昨日，台积电公布2025年四季度财报，单季度营收336.7亿美元，首次突破10460.9亿新台币；净利润同比暴增35%，连续第八个季度实现同比增长；并将 2026年资本支出计划最高将达560亿美元，较2025年实际支出409亿美元大幅增长37%，创下该公司历史新高。 半导体产业链受到提振强势拉升，设备、封测服务、材料等分支均表现突出。半导体设备ETF（561980）前一交易日单日涨超4%、最新规模突破32亿元创 历史新高！资金面数据显示，半导体设备ETF（561980）昨日全天净流入7626万元；成分股方面，第一权重股中微公司、第七权重股长川科技均刷历史新 高。 东莞证券指出，随着DRAM、NAND架构向3D化方向发展，会显著提升刻蚀、薄膜沉积设备相关需求。其中，3D化驱动DRAM和NAND所对应的设备可服 务市场大致为原来的1.7倍和1.8倍；以北方华创、中微公司为代表的内资半导体设备企业有望逐步做大做强。 开源电子也认为，存储和先进逻辑的扩产增量乐观，能见度进一步提升，在产业加速的过程当中，卖铲人无疑最受益。半导体设备自主可控可能是新五年期 间确定性最高的趋势之一。 半导体设备ETF（561980）跟踪中 ...

1月16日，半导体龙头ETF（159665）开盘涨1.51%，报2.013元。半导体龙头ETF（159665）重仓股方 面，寒武纪开盘涨0.35%，中芯国际涨2.46%，海光信息涨1.08%，北方华创涨1.24%，澜起科技涨 2.14%，兆易创新涨1.99%，中微公司涨1.62%，豪威集团涨0.82%，长电科技涨2.30%，紫光国微涨 6.11%。 来源：新浪基金∞工作室 半导体龙头ETF（159665）业绩比较基准为国证半导体芯片指数收益率，管理人为工银瑞信基金管理有 限公司，基金经理为史宝珖，成立（2022-12-22）以来回报为98.90%，近一个月回报为15.57%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry in China [5] Core Insights - The demand growth driven by AI is expected to lead to price increases in certain mature processes, with wafer foundries anticipating a price hike of 5-20% for 8-inch wafers due to tightening capacity [7] - The report highlights that AI is boosting the demand for power ICs, which will continue to enhance the demand for mature process wafer foundries [7] - Domestic wafer foundries are expected to benefit from the ongoing trend of localization in the IC manufacturing industry, with companies like SMIC seeing increased market share and orders [7] Summary by Sections Investment Recommendations and Targets - The report suggests several investment targets in the semiconductor sector, including: - Wafer manufacturing companies: SMIC (688981, Buy), Huahong Semiconductor (01347, Buy), Jinghong Integrated Circuit (688249, Buy), Huarun Microelectronics (688396, Buy), Yandong Microelectronics (688172, Not Rated), and Xilian Integrated-U (688469, Not Rated) [3][8] - Semiconductor equipment companies: Zhongwei Company (688012, Buy), Northern Huachuang (002371, Buy), Tuojing Technology (688072, Buy), Shengmei Shanghai (688082, Buy), Huahai Qingke (688120, Not Rated), and Zhongke Feice (688361, Not Rated) [3][8] Market Dynamics - According to TrendForce, the global 8-inch capacity is expected to decrease by approximately 0.3% in 2025 and further by 2.4% in 2026, leading to an increase in average capacity utilization rates to 85-90% in 2026 [10] - The report indicates that the demand for power ICs will continue to grow due to the increasing computational power and energy efficiency requirements of AI applications, which will further stimulate the demand for mature process wafer foundries [7]

截至1月15日收盘，存储芯片概念上涨2.33%，位居概念板块涨幅第3，板块内，118股上涨，蓝箭电 子、矽电股份等20%涨停，康强电子、百傲化学、三孚股份等涨停，上海新阳、珂玛科技、芯源微等涨 幅居前，分别上涨16.60%、12.09%、10.63%。跌幅居前的有天奥电子、雷科防务、航宇微等，分别下 跌10.01%、9.99%、8.07%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 光刻胶 | 2.83 | 小红书概念 | -5.25 | | 中芯国际概念 | 2.59 | Sora概念(文生视频) | -4.03 | | 存储芯片 | 2.33 | 拼多多概念 | -4.03 | | 国家大基金持股 | 2.30 | Web3.0 | -3.84 | | 草甘膦 | 2.29 | 军工信息化 | -3.82 | | 磷化工 | 2.14 | 快手概念 | -3.72 | | 金属锌 | 2.12 | DRG/DIP | -3.70 | | 光刻机 | 2.05 | 短剧游戏 | -3.54 | | 同 ...

截至1月15日收盘，国家大基金持股概念上涨2.30%，位居概念板块涨幅第4，板块内，33股上涨，南大 光电、江波龙、中科飞测等涨幅居前，分别上涨10.15%、9.39%、9.20%。跌幅居前的有盛科通信、北 斗星通、机器人等，分别下跌7.11%、3.50%、2.53%。 国家大基金持股概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 301308 | 江波龙 | 9.39 | 9.05 | 90860.73 | 12.31 | | 600584 | 长电科 技 | 4.79 | 7.00 | 72079.13 | 13.37 | | 300346 | 南大光 电 | 10.15 | 23.70 | 63058.93 | 6.71 | | 002371 | 北方华 创 | 2.72 | 1.73 | 48827.43 | 7.91 | | 688012 | 中微公 司 | 5.28 | 2.84 | 4462 ...

证券之星消息，1月15日半导体板块较上一交易日上涨1.74%，蓝箭电子领涨。当日上证指数报收于 4112.6，下跌0.33%。深证成指报收于14306.73，上涨0.41%。半导体板块个股涨跌见下表： 从资金流向上来看，当日半导体板块主力资金净流入54.81亿元，游资资金净流出22.98亿元，散户资金净 流出31.84亿元。半导体板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 301308 | 江波龙 | | 9.31 G | 12.61% | -5.18 Z | -7.02% | -4.13 Z | -5.59% | | 600584 | 长电科技 | | 6.97 Z | 12.92% | -2.09亿 | -3.88% | -4.87 Z | -9.04% | | 002371 | 北方华创 | | 5.01 亿 | 8.12% | -5.00 亿 | -8.10% ...

Core Viewpoint - The semiconductor equipment sector is experiencing significant growth, driven by domestic substitution and self-sufficiency trends, particularly in light of recent U.S. tariffs on semiconductor imports [1][2]. Group 1: Market Performance - The semiconductor equipment ETF (561980) saw a 2.89% increase, with a trading volume exceeding 200 million yuan, and a net inflow of over 137 million yuan in the last five trading days [1]. - Key stocks such as Shanghai Xinyang and Sanjia Technology hit the daily limit, with Shanghai Xinyang rising over 13%, and other significant gains from companies like Zhongwei and Nanda Optoelectronics [1]. Group 2: Impact of Tariffs - The U.S. announced a 25% import tariff on certain semiconductor products starting January 15, 2026, which is expected to create a stronger "acceleration substitution" window for domestic semiconductor equipment [1]. - The direct impact of these tariffs on domestic semiconductor equipment is considered limited, but they may increase supply chain uncertainties [1]. Group 3: Industry Trends - The rise of domestic storage chip manufacturers is reshaping the global pricing cycle, reducing import dependency, and enhancing supply chain security [2]. - The storage chip segment accounts for approximately 30% of the integrated circuit market, indicating significant growth potential for upstream semiconductor equipment [2]. Group 4: Future Outlook - The global storage industry is entering a new upcycle driven by AI demand for high-performance storage products, with significant growth expected in etching and thin-film deposition equipment due to the shift towards 3D architectures [3]. - Domestic semiconductor equipment companies like North Huachuang and Zhongwei are anticipated to strengthen their market positions as demand increases [3]. Group 5: ETF Composition - The semiconductor equipment ETF focuses on the "selling shovels" segment of the chip industry, with over 90% of its composition in semiconductor equipment, materials, and design [4]. - The index has shown a maximum increase of over 640% since the last semiconductor upcycle, outperforming similar indices [4].

Core Viewpoint - The State-Owned Enterprise Reform Index (399974) closed at 1990.41 points, down 0.53%, with a trading volume of 297.446 billion yuan and a turnover rate of 1.42% [1] Group 1: Index Performance - On the day, 27 stocks in the index rose, with Guangdian Yuntong leading with a 5.19% increase, while 72 stocks fell, with Dongfang Electric leading the decline at 2.99% [1] - The top ten constituent stocks of the State-Owned Enterprise Reform Index are detailed, showing varying performance across sectors such as non-ferrous metals, banking, and electronics [1] Group 2: Stock Details - Key stocks include Zijin Mining with a weight of 3.25% and a price of 38.50 yuan, up 0.68%, and Industrial Bank with a weight of 2.99% and a price of 20.51 yuan, down 2.38% [1] - Other notable stocks include CITIC Securities, North Huachuang, and China Merchants Bank, with respective price changes of -1.12%, +0.63%, and -2.58% [1] Group 3: Capital Flow - The net outflow of main funds from the constituent stocks totaled 16.187 billion yuan, while retail investors saw a net inflow of 10.455 billion yuan [3] - Notable capital flows include a net inflow of 6.22 million yuan for BOE Technology Group, despite a net outflow from other stocks like China Great Wall and Hikvision [3]

证券代码：002371 证券简称：北方华创 公告编号：2026-004 北方华创科技集团股份有限公司 关于 2025 年员工持股计划开户完成的公告 截至本公告日，公司 2025 年员工持股计划的证券账户已经开立完成，具体 情况如下： 1. 账户名称：北方华创科技集团股份有限公司—2025 年员工持股计划； 2. 账户号码：0899521323； 3. 开户时间：2026 年 1 月 14 日。 截至本公告日，公司 2025 年员工持股计划尚未持有公司股票。公司将持续 关注本次员工持股计划的实施进展情况，严格按照相关规定及时履行信息披露义 二、备查文件 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 北方华创科技集团股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第八届董事会第二十八次会议，于 2025 年 12 月 8 日召开 2025 年第三次 临时股东大会，审议通过了《关于<北方华创科技集团股份有限公司 2025-2027 年 员工持股计划（草案）>及其摘要的议案》《关于<北方华创科技集团股份有限 公司 2025-2027 年员工 ...

1月14日上午，存储器与半导体设备"卷土重来"！受益于存储"超级周期"首份年报预增超500%提振，多家存储公司开盘大涨。上游半导体设备由于核心受益 于存储需求高增，目前多股拉升。 高"设备"含量——半导体设备ETF（561980）盘中拉涨3.26%，实时成交额超1.4亿元，近期基金规模刚创新高。目前权重股中微公司涨超4%，海光信息涨超 6%，拓荆科技、长川科技涨超5%，寒武纪、北方华创、中芯国际、南大光电等涨超1%；成份股江丰电子、珂玛科技等持续拉升。 消息面上，美国放宽了H200芯片出口到中国的监管规定，此前已"条件性"允许向中国出售H200人工智能芯片。关于H200的放开，多家机构认为对国产算力 产业链影响非常有限，反而会提振国产替代信心。 此外，存储超级周期下的首份年报预告出炉，预计2025年净利润将大幅同比增长427.19%-520.22%，提振板块情绪。 从产业链来看，存储芯片属于半导体设备空间最大的下游市场之一。2025年-2026年存储价格持续上涨，TrendForce预估2026Q1一般型DRAM合约价还会季 增55-60%，Server DRAM价格季增逾60%，NANDFlash各类产品合 ...