Cambricon(SH:688256) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 02:19Core Viewpoint - The A-share technology market is experiencing a strong rally, particularly in the semiconductor and chip sectors, with significant gains in stocks like Cambrian Technology, which surged by 15.73% to reach a record price of 1595 yuan, surpassing Kweichow Moutai and becoming the new stock king of A-shares [1] Group 1: Market Performance - The semiconductor equipment ETF (561980) saw a daily increase of 8.40%, with a net inflow of 39.35 million yuan, bringing its total scale to over 1 billion yuan [1] - The A-share market has shown steady growth, with the Shanghai Composite Index surpassing 3800 points, marking a ten-year high, and trading volume and margin financing balances continuing to rise [4] Group 2: Index Composition - As of August 28, Cambrian Technology accounts for 14.01% of the semiconductor equipment ETF (561980), making it the largest weighted stock in the index [2][3] - The top five weighted stocks in the index collectively account for nearly 59%, while the top ten account for over 78%, indicating a high concentration in the index [2][3] Group 3: Financial Performance - Cambrian Technology reported a revenue of 2.881 billion yuan for the first half of the year, a staggering year-on-year growth of 4348%, with a net profit of 1.038 billion yuan [6] - Another leading company, SMIC, achieved a net profit of 2.301 billion yuan in the first half of the year, reflecting a year-on-year increase of 39.76% [7] Group 4: Industry Trends - The semiconductor industry is seeing significant net inflows, with 44 billion yuan over the past five days and 80.425 billion yuan over the past 20 days [5] - The global semiconductor revenue is expected to nearly double from 2024 to 2030, exceeding 1 trillion USD, driven by the infrastructure needs of generative AI [9] - Domestic chip suppliers are anticipated to increase their market share in AI servers, with local suppliers expected to rise from 37% in 2024 to 40% by 2025 [9][10]