Core Viewpoint - The semiconductor equipment sector is experiencing strong performance, driven by significant price increases in the storage industry and breakthroughs in technology, indicating a robust recovery in the storage cycle and long-term growth potential in semiconductor materials and equipment [1][3][4]. Group 1: Market Performance - As of January 27, the semiconductor equipment ETF (561980) rose by 2.09%, with leading gains from companies closely related to the storage supply chain, such as ChipSource Microelectronics, Jinhai Tong, Fuchuang Precision, and Kangqiang Electronics [1]. - The focus of the market is currently on the upstream equipment and materials segments of the storage industry [2]. Group 2: Industry Cycle - Samsung Electronics plans to increase NAND flash supply prices by over 100% in Q1, confirming a shift in the supply-demand dynamics of the storage chip market and indicating the start of an upward industry cycle [3]. - The significant price recovery is expected to enhance the profitability and capital expenditure willingness of storage chip manufacturers, leading to increased orders for front-end manufacturing equipment and precision components [3]. Group 3: Technological Advancements - A research team from the Chinese Academy of Sciences has made significant progress in storage technology for AI chips, with new structures of ferroelectric materials published in the journal "Science," potentially breaking existing limits on density and energy efficiency [4]. - The concept of "space storage" links this technology to high-reliability applications in extreme environments, opening long-term growth opportunities for semiconductor materials and advanced equipment [4]. Group 4: Investment Opportunities - The semiconductor equipment ETF (561980) focuses on critical areas of domestic substitution, heavily investing in leading equipment companies and design giants, indicating strong growth potential [5]. - Investors can also consider connecting to funds for exposure to this sector, with a significant concentration in leading companies within the equipment and design fields [5].

AI驱动与国产扩产利好催化，推动半导体材料设备板块今日（26/1/27）早盘活跃。Wind数据显示，科 创半导体设备ETF（588710）近22个交易日中有17日获得资金净流入，累计金额达9.31亿元，助推其规 模和份额增长至19.06亿元和10.18亿份，份额创历史新高。 （文章来源：每日经济新闻） 行业基本面与产业动态持续提供支撑。国内AI领域近日迎来重要进展——千问旗舰推理模型Qwen3- Max-Thinking正式发布，在多项权威评测中创下全球新纪录，性能已可比肩GPT-5.2与Gemini 3 Pro，成 为目前最接近国际顶尖水平的国产AI大模型，有望带动新一轮的大模型竞争并带来更多的算力基建需 求。 科创半导体设备ETF（588710）及其联接基金（A类024974/C类024975）卡位AI硬件浪潮和国产替代的 关键交汇点，截至最新，2025年以来科创半导体材料设备指数累计涨幅达91.18%，优于同期中证半导 体材料设备主题指数86.47%的表现，或是把握算力基建需求澎湃的重要工具之一。 与此同时，半导体设备领域订单落地印证需求景气。国内半导体测试设备企业近期签订一笔13.11亿元 销售合同， ...

Market Overview - The market experienced a rebound after an initial decline, with the ChiNext Index turning positive after dropping over 1% earlier in the day [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.87 trillion, a decrease of 367.4 billion compared to the previous trading day [1] - Over 4,400 stocks in the market saw declines [1] Sector Performance - Precious metals continued to show strength, with China Gold achieving three consecutive trading limit increases and Hunan Gold achieving two consecutive limit increases [1] - Semiconductor equipment stocks rebounded, with Chipone Technology rising nearly 14%, and both Aisheng Integration and Shenghui Integration hitting the trading limit [1] - The CPO concept was active, with Yuanjie Technology rising over 10% to reach a historical high, and Huilv Ecology hitting the trading limit [1] - The superhard materials sector strengthened, with Huanghe Whirlwind hitting the trading limit [1] - Conversely, the battery supply chain saw a collective decline, with Tianji Co. hitting the trading limit down [1] Closing Summary - At the close, the Shanghai Composite Index rose by 0.03%, the Shenzhen Component Index fell by 0.37%, and the ChiNext Index increased by 0.44% [1]

半导体设备是芯片制造的基石，当前全球行业规模稳步增长，中国市场占比已达40%，增速领先全球。国产设备在刻蚀、薄膜沉积等环节已实现技术突破， 但光刻等高端设备仍依赖进口，替代空间巨大。 行情面上，半导体设备ETF（159516）标的指数成分股迎来普涨，从前十大成分股来看，整体表现均飘红，其中，芯源微大涨超14%，安集科技大涨超4%。 消息面，近期存储涨价持续，存储产能供不应求有望在2026年持续。当地时间1月25日，据媒体报道，三星电子在今年第一季度将NAND闪存的供应价格上 调了100%以上，这一涨幅远超市场此前预期，凸显了当前半导体市场严重的供需失衡现状。报道称，三星电子目前已着手与客户就第二季度的NAND价格 进行新一轮谈判，市场普遍预计价格上涨的势头将在第二季度延续。 存储强势叠加AI催化，聚焦上游半导体设备领域的半导体设备ETF（159516）大涨超2%。资金持续抢筹，近20日净流入近100亿元，当前规模近200亿元， 居同类产品第一。 | 序号 | 代码 | 名称 | 现价 | 涨跌幅 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | | 11 | 6 ...

Group 1 - The core viewpoint of the news is that Beijing Jingyi Automation Equipment Technology Co., Ltd. has seen a significant increase in its stock price, rising by 5.14% to 124.61 yuan per share, with a total market capitalization of 20.934 billion yuan [1] - The company specializes in the research, production, and sales of semiconductor equipment, with its main products including semiconductor temperature control equipment (61.33% of revenue), process exhaust treatment equipment (29.84%), and wafer sorting equipment (2.72%) [1] - The company was established on June 30, 2016, and went public on November 29, 2023, indicating a relatively recent entry into the public market [1] Group 2 - The Guoshou Anbao Fund holds a significant position in Jingyi Equipment, with its Guoshou Anbao Preferred State-Owned Enterprise Stock Initiation A Fund (019765) owning 9,500 shares, representing 5.53% of the fund's net value [2] - The fund has achieved a year-to-date return of 16.62% and a one-year return of 54.7%, ranking 250 out of 5,548 and 1003 out of 4,285 respectively in its category [2] - The fund manager, Xie Fu, has been in charge for 2 years and 97 days, with the best return during his tenure being 69.49% [3]

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 2026年1月27日，金海通（sh603061）触及涨停，涨停价279.4元，涨幅10%，总市值167.64亿元，流通 市值116.86亿元，截止发稿，总成交额7.74亿元。 根据喜娜AI异动分析，金海通涨停原因可能如下，半导体设备+业绩增长+技术优势： 1、公司主要从事 集成电路测试分选机的研发、生产及销售。2025年前三季度营收同比增长87.88%，净利润同比增长 178.18%，第三季度单季净利润同比增长832.58%，显示半导体设备行业需求回暖带动公司业绩大幅提 升，这是刺激股价涨停的重要因素。 2、公司产品指标达国际先进水平，拥有6大核心技术领域，具备 较强的核心技术优势 ...

Core Viewpoint - The semiconductor equipment sector is experiencing a surge in performance driven by increased demand from AI and supply-side contractions, leading to a price rise in storage chips and significant opportunities in the domestic semiconductor supply chain [1]. Group 1: Market Performance - On January 27, the semiconductor equipment sector rose against market fluctuations, with the China Securities Semiconductor Materials and Equipment Index increasing by 0.6% [1]. - Notable stock performances included Chipone Technology rising by 9%, Jinhai Tong exceeding 5%, and Fuchuang Precision increasing over 4% [1]. - The semiconductor equipment ETF, E Fund (159558), saw a net subscription of 28 million units during the trading session, marking 20 consecutive days of net inflows totaling over 2.7 billion yuan [1]. Group 2: Industry Insights - According to a report by CITIC Securities, the storage chip sector is currently in a price uptrend due to multiple factors, including a surge in AI demand and supply-side reductions [1]. - The construction of storage production lines and the increase in domestic production rates are expected to accelerate, presenting investment opportunities in supporting semiconductor equipment and packaging/testing sectors [1]. - The China Securities Semiconductor Materials and Equipment Index comprises 40 stocks related to semiconductor materials and equipment, with the semiconductor equipment industry accounting for approximately 63% of the index, indicating strong elasticity amid the trend of domestic production [1].

摩根士丹利| ASML控股 NV（欧洲）：财报前瞻 Into the print（财报前瞻） ASML将于本周晚些时候（1 月 28 日周三）发布财报。 我们预计其订单量表现强劲，且我们的核心逻辑将开始兑现。 市场讨论焦点集中在 2027 年，但我们认为订单量将从 2025 年第四季度延续至 2026 年实现扩张。 摩根士丹利| ASML控股 NV（欧洲）：财报前瞻 Into the print（财报前瞻） ASML将于本周晚些时候（1 月 28 日周三）发布财报。 我们预计其订单量表现强劲，且我们的核心逻辑将开始兑现。 市场讨论焦点集中在 2027 年，但我们认为订单量将从 2025 年第四季度延续至 2026 年实现扩张。 我们重申 "增持"评级（首选标的），并维持 1400 欧元的目标价。 核心要点 2027 年盈利增长有望达到峰值，预计将交付 80 台 EUV 设备。 投资者在财报前关注的关键指标包括：2025 年第四季度订单量、2026 年营收增长、毛利率、EUV 及 DUV 营收增 长。 风险提示：2027 年 EUV 设备的需求可能触及峰值。 英特尔本季度的业绩，印证了我们 2026 财年的预测 ...

消息面上，ASMPT近日宣布计划剥离旗下SMT业务。花旗发布研报称，剥离SMT业务将使公司专注于 半导体设备和先进封装业务，有助释放股份价值。花旗相信，随着ASMPT转型为一家半导体设备公 司，其股价可能突破历史估值区间。 瑞银也认为此举属正面，因公司可以专注半导体及先进封装，理顺经营及资源分配。SMT业务传统上 利润率及技术门槛较低，与半导体行业有不同行业周期。报告称，如ASMPT选择剥离或分拆，由于先 进封装生意机遇，利润率及盈利有望结构性上升，迎来潜在估值重评。 ASMPT(00522)再涨超5%，截至发稿，涨4.67%，报107.6港元，成交额5066.8万港元。 ...

瑞银也认为此举属正面，因公司可以专注半导体及先进封装，理顺经营及资源分配。SMT业务传统上 利润率及技术门槛较低，与半导体行业有不同行业周期。报告称，如ASMPT选择剥离或分拆，由于先 进封装生意机遇，利润率及盈利有望结构性上升，迎来潜在估值重评。 消息面上，ASMPT近日宣布计划剥离旗下SMT业务。花旗发布研报称，剥离SMT业务将使公司专注于 半导体设备和先进封装业务，有助释放股份价值。花旗相信，随着ASMPT转型为一家半导体设备公 司，其股价可能突破历史估值区间。 智通财经APP获悉，ASMPT(00522)再涨超5%，截至发稿，涨4.67%，报107.6港元，成交额5066.8万港 元。 ...