沪指12月16日下跌1.11%，申万所属行业中，今日上涨的有3个，涨幅居前的行业为商贸零售、美容护 理、社会服务，涨幅分别为1.32%、0.66%、0.13%。跌幅居前的行业为通信、有色金属，跌幅分别为 2.95%、2.81%。电子行业今日下跌1.50%。 资金面上看，两市主力资金全天净流出701.17亿元，今日有5个行业主力资金净流入，商贸零售行业主 力资金净流入规模居首，该行业今日上涨1.32%，全天净流入资金38.18亿元，其次是食品饮料行业，日 跌幅为0.02%，净流入资金为3.02亿元。 电子行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 688256 | 寒武纪-U | -4.35 | 1.77 | -91162.59 | | 603986 | 兆易创新 | -3.09 | 3.07 | -62210.12 | | 300475 | 香农芯创 | -3.44 | 6.14 | -48824.36 | | 300456 | 赛微电子 | -1.38 | 20.48 | - ...

Group 1 - The core viewpoint of the articles highlights a significant price surge in the global memory chip market, particularly in DRAM and NAND Flash, with prices increasing over 300% since September 2023, driven by the rise of AI applications [1][2] - The consumption electronics sector is expected to implement a combination of structural price increases and cost-sharing strategies with the supply chain, particularly as the demand for consumer electronics like smartphones and computers is projected to rise through 2026 [1] - The consumption electronics ETF closely tracks the performance of the China Securities Consumption Electronics Theme Index, which includes 50 listed companies involved in component production and brand design [2][3] Group 2 - The top ten weighted stocks in the China Securities Consumption Electronics Theme Index account for 56.39% of the index, indicating a concentration of investment in key players such as Luxshare Precision and Cambricon Technologies [3] - AI is enhancing the demand for consumer batteries, as the integration of AI in devices like smartphones and wearables is leading to increased power consumption and a higher demand for lithium batteries [2]

交银国际研究 行业剖析 科技行业 2026 年展望：人工智能超级周期或继续，"十五五"科技国产替代或加速 | 估值概要 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 公司名称 | 股票代码 | 评级 | 目标价 | 收盘价 | | -----每股盈利----- | ----市盈率---- | | | ----市账率---- 股息率 | | | | | | | | FY25E | | | FY26E FY25E FY26E FY25E FY26E | | | FY25E | | | | | | (当地货币) (当地货币) (报表货币) (报表货币) | | | (倍) | (倍) | (倍) | (倍) | (%) | | 英伟达 | NVDA US | 买入 | 245.00 | 179.59 | 2.938 | 4.631 | 61.1 | 38.8 | 56.15 | 31.43 | 0.0 | | 台积电 | TSM US | 买入 | 360.00 ...

证券日报网讯12月12日，卓胜微（300782）在互动平台回答投资者提问时表示，截至2025年12月10日公 司股东人数为76595户。 ...

证券日报网讯 12月12日，卓胜微在互动平台回答投资者提问时表示，二级市场股价受政策环境、市场 环境、投资者风险偏好等多方面因素影响，公司对股票在二级市场的价格表现保持关注。同时，管理层 一贯以竭力做好经营，谋求可持续发展为己任，不断提升内在战略价值，用可持续发展的业绩回报广大 投资者。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 12月12日，卓胜微在互动平台回答投资者提问时表示，短期来看，公司的业绩承压主要 受生产线建设期间大额资本性支出致固定资产折旧增加、新产线产能爬坡阶段成本较高，以及市场竞争 加剧等多重因素影响。公司对股票在二级市场的价格表现保持关注，管理层一贯以竭力做好经营，谋求 可持续发展为己任，不断提升内在战略价值，用可持续发展的业绩回报广大投资者。于长期而言，芯卓 产业项目是公司的可持续经营战略，更是公司长远发展的重要基石，未来公司将加速落地资源平台的建 设，专注布局和投资新的前沿技术，突破工艺技术壁垒，力争对标国际头部企业，深度构建核心竞争 力。随着新产品的发力、低产出导致高成本的迹象逐渐减弱等多方面积极因素出现，业绩将逐步改善。 ...

Group 1 - The company, ZTE Microelectronics, considers Samsung a long-term and stable important partner, maintaining a good strategic cooperation relationship across multiple product categories [2][5] - The ongoing patent dispute with Murata only involves a few specific models of filter products, which represent a low proportion of the company's main business revenue [2][5] - Currently, the patent dispute has not significantly impacted the company's overall production, operations, or sustainability, and the company will continue to follow up on the relevant developments in accordance with laws and regulations [2][5]

Core Points - The mainland consumer electronics index (983105) closed at 4679.66 points, down 0.04%, with a trading volume of 75.462 billion yuan and a turnover rate of 1.56% [1] - Among the index constituents, 20 stocks rose while 29 fell, with AAC Technologies leading the gainers at 3.95% and Meitu leading the decliners at 6.0% [1] Index Constituents Summary - The top ten constituents of the mainland consumer electronics index are as follows: - Luxshare Precision (sz002475) holds a weight of 12.51%, latest price at 60.00 yuan, with a market cap of 436.926 billion yuan and a rise of 2.37% [1] - SMIC (hk00981) has a weight of 12.37%, latest price at 62.39 yuan, with a market cap of 499.131 billion yuan and a decline of 1.15% [1] - Other notable constituents include BOE Technology (sz000725) with a weight of 5.67% and a market cap of 145.166 billion yuan, and Xiaomi (hk01810) with a weight of 5.56% and a market cap of 963.341 billion yuan [1] Capital Flow Analysis - The net inflow of main funds into the index constituents totaled 775 million yuan, while retail funds saw a net outflow of 347 million yuan [3] - Key stocks with significant fund flows include: - Luxshare Precision with a net inflow of 604 million yuan, accounting for 5.53% of the main funds [3] - Other stocks like GoerTek (sz002241) and Shenghong Technology (300476) also experienced notable fund movements [3]

卓胜微(300782)向特定对象发行股票申请审核状态变更为提交注册。 （文章来源：证券时报网） 卓胜微本次拟向特定对象发行股票，拟发行数量不超过1.60亿股，预计募集资金34.75亿元。本次发行保 荐机构为中国国际金融股份有限公司。（数据宝） ...

Core Viewpoint - The stock of Zhaosheng Microelectronics has shown fluctuations, with a recent increase of 2.02% and a total market capitalization of 37.772 billion yuan, despite a year-to-date decline of 21.19% [1] Financial Performance - For the period from January to September 2025, Zhaosheng Microelectronics reported a revenue of 2.769 billion yuan, representing a year-on-year decrease of 17.77%. The net profit attributable to shareholders was -171 million yuan, a significant decline of 140.13% year-on-year [2] Shareholder Information - As of November 20, 2025, the number of shareholders for Zhaosheng Microelectronics was 75,600, a slight decrease of 0.19% from the previous period. The average number of circulating shares per person increased by 0.19% to 5,928 shares [2] Dividend Distribution - Since its A-share listing, Zhaosheng Microelectronics has distributed a total of 884 million yuan in dividends, with 265 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder was Hong Kong Central Clearing Limited, holding 10.0688 million shares, an increase of 958,600 shares from the previous period. The ninth largest shareholder, E Fund's ChiNext ETF, held 7.3024 million shares, a decrease of 1.2461 million shares [3]