2025 年第一季度电子板块的市场表现如何？有哪些主要因素影响了这一表现？ 2025 年第一季度电子板块整体呈现震荡行情，主要受财报季预期充分反映以 及 AI 投资主题风险偏好回落的影响。云厂商开发情况引发短期分歧，导致 AI 板块热情有所回调。 PCB 板块在 2025 年第一季度的业绩表现如何？ 电子掘金 电子的大宗品周期到哪儿了？20250518 摘要 • 2025 年第一季度 PCB 板块业绩显著增长，如盛红净利润同比增长 339%，生益电子超过 600%，生益科技增长 43%，反映 AI 算力、智能 驾驶等领域需求拉动及大宗 PCB 产品复苏。 • 2025 年上半年 PCB 原材料价格普遍上涨，如建滔发布涨价函，铜、玻纤 布等价格上涨导致每张上涨五元，其他厂商跟进，龙头厂商主导电子纱、 电子布全品类提价。 • AI 服务器、交换机和 AI 加速卡拉动高端 HDI 产品需求，对 HDI 印刷电路 板的稳定性要求极高，头部厂商良率显著提升。 • PTFE 材料以其低介电常数和低介质损耗特性，在 AI 高速互联应用中优势 明显，尤其适用于 GPU 高速互联及光模块接口。 • 被动元件行业在经历复苏后，2 ...

MLCC市场下半年旺季不确定风险增加 根据Tr e n dFo r c e集邦咨询最新MLCC研究报告，因企业及终端市场的避险与观望心态与日俱增， 2 0 2 5年上半年MLCC供需节奏被打乱，下半年"旺季不旺"的风险也随之上升。 点击右边 阅读原文 了解更多详情 2025年第一季OLED显示器出货量年增175% 根据Tr endFor c e集邦咨询最新研究显示，目前OLED显示器（Monitor）出货量仍处于高速成长阶 段，随着各品牌持续推出新品，出货量同步突破新高，2025年第一季约为50.7万台，年增175%。 第二季，主要受惠于27吋UHD机种大幅放量，出货量有望达65万台。 预估2025全年出货量将达到 258万台，年成长率高达81% ，整体显示器的渗透率将成长至2%。 | Company | Market Share | | --- | --- | | Samsung | 22.4% | | ASUS | 21.6% | | MSI | 14% | | LGE | 13% | | Dell | 11% | | Others | 18% | | Total | 100% | | Source: T ...

第三，除了整合近期收购的高阶温度感测器事业部（Heraeus Nexensos GmbH）与高阶感测器事业体业 务（Telemecanique Sensors），发挥综效外，也继续推动有机成长与并购策略，亦即再度启动策略性并 购，扩大平台规模。 最后是扩展高阶市场并提升利基产品比重，包括优化产品组合与客户结构，深化全球策略伙伴关系，专 注于未来科技应用领域，并提升欧美日高阶市场的市占率。 陈泰铭指出，国巨集团是全球唯一同时在电阻、电容、电感三大被动元件领域，拥有领先地位的电子零 组件与服务供应商，亦已将产品组合延伸至电路保护元件、无线元件与感测器等领域。 谈到国巨集团今年发展，陈泰铭擘划出四大营运方针，首先是达成年度营收及获利目标，持续拓展欧美 日等高阶市场，深化与客户的长期合作关系，重回营收及获利成长的轨道。 其次是有效控管费用及库存管理，即根据营收目标达成状况进行费用控管，并透过弹性的采购策略与产 能规划，提升库存管理效率。 被动元件大厂国巨（2327）冲刺2025年营运，董事长陈泰铭擘划四大方向，强调今年首要之务是达成年 度与获利成长目标，管控费用并管理库存，同时借由并购扩大平台规模，以及扩展高阶市场并 ...

Core Viewpoint - The 2025 Shanghai International Automobile Industry Exhibition highlights the importance of automotive semiconductor technology, with Shenzhen Sunlord Electronics Co., Ltd. showcasing its advancements in automotive electronic components, particularly passive devices [1][10]. Company Overview - Shenzhen Sunlord Electronics was established in 2000 and currently operates 11 industrial parks, with projected sales of approximately 5.9 billion in 2024, marking automotive electronics as the fastest-growing segment [4]. - The company has a dedicated automotive electronics division since 2016, which includes an independent production line to better serve customer needs [4]. Product Offerings - Sunlord provides comprehensive solutions for automotive electronics across ten key areas, including vehicle lighting, battery management systems, intelligent cockpits, smart driving, T-box and V2X, onboard chargers, DC/DC converters, electric drive control, hybrid systems, and thermal management systems [5]. - The product matrix includes signal and power line common mode, pulse transformers, RF inductors, LTCC components, and power inductors, with many products certified by AEC-Q200 [5]. Technological Innovations - The AMPR series power inductors utilize a molding process and alloy materials, allowing for automation, reduced costs, and improved performance under stringent temperature standards [5][8]. - The company’s common mode products, particularly the metal terminal common mode choke, are designed for compactness and efficiency, meeting rigorous automotive standards while reducing size by half [6]. - Innovations in battery management systems have led to a significant reduction in market failure rates from 100 PPM to below 0.1 PPM through structural improvements and automation [7]. Industry Recognition - Sunlord Electronics received the "Annual Automotive Industry Chain Breakthrough Award" at the 2025 Automotive Semiconductor Ecological Conference, recognizing its contributions to innovation and the development of domestic automotive semiconductor manufacturing [10]. - The company showcased its automotive electronic products at the 2025 Shanghai Auto Show, attracting attention from industry leaders and potential collaboration opportunities [10][13].