来源：EETOP 6figr 是一家提供 AI 驱动职业服务的平台型公司，全球大量高科技企业员工会在此分享自身实际薪酬信息。平台基于这些真实样本数据，汇总分析出各公 司相关职位的平均薪资水平。 以下截图是由EETOP选取的几家代表性并且有一定样本数量的芯片公司员工平均薪资统计情况。 英特尔薪资 性别 族裔 (intel.) 8124个已验证的个人资料 最后更新于2025年12月18日 23.1万美 7C 平均年总薪酬为189,000美元 203,000 202,000 美元 美元 英特尔员工平均收入为18.9万美元，主要在14.6万美元至51 万美元之间，基于8124个配置文件。 签约奖金 员工人数 巨大 7000美元 非二元性别 劈性 女性 △过去一年有46,173人被裁员。 男性每获得100美元，女性获得100美元 AMD薪酬 性别 E 族裔 994个已验证的档案 最后更新于2025年12月18日 21.7万美 21.1万美 平均年总薪酬为22.1万美元 7L 元 AMD员工平均年薪为22.1万美元，主要在17.1万美元至52.5 万美元之间，基于994个配置文件。 13.6万美 元 0 非二元性别 男性 ...

（文章来源：证券日报） 本报讯 （记者袁传玺）天眼查工商信息显示，近日，寒武纪（688256）发生工商变更，注册资本由约 4.18亿元增至约4.22亿元。 ...

Core Viewpoint - The recent decline in high-end liquor prices is attributed to cyclical demand fluctuations rather than a narrowing of the industry's competitive moat [2][3]. Inventory and Demand - There has been a mismatch between reported demand and actual market demand for high-end liquor in recent years, leading to increased inventory levels among distributors [3]. - The average inventory turnover days for liquor reportedly reached 900 days, a 10% increase year-on-year, but the accuracy of this figure is questioned due to seasonal sales variations [4][5]. - The calculation of inventory turnover days can vary significantly based on the data used, and short-term metrics may not accurately reflect the true inventory situation [5][8]. Production Capacity - Production capacity is considered less critical in the analysis of high-end liquor, as the manufacturing process varies significantly among different types of liquor [6]. - For example, certain types of liquor require long aging periods, which means that current production levels can be estimated based on historical inventory [6]. Market Dynamics - The high-end liquor market is influenced by economic activity, with demand for business dining being a key driver [12]. - The distinction between "face consumption" (business dining) and "practical consumption" (self-drinking) is important, as the former is less likely to be affected by economic downturns [11][12]. Inventory Cycle and Brand Value - The impact of inventory cycles on long-term brand value is minimal, but excessive inventory can lead to price erosion, which may harm brand perception [12][13]. - The management of inventory levels is crucial to maintaining the perceived scarcity and value of high-end liquor [13][15]. Consumer Preferences - Regional preferences exist in the mid-range liquor market, but high-end liquor has become more standardized across regions, reducing the impact of local tastes [10]. - The consumption patterns in high-end liquor are more stable, with a focus on social contexts that reinforce brand loyalty and recognition [11]. Investment Considerations - The relationship between inventory levels and stock prices is not straightforward, as effective management of inventory can lead to positive stock performance despite market pressures [18]. - The long-term investment outlook for high-end liquor remains positive due to its strong competitive moat and pricing power [18].

中信建投证券表示，算力领域我们认为有以下投资机会：1）龙头公司增长确定性；2）新技术升级方 向，英伟达阶段性着重解决问题的方向，是获取超额利润的子方向；3）产业链加速本土化集群；4）订 单外溢。 截至13点54分，科创人工智能ETF（589010）在午后随大盘窄幅整理，目前日内表现稳健，跌幅为 0.23%。持仓股动向方面，板块内部轮动特征显著。29只持仓股中，11只上涨，18只下跌。其中亚信安 全涨超3%，优刻得-W涨超2%，表现较为抢眼；星环科技-U跌超8%，福昕软件跌超3%。流动性方面， 盘中成交金额已突破4000万元，交投活跃，量能释放平稳。 消息方面，路透引述5位消息人士称，美国特朗普政府已经启动一项审查，审查结果可能促成英伟达第 二先进的人工智能芯片首次出货至中国，兑现特朗普的承诺。消息人士称，负责监督出口政策的美国商 务部已将芯片运输许可申请送交国务院、能源部和国防部审查。根据出口法规，这些机构有30天的时间 进行权衡，如果机构官员不同意，则由特朗普做出最终决定。白宫发言人没有对审查发表评论，但表示 特朗普政府致力于确保美国科技的主导地位，同时不损害国家安全。 科创人工智能ETF华夏（589010 ...

周五，亚太股市追随隔夜美股涨势，日经225指数上涨超1%，MSCI亚太指数上涨0.6%。美股期货涨跌不一，道指期货下跌0.26%， 纳指100期货上涨0.1%。美国通胀数据降温强化了美联储降息预期，标普500指数周四上涨0.8%，纳斯达克100指数涨1.5%，提振市 场情绪。 日本央行宣布加息25个基点，将基准利率上调至30年来最高水平，并暗示如果条件允许将继续收紧货币政策，推动日本10年期国债 收益率自2006年以来首次触及2%，30年期、40年期日债收益率纷纷上行。不过，日元兑所有G10货币下跌，市场认为央行加息步伐 仍将谨慎。 大宗商品市场周五多数承压。因美国通胀放缓和美元走强承压，现货黄金下跌0.1%至4330美元下方。铂金、钯金均回落，周四均显 著拉升。而白银上涨0.4%，逼近66美元。供应过剩仍抑制油价走势，布伦特原油和美国WTI原油双双走低。 核心市场走势： 标普500指数期货基本持平，纳指100指数期货上涨0.1%； 日经225指数上涨1.25%，日本东证指数上涨0.7%；澳大利亚标普/ASX 200指数上涨0.5%； 欧洲斯托克50指数期货下跌0.3%; 美元指数基本持平；日元下跌0.3%至 ...

12月19日，港股全线反弹，午后继续冲高，港股创新药、港股互联网、港股芯片硬科技齐刷刷领涨。热 门ETF方面，重仓互联网龙头的港股互联网ETF（513770）午后冲高涨逾2%；高弹性港股通创新药ETF （520880）早盘一度涨逾2.5%，现涨近2%；全市场首只聚焦"港股芯片"产业链的港股信息技术ETF （159131）午后维持强势，现涨1.5%。 资金正在积极行动：截至12月18日，港股通创新药ETF（520880）连续9日获净申购，最新基金份额升 至41.78亿份，创上市新高。港股互联网ETF（513770）近10日连续吸金合计高达13.3亿元。 中信建投最新研报指出，港股在经历了9月的单边上涨后，10月以来随着海外宏观预期反复的影响经历 了震荡调整。当前AH两地正同步完成中期调整，港股部分优质资产重新进入高性价比区间，在盈利预 期修复及年末海内外宏观环境改善的共振下，港股正迎来一个不容忽视的岁末交易窗口。 创新药自9月起进入阶段调整期，港股通创新药ETF（520880）标的指数一度回撤逾22%。把握港股创 新药低吸窗口期，重点关注同类最大港股通创新药ETF（520880）及其场外联接基金（025221） ...

中金公司 中芯国际 中国移动 中国海油 长飞光纤 中金公司 分时图 日K线 周K线 月K线 35.80 -0.38 -1.05% 2.16% 1.44% 0.72% 0.00% 0.72% 1.44% 2.16% 35.40 35.66 35.92 36.18 36.44 36.70 36.96 09:30 10:30 11:30/13:00 14:00 15:00 5万 106万 207万 308万 12月18日港股市场，北水成交净买入12.57亿港元，其中港股通(沪)成交净卖出10.95亿港元，港股通(深)成交净买入23.53亿 港元。 北水净买入最多的个股是小米集团-W(01810)、美团-W(03690)、长飞光纤（601869）光缆(06869)。北水净卖出最多的个股 是盈富基金(02800)、中国移动（600941）(00941)、中海油(00883)。 | 股票名称 | 买入额 | 卖出额 | 头头层欲 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09988 | 13.10亿 | 12.23亿 | 25.32亿 +8733.76万 ...

Group 1 - The stock of Moore Threads experienced a nearly 5% decline during intraday trading, currently priced at 672 yuan [1]

Core Viewpoint - Yuxun Co., Ltd., a leading optical communication chip company, has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with its stock price soaring by over 400% on the first day of trading, reflecting strong market interest and confidence in its growth potential [1][2][4]. Company Overview - Yuxun Co., Ltd. was established in February 2003 and specializes in the research, design, and sales of optical communication front-end transceiver chips, recognized as a "national champion" in China's optical communication sector [3][4]. - The company is one of the few in China that can provide a full range of optical communication chip solutions across various application scenarios, successfully entering the supply chains of many global renowned clients [4]. Financial Performance - Yuxun's revenue for 2022, 2023, and 2024 was reported at 339 million, 313 million, and 411 million yuan respectively, with net profits of 81 million, 72 million, and 78 million yuan [9][13]. - The company expects total revenue for the first half of 2025 to be between 475 million and 495 million yuan, indicating a positive growth trajectory [13]. Market Position - In the market for products with speeds of 10Gbps and below, Yuxun holds the largest market share in China and the second largest globally [4]. - The company has a low self-sufficiency rate in the market for optical communication chips above 25G, with downstream manufacturers heavily reliant on imports [7]. IPO and Fund Utilization - Yuxun raised a total of 1.03 billion yuan through its IPO, with a net amount of 928 million yuan after deducting issuance costs. The funds will be allocated to the development and industrialization of next-generation access network and high-speed data center chips, as well as for working capital [4][8]. R&D and Product Development - The company has a strong focus on R&D, with over 54% of its workforce dedicated to research and development, and is currently developing 800Gbps data center transceiver chips [17][19]. - Yuxun has achieved breakthroughs in domestic technology in key areas such as transceiver integration, high-speed modulation, and optoelectronic collaboration [9][19]. Product Sales and Client Base - Yuxun sold 244 million chips last year, with a significant portion of its revenue coming from the sales of optical transceiver chips, which account for over 80% of its total revenue [20][21]. - The company has a high customer concentration, with the top five clients accounting for 65.53% of total sales in the first half of 2025 [21][22]. Shareholding Structure - The company's shareholding is relatively dispersed, with no single shareholder holding more than 30% of the voting rights. The actual controllers are the father-son duo, Ke Binglan and Ke Tenglong, who collectively control 27.13% of the voting rights [24][26][27]. Strategic Focus - Yuxun aims to become a leading international player in optical communication and optical sensing chips, focusing on high-growth areas such as high-speed optical communication, silicon photonics integration, and automotive optics [30][31].

内容概要：汽车无线传感SoC是车规级芯片中一个重要的功能类别，它集成了无线通信和传感器处理单 元，但核心是必须满足严酷的汽车电子环境要求。随着全球物联网、智能汽车等领域的蓬勃发展，无线 传感SoC行业展现出强劲的增长势头。中国不仅是全球最大的汽车生产国和消费国，还拥有庞大的内需 市场和完整的产业链基础，已经成为世界汽车工业的重要一环。近年来，国家大力推动智能汽车及芯片 相关产业的发展，成为中国汽车无线传感SoC市场扩张的主要推动力。中国汽车无线传感SoC市场规模 近年来增长迅速。2024年全球汽车无线传感SoC市场规模29亿元，中国汽车无线传感SoC市场规模11亿 元；预计2025年全球汽车无线传感SoC市场规模将达36亿元，中国汽车无线传感SoC市场规模将达14亿 元。目前，在汽车无线传感SoC中，无线智能轮胎传感SoC（TPMS SoC）是最成熟的应用场景。2024 年，全球汽车无线TPMS SoC市场规模达到27亿元，占整个无线汽车传感SoC市场的93.1%；电池压力传 感芯片（BPSSoC）市场规模0.40亿元，占整个无线汽车传感SoC市场的1.38%。 上市企业：豪威集团(603501)、赛微电子[ ...