FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中芯國際集成電路製造有限公司 呈交日期： 2026年1月14日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00981 | 說明 | 港股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每股發行/出售價 (註4) ...

| | 沖股通 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 阿里巴巴-W | 5.7% | 11.00 | 165.92亿 | 阿里巴巴-W | | 腾讯控股 | 0.9% | 12.24 | 40.03 Z | 腾讯控股 | | 中芯国际 | 2.0% | -1.08 | 29.60 Z | 阿里健康 | | 小米集团-W | -0.5% | -2.62 | 28.05 Z | 中芯国际 | | 狮腾控股 | 50.2% | 0.54 | 24.25亿 | 小米集团-W | | 美团-W | -3.2% | -0.94 | 23.57亿 | 美团-W | | 阿里健康 | 19.0% | 2.97 | 22.62亿 | 快手-W | | 晶泰控股 | 3.9% | -1.98 | 20.21亿 | 量泰控股 | | 快手-W | 4.5% | 2.56 | 17.72亿 | 狮腾控股 | | 中国移动 | -0.2% | -9.13 | 17.62亿 | 中国海洋石油 | 净卖出中国移动9.13亿、小 ...

Group 1 - The Hang Seng Technology Index rose over 1% on January 14, 2026, with notable gains from Alibaba Health (up over 10%), Hua Hong Semiconductor, and Kuaishou (both up over 5%) [1] - Citigroup raised the target for the Hong Kong stock market benchmark index, expecting export growth and government support to improve corporate profit outlook, adjusting the Hang Seng Index year-end target from 28,800 points to 30,000 points [1] - The listings of Zhipu and MiniMax on the Hong Kong Stock Exchange signify a revaluation of AI companies, potentially shifting the industry focus from "parameter competition" to profitability and commercialization efficiency [1] Group 2 - The AI industry is experiencing continuous catalysis, with significant commercial development potential, particularly in generative search (GEO) applications [2] - Southbound capital has been increasing in the Hong Kong stock market, with a net inflow of 41.296 billion HKD since the beginning of 2026, driven by expectations of overseas liquidity easing and improved profit forecasts [2] - The Hong Kong technology sector is expected to recover, influenced by a rebound in risk appetite due to factors like the Federal Reserve's easing pressure [2] Group 3 - As of January 14, 2026, the Hong Kong Stock Connect Technology ETF (159262) rose by 2.31%, with the top ten weighted stocks accounting for 78.45% of the ETF [3] - The latest scale of the Hong Kong Stock Connect Technology ETF reached 10.502 billion HKD, a record high since its inception, with a significant increase in shares over the past week [3] - The ETF closely tracks the Hang Seng Stock Connect Technology Index, focusing on TMT industries and excluding sectors like pharmaceuticals and automobiles, with major weights in leading AI companies [3]

Group 1 - Domestic wafer fabs are experiencing a recovery in capacity utilization and a strong willingness to expand production, driven by AI, which is expected to lead to a super cycle in storage [1] - The semiconductor equipment demand is anticipated to rise due to increased domestic production rates and the push for self-sufficiency in logic chips [1] - The market is witnessing a significant increase in trading volume, indicating a high risk appetite, although short-term volatility is expected due to the further increase in margin financing [1] Group 2 - The AI-driven global storage chip industry is entering a "super cycle," with supply-demand mismatches leading to higher-than-expected price increases [1] - Domestic and international storage expansions are ongoing, with companies like Changxin and Changcun accelerating their IPO processes, which is expected to boost upstream semiconductor equipment investment opportunities [1] - The low domestic production rate of semiconductor equipment and tightening export controls from the US, Japan, and the Netherlands are likely to accelerate the progress of domestic semiconductor equipment production [1]

Group 1 - The core viewpoint of the news highlights a resurgence in the storage and semiconductor equipment sectors, driven by a "super cycle" in storage demand, with several storage companies experiencing significant stock price increases [1] - The semiconductor equipment ETF (561980) saw a 3.26% increase, with a trading volume exceeding 1.4 billion yuan, reflecting a recent peak in fund size [1] - The first annual report forecast indicates a substantial net profit growth of 427.19%-520.22% for 2025, boosting market sentiment in the sector [1] Group 2 - From an industry perspective, storage chips represent one of the largest downstream markets in the semiconductor equipment space, with expected price increases for storage products continuing into 2026 [2] - TrendForce forecasts a 55-60% quarter-on-quarter increase in conventional DRAM prices and over 60% for Server DRAM in Q1 2026, alongside a 33-38% increase in NAND Flash prices [4] - The demand for storage is driven by new platforms like NV's Rubin AI, which is expected to significantly increase memory capacity and NAND demand [3] Group 3 - The domestic storage leader is set to receive IPO approval, aiming to raise 29.5 billion yuan for production line upgrades and next-generation technology, which is expected to enhance domestic equipment demand [5] - The localization rate of semiconductor manufacturing equipment in China is currently low, with projections indicating an increase from 25% in 2024 to 30% by 2026 [5] - The semiconductor equipment ETF (561980) focuses on high-tech segments of the semiconductor industry, with a significant concentration in leading companies across various sub-sectors [6]

Core Viewpoint - The global 8-inch wafer foundry capacity is expected to decrease by 2.4% in 2026 due to TSMC and Samsung Electronics reducing their production capacity, while demand for AI-driven power management chips remains strong, leading to an anticipated increase in capacity utilization rates to 90% this year [2][8]. Group 1: Company-Specific Insights - TSMC plans to gradually exit the 6-inch wafer manufacturing business within two years and continue to reduce 8-inch wafer capacity, with a current monthly capacity of approximately 528,000 wafers [4]. - Samsung Electronics will also reduce its 8-inch wafer production starting in the second half of 2025, aiming to allocate more resources to the 12-inch wafer market, with a similar monthly capacity of 528,000 wafers [4]. - UMC's 8-inch wafer monthly capacity was previously over 360,000 wafers, with a current utilization rate of about 70%, and the company is optimistic about continued growth in 2026 [5]. - SMIC has a monthly capacity of approximately 355,000 8-inch wafers, with a utilization rate of 95.8% as of Q3 2025, and has raised prices by about 10% due to high demand [5]. - Hua Hong Semiconductor's 8-inch wafer foundry utilization rate reached 109.5%, indicating overcapacity, and the company is expanding its production capacity [6]. - Powerchip's 8-inch wafer monthly capacity is around 120,000 wafers, benefiting from the tight supply of memory chips and the recovery of logic process products [6]. - GlobalFoundries is focusing on expanding its 12-inch wafer production, with a projected decline of about 0.3% in global 8-inch wafer foundry capacity in 2025 [7]. Group 2: Market Trends and Projections - The average capacity utilization rate for global 8-inch wafer foundries is expected to rise to 85% to 90% in 2026, significantly better than the 75% to 80% range in 2025 [8]. - Some foundries are notifying customers of price increases ranging from 5% to 20% due to tightening capacity, marking a shift from previous selective price adjustments [8].

Core Viewpoint - The total margin balance of the Sci-Tech Innovation Board reached 288.907 billion yuan on January 13, showing an increase of 1.127 billion yuan compared to the previous trading day [1] Group 1: Margin Balance - The financing balance amounted to 287.888 billion yuan, increasing by 1.178 billion yuan from the previous trading day [1] - The margin trading balance decreased to 10.19 billion yuan, down by 0.051 billion yuan from the previous trading day [1] Group 2: Individual Stock Performance - On January 13, 311 stocks on the Sci-Tech Innovation Board experienced net financing inflows, with 10 stocks having net inflows exceeding 100 million yuan [1] - Kingsoft Office topped the list with a net financing inflow of 276 million yuan [1] - Other notable stocks with significant net financing inflows include Chengdu Xian Dao, Zhongke Xingtu, Zhongxin International, Rongchang Bio, Western Superconducting, and Green Harmony [1]

与前一交易日相比，科创板融资余额环比增加的共有311只，融资净买入超千万元的共有123只，融资净 买入在500万元至1000万元的有55只，融资净买入在100万元至500万元的有97只，融资净买入不足百万 元的有36只。融资余额环比减少的科创板股中，减少金额超千万元的有88只，减少金额居前的有寒武 纪、华虹公司、芯源微等，融资余额分别减少3.35亿元、1.84亿元、1.80亿元。 融资净买入金额最多的是金山办公，该股最新融资余额31.61亿元，环比上一日增加2.76亿元，该股当日 下跌2.16%，融资净买入金额居前的还有成都先导、中科星图、中芯国际等，净买入金额分别为2.07亿 元、1.71亿元、1.56亿元。 科创板融资余额环比前一日增加11.78亿元，其中，24股融资余额环比增加超5000万元，融资净买入居 前的有金山办公、成都先导、中科星图等股。 证券时报·数据宝统计显示，截至1月13日，科创板两融余额合计2889.07亿元，较上一交易日增加11.28 亿元，其中，融资余额合计2878.88亿元，较上一交易日增加11.78亿元。 科创板股中，最新融资余额超亿元的有501只，其中，融资余额在10亿元以上的 ...

Investment Rating - The report maintains an "Outperform" rating for the electronics industry [1][10]. Core Insights - The semiconductor sector is experiencing better-than-expected conditions, with price increases across multiple segments driven by rising AI demand. The industry is seeing a recovery in profitability as price hikes are being passed on to consumers [1]. - The CES 2026 event has showcased significant advancements in AR glasses, indicating a year of hardware innovation. Companies are encouraged to focus on AR glasses as they become independent smart devices with enhanced communication and computing capabilities [3]. - NVIDIA has introduced a new storage architecture that redefines the role of NAND Flash, significantly increasing its demand and value in AI applications. This shift is expected to benefit companies in the storage industry [4]. Summary by Sections Semiconductor Industry - The semiconductor industry is witnessing a supply-demand imbalance, particularly in storage and high-end PCB segments. Price increases are anticipated across various manufacturing stages, including wafer foundries and high-end packaging [1]. - The report highlights the potential for domestic semiconductor materials to replace imports, particularly in light of recent anti-dumping investigations against Japanese products [2]. AR Glasses and Consumer Electronics - CES 2026 has seen a variety of AR glasses, with advancements in full-color display technology enhancing user experience and application scenarios. Companies are advised to monitor developments in this area [3]. - The report emphasizes the importance of AR glasses as a platform for AI technology, suggesting a growing market for these devices [3]. Storage Industry - The introduction of NVIDIA's new storage processor platform is expected to revolutionize the role of NAND Flash, making it a critical component in AI processing. This change is likely to drive demand for storage-related companies [4]. - The storage industry is projected to benefit from ongoing AI demand, with a positive outlook for companies involved in NAND Flash production [4]. Key Companies and Recommendations - The report recommends several companies for investment, including: - Semiconductor: 中芯国际 (SMIC), 翱捷科技 (Aojie Technology), 德明利 (Demingli), 蓝思科技 (Lens Technology) [10]. - Storage: 德明利 (Demingli), 江波龙 (Jiangbolong), 佰维存储 (Baiwei Storage) [4][10]. - AR Glasses: 蓝特光学 (Lante Optics), 水晶光电 (Crystal Optoelectronics) [3].

Market Overview - On January 13, major indices in China experienced collective adjustments, with the Shenzhen Component Index falling over 1% and the ChiNext Index dropping nearly 2%. The Shanghai Composite Index closed down 0.64%, the Shenzhen Component Index down 1.37%, and the ChiNext Index down 1.96%. The total trading volume in the Shanghai and Shenzhen markets reached 3.65 trillion yuan, an increase of 49.6 billion yuan compared to the previous trading day [1] - In the U.S. stock market, the three major indices also declined on January 13. The Dow Jones Industrial Average fell by 398.21 points to close at 49,191.99, a decrease of 0.80%. The S&P 500 Index dropped by 13.53 points to 6,963.74, down 0.19%, while the Nasdaq Composite Index decreased by 24.03 points to 23,709.87, a decline of 0.10% [1] Sector Performance - In the Chinese market, over 3,700 stocks declined, with the AI application concept sector rising against the trend, seeing over ten constituent stocks hitting the daily limit up. The AI medical concept remained active, while the power grid equipment sector strengthened in the afternoon. The retail sector also showed active performance. Conversely, the commercial aerospace and controllable nuclear fusion sectors experienced significant declines [1] - In the U.S., the performance of major indices reflected a general downward trend, indicating a cautious market sentiment [1] Commodity Prices - International oil prices rose on January 13. The price of light crude oil futures for February delivery on the New York Mercantile Exchange increased by $1.65 to $61.15 per barrel, a rise of 2.77%. The March delivery Brent crude oil futures price rose by $1.60 to $65.47 per barrel, an increase of 2.51% [2] Policy and Regulatory Updates - The Ministry of Commerce of China announced the continuation of anti-dumping duties on imported solar-grade polysilicon from the U.S. and South Korea, effective from January 14, 2026, for a period of five years [2] - The Ministry of Industry and Information Technology issued an action plan for the high-quality development of industrial internet platforms from 2026 to 2028, aiming for significant progress in platform development and resource connectivity by 2028 [3][4] Company-Specific Developments - The approval of NVIDIA to export its H200 AI chips to China is expected to restart shipments to Chinese customers. This decision will be overseen by the U.S. Department of Commerce, which will also impose a fee of approximately 25% on the related transactions [7]