证券日报网2月25日讯，赛微电子（300456）在接受调研者提问时表示，瑞典产线运营了25年，产品及 客户类别丰富，工艺开发业务占比较高，且由于折旧摊销压力较小，MEMS业务的整体毛利率高于仍比 较"年轻"的北京产线。虽然MEMS晶圆制造业务在当前阶段的毛利率较低，但北京产线MEMS工艺开发 业务的毛利率却并不必然低于瑞典产线。MEMS产线的工艺、运营状况及毛利率水平，本质上取决于市 场订单需求。基于智能传感时代多点迸发的基础器件需求以及国产替代的时代背景，公司对北京产线业 务在中长期的毛利率水平持有信心。 ...

证券日报网2月25日讯，赛微电子（300456）在接受调研者提问时表示，与IC产线的标准化流程不同， MEMS产线涉及晶圆类别众多、工艺及材料纷繁复杂。公司北京FAB3产线当前的主要工作在于，积极 推动硅麦克风、BAW滤波器、MEMS微振镜、MEMS高频器件等产品的量产爬坡，以及MEMS气体、 生物芯片、加速度计、惯性IMU、温湿度、MEMS-OCS、硅晶振等产品的风险试产；同时陆续推动微 流控、压力、磁性传感、3D硅电容等MEMS芯片、器件及模块的工艺开发；未来随着客户及订单需求 的持续增加，公司需要更加重视工艺及良率提升，特别关注保障产能爬坡过程中的一致性及稳定性，推 动产能利用率的持续提升。另外，由于MEMS行业高度定制化、验证试产之后才有量产的客观规律， MEMS产线将根据晶圆系列规划陆续有针对性地扩充产能，产能利用率也一般低于CMOS产线，同时在 一定时期往往存在"产能等待订单"的状态。公司客观看待北京MEMS产线所处发展阶段，既理解短期较 低的产能利用率水平，又对中长期产能利用率的持续提高充满信心。 ...

证券代码：300456 证券简称：赛微电子 北京赛微电子股份有限公司 投资者关系活动记录表 编号：2026-001 投资者关系活动 类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ■现场参观 □其他 参与单位名称及 人员姓名 淡水泉基金 叶智深 孝庸基金 李跃博 领丰资本 李健 腾飞资本 吴雪梅 时间 2026 年 2 月 25 日 14:00-16:00 地点 北京经济技术开发区科创八街 21 号院 赛微电子北京 MEMS 产业基地五楼会议室 上市公司接待 人员姓名 董事、总经理、董事会秘书：张阿斌 证券事务部负责人：徐永文 证券投关高级经理：刘妍君 投资者关系活动 主要内容介绍 第一部分：公司介绍 上市公司介绍了公司的基本情况、发展历程、核心业务、 产业角色、全球化布局、发展战略、商业模式、竞争格局等。 赛微电子专注 MEMS 芯片制造主业，持续提升境内外产线的产 能利用率及良率。公司看好万物互联与人工智能背景下智能传 感芯片行业的未来发展空间，同时对自身的 MEMS 芯片制造工 艺及综合竞争实力充满信心。 公司组织安排了北京 FAB3 产线洁净间参观活动。 第二部 ...

在业绩预告公布前，赛微电子股价曾经历波动。例如，2月9日单日上涨7.71%，但2月13日下跌4.82。根 据资金流向数据，2月5日主力资金净流出4.91亿元，而2月9日虽净流入2.54亿元，但后续仍呈现震荡。 这反映部分资金可能提前布局业绩预告利好，并在消息公布后兑现收益，导致股价回调。 行业与风险分析 尽管全球MEMS市场长期增长稳健(如Yole预测2030年规模达192亿美元)，但赛微电子在高端代工领域面 临国际巨头竞争，且国产化替代进程受客户认证周期制约。同时，半导体板块近期整体回调(如申万半 导体指数上周跑输大盘6.70个百分点)，可能放大个股波动。 经济观察网赛微电子（300456）2025年业绩预告显示其归母净利润同比大幅扭亏，但增长主要依赖出售 子公司股权的一次性收益，扣非后亏损扩大，主营业务收入下滑，核心产线产能利用率偏低，叠加行业 竞争及板块调整，市场对其盈利可持续性存疑，导致股价回调。 业绩经营情况 根据公司2025年业绩预告，其归母净利润预计为14.14亿元至15.04亿元，同比扭亏为盈，增幅高达932% 至985。然而，这一增长主要源于出售子公司瑞典Silex控股权产生的非经常性损益约 ...

Core Insights - The MEMS industry is undergoing an unprecedented wave of consolidation, marking a shift from chaotic growth to a structured reorganization, indicating a significant reshaping of the industry landscape [5][8][13]. Group 1: Recent Mergers and Acquisitions - STMicroelectronics acquired NXP's MEMS sensor business, focusing on automotive and industrial applications, to enhance its market position and expand into high-value segments [5][6]. - Infineon plans to acquire ams OSRAM's non-optical sensor product line for €570 million, aiming to strengthen its sensor portfolio and target emerging markets like humanoid robotics [6][10]. - SiTime's $1.5 billion acquisition of Renesas Electronics' timing business highlights the importance of timing technology in MEMS, with expected revenue generation of approximately $300 million within a year post-acquisition [7][10]. - Qorvo divested its MEMS sensor assets for $21.5 million to focus on its core RF and connectivity technologies, optimizing its asset structure [7][8]. Group 2: Market Dynamics and Growth Areas - The MEMS market is experiencing a bifurcation, with consumer electronics facing saturation and intense competition, while automotive, industrial, medical, and humanoid robotics sectors are witnessing explosive growth [11][12]. - Automotive applications are projected to become the fastest-growing segment, driven by electrification and advanced driver-assistance systems, with the number of MEMS devices per vehicle expected to exceed 70 [12][13]. - The industrial MEMS market is anticipated to surpass $10 billion by 2026, fueled by predictive maintenance and automation trends [12][13]. - The global MEMS market is forecasted to grow from over $15.4 billion in 2024 to over $33 billion by 2036, indicating strong demand in high-value applications [12][13]. Group 3: Industry Trends and Future Outlook - The ongoing consolidation is expected to continue, with more small to medium-sized MEMS companies likely to be acquired or divested, leading to increased industry concentration [27][28]. - Domestic MEMS companies in China are positioned to transition from "replacement" to "breakthrough," focusing on niche markets and enhancing their competitive edge [28][29]. - The competition in the MEMS industry is fundamentally about "technology + scale," with successful companies needing to balance both aspects to thrive [25][30]. - The integration of advanced technologies such as AI and new materials is driving the evolution of MEMS from standalone sensors to intelligent systems, creating new value propositions [14][15].

2月11日，赛微电子大宗交易成交6万股，成交额315.96万元，占当日总成交额的0.14%，成交价52.66元，较市场收盘价52.66 元持平。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交星 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2026-02-11 | 300456 | 赛微电子 | 52.66 | 6.00 | 315.96 机构专用 | | 中国国际金融股份 | | | | | | | | | 有限公司深圳分公 | | | | | | | | | 크 | ...

Core Insights - The rapid growth of AI computing is driving an explosive demand for high-speed optical interconnect solutions, positioning companies in the CPO (Co-Packaged Optics) sector as key players in the industry [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54]. Company Summaries - **Guangzhou Technology (光库科技)**: Based in Shenzhen, focuses on high-speed optical engines and silicon photonics integration, providing critical components for CPO. The company has developed self-researched high-speed optical engines and silicon photonics technology, achieving efficient co-packaging of optical and switching chips, and has partnered with leading computing firms for products compatible with 800G and above [1][31]. - **Tianfu Communication (天孚通信)**: Located in Suzhou, it is a global leader in optical communication precision devices, with a full industry chain advantage in passive optical devices, optical engines, and CPO components. The company has developed self-researched optical engines and co-packaged components, achieving efficient integration of optical and switching chips, and has deep collaborations with major computing firms [2][31]. - **Taicheng Light (太辰光)**: Headquartered in Shenzhen, it specializes in optical communication devices and system integration, with a focus on high-speed optical modules and CPO components. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips, and has partnered with leading computing firms [3][31]. - **Dongtian Micro (东田微)**: Based in Yichang, it is a leader in optical materials and optical components, focusing on optical filters and CPO core optical components. The company has developed self-researched high-speed optical engine core optical components, enhancing optical interconnect efficiency and integration, and has partnered with leading computing firms [4][33]. - **Changxin Bochuang (长芯博创)**: Located in Beijing, it is a leader in optical communication chips and modules, with a focus on optical chips and CPO core components. The company has developed self-researched high-speed optical engines and co-packaged components, achieving efficient integration of optical and switching chips, and has partnered with leading computing firms [5][34]. - **Saiwei Electronics (赛微电子)**: Based in Beijing, it is a global leader in MEMS sensors and semiconductors, with a focus on MEMS processes, optical chips, and CPO core components. The company has developed optical engines and co-packaged components leveraging MEMS process advantages, enhancing optical interconnect efficiency and integration [6][35]. - **Changfei Fiber (长飞光纤)**: Headquartered in Wuhan, it is a global leader in optical fiber and cable, with a full industry chain advantage in optical fiber, optical modules, and CPO optical transmission links. The company has developed self-researched high-speed optical modules and optical transmission link components, achieving efficient transmission and integration of optical signals [7][36]. - **Zhaochi Shares (兆驰股份)**: Based in Shenzhen, it is a leader in consumer electronics and semiconductors, focusing on LED chips and optical modules. The company has developed co-packaged components leveraging its technology in LED chips and optical modules, achieving efficient integration of optical and switching chips [8][37]. - **Anfu Technology (安孚科技)**: Located in Ningbo, it is a leader in energy storage and optical communication, focusing on energy storage systems and optical modules. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [9][38]. - **Robotec (罗博特科)**: Based in Suzhou, it is a leader in intelligent manufacturing and optical communication equipment, focusing on photovoltaic equipment and optical engines. The company has developed co-packaged components leveraging its technology in intelligent manufacturing and optical engines [10][39]. - **Liant Technology (联特科技)**: Headquartered in Wuhan, it is a leader in high-speed optical modules, focusing on 400G/800G optical modules and CPO components. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [11][40]. - **Zhishang Technology (致尚科技)**: Based in Shenzhen, it is a leader in precision manufacturing and optical communication components, focusing on precision components and optical engines. The company has developed self-researched high-speed optical engine core components, enhancing optical interconnect efficiency and integration [12][41]. - **Xinyi Sheng (新易盛)**: Located in Chengdu, it is a global leader in high-speed optical modules, focusing on 400G/800G optical modules and CPO components. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [13][42]. - **Huanxu Electronics (环旭电子)**: Based in Shanghai, it is a global leader in electronic manufacturing services, focusing on SiP packaging and optical engines. The company has developed co-packaged components leveraging its SiP packaging technology, achieving efficient integration of optical and switching chips [14][43]. - **Xiechuang Data (协创数据)**: Headquartered in Shenzhen, it is a leader in data center and smart terminal solutions, focusing on data center equipment and optical modules. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [15][44]. - **Huilv Ecology (汇绿生态)**: Based in Wuhan, it is a leader in ecological restoration and digital economy integration, focusing on ecological restoration and digital technology. The company has developed co-packaged components leveraging its digital technology and optical module expertise [16][45]. - **Ruijie Networks (锐捷网络)**: Located in Fuzhou, it is a leader in network equipment and solutions, focusing on network devices and optical modules. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [17][46]. - **Yihua Shares (意华股份)**: Based in Wenzhou, it is a leader in connectors and optical communication components, focusing on high-speed connectors and optical modules. The company has developed self-researched high-speed connectors and co-packaged components, achieving efficient integration of optical and switching chips [18][47]. - **Zhili Square (智立方)**: Headquartered in Shenzhen, it is a leader in precision manufacturing and optical communication devices, focusing on precision components and optical engines. The company has developed co-packaged components leveraging its precision manufacturing and optical engine technology [19][48]. - **Guangli Micro (广立微)**: Based in Hangzhou, it is a leader in semiconductor testing and optical communication devices, focusing on semiconductor testing and optical engines. The company has developed co-packaged components leveraging its semiconductor testing and optical engine technology [20][49]. - **Sijia Technology (世嘉科技)**: Located in Suzhou, it is a leader in precision manufacturing and communication devices, focusing on precision components and optical modules. The company has developed self-researched high-speed optical modules and co-packaged components, achieving efficient integration of optical and switching chips [21][50]. - **Yintang Intelligent Control (英唐智控)**: Based in Shenzhen, it is a leader in electronic distribution and optical communication components, focusing on electronic distribution and optical modules. The company has developed co-packaged components leveraging its electronic distribution and optical module technology [22][51]. - **Guangxun Technology (光迅科技)**: Headquartered in Wuhan, it is a leader in optoelectronic devices and modules, focusing on optoelectronic devices and optical engines. The company has developed self-researched high-speed optical engines and co-packaged components, achieving efficient integration of optical and switching chips [23][52]. - **Woge Optoelectronics (沃格光电)**: Based in Xinyu, it is a leader in optoelectronic display materials, focusing on optoelectronic display materials and optical engines. The company has developed self-researched high-speed optical engine core optical components, enhancing optical interconnect efficiency and integration [24][53].

Group 1 - The core viewpoint of the article highlights the performance of the Zhongzheng 1000 ETF (512100), which opened with a gain of 1.27% at 3.262 yuan on February 9 [1] - The top-performing stocks within the Zhongzheng 1000 ETF include Xiangnong Xinchuan, which rose by 2.01%, Dongxin Co., which increased by 1.29%, and Yuanjie Technology, which saw a rise of 3.89% [1] - The fund's performance benchmark is the Zhongzheng 1000 Index, managed by Southern Fund Management Co., Ltd., with a return of 21.23% since its inception on September 29, 2016, and a return of 2.36% over the past month [1]

截至发稿，李康累计任职时间10年330天，现任基金资产总规模85.87亿元，任职期间最佳基金回报 57.1%， 任职期间最差基金回报-48.35%。 从基金十大重仓股角度 数据显示，国寿安保基金旗下1只基金重仓赛微电子。国寿安保创精选88ETF（159804）四季度持有股 数7.3万股，占基金净值比例为2.93%，位居第二大重仓股。根据测算，今日浮盈赚取约19.34万元。 国寿安保创精选88ETF（159804）成立日期2020年3月4日，最新规模1.39亿。今年以来收益3.93%，同 类排名2427/5579；近一年收益31.28%，同类排名2035/4289；成立以来收益54.21%。 国寿安保创精选88ETF（159804）基金经理为李康、苏天醒。 2月9日，赛微电子涨5.28%，截至发稿，报52.87元/股，成交9.36亿元，换手率3.01%，总市值387.12亿 元。 资料显示，北京赛微电子股份有限公司位于北京市西城区裕民路18号北环中心A座2607室(德胜园区),北 京市北京经济技术开发区科创八街21号院1号楼，成立日期2008年5月15日，上市日期2015年5月14日， 公司主营业务涉及MEMS ...

Group 1 - The core point of the article highlights that on February 4, Saiwei Electronics executed a block trade of 60,000 shares, with a transaction value of 3.315 million yuan, accounting for 0.09% of the total trading volume for that day [1][2] - The transaction price was 55.25 yuan per share, which remained stable compared to the market closing price of 55.25 yuan [1][2]