入选核心资产的逻辑： 当半导体先进制程从 28nm 向 14nm 、 7nm 甚至 3nm 推进时， " 芯片质量守门人 "—— 半导体量检测设备的价值 正被重新定义。中科飞测凭借 10nm 级检测精度、覆盖 70% 市场的产品矩阵，以及 2025Q3 超 13.6 亿元的订单 储备，已从 " 技术突破者 " 成长为国产替代的核心标的。 回看2025年A股市场，被投资者称为"易中天"的三家公司——新易盛、中际旭创、天孚通信。 他们股价的大涨源于三个因素：处于高景气度赛道+先进技术+客户粘性。而中科飞测同样也具备相似的核心逻辑。 即，国家半导体产业的设备替代+技术壁垒+订单粘性。 01 三大核心逻辑 第一，检测设备低国产化率。 半导体量检测设备是芯片制造全流程的"刚需环节"——从晶圆制造到先进封装，每一步工艺都需要检测缺陷、量测参 数，以保证良率。 根据QYResearch数据，2023年全球市场规模已达152.9亿美元，2030年将增至277.6亿美元，2024-2030年复合增长率 8.1%；而中国大陆市场受益于"东数西算"工程与晶圆厂扩产，2020-2024年复合增速高达27.73%，是全球增速的3倍以 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 记者丨周潇枭 编辑丨张星 近日，经济大省陆续召开2026年地方两会，2026年增长目标和重点工作随之揭晓。 21世纪经济报道记者梳理发现，四川、湖北2026年经济增长目标定在5.5%左右，浙江、山东定在5%以上，江苏、河南、上海、北京定在5%左 右，广东定在4.5%—5%。总体来看，经济大省2026年经济增长目标在5%左右。 广东明确"十五五"时期主要目标和重点任务：地区生产总值年均增长5%左右，高质量发展取得显著成效，科技自立自强水平大幅提高等。广 东2026年主要预期目标是：地区生产总值增长4.5%—5%，在实际工作中全力争取更好结果；地方一般公共预算收入增长3%左右，居民收入增 长与经济增长同步。 国家发展改革委投资所研究员吴亚平对21世纪经济报道记者表示，经济大省将2026年经济增长目标定在5%左右，总体与中国经济发展潜力相 当，且预留了一定弹性空间，经过努力是可以实现的。考虑到当前国际环境依然严峻，大国战略博弈、地缘冲突等不确定因素依然存在，可能 会对部分地区经济工作造成影响。因此，经济大省提出"在实际工作中全力争取更好结果" ...

Summary of Conference Call Notes Industry Overview - The conference call discusses the semiconductor memory industry, specifically focusing on two major Chinese companies: Changjiang Storage Technology (YMTC) and Changxin Memory Technologies (CXMT) [1] Key Points - Both YMTC and CXMT are significantly expanding their memory production capacity amid global supply shortages, initiating record-level expansions [1] - YMTC is involved in module production and testing, with a common controlling shareholder linked to Wanrun Technology [1] - CXMT focuses on module production and foundry services, also sharing a common controlling shareholder with Zhaoyi Innovation [1] Additional Important Information - The expansion efforts by both companies highlight a strategic focus on enhancing their supply chain capabilities and addressing the current market demand for memory products [1]

长江商报消息 ●长江商报记者 徐靓丽 省级重点项目加快经济高质量发展 重点项目建设是稳增长的"压舱石"，也是扩大有效投资的重要载体。重大项目建设按下"快进键"，不仅 可以更好发挥有效投资稳定经济增长的支撑性作用，而且有利于提振市场信心和改善社会预期。 2026年，湖北省重点项目清单结合"十五五"规划，谋深谋实一批具有牵引性、标志性项目，包括引江补 汉沿线补水工程、阜黄高铁、长江存储、国家重大科技基础设施等。首批937个省级重点项目，总投资 33904亿元，年度计划投资4084亿元。其中，100亿元以上项目84个，总投资16543亿元；50亿元至100亿 元项目97个，总投资6527亿元。 以1月底开工的引江补汉输水沿线补水工程为例，该工程属于水利领域，输水干线全长185.2公里，辐射 宜昌、荆门、襄阳3市14个县（市、区）。总投资156.62亿元，建成后每年可引4.82亿立方米长江水，有 效保障宜昌、荆门、襄阳等3市14县的生产生活供水与农业灌溉需求。 继2025年首次超过重大基础设施项目后，2026年湖北省级重点项目中重大产业项目比重再次提升，占比 达54.7%，较2025年提升5个百分点，总投资14116 ...

大家早上壕！ 先看海外要闻： 美股爆发AI恐慌，Anthropic新工具掀软件股抛售，美股科技板块、尤其是软件股，遭遇去年4月以来最惨抛售。资金涌入小盘股、价值股以及黄 金等。收盘标普500跌幅0.84%，道指跌幅0.34%，纳指跌幅1.43%。 科技七姐妹大跌1.5%，英伟达一度跌5%。绩后Paypal暴跌约20%、AMD盘后大跌超7%。 纳斯达克金龙中国指数收跌0.94%，硕迪生物收跌将近7%，大全新能源跌超4%，阿里跌约3%，阿特斯涨约5%。 美债收益率小幅走低，10年期美债收益率下行0.6个基点至4.266%。美元跌0.15%。 加密货币盘中暴跌。比特币一度跌超7%、跌破去年4月低点，以太坊一度暴跌约9%、逼近2100美元，尾盘均显著反弹，但仍下跌。 现货黄金大反弹6.2%，一度逼近5000美元。白银日内涨幅一度达12%，随后涨幅回落、仍涨逾7%。原油日内涨超2%，报道称美军在阿拉伯海击 落了一架伊朗无人机。 英伟达接近达成一份协议，将在本轮投资中对OpenAI出资200亿美元。 西部数据称已有客户询问2030年供应。 国内重大事件汇总： 1、中央一号文件《中共中央 国务院关于锚定农业农村现代化 扎实 ...

Market Overview - Major indices showed positive performance with North Stock 50 up by 3.27%, Shenzhen Component Index up by 2.19%, ChiNext Index up by 1.86%, Sci-Tech Innovation 50 up by 1.39%, and Shanghai Composite Index up by 1.29% [1] Domestic News - Aibang ARAI announced that Yunguang Technology has commenced its 12-inch Micro OLED production line, which will achieve mass production of high-end silicon-based micro-display panels, with an annual capacity of approximately 60,000 12-inch wafers, equivalent to about 80 million 0.13-inch micro-displays and 4 million 1.32-inch micro-displays, expected to be completed by 2027 [1] - Changjiang Storage's third phase project, a key integrated circuit industry project in Wuhan, is set to commence production this year, with the installation of giant cleanroom equipment currently underway [1] - Chip导科技 plans to acquire 100% of Shunlei Technology for 403 million yuan, which will enhance its power semiconductor industry layout and expand into new downstream application markets leveraging Shunlei's customer base in automotive electronics, industrial control, photovoltaic energy storage, and network communication [1] - The Yongjiang Laboratory has made significant technological breakthroughs in the research of heterogeneous integration, successfully producing high-quality single-crystal silicon carbide wafers with a thickness of 20-30 micrometers, achieving industry-leading core indicators [1] Overseas News - In the semiconductor packaging and testing sector, a California court dismissed Samsung Electronics' FRAND contract and antitrust lawsuit against ZTE, indicating that Samsung has faced setbacks in various lawsuits globally, giving ZTE a clear advantage in the global patent battle [2] - Hyundai Motor Group plans to introduce AI humanoid robots produced by its subsidiary Boston Dynamics in its U.S. factories starting in 2026, with plans to deploy over 30,000 units in response to profit pressures from U.S. tariffs [2] - Oracle intends to raise $45 billion to $50 billion through a combination of bond and stock issuance to expand its cloud infrastructure capacity to meet the demands of major cloud clients including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI Corp [2] - SpaceX announced the completion of its acquisition of xAI, integrating both businesses into a vertical system covering rocket launches, space internet, direct mobile communication, and AI computing [2] AI News - SenseTime has open-sourced its multimodal autonomous reasoning model SenseNova-MARS, which surpasses Gemini-3-Pro and GPT-5.2 in core benchmark tests for multimodal search and reasoning [3] - OpenAI launched a desktop application for MacOS called Codex MacOS, designed as a command center for building intelligent agents, featuring capabilities for task automation and support for Skills [3] - Domestic AI comic production tools are accelerating, with Lingzhi platform completing internal testing and planning to launch by the end of the month, addressing traditional production inefficiencies [3] - Carbon Robotics introduced a new AI model named "Large Plant Model" (LPM), trained on over 150 million photos and data points collected from more than 100 farms across 15 countries where robots are currently operating [3] Industry Tracking - Shanghai's government report emphasized the implementation of the "Artificial Intelligence +" initiative, focusing on enhancing computing power facilities and promoting the widespread application of new intelligent terminals and agents [4] - In Suzhou, collaborative robot manufacturer Fao achieved over 13,000 signed orders in a year, a year-on-year increase of 86%, becoming the largest domestic exporter in the collaborative robot sector [4] - A Chinese team has established the world's first nuclear spin quantum sensing network, designed to capture traces of dark matter, with results published in the journal Nature [4] - Zhejiang Yuanda's 12th cast film production line has arrived at its new production base, expected to be operational by the 2026 Spring Festival, featuring advanced multi-layer co-extrusion systems for various packaging applications [4]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ ***************END*************** 半导体公众号推荐 半导体论坛百万微信群 2月3日消息，在全球存储芯片供应严重短缺的背景下，中国两大存储巨头正加速扩张以抢占市场先机。 据日经亚洲报道，中国两大头部存储芯片制造商，长鑫存储与长江存储已启动史上最大规模扩产计划， 力图缩小与三星、SK海力士等国际龙头的差距。 报道称，作为中国最大DRAM厂商，长鑫存储正在上海建设新工厂，新增产能将达其合肥总部基地的两 至三倍。 该厂计划于2026年下半年启动设备安装，2027年正式投产，产品覆盖服务器、PC、汽车电子等领域， 同时，公司还在上海扩建HBM生产线，瞄准AI算力需求。 有知情人士表示，长鑫存储在合肥、北京的两处工厂已处于满负荷运转状态，"本土企业需求极为旺 盛，公司希望尽快扩大产能。" 至于中国头部NAND厂商长江存储也在武汉建设第三座工厂，计划于2027年投产。 据透露，长江存储已明确新厂产能规划，除生产NAND外，50%产能将用于DRAM制造；同时还将与本 土存储封装企业 ...

Group 1 - The article discusses potential tax adjustments targeting the financial and internet service sectors, with concerns that the tax rate for internet value-added services may rise from 6% to align more closely with the 32% rate of the liquor industry due to high profit margins [1][2] - There are rumors that high-tech enterprises may no longer qualify for the 15% preferential tax rate, shifting to a standard 25% corporate income tax rate, which could significantly impact major internet companies like Tencent and Alibaba [1][2] - The recent VAT law changes have raised investor concerns about possible tax increases across various sectors, including internet services and finance [2] Group 2 - Citigroup believes the likelihood of widespread tax increases in the short term is low, but the era of significant tax reductions may be over, as fiscal pressures mount due to factors like declining land transfer revenues and increased social security expenditures [6] - The article notes that the current economic environment shows weak domestic demand, which may limit the government's ability to implement broad tax hikes [6] Group 3 - The A-share market experienced a rebound, with the Shanghai Composite Index rising by 1.29%, and trading volume decreased by 411.38 billion yuan compared to the previous day [12] - The aerospace sector saw significant activity, with several stocks hitting the daily limit, driven by upcoming space missions and increased interest in space-related technologies [12][13] - The article highlights the performance of various sectors, noting that the power equipment, defense, and machinery sectors saw the largest net inflows of capital, while non-ferrous metals and banking sectors faced outflows [30][38] Group 4 - The article mentions that the central government's recent policy document emphasizes agricultural modernization and the integration of AI and technology in agriculture, which could create investment opportunities in related sectors [19] - In the semiconductor industry, major Chinese manufacturers are planning significant expansions to close the gap with market leaders amid a global chip shortage [20] Group 5 - The CDN industry is expected to experience growth as cloud service providers have begun raising prices, breaking a long-standing trend of price declines [21] - The robotics sector is seeing increased investment, with significant funding rounds reported for companies focused on humanoid robots and AI applications [22]

【文/观察者网 阮佳琪】 当地时间3日，《日经亚洲》援引知情人士消息称，在全球存储芯片供应严重短缺的背景下，中国两大 头部存储芯片制造商——长鑫存储、长江存储，正紧抓缩小与市场领导者差距的黄金机遇，启动史上最 大规模的扩张计划。 据消息人士透露，作为中国最大的动态随机存取存储器（DRAM）厂商，长鑫存储正在上海扩建工厂， 新增总产能将达到其合肥总部基地的两至三倍。 上述人士称，上海新厂将生产面向服务器、计算机、汽车电子及其他电子产品的DRAM，设备安装计划 于2026年下半年启动，2027年正式投产；同时，该公司还在上海扩建高带宽存储器（HBM）生产线。 HBM是人工智能领域的核心组件。 一位知情人士表示，长鑫存储在合肥、北京的两处工厂已处于满负荷运转状态，"本土企业需求极为旺 盛，公司希望尽快扩大产能。" 2019年5月15日，长鑫存储首次亮相国际论坛 长鑫存储官网 与此同时，总部位于武汉的中国头部闪存（NAND）厂商长江存储也在当地建设第三座工厂，计划于 2027年投产。 据消息人士所说，长江存储已明确新厂产能规划，除生产NAND外，50%产能将用于DRAM制造；同时 还将与本土存储封装企业合作，为人工智 ...

当90美元的芯片跌至10美元，中美芯片之争似乎已经迎来了大结局。 2026年开年，全球半导体市场传来一声惊雷，曾经售价高达90美元的通用芯片，如今价格暴跌至10美元区间，跌幅逼近90%。美光、英特尔等巨头财报接 连"爆雷"，美芯行业动荡。 美国半导体行业协会紧急向官方喊话要求调整政策，而部分美媒的报道却将矛头直指中国："责任在中国，因为他们不买了！"这话多少有些破防的意思！ 这场价格雪崩背后，绝非简单的市场波动，而是一场持续数年的科技博弈进入关键转折点的标志性事件。比尔·盖茨三年前的警告和预言似乎已经成真 ——"美芯最终将自食其果"。 回望十年前，全球芯片产业格局清晰而稳定。美国主导设计和高端制造，亚洲（主要是中国台湾和韩国）负责代工，中国则成为最大的消费市场。这一格局 下，中国市场的庞大需求成为美国芯片企业稳定的"利润压舱石"。 有一说一，美芯价格暴跌，"责任"确实在中国。但加速催化这一结果的是美国自己！美国的技术封锁已然成为了中国芯片产业爆发的"催化剂"。国家、企 业、科研机构、高校全力配合，加速自研。短短几年时间，中国芯就收获了累累硕果。 中芯国际通过设备升级实现7纳米制程量产，华为海思推出全本土制造的 ...