Cambricon(SH:688256) Sou Hu Cai Jing·2025-09-03 02:35Core Viewpoint - The A-share market showed mixed performance on September 3, with the Shanghai Composite Index down by 0.67%, while sectors like comprehensive, media, and power equipment saw gains, and defense, coal, and chip sectors faced declines [1]. Industry Summary - The chip sector experienced volatility, with the Chip ETF (159995.SZ) down by 1.77%. Notable declines among component stocks included Cambrian down by 5.19%, Haiguang Information down by 2.90%, and Zhaoyi Innovation down by 2.42%. However, some individual stocks like Huahai Qingke and O-film Technology saw slight increases of 1.08% and 0.11% respectively [1]. - According to CITIC Securities, there is an expectation for an increase in market share for domestic storage chip suppliers and foundries. The demand for advanced storage and logic wafer fabs in China is expected to maintain, with a rapid recovery in expansion expectations for the second half of the year and next year, significantly boosting demand for domestic equipment [1]. - Due to increasing difficulties in procuring overseas equipment, companies like TSMC, Samsung, and SK Hynix may begin to seek domestic alternative suppliers for further expansion, which would continuously benefit domestic semiconductor equipment and materials-related companies [1]. - The Chip ETF (159995) tracks the Guozheng Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC, Cambrian, Changdian Technology, and Northern Huachuang [1].