证券代码：002156 证券简称：通富微电 公告编号：2026-012 通富微电子股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 本次股东会未出现增加、否决或变更提案的情形，也未涉及变更前次股东会 决议的情形。 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2026 年 1 月 26 日的交易时间，即上午 9:15-9:25、9:30-11:30 和下午 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的时间为 2026 年 1 月 26 日上午 9:15- 下午 15:00 期间的任意时间。 2、召开地点：通富微电子股份有限公司会议室（江苏省南通市崇川路 288 号） 3、召开方式：现场会议和网络投票相结合方式 4、会议召集人：公司董事会 5、会议主持人：公司董事长石磊先生 6、本次临时股东会的召集、召开与表决程序符合《公司法》《上市公司股东 会规则》《深圳证券交易所股票上市规则》及公司章程等法律、法规及规范性文 件的规定。 （二）会议出席情况 出席本次临时股东会现 ...

北 京 大 成 （ 南 通 ） 律 师 事 务 所 关 于 通 富 微 电 子 股 份 有 限 公 司 2026 年 第 一 次 临 时 股 东 会 的 法 律 意 见 书 大成证字[2026]第 15 号 北 京 大 成 (南 通 )律 师 事 务 所 江苏省南通市工农南路155号印象城写字楼20楼（226004） 20F, Incity Office Tower, 155 South Gongnong Road, Nantong, Jiangsu Tel: 0513-85119000 Fax: 0513-85119001 法律意见书——通富微电子股份有限公司 2026 年第一次临时股东会 北京大成（南通）律师事务所 关于通富微电子股份有限公司 2026 年第一次临时股东会的法律意见书 大成证字[2026]第 15 号 致：通富微电子股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市 公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规 范性文件的要求，北京大成（南通）律师事务所（以下简称 ...

每经AI快讯，1月26日，通富微电（002156）(002156.SZ)公告称，公司控股股东南通华达微电子集团股 份有限公司已减持公司股份1500万股，占公司当前总股本的0.99%，持股比例从19.79%下降至18.80%。 华达集团决定提前终止本次减持计划，减持未超过计划减持股份数量，且不会导致公司控制权变更，不 会对公司治理结构及持续经营产生影响。 ...

沪指1月26日下跌0.09%，申万所属行业中，今日上涨的有10个，涨幅居前的行业为有色金属、石油石 化，涨幅分别为4.57%、3.18%。跌幅居前的行业为国防军工、汽车，跌幅分别为4.47%、2.31%。电子 行业今日下跌2.24%。 资金面上看，两市主力资金全天净流出1143.17亿元，今日有6个行业主力资金净流入，非银金融行业主 力资金净流入规模居首，该行业今日上涨0.79%，全天净流入资金34.93亿元，其次是医药生物行业，日 涨幅为0.29%，净流入资金为28.39亿元。 主力资金净流出的行业有25个，电子行业主力资金净流出规模居首，全天净流出资金277.21亿元，其次 是电力设备行业，净流出资金为203.06亿元，净流出资金较多的还有国防军工、机械设备、汽车等行 业。 电子行业今日下跌2.24%，全天主力资金净流出277.21亿元，该行业所属的个股共476只，今日上涨的有 68只；下跌的有405只，跌停的有5只。以资金流向数据进行统计，该行业资金净流入的个股有115只， 其中，净流入资金超亿元的有15只，净流入资金居首的是澜起科技，今日净流入资金6.88亿元，紧随其 后的是香农芯创、沃尔核材，净流入 ...

截至1月26日收盘，同花顺新质50概念下跌4.24%，位居概念板块跌幅榜前列，板块内，海格通信、凯 众股份、中国卫通等跌停，浩瀚深度、中科星图、北斗星通等跌幅居前，股价上涨的有4只，涨幅居前 的有沃尔核材、天孚通信、中际旭创等，分别上涨6.04%、3.59%、0.82%。 资金面上看，今日同花顺新质50概念板块获主力资金净流出96.93亿元，其中，43股获主力资金净流 出，19股主力资金净流出超亿元，净流出资金居首的是三花智控，今日主力资金净流出15.78亿元，净 流出资金居前的还有通富微电、寒武纪、海格通信等，主力资金分别净流出13.15亿元、12.50亿元、 9.85亿元。今日主力资金净流入居前的概念股有天孚通信、中际旭创、沃尔核材等，主力资金分别净流 入11.05亿元、3.50亿元、3.39亿元。（数据宝） | 688065 | 凯赛生物 | -0.05 | 1.44 | 3540.65 | | --- | --- | --- | --- | --- | | 600050 | 中国联通 | -0.39 | 0.97 | 9279.03 | | 002130 | 沃尔核材 | 6.04 | 15.35 | ...

Core Viewpoint - The data indicates significant outflows of main funds from various stocks, particularly in the aerospace and consumer electronics sectors, reflecting a bearish sentiment among investors. Group 1: Stock Performance and Fund Flow - Aerospace stocks, such as Aerospace Electronics and China Satellite, experienced the largest fund outflows, with -38.16 billion and -25.95 billion respectively, and declines of -9.98% and -10% in their stock prices [1][2] - Other notable stocks with significant outflows include Xinwei Communication (-18.59 billion, -10.05%), Sanhua Intelligent Control (-17.72 billion, -3.89%), and Goldwind Technology (-17.69 billion, -3.99%) [1][2] - The outflow from Longi Green Energy was -15.87 billion with a stock price decrease of -1.34%, indicating a relatively smaller decline compared to others in the same sector [1][2] Group 2: Sector Analysis - The consumer electronics sector saw major outflows, particularly from companies like Xinwei Communication and Lens Technology, with outflows of -18.59 billion and -12.82 billion respectively [1][2] - The wind power equipment sector, represented by Goldwind Technology, also faced significant outflows, reflecting potential challenges in the renewable energy market [1][2] - The communication equipment sector, including companies like Haige Communication and China Satellite, showed substantial fund outflows, indicating investor caution in this area [1][3]

Investment Rating - The industry investment rating is "Positive" and is maintained [2][10] Core Insights - The report highlights that the deployment of Al Agent sandboxing is expected to create new demand for CPUs, driven by the need to control potential risks associated with Al Agents [6] - The report suggests that as Al Agents continue to develop, the associated sandbox technology will likely be adopted, leading to new growth opportunities for CPU manufacturers and related supply chains [6] Summary by Sections Recent Market Performance - The report notes a recent market performance with a 20% increase [3] Key Companies and Investment Ratings - The report lists key companies with their investment ratings, including: - Haiguang Information: Market Cap 641.52 billion, EPS for 2024A is 0.83, with a PE of 332.53 [5] - Longxin Zhongke: Market Cap 77.39 billion, EPS for 2024A is -1.56 [5] - Tongfu Microelectronics: Market Cap 85.50 billion, EPS for 2024A is 0.45, with a PE of 125.20 [5] Industry Trends - The report discusses the increasing adoption of Al Agent sandboxing both domestically and internationally, with significant investments such as Meta's acquisition of Manus for over 2 billion USD [6] - The report emphasizes that the functionality of Al Agents is largely dependent on the richness and reliability of the tools they can access, with function calling being a core technology [6]

Summary of Conference Call Records Industry Overview - The NAND flash contract prices have been raised for the second time in 2026, with an increase exceeding 100%, significantly higher than the market's previous expectation of 20% in November last year [1][2] - The DRAM price increase has also been revised, but it has received less attention due to already high expectations [1][2] - The storage price increase cycle is expected to continue until the third quarter of 2026, benefiting related design, equipment, and module companies [1] Key Companies and Investment Opportunities - **Chip Design Companies**: Companies like Junzheng, Zhaoyi Innovation, and Purun are expected to benefit from downstream storage price increases [3] - **CSP Manufacturers**: Chip Source Co., as a leading player in the domestic computing power sector, is anticipated to see significant performance growth due to ASIC chip demand driven by CSPs [5] - **Advanced Packaging Companies**: Longji Technology and Tongfu Microelectronics are highlighted for their 2.5D packaging capabilities, with the latter's business expected to grow in the first quarter of 2026 [6][10] - **Emerging Companies**: Companies like Xiyin Electronics and Baiwei Storage are noted for their advancements in advanced packaging technology [6][12] Market Dynamics - The storage market is experiencing a confluence of three major cycles: technological upgrades, financing cycles for the two storage companies, and AI-driven price cycles [2] - The overall packaging industry is being driven by AI cloud and terminal penetration, storage super cycles, and the expansion of mature processes [8] - The capacity utilization rate in the packaging industry is expected to improve significantly, with projections for 2026 indicating a more robust state [8] Advanced Packaging Developments - Longji Technology is focusing on high-performance computing and storage terminals, with a projected capacity utilization rate of nearly 80% by the third quarter of 2025 [9] - Tongfu Microelectronics has been collaborating with overseas clients since 2019, achieving a competitive level in advanced packaging technology [10] - Yongxi Electronics aims to increase its market share in advanced packaging, focusing on high-end products and maintaining high investment in 2.5D packaging and AI-related technologies [11][14] Impact of AI and Sandbox Technology on CPU Sector - The implementation of sandbox technology for Agent applications is expected to create additional demand for CPU servers, benefiting companies like AMD, Intel, and Haiguang Information [15][16] - The sandboxing approach allows for a controlled environment for executing code, which is crucial for managing risks associated with Agent operations [15] Conclusion - The storage and advanced packaging sectors are poised for growth driven by technological advancements and market dynamics, with several companies identified as key players for investment opportunities. The integration of AI and sandbox technology is also expected to create new demand in the CPU market, presenting further investment potential.

Core Insights - The report from Caitong Securities highlights the potential growth in CPU demand driven by the ongoing development of AI Agents and the implementation of sandbox technology to mitigate associated risks [1][2]. Group 1: AI Agent Sandbox Development - Both domestic and international markets are gradually deploying AI Agent sandboxing technology. Notably, Meta's acquisition of Manus for over $2 billion by December 2025 is expected to accelerate the promotion and application of sandbox technology [1]. - Major domestic cloud platforms, such as Alibaba Cloud, are launching and iterating AI Agent Infra products centered around AI Agent Sandbox, indicating a gradual implementation of sandboxing in AI Agent deployment [1]. Group 2: CPU Demand and Risk Control - The sandbox isolation technology is crucial for controlling potential risks associated with AI Agents, which in turn creates additional demand for CPUs. The action module of AI Agents translates abstract instructions into specific operations, heavily relying on the richness and reliability of the tools available [2]. - The core technology enabling this tool usage is function calling, which allows large language models (LLMs) to output structured JSON objects alongside text generation. This separation of understanding and execution is vital for AI Agent functionality [2]. Group 3: Investment Recommendations - Investment focus should be on overseas CPU manufacturers such as AMD and Intel, as well as domestic CPU alternatives like Haiguang Information and Loongson Technology. Additionally, supply chains related to AMD (Tongfu Microelectronics, Aoshikang, Shiyun Circuit) and Intel (Lanke Technology, Shiyun Circuit, Xingsen Technology) are recommended for attention [3].

Investment Rating - The industry investment rating is "Overweight" (maintained) [2] Core Insights - The electronic industry index experienced a weekly change of +1.58%, with semiconductors rising by 2.7% and consumer electronics declining by 1.4% [4] - TSMC plans to build four advanced packaging facilities to enhance backend capacity, driven by strong demand for AI [6] - The AI hardware market is expected to see a surge in product launches, including OpenAI's AI audio headphones with projected shipments of 40-50 million units in the first year [5] Market Review - The semiconductor sector is witnessing a significant increase in demand, with TSMC's 3nm capacity fully booked until 2027 due to AI demand [6] - Major storage companies are entering a price increase cycle as they face unprecedented chip shortages, with Micron indicating that its HBM orders for 2026 are already filled [5] - The import value of key semiconductor equipment in China reached 15.5 billion yuan in December 2025, marking a 244% month-on-month increase [6] Industry Developments - AI infrastructure is rapidly developing, with domestic GPU manufacturers accelerating their self-sufficiency processes [5] - Companies like SK Hynix and Kioxia have reported that their chip and flash memory production capacities for 2026 are already sold out, exacerbating NAND supply pressures [5] - The Nasdaq index saw a slight decline of 0.06% this week, while notable gains were observed in companies like SanDisk (+14.56%) and AMD (+12.01%) [4]