尽管隔夜海外市场"三杀"，但A股并未受到太大波及，反而按照自有节奏，继续向上。 各大指数，开盘后均上攻，最终也都收涨，说到强势板块，一个是黄金，一个是半导体。 其中，黄金ETF易方达(159934)今日涨3.04%，净值续创历史新高；半导体设备ETF易方达(159558)今年以来涨幅25.84%，成 为年内表现最好的ETF之一。 01 芯片+黄金齐飞 盘面上，半导体代工板块强势，中芯国际、华虹半导体，均涨超4%。 消息面上，近日市场调研机构集邦咨询（TrendForce）发布的最新报告，认为受台积电、三星电子战略性削减产能影响， 2026年全球8英寸代工总产能将萎缩2.4%，但AI驱动的电源管理芯片（Power IC）等产品需求维持强劲，行业平均产能利用 率已经提升至90%以上的高位，全球8英寸晶圆供应将严重不足。 事实上，全球8英寸晶圆代工报价在2025年下半年已经止跌回升，预计2026年全线涨幅将达到5%至20%。 而中国大陆晶圆代工厂有机会吃到这一波红利，成为满足8英寸芯片需求的替代方案。 1月19日，国家统计局工业统计司副司长王新在官网发文指出，"人工智能 +" 高速发展带动存储芯片产量增长22.8% ...

2025年7月至2026年1月，国内半导体集成电路行业迎来融资热潮，资本布局呈现频次密集、赛道聚焦、区域集群化的鲜明特征。在国产替代攻坚与全球算 力需求爆发的双重驱动下，行业正步入资本与技术深度绑定、产业链协同升级的关键阶段。本次分析基于公开报道及笃威尔自有数据综合整理，涵盖股权 融资、战略投资、收购等各类资本事件，分析半导体集成电路的产业发展。 一、全国融资全景 规模攀升，结构分化显著 本期全国半导体集成电路领域资本活跃度持续攀升，全周期共发生融资事件681起，覆盖610家企业，吸引1130家投资机构参与布局，其中交易金额超10亿 元的大额融资事件达82起，充分彰显资本对半导体赛道的高度关注与重度投入，整体呈现规模与质量双升态势。 从融资结构来看，额度与轮次分布呈现鲜明特征，额度层面，"小额密集、大额集中"的格局显著，500万以下小额融资事件达578起，占比超84.9%，为行 业创新储备提供源头活水；而82起10亿级以上大额融资则高度集中于资本密集型领域，头部企业虹吸效应明显，长鑫科技、摩尔线程等龙头企业单次募资 规模均超数十亿元，凭借技术壁垒与量产能力占据资本高地。 轮次分布上，战略融资以307起占据绝对 ...

今日（1.21），芯片板块高歌猛进，全市场费率最低档的芯片50ETF（516920）放量大涨超4%，盘中成交额8000万元！资金面上，芯片50ETF （516920）已连续2天获资金青睐，累计"吸金"超3800万元！ 消息面上，根据KeyBanc的数据，Intel与AMD为应对供需失衡并确保后续供应稳定，计划将服务器CPU价格上调10%-15%。同时，2026年Intel与 AMD的服务器CPU产能已基本预售完毕。 此外，全球存储需求结构性增长。近期，花旗集团显著上调存储巨头目标价，资产管理公司ClearBridge Investments也指出，由人工智能发展所 驱动的存储芯片需求，目前被市场显著低估。美光科技高管亦强调，内存芯片短缺在过去一个季度持续加剧，核心原因在于人工智能基础设施 建设对高端半导体的需求呈现爆发式增长。 芯片50ETF（516920）标的指数成分股多数飘红：海光信息涨超16%，澜起科技涨超11%，兆易创新涨超6%，中芯国际涨超4%，寒武纪-U涨超 2%。值得关注的是，芯片50ETF（516920）标的指数成分股中，不仅包含科创板芯片龙头，也囊括了北方华创、兆易创新、豪威集团、长电科 技 ...

Core Viewpoint - The A-share market has reached a historic milestone with the number of stocks closing above 100 yuan reaching 222, marking a new high in history, predominantly driven by technology companies, except for Kweichow Moutai [1][6]. Group 1: Distribution of Hundred Yuan Stocks - The electronic industry leads with 79 stocks, accounting for 35.59% of the total hundred yuan stocks. The machinery equipment industry has 26 stocks (11.71%), and the computer industry has 24 stocks (10.81%) [6]. Group 2: Top Ten Hundred Yuan Stocks - The top three stocks are: 1. Cambricon (寒武纪-U) with a closing price of 1419.66 yuan and a 2025 increase of 106.01% [3]. 2. Kweichow Moutai (贵州茅台) at 1376.00 yuan with a decrease of 6.29% [3]. 3. Source Code Technology (源杰科技) at 748.29 yuan with a remarkable increase of 379.34% [4]. Group 3: Market Trends and Future Outlook - The overall rise in the A-share market has led to a significant increase in the average stock price level, with the number of hundred yuan stocks surpassing 200 as of January 19, 2026 [6]. - Experts predict that the hundred yuan stock group will continue to expand due to ongoing trends in the technology industry and sustained inflow of long-term capital, although structural differentiation is expected to become more pronounced [6].

1月20日，北方华创盘中下跌2.00%，截至14:10，报513.38元/股，成交29.69亿元，换手率0.79%，总市 值3719.31亿元。 资金流向方面，主力资金净流出1.50亿元，特大单买入3.36亿元，占比11.32%，卖出4.93亿元，占比 16.59%；大单买入9.58亿元，占比32.27%，卖出9.52亿元，占比32.06%。 北方华创今年以来股价涨11.83%，近5个交易日涨4.73%，近20日涨14.50%，近60日涨23.77%。 资料显示，北方华创科技集团股份有限公司位于北京市经济技术开发区文昌大道8号5层，成立日期2001 年9月28日，上市日期2010年3月16日，公司主营业务涉及半导体基础产品的研发、生产、销售和技术服 务。主营业务收入构成为：电子工艺装备94.53%，电子元器件5.37%，其他(补充)0.10%。 北方华创所属申万行业为：电子-半导体-半导体设备。所属概念板块包括：中芯国际概念、半导体设 备、先进封装、大基金概念、北京国资等。 截至12月19日，北方华创股东户数6.32万，较上期减少1.44%；人均流通股11459股，较上期增加 1.46%。2025年1月-9月 ...

截至9：55，半导体设备ETF基金(159327)上涨0.22%，盘中成交额超1700万，市场交投活跃。前十大权重股中，中微公司跌1.21%，北方华创涨0.36%，长川 科技涨1.29%，沪硅产业涨0.48%，华海清科跌0.27%，拓荆科技跌0.96%，南大光电涨0.79%，安集科技涨1.26%，中科飞测涨0.1%，芯源微跌2.22%。 数据显示，半导体设备ETF基金(159327)连续10日获资金净流入，合计"吸金"超3.9亿；最新基金规模攀升至11.25亿元，突破10亿规模大关。 "十四五"收官之际，中国国内生产总值（GDP）再次跨越关口，站上140万亿元新台阶，同比增长5%。2025年，规模以上数字产品制造业增加值比上年增长 9.3%，信息传输、软件和信息技术服务业增加值增长11.1%。"人工智能+"高速发展带动存储芯片、服务器等产品产量分别增长22.8%、12.6%。 浙商证券研报指出，AI训练与推理对显存带宽及容量的迫切需求，正驱动存储行业进入新一轮成长周期，存储产品呈现量价齐升态势。随着AI应用愈加广 泛，特别是在深度学习、图像识别、自然语言处理等数据密集型领域渗透，存储的需求呈现明显增长。 综合 ...

1月20日上午，A股三大指数走势分化，上证指数盘中上涨0.09%，房地产、建筑材料、建筑装饰等板块 涨幅靠前，综合、通信跌幅居前。芯片科技股走强，截至9:45，芯片ETF（159995.SZ）上涨1.16%，成 分股北京君正上涨6.08%，龙芯中科上涨5.85%，澜起科技上涨4.03%，通富微电上涨3.55%，海光信息 上涨2.95%。 资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、设 计、制造、封装和测试等龙头企业，其中包括中芯国际、寒武纪、长电科技、北方华创等。其场外联接 基金为：A类（008887），C类（008888）。 （文章来源：每日经济新闻） AI芯片与存储芯片需求持续高景气，海外存储厂商将资源向先进封装（如HBM）倾斜，可能导致标准 型存储芯片的封测产能趋紧。同时，金、银、铜等原材料价格大幅上涨，直接推高封装成本，或带动封 测行业普遍提价。 开源证券表示，在较高景气度下，封测企业或通过调价传导成本压力、改善盈利；同时也具备逐步优化 产品结构，聚焦相对高毛利业务的条件，建议关注积极布局高端先进封装的国产厂商。 ...

｜2026年1月20日星期二｜ NO.1 神舟二十号飞船返回舱成功着陆，神舟二十三号飞船运抵发射中心 NO.4 国金证券：建议关注业务涉及商业航天3D打印的标的 1月19日，国金证券研报表示，7大技术路线加持，3D打印从概念走向量产，有望成为商业航天最终加 工解决方案，火箭/卫星加工全覆盖。考虑3D打印当前技术成熟度不断提升具备量产基础，同时有望成 为商业航天领域最终加工解决方案，在火箭、卫星上均有较好应用前景，建议关注业务涉及商业航天 3D打印的标的。 NO.5 百亿私募阵营"3进2出" ，险资私募闪电破百亿 1月19日，百亿私募阵营再扩容。私募排排网数据显示，当前百亿私募数量已达114家，较2025年末增加 1家。其中，遂玖私募重回百亿；国源信达和恒毅持盈（深圳）私募首次跻身百亿私募行列。 另有2家 退出百亿行列。值得关注的是，恒毅持盈（深圳）私募成立于2025年5月，并于同年8月完成备案。该私 募为险资背景，实际控制人为平安资产管理有限责任公司。目前，具有险资背景的私募共有3家，除恒 毅持盈外，还包括国丰兴华（北京）私募和太保致远（上海）私募。 NO.6 国家统计局：2025年新能源汽车年产销量均突破1 ...

Group 1 - SMIC (688981) is the largest and most advanced wafer foundry in mainland China, mastering 14nm FinFET technology and maintaining the highest capacity in 28nm mature process domestically, providing foundry services for storage chips [1][40] - The company has received multiple rounds of funding from the National Integrated Circuit Industry Investment Fund, playing a key role in breaking overseas dependence in the domestic storage chip manufacturing sector [1][41] - SMIC also participates in setting multiple industry standards in the domestic semiconductor manufacturing field, consolidating its core voice in the industry chain [1][41] Group 2 - North Huachuang (002371) is a leading semiconductor equipment company in Beijing, providing a full range of equipment for storage chip manufacturing, including etching machines and cleaning machines [2][40] - The company has successfully entered the supply chains of domestic storage manufacturers like Yangtze Memory Technologies and Changxin Memory Technologies, breaking the monopoly of foreign manufacturers [2][41] - With the accelerated expansion of domestic storage chip capacity, North Huachuang's equipment orders continue to grow, and it is establishing new production bases in Tianjin and Yixing [2][41] Group 3 - Hua Hong Semiconductor (688347) focuses on specialty process wafer foundry and is a key player in the domestic storage chip sector, specializing in mature processes like 90nm and 55nm [3][40] - The company provides stable foundry services for domestic storage chip design companies and is expanding its specialty process production lines with support from the National Integrated Circuit Industry Investment Fund [3][41] - Hua Hong has also achieved IATF16949 certification for automotive-grade storage chip processes, enhancing its capabilities in the automotive sector [3][41] Group 4 - Zhongwei (688012) is a global leader in semiconductor etching equipment, with its 5nm etching equipment already in commercial application [4][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants like TSMC and Micron [4][41] - Zhongwei's R&D team comprises over 70% of its workforce, and it holds more than a thousand patents, continuously increasing its market share in the etching equipment sector [4][41] Group 5 - Zhaoyi Innovation (603986) is a leading domestic NOR Flash company, ranking among the top three globally, and is one of the few domestic companies involved in DRAM chip design [5][40] - The company has achieved mass production of 19nm DRAM chips, filling a technology gap in the domestic market, and has established deep cooperation with Changxin Memory Technologies [5][41] - Zhaoyi Innovation has received support from the National Integrated Circuit Industry Investment Fund, focusing its R&D investments on high-end storage chips [5][41] Group 6 - Shengyi Technology (600183) is a leading domestic copper-clad laminate manufacturer, playing a crucial role in the localization of basic materials for the storage chip industry [6][40] - The company has entered the supply chains of major domestic storage packaging companies and provides raw materials to international giants like Samsung and SK Hynix [6][41] - Shengyi is expanding its production capacity in Shaanxi and Jiangsu, with its performance steadily growing alongside the increasing demand for domestic storage chips [6][41] Group 7 - Lanke Technology (688008) is a global leader in memory interface chips, with a market share exceeding 40% for DDR4/DDR5 memory interface chips [7][40] - The company has developed solutions for DDR5 memory interfaces in collaboration with Changxin Memory Technologies, promoting the commercialization of domestic storage modules [7][41] - Lanke's R&D investments focus on cutting-edge fields, extending its product layout into storage control chips [7][41] Group 8 - Shennan Circuits (002916) is a leading domestic printed circuit board manufacturer, focusing on high-end PCB and packaging substrate manufacturing [8][40] - The company has developed storage packaging substrates that meet high reliability and density requirements, entering the supply chains of major domestic storage manufacturers [8][41] - Shennan is also expanding its high-end packaging substrate production lines in Wuxi to further meet the needs of the storage industry [8][41] Group 9 - Jiangbolong (301308) is a leading domestic storage module company, focusing on promoting the application of domestic storage chips in various fields [9][40] - The company has established deep cooperation with domestic storage chip manufacturers and has launched products equipped with domestic storage chips [9][41] - Jiangbolong has acquired the global storage brand Lexar to leverage its overseas channels, increasing its international market presence [9][41] Group 10 - Xian Yicai-U (688783) is a key player in the domestic silicon wafer sector, focusing on the production of 12-inch polished wafers and epitaxial wafers [10][40] - The company has achieved mass production of 12-inch wafers, breaking the monopoly of foreign manufacturers [10][41] - Xian Yicai has received multiple rounds of investment from the National Integrated Circuit Industry Investment Fund, continuously releasing production capacity [10][41] Group 11 - Tuo Jing Technology (688072) is a leading domestic thin film deposition equipment manufacturer, with a market share exceeding 60% for PECVD equipment in domestic storage chip manufacturing [11][40] - The company has entered the supply chains of major domestic storage manufacturers and has also supplied equipment to overseas storage companies [11][41] - Tuo Jing's R&D investment exceeds 30%, continuously launching new equipment suitable for advanced 3D NAND processes [11][41] Group 12 - Shengmei Shanghai (688082) is a leading domestic semiconductor cleaning equipment manufacturer, developing advanced cleaning technologies for storage chip manufacturing [12][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants [12][41] - Shengmei is building a new production base in Shanghai to further meet the equipment needs of storage chip manufacturers [12][41] Group 13 - Huarun Micro (688396) is a leading domestic power semiconductor company, providing packaging and testing services for storage chips [13][40] - The company has expanded its production lines for power semiconductors and storage packaging in Chongqing, enhancing its capabilities in the storage sector [13][41] - Huarun Micro's industrial-grade storage chips have achieved AEC-Q100 certification, enabling them to enter the automotive electronics market [13][41] Group 14 - Changchuan Technology (300604) is a leading domestic semiconductor testing equipment manufacturer, focusing on testing equipment for storage chips [14][40] - The company has entered the supply chains of major domestic storage manufacturers and has received investment from the National Integrated Circuit Industry Investment Fund [14][41] - Changchuan has acquired Singapore's STI company to enhance its competitiveness in the storage testing field [14][41] Group 15 - Changdian Technology (600584) is a global leader in semiconductor packaging and testing, providing high-end packaging services for domestic storage chip design companies [15][40] - The company has established R&D centers in Singapore and South Korea, taking on packaging orders from international giants [15][41] - Changdian has received support from the National Integrated Circuit Industry Investment Fund, continuously expanding its advanced packaging capacity [15][41]

责任编辑：安东 1月19日，今日，A股市场共有222只个股收盘价达百元以上。据此，A股百元股数量创下历史新高。从 最新收盘价来看，寒武纪-U超过1400元居首，贵州茅台以1376元位居次席，源杰科技748.29元位居第三 位。此外，摩尔线程-U、中际旭创、国盾量子、中际旭创、沐曦股份-U、北方华创等个股均超过500 元。百元股中科技新贵扎堆，收盘价前十名只有贵州茅台不属于科技板块。 股票频道更多独家策划、专家专栏，免费查阅>> ...