Core Viewpoint - The storage chip sector experienced a significant rally, with multiple companies reaching their daily price limits, indicating strong market interest and potential investment opportunities in this industry [1] Group 1: Company Performance - Jin Sun (300606) and Xingsen Technology (002436) hit the daily limit up, showcasing robust investor confidence [1] - Yingfang Micro (000670), Zhizheng Co. (603991), Dagang Co. (002077), and Tongfu Microelectronics (002156) also reached their daily limit up, reflecting a broader trend in the storage chip market [1] - Zhaoyi Innovation (603986) surged over 6%, achieving a new historical high, indicating strong growth potential [1] Group 2: Market Trends - The overall performance of the storage chip sector is highlighted by the significant price increases of various companies, suggesting a bullish sentiment in the market [1] - Other notable performers include Saiteng Co. (603283), Unisoc (002049), and China Electric Port (001287), which also showed substantial gains, further emphasizing the positive momentum in the industry [1]

Group 1 - The core viewpoint of the news is that Xingsen Technology's stock has shown significant growth this year, with a 12.09% increase since the beginning of the year and a notable 23.59% increase over the past 20 days [2] - As of January 20, Xingsen Technology's stock price was 23.73 yuan per share, with a market capitalization of 403.33 billion yuan and a trading volume of 7.52 billion yuan [1] - The company's main business segments include PCB (Printed Circuit Board) at 71.45%, IC packaging substrate at 21.09%, and semiconductor testing board at 3.17% [2] Group 2 - For the fiscal year 2025 (January to September), Xingsen Technology reported a revenue of 5.373 billion yuan, representing a year-on-year growth of 23.48%, and a net profit attributable to shareholders of 131 million yuan, which is a remarkable increase of 516.08% [2] - The company has distributed a total of 1.129 billion yuan in dividends since its A-share listing, with 270 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [3]

Group 1 - The core viewpoint of the article is that the company is making steady progress in expanding its FCBGA packaging substrate business and customer certification, with no abnormalities found in the substrate based on feedback from testing results [1] - The company has adequately prepared for mass production in terms of capacity scale and product yield, with the pace of large-scale production primarily dependent on industry demand recovery, customer mass production progress, and supplier management strategies [1]

Market Overview - The component sector experienced a decline of 0.19% on January 19, with Jingwang Electronics leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Top Gainers in the Component Sector - Huazheng New Materials (603186) saw a closing price of 63.81, with a significant increase of 10.00% and a trading volume of 164,700 shares, totaling a transaction value of 1.025 billion [1] - Jin'an Guoji (002636) closed at 20.37, up 9.99%, with a trading volume of 306,300 shares and a transaction value of 616 million [1] - Tongfeng Electronics (600237) increased by 7.00% to close at 10.86, with a trading volume of 811,800 shares [1] Top Losers in the Component Sector - Jingwang Electronics (603228) closed at 68.60, down 4.62%, with a trading volume of 293,900 shares [2] - Dongshan Precision (002384) decreased by 3.14% to close at 77.81, with a trading volume of 406,700 shares [2] - Shengyi Electronics (688183) saw a decline of 2.93%, closing at 95.00, with a trading volume of 135,100 shares [2] Capital Flow Analysis - The component sector experienced a net outflow of 506 million from main funds, while retail investors saw a net inflow of 488 million [2][3] - Notable net inflows from retail investors were observed in several companies, including Xingsen Technology (002436) with a net inflow of 34.3 million [3] - Jin'an Guoji (002636) had a significant retail net inflow of 183 million, despite a main fund outflow of 92.6 million [3]

Core Viewpoint - The company is making steady progress in expanding its FCBGA packaging substrate business, with customer certification and market development on track [1] Group 1: Business Development - The company has reported that the feedback from testing results shows no abnormalities in the substrates [1] - The company is fully prepared for mass production in terms of capacity scale and product yield [1] Group 2: Production and Market Factors - The pace of large-scale mass production primarily depends on the recovery of industry demand, the customer's own mass production progress, and their supplier management strategies [1]

Core Viewpoint - The company emphasizes its capabilities in CoWoP packaging technology and products, which are primarily applied in high-speed server architectures [1] Group 1: Company Developments - The company actively focuses on the research and development of new products, technologies, and processes [1] - The company is keen to seize new opportunities arising from industry development trends [1]

Core Viewpoint - The company, Xingsen Technology, emphasizes its capabilities in CoWoP packaging technology and products, targeting high-speed server architecture as a primary application area [1] Group 1 - The company possesses technology and products related to CoWoP packaging [1] - The main application areas for the company's technology include high-speed server architecture [1] - The company places a high priority on the research and development of new products, technologies, and processes [1]

证券日报网讯1月13日，兴森科技（002436）在互动平台回答投资者提问时表示，截至2026年1月9日， 公司股东总户数为10.2万余户。 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the domestic computing power industry, including Cambrian (688256) and SMIC (0981.HK) [7][12]. Core Insights - The report emphasizes the certainty of investment opportunities in the domestic computing power sector, driven by the upcoming release of the new generation of computing power chips, represented by H Company’s 950 series, which will enter mass production in the first quarter [5][6]. - The domestic computing power industry is expected to see significant growth, with ByteDance projected to invest 150 billion in global computing power procurement in 2026, of which 60-65 billion is expected to be allocated domestically, with over 40 billion for domestic computing power [6]. - The report suggests that the impact of the H200 release on the domestic computing power industry will be limited, as the primary application scenarios differ from those of domestic solutions [6]. Summary by Sections Supply Side - The domestic computing power sector has faced challenges due to U.S. restrictions on advanced semiconductor processes and key materials. However, breakthroughs are anticipated starting in the second half of 2025, with improved collaboration between chip design companies and foundries expected to enhance production yields by 2026 [5][6]. - The report highlights the optimization of the supply chain and the collaboration between hardware and software, which has significantly improved the usability of domestic computing power in AI inference scenarios [5]. Demand Side - The demand for computing power in 2026 is becoming clearer, with major internet companies like Alibaba and Tencent also planning significant investments in domestic computing power [6]. - The report notes that the three major telecom operators are expected to increase their procurement of domestic computing power to meet the growing demand from AI applications [6]. Key Companies to Watch - The report recommends focusing on Cambrian (688256) as a representative of domestic computing power card suppliers and SMIC (0981.HK) as a leading foundry. Additionally, attention is drawn to Huahong Semiconductor (1347.HK) for its advancements in advanced processes [7]. - The report also suggests monitoring companies related to domestic IC substrates due to supply bottlenecks caused by shortages of upstream materials, recommending companies like Shenzhen South Circuit (002916) and Pengding Holdings (002938) [7]. Overseas Computing Power Industry - The report observes a shift in the driving force of AI computing power from training large models to deploying inference applications, with companies like Google leading advancements in model capabilities [8][9]. - The report anticipates continued high growth in AI application-driven computing power demand, with major companies expected to double their computing power every six months over the next few years [10].

1、本次股份质押基本情况 证券代码：002436 证券简称：兴森科技 公告编号：2026-01-001 深圳市兴森快捷电路科技股份有限公司 关于控股股东部分股份质押及解除质押的公告 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。 深圳市兴森快捷电路科技股份有限公司（以下简称"公司"）于近日接到控股股东、实际控 制人邱醒亚先生的通知，获悉其将所持有的部分公司股份办理了质押及解除质押手续。具体事项 如下： 一、股东股份质押及解除质押基本情况 | | 是否为控股 股东或第一 | 本次质押股份 | 占其所持 | 占公司 | 是否 | 是否 为补 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | | | | 总股本 | 为限 | | 质押开始日期 | 质押到期日 | 质权人 | 用途 | | 名称 | 大股东及其 | 数量（股） | 股份比例 | 比例 | 售股 | 充质 | | | | | | | 一致行动人 | | | | | 押 | | | | ...