中国银河证券主要观点如下： 半导体设备 美国国会众议院正式提出H.R.6207号议案——《芯片设备质量法案》，禁止接受其补贴的芯片工厂使用 来自中国的12类半导体设备。该法案的提出侧面印证了中国在半导体设备领域进步迅速，也进一步强化 了自主可控逻辑，是板块上涨重要的情绪催化剂。 智通财经APP获悉，中国银河证券发布研报称，半导体行业在AI浪潮、国产替代、技术创新等多重因素 的驱动下，整体表现相对较好，支撑半导体板块长期发展的逻辑不变。在外部环境背景下，供应链安全 与自主可控是长期趋势。设备与材料在国产替代顶层设计下逻辑最硬，数字芯片是算力自主的核心载 体，先进封测受益于技术升级。 AI芯片对算力和带宽的极致追求，让先进封装从可选项变为必选项。无论是台积电最新推出的完全整 合的封装内光学I/O引擎，还是英特尔将其面向于AI的半导体封装业务部署给安靠科技，都印证了先进 封装是AI芯片的产能瓶颈和关键赋能环节，其战略价值持续提升。同时，存储芯片的需求提升也直接 拉动了存储封测的需求，为封测厂商业绩提供了稳定支撑。 模拟芯片设计 模拟芯片设计板块本周的表现整体相对稳定，国内产业从产能建设、技术攻坚到资本助力均在全方位 ...

扬子晚报网12月5日讯(记者范晓林)今天是周五，昨天高乐股份（002348）4连板，太阳电缆（002300）、安记食品（603696）3连板，睿能科技 （603933）6天5板，航天机电（600151）5天3板。市场探底回升，创业板指涨超1%，早盘一度跌超0.5%。沪深两市成交额1.55万亿，较上一个交易日缩 量1210亿。板块方面，机器人、商业航天等板块涨幅居前。马斯克在社交平台X转发特斯拉擎天柱(Optimus)团队发布的一段"擎天柱"人形机器人跑步的短 视频。受此利好提振下，机器人概念全天表现强势，恒而达（300946）、海昌新材（300885）、睿能科技等多股涨停。 A.利好精选 | 新股名称 昂瑞微 | 申购日期 2025-12-05 | | --- | --- | | 申购代码 787790 | 上市地点 上海证券交易所 | | 发行价格 83.06 | 所属板块 模拟芯片设计 | | ■ 厨房日 | 中签公布 2025-12-09 | 3连板太阳电缆：第三大股东象屿集团及其一致行动人拟合计减持不超3%股份 太阳电缆(002300.SZ)公告称，持股5%以上股东象屿集团及其一致行动人博创15号计划 ...

Core Viewpoint - The company, Yingjixin Technology Co., Ltd., is experiencing a decline in stock price and trading volume, while maintaining a focus on automotive electronics and consumer electronics sectors, particularly in power management and fast-charging protocol chips. Group 1: Company Overview - Yingjixin was established on November 20, 2014, and went public on April 19, 2022, specializing in the research and sales of power management and fast-charging protocol chips [7] - The company's main business revenue composition includes power management (65.15%), mixed-signal SoC (22.02%), battery management (12.33%), and others (0.49%) [7] - As of September 30, 2025, the company reported a revenue of 1.169 billion yuan, a year-on-year increase of 14.16%, and a net profit of 114 million yuan, up 28.54% year-on-year [8] Group 2: Product Development and Market Position - The company has successfully developed automotive-grade charging chips that meet AEC-Q100 standards and has begun mass production for domestic and international automotive manufacturers [2] - Yingjixin's TWS earphone charging case chip offers a highly integrated power solution, reducing design complexity and material costs for customers [2] - The company is recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [3] Group 3: Market Activity and Financial Analysis - On December 3, the stock price of Yingjixin fell by 2.75%, with a trading volume of 328 million yuan and a market capitalization of 10.056 billion yuan [1] - The main net inflow of funds was negative at 48.35 million yuan, indicating a reduction in institutional holdings over the past three days [4][5] - The average trading cost of the stock is 21.82 yuan, with a current price near the support level of 22.90 yuan, suggesting potential volatility [6]

分红方面，芯动联科A股上市后累计派现2.27亿元。 12月3日，芯动联科盘中下跌2.01%，截至13:43，报59.13元/股，成交2.15亿元，换手率1.44%，总市值 237.55亿元。 机构持仓方面，截止2025年9月30日，芯动联科十大流通股东中，嘉实上证科创板芯片ETF（588200） 位居第六大流通股东，持股454.89万股，相比上期减少20.95万股。香港中央结算有限公司位居第九大流 通股东，持股295.38万股，为新进股东。南方中证500ETF（510500）位居第十大流通股东，持股292.47 万股，相比上期减少10.27万股。 资金流向方面，主力资金净流出2936.27万元，特大单买入684.34万元，占比3.18%，卖出1168.13万元， 占比5.43%；大单买入4861.77万元，占比22.59%，卖出7314.25万元，占比33.99%。 芯动联科今年以来股价涨18.43%，近5个交易日涨3.23%，近20日跌4.41%，近60日跌23.31%。 资料显示，安徽芯动联科微系统股份有限公司位于北京市海淀区知春路7号致真大厦A座19层1901号， 成立日期2012年7月30日，上市日期 ...

Core Viewpoint - Zhenlei Technology's stock has shown significant growth this year, with a 93.14% increase, indicating strong market performance and investor interest [1][2]. Company Overview - Zhenlei Technology, established on September 11, 2015, and listed on January 27, 2022, is located in Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of integrated circuit chips and microsystems [1]. - The company's revenue composition includes: 50.10% from power management chips, 39.47% from RF transceiver and high-speed high-precision ADC/DAC chips, 5.97% from technical services, 2.49% from microsystems and modules, 1.93% from terminal RF front-end chips, and 0.04% from other sources [1]. Financial Performance - For the period from January to September 2025, Zhenlei Technology achieved a revenue of 302 million yuan, representing a year-on-year growth of 65.76%. The net profit attributable to the parent company was 101 million yuan, showing a remarkable increase of 598.09% [2]. - Since its A-share listing, Zhenlei Technology has distributed a total of 89.06 million yuan in dividends, with 58.75 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Zhenlei Technology had 23,600 shareholders, an increase of 93.15% from the previous period. The average number of circulating shares per shareholder was 9,086, a decrease of 23.17% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 5.45 million shares, marking its entry as a new shareholder. Changxin National Defense Military Industry Quantitative Mixed A is the fifth largest with 4.35 million shares, having increased its holdings by 2.00 million shares [3].

Core Viewpoint - The stock of Zhaosheng Microelectronics has shown fluctuations, with a recent increase of 2.02% and a total market capitalization of 37.772 billion yuan, despite a year-to-date decline of 21.19% [1] Financial Performance - For the period from January to September 2025, Zhaosheng Microelectronics reported a revenue of 2.769 billion yuan, representing a year-on-year decrease of 17.77%. The net profit attributable to shareholders was -171 million yuan, a significant decline of 140.13% year-on-year [2] Shareholder Information - As of November 20, 2025, the number of shareholders for Zhaosheng Microelectronics was 75,600, a slight decrease of 0.19% from the previous period. The average number of circulating shares per person increased by 0.19% to 5,928 shares [2] Dividend Distribution - Since its A-share listing, Zhaosheng Microelectronics has distributed a total of 884 million yuan in dividends, with 265 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder was Hong Kong Central Clearing Limited, holding 10.0688 million shares, an increase of 958,600 shares from the previous period. The ninth largest shareholder, E Fund's ChiNext ETF, held 7.3024 million shares, a decrease of 1.2461 million shares [3]

Core Viewpoint - The stock of Biyimi Microelectronics has shown a mixed performance in recent trading sessions, with a notable increase in the year-to-date price, while also experiencing fluctuations in trading volume and shareholder structure [1][2]. Group 1: Stock Performance - As of December 1, Biyimi's stock rose by 2.11%, trading at 40.23 CNY per share, with a total transaction volume of 35.16 million CNY and a turnover rate of 1.27% [1]. - Year-to-date, the stock price has increased by 26.11%, with an 8.64% rise over the last five trading days, a 4.03% decline over the last 20 days, and an 11.37% drop over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Biyimi reported a revenue of 461 million CNY, reflecting a year-on-year decrease of 3.15%. However, the net profit attributable to shareholders was -2.79 million CNY, showing a significant year-on-year increase of 86.29% [2]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 6,367, up by 5.87% from the previous period, while the average number of circulating shares per person decreased by 5.54% to 5,920 shares [2]. - Notably, the fund "Noan Multi-Strategy Mixed A" has exited the list of the top ten circulating shareholders [2]. Group 4: Company Overview - Biyimi Microelectronics, established on May 29, 2014, and listed on May 26, 2022, specializes in the design and sales of high-performance analog and mixed-signal integrated circuits [1]. - The company's revenue composition includes AC-DC (51.04%), driver ICs (44.33%), DC-DC (3.94%), and other segments [1]. - Biyimi operates within the semiconductor industry, focusing on analog chip design and is involved in various concept sectors such as smart home, integrated circuits, and consumer electronics [1].

Group 1 - The core viewpoint of the news is that Fuman Microelectronics has experienced fluctuations in stock price and trading volume, with a recent increase in share price despite a year-to-date decline [1] - As of December 1, Fuman Micro's stock price rose by 2.01% to 34.59 CNY per share, with a total market capitalization of 7.571 billion CNY [1] - The company has seen a net outflow of main funds amounting to 165,000 CNY, with significant buying and selling activity in the market [1] Group 2 - Fuman Microelectronics, established on November 5, 2001, specializes in the design, research and development, packaging, testing, and sales of high-performance analog and mixed-signal integrated circuits [2] - The company's revenue composition includes 38.51% from power management chips, 32.16% from LED-related chips, 14.56% from MOSFET chips, and 14.55% from other types of chips [2] - As of September 30, the number of shareholders increased by 11.88% to 47,300, with an average of 4,587 circulating shares per person, a decrease of 10.63% [2] Group 3 - Fuman Micro has distributed a total of 96.5366 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of September 30, 2025, Hong Kong Central Clearing Limited is the seventh-largest circulating shareholder, increasing its holdings by 472,900 shares [3]

Core Viewpoint - Naxin Microelectronics has shown a significant increase in stock price and trading activity, indicating potential investor interest and market confidence in the company's growth prospects [1][2]. Company Overview - Naxin Microelectronics, established on May 17, 2013, and listed on April 22, 2022, focuses on the research and sales of high-performance, high-reliability analog integrated circuits [2]. - The company's revenue composition includes signal chain products (38.45%), power management products (34.09%), sensor products (27.11%), and other products (0.35%) [2]. - Naxin Microelectronics operates within the semiconductor industry, specifically in analog chip design, and is involved in various sectors such as smart speakers, sensors, automotive chips, humanoid robots, and smart wearables [2]. Financial Performance - For the period from January to September 2025, Naxin Microelectronics reported a revenue of 2.366 billion yuan, representing a year-on-year growth of 73.18%, while the net profit attributable to shareholders was -140 million yuan, reflecting a year-on-year increase of 65.54% [2]. - The company has distributed a total of 162 million yuan in dividends since its A-share listing, with 80.85 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 39.73% to 11,200, with an average of 12,708 circulating shares per person, a decrease of 28.44% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 6.0758 million shares, while other notable shareholders include Xingquan Helun Mixed A and Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF [3].

Core Viewpoint - The stock price of Electric Science and Technology Chip has shown fluctuations, with a recent decline of 2.02% and a year-to-date increase of 17.59% [1][2]. Stock Performance - As of November 28, the stock price is 15.51 CNY per share, with a trading volume of 9.83 billion CNY and a turnover rate of 5.22%, resulting in a total market capitalization of 183.65 billion CNY [1]. - The stock has increased by 8.08% over the last five trading days, 16.09% over the last 20 days, and 2.31% over the last 60 days [2]. Trading Activity - There was a net outflow of 26.29 million CNY from main funds, with large orders showing a buy of 209 million CNY (21.25%) and a sell of 219 million CNY (22.28%) [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the latest appearance on November 26, showing a net buy of -119 million CNY [2]. Company Overview - Electric Science and Technology Chip Co., Ltd. was established on November 14, 1987, and listed on October 13, 1995. The company is located in Chongqing and specializes in silicon-based analog semiconductor chips and related products [2]. - The main revenue sources are integrated circuit sales (68.79%), chargers and power adapters (27.20%), other business income (3.25%), and technical services (0.77%) [2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 644 million CNY, a year-on-year decrease of 11.30%, and a net profit attributable to shareholders of 9.93 million CNY, down 83.15% year-on-year [3]. Shareholder Information - As of September 30, 2025, the number of shareholders is 80,000, an increase of 6.05%, with an average of 14,803 circulating shares per person, a decrease of 5.70% [3]. - The company has distributed a total of 294 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4].