March 1, 2026 11:28 PM GMT China Market-Wise | Asia Pacific M Idea Decoding China's Lagging Performance Outperformance of EM vs. China is mainly driven by an unprecedented memory cycle and under-representation of better-performing Chinese sectors in the index due to composition limits. We prefer A-shares over Hong Kong/offshore and real-asset focused sectors amid market and geopolitical uncertainty. China's YTD performance (MSCI China down by 1.2%) has significantly lagged broad EM (MSCI EM YTD up 15%) desp ...

证券之星消息，根据企查查数据显示圣邦股份（300661）公布了一项国际专利申请，专利名为"高边开 关驱动电路和高边驱动芯片"，专利申请号为PCT/CN2025/097968，国际公布日为2026年2月26日。 图片来源：世界知识产权组织（WIPO） 今年以来圣邦股份已公布的国际专利申请6个，较去年同期增加了200%。结合公司2025年中报财务数 据，2025上半年公司在研发方面投入了5.08亿元，同比增21.54%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 专利详情如下： ...

2026 年 2 月 27 日 刘梦麟 SAC 执业证书编号： S0340521070002 电话：0769-22110619 邮箱： liumenglin@dgzq.com.cn 报 陈伟光 S0340520060001 电话：0769-22119430 邮箱： chenweiguang@dgzq.com.cn 资料来源：东莞证券研究所，iFind 究 超配（维持） 半导体行业双周报（2026/02/13-2026/02/26） 英伟达超预期财报彰显 AI 高景气 行 业 周 投资要点： 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 半导体行业 半导体行业指数近两周涨跌幅：截至2026年2月26日，申万半导体行业指 数近两周（2026/02/13-2026/02/26）累计上涨2.86%，跑赢沪深300指 数2.71个百分点；2026年以来申万半导体行业指数累计上涨17.18%，跑 赢沪深300指数15.09个百分点。 SAC 执业证书编号： 行业新闻与公司动态：（1）机构：涨价效应带动2025年第四季度 ...

算笔账 一批十万的呆料压在库存 每月仓储费➕资金成本至少5k 放半年就亏3万 有料单不知道怎么推广？ 芯片超人已经 累计服务2.2万用户 ，打折清库存，最快半天完成交易！ 找不到，卖不掉，价格还想再好 点 ，都可以来找我们！ | | F | | | | --- | --- | --- | --- | | ST/意法 | L9301-TR | 23+ | 2000 | | ST/意法 | L9678PTR | 23+ | 1000 | | NXP/恩智浦 | MK10DN512VLQ1023+ | | 240 | | TI/德州仪器 | TPS7A6650QDGNRQ1 | 23+ | 2500 | 求购以下料号 | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | 华邦 | W25Q16JVSSIQ30K | | 两年内 | | 三星 | K4AAG165WA BCTD | 10K | 两年内 | | 芯科 | RS9113-N00- D0W-X78 | 1764个 | 两年内 | | TI | TPS62932DRLR20K | | 现货 | | 华邦 | W2 ...

芯片超人已经 累计服务2.2万用户 ，打折清库存，最快半天完成交易！ 找不到，卖不掉，价格还想再好 点 ，都可以来找我们！ 算笔账 一批十万的呆料压在库存 每月仓储费➕资金成本至少5k 放半年就亏3万 有料单不知道怎么推广？ | 优势物料，特价出售 | | | | | --- | --- | --- | --- | | 品牌 | 型号 | 年份 | 数量 | | 华邦 | W988D6FBGX6I | 25+ | 6K | | 华邦 | W25Q16JVBYIQ | 22+ | 90K | | 华邦 | W25Q40CLWI | 22+ | 30K | | 英飞凌 | BTS724G | 两年内 | 10k | | --- | --- | --- | --- | | SKYWORKS | RFX2401C | 两年内 | 10k | | 三星 | KLM8G1GETF | 两年内 | 10k | | | B041 CXDB4CBAM | | | | CXMT/长鑫 | ML-A | 两年内 | 10k | | 三星 | K4B4G1646E | 24+ | 10k | | | BYMA | | | | 三星 ...

Group 1 - The A-share market experienced a collective decline on February 13, with the Shanghai Composite Index dropping by 0.26% during the session [1] - The consumer electronics sector showed resilience, with the Consumer Electronics ETF (159732.SZ) rising by 0.26% [1] - Notable performers within the consumer electronics sector included Jingce Electronics, which surged by 8.46%, and other companies like Zhaoyi Innovation and Jinghe Integrated, which rose by 3.41% and 3.32% respectively [1] Group 2 - According to Wellsenn XR's research, global AI smart glasses sales are projected to reach 4.5 million units by Q4 2025, marking a nearly 500% year-on-year increase [3] - In 2025, total AI smart glasses sales are expected to hit 7.46 million units, with Meta achieving over 6 million and Xiaomi contributing 160,000 units [3] - China Galaxy Securities anticipates continued rapid growth in the AI/AR glasses category, suggesting investment opportunities within the related supply chain [3]

Core Viewpoint - The article discusses the challenges of managing excess inventory in the semiconductor industry, highlighting the financial burden of storage and capital costs associated with unsold materials, while promoting a service that facilitates quick transactions for surplus stock [1][10]. Group 1: Inventory Management - A significant amount of excess inventory, specifically 100,000 units, is causing financial strain due to monthly storage and capital costs of at least 5,000, leading to a potential loss of 30,000 if held for six months [1]. - The company offers a platform, "Chip Superman," which has served 22,000 users and can complete transactions in as little as half a day, aiming to alleviate the burden of unsold inventory [10]. Group 2: Inventory Listings - The article lists various semiconductor components available for sale, including models from brands like Winbond, Infineon, and Broadcom, with quantities ranging from 2,000 to 500,000 units [4][5][6]. - Specific models include Winbond's W25Q16JVBYIQ with 90,000 units and Broadcom's BCM54991ELB0IFEBG with 12,653 units, showcasing a diverse inventory [4][5]. Group 3: Purchase Requests - The article also includes a section for purchasing requests, indicating demand for specific components such as Winbond's W25Q16JVSSIQ and Samsung's K4AAG165WA BCTD, with quantities up to 10,000 units [7]. Group 4: Warehouse and Quality Control - The company operates a 1,600 square meter smart warehouse with over 1,000 models and 50 million chips in stock, valued at over 100 million, ensuring quality control through an independent laboratory [9].

Group 1 - The core viewpoint of the news is that the semiconductor industry is experiencing significant growth, with global sales expected to reach $788.8 billion by December 2025, marking a year-on-year increase of 37.1% and a quarter-on-quarter increase of 2.7% [1][4] - China's semiconductor sales are projected to be $212.9 billion in December 2025, reflecting a year-on-year growth of 34.1% and a quarter-on-quarter growth of 3.8% [1][4] - The DRAM market is showing strong price increases, with contract prices in December and spot prices in January continuing to rise, and TrendForce forecasts a 144% increase in DRAM revenue to $404.3 billion by 2026 [1][6] Group 2 - The SW semiconductor index rose by 18.04% in January 2026, outperforming the electronic industry by 7.53 percentage points and the CSI 300 index by 16.39 percentage points [2] - The semiconductor sub-industries that performed well include integrated circuit packaging and testing (+32.58%), discrete devices (+20.75%), and semiconductor materials (+19.50%) [2] - As of January 31, 2026, the SW semiconductor index's price-to-earnings ratio (TTM) is 119.15x, positioned at the 91.62 percentile since 2019, indicating a relatively high valuation [2] Group 3 - In Q4 2025, active funds had a semiconductor heavy holding ratio of 11.66%, which is an overweight of 5.6 percentage points compared to the semiconductor market capitalization [3] - The top twenty heavy holdings included new entries such as Baiwei Storage and Changchuan Technology, while some companies like Chipone and Rockchip were replaced [3] - Companies like Zhongke Feimeng and Cambrian saw significant increases in their shareholding ratios, while others like Huahong and Yujie Technology experienced declines [3] Group 4 - The investment strategy suggests that storage prices remain strong, and the analog chip sector is entering an upward cycle, with TSMC expecting nearly 30% revenue growth in 2026 [5] - The report highlights the importance of the AI-driven demand for power-related ICs, predicting an increase in the average utilization rate of global 8-inch capacity to 85-90% by 2026 [5] - Companies in the storage supply chain such as Jiangbolong and Demingli are recommended for investment due to the expected growth in DRAM and NAND Flash revenues [6]

Core Viewpoint - The establishment of Wuhan Shengbang Microelectronics Co., Ltd. marks a strategic expansion into the integrated circuit sector by Shengbang Co., Ltd. [1] Group 1: Company Overview - Wuhan Shengbang Microelectronics Co., Ltd. has been registered with a capital of 30 million yuan [1] - The company is wholly owned by Shengbang Co., Ltd. (stock code: 300661) [1] Group 2: Business Scope - The business scope of the new company includes integrated circuit design, chip design and services, manufacturing, and sales [1] - The company will engage in various integrated circuit-related activities, indicating a comprehensive approach to the semiconductor market [1]

Group 1: Company Overview - Company reported a revenue of 2.801 billion yuan for the first nine months of 2025, representing a year-on-year growth of 14.55% [3] - The net profit attributable to shareholders for the same period was 343 million yuan, showing a year-on-year increase of 20.47% [3] - As of September 30, 2025, the number of shareholders reached 110,800, an increase of 128.90% compared to the previous period [3] Group 2: Market Dynamics - On February 3, 2026, the main funds for the company experienced a net outflow of 4.3702 million yuan, indicating a shift in short-term funding sentiment [2] - The company's stock price increased by 2.60% on February 3, closing at 69.33 yuan, with a trading volume of 1.295 billion yuan and a turnover rate of 3.05% [2] - The average trading cost of the stock was 74.19 yuan, approaching a technical support level of 70.52 yuan [5] Group 3: Industry Environment - The company operates in the analog chip design industry, which benefits from domestic substitution, automotive electronics, and the expansion of artificial intelligence demand [4] - Attention is needed regarding the global semiconductor industry's changing prosperity and the competitive landscape's impact on the company [4]