来源：新浪证券-红岸工作室 11月11日，汇成股份涨2.67%，成交额8.57亿元，换手率6.34%，总市值135.21亿元。 异动分析 存储芯片+先进封装+芯片概念+人民币贬值受益+专精特新 1、2025年10月14日公司，合肥新汇成微电子股份有限公司举办特定对象调研活动，向舟资本、兴全基 金、平安资管等多家机构投资者披露重磅布局：公司通过直接与间接投资相结合，拿下合肥鑫丰科技有 限公司（简称 "鑫丰科技"）27.5445% 股权，并与鑫丰科技股东华东科技（苏州）有限公司（简称 "华 东科技"）达成战略合作，共同拓展 3D DRAM 等存储芯片封测业务，瞄准 AI 基建时代下存储芯片的爆 发式需求。 2、据2023年2月投资者关系活动记录表： Chiplet先进封装技术是凸块制造、Fan-out、3D、SiP等高端先 进封装技术的集合，公司掌握的凸块制造技术是Chiplet的基础之一。在研发端，公司将以客户需求为导 向，基于凸块制造技术，纵向拓展技术边界，积极布局Fan-out、2.5D/3D、SiP等高端先进封装技术。 3、合肥新汇成微电子股份有限公司的主营业务是集成电路高端先进封装测试服务。公司的主要产 ...

Core Viewpoint - The stock of Shanghai Silicon Industry Co., Ltd. has experienced fluctuations, with a recent decline of 2.04% and a year-to-date increase of 25.19%, indicating volatility in the semiconductor materials sector [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 2.641 billion yuan, representing a year-on-year growth of 6.56%. However, the net profit attributable to shareholders was -631 million yuan, a decrease of 17.67% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 110 million yuan [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased by 28.31% to 78,700, while the average circulating shares per person decreased by 21.74% to 34,709 shares [2]. - The stock's trading activity shows a net outflow of 44.5 million yuan from main funds, with significant selling pressure observed [1]. Company Overview - Shanghai Silicon Industry Co., Ltd. specializes in the research, production, and sales of semiconductor silicon wafers and other materials, with 94.92% of its revenue derived from semiconductor silicon wafers [1]. - The company is categorized under the electronic-semiconductor-semiconductor materials industry and is associated with concepts such as integrated circuits and chip manufacturing [1].

Core Viewpoint - Anji Technology has shown significant stock performance with a year-to-date increase of 90.22%, indicating strong market interest and potential growth in the semiconductor materials sector [1][2]. Financial Performance - For the period from January to September 2025, Anji Technology reported a revenue of 1.812 billion yuan, representing a year-on-year growth of 38.09% [2]. - The net profit attributable to shareholders for the same period was 608 million yuan, reflecting a year-on-year increase of 54.96% [2]. Stock Market Activity - As of November 11, Anji Technology's stock price was 203.30 yuan per share, with a market capitalization of 34.267 billion yuan [1]. - The stock experienced a trading volume of 83.8253 million yuan, with a turnover rate of 0.25% [1]. - Over the last five trading days, the stock price increased by 5.66%, while it decreased by 0.25% over the last 20 days and increased by 38.77% over the last 60 days [1]. Shareholder Information - As of September 30, the number of shareholders increased to 16,800, a rise of 48.24% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 32.30% to 10,037 shares [2]. Dividend Distribution - Anji Technology has distributed a total of 178 million yuan in dividends since its A-share listing, with 125 million yuan distributed over the last three years [3]. Institutional Holdings - As of September 30, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 18.796 million shares, an increase of 6.0729 million shares from the previous period [3]. - The fourth-largest shareholder, Harvest SSE STAR Chip ETF, reduced its holdings by 120,300 shares to 2.666 million shares [3]. - New institutional investors include the Guotai CSI Semiconductor Materials and Equipment Theme ETF, holding 1.219 million shares [3].

Core Viewpoint - 联芸科技 has shown significant stock performance and growth in revenue and profit, indicating a positive outlook for the company in the semiconductor industry [1][2][3]. Group 1: Stock Performance - On November 11, 联芸科技's stock rose by 3.90%, reaching 58.87 CNY per share, with a total market capitalization of 27.08 billion CNY [1]. - Year-to-date, the stock price has increased by 44.18%, with a 6.90% rise in the last five trading days and a 27.56% increase over the past 60 days [1]. - The company has appeared on the龙虎榜 once this year, with a net buy of 163 million CNY on February 25 [1]. Group 2: Company Overview - 联芸科技, established on November 7, 2014, is located in Hangzhou, Zhejiang Province, and specializes in data storage control chips and AIoT signal processing and transmission chips [2]. - The revenue composition includes 85.68% from data storage control chips, 11.77% from AIoT signal processing and transmission chips, and 2.55% from other products [2]. - The company is classified under the electronic-semiconductor-digital chip design industry and is involved in several concept sectors, including integrated circuits and storage concepts [2]. Group 3: Financial Performance - For the period from January to September 2025, 联芸科技 reported a revenue of 921 million CNY, reflecting a year-on-year growth of 11.59%, and a net profit of 90.06 million CNY, up 23.05% year-on-year [2]. - As of October 31, 2025, the number of shareholders increased by 5.78% to 16,000, while the average circulating shares per person decreased by 5.47% to 4,374 shares [2]. Group 4: Institutional Holdings - As of September 30, 2025, notable new institutional shareholders include 嘉实上证科创板芯片ETF, holding 1.5658 million shares, and several other funds entering the top ten shareholders list [3].

Group 1 - The core viewpoint of the news is that Kangda New Materials has experienced fluctuations in stock price and trading volume, with a notable increase in revenue and profit year-on-year [1][2][3] Group 2 - As of November 10, Kangda New Materials' stock price decreased by 2.06% to 13.78 CNY per share, with a total market capitalization of 4.181 billion CNY [1] - The company has seen a year-to-date stock price increase of 43.09%, with a slight increase of 0.44% over the last five trading days, but a decline of 0.58% over the last 20 days and 4.44% over the last 60 days [1] - Kangda New Materials has appeared on the trading leaderboard three times this year, with the most recent instance on July 4, where it recorded a net buy of 3.1886 million CNY [1] Group 3 - Kangda New Materials specializes in the research, production, and sales of adhesives and electromagnetic compatibility products, with epoxy adhesives accounting for 74.85% of its main business revenue [2] - The company is classified under the basic chemical industry, specifically in adhesives and tapes, and is involved in various sectors including semiconductor and consumer electronics [2] - As of September 30, the number of shareholders increased by 18.22% to 28,300, while the average circulating shares per person decreased by 15.41% to 10,675 shares [2] Group 4 - For the period from January to September 2025, Kangda New Materials achieved a revenue of 3.75 billion CNY, representing a year-on-year growth of 72.10%, and a net profit of 84.048 million CNY, up 209.90% year-on-year [2] - The company has distributed a total of 215 million CNY in dividends since its A-share listing, with 21.1015 million CNY distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include new institutional investors, such as招商量化精选股票发起式A and 招商成长量化选股股票A [3]

Core Viewpoint - Changchuan Technology's stock has experienced significant fluctuations, with a year-to-date increase of 84.58% but a recent decline in the last 20 days by 11.91% [1][2] Company Overview - Changchuan Technology, established on April 10, 2008, and listed on April 17, 2017, is located in Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of integrated circuit equipment [1] - The main revenue components are testing machines (57.68%), sorting machines (32.73%), and others (9.59%) [1] Financial Performance - For the period from January to September 2025, Changchuan Technology achieved a revenue of 3.779 billion yuan, representing a year-on-year growth of 49.05%. The net profit attributable to shareholders was 865 million yuan, with a year-on-year increase of 142.14% [2] - Since its A-share listing, the company has distributed a total of 305 million yuan in dividends, with 187 million yuan distributed over the past three years [3] Shareholder Information - As of October 31, 2025, the number of shareholders for Changchuan Technology reached 132,100, an increase of 10.76% from the previous period. The average number of tradable shares per shareholder decreased by 9.71% to 3,674 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 9.9685 million shares (a decrease of 6.155 million shares), and E Fund's ChiNext ETF, holding 8.9526 million shares (a decrease of 1.5039 million shares) [3]

Core Points - Yanggu Huatai's stock price increased by 2.03% on November 10, reaching 15.11 CNY per share, with a market capitalization of 6.727 billion CNY [1] - The company has seen a year-to-date stock price increase of 27.15%, but a recent decline of 2.83% over the last five trading days [2] - Yanggu Huatai's main business involves the production, research, and sales of rubber additives, with high-performance rubber additives accounting for 56.52% of revenue [2] Financial Performance - For the period from January to September 2025, Yanggu Huatai reported revenue of 2.580 billion CNY, a year-on-year increase of 1.79%, while net profit attributable to shareholders decreased by 13.60% to 160 million CNY [2] - The company has distributed a total of 941 million CNY in dividends since its A-share listing, with 296 million CNY distributed over the last three years [3] Shareholder Information - As of October 31, 2025, the number of shareholders decreased by 1.48% to 29,600, with an average of 14,494 circulating shares per shareholder, an increase of 1.51% [2] - New institutional shareholders include Hong Kong Central Clearing Limited and Changxin Jinli Trend Mixed A, holding 2.3324 million shares and 1.95 million shares, respectively [3]

Core Viewpoint - The company, Wuhan LianTe Technology Co., Ltd., specializes in the research, production, and sales of optical communication transceiver modules, with a significant focus on 5G and data center applications. The company has shown strong revenue growth and benefits from the depreciation of the Renminbi. Company Overview - Wuhan LianTe Technology was established on October 28, 2011, and went public on September 13, 2022. The company primarily generates revenue from optical modules, with 92.72% from modules of 10G and above, 5.57% from modules below 10G, and 1.71% from material sales and leasing [7]. - As of September 30, 2025, the company had 24,900 shareholders, an increase of 7.14% from the previous period, with an average of 2,725 circulating shares per person, a decrease of 6.66% [8]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 847 million yuan, representing a year-on-year growth of 31.75%. The net profit attributable to the parent company was 81.8 million yuan, also reflecting a year-on-year increase of 31.39% [8]. Market Position and Trends - The company has developed core capabilities in optical chip integration, high-speed optical devices, and high-speed optical module design and production. Its products are essential components in data centers and 5G communication applications [2][3]. - The optical module market is experiencing rapid growth, particularly in the data communication sector, which has surpassed the telecommunications market to become the largest market for optical modules. The demand for optical modules in telecommunications is expected to surge due to 5G construction [2]. Technological Advancements - The company has implemented low-power design technology for its optical modules, significantly reducing power consumption through unique circuit design and algorithm optimization, providing a competitive advantage in 5G and data center applications [3]. Shareholder and Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the fourth largest shareholder, increasing its holdings by 533,300 shares. New institutional shareholders include Yongying Technology Driven A, while Southern CSI 1000 ETF reduced its holdings [9].

Core Viewpoint - The stock of Pirey Co., Ltd. has experienced a decline of 11.80% year-to-date, with recent trading showing mixed performance, indicating potential volatility in the semiconductor sector [1][2]. Financial Performance - For the period from January to September 2025, Pirey Co., Ltd. reported a revenue of 102 million yuan, representing a year-on-year decrease of 32.88% [2]. - The net profit attributable to the parent company for the same period was 20.11 million yuan, down 61.73% year-on-year [2]. Stock Market Activity - As of November 7, the stock price of Pirey Co., Ltd. was 14.16 yuan per share, with a market capitalization of 4.531 billion yuan [1]. - The stock has seen a trading volume of 81.02 million yuan and a turnover rate of 3.08% on the same day [1]. - The net outflow of main funds was 15.64 million yuan, with significant selling pressure observed [1]. Shareholder Information - As of October 20, the number of shareholders for Pirey Co., Ltd. was 32,100, a decrease of 1.43% from the previous period [2]. - The average number of circulating shares per shareholder increased by 1.45% to 5,754 shares [2]. Dividend Distribution - Since its A-share listing, Pirey Co., Ltd. has distributed a total of 58.02 million yuan in dividends, with 31.78 million yuan distributed over the past three years [3]. Company Overview - Pirey Co., Ltd. specializes in the research, production, testing, and sales of power semiconductor devices and systems, with 91.60% of its revenue coming from power electronic devices [1]. - The company is categorized under the semiconductor industry, focusing on concepts such as silicon carbide and third-generation semiconductors [1].

Group 1 - The stock price of Kangda New Materials increased by 2.24% on November 7, reaching 14.12 CNY per share, with a total market capitalization of 4.284 billion CNY [1] - Year-to-date, the stock price has risen by 46.63%, with a recent 5-day increase of 2.99% and a 20-day increase of 1.36% [1] - The company has appeared on the trading leaderboard three times this year, with the most recent net purchase of 3.1886 million CNY on July 4 [1] Group 2 - Kangda New Materials specializes in the research, production, and sales of adhesives and electromagnetic compatibility products, with epoxy adhesives accounting for 74.85% of its revenue [2] - As of September 30, the company reported a revenue of 3.75 billion CNY for the first nine months of 2025, representing a year-on-year growth of 72.10% [2] - The company has a total of 28,300 shareholders, an increase of 18.22% from the previous period, with an average of 10,675 circulating shares per shareholder [2] Group 3 - Since its A-share listing, Kangda New Materials has distributed a total of 215 million CNY in dividends, with 21.1015 million CNY distributed in the last three years [3] - Among the top ten circulating shareholders, two new institutional investors have emerged, with significant holdings [3]