【导读】百亿私募最新持仓曝光 2025年A股上市公司半年报收官，多家百亿私募最新调仓动向浮出水面。 今年二季度，高毅资产邓晓峰加仓紫金矿业（601899）、云铝股份（000807），冯柳新买进新城控股（601155）、太极集团（600129）；睿郡资产董承非 新买进扬杰科技（300373）、兔宝宝（002043）；杨东掌舵的宁泉资产新买进天壕能源（300332）；景林资产加仓石基信息（002153）；中国人寿 （601628）与新华保险（601336）联合创设的国丰兴华鸿鹄志远二期私募基金（以下简称鸿鹄基金）新买进中国神华（601088）、中国石油（601857）。 高毅冯柳新买进新城控股、太极集团 半年报显示，截至今年6月末，高毅资产资深基金经理冯柳管理的高毅邻山1号远望基金现身12家A股上市公司的前十大流通股东名单，合计持有市值达到 154.46亿元。 | | | 高毅资产冯柳2025年二季度末持仓 | | | | --- | --- | --- | --- | --- | | 证券简称 | 私募产品名称 | 期末参考市 | 持股数量 | 持股数量变动 | | | | 值(亿元) | (万股) | | | ...

百亿级私募持仓曝光 把握上市公司业绩确定性调仓换股 ◎记者 马嘉悦 洲明科技半年报业绩显示：上半年该公司实现营业收入36.58亿元，同比增长7.38%；归母净利润1.21亿 元，同比增长20.61%。 资料显示，洲明科技是一家全球化运营的LED显示屏企业。据其披露的半年报，该公司LED+AI系列产 品已正式上线，在京东、抖音、小红书等线上平台推出AI端侧创新产品，加速LED+AI商业化落地。 同样偏爱电子板块的，还有睿郡资产。 近日扬杰科技发布的半年报显示，截至二季度末，睿郡资产旗下产品持有该公司股份255.3万股，新进 该公司前十大流通股股东名单。据扬杰科技半年报，公司上半年实现营业收入34.55亿元，同比增长 20.58%；归母净利润6.01亿元，同比增长41.55%。扬杰科技上半年业绩亮眼，主要得益于公司汽车电子 与AI营收大幅增长，取得多个行业龙头客户认证及订单。 此外，截至二季度末，淡水泉旗下产品也持有电子板块标的生益科技，期末持股市值达2.7亿元，持股 数量相较一季度末不变。 上市公司半年报，曝光了百亿级私募截至今年6月末的调仓动向。 私募排排网数据显示，截至8月26日，共有27家百亿级私募旗下产 ...

Core Insights - The A-share semiconductor sector has shown strong upward momentum, with the Wind Semiconductor Select Index rising over 6% on August 27, driven by robust earnings reports from key companies [1] - Cambricon Technologies (688256.SH) reported a significant revenue increase of 4347.82% year-on-year, reaching 2.881 billion yuan, and turned a profit of 1.038 billion yuan, surpassing expectations [1][4] - A total of 86 semiconductor companies have disclosed their half-year financial results, with 54 reporting year-on-year profit growth, indicating a mild recovery in the semiconductor industry, albeit with notable structural differences [1][5] Financial Performance - Sixteen companies achieved profit growth exceeding 100%, with some exceeding 1000%. For instance, Taiji Technology (300046.SZ) reported a profit increase of 3789.4% [4] - Silan Microelectronics (600460.SH) and Jingrui Materials (300655.SZ) also reported profit growth exceeding 1000%, indicating a strong recovery in their respective sectors [4] - Overall, 76 semiconductor companies reported a total profit of 8.87 billion yuan, down from 9.71 billion yuan in the same period last year, suggesting a trend of "mild recovery" [6][8] Market Trends - The semiconductor industry is experiencing a structural recovery, particularly in high-performance storage chips, automotive electronics, and industrial control chips, while the consumer market is recovering at a slower pace [6][9] - Companies like Jingrui Materials and Yangjie Technology (300373.SZ) reported significant profit growth due to increased demand in automotive electronics and AI applications [6][10] - The demand for automotive electronics is notably rising, with companies like Jingfang Technology (603005.SH) benefiting from the growth in the automotive smart chip market [10] Structural Opportunities - Despite the overall positive trends, some companies are lagging, with nine firms reporting profit declines exceeding 100%, indicating internal disparities within the industry [8] - Companies such as Mingwei Electronics (688699.SH) and Deep Kangjia (000016.SZ) cited intensified competition in the consumer electronics sector as a reason for their poor performance [8][9] - The semiconductor industry is witnessing a structural opportunity, particularly in network communication, storage, industrial chips, and automotive chips, aligning with the performance of various industry segments [10][11]

Core Insights - The power semiconductor industry in China has developed a complete ecosystem with leading companies specializing in various segments, including IGBT modules, diodes, and traditional devices, contributing to the import substitution process in key areas like automotive electronics and renewable energy [1][8]. Company Overview - New Energy and Stada Semiconductor focus on IGBT modules, leading in the renewable energy sector [1]. - Jiejie Microelectronics and Suzhou Good focus on diodes and thyristors, serving home appliances and industrial automation markets [1]. - Huazhong Microelectronics and Silan Microelectronics are IDM leaders covering the entire industry chain [1]. - Wentai Technology has expanded into automotive-grade products through the acquisition of Anshi Semiconductor [1]. - Yangjie Technology leads in discrete devices, while Dongwei Semiconductor and Hongwei Technology focus on high-end MOSFET and IGBT research [1]. - Pairui Technology specializes in high-voltage devices, and Zhenhua Technology and Huami Electronics have advantages in military and industrial sectors [1]. - Galaxy Microelectronics, Xindao Technology, and Kaiweite focus on miniaturized devices in niche markets [1]. Performance Comparison - In Q1 2025, most power semiconductor companies reported gross margins between 10% and 45%, indicating good profitability [5]. - Wentai Technology led in revenue with 13.1 billion yuan, although its year-on-year growth rate declined [5]. - Pairui Technology achieved the highest gross margin at 58.4%, showcasing its cost control and efficiency [5]. Revenue and Gross Margin Data - New Energy reported Q1 2025 revenue of 450 million yuan with a gross margin of 36.6% [6]. - Jiejie Microelectronics had revenue of 700 million yuan and a gross margin of 39.9% [6]. - Huazhong Microelectronics reported 2.35 billion yuan in revenue with a gross margin of 25.3% [6]. - Wentai Technology's revenue was 13.1 billion yuan with a gross margin of 14.0% [6]. - Silan Microelectronics had revenue of 3 billion yuan and a gross margin of 21.3% [6]. - Stada Semiconductor reported 920 million yuan in revenue with a gross margin of 30.4% [6]. - Suzhou Good achieved 900 million yuan in revenue with a gross margin of 10.8% [6]. - Yangjie Technology reported 1.58 billion yuan in revenue with a gross margin of 34.6% [6]. - Galaxy Microelectronics had revenue of 220 million yuan and a gross margin of 24.0% [6]. - Pairui Technology's revenue was 30 million yuan with a gross margin of 58.4% [6]. - Hongwei Technology reported 300 million yuan in revenue with a gross margin of 16.4% [6]. - Dongwei Semiconductor achieved 280 million yuan in revenue with a gross margin of 13.6% [7]. - Taiji Technology reported 70 million yuan in revenue with a gross margin of 29.0% [7]. - Zhenhua Technology had revenue of 910 million yuan and a gross margin of 42.5% [7]. - Huami Electronics reported 640 million yuan in revenue with a gross margin of 28.0% [7]. Regional Distribution - Domestic sales dominate, with most companies having over 70% of their sales in China, except Wentai Technology, which has a balanced global presence [8]. - The East and South China regions are core areas for companies like Stada Semiconductor, Silan Microelectronics, and New Energy, while North and Central China focus on industrial and power applications [8]. - Companies like Zhenhua Technology and Huami Electronics leverage local bases to expand into surrounding areas [8]. Future Business Plans - The industry aims to build competitive barriers through capacity expansion, automotive certification, and domestic substitution [16]. - Leading companies are accelerating the expansion of automotive-grade IGBT modules and focusing on the photovoltaic storage market [16]. - Companies are also enhancing their technology capabilities, with a focus on 12-inch wafer production and third-generation semiconductor layouts [16].

（文章来源：证券日报） 证券日报网讯 8月26日晚间，扬杰科技发布公告称，公司第五届董事会第十九次会议审议通过了《关于 变更董事会秘书的议案》等。 ...

每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 （记者 胡玲） 每经AI快讯，扬杰科技（SZ 300373，收盘价：62.05元）8月26日晚间发布公告称，公司第五届第十九 次董事会会议于2025年8月25日在江苏省扬州市邗江区新甘泉路68号公司5号厂区办公楼三楼会议室以通 讯方式召开。会议审议了《关于聘任公司证券事务代表的议案》等文件。 2024年1至12月份，扬杰科技的营业收入构成为：电子元器件占比97.65%，其他业务占比2.35%。 截至发稿，扬杰科技市值为337亿元。 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-066 扬州扬杰电子科技股份有限公司 第五届董事会第十九次会议决议公告 审议结果：9 票同意，0 票反对，0 票弃权。 二、审议通过了《关于聘任公司证券事务代表的议案》 同意聘任魏玥迪女士为公司证券事务代表，任期自本次董事会审议通过之日 起至第五届董事会届满为止。 董事会秘书、证券事务代表联系方式如下： 1 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、误导性陈述或重大遗漏。 扬州扬杰电子科技股份有限公司（以下简称"公司"或"扬杰科技"）于 2025 年 8 月 21 日以电子邮件和电话的方式发出关于召开公司第五届董事会第十九次 会议的通知，会议于 2025 年 8 月 25 日下午 18：00 在江苏省扬州市邗江区新甘 泉路 68 号公司 5 号厂区办公楼三楼会议室以通讯方式召开。 本次会议应到董事 9 人，实到董事 9 人。会议由董事长梁勤女士主持，公司 部分监事、高级管理人员列席了会议。本次会议的召开符合《中华人民共和国公 司法》和《公司章程》的有关规定。经与会董事审议，形成如下决议： 一、审议通过了《关于变更董 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-065 扬州扬杰电子科技股份有限公司 关于变更董事会秘书的公告 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、 误导性陈述或重大遗漏。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开了第 五届董事会第十九次会议，审议通过了《关于变更董事会秘书的议案》，因工作调整原 因，范锋斌先生不再担任公司董事会秘书职务，继续在公司及子公司担任其他职务。经 董事长提名，董事会提名委员会审核，同意聘任秦楠女士（简历详见附件）为公司董事 会秘书，任期自本次董事会审议通过之日起至第五届董事会届满为止。 范锋斌先生原定任期至公司第五届董事会任期届满之日。截至本公告披露日，范锋 斌先生直接持有公司股份 20,000 股，占公司总股本的 0.0037%。范锋斌先生不存在应当 履行而未履行的承诺事项，所持公司股份将依据《中华人民共和国公司法》《深圳证券 交易所创业板股票上市规则》《上市公司董事和高级管理人员所持本公司股份及其变动 管理规则》等法律法规的规定进行管理。范锋斌先生的董事会秘书工作已顺利交接，公 司董 ...

Group 1 - The article highlights the recent investment activities of several prominent private equity firms in the A-share market, particularly focusing on consumer stocks and other sectors [1][4][11] - The investment by the Ge family in Kuaijishan marks a rare shift towards consumer stocks, as they have previously favored technology and growth sectors [2][3][4] - Kuaijishan's stock price saw a significant increase of 93.19% in Q2, rising from approximately 11 CNY per share to a peak of 26.39 CNY [4][6] Group 2 - Ge Weidong holds 4.97 million shares of Kuaijishan, valued at approximately 99 million CNY, while his sister holds 13.80 million shares valued at around 275 million CNY [2][3] - High Yi Asset's Feng Liu has entered the top ten shareholders of Taiji Group with 20 million shares, valued at 426 million CNY, while also increasing stakes in Longbai Group and Angel Yeast [8][9] - Taiji Group reported a significant decline in revenue and net profit for the first half of the year, with total revenue of 5.658 billion CNY, down 27.63%, and net profit of 139 million CNY, down 71.94% [9][10] Group 3 - Ningquan Asset, led by Yang Dong, has newly invested in Tianhao Energy, holding 14.56 million shares valued at 74 million CNY, and increased its position in Zhouming Technology [11][12] - Rui Jun Asset's Dong Chengfei has newly invested in Yangjie Technology and Rabbit Baby, with holdings valued at 133 million CNY and 59 million CNY respectively [11][13] - Renqiao Asset's Xia Junjie has increased holdings in New Classic and Su Keng Agricultural Development, with total shares valued at 44 million CNY and 140 million CNY respectively [11][14]

Group 1: Investment Activities of Notable Private Equity Firms - The Ge family, led by Ge Weidong, has made a rare investment in consumer stocks, specifically entering the shareholder list of Huangjiu brand Kuaijishan [1][5] - Gao Yi Asset's Feng Liu has newly invested in Taiji Group, holding 20 million shares valued at 426 million yuan, while also increasing positions in Longbai Group and Angel Yeast [1][11] - Ningquan Asset, managed by Yang Dong, has entered the shareholder list of clean energy company Tianhao Energy, holding 14.56 million shares valued at 74 million yuan [1][13] - Rui Jun Asset's chief researcher Dong Chengfei has newly invested in power semiconductor company Yangjie Technology and decorative board leader Tubao, while reducing holdings in Chipongwei [1][14] - Renqiao Asset's Xia Junjie has increased positions in New Classics and Su Kuan Agricultural Development, holding 2.29 million shares valued at 44 million yuan and 14.22 million shares valued at 140 million yuan respectively [1][15] Group 2: Financial Performance of Kuaijishan - Kuaijishan reported a revenue of 817 million yuan for the first half of the year, representing a year-on-year growth of 11.03%, with a net profit of 93.88 million yuan, up 3.41% [1][7] - The stock price of Kuaijishan surged from approximately 11 yuan per share to a peak of 26.39 yuan per share during the second quarter, resulting in an overall increase of 93.19% [1][5] Group 3: Financial Performance of Taiji Group - Taiji Group reported total revenue of 5.658 billion yuan for the first half of the year, a year-on-year decline of 27.63%, with a net profit of 139 million yuan, down 71.94% [1][11]