2025年9月22日，截至收盘，沪指跌0.18%，报收3821.83点；深成指跌0.29%，报收13119.82点；创业板 指涨0.21%，报收3114.55点。科创半导体ETF（588170）涨4.66%，半导体材料ETF（562590）涨 6.04%。 东莞证券认为，AI渗透与国产替代趋势明确，维持半导体板块超配评级。受益AI驱动需求复苏和关键 领域国产替代持续推进，半导体行业自2023年下半年以来逐步进入景气复苏周期，且2024年、2025年一 季度营收、净利润维持增长态势，盈利能力也从2024年下半年开始逐步修复，并于25Q1实现同比正向 增长。建议从成长空间和长期确定性出发，把握25Q1业绩表现较好的半导体设备与材料、AI算力、AI 终端芯片、模拟芯片、半导体封测等细分板块。 相关ETF：公开信息显示，科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418）跟 踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（59%）和半导体材料（25%）细分 领域的硬科技公司。半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代天花 板较高属性，受益于人工智 ...

Group 1 - The core index of the Sci-Tech Innovation Board for chips has risen by 1.70%, with significant gains from stocks such as Lanke Technology (up 7.46%) and SIRUI (up 6.81%) [1] - The Sci-Tech Chip ETF (588200) has shown a remarkable performance, with a cumulative increase of 60.52% over the past year, ranking first among comparable funds [1] - The trading volume of the Sci-Tech Chip ETF reached 7.30 billion yuan, with a turnover rate of 2.89% [4] Group 2 - The Sci-Tech Chip ETF has seen a significant increase in scale, growing by 76.50 million yuan over the past two weeks, leading among comparable funds [4] - The ETF's share count has increased by 531 million shares in the same period, also ranking first among comparable funds [4] - The latest net inflow of funds into the Sci-Tech Chip ETF is 181 million yuan [4] Group 3 - A strategic merger was announced between Zhongke Shuguang, a main board company, and Haiguang Information, a Sci-Tech board company, marking a significant event in the capital market [4] - The semiconductor industry is entering a recovery phase driven by AI demand and domestic substitution trends, with expected revenue and net profit growth in the first quarter of 2024 and 2025 [4] - The top ten weighted stocks in the Sci-Tech Chip Index account for 57.93% of the index, with major players including SMIC and Haiguang Information [5]