公开资料显示，德明利成立于2008年，2022年在深市主板挂牌上市，核心业务涵盖闪存主控芯片设计、 存储模组产品方案开发及生产销售，提供全链路存储解决方案。公司产品线覆盖固态硬盘、嵌入式存 储、内存条及移动存储四大系列，广泛应用于车载电子、数据中心、新能源汽车等多元场景。 回溯过往数据，德明利的业绩经历了与行业周期深度绑定的波动历程。2022年公司实现营业收入11.91 亿元，归母净利润6749.99万元，处于稳健经营区间。2023年行业进入调整期，公司营收回升至17.76亿 元，但归母净利润仅2499.85万元，同比下滑63%。2024年行业触底回升，公司业绩强势反弹，全年营 业收入达47.73亿元，同比激增168.74%，归母净利润3.51亿元，同比大幅增长1302.30%。 市场分析认为，目前存储行业正迎来AI驱动的新一轮增长周期，国产替代与产业链协同发展为国内企 业带来机遇。行业内模组厂商凭借主控自研能力、快速市场响应力及供应链优势，有望持续受益于行业 上行趋势。 实际上，德明利的业绩爆发并非个例，同期存储板块多家企业均呈现业绩增长态势。作为板块龙头之一 的佰维存储此前也发布了业绩盈喜预告，预计202 ...

1月16日，2026九通品牌出海峰会在深圳成功举办。峰会以"跨境品牌下半场"为主题，汇聚了来自平 台、品牌、资本、物流及AI赋能等品牌出海全生态链的千余名从业者。会上，九通携手生态伙伴，从 趋势判断、能力重构、路径升级三大维度，系统拆解了全球化品牌的增长逻辑，并首发《100+行业数 据白皮书》，分享多组真实可复制的AI驱动增长案例，旨在为全球品牌提供一套可决策、可落地的行 动框架。 01 盛会启幕：势能破圈，资源汇聚 本次峰会由九通主办，联合了追因科技、深圳市跨境电子商务协会联合主办、侃侃跨境的协办支持。本 届峰会的核心价值在于，首次将分散的精英力量汇聚成一条完整的"中国品牌出海生态链"，并形成从趋 势判断、能力重构到路径升级的战略闭环。同时，峰会通过视频号「跨境进化论」进行全程直播，吸引 了超万名跨境从业者的共同参与，线上线下共同见证了这场关于品牌出海的年度思辨。 势能破圈，资源汇聚，本次峰会，现场座无虚席，这不仅是一次行业聚会，更是一次在变化中锚定方 向、在共识中凝聚力量的生态联动。 面对全球市场环境的变化与AI技术的冲击，碎片化的单点解决方案已无法满足品牌出海需求，下半场 的竞争，是长期主义、系统能力与 ...

Market Performance - The STAR Market 50 Index decreased by 5.5%, the STAR 100 Index fell by 5.7%, the STAR Composite Index dropped by 6.2%, and the STAR Growth Index declined by 6.6% this week [1][3] - As of yesterday, the STAR Market 50 ETF (588080) saw a net inflow of over 300 million yuan this week [1] Economic Outlook - Barclays Research recently released a quarterly global economic outlook report, indicating that the narrative of AI-driven growth will continue to deepen until 2026, marking an irreversible trend [1] - In terms of investment outlook, Barclays is optimistic about the performance of Chinese stocks, predicting a strong performance in 2025, with major indices weighted heavily towards Chinese stocks showing good trends [1] Valuation Metrics - The rolling price-to-earnings (P/E) ratios for the STAR Market indices are as follows: STAR 50 at 149.8 times, STAR 100 at 207.1 times, STAR Composite at 203.6 times, and STAR Growth at 149.6 times [3] - Despite the positive outlook, Chinese stocks remain relatively undervalued compared to other major markets [1]

Group 1 - The 30-year government bond futures main contract fell by 0.31% on November 21, closing at 115.570 yuan, while the 10-year, 5-year, and 2-year contracts showed minor fluctuations [1] - The China Securities Convertible Bond Index decreased by 1.05% to 482.94 points, with notable gains in Dongshi Convertible Bond (+7.29%) and Fuxin Convertible Bond (+2.81%), while Guocheng Convertible Bond saw a significant drop of 17.06% [1] - On November 21, the top ten stocks by net capital inflow included Kaimete Gas and Yidian Tianxia, with inflows ranging from 254 million to 768 million yuan, particularly highlighting the media sector [1] Group 2 - Barclays Research recently released a global economic outlook report, predicting that the AI-driven growth narrative will continue to deepen until 2026, indicating an irreversible trend [2] - UBS Wealth Management's Chief Investment Office raised its gold price forecast for 2026, while major state-owned banks like Bank of China and Agricultural Bank of China are viewed as safe havens amid economic uncertainty, with significant stock price increases [3] - The latest report from Chaos Tiansheng Research Institute indicates that lithium carbonate prices are rising due to improved demand expectations in the lithium battery industry, predicting a tight balance in global lithium resource supply and demand by 2026 [3]

Market Overview - The Hong Kong stock market showed mixed performance with the Hang Seng Index closing up 0.25% at 24,969.68 points and a total trading volume of HKD 215.42 billion [1] - The Hang Seng China Enterprises Index rose by 0.32% to 8,916.85 points, while the Hang Seng Tech Index fell by 0.38% to 5,439.16 points [1] Blue Chip Performance - Semiconductor company SMIC (00981) led the blue-chip stocks, rising 5.03% to HKD 51.15, contributing 17.41 points to the Hang Seng Index [2] - Other notable blue-chip performers included Zhongsheng Holdings (00881) up 4.01% and Orient Overseas International (00316) up 3.13% [2] Sector Highlights - Semiconductor stocks rebounded, with SMIC and Huahong Semiconductor both gaining over 5% [3] - The insurance sector saw significant gains, with China Pacific Insurance (02601) up 6.2% and New China Life Insurance (01336) up 3.86% [5][6] - Coal stocks were active, with China Shenhua Energy (01088) rising 3% and Yanzhou Coal Mining (01171) up 2.95% [6] Emerging Trends - The global semiconductor market is expected to continue its optimistic growth trajectory, driven by AI and domestic demand [4] - The dairy sector showed strong performance, with Aoyuan Group (02425) surging 43.15% [4] - The insurance industry is adjusting to a new regulatory environment, with a decrease in preset interest rates expected to lower costs for new business liabilities [6] Notable Stock Movements - Zhonghui Biotech (02627) surged 31.31% due to strong demand for its vaccine products [7] - Fosun International (00656) rose 13.3% following news of its application for a stablecoin license [8] - Chongqing Machinery (02722) announced a profit increase of approximately 50% for the first half of the year, leading to a 5.92% rise in its stock price [10] - Jin Sangzi (06896) experienced a significant drop of 23.64% due to a profit warning, anticipating a 37% decrease in profit compared to the previous year [11]