格隆汇12月26日｜江波龙在互动平台表示，公司并未从事HBM的专项研发。 ...

Group 1 - The focus on the information technology self-controllable sector is highlighted by the active performance of the Xinchuang ETF fund (562030), which saw an intraday increase of 1.55% and is currently up 1.16%, marking a potential three-day winning streak [1] - Among the constituent stocks, Axin Security showed the strongest performance with a rise of 9.86%, followed by Jiangbolong and Geer Software with increases of 5.69% and 4.27% respectively [1] - Chengdu Huami experienced the largest decline at 1.63%, while Yonyou Network and Yuntian Lefeiy showed relatively weaker performances with drops of 0.38% and 0.21% respectively [1] Group 2 - The 8th GAIR Global Artificial Intelligence and Robotics Conference recently held in Shenzhen focused on the new decade of AI computing power development, emphasizing the critical role of heterogeneous computing software ecosystems in releasing computing power [3] - According to招商证券, the computer industry saw a performance turning point in Q3 2025, with a significant increase in per capita non-net profit, indicating a trend of improving industry efficiency [3] - The Xinchuang sector continues to exceed expectations, with its replacement scope extending from party and government to core government systems and key industry applications, further expanding the industrial chain [3] Group 3 - The Xinchuang ETF fund and its linked funds track the CSI Xinchuang Index, covering core segments of the Xinchuang industry chain, including basic hardware, software, application software, information security, and external devices, characterized by high growth and elasticity [5] - The investment logic for the Xinchuang industry is driven by four key factors: international geopolitical disturbances, urgent demand for self-controllability, government support, and accelerated corporate development [5] - The macroeconomic environment is seeing increased local debt efforts, with government procurement in the Xinchuang sector expected to recover [7] Group 4 - Key investment lines in the Xinchuang sector include leading players in the mainstream Xinchuang ecosystem, urgent demand in specific fields like domestic computing ecology and industrial software, and core participants in the Huawei supply chain benefiting from the expansion of Xinchuang logic [6] - The technological advancements represented by domestic manufacturers like Huawei are expected to lead to an increase in market share for domestic software and hardware [7] - The Xinchuang sector is at a critical time point for advancement, with procurement standards becoming more refined [7]

（原标题：存储芯片概念异动拉升 德明利涨停） 人民财讯12月26日电，存储芯片概念异动拉升，德明利涨停，恒烁股份涨超10%，西测测试、南亚新 材、江波龙、复旦微电、香农芯创等跟涨。 ...

Core Viewpoint - The storage product price increase continues, with current spot prices remaining strong but the rate of increase slightly slowing down, leading to a bullish sentiment in the industry [1][2]. Group 1: Current Market Conditions - As of December 25, 2023, TrendForce reports that DDR4, DDR5, and module prices are still rising, although the rate of increase has moderated, attributed to middle traders releasing more inventory for year-end accounting [2]. - NAND Flash spot market shows bullish sentiment due to expectations of rising contract prices, with suppliers adopting a strategy of withholding inventory, tightening market supply and pushing wafer prices higher [2][3]. - Storage chip prices for DRAM and NAND Flash have cumulatively increased over 300% since September 2023 [3]. Group 2: Industry Outlook - Companies like Shenzhen Huaqiang report significant growth in storage product sales, driven by strong demand from AI infrastructure and a shift in production capacity towards high-end storage [4]. - Demingli, a leading domestic storage module company, indicates that the industry will see limited capacity increases in the short term, with AI-driven data storage demand providing long-term growth momentum [5]. - Price increases for various storage products are expected to continue, with specific forecasts indicating a 25%-35% rise in different categories by Q1 2026 [5]. Group 3: Impact on Consumer Electronics - Demingli states that while short-term price fluctuations may occur, the long-term demand for storage products will remain robust due to ongoing technological innovation in consumer electronics [6]. Group 4: Beneficiaries in the Market - Jiangbolong highlights that AI applications are driving demand for high-performance SSDs, while HDD supply shortages are pushing cloud service providers to switch to SSDs, leading to a surge in NAND Flash demand [8]. - Jiangbolong reported a revenue of 6.539 billion yuan for Q3 2025, a 54.6% year-on-year increase, and a net profit of 698 million yuan, up 1994.42% year-on-year, indicating strong financial performance amid rising storage prices [8].

Core Viewpoint - The storage chip sector in A-shares is experiencing a strong rally, becoming the leading segment in the semiconductor industry, driven by significant demand from AI applications and a favorable market cycle [1][2] Group 1: Market Performance - The storage chip sector has shown robust performance, with key stocks like Tian'ao Electronics and Hengsuo Co. hitting the daily limit, igniting profit-making sentiment across the sector [1] - There is a notable influx of capital into the market, indicating high recognition of the storage chip industry's cyclical reversal and growth potential [1] Group 2: Industry Dynamics - AI demand is driving a significant increase in high-end storage needs, with Micron Technology reporting a quarterly revenue of $13.6 billion, a 57% year-over-year increase, and a net profit of $5.5 billion, up 169% [1] - The storage requirements for AI servers are eight times that of regular servers, with global AI server shipments expected to grow by 180% in 2025, leading to a 220% surge in high-end storage chip demand [1] Group 3: Price Trends and Inventory Levels - The storage chip industry has seen prices soar, with DDR5 memory prices increasing by 80% from September to December, and HBM2e prices rising nearly 50% [2] - Inventory levels have dropped to a five-year low, with major players like Samsung and Micron reducing production, resulting in inventory levels falling from 12-16 weeks to 2-4 weeks [2] Group 4: Domestic Market Developments - Domestic companies are accelerating their market presence, with Shunming Storage achieving mass production of the first domestic ferroelectric memory, ranking among the top five global suppliers [2] - Changxin Storage's DDR5 memory module has entered the supply chains of major companies like Huawei, with revenue surpassing $1 billion in Q3 2025 [2] Group 5: Benefiting Sectors - The storage chip design and module sector is directly benefiting from the explosion in AI demand and rising prices, with companies like Beijing Junzheng and Jiangbolong positioned to gain from the industry's upward trend [3] - The storage chip materials and equipment sector is also seeing growth due to domestic production expansion and technological advancements, with companies like Shunming Storage achieving full localization of materials and equipment [3] - The AI server and computing equipment sector is experiencing synergistic growth, with a significant increase in demand for AI servers and storage chips [3]

12月25日，存储芯片概念走强，恒烁股份、天奥电子涨停，北京君正、香农芯创、 江波龙、德明利、 普冉股份跟涨。 ...

12月24日，A股的存储芯片板块卷土重来，华海诚科（688535.SH）涨12.88%，德明利（001309.SZ）涨超9%，中芯国际 （688981.SH）、香农芯创（300475.SZ）、北京君正（300223.SZ）、江波龙（301308.SZ）、佰维存储（688525.SH）、普 冉股份（688766.SH）、恒烁股份（688416.SH）均录得上涨。港股方面，中芯国际(00981.HK)、华虹半导体(01347.HK)亦 表现不俗。 消息面，据韩国《朝鲜日报》消息，三星电子、SK海力士等存储供应商已上调明年HBM3E价格，涨幅接近20%。 供应方面，存储厂商预计明年第六代HBM（即HBM4）需求将增加，加大对其产能投入，导致HBM3E产能遭到积压。需求 方面，除了英伟达之外，来自谷歌、亚马逊等公司的订单量也大幅增加。 业内人士指出，本轮存储产品的涨价潮或超出市场预期。相关存储芯片产商的未来业绩有望大幅抬升，股价表现有望再超 预期。 摩根士丹利预测，鉴于明年存储领域可能出现供需失衡，内存芯片行业将迎来 "超级周期"。市场需求高企的背景下，存储 芯片行业也开始出现供不应求、涨价、转变订货模式等一系列连锁 ...

证券日报网讯 12月24日，江波龙在互动平台回答投资者提问时表示，关于公司股东持股数量及变动情 况，公司已按法律法规在公告中进行了披露。如涉及其他应披露事项，公司将及时予以公告。 （文章来源：证券日报） ...

（文章来源：每日经济新闻） 每经AI快讯，12月24日，存储芯片概念震荡走强，生益科技、快克智能盘中创新高，英唐智控涨超 15%，北京君正、香农芯创、西测测试、南亚新材、迈为股份、江波龙、百傲化学跟涨。 ...

（文章来源：每日经济新闻） 每经AI快讯，12月24日，存储芯片概念表现活跃，香农芯创涨超10%，时空科技涨超7%，德明利、神 工股份、普冉股份、北京君正、江波龙、大为股份、万润科技跟涨。 ...