1月27日晚，沐曦股份披露上市后首份业绩预告。预计2025年度实现营业收入16.00亿元至17.00亿元，与 上年同期相比，将增加8.57亿元至9.57亿元，增幅为115.32%至128.78%。 在营收持续向好的同时，沐曦股份的亏损也大幅收窄。预计同期归母净利润亏损6.5亿元至7.98亿元，与 上年同期相比，亏损收窄43.36%至53.86%。 实际上，亮眼的业绩表现早有迹象。据其招股书显示，截至2025年上半年，沐曦股份GPU芯片累计销量 已超过2.5万颗。截至去年9月末，公司在手订单金额高达14.3亿元，接近2024年全年收入的2倍，公司预 计最早或在2026年实现盈亏平衡。 而沐曦股份的业绩增长，也与行业高景气密不可分。国信证券在研报中分析称，由于全球AI算力+存力 持续高景气，对于产业链供应资源的抢占日益突出。"通胀"已从结构性到全面性，对相关企业的经营业 绩增加了弹性预期。 沐曦股份称，业绩大幅增长主要得益于两个因素：一方面是公司股份支付费用较上年同期有所减少，对 公司利润产生正向影响，降低公司亏损幅度，使得公司经营业绩呈现减亏向好的发展态势。 另一方面是，公司产品及服务获得下游客户的广泛认可与持 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 今天上午，有色金属板块全面大涨，油气开采板块走强。美元指数大跌、地缘事件等是两者共同的 催化因素。"三桶油"、有色双巨头紫金矿业、洛阳钼业均上涨。 市场对资源股的热情，也蔓延至其他的周期板块，化工、钢铁、煤炭等板块上涨，此外，化工板块 还受益于涨价主题催化。 同样 受涨价主题催化的还有 半导体板块，相关概念股上午表现活跃。龙头公司 中微半导 1月27日 发布涨价通知函，截至上午收盘 涨超14%，早盘触及"20CM"涨停。 截至上午收盘，上证指数上涨0.49%，深证成指上涨0.09%，创业板指下跌0.37%。全市场半日成 交额超1.93万亿元。 有色金属、油气开采板块大涨 今天上午，有色金属板块全面大涨，其中，贵金属板块领涨，招金黄金、四川黄金、湖南黄金等个 股涨停。 | 贵金属 | 8006.33 10.26% | | | | --- | --- | --- | --- | | 成分股 基金 | 简况(F10) | 资金 | 板块分析 | | 名称代码 | 最新 | 涨幅 ◆ | 流通市值 | | 晓程科技 融 300 ...

今天上午，有色金属板块全面大涨，油气开采板块走强。美元指数大跌、地缘事件等是两者共同的催化因素。"三桶油"、有色双巨头紫金矿业、洛阳钼业 均上涨。 市场对资源股的热情，也蔓延至其他的周期板块，化工、钢铁、煤炭等板块上涨，此外，化工板块还受益于涨价主题催化。 同样受涨价主题催化的还有半导体板块，相关概念股上午表现活跃。龙头公司中微半导1月27日发布涨价通知函，截至上午收盘涨超14%，早盘触 及"20CM"涨停。 | | | 11.67 JL.L7 | P | | --- | --- | --- | --- | | | | 11:29 52.29 | 4 | | 36.57 | | -20.00% 11:29 52.30 | 2 | | 09:30 | 11:30 【下】【一】【下】【的】【以】【以】【的】【，】【了】【，】【了】【，】【了】【了】【了】【了】【了】【了】【了】【了】【 | 15:00 11:29 52.29 45 | | 截至上午收盘，上证指数上涨0.49%，深证成指上涨0.09%，创业板指下跌0.37%。全市场半日成交额超1.93万亿元。 有色金属、油气开采板块大涨 今天上午，有色金属板块全面 ...

今天上午，有色金属板块全面大涨，油气开采板块走强。美元指数大跌、地缘事件等是两者共同的催化 因素。"三桶油"、有色双巨头紫金矿业、洛阳钼业均上涨。 市场对资源股的热情，也蔓延至其他的周期板块，化工、钢铁、煤炭等板块上涨，此外，化工板块还受 益于涨价主题催化。 同样受涨价主题催化的还有半导体板块，相关概念股上午表现活跃。龙头公司中微半导1月27日发布涨 价通知函，截至上午收盘涨超14%，早盘触及"20CM"涨停。 | 中微半导 V | | | | | | --- | --- | --- | --- | --- | | 688380 制 融 L1 沪 | | | | | | 54.85 市值 209.35亿 52.29 | | | 量比 1.82 | | | 50.80 | | 流通 88.40亿 | 换 19.91% | | | 6.58 14.40% | 51.09 | 市盈™ 117.76 | 额 17.73亿 | | | 同在顺 异动解读:MCU涨价+业绩预增+存储芯 … 帮诺 | | | | | | 分时 日K | 周K 月K | 五日 車多 ▲ | | | | 120分 60分 | 30分 | 15分 ...

Market Overview - Semiconductor equipment continues to show strength, closing up 7.5% [1] Factors Driving Upward Movement - On January 6, the Ministry of Commerce announced strengthened export controls on dual-use items to Japan, impacting Japan's semiconductor equipment and materials market, where companies like Tokyo Electron and Advantest are significant players. This move is expected to allow Chinese companies to gradually capture market share from Japanese semiconductor firms [3] - NVIDIA's announcement at CES regarding its storage pooling technology is expected to increase NAND demand, with each GPU corresponding to 16TB capacity. This has led to a strong performance in the storage sector, indicating a favorable outlook for semiconductor equipment [4] Future Outlook Catalyst 1: Storage Sector - DRAM and NAND Flash spot prices have increased by over 300% since September 2025, with Q4 contract prices up 75% year-on-year. The storage price increase is expected to continue into Q1 2026 due to ongoing capacity constraints and accelerating AI demand [5] - AI GPU demand is projected to maintain a steep growth trajectory, with storage capacity constraints becoming a key investment theme through 2026. The trend towards 3D stacking in storage is expected to benefit semiconductor equipment manufacturers [5] Catalyst 2: Lithography Machine Imports - Recent data shows that lithography machine imports reached 4.6 billion yuan in November, with significant volumes imported in the preceding months. This indicates strong expansion demand in the semiconductor sector [6] Investment Thesis - The current narrative around storage and semiconductor equipment is driven by genuine benefits from global AI demand, distinguishing it from previous cycles. The semiconductor equipment ETF is seen as having clear catalysts and relatively low valuations, with a P/E ratio of 94.81x as of January 6, which is below other mainstream semiconductor indices [7]

作为国内领先的AI存力芯片设计企业，得一微电子始终致力于构建安全、可靠、高性能的存力基石， 让每比特数据创造更多智能。本次获奖的SGM8205J系列车规存力芯片，采用得一微自研主控芯片和自 主固件，搭载国内原厂NAND Flash颗粒，实现了从芯片设计、流片到封装测试的全链路国产化，为汽 车存力芯片的技术自主性与供应链安全提供了坚实保障。 在性能与可靠性方面，SGM8205J芯片表现卓越，顺序读写性能皆超过300MB/s，支持P/E磨损次数 ≥100,000次，在可靠性、能效和环境适应性等关键指标上深度优化，充分满足数字仪表、T-Box、 ADAS、智能座舱、车载娱乐系统等车载系统应用场景需求，为智能汽车的海量数据处理、实时决策提 供强大的"AI存力"支撑。 基于强大的定制化服务能力，得一微电子正与多家主流整车厂及Tier1厂商紧密合作，精准对接需求， 加速国产高性能存力芯片的规模化上车应用。未来，得一微电子将持续以创新的AI存力解决方案，为 汽车产业的"新四化"浪潮夯实数据根基，助力中国汽车在全球赛道上行稳致远，驰骋未来。 近日，中国汽车工业协会主办的2025中国汽车供应链大会在芜湖成功举办，现场揭晓了"2 ...

Group 1: AI Computing Power - The global infrastructure wave is driving significant growth in AI computing power, with major cloud service providers (CSPs) expected to increase capital expenditures (CapEx) to over $600 billion in 2026, representing a 40% year-on-year increase [5][24][25] - NVIDIA anticipates that the total shipment of Blackwell and Rubin GPUs will reach 20 million units by the end of 2026, generating approximately $500 billion in sales [31][33] - The demand for AI servers is expected to maintain high growth, with shipments projected to rise from 1.6 million units in 2024 to 2.4 million units in 2026 [25][28] Group 2: AI Storage - The storage industry is entering a "super cycle" due to a rebound in demand driven by AI applications, with DRAM and NAND Flash prices expected to rise significantly [52][64] - Major storage manufacturers have successfully reversed the supply-demand imbalance through strict production control, leading to a clear upward trend in prices for both DRAM and NAND Flash [52][64] - The demand for high-capacity SSDs is rapidly increasing, particularly in AI training, which is accelerating the replacement of traditional HDDs with QLC SSDs [7][52] Group 3: End-Side AI - AI is reshaping the hardware landscape for smart terminals, with AI smartphone penetration expected to rise from approximately 18% in 2024 to 45% in 2026 [7][19] - The success of AI glasses, such as Ray-Ban Meta, indicates a growing market for AI-integrated wearable technology, with significant sales growth anticipated in 2026 [7][20] - The development of humanoid robots is gaining momentum, with traditional consumer electronics manufacturers entering the robotics supply chain, driven by advancements in AI models [7][21] Group 4: Investment Recommendations - Recommended companies in the AI computing power sector include Industrial Fulian, Huadian Technology, and Shenghong Technology for overseas chains, and Cambrian, Chipone, and SMIC for domestic chains [7][8] - In the AI storage sector, companies like Demingli, Jiangbolong, and Baiwei Storage are highlighted, along with niche players such as Zhaoyi Innovation and Beijing Junzheng [7][8] - For end-side AI, recommended companies include Rockchip, Lexin Technology, and Lens Technology, focusing on SoC and consumer electronics [7][8]

Market Overview - The A-share market experienced a decline, with over 4,100 stocks falling, and the lithium battery industry chain leading the downturn [1] - The Shanghai Composite Index closed down 0.81% at 3,939.81 points, while the Shenzhen Component and ChiNext Index fell by 0.92% and 1.16%, respectively [1] - Total trading volume for the day was 1.95 trillion yuan, slightly up from 1.93 trillion yuan the previous day [1] Lithium Battery Sector - The lithium battery industry chain saw significant declines, with companies like Huasheng Lithium, Zhongyi Technology, Tianli Lithium Energy, and Yishitong dropping over 10% [1] - Coal stocks continued to weaken, with Antai Group and Yunmei Energy hitting the daily limit down [1] - Chemical stocks also fell, with companies like Fulim Precision and Qingshuiyuan dropping over 10% [1] AI Applications and E-commerce - AI application stocks remained strong, with companies like Rongji Software and Fushi Holdings hitting the daily limit up [2] - The e-commerce sector, particularly Pinduoduo and Xiaohongshu concepts, showed robust performance, with stocks like Xuanya International and Guangyun Technology also reaching the daily limit up [2] - The National Medical Products Administration encouraged the launch of new cosmetic products in China, which is expected to boost the beauty and personal care industry [2] Future Market Outlook - Zhongyin Securities predicts that the market may continue to oscillate around the 4,000-point mark in the short term, with limited directional breakthroughs [3] - The volatility of risk assets may increase as investment pressures become more apparent in the fourth quarter [3] - The focus is on sectors with significant supply-demand imbalances, particularly in AI storage and power sectors, including storage chips and gas turbines [3] Investment Themes - Huaxi Securities emphasizes that the A-share market is currently characterized by stock selection and thematic investments, particularly in areas related to the 14th Five-Year Plan, such as energy storage and new materials [4] - The market environment is favorable for small and medium-sized stocks and thematic investments, especially those benefiting from the "anti-involution" trend [4]

Market Overview - The market experienced a decline today, with significant drops in the Asia-Pacific region, particularly in Japan and South Korea [1][2] - Bitcoin and gold also saw sharp declines, with the Nasdaq 100 futures dropping by 1% and the Dow futures down by 0.5% [1] Factors Influencing the Market - Analysts attribute the global asset decline to two main factors: the Federal Reserve's interest rate expectations and the rise in Japanese government bond yields [1] - The expectation that the Fed may not lower interest rates in the first half of next year has contributed to market uncertainty [1] - Japanese 10-year government bond yields have risen above 1.75%, nearing the highest level since 2008, which could significantly impact global liquidity [1] Sector Performance - AI applications led the market gains, with notable performances from companies like Alibaba and various software firms [2] - The internet e-commerce sector also showed strength, with stocks like Liren Lijiang and Lafang Jiahuaz rising sharply [2] - Conversely, sectors such as coal and steel experienced significant declines, with companies like Antai Group dropping nearly 10% [2] Stock Movements - A total of 1,278 stocks rose while 4,106 fell, with 61 stocks hitting the daily limit up and 37 hitting the limit down [3] - Major inflows were noted in communication equipment, IT services, and software development sectors, with stocks like Xinyi Sheng and Beifang Huachuang attracting significant investment [4] Future Market Outlook - Zhongyin Securities predicts a continuation of the 4,000-point market fluctuation, with limited directional breakthroughs expected in the short term [8] - The market is currently in a state of "high uncertainty" regarding the Fed's interest rate decisions, which will heavily depend on upcoming inflation and employment data [8] - Huaxi Securities emphasizes that the A-share market remains focused on stock selection, particularly in energy storage and domestic substitution sectors [9]

Core Viewpoint - The market continues to experience fluctuations, with major indices showing mixed performance and a significant number of stocks declining, particularly in sectors like coal and steel, while AI applications and certain technology stocks show strength [1][4]. Group 1: Market Performance - As of November 18, major indices closed with the Shanghai Composite Index down 0.56%, Shenzhen Component down 0.43%, and ChiNext down 0.43%, while the Sci-Tech 50 Index rose by 0.93 [1]. - Over 4,000 stocks declined in the market, indicating a bearish sentiment overall [1]. Group 2: Sector Highlights - The AI application sector continues to perform well, with stocks like Rongji Software and Shiji Information hitting the daily limit up, driven by positive news such as Alibaba's launch of the "Qianwen" project and the upcoming release of Google's Gemini 3.0 model [3]. - The internet e-commerce sector is also strong, with companies like Liren Liyang and Lafang Jiahua reaching their daily limit up, supported by government encouragement for new cosmetic products [2]. Group 3: Institutional Insights - Zhongyin Securities suggests that the market may continue to oscillate around the 4,000-point mark, with limited directional breakthroughs expected in the short term due to uncertainties surrounding the Federal Reserve's interest rate decisions [4]. - Huaxi Securities emphasizes that the A-share market is primarily focused on existing stocks, with attention on sectors like energy storage and domestic substitution, as well as the impact of U.S. economic data on market sentiment [6]. - Guotou Securities notes that historical trends suggest a potential return of the technology sector in early next year, with a focus on global AI industry trends and the performance of major tech companies' earnings reports [7].