Core Viewpoint - The article highlights a rebound in major technology and semiconductor stocks, indicating a positive trend in the market, particularly for companies like NetEase, Bilibili, and various semiconductor firms [1][2]. Group 1: Market Indices - The Hang Seng Index (HSI) is currently at 26,995.76, up by 220.19 points or 0.82% [1]. - The Hang Seng Technology Index (HSTECH) stands at 5,563.79, increasing by 37.48 points or 0.68% [1]. - The Hang Seng Biotechnology Index (HSBIO) is at 14,983.75, with a rise of 133.86 points or 0.90% [1]. - The Hang Seng China Enterprises Index (HSCEI) is at 9,133.88, up by 53.69 points or 0.59% [1]. - The Hang Seng Composite Index (HSCI) is at 4,130.06, increasing by 36.19 points or 0.88% [1]. Group 2: Major Technology Stocks - NetEase (网易-S) shares rose to 205.00, with a gain of 7.10 or 3.59% [1]. - Bilibili (哔哩哔哩-W) shares increased to 265.00, up by 5.40 or 2.08% [1]. - Ctrip Group (携程集团-S) shares reached 485.00, with an increase of 7.40 or 1.55% [1]. - Alibaba (阿里巴巴-W) shares are at 165.40, up by 2.10 or 1.29% [1]. - Kuaishou (快手-W) shares rose to 77.90, with a gain of 0.90 or 1.17% [1]. Group 3: Semiconductor Stocks - Semiconductor stocks are experiencing a recovery, with Zhaoyi Innovation (兆易创新) rising over 5% [2]. - Huahong Semiconductor (华虹半导体) and Naxin Micro (纳芯微) both increased by over 3% [2]. - SMIC (中芯国际) shares rose by over 1% [2].

Group 1 - Morgan Stanley increased its stake in Naxin Microelectronics (02676) by 17,500 shares at a price of HKD 157.6914 per share, totaling approximately HKD 2.7596 million [1][3] - After the increase, Morgan Stanley's total shareholding in Naxin Microelectronics reached approximately 1.0097 million shares, representing a holding percentage of 5.02% [1][3]

行 业 华福证券 电子 2026 年 02 月 02 日 行 业 投 资 策 略 截止到 2025Q3，三星 25Q1-Q3 全球智能手机出货量达到 6060 万 台，市场份额达 19%，保持全球第一；苹果 25Q3 出货量为 5650 万台， 同比上升 4%，市场份额位列第二；其次为小米/传音/vivo。据环球网 援引IDC 报告显示 2025年全球智能手机出货量预计将达到 12.4 亿部， 2024-2029 年 CAGR=1.5%，呈现温和增长。展望 2026 年，我们持续看 好手机结构化升级带来的创新需求，包括潜望式镜头成为安卓/苹果高 端手机标配带来渗透率持续提升。 研 究 电子行业 2026 年度策略报告：AI 与自主可控共 振 投资要点： 预计 2026 年手机行业温和复苏，看好结构创新带来增量需求 证 券 研 随着国产算力需求的不断增加，先进制程的产能需求也不断提升。 中芯国际、华虹公司、长鑫存储等企业的先进制程制造产能预计不断 增加。成熟制程工艺各个制造商各有千秋，特色工艺投资机会显现。 芯联集成、晶合集成、赛微电子各自特色领域优势显著。内生增长以 及外延并购提升半导体设备覆盖率。半导体制造 ...

Core Viewpoint - Morgan Stanley increased its stake in Naxin Microelectronics (02676) by purchasing 17,500 shares at a price of HKD 157.6914 per share, totaling approximately HKD 2.7596 million, resulting in a new holding of about 1.0097 million shares, representing 5.02% of the company [1] Summary by Category - **Investment Activity** - Morgan Stanley's recent purchase of 17,500 shares indicates a strategic move to bolster its investment in Naxin Microelectronics [1] - The total investment amount for this transaction was approximately HKD 2.7596 million [1] - **Shareholding Details** - Following the acquisition, Morgan Stanley's total shareholding in Naxin Microelectronics is approximately 1.0097 million shares [1] - The updated shareholding percentage stands at 5.02% [1]

Group 1 - Morgan Stanley increased its stake in Naxin Microelectronics (02676) by 17,500 shares at a price of HKD 157.6914 per share, totaling approximately HKD 2.7596 million [1] - After the increase, Morgan Stanley's total shareholding in Naxin Microelectronics is approximately 1,009,700 shares, representing a holding percentage of 5.02% [1]

智通财经APP获悉，港股恒生指数跌2.4%，跌656点，报26730点；恒生科技指数跌3.68%。港股早盘成 交1781亿港元。 三大运营商早盘大跌拖累恒生指数，基础电信服务增值税率上调至9%，将影响公司营收和利润。中国 联通(00762)跌8%；中国电信(00728)跌7.62%；中国移动(00941)跌2.88%。 中国神华(01088)跌超5%，煤炭销量及均价下降，预计去年利润同比减少6.3%至14.7%。 东方甄选(01797)涨2.7%，近三日股价累涨近三成，此前公告上半财年实现扭亏。 珍酒李渡(06979)涨超4%，机构称看好白酒板块或迎十年大底投资机会。 芯片股早盘走低，传多家厂商严控存储芯片订单，防止客户过度囤积。华虹半导体(01347)跌超10%，兆 易创新(03986)跌7.52%。 亿华通(02402)跌7.97%，预计2025年度归母净亏损同比增加20.50%到57.74%。 纳芯微(02676)跌5.89%，公司预计2025年全年亏损2亿至2.5亿元。 加密货币ETF及概念股走低，币圈遭遇"血洗"，比特币一度跌破76000美元。嘉实以太币(03179)跌 18%；华夏以太币(0304 ...

智通财经APP获悉，纳芯微(02676)早盘跌超5%，截至发稿，跌4.13%，报141.6港元，成交额1721.48万 港元。 报告期内，下游汽车电子领域需求稳健增长，公司汽车电子领域相关产品持续放量；泛能源领域整体呈 复苏态势，其中光伏和储能领域大部分客户恢复正常需求，服务器电源客户需求在AI驱动下增长迅 速；麦歌恩并表丰富了公司产品矩阵，其业务贡献对本期营收增长形成积极影响。 消息面上，纳芯微发布公告，预计2025年度实现营业收入33亿元至34亿元，同比增长68.34%至 73.45%；预计2025年度实现归属于母公司所有者的净利润-2.5亿元至-2亿元，同比亏损收窄。 ...

Core Viewpoint - Naxin Micro (02676) experienced a significant decline in stock price, dropping over 5% in early trading, with a current price of 141.6 HKD and a trading volume of 17.21 million HKD. The company announced its revenue and profit forecasts for 2025, indicating a substantial year-on-year growth in revenue but continued net losses, albeit narrowing [1]. Group 1: Financial Forecasts - The company expects to achieve a revenue of 3.3 billion to 3.4 billion CNY in 2025, representing a year-on-year growth of 68.34% to 73.45% [1]. - The projected net profit attributable to the parent company for 2025 is expected to be a loss of 250 million to 200 million CNY, indicating a reduction in losses compared to previous periods [1]. Group 2: Market Demand and Product Performance - Demand in the downstream automotive electronics sector is showing robust growth, with the company’s related products continuing to gain traction [1]. - The overall recovery in the general energy sector is noted, particularly in the photovoltaic and energy storage fields, where most clients have returned to normal demand levels [1]. - The demand from server power clients is rapidly increasing, driven by advancements in AI technology [1]. - The consolidation of Maiguan has enriched the company's product matrix, positively contributing to revenue growth during the reporting period [1].

证券代码：688052 证券简称：纳芯微 公告编号：2026-008 苏州纳芯微电子股份有限公司 2025年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1.经财务部门初步测算，公司预计2025年度实现营业收入330,000.00万元至340,000.00万元，较上年同期 相比，将增加133,972.58万元至143,972.58万元，同比增长68.34%至73.45%。 2.公司预计2025年度实现归属于母公司所有者的净利润-25,000.00万元至 -20,000.00万元，较上年同期相比，亏损将收窄15,287.82万元至20,287.82万元。 3.公司预计2025年度实现扣除非经常性损益后归属于母公司所有者的净利润-29,000.00万元至-24,000.00 万元，较上年同期相比，亏损将收窄16,677.81万元至21,677.81万元。 （三）本次业绩预告未经注册会计师审计。 二、上年同 ...

证券日报网讯 1月30日，纳芯微发布公告称，公司预计2025年度实现营业收入330，000.00万元至340， 000.00万元，同比增长68.34%至73.45%；归属于母公司所有者的净利润为-25，000.00万元至-20， 000.00万元，亏损收窄15，287.82万元至20，287.82万元。 （文章来源：证券日报） ...