消息面上，据SIA最新数据，10月全球半导体销售额同比激增33%，总额达713亿美元（约合人民币5040 亿元），其中DRAM（动态随机存取存储器）销售额同比飙升90%。 日前，WSTS也发布最新全球半导体市场预测报告指出，预计2025年全球半导体营收将同比增长22.5% 至7720亿美元，2026年将进一步增长26.3%逼近1万亿美元大关，主要增长原因是AI与数据中心需求带 动逻辑芯片与存储器市场持续火热。 华泰证券指出，2026年继续看好存储周期，涨价在AI数据中心的拉动下或具备一定持续性，国内存储 芯片及配套环节均有望受益；国内代工厂以及存储IDM扩产有望在26年开始加速，同时技术节点向先进 制程以及3D堆叠等方向迈进，上游国产设备商同步受益。 12月8日上午，半导体设备ETF（561980）盘中低开高走拉涨1.24%，成份股海光信息大涨超4%，寒武 纪涨3.40%，上海新阳、晶升股份、中芯国际等多股走强。 | | 1分 5分 15分 30分 60分 日 周 月 季 年 多周期 设置 画线 分时走势 半导体设备ETF 最新:1.954 均价:1.931 IOPV:1.9557 | | 冷值 叠 区 信息 ...

Core Viewpoint - The article discusses the significant growth and investment opportunities in the gas turbine and HRSG (Heat Recovery Steam Generator) sectors, particularly focusing on Siemens Energy and its market dynamics driven by increasing electricity demand and structural changes in the energy sector [1][3]. Group 1: Gas Turbine Market Dynamics - The core challenge in gas turbine production lies in the main engine, which must withstand high temperatures and pressures, with only Siemens Energy, GE, and Mitsubishi Heavy Industries capable of manufacturing them [3]. - Siemens Energy has a backlog of orders totaling €138 billion, a 42% increase from 2022, with €65 billion coming from service-related orders, indicating strong demand in the gas services and grid technology sectors [3]. - Global electricity demand is expected to grow nearly 50% over the next decade, with AI and data centers projected to double their electricity consumption in the same period [3]. Group 2: Growth in Gas Services - The gas services segment is identified as the primary growth driver for Siemens Energy, as gas-fired power generation emits half the carbon of coal, making it a viable alternative [4]. - From 2025 to 2035, the global annual increase in gas-fired power generation capacity is expected to reach 90-100 GW, nearly double the average of the past decades, with data centers contributing 15%-20% to this demand [4]. Group 3: Capacity Expansion and Market Demand - Siemens Energy is accelerating capacity expansion, with plans to increase large gas turbine production in Berlin from 35 units per year to 50 by 2027, and to double the medium gas turbine capacity in Sweden to 100 units by 2028 [5]. - The current production capacity is fully booked, with a delivery cycle of 2-3 years, highlighting a tight market supply situation [5]. - Siemens Energy has achieved a 100% attachment rate for long-term service agreements for large gas turbines, with profit margins on new agreements expected to increase by over 500 basis points compared to existing contracts [5]. Group 4: Domestic HRSG Companies' Outlook - The outlook for domestic HRSG companies in international markets appears optimistic, with BYTH's Vietnam project planning four HRSG production lines in phase one and eight in phase two, targeting North American gas turbine contractors [7]. - HRSG units account for only 7-8% of value but represent 30-40% of power generation capacity, with expectations of price increases exceeding 30-40% due to a 50% supply-demand gap [7]. - Xizi Clean Energy has established a strong position in the global high-end HRSG market through successful projects in Pakistan and Nigeria, with products exported to over 50 countries [7].

此外，公司曾表示，全球连接器行业需求一直稳步上升，保持增长，尤其中国地区不断的技术迭代和需 求规模增长，使得连接器具有广阔的市场前景。未来公司将不断加强技术研发及产品预研，加强海外市 场拓展；不断扩展AI与数据中心、人形机器人、低空经济等新的应用领域。 8月4日晚间瑞可达(688800)在股票交易异常波动公告中表示，截至目前，公司人形机器人产品经过前期 的研发，现已开始小批量供货，预计2025年该业务板块的销售收入约1000万元，占2024年营业收入比例 为0.41%。由于目前尚处于产业初期，在公司的实际业绩中占比较小，该业务板块当年实现的销售收入 尚存在不确定性。 公告显示，瑞可达股票交易连续3个交易日内(7月31日、8月1日、8月4日)收盘价格涨幅偏离值累计达到 30%。截至8月4日收盘，公司股价67.2元/股，涨幅4.84%，换手率18.7%，成交额25.97亿元。 瑞可达表示，目前生产经营正常，生产经营未发生重大变化。近期有媒体关注到瑞可达有应用于人形机 器人的产品，已小批量供货中。该业务板块当年实现的销售收入尚存在不确定性，请投资者理性对待市 场热点概念，注意投资风险。 瑞可达是专业从事连接器产品的 ...