受益于全球半导体周期上行与自主可控加速，2026年半导体产业链持续领涨市场。上游半导体设备ETF（561980）最近3个交易日连续 获得资金净流入近2亿元，标的指数近一年涨幅97.33%，在半导体材料设备、国证芯片、芯片产业等主流半导体指数中均位列第一。 SIA最新数据显示，2025年11月全球半导体销售额为753亿美元，较10月的727亿美元+3.5%，较2024年11月的580亿美元+29.8%，创下 有史以来最高的月度销售总额，实现连续25个月同比正增长；其中中国半导体销售额为202.3亿美元，同比增长22.9%，环比增长 3.9%。 存储方面，根据国信证券，11月DRAM和NANDFlash合约价均上涨，12月DRAM现货价继续上涨。另外，TrendForce预计1Q26一般型 DRAM合约价将季增55-60%，含HBM的整体DRAM合约价将上涨50-55%，NANDFlash合约价上涨33-38%。 目前国内不少存储封测厂订单涌进，产能利用率近乎满载，近期陆续调升封测价格，上涨幅度约三成。得益于DRAM与NAND Flash大 厂冲刺出货，封测厂表示后续不排除启动第二波涨价。 中原证券指出，目前半导 ...

1月12日，多家上市公司通过互动平台、披露投资者关系活动记录表等渠道披露公司在医药、PCB等方 面最新情况： 【医药】 仁和药业：对于鼻病毒感染后引发的相关症状，公司目前有产品可供消费者对症使用 【电池】 【养殖业】 【其他】 子公司宁波南大光电ArF光刻胶的产能为50吨/年 牧原股份：公司建设超健康种猪选育平台，培育更适合中国养殖条件和市场需求的优质种猪 【PCB】 科翔股份：公司800G光模块PCB、服务器用PCB均已实现小批量供货 科翔股份：公司的PCB产品可以应用于航空航天领域 目前已有供货 通光线缆：公司是中航集团、航天科技集团等单位的主要合格供应商 陕西华达：公司深度参与星网、千帆等航天项目，已为星网二期配套产品 必创科技：公司部分产品可针对核聚变领域中的高温等离子体进行光谱学诊断 海目星：已与头部光伏电池组件厂深入研发钙钛矿叠层电池 ...

1月9日，南大光电涨3.53%，成交额82.14亿元。两融数据显示，当日南大光电获融资买入额10.64亿 元，融资偿还8.11亿元，融资净买入2.53亿元。截至1月9日，南大光电融资融券余额合计27.01亿元。 责任编辑：小浪快报 截至12月31日，南大光电股东户数12.05万，较上期减少2.20%；人均流通股5441股，较上期增加 2.25%。2025年1月-9月，南大光电实现营业收入18.84亿元，同比增长6.83%；归母净利润3.01亿元，同 比增长13.24%。 分红方面，南大光电A股上市后累计派现5.07亿元。近三年，累计派现2.93亿元。 机构持仓方面，截止2025年9月30日，南大光电十大流通股东中，易方达创业板ETF（159915）位居第 四大流通股东，持股1250.14万股，相比上期减少210.11万股。南方中证500ETF（510500）位居第五大 流通股东，持股1006.07万股，相比上期减少20.72万股。国泰中证半导体材料设备主题ETF（159516） 位居第六大流通股东，持股727.04万股，为新进股东。国联安半导体ETF（512480）位居第八大流通股 东，持股472.50万股， ...

液氩均价延续同比上涨趋势；南大光电增 持乌兰察布子公司加码电子特气布局 [Table_Invest] 评级： 增持 股票研究 /[Table_Date] 2026.01.11 [Table_Industry] 机械行业 工业气体行业周度跟踪（2026 年 1 月第 2 周） | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | 本报告导读： 数据端看，2026 年 1 月第 2 周，液氩延续同比上涨趋势；稀有气体周均价低位震荡； 事件端看，启东金宏开业；南大光电拟 7760 万元增持乌兰察布子公司股权，加大电 子特气业务布局。 投资要点： [Table_Report] 相关报告 机械行业《量产版 Atlas 亮相 CES 2026，人形机 器人产业发展持续加速》2026. ...

Core Viewpoint - The Ministry of Commerce announced an anti-dumping investigation into imported dichlorodihydrosilane from Japan, highlighting its strategic importance in China's high-tech industry chain and aiming to create a fair competitive environment for domestic industries [2]. Industry Significance - The anti-dumping investigation is expected to curb unfair trade practices, facilitating technological research and capacity release for domestic companies, thus accelerating the localization process of dichlorodihydrosilane and ensuring supply chain security for high-end industries like semiconductors and photovoltaics [2]. Overview of Dichlorodihydrosilane - Dichlorodihydrosilane, also known as dichlorosilane, is a colorless gas at room temperature and pressure, characterized by high danger and high reactivity. Its hazardous properties include flammability, toxicity, and poor thermal stability, while its high value comes from its use as a silicon source precursor in semiconductor manufacturing [5][6]. Technical Aspects - The production of dichlorodihydrosilane involves various methods, with a focus on achieving high purity to meet the stringent requirements of advanced semiconductor processes. The main methods include disproportionation, reduction, synthesis, and recovery, with disproportionation and recovery being the most widely used due to their advantages [8][9][10]. Applications - Dichlorodihydrosilane is a key material in high-tech industries, particularly in semiconductor manufacturing, where it is used in chemical vapor deposition (CVD) processes and for producing silicon-based precursors. Its applications extend to photovoltaics and the synthesis of special materials [12]. Market Dynamics - The global market for dichlorodihydrosilane is expanding steadily, driven by growth in the semiconductor industry and technological innovations in electronics. The demand is further boosted by developments in renewable energy technologies such as solar photovoltaics and electric vehicles [14][15]. Competitive Landscape - The high-end electronic-grade dichlorodihydrosilane market has been dominated by a few overseas companies, particularly Shinetsu Chemical from Japan, which holds over 50% of the global market share. However, domestic companies like Tangshan Sanfu are making strides in achieving large-scale production and quality validation for their products [17][18][19].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Group 1: Market Size and Growth Projections - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as Al-X photoresist are forecasted to grow from $2.64 billion in 2022 to $5.93 billion in 2028 [8]. - The conductive adhesive market is anticipated to reach $3 billion by 2026, indicating significant growth potential [8]. Group 2: Key Players and Competitive Landscape - Major international players in the advanced packaging materials market include Fujifilm, Toray, and Dow, while domestic companies such as Dinglong Co., Guofeng New Materials, and SanYue Technology are emerging as strong competitors [8]. - The article lists various domestic companies involved in different segments of the advanced packaging materials market, indicating a robust competitive landscape [8]. Group 3: Investment Strategies - Investment strategies vary by stage, with early-stage companies requiring thorough team and industry assessments due to high risks [10]. - As companies mature, the focus shifts to evaluating sales growth and market share, with later stages presenting lower risks and higher potential returns [10]. - The article emphasizes the importance of understanding the industry landscape and the specific needs of companies at different development stages for effective investment [10].

从资金流向上来看，当日电子化学品板块主力资金净流出9.41亿元，游资资金净流入3.26亿元，散户资金 净流入6.15亿元。电子化学品板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300285 | ■瓷材料 | 33.88 | 14.93% | 80.92万 | | 25.82亿 | | 688603 | 天承科技 | 87.51 | 8.63% | 8.03万 | | 6.95亿 | | 688150 | 莱特光电 | 28.53 | 3.67% | 13.38万 | | 3.79亿 | | 300346 | 南大光电 | 58.30 | 3.53% | 143.24万 | | 82.14亿 | | 610889 | 安集科技 | 268.50 | 1.84% | 5.51万 | | 14.47亿 | | 300684 | 中石科技 | 49.75 | 1.70% | 16.86万 | | 8.36亿 | | 688550 | 瑞联新材 | 48.12 ...

Group 1 - The A-share market's margin trading balance reached a historical high of 26,047 billion yuan as of January 7, 2026, marking a single-day increase of approximately 24.8 billion yuan [2] - Since December 22, 2025, the margin trading balance has increased by over 100 billion yuan in just 11 trading days, indicating a significant acceleration in growth [2] - On January 7, 2026, the margin trading transaction volume hit 3,312 billion yuan, the highest level in nearly three months, with a nearly 70% increase compared to the average daily margin trading volume in December 2025 [2] Group 2 - The overall trading volume in the A-share market has significantly increased, reaching 28.3 trillion yuan on January 8, 2026, with three consecutive trading days exceeding 28 trillion yuan [3] - On January 7, 2026, Nanda Optoelectronics achieved a historic trading volume of 10.43 billion yuan, which further increased to 11.36 billion yuan on January 8, setting a new record since its listing [3] - Multiple stocks, including Maiwei Co., also saw substantial trading volume increases, with Maiwei Co. reaching 4.79 billion yuan on January 8, marking a historical high [3]

Core Viewpoint - The article discusses the competitive landscape of the global electronic gases market, highlighting the dominance of companies from Europe, the United States, and Japan in this sector [3]. Group 1: Major Companies in Europe and the United States - Linde Group (Germany/Ireland) is a leading industrial gas company with a projected revenue of $33 billion for the fiscal year 2024, where electronic gases account for approximately $3 billion, or 9% of its total revenue [6]. - Air Liquide (France) anticipates a revenue of €27.058 billion for the fiscal year 2024, with electronic gases contributing around €2.4 billion, also representing 9% of its total revenue [6]. - Air Products and Chemicals (USA) reported a total revenue of $12.6 billion in 2023, focusing on the sale of industrial gases and specialty gases [6]. - Merck KGaA (Germany) has a strong position in high-purity electronic specialty gases, particularly in the semiconductor processing sector [6]. - Entegris (USA) expects a revenue of $3.2 billion in 2024, with its electronic gas revenue scale unspecified [6]. - Messer Group (Germany) has a projected revenue of €4.5 billion in 2024, with electronic gas revenue details not disclosed [6]. - Solvay (Belgium) is a leading producer of advanced materials and specialty chemicals, including electronic chemicals [6]. - REC Silicon (Norway) is a major producer of high-purity polysilicon and silane gases, with a projected revenue of $140 million in 2024 [6]. Group 2: Major Companies in Japan - Taiyo Nippon Sanso is Japan's largest industrial gas and air separation equipment manufacturer, with a projected revenue of ¥1.31 trillion for the fiscal year 2024 [7]. - Resonac (formerly Showa Denko) has electronic gas products including high-purity gases, with an expected revenue of ¥1.39 trillion in 2024 [7]. - Kanto Denka is a major supplier of fluorinated gases, focusing on semiconductor cleaning and etching processes, with an overall revenue of approximately ¥380 billion in 2023 [7]. - Sumitomo Seika offers a wide range of electronic specialty gases, with a projected revenue of ¥150 billion for the fiscal year 2025 [7]. - Iwatani Corporation specializes in rare gases and semiconductor specialty gases, contributing significantly to the electronic gas market [7]. - Central Glass focuses on high-purity fluorinated gases for semiconductor manufacturing [7]. - ADEKA Corporation has a strong position in high-end fluorinated chemicals and electronic functional materials [7]. - Daikin Industries is a major supplier of fluorinated electronic specialty gases, with significant production capacities [7]. Group 3: Major Companies in South Korea - Daesung Industrial Gases is a key supplier of electronic specialty gases, with a projected revenue of approximately 1.48 trillion KRW (around $1.12 billion) for the fiscal year 2024 [8]. - SK Specialty focuses on semiconductor gases, with major products including trifluorine and hexafluorotungsten, serving major clients like Samsung and SK Hynix [8]. - Wonik Materials is a leading manufacturer of electronic specialty gases, with a focus on ammonia and nitrous oxide [8]. - Foosung specializes in fluorinated electronic gases, particularly hexafluorotungsten and trifluorine [8]. - Hyosung TNC has a strong position in the electronic specialty gas market, particularly in trifluorine [8]. Group 4: Major Companies in China - TEAN is the largest domestic electronic specialty gas company, with a revenue of 1.695 billion CNY in 2024, covering over 80 products [9]. - Yingde Gases is a leading independent industrial gas producer, with a revenue of 16.1 billion CNY in 2021 [9]. - Jiangsu Nanda Optoelectronic Materials is a leading manufacturer of phosphine and arsine, with a revenue of 1.506 billion CNY in 2024 [9]. - Wu Hua Chemical Technology Group is a major supplier of fluorinated electronic gases, with significant production capacities [9]. - Guangdong Huate Gas is a comprehensive service provider of electronic bulk gases, with a projected revenue of 1.84 billion CNY in 2024 [9].

沪指14连阳，冲击4100点，存储器板块全天活跃，半导体产业链、煤炭爆发。焦煤、焦炭"双焦"期货强势涨停。港股恒科指一度跌超2%，科网股 普遍走低。 | 代码 | | 两日图 | 现价 | | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | | 4085.77 c | 2.11 | 0.05% | | 399001 | 深证成指 | | 14030.56 c | 8.01 | 0.06% | | 399006 | 创业板指 | | 3329.69 c | 10.40 | 0.31% | | 000300 | 沪深300 | | 4776.67 c | -14.03 | -0.29% | | 000016 | FIFF50 | 118 | 3145.12 c | -13.64 | -0.43% | | 000680 | 科创综指 | | 1746.72 c | 26.32 | 1.53% | | 000688 | 科创20 | | 1443.39 c | 14.09 | 0.99% | | 899050 | 北证50 | | 1496. ...