智通财经10月10日讯（记者 王碧微）A股市场"跨界"并购再添重磅案例，主营智慧照明工程的时空科技 （605178.SH）在经历了多年业绩低迷后，将目光投向了炙手可热的半导体存储赛道。 周四晚间，时空科技发布公告，公司正在筹划以发行股份及支付现金的方式，购买国内存储模组大厂深 圳市嘉合劲威电子科技有限公司（下称"嘉合劲威"）的控股权，并募集配套资金。该事项预计构成重大 资产重组，时空科技股票已于10月9日开市起停牌。 嘉合劲威官网信息显示，该公司成立于2012年，系国家级"专精特新"企业，自称是"国内最大的内存模 组厂商之一"。从公司发展历程来看，其阶段性成绩在国产存储行业崛起的浪潮中十分亮眼：2020年， 公司量产首款"中国芯"内存条光威弈Pro系列；2021年，率先量产DDR5内存模组，精准卡位技术迭代的 关键节点；更关键的是其产业链地位，公司与长江存储、合肥长鑫等国内存储原厂巨头均有深度合作。 公告显示，嘉合劲威的股东除了实控人张丽丽、陈晖夫妇外，还有厦门半导体投资集团、苏州招赢云 腾、温岭市国资等一众产业资本与地方国资的身影。 对于主业为智慧照明工程、业绩与宏观基建投资紧密相关的时空科技而言，此次收购 ...

上游存储颗粒涨价已波及市面上一些存储产品。记者近日走访深圳华强北了解到，今年7月一些DRAM产品价格"高位横盘"后，近期多类存储产品又迎来 涨价，涵盖内存条、固态硬盘、手机嵌入式存储，有产品近一个月涨了近20%。 还有商家表示，在一周时间内，单个固态硬盘的价格大概上涨了几十元，固态硬盘、机械硬盘价格都在上涨。 国庆中秋假期后A股首个交易日，多只存储概念股股价高开。今日早盘，华虹公司盘中股价上涨20%，雅克科技、通富微电涨停。此外，兆易创新盘中涨 超8%，股价站上230元/股，创历史新高，澜起科技涨超7%，德明利涨超4%，江波龙涨超8%，佰维存储涨超6%。 消息面上，9月下旬，韩国三星电子向主要客户发出第四季度提价通知，计划将部分DRAM（动态随机存取存储器）价格上调15%至30%，NAND闪存价 格上调5%至10%。美光在9月一度暂停部分存储芯片报价，恢复报价后，价格普遍上涨约20%。另一存储芯片巨头闪迪也在9月上调NAND闪存报价，幅度 约为10%，涉及消费级与企业级产品。 此前一些存储厂商提及与AI的关系。江波龙近期提到公司有用于AI数据中心的产品。佰维存储在业绩说明会上也表示已获得AI服务器厂商、头部互 ...

存储芯片概念9日盘中再度走强，截至发稿，灿芯股份、华虹公司20%涨停，均创出新高；德邦科技涨 超13%，北京君正、中微公司涨超10%，通富微电、深南电路、雅克科技等均涨停。 行业方面，CFM闪存市场近日发布2025年四季度存储市场展望报告。报告指出，预计四季度，服务器 eSSD涨幅将达到10%以上，DDR5 RDIMM价格涨幅约10%—15%；Mobile嵌入式NAND涨幅约5%— 10%，LPDDR4X/5X涨幅约10%—15%；PC端LPDDR5X/D5价格涨幅预计将落在10%—15%，cSSD价格 涨幅达5%—10%。2025年四季度，由于大型云服务商对高容量DDR5和eSSD新增需求显著，9月以来服 务器客户加单动作频频，新增订单需求超过原厂原计划的预期供应量，预计四季度eSSD涨幅将达到 10%，DDR5 RDIMM涨幅约10%—15%，原厂64GB DDR4 RDIMM价格或上涨15%至20%。 中信证券近日指出，9月以来，根据Bloomberg、CFM闪存市场，NAND Flash Wafer和部分存储模组均 有不同程度上涨，涨幅个位数。展望后续，Trend Force预计2025年四季度NAN ...

港交所官网信息显示，9月29日，深圳市晶存科技股份有限公司（以下简称"晶存科技"）在港交所递交 招股书，公司联席保荐人为招商证券国际、国泰君安国际。 | [編纂]的[編纂]數目 : [編纂]股H股(視乎[編纂]行 | | | --- | --- | | 使與否而定) | | | [编纂]數目 .. | [編纂]股H股(可予重新分配) | | [編纂]數目 | 編纂 股H股(可予重新分配及 | | 視乎[編纂 行使與否而定) | | | 最高 编纂] : | 每股H股[編纂]港元,另加1.0%經 | | 紀佣金、0.0027%證監會交易徵 | | | 賽 · 0.00015%會財局交易徵賽及 | | | 0.00565%香港聯交所交易費,須於申 | | | 請時以港元繳足且多繳股款可予退還) | | | 面值 | : 每股H股人民幣1.00元 | | [编纂] | : [編纂] | 晶存科技招股书封面 ▍专注于嵌入式存储产品，于全球该市场独立存储器厂商中排名第二 招股书显示，晶存科技成立于2016年，作为一家全球领先的嵌入式存储产品独立厂商，主要专注于嵌入 式存储产品及其他存储产品的研发、设计、生产和销售。公司 ...

Core Viewpoint - Shenzhen Jincun Technology Co., Ltd. has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, aiming to raise funds to alleviate cash flow pressures and capitalize on growth opportunities in the embedded storage market [1][4]. Company Overview - Jincun Technology, established in 2016, is a leading independent manufacturer of embedded storage products, focusing on the research, design, production, and sales of various storage solutions [4]. - The company's product offerings include DRAM-based products (DDR, LPDDR), NAND Flash-based products (eMMC, UFS), and multi-chip packaging (MCP) embedded storage products [4]. - Jincun Technology serves diverse end applications in consumer electronics, including smartphones, laptops, tablets, smart home devices, and industrial systems, providing high-performance and reliable data access capabilities [4]. Market Position - The global semiconductor storage product market is projected to grow significantly, with an expected market size of 13.8 billion units by 2024 and 19.4 billion units by 2029, reflecting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2029 [6]. - Jincun Technology ranks second among independent storage manufacturers in the global embedded storage market, holding a market share of 1.6% [6]. Financial Performance - Revenue for Jincun Technology from 2022 to 2024 was reported at RMB 2.096 billion, RMB 2.402 billion, and RMB 3.714 billion, respectively, with net profits showing volatility [9][10]. - In the first half of 2025, the company achieved revenue of RMB 2.060 billion, a year-on-year increase of 19.33%, while net profit decreased by 6.2% [9][10]. Cash Flow Situation - The company has experienced negative cash flow from operating activities from 2022 to 2025, with net cash outflows of RMB 1.79 billion, RMB 2.29 billion, RMB 4.90 billion, and RMB 2.61 billion, indicating a worsening trend [11][12]. - The cash flow issues are attributed to the cyclical nature of the storage industry, high supplier concentration, and challenges in managing working capital [11]. Shareholder Structure - Prior to the IPO, the controlling shareholder, Wen Jianwei, holds approximately 54.98% of Jincun Technology's shares [8].

存储芯片市场正站在货品交易和股市交易共同上行的阶段。 9月30日，根据Wind统计，"存储器"板块领跑市场，截至收盘，存储器指数上涨5.46%，多只 个股涨停。 记者丨骆轶琪 编辑丨包芳鸣 涨价趋势 经历此前存储市场低迷行情后， 上游存储厂商已将战略重心转向更能受益于AI大模型浪潮的 产品 ，产能调整正是这一战略转向的关键举措。 并且， 调整的重心已从最初的NAND领域延伸至DRAM领域 ，核心目标在于抢占需求更旺 盛、利润更丰厚的增量市场。 | 资料 | 成分 | 资讯 | 相关基金 | 月度收益 | | --- | --- | --- | --- | --- | | 名称 | | 现价 | 涨跌幅 = | | | 江波龙 | | 178.03 | 20.00% | 0.00% | | 301308.SZ | | | | | | 恒焼股份 | | 54.71 | 11.88% | -0.38% | | 688416.SH | | | | | | 聚辰股份 | | 162.47 | 10.47% | 1.39% | | 688123.SH | | | | | | 普冉股份 | | 112.28 | 10.29 ...

随着美光、三星等厂商陆续宣布减产DDR4和LPDDR4，将大部分产能转向DDR5和LPDDR5，以手机为 代表的终端存储市场正面临结构性紧俏；闪迪等厂商近期更是发布涨价函，进一步推动行情热度。 这背后是上游存储厂商将产能重心转向更高盈利能力的数据中心和高阶手机存储市场。但手机厂商也无 法独立应对本轮涨价行情，有手机行业人士对21世纪经济报道记者分析称，将存储产品从DDR4转向 DDR5，还需要主芯片的能力支持，因此这种转换仍将有一个过程。 存储芯片市场正站在货品交易和股市交易共同上行的阶段。 9月30日，根据Wind统计，"存储器"板块领跑市场，截至收盘，存储器指数上涨5.46%，多只个股涨 停。 本轮行情，实质上是存储产业步入新一轮上行周期的直接体现。 在今年第一季度库存调整后，存储行业已步入回暖通道，而上游大厂的产能迁移，进一步引发了新一轮 的涨价行情。 举例来说，在DRAM市场中，HBM（高带宽内存）是AI服务器中的重要构成，上游存储厂商通过积极 参与英伟达的产品认证，持续争夺这一高确定性和高利润的市场。 此前，领跑HBM领域的SK海力士，常在前一年底就已官宣订完次年全部产能。这一市场信号，给予了 存储 ...

Core Viewpoint - Tianshan Electronics (301379) is expanding into the semiconductor storage sector, focusing on three main product lines: CXL extended memory modules, SSD solid-state drives, and storage peripherals, aiming to create a complete storage ecosystem from AI computing support to smart terminal applications [1] Group 1: Company Strategy - The company is leveraging its expertise in display technology to enter the semiconductor storage market [1] - The strategic combination of "chip-screen collaboration and computing-storage integration" is central to the company's approach [1] Group 2: Product Development - The development and design of the first enterprise-grade SSD hybrid drive are progressing in an orderly manner [1]

Core Viewpoint - The article discusses the explosive growth potential in the memory market, driven by AI and data center demands, highlighting a "super cycle" in memory pricing and production, particularly for DRAM, HBM, and NAND [2][11][23]. Market Trends - The storage market is experiencing upward trends, with significant price increases in DDR and NAND due to supply chain disruptions and rising demand from AI applications [2][8]. - Recent reports indicate that Micron has raised its server shipment growth forecast for 2025 to approximately 10%, driven by increased demand for AI agents and traditional server workloads [9]. - TrendForce predicts a 5-10% average price increase for NAND Flash products in Q4 due to supply shortages and rising demand from cloud service providers [10]. Price and Profitability Drivers - Key drivers of the current memory super cycle include: 1. Explosive demand for AI and data centers, with traditional server capital expenditures expected to grow by 20-30% by 2026, leading to a 50% increase in DDR4/DDR5 memory demand [14]. 2. Profit margins for DRAM are projected to rise from 40-50% to nearly 70% by 2026, while NAND margins are expected to improve from breakeven to 30-40% [14]. Demand Surge Factors - The recent surge in storage demand is attributed to the transition of AI applications from an "accumulation phase" to a "high penetration phase," significantly increasing user interaction and data generation [19]. - The upgrade in AI technology logic has also amplified the need for DRAM and NAND, with token consumption increasing dramatically due to more complex interactions and multi-modal data processing [20]. - Companies are restructuring their AI infrastructure to implement a tiered storage system, which is driving immediate demand for DRAM and NAND products [21]. Future Outlook - The AI-driven super cycle is expected to last at least until 2027, with potential downturns anticipated in 2028 [23]. - Ongoing negotiations between DRAM manufacturers and NVIDIA regarding HBM pricing are likely to favor DRAM manufacturers, potentially leading to higher growth predictions for the HBM market [25]. Technological Developments - NVIDIA's introduction of the CPX solution is expected to create differentiated demand across storage products, potentially increasing GDDR7 demand while impacting HBM4 negatively in the short term [27]. - NVIDIA is also developing HBF (High Bandwidth Flash) as a cost-effective alternative to HBM, indicating a strategic shift in memory resource allocation [28].

据港交所9月29日披露，深圳市晶存科技股份有限公司(简称"晶存科技")向港交所主板提交上市申请书，招商国际证券和国泰君安国际为其联席保荐人。 据招股书，晶存科技是全球领先的嵌入式存储产品独立厂商，主要专注于嵌入式存储产品及其他存储产品的研发、设计、生产和销售。晶存科技的嵌入式存 储产品包括基于DRAM的产品(DDR、LPDDR)、基于NAND Flash的产品(eMMC、UFS)、以及多芯片封装(MCP) 嵌入式存储产品(eMCP、uMCP, ePOP)。晶 存科技的其他产品主要包括固态硬盘和内存条。除了产品销售外，晶存科技还为部分客户提供测试及存储技术服务，作为存储解决方案的补充。 晶存科技的核心技术团队在嵌入式存储器领域深耕约二十年，打造了获得客户广泛认可的RAYSON 和ARTMEM 品牌。晶存科技产品的终端应用覆盖了消费 电子，包括，智能手机、笔记本计算机、平板计算机、教育电子、智能家居、可穿戴设备、智能机器人，以及，包括工业领域和智能座舱系统等多元化场 景，并为上述终端提供高性能、高可靠性及高耐用性的数据存取能力。 在往绩记录期间内，晶存科技运营了两个智能制造中心，分别位于深圳及中山。深圳智能制造中 ...