year-on-year increase of 5.7% [2] - Tongfu Microelectronics disclosed that the National Fund reduced its holdings by 13.1424 million shares, bringing its stake down to 6.91% [3] - China Mobile reported a net profit of 84.2 billion yuan for the first half of the year, with an interim dividend of 2.75 HKD per share [4] - Huahong Semiconductor projected third-quarter sales revenue between $620 million and $640 million, with a gross margin of 10% to 12% [5] - Dao Technology announced a deep cooperation with Gongji Technology and Chip Pei Sen for atomic-level scientific computing power business [6] - Dongfang Bio stated that its chikungunya fever test reagents are primarily sold to Africa, South America, Southeast Asia, and South Asia [7] - *ST Jintai reported that two proposals were not approved by the board, with several directors opposing the company's response to regulatory inquiries [8] - Shuo Beid announced that it has delivered sample server liquid cooling plates and other cooling products to Taiwanese clients [9] - Jingxin Pharmaceutical signed a patent licensing agreement with Gedeon Richter Plc [10] - Buchang Pharmaceutical's subsidiary signed an exclusive supply agreement with GOODFELLOW [11] Industry Insights - The Ministry of Industry and Information Technology and six other departments released implementation opinions to promote the innovation and development of the brain-computer interface industry, aiming for breakthroughs in key technologies by 2027 [12] - A new intelligent demonstration line for rare earth disc motors has been established in Baotou, Inner Mongolia, marking a significant step in high-end rare earth permanent magnet motor research and industrialization [13] - The People's Bank of China reported that gold reserves reached 73.96 million ounces at the end of July, an increase of 60,000 ounces from the end of June, continuing a trend of gold accumulation [14] - The State Council held a press conference regarding the implementation of free preschool education, which is expected to benefit approximately 12 million children this fall, with an increase in national fiscal expenditure of about 20 billion yuan [15] - The commercial space sector is set for a satellite launch on August 9, with the "Jili Star 04 Group" consisting of 11 satellites aimed at providing centimeter-level positioning and satellite communication support [16] - Eli Lilly announced that its oral weight loss drug Orforglipron showed a nearly 12% weight reduction in trials, although it fell short of Wall Street's expectations [17] Institutional Perspectives - CITIC Securities highlighted that the solid-state battery industry is at a critical point of industrialization, driven by policy support and technological advancements, presenting investment opportunities in battery equipment [18] - China International Capital Corporation expressed optimism about investment opportunities in the outdoor sports and gold jewelry sectors, driven by lifestyle changes and innovative product offerings [19] - Guojin Securities recommended focusing on leading refining and chemical companies with integrated projects and diverse product offerings to enhance market competitiveness and profitability [20]

Core Insights - Both SMIC and Hua Hong Semiconductor reported significant year-on-year revenue growth in Q2, with SMIC nearing full capacity and Hua Hong exceeding 100% utilization [1][3]. Company Performance - SMIC's Q2 revenue reached $2.209 billion, a 16.2% increase year-on-year but a 1.7% decrease quarter-on-quarter; gross margin was 20.4%, down 2.1 percentage points from the previous quarter [3]. - SMIC's net profit attributable to shareholders was $132 million, a decline of 19.5% year-on-year and 29.5% quarter-on-quarter [3]. - Hua Hong's Q2 revenue was $566.1 million, an 18.3% year-on-year increase and a 4.6% quarter-on-quarter increase; gross margin was 10.9%, up 0.4 percentage points year-on-year [3][4]. - Hua Hong's net profit attributable to shareholders was approximately $7.95 million, up 19.2% year-on-year and 112.1% quarter-on-quarter [3]. Capacity and Utilization - SMIC's capacity utilization rate in Q2 was 92.5%, an increase of 0.9 percentage points from the previous quarter, with monthly capacity rising from 970,000 wafers to approximately 990,000 wafers [3]. - Hua Hong's capacity utilization rate reached 108.3%, up 5.6 percentage points quarter-on-quarter, with 1.305 million 8-inch wafers shipped, an 18% year-on-year increase [4]. Market Trends - The global semiconductor market size exceeded $340 billion in the first half of the year, reflecting an 18.9% year-on-year growth; Q2 alone accounted for approximately $180 billion, a 19.6% increase year-on-year [4]. - Logic semiconductors grew by 37%, memory semiconductors by 20%, and sensors by 16% in the first half of the year [4].

归母净利润方面，第二季度中芯国际实现1.32亿美元，同比下降19.5%，环比下降29.5%。产能利用率方 面，第二季度为92.5%，环比今年一季度提升0.9个百分点。展望第三季度，中芯国际在第二季度财报给 出的收入指引为环比增长5%到7%，毛利率指引为18%到20%。 智通财经获悉，中芯国际(00981)低开逾3%，截至发稿，跌3.77%，报51港元，成交额1.27亿港元。 消息面上，中芯国际发布截至2025年6月30日止三个月第二季度业绩，该集团取得收入22.09亿美元，同 比增加16.2%，环比减少1.7%。毛利率为20.4%，环比下降2.1个百分点。尽管由于今年一季度中芯国际 新建产线出现引起生产性波动的突发事件，且相关影响延续至Q2，导致收入及毛利率环比下降，但降 幅总体略优于此前管理层给出的指引。 本文源自：智通财经网 ...