Core Viewpoint - The storage industry is facing both opportunities and challenges this year, with leading companies like 澜起科技 (Lianqi Technology) poised for growth through international expansion and innovation in chip design [1][2]. Group 1: Company Strategy and Goals - 澜起科技 plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and attract talent, aiming to strengthen its core competitiveness [2][3]. - The company’s strategic goal for the next five to ten years is to become a leading international full interconnect chip design company, focusing on high-performance interconnect solutions for cloud computing and AI infrastructure [2][3]. Group 2: Business Performance and Market Outlook - In Q1 2025, 澜起科技 reported sales revenue of 1.139 billion yuan for interconnect chip products, a year-on-year increase of 63.92% and a quarter-on-quarter increase of 17.19%, marking eight consecutive quarters of growth [3]. - The company anticipates strong demand for DDR5 memory interface chips and high-performance interconnect chips, with orders exceeding 1.29 billion yuan for Q2 2025 [3][4]. - In 2024, 澜起科技 achieved revenue of 3.639 billion yuan, a year-on-year growth of 59.2%, and a net profit of 1.412 billion yuan, up 213.1% [4]. Group 3: Market Trends and Projections - The global memory interface chip market is projected to grow from 1.009 billion USD in 2024 to 1.268 billion USD in 2025, with a CAGR of 28.5% from 2025 to 2031 [4]. - By 2028, the global storage interface chip market is expected to reach 19.475 billion yuan, driven by the increasing penetration of DDR5 technology [4]. Group 4: Competitive Position - 澜起科技 holds a 43.35% market share in the memory interface chip sector as of 2023, with significant clients including major DRAM manufacturers like Samsung, SK Hynix, and Micron [5]. - The company's successful listing and financing are expected to enhance its brand and technical barriers, facilitating further business expansion [5].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内 容来自上海证券报，作者：刘怡鹤，谢谢 。 又一家国产GPU企业顺利完成IPO辅导！日前，中国证监会网上办事服务平台信息显示，沐曦集成 电路（上海）股份有限公司（简称"沐曦股份"）IPO辅导状态已变更为"辅导工作完成"。 | | | 全国一体化在线政务服务平台 | | | 「巨容以力加力下」「《松母丁酉州Ⅲ云工人 | | --- | --- | --- | --- | --- | --- | | | | 中国证券监督管理委员会网上办事服务平台（试运行） | | | | | 公开发行辅导公示 | | 辅导对象 | 辅导机构 辅导状态 派出机构 报告类型 报告标题 | 备案时间 | | | 北京 | 天津 | 安徽拒芯半导体科技股份有 脂√■ | 安徽证监局 辅导工作完成报告 关于安徽拒芯半导... | 国泰海通证券股份有限公司 2023-11-28 辅导验收 | | | 河北 - | II | | | | | | 内蒙古 | 辽宁 | 锐牛股份有限公司 | 光大证券股份有限公司 江苏证监局 辅导管震报告 关于锐牛股份有限 ... | 2025-06-20 辅导留 ...

来源：内容编译自businesskorea 。 如果您希望可以时常见面，欢迎标星收藏哦~ 据报道，华盛顿正在考虑撤销允许韩国芯片制造商引进美国芯片设备进行设施升级的豁免，韩国芯 片制造商在中国的运营再次面临不确定性。 据《华尔街日报》周六报道，三星电子和 SK 海力士是韩国领先的芯片制造商，在中国设有大型半 导体工厂，这两家公司上周收到通知，美国政府计划取消豁免。 这些豁免是根据拜登政府的出口管制措施授予的，旨在阻止包括应用材料公司和科林研发公司在内 的先进芯片制造工具运往中国。然而，为了避免扰乱全球供应链，美国已向三星电子、SK海力士 和台积电等主要芯片制造商提供了为期一年的豁免，允许它们无需单独许可即可进口设备。 据报道，美国总统唐纳德·特朗普第二任期内负责工业和安全事务的商务部副部长杰弗里·凯斯勒已 告知这些公司，政府打算取消豁免。凯斯勒称此举是"特朗普政府打击美国关键技术流向中国举措 的一部分"。 白宫官员补充说，芯片设备的许可制度可能类似于中国对稀土出口的管制。 尽管近年来美国加大力度遏制中国半导体行业的增长，但韩国芯片制造商已采取措施降低潜在风 险，因此预计短期影响有限。然而，这些公司仍保持警惕， ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自moneyDJ 。 台积电先进制程打遍天下无敌手，2纳米即将正式量产登场。设备供应链最新传出，台积电在2纳 米家族(N2/N2P/A16)产能规划相当积极，其中新竹宝山厂(Fab20)月产能规划约5~6万片；而高雄 厂(Fab22)更将成为重镇，共有六个phase，2028年底目标达到14.5~15万片/月，等于届时总月产 能将上冲约20万片，显示客户需求相当强劲。 据供应链消息，台积电新竹宝山2纳米厂2025年第四季月产能将达到4~4.5万片规模，2026年底到 2027年达到约5.5~6万片。高雄厂将成为2纳米扩产重心，P2在2025年底就会有1~1.5万片到位， 随后P3~P6将陆续启用，2026~2028年底产能将分别达到5万~5.5万片、8万片、14.5~15万片。 总和来说，台积电2纳米月产能最快于2026年底可达到超过10万片的规模，2028年总计来到约20 万片，若加计未来美国厂部分，更是不仅于此。客户方面，除了抢头香的超微(AMD)外，还有苹 果、高通、联发科(2454)、迈威尔、博通、比特大陆….等众多一线大厂。 台积电首度采用环绕式 ...

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of 78.95 billion HKD on June 23, 2023, indicating strong investor interest in certain stocks while others faced net sell-offs [1]. Group 1: Net Buying and Selling Activities - The top net bought stocks included Meituan-W (03690) with 15.14 billion HKD, China Construction Bank (00939) with 8.43 billion HKD, and SMIC (00981) with 6.78 billion HKD [4][5]. - The stocks with the highest net selling included Alibaba-W (09988) with 12.85 billion HKD, CNOOC (00883) with 3.26 billion HKD, and Xiaomi Group-W (01810) with 3.18 billion HKD [5]. Group 2: Company-Specific Developments - Meituan announced a strategic transformation to expand its instant retail business, which includes exploring a "next-day delivery + self-pickup" model and shutting down operations in certain regions while retaining key markets like Guangdong and Hangzhou [4]. - China Construction Bank's stable asset quality and strong dividend yield were highlighted in a report by Zhongtai Securities, which recommended the banking sector due to its resilience in a "weak cycle" environment [4]. - SMIC's net buying was influenced by reports of potential changes in U.S. policy regarding technology exemptions for major semiconductor companies operating in China [5]. - Alibaba's net selling was attributed to its restructuring efforts, integrating Ele.me and Fliggy into its e-commerce division to enhance synergies in the instant retail sector [5].

长江商报消息 ●长江商报记者 沈右荣 全国高考成绩将陆续放榜，与此同时，我国新型研究型大学越来越多，学子们有了新选择。 6月21日，东方理工大学（暂定名）官网披露，近日，教育部批复设立宁波东方理工大学，定位为新型 研究型大学，首批设置数理基础科学、智能制造工程等4个本科专业，计划今年将在浙江省内招收首批 本科学生。 东方理工大学由"芯片首富"虞仁荣于2020年捐资建设。根据此前的公开信息，虞仁荣捐资可能超过300 亿元。 虞仁荣是豪威集团（603501.SH）实际控制人。豪威集团的前身是韦尔股份，一家知名芯片企业。经过 多次并购，尤其是耗资135亿元收购北京豪威后，公司一跃成为图像传感器龙头。 在经历2年调整后，豪威集团的盈利能力快速恢复。2024年，公司盈利逾33亿元，今年一季度盈利数达 到8.66亿元。 Wind数据显示，上市以来，豪威集团累计盈利约137亿元。 二级市场上，上市以来，豪威集团股价累计上涨约23倍。虞仁荣因此被称为中国"芯片首富"。 值得一提的是，6月20日，虞仁荣实际控制的另外一家芯片企业新恒汇（301678.SZ）登陆创业板，市值 达百亿。 东方理工大学首设4个本科专业 "芯片首富"捐 ...

Market Overview - The A-share market opened lower but closed higher, with the Shanghai Composite Index rising by 0.65% to 3381.58 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 11,226 billion yuan, an increase of 549 billion yuan compared to last Friday [1] - The market showed a broad-based rally, with active sectors including innovative drugs, copper-clad laminate industry, cobalt metals, and cross-border payment concepts [1] Sector Performance - The innovative drug sector was notably active, with companies like ShenZhou Cell rising by 16.66% and Junshi Biosciences increasing by 5.15% [1] - The copper-clad laminate industry saw Huazheng New Materials increase by 6.17% [1] - The cobalt metal sector experienced significant gains, with Tengyuan Cobalt rising by 15.42% [1] - Cross-border payment concept stocks also surged, with notable increases in companies like Lakala and Sifang Jingchuang [1] Competition and Incentives - The 64th session of the "Digging Gold" competition began, with participants using simulated capital of 500,000 yuan [1][3] - Participants can earn rewards based on positive returns, with weekly and monthly cash prizes available [3][5] - The competition encourages participants to engage with market trends and investment strategies through a dedicated WeChat group [3][8] Technical Analysis - Market experts noted that the Shanghai Composite Index is currently supported by the 90-day moving average, with a resistance level at 3400 points, indicating a range-bound trading pattern [4] - A significant increase in trading volume is necessary for a potential breakout above the 3400-point resistance [4] Investment Opportunities - Experts are optimistic about high-dividend assets such as insurance, highways, and water supply [5] - There is a positive outlook on sectors like copper-clad laminates, 5G, semiconductors, and AI chips [5]

Core Viewpoint - The company, 美埃(中国)环境科技股份有限公司, specializes in air purification products and has established itself as a leader in the domestic semiconductor cleanroom equipment sector, with significant growth in revenue and net profit. Company Overview - 美埃科技 focuses on the research, production, and sales of air purification products and atmospheric environmental governance products, with its main products being fan filter units, filters, and air purification equipment [3][7] - The company was founded on June 21, 2001, and was listed on November 18, 2022, with a primary revenue composition of 88.04% from fan filter units and filter products [7] - As of March 31, 2025, the company reported a revenue of 317 million yuan, a year-on-year increase of 16.02%, and a net profit of 41.92 million yuan, a year-on-year increase of 18.45% [8] Market Position and Technology - The company has been a long-term supplier to 中芯国际, providing essential products that meet high cleanliness standards for advanced semiconductor manufacturing processes [2] - It has developed products that meet international cleanliness standards (ISO Class 1) for the domestic 28nm lithography equipment, contributing to overcoming critical technology challenges in the domestic semiconductor industry [2] - The company is recognized as a national-level specialized and innovative "little giant" enterprise, indicating its leading position in the air purification market [3] Shareholder and Financial Analysis - As of March 31, 2025, the number of shareholders was 4,335, a decrease of 8.49%, with an average of 11,761 circulating shares per person, an increase of 9.27% [8] - The company has distributed a total of 53.76 million yuan in dividends since its A-share listing [8] - Major institutional shareholders include 易方达科讯混合 and 易方达科融混合, with notable reductions in their holdings [8]

Core Viewpoint - The article discusses the recent performance and challenges faced by Cambrian (寒武纪), highlighting its significant market value drop despite achieving profitability for the first time. The increasing competition in the AI chip sector and the diminishing uniqueness of Cambrian's offerings are key factors contributing to its stock price decline. Group 1: Company Performance - Cambrian's market value peaked at over 340 billion yuan in February but has since fallen to around 230 billion yuan [1] - The company reported its first-ever profits, with net profits of 272 million yuan and 355 million yuan expected in Q4 2024 and Q1 2025, respectively [1] Group 2: Competitive Landscape - The competitive pressure on Cambrian has intensified, particularly from Huawei and Haiguang Information, which are becoming stronger in the AI chip market [3] - Cambrian's latest chip, the Shiyuan 590, has performance close to 80% of NVIDIA's A100, but it is still outperformed by Huawei's Ascend series [5][6] Group 3: Financial Challenges - Despite achieving profitability, Cambrian's financial situation remains precarious, with negative operating cash flows of -1.618 billion yuan and -1.399 billion yuan for Q4 2024 and Q1 2025, respectively [8] - The company's cash reserves have halved to 1.972 billion yuan in 2024 and are expected to drop further to 638 million yuan in Q1 2025 [8] - Cambrian's R&D expenses are significantly high, exceeding its revenue, with Q1 2025 R&D spending reaching 235 million yuan [8] Group 4: Market Valuation - Cambrian's current market capitalization is approximately 239.6 billion yuan, which implies a required annual profit of 4.717 billion yuan to justify its valuation, necessitating a more than threefold increase in quarterly net profit [9] - The potential for a price drop in AI chips due to increased domestic competition raises questions about Cambrian's high valuation sustainability [9]

Market Overview - A-shares and Hong Kong stocks in the chip and semiconductor sector experienced significant gains, with the A-share market showing mixed results overall [1][3] - As of the morning close on June 23, the Shanghai Composite Index rose by 0.15%, while the Shenzhen Component Index and the ChiNext Index fell by 0.16% and 0.33%, respectively [4][3] Sector Performance - The chip and semiconductor equipment concept stocks led the market with gains exceeding 1%, with specific stocks like Wavelength Optoelectronics hitting a 20% limit up, and others like Yubo Technology and Huacan Optoelectronics rising over 11% [5][6] - The coal sector was the top performer among various sectors, with gains exceeding 1%, followed by oil and petrochemicals, national defense, and non-ferrous metals [4] Individual Stock Highlights - China Tianrui Cement saw a dramatic increase, with its stock price rising over 60% at one point, following the announcement of a turnaround in its annual performance, reporting a profit of 279 million yuan for the year ending December 31, 2024, compared to a loss of 634 million yuan the previous year [10] - Pacific Shipping also experienced a significant rise, with its stock price increasing by over 20% after announcing the issuance of 28.626 million shares as part of its share award plan [11] Risk and Volatility - Several stocks, including Changcheng Military Industry and Maohua Shihua, have seen consecutive limit-up trading days, indicating high volatility and investor interest [7][8] - Changcheng Military Industry issued a risk warning due to a cumulative stock price increase of 37.06% over a short period, highlighting the potential for significant price corrections [8]