| 代码 | 简称 | 最新融资余额 | 融资余额环比增 | 最新融券余额 | 融券余额环比增 | 当日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | | (万元） | 减（%） | (万元） | 减（%） | （%） | | 688081 | 兴图 | 7699.90 | 27.09 | 0.00 | | 5.18 | | | 新科 | | | | | | | 688551 | 科威 尔 | 8016.39 | 24.75 | 32.62 | 12.29 | 12.29 | | 688626 | 翔宇 医疗 | 17876.40 | 21.52 | 0.00 | | 11.74 | | 688583 | 思看 | 11261.00 | 21.44 | 0.00 | | 2.39 | | | 科技 | | | | | | | 688610 | 埃科 光电 | 6323.81 | 20.93 | 0.00 | | 3.87 | | | 友车 | | | | | | | 688479 | 科技 | 4456.45 | 17.12 | 0.00 | | - ...

公众号记得加星标⭐️，第一时间看推送不会错过。 昨夜晚间，本土晶圆代工双雄中芯国际和华虹都交出了漂亮的上半年成绩单。 首先看中芯国际，数据显示，2025年Q2，中芯国际营收22.09亿美元，同比增长16.2%；毛利为4.5 亿美元，同比增长69.7%；毛利率为20.4%，但较去年同期大幅提升6.5个百分点。公司上半年销售收 入为44.56亿美元，较去年同期增长22.0%；毛利率21.4%，较去年同期提升7.6个百分点；上半年资 本开支合计33.01亿美元。 再看华虹半导体方面，今年二季度，公司营收5.661亿美元，同比增长18.3%，环比增长4.6%；毛利 率10.9%，同比提升0.4个百分点，经营性现金流7,952万美元，同比增长19.2%，去年同期为3,750万 美元。 在公布亮眼业绩的同时，最让人关注的就是他们在产能利用率的大幅提升。 公司的营收构成 根据不同工艺、平台和应用看，两大厂商也有各自的特性。 首先看一下中芯国际方面，据介绍，二季度销售收入以地区分类看，中国、美国、欧亚占比分别为 84%、13%和3%，环比差别不大。 晶圆收入以应用分类看，智能手机、电脑与平板、消费电子、互联与可穿戴、工业与汽 ...

Group 1 - The management of SMIC stated that there will be no price increases, and the rise in Average Selling Price (ASP) is due to full capacity, with no discounts on 12-inch wafers [1] - The company mentioned that it has never been the first in the industry to raise prices, but will follow if comparable peers do increase their prices [1] - Management indicated that they will support customers in maintaining their market share while adjusting prices, revealing that current orders exceed production capacity [1]

中芯国际昨晚公布业绩显示，2025年Q2营收22.09亿美元，同比增长16.2%，环比下降1.7%；毛利为4.5亿美元，环比下降11.1%，同比增长69.7%；毛利率 为20.4%，环比下降2.1个百分点，但较去年同期大幅提升6.5个百分点；公司拥有人应占利润1.325亿美元，环比下降29.5%，同比下降19.5%。 中芯国际预计第三季度收入环比增长5%-7%；毛利率介于18%-20%范围内，中位数19%低于Q2的20.4%，暗示管理层对盈利能力持谨慎态度。 中芯国际联席CEO赵海军最新表示，部分客户因关税问题转向其他供应商。 中芯国际AH股齐跌，其中，A股跌超4%报86.74元，H股跌超6%报49.8港元。 ...

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。 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APP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。 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%。 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。 ...

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $2,209 million, down 1.7% sequentially [5] - Gross margin decreased to 20.4%, down 2.1 percentage points sequentially [6] - EBITDA was $1,129 million with an EBITDA margin of 51.1% [6] - Profit attributable to the company was RMB 132 million [6] - Total assets at the end of Q2 were $49.4 billion, with total cash on hand of $13.1 billion [6] - Total liabilities were $16.7 billion, with total debt of $11.9 billion [6] - For the first half of 2025, revenue was $4,456 million, up 22% year over year [15] - Gross margin for the first half was 21.4%, up 7.6 percentage points year over year [15] Business Line Data and Key Metrics Changes - Blended ASP decreased by 6.4% sequentially, while wafer shipments increased by 4.3% to 2,390 standard logic eight-inch equivalent wafers [10] - Revenue from automotive electronics shipments grew by 20% quarter over quarter, primarily from various types of automotive grade chips [12] - Revenue from eight-inch wafers achieved a 7% quarter over quarter growth [13] - Revenue from CIS increased over 20% sequentially, while RF revenue also showed sound growth [14] Market Data and Key Metrics Changes - Revenue distribution by region: China 84%, America 13%, and Eurasia 3%, with no significant changes quarter over quarter [11] - By application, wafer revenue from smartphones, computers and tablets, consumer electronics, connectivity and IoT, industrial, and automotive accounted for 25%, 15%, 41%, 8%, and 11% respectively [11] Company Strategy and Development Direction - The company aims to exceed industry average performance in the same market for the year [17] - Focus on deep collaborations with domestic customers to gain market share in analog chips [13] - The company is preparing for increased output to mitigate the impact of rising depreciation costs [16] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about potential impacts from tariff policies and market stimulus on future demand [17] - Despite concerns, the company believes that the slowdown will not significantly impact capacity utilization due to strong demand [17] - Visibility for Q4 remains limited due to potential slowdowns in rush orders and shipment pull-ins [16] Other Important Information - Total capital expenditure for the first half of the year was $3,301 million [15] - Guidance for Q3 2025 indicates expected revenue growth of 5% to 7% sequentially, with gross margin anticipated to be between 18% to 20% [8][16] Q&A Session Summary Question: What are the expectations for revenue growth in Q3? - The company expects revenue to increase by 5% to 7% sequentially in Q3 [8] Question: How is the company addressing the challenges posed by tariff policies? - Management is closely monitoring customer feedback and evaluating the impact of tariff policies on demand [17] Question: What is the outlook for capacity utilization in the upcoming quarters? - The company believes that strong demand will help maintain high capacity utilization despite potential slowdowns [17] Question: Can you provide insights on the automotive electronics segment? - The automotive electronics segment has shown steady growth, contributing significantly to overall revenue [12]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $2,209 million, down 1.7% sequentially [5] - Gross margin decreased to 20.4%, down 2.1 percentage points sequentially [6] - EBITDA was $1,129 million with an EBITDA margin of 51.1% [6] - Profit attributable to the company was RMB 132 million [6] - Total assets at the end of Q2 were $49.4 billion, with total cash on hand of $13.1 billion [6] - Total liabilities were $16.7 billion, with total debt of $11.9 billion [6] - For the first half of 2025, revenue was $4,456 million, up 22% year over year [8] Business Line Data and Key Metrics Changes - Blended ASP decreased by 6.4% sequentially, while wafer shipments increased by 4.3% to 2,390 standard logic eight-inch equivalent wafers [10] - Revenue from automotive electronics shipments grew by 20% quarter over quarter, primarily from various types of automotive grade chips [12] - Revenue from eight-inch wafers achieved a 7% quarter over quarter growth [13] - Revenue from CIS increased over 20% sequentially [14] Market Data and Key Metrics Changes - Revenue distribution by region: China 84%, America 13%, and Eurasia 3%, with no significant changes quarter over quarter [11] - By application, wafer revenue from smartphones, computers and tablets, consumer electronics, connectivity and IoT, industrial, and automotive accounted for 25%, 15%, 41%, 8%, and 11% respectively [11] Company Strategy and Development Direction - The company aims to exceed industry average performance in the same market for the year [17] - Focus on deep collaborations with domestic customers to gain market share in analog chips [13] - The company is preparing for potential changes in demand due to tariff policies and market conditions [17] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the potential impact of tariff policies and market stimulus on future demand [17] - Visibility for Q4 remains limited due to customer inventory buildup and potential slowdown in rush orders [16] - Confidence in continued demand despite external uncertainties [17] Other Important Information - Total capital expenditure for the first half of the year was $3,301 million [15] - Guidance for Q3 2025 indicates expected revenue growth of 5% to 7% sequentially, with gross margin anticipated to be in the range of 18% to 20% [8][16] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - Management indicated that revenue is expected to increase by 5% to 7% sequentially in Q3 2025 [8] Question: How is the company addressing the challenges posed by tariff policies? - Management is actively collecting customer feedback and evaluating the impact of tariff policies on demand [17] Question: What is the outlook for automotive electronics shipments? - Automotive electronics shipments are expected to maintain steady growth, contributing significantly to revenue [12] Question: How does the company plan to manage inventory levels? - The company is working closely with customers to manage shipments and inventory levels effectively [10]

8月7日晚间，国内"晶圆代工双雄"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 入均实现了同比高两位数的增长，盈利能力得到大幅提升。 比收入增长更引人瞩目的是，两家晶圆厂在产能利用率上大幅提升，中芯国际接近满产，华虹公司利用 率超过100%。 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%。 华虹公司预计第三季度销售收入约在6.2亿美元至6.4亿美元之间，预计毛利率约在10%至12%之间。并 表示，随着无锡新12英寸产线稳步推进产能爬坡，公司将实现产能规模到技术生态的全面升级。 世界半导体贸易统计组织WSTS近日发布的数据显示，今年1-6月，全球半导体市场规模超3400亿美元， 同比增长18.9%。一季度市场规模约1670亿美元，同比增长18.1%；二季度约1800亿美元，同比增长 19.6%。上半年，从市场规模看，逻辑半导体增长37%、存储半导体增长20%、传感器增长16%、模拟 和微型器件均小幅增长4%。 天风证券表示，2025年，全球半导体增长延续乐观增长走势，2025年AI驱下游增长。同时，政策对供 应链中断与重构风险持续升级，二季 ...

Industry Insights - The Ministry of Industry and Information Technology and six other departments have released implementation opinions to promote innovation in the brain-computer interface industry, aiming for breakthroughs in key technologies by 2027, including brain-machine chips and high-precision surgical robots [2] - OpenAI has launched a new AI model named GPT-5, which offers enhanced capabilities in coding, creative writing, and complex query reasoning, described as a significant upgrade over previous models [2] Company Performance - SMIC reported a sales revenue of $2.209 billion for Q2 2025, a 1.7% decrease quarter-on-quarter, with a gross margin of 20.4%, down 2.1 percentage points [3] - For the first half of 2025, SMIC's sales revenue reached $4.46 billion, a 22.0% increase year-on-year, with a gross margin of 21.4%, up 7.6 percentage points [3] - SMIC expects Q3 revenue to grow by 5% to 7% quarter-on-quarter, with a gross margin between 18% and 20% [3] ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the Sci-Tech Board Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (59%) and materials (25%) [4] - The Semiconductor Materials ETF (562590) and its linked funds also emphasize semiconductor equipment (59%) and materials (24%), targeting the upstream semiconductor sector [4]