Core Viewpoint - The semiconductor sector, particularly domestic chip companies, is experiencing significant growth driven by the demand for AI-related technologies, as evidenced by strong earnings reports and stock performance of key players in the industry [1][3]. Group 1: Stock Performance - The "Chip Innovation" ETF (华宝, 589190) saw an increase of over 2% in afternoon trading, with leading companies like Cambrian (寒武纪-U) rising nearly 10% and achieving a transaction volume exceeding 10 billion [1]. - Other notable performers included Chip Source (芯源微) up over 5%, and Haiguang Information (海光信息) and Tuo Jing Technology (拓荆科技) both rising over 4% [1]. Group 2: Earnings Reports - Haiguang Information reported a revenue of 14.376 billion yuan for 2025, marking a year-on-year increase of 56.91%, with a net profit of 2.542 billion yuan, up 31.66% [2][3]. - Cambrian's earnings forecast indicates a revenue of 6 to 7 billion yuan for 2025, representing a staggering year-on-year growth of 410.87% to 496.02%, with a net profit expected between 1.85 billion and 2.15 billion yuan [3]. - Lanke Technology (澜起科技) anticipates a net profit of 2.15 to 2.35 billion yuan for 2025, reflecting a growth of 52.29% to 66.46% [3]. Group 3: Industry Outlook - The semiconductor industry is experiencing an upward trend, with AI driving demand for computing chips, storage chips, and wafer foundry services [3]. - Dongguan Securities highlights that the semiconductor equipment sector is entering a historic development window, suggesting a focus on performance realization in the short term and on domestic substitution and key technological breakthroughs in the long term [3]. Group 4: ETF Performance - The "Chip Innovation" ETF has achieved an annualized return of 17.93% since its inception, outperforming similar indices and demonstrating a better risk-return profile [5][6]. - The index has shown a maximum drawdown of -56.81%, indicating a relatively lower risk compared to other semiconductor indices [6].

消息面上： 英伟达Q4业绩不仅刷新了市场对AI算力需求的认知，更成为全球半导体行业的"强心剂"，间接为科创芯片ETF(588200)带来估值催化。 作为全球AI芯片的绝对龙头，英伟达的业绩表现直接反映了全球半导体行业的景气度，其技术迭代与订单情况也为国内半导体企业提供了重要参考。 科创芯片ETF(588200)标的指数今日涨1.4%，年初以来累计上涨16.54%，年内净流入30.93亿元，居同标的第一。 科创芯片ETF(588200)的标的指数上证科创板芯片指数堪称半导体产业的"超级工厂"，全面覆盖芯片设计、制造、设备、材料、封测全产业链，整合了 芯片从"画图"到"出厂"的所有关键环节，避免了单一环节波动对指数表现的过度冲击。 这种全链条布局的优势的尤为明显，在行业周期波动中，不同环节的业绩弹性可以形成互补，有效平滑指数波动，也是其抗风险能力强于单一赛道芯片 ETF的核心原因。 从权重分布来看，指数呈现"龙头压阵、集中度适中"的特征，兼顾稳定性与成长弹性。其中中芯国际作为具备高端芯片代工能力的企业，凭借稳定的代 工订单为指数提供"压舱石"作用；前十大权重股覆盖设计、制造、设备三大核心环节，合计占比59%。 如 ...

2月26日，A股三大指数涨跌不一。截至收盘，上证指数跌0.01%，深证成指涨0.19%，创业板指跌0.29%，科创综指涨1.29%，北证50指数跌0.15%。全市 场成交额25566亿元，较上一交易日增加757亿元。 午后，算力芯片概念拉升，寒武纪大涨近10%，截至收盘涨7.96%；云天励飞、海光信息、芯原股份、摩尔线程等跟涨。 | 丛米赤门 | 39.59 +20.01% +36.56% | | --- | --- | | 科创 688530 融 | | | 领涨龙头2 首板 最终涨停14:22 | | | 聚飞光电 | 9.30 +20.00% +28.63% | | 创 300303 融 | | | 首板 最终涨停13:36 | | | 明阳电路 | 35.16 +20.00% +66.32% | | 创 300739 融 | | | 人气龙头２ 领涨龙头1 最终涨停14:55 | | | 春晖智控 | 38.64 +20.00% +16.42% | | 創 300943 融 | | | 首板 最终涨停 11:29 | | | 杰普特 | 242.46 +20.00% +12.45% | | 科创 68 ...

【金融街证券ETF研究】证券研究报告 · 基金研究 | 2026/2/25 分析师:张一 S0670524030001 | 张宁 S0670524090001 | 刘艳平 S0670512050002 | 余闵华 S0670524050001 |周晟昂 S0670525050001 | 陈阳 S0670525120001 | 蔡萌萌 S0670524110001 | 徐娜 S0670524020001 "十五五"规划—人工智能(算力) 技术概况: 人工智能(ArtificialIntelligence,Al)是研究、开发 用于模拟、延伸和扩展人类智能的理论、方法、技术及应用系统的 一门技术科学,其核心在于通过计算机系统模拟人类智能,应用领 域涵盖机器人、语言识别、图像处理、智能决策等等。 2 筛选逻辑:以人工智能(AI)算力相关硬件上游、硬件、服务器等 产业链环节核心股票池为基础,通过基准指数权重穿透方法,计算 各ETF基准指数持股权重,保留权重较高的指数和ETF产品。 人工智能一算力产业链公司 一 服务器 9 硬件上游 算坑 · 德福科技 /菲利华 · 浪潮信息 / 紫光股份 产业能 · 工业富联 / 中兴 ...

格隆汇2月26日｜有投资者在互动平台向麒麟信安提问：公司近期接连与海光信息、景嘉微达成战略合 作，请问双方合作对公司未来的意义? 麒麟信安回复称，公司与海光信息、景嘉微达成战略合作，有利 于充分整合各方在核心芯片、操作系统及行业解决方案等方面的优势资源，通过深化技术适配、产品协 同及市场拓展，进一步完善公司信创产业生态布局，提升产品综合竞争力与市场覆盖能力，对公司未来 业务发展具有积极意义。 ...

2月26日，市场探底回升，三大指数涨跌不一，创业板指盘中一度跌超1%，黄白线分化。截至收盘，沪指跌0.01%，深成指涨 0.19%，创业板指跌0.29%。 板块来看，PCB、CPO、液冷服务器、算力芯片概念等表现强势，电力板块走强，小金属概念表现活跃，环保股尾盘拉升。下 跌方面，影视院线、保险、房地产等板块跌幅居前。 全市场超2800只个股下跌。沪深两市成交额2.54万亿元，较上一个交易日放量759亿。 在节后资金持续回流的支持下，今天A股遭遇回调，但展现出较强韧性。 | 名称 | 贡献度 | 涨跌幅 | | --- | --- | --- | | 塞武纪-U | 2.3862 | 7.96% | | 润泽枝 | 1.6571 | 17.71% | | 胜宏科技 | 1.2863 | 7.75% | | 盤甲壓烯 | 1.1612 | 10.00% | | 天孚通信 | 1.0536 | 6.01% | | 沪电股份 | 0.9879 | 10.00% | | #湖股份 | 0.9845 | 7.76% | | 海肥亮奥 | 0.9572 | 2.52% | | 工业富联 | 0.7363 | 0.98% | ...

专题：A股节后迎高胜率窗口 新一轮上行可期 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2．电网设备 北京科锐、神马股份、杭电股份等多股涨停。 截至收盘，沪指报4146.63点，跌0.01%；深证成指报14503.79点，涨0.19%；创指报3344.98点，跌 0.29%。 盘面上，元件、CPO、铜缆高速连接板块涨幅居前；影视院线、保险、房地产板块跌幅居前。 热点板块： 1．算力芯片 寒武纪涨近10%，聚飞光电、杰普特20cm涨停，中天科技、烽火通信等多股涨停。 消息面上，国产算力芯片龙头海光信息公告，预计一季度实现归属于母公司所有者的净利润6.2亿元— 7.2亿元，同比增长22.56%—42.32%。 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！ 2月26日消息，市场全天探底回升，三大股指涨跌不一。板块方面，算力芯片股午后拉升，明阳电路、 聚飞光电、杰普特20cm涨停；电网设备板块震荡走强，北京科锐、神马股份、杭电股份等多股涨停； 商业航天概念持续走高，抚顺特钢涨停；下跌方面，影视院线板块持续调整，博纳影业领跌；房地产板 块表现低迷，华联控股领跌；创新药板 ...

Group 1 - The core viewpoint of the articles highlights the significant growth in the AI and computing chip sectors, driven by the increasing demand for AI capabilities and the release of new domestic AI models [1][2][3] - The recent surge in stock prices for companies like Cambricon, CloudWalk, and others indicates a bullish sentiment in the computing chip market, with Cambricon rising nearly 10% [1] - Nvidia's fourth-quarter earnings report shows record revenue of $68.1 billion, a 20% quarter-over-quarter increase and a 73% year-over-year increase, with net profit reaching $42.96 billion, reflecting over 90% growth [1][2] Group 2 - Nvidia plans to unveil a revolutionary new AI chip at the GTC 2026 conference, indicating advancements in technology nearing physical limits [2] - SK Hynix announced a plan to invest 21.6 trillion KRW (approximately $15.07 billion) in a new chip production line in South Korea by 2030 to meet rising semiconductor demand [2] - The AI infrastructure is triggering a "super cycle" in upstream materials, with price increases in electronic fabrics and a significant rise in HBM demand affecting DRAM wafer capacity [2][3] Group 3 - The global storage market is expected to experience price increases throughout 2026, driven by rising raw material costs and increased manufacturing expenses [3] - The digital chip design industry is projected to grow due to strong order demand, with AI servers and high-performance computing driving long-term growth [3] - The release of new storage chip capacities in late 2026 to early 2027 is anticipated to alleviate global supply constraints and stabilize storage prices [3] Group 4 - The Sci-Tech Chip Design ETF (589210) and the Sci-Tech AI ETF (588760) have seen significant inflows and price increases, reflecting investor confidence in the semiconductor and AI sectors [4] - The Sci-Tech Chip Design ETF has experienced a share increase of 18 million since the beginning of February 2026, with a net inflow of 5.77 million CNY [4] - The Sci-Tech AI ETF has also seen a substantial increase in scale, with a growth of 45.83 million CNY in the past two weeks [4]

格隆汇2月26日｜中韩半导体ETF(513310)今日收涨9.64%，报4.321元，盘中最高至4.33元，逼近涨停价 4.335元，溢价率为20.98%，成交额为86.99亿元。自去年10月以来，该基金因高溢价持续对外发布风险 提示。根据最新披露的信息，该基金前五大重仓股分别为三星电子、SK海力士、寒武纪、中芯国际、 海光信息。消息面上，SK海力士昨日宣布未来五年拟投资21.6万亿韩元兴建芯片厂，韩国基准股市 KOSPI指数今日再创历史新高，收涨3.67%；寒武纪午后大涨，一度涨近10%，最终收涨7.96%；海光信 息昨日公告2025年营收增56.91%，净利增逾三成，今日收涨2.52%。 MACD金叉信号形成，这些股涨势不错！ ...

| H70529@capital.com.tw | | --- | | 何利超 目标价(元) 270 | 2026 年 2 月 26 日 公司基本资讯 | 产业别 | | 通信 | | | --- | --- | --- | --- | | A 股价(2026/2/25) | | | 246.48 | | 上证指数(2026/2/25) | | | 4147.23 | | 股价 12 个月高/低 | | 308.46/127.87 | | | 总发行股数(百万) | | | 2324.34 | | A 股数(百万) | | | 2324.34 | | A 市值(亿元) | | | 5729.03 | | 主要股东 | | 曙光信息产业 | | | | | 股份有限公司 | | | | | | (27.96%) | | 每股净值(元) | | | 9.68 | | | 一个月 三个月 | | 一年 | | 股价涨跌(%) | -3.0 15.4 | | 60.2 | 近期评等 | 出刊日期 | 前日收盘 | 评等 | | --- | --- | --- | | 2025-4-2 | 153.72 | 买进 | ...