【振幅大】 -今日A股共有8只个股振幅超过20%； -思林杰、中亚股份等个股振幅居前； 【换手率高】 -今日A股共有12只个股换手率超过40%； -N马可波罗、云汉芯城等个股换手率居前； 【主力资金】 -主力资金今日净流入轻工制造、建筑材料等板块，净流出电子、电力设备等板块； -天孚通信、C马可波、大洋电机、香农芯创、海康威视资金净流入规模居前，分别净流入10.09亿元、 6.42亿元、5.5亿元、4.34亿元、3.63亿元； -比亚迪、中际旭创、中兴通讯、新易盛、阳光电源资金净流出规模居前，分别净流出10.64亿元、7.27 亿元、7.25亿元、7.09亿元、6.9亿元。 (本文来自第一财经) ...

Market Overview - On October 22, the other electronic sector remained unchanged with a 0.0% increase, led by RuiNeng Technology [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Top Performers - RuiNeng Technology (603933) closed at 23.43, up 10.00% with a trading volume of 492,300 shares and a turnover of 1.124 billion [1] - TaiLong Co., Ltd. (300650) closed at 18.31, up 6.33% with a trading volume of 299,600 shares and a turnover of 546 million [1] - Yunhan Chip City (301563) closed at 208.29, up 5.64% with a trading volume of 92,300 shares and a turnover of 1.882 billion [1] Underperformers - Igor (002922) closed at 22.32, down 3.79% with a trading volume of 247,300 shares and a turnover of 558 million [2] - KeliKe (002782) closed at 16.65, down 3.65% with a trading volume of 142,900 shares and a turnover of 240 million [2] - Yachuang Electronics (301099) closed at 55.30, down 3.14% with a trading volume of 241,000 shares and a turnover of 1.303 billion [2] Capital Flow - The other electronic sector saw a net inflow of 277 million from institutional investors, while retail investors experienced a net outflow of 112 million [2] - Major stocks like XiangNeng Chip (300475) had a net inflow of 407 million from institutional investors, but a net outflow of 234 million from retail investors [3] - RuiNeng Technology (603933) had a net inflow of 137 million from institutional investors, with significant outflows from both retail and speculative investors [3]

10月22日，香农芯创涨5.34%，截至发稿，报110.50元/股，成交32.42亿元，换手率7.07%，总市值 512.47亿元。 资料显示，香农芯创科技股份有限公司位于深圳市南山区海德三道166号航天科技广场B座22楼，成立 日期1998年9月16日，上市日期2015年6月10日，公司主营业务涉及电子元器件分销。主营业务收入构成 为：电子元器件分销业务97.03%，电子元器件制造业务1.93%，减速器业务0.93%，其他(补充)0.11%。 从基金十大重仓股角度 数据显示，鹏扬基金旗下1只基金重仓香农芯创。鹏扬数字经济先锋混合A（012456）二季度持有股数 42.32万股，占基金净值比例为2.35%，位居第十大重仓股。根据测算，今日浮盈赚取约236.99万元。 鹏扬数字经济先锋混合A（012456）成立日期2021年9月7日，最新规模4.52亿。今年以来收益52.09%， 同类排名741/8160；近一年收益56.59%，同类排名492/8026；成立以来亏损2.57%。 鹏扬数字经济先锋混合A（012456）基金经理为张勋。 截至发稿，张勋累计任职时间10年339天，现任基金资产总规模53.01亿元， ...

存储芯片板块短线拉升，香农芯创涨超5%再创新高，灿芯股份、云汉芯城、复旦微电、精智达跟涨。 ...

按照目前104.9元/股的价格计算，新动能基金目前已经获利超3倍，累计浮盈达到19亿元。而此次减持 的463.77万股也将价值约4.86亿元。 10月20日，香农芯创发布了一则股东减持公告，持股比例达到5.13%的股东无锡高新区新动能产业发展 基金（有限合伙）计划于本公告披露之日起15个交易日之后的3个月内通过集中竞价方式减持公司股份 不超过463.77万股（占公司总股本的1%）。 从市场表现来看，减持公告并没有挡住香农芯创上涨的脚步，10月21日，香农芯创股价盘中再创历史新 高，收盘上涨9.03%，报收104.9元/股，最新市值为486.5亿元。 此次减持的主角新动能基金并不是香农芯创的原始股东，在去年1月，作为香农芯创控股股东之一的深 圳市领汇基石股权投资基金合伙企业（有限合伙）与新动能基金签署协议，最终将持有的无限售流通股 2379.34万股以24.65元/股的价格通过协议转让的方式转让给新动能基金，交易金额约5.87亿元。 事实上，新动能基金的丰厚利润，主要得益于8月初以来香农芯创股价的一轮凌厉涨势。期间，香农芯 创股价涨幅超过200%，最终成为存储芯片板块中当之无愧的大牛股。而香农芯创股价的此番强劲 ...

Group 1 - The storage chip sector experienced a decline, with multiple stocks opening lower, including Sanfu Co., which fell nearly 7% [1] - Yunhan Chip City saw a drop of over 6%, while other companies like Shannon Chip and Tongyou Technology also followed the downward trend [1]

Core Insights - The storage chip market is experiencing a "super cycle" driven by AI, with expectations of price increases continuing until 2026 [2][7] - The demand for large-capacity storage in data centers is rapidly growing, alongside the increasing penetration of smart devices like smartphones and smart cars [2][5] Price Trends - Global storage chip prices have been rising for nearly six months, with major companies like Samsung and Micron announcing price hikes of 15% to 30% for DRAM and 5% to 10% for NAND flash [3][4] - Samsung's preliminary Q3 2025 results showed an operating profit of 12.1 trillion KRW (approximately 60.52 billion RMB), a year-on-year increase of 31.81% [3] Industry Outlook - The price increases in the storage chip sector are expected to positively impact the profitability of domestic storage companies, with many stocks reaching historical highs [4][9] - Analysts predict that the demand for DRAM will continue to grow, driven by AI applications and the expansion of data centers [7][8] AI and Storage Demand - The growth of generative AI is leading to increased storage demands from North American cloud service providers, with daily AI service calls reaching hundreds of millions [6] - The shift from HDDs to SSDs is accelerating due to performance limitations of traditional hard drives, with SSD penetration rates rising rapidly [6] Domestic Market Dynamics - Domestic storage companies are expected to benefit from both price recovery and domestic substitution, with a steady recovery in demand and production expected in Q4 [9] - Companies like佰维存储 are expanding their product lines to include high-performance storage solutions for AI applications, anticipating significant growth in Q4 and beyond [9]

Core Viewpoint - The storage chip market is experiencing a rare price surge, with DDR4 16G memory prices rising over 100% from last year's low of around 200 yuan to over 500 yuan [1] Industry Summary - The A-share storage chip sector is leading the semiconductor market, with companies like Taiji Industry (600667.SH) hitting the daily limit, Yachuang Electronics (301099.SZ) rising over 14%, and Xiangnong Xinchuan (300475.SZ) increasing by more than 8% [1] - The price increase is driven by high demand for advanced storage due to the AI boom and strategic capacity shifts by overseas giants [1] - Major manufacturers such as Samsung, SK Hynix, and Micron are reallocating production towards higher-margin products like DDR5 and HBM, leading to a temporary supply gap for traditional DDR4 and earlier niche storage products [1] - It is anticipated that DRAM and NAND Flash prices will continue to rise in Q4, with the current price surge expected to last until the end of the year [1] Company Performance Impact - The ongoing price increase in storage chips has led to heightened interest from the market and investors regarding its impact on the performance of listed companies, with the storage sector averaging a 23% increase since September, significantly outperforming major stock indices [1]

作者丨李益文 而CFM闪存市场发布的《2025年四季度存储市场展望》显示，预计四季度，企业级SSD（eSSD）价格涨幅将达到10%以上， DDR5 RDIMM价格涨幅约10%~15%。 公开资料显示，香农芯创成立于1998年，前身为安徽聚隆机械有限公司，2021年，该公司更名为香农芯创，并向半导体行业转 型。目前，香农芯创先后取得全球全产业存储器供应商之一的SK海力士、全球著名主控芯片品牌MTK的代理权以及AMD的经 销商资质，为国内半导体分销龙头。 不过，从上半年业绩来看，当前行业景气度的提升未完全惠及香农芯创的核心业务。2025年上半年公司营收171.23亿元，同比大 涨119.35%，但归母净利润1.58亿元，仅微增0.95%，公司陷入"增收不增利"困境。 编辑丨叶映橙 无惧减持，国内半导体分销龙头香农芯创（300475.SZ）上演了一场"利空出尽是利好"的市场好戏。 10月21日，香农芯创在前一日披露股东拟大幅减持背景下，股价盘中触及109.57元/股，续创历史新高，截至收盘报104.9元/股， 涨幅高达9.03%，公司市值突破480亿元，截至目前，香农芯创年内股价已13次创历史新高，年内累计涨幅达2 ...

作者丨李益文 编辑丨叶映橙 无惧减持，国内半导体分销龙头香农芯创（300475.SZ）上演了一场"利空出尽是利好"的市场 好戏。 10月21日，香农芯创在前一日披露股东拟大幅减持背景下，股价盘中触及109.57元/股，续创 历史新高，截至收盘报104.9元/股，涨幅高达9.03%，公司市值突破480亿元， 截至目前，香 农芯创年内股价已13次创历史新高，年内累计涨幅达268.89% 。 公开资料显示，香农芯创成立于1998年，前身为安徽聚隆机械有限公司，2021年，该公司更 名为香农芯创，并向半导体行业转型。目前，香农芯创先后取得全球全产业存储器供应商之一 的SK海力士、全球著名主控芯片品牌MTK的代理权以及AMD的经销商资质，为国内半导体分 销龙头。 不过，从上半年业绩来看，当前行业景气度的提升未完全惠及香农芯创的核心业务。2025年上 半年公司营收171.23亿元，同比大涨119.35%，但归母净利润1.58亿元，仅微增0.95%，公司 陷入"增收不增利"困境。 对此，上述工作人员表示，公司目前库存周转周期较快，部分客户订单价格已提前商定，因此 在本轮存储产品涨价行情中，公司毛利率反而出现偏低的情况。目前 ...