截至6月30日，安路科技股东户数1.22万，较上期减少7.10%；人均流通股32762股，较上期增加7.64%。 2025年1月-6月，安路科技实现营业收入2.23亿元，同比减少29.64%；归母净利润-1.42亿元，同比减少 16.57%。 机构持仓方面，截止2025年6月30日，安路科技十大流通股东中，银河创新混合A（519674）位居第六 大流通股东，持股1680.00万股，相比上期增加30.00万股。 责任编辑：小浪快报 融券方面，安路科技9月15日融券偿还0.00股，融券卖出600.00股，按当日收盘价计算，卖出金额1.75万 元；融券余量1.36万股，融券余额39.71万元，低于近一年10%分位水平，处于低位。 资料显示，上海安路信息科技股份有限公司位于中国(上海)自由贸易试验区中科路1867号C座8、11、12 层，成立日期2011年11月18日，上市日期2021年11月12日，公司主营业务涉及FPGA芯片和专用EDA软 件的研发、设计和销售。主营业务收入构成为：芯片销售收入89.36%，技术服务收入8.32%，其他(补 充)2.32%。 9月15日，安路科技跌1.72%，成交额2.52亿元。两 ...

Group 1 - Texas Instruments' data center business is expected to see a strong growth of approximately 50%, indicating a recovery phase for the overall demand for analog chips [2] - The company’s CEO highlighted that the data center-related business is likely to be the fastest recovering market, approaching peak demand levels seen in 2022 [2] - China accounts for 35% of the global analog chip market, making it a significant revenue source for international manufacturers [2] Group 2 - The Ministry of Industry and Information Technology of China is committed to accelerating technological breakthroughs and industrialization in automotive chips and other related technologies [2] - A new development plan for intelligent connected new energy vehicles is being formulated, focusing on green and low-carbon transformation in the automotive industry [2] - Domestic automotive manufacturers are actively investing in electrification and intelligence, providing opportunities for local analog chip companies to penetrate the automotive sector [3]

见微知著 睹始知终 V财网&小V研究 值得一提的是，优迅股份由厦门大学校友柯炳粦创立。该公司 IPO 申请于今年 6 月 26 日正式获受理，从申请获受理到进入上会审议阶段，间隔不足 3 个 月，进程相对迅速。此次冲击科创板，优迅股份计划募集资金 8.09 亿元，所筹资金将主要投入三大项目，分别是下一代接入网及高速数据中心电芯片开发 及产业化项目、车载电芯片研发及产业化项目，以及 800G 及以上光通信电芯片与硅光组件研发项目。 然而，尽管优迅股份有着 "光通信单项冠军" 的头衔，但其业绩表现却未达市场预期，甚至未能满足科创板属性中 "最近三年营业收入复合增长率需达到 25%" 的指标要求。招股书数据显示，2022 年至 2024 年，优迅股份营业收入分别为 3.39 亿元、3.13 亿元、4.11 亿元；同期净利润分别为 8139.84 万元、 7208.35 万元、7786.64 万元。从这两组核心业绩数据不难看出，优迅股份在营业收入和净利润这两大关键业绩指标上，并未展现出科创类公司应有的强劲 成长性。 除此之外，报告期内，优迅股份主营业务毛利率呈明显下滑趋势。具体来看，各期毛利率分别为 55.26%、4 ...

来源：股市直击 9月16日（星期二），今日报刊头条主要内容精华如下： 中国证券报 李成钢：中美就以合作方式妥善解决TikTok相关问题 减少投资障碍 促进有关经贸合作等达成了基本框 架共识 中国商务部国际贸易谈判代表兼副部长李成钢15日说，过去两天，中美双方在西班牙马德里举行会谈。 双方积极落实中美两国元首通话重要共识，充分发挥中美经贸磋商机制作用，在相互尊重、平等协商的 基础上，就TikTok等双方关注的经贸问题进行了坦诚、深入、建设性的沟通。 事关跨境投融资外汇管理 国家外汇局最新发布 国家外汇管理局9月15日消息，国家外汇管理局日前发布《国家外汇管理局关于深化跨境投融资外汇管 理改革有关事宜的通知》。通知包括深化跨境投资外汇管理改革、深化跨境融资外汇管理改革、优化资 本项目收入支付便利化政策等三部分内容。 人工智能如何影响金融业变革？专家最新研判 9月15日，由华鑫证券主办的"先机——金融业'人工智能+'跃升计划暨华鑫证券智能投研平台'鑫i'新品 发布会"在上海召开。与会专家表示，人工智能（AI）技术正深刻改变金融行业生态，未来应用步伐将 继续提速，成为推动金融业务模式重构、运营效率提升和服务体验优化的 ...

从阿里宣布未来三年投入3800亿元，到百度昆仑芯斩获中国移动十亿元级大单……在AI算力需求全球 爆发的背景下，中国国产AI芯片产业正迎来一个关键的战略机遇期。 9月16日，《中国证券报》接连刊发两篇文章，深入分析了中国芯片产业的最新动态。文章认为，国内 芯片厂商和光通信产业链正紧抓这一关键"窗口期"，加速技术迭代和市场布局。 国产AI芯片抢占市场窗口期 《中国证券报》援引行业人士观点称，市场对AI芯片的强劲需求，正"推动国内芯片厂商和互联网大厂 利用英伟达芯片供应不稳定的窗口期全力抢占市场"。 文章指出，Bernstein在7月发布的研报预计，2025年国内AI芯片需求将达到395亿美元，市场的本土化率 将从2023年的17%增长至2027年的55%。 这一趋势背后，是国内互联网巨头的重金投入和国产芯片厂商的商业化提速。 算力需求驱动，产业链加速迭代 AI芯片的爆发式增长，也对上游产业链提出了更高要求。文章中指出，"AI算力需求高速增长，推动核 心器件、封装技术快速迭代"，其中光模块成为焦点。 文章称，AI产业发展将"直接推动光模块需求激增，1.6T模块成为竞争焦点"。在近日的光电博览会上， 立讯技术、爱德泰 ...

机构认为下半月大盘或震荡回踩。 【财经日历】 2025金砖国家新工业革命伙伴关系论坛9月16日至9月17日在福建厦门举办； 2025世界储能大会9月16日至9月18日在福建宁德举办； 第六届中国质量大会9月16至9月17日在南京举办； 2025腾讯全球数字生态大会9月16至9月17日在深圳举办； 2025世界清洁能源装备大会9月16日至9月18日在四川德阳举办。 | 树）盘前必读 | // 外盘怎么样 // | | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | 道琼斯工业指数 | 45883.45 | 49.23 - | 0.11% | | 纳斯达克指数 | 22348.75c 207.65 | | 0.94% | | 标普500 | 6615.28 30.99 1 | | 0.47% | 当地时间周一，美股全线上扬，截至收盘， 道指涨0.11%，纳指涨0.94%，标普500指数涨0.47%，首次站上6600点关口。 个股方面，特斯拉涨3.62%，监管文件显示，马斯克上周五增持了价值近10亿美元的特斯拉股票。特斯拉股价上涨推动标普500可选消费板块上 ...

3 、继中国商务部对美国模拟芯片等启动反倾销调查后， 市场监管总局公告宣布，因违反反垄断法及此前收购迈络思时设定的限制性条件，依法决定对英 伟达实施进一步调查。 4 、 中国 8 月经济 " 成绩单 " 公布。 8 月份，全国规模以上工业增加值同比增长 5.2% 、环比增长 0.37% ，服务业生产指数同比增长 5.6% ，社会消费品 零售总额同比增长 3.4% 、环比增长 0.17% 。 1-8 月份，全国固定资产投资同比增长 0.5% ，其中制造业投资增长 5.1% ，房地产开发投资下降 12.9% 。 1 、 《求是》杂志发表习近平总书记重要文章《纵深推进全国统一大市场建设》。 文章强调，我国作为全球第二大消费市场，必须把全国统一大市场建 设好，增强我们从容应对风险挑战的底气。文章指出，要着力整治企业低价无序竞争乱象。 2 、美方要求七国集团及北约以中国购买俄罗斯石油为由，对中国征收 50%-100% 关税。 商务部对此回应称，美方此举是典型的单边霸凌和经济胁迫行 径，中方对此坚决反对。如果任何方面损害中方利益，中方将采取一切必要措施维护自身合法权益。 3 、墨西哥总统称本周将与中国讨论对华征收 50% ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - In the first half of 2025, the company achieved revenue of 3.33 billion yuan, a year-on-year increase of 10.42%, and a net profit attributable to shareholders of 497 million yuan, a year-on-year increase of 25.93% [2][6]. - In the second quarter of 2025, the company reported revenue of 1.80 billion yuan, a year-on-year increase of 9.94% and a quarter-on-quarter increase of 17.72%, with a net profit of 308 million yuan, a year-on-year increase of 31.46% and a quarter-on-quarter increase of 63.90% [2][6]. - The growth in sales of WiFi6 and 6nm chips significantly contributed to the company's performance, with the second quarter's results exceeding expectations [2][11]. Summary by Sections Financial Performance - The company’s revenue for the first half of 2025 was 3.33 billion yuan, with a net profit of 497 million yuan, reflecting strong growth in new product sales [2][11]. - In Q2 2025, the company achieved a revenue of 1.80 billion yuan and a net profit of 308 million yuan, with a gross margin of 37.29%, showing continuous improvement [11]. Product Sales and Market Expansion - The sales of WiFi6 and 6nm chips have seen significant growth, with smart home product sales increasing by over 50% year-on-year in the first half of 2025 [11]. - The company has launched 19 commercial chips with self-developed edge computing capabilities, with over 9 million units shipped in the first half of 2025, surpassing the total shipments for 2024 [11]. - The W series chips saw sales exceeding 8 million units in the first half of 2025, with Q2 sales breaking 5 million units, including over 1.5 million units of WiFi6 chips [11]. Future Outlook - The company is expected to maintain growth driven by diverse product lines, continuous expansion into overseas markets, and increasing demand in sectors like automotive and AIoT [11]. - Projected net profits for 2025-2027 are estimated at 1.10 billion, 1.44 billion, and 1.79 billion yuan respectively, supporting the "Buy" rating [11].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - In H1 2025, the company achieved revenue of 2.633 billion yuan, a year-on-year increase of 58.17%, with a gross margin of 60.44%, up 2.66 percentage points. The net profit attributable to shareholders was 1.159 billion yuan, a year-on-year increase of 95.41% [5][11]. - In Q2 2025, the company reported revenue of 1.411 billion yuan, a year-on-year increase of 52.12% and a quarter-on-quarter increase of 15.47%. The net profit attributable to shareholders was 634 million yuan, a year-on-year increase of 71.40% and a quarter-on-quarter increase of 20.64% [5][11]. - The company capitalized on the AI industry trend, significantly increasing the shipment of DDR5 memory interface chips and high-performance computing chips, leading to substantial growth in operating performance [11]. - The company’s interconnect chips generated revenue of 2.461 billion yuan, a year-on-year increase of 61.00%, with a gross margin of 64.34%, up 1.91 percentage points [11]. - The company is strengthening its R&D efforts, with R&D expenses of 357 million yuan in H1 2025, representing 13.56% of revenue. It has made significant progress in developing new chip generations [11]. - The company is expected to continue releasing strong mid-to-long-term performance, driven by the demand for DDR5 memory interface chips and high-performance computing chips [11]. - The projected net profits attributable to shareholders for 2025-2027 are 2.470 billion, 3.157 billion, and 3.874 billion yuan, respectively, with corresponding EPS of 2.16, 2.76, and 3.38 yuan [11].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - In the first half of 2025, the company achieved revenue of 1.246 billion yuan, a year-on-year increase of 35.35%, and a net profit attributable to shareholders of 261 million yuan, a year-on-year increase of 72.29% [5][11]. - In the second quarter of 2025, the company reported revenue of 688 million yuan, a year-on-year increase of 29.02% and a quarter-on-quarter increase of 23.28%, with a net profit of 168 million yuan, a year-on-year increase of 71.45% and a quarter-on-quarter increase of 78.82% [5][11]. - The company's performance is driven by digital and intelligent upgrades, along with the gradual release of new potential customers, leading to sustained high growth [11]. Financial Performance - The gross profit margin for the first half of 2025 was 45.20%, an increase of 2.00 percentage points year-on-year, attributed to changes in product structure and economies of scale [11]. - In the second quarter of 2025, the gross profit margin was 46.69%, an increase of 2.58 percentage points year-on-year and 3.32 percentage points quarter-on-quarter [11]. - The company’s revenue composition for the first half of 2025 included 38.9% from chips and 60.5% from modules, with a slight increase in the revenue share from modules [11]. Research and Development - In the first half of 2025, the company invested 268 million yuan in R&D, a year-on-year increase of 22.66% [11]. - The company focuses on self-research of core technologies and has launched 12 different product models, covering mature, growth, and emerging phases, laying a solid foundation for long-term growth [11]. Market Position and Strategy - The company is positioned as a leading player in the IoT technology ecosystem, with a focus on both hardware and software development, and has expanded its product application scenarios and customer base [11]. - The acquisition of M5Stack is expected to enhance the coverage of long-tail customers [11]. - The company’s AI solutions have gained recognition from industry leaders such as Apple, OpenAI, and ByteDance, facilitating the deployment of AI models in IoT scenarios [11]. Future Outlook - The company is expected to see a continuous increase in profitability, with projected net profits attributable to shareholders of 520 million yuan, 734 million yuan, and 978 million yuan for 2025, 2026, and 2027, respectively [11].