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中芯国际(0981.HK)：行业景气有望提升 本土龙头将受益
Ge Long Hui· 2025-07-26 18:35
机构：群益证券(香港) 研究员：朱吉翔 1Q25 营收利润快速增长：公司1Q25 实现营收22.5 亿美元，同比增28%，环比增1.8%，毛利率22.5%， 较上年同期提升8.9 个百分点，环比提升2个百分点，实现净利润1.9 亿美元，同比增162%，环比增 75%。公司营收小幅增长但净利润同比环比大增的原因在于：1 产能利用率同比提升8.8 个百分点，环 比提升4.1 个百分点至 89.6%,带动毛利率增长；2 当季研发强度降低，1Q25 研发费用1.5 亿美元，同比 降低21%，环比降低31%。 盈利预测：上调全年盈利预估7%，预计2025-2027 年公司实现净利润7.4亿美、10.1 亿美元和12.8 亿美 元，同比分别增长50%、37％和26%，EPS分别为0.09 美元、0.13 美元和0.16 美元。目前H 股股价对应 2025-27 年PE 分别为50 倍、37 倍和26 倍，予以"买进"评级。 风险提示： 下游需求不及预期，客户流失。 结论与建议： 得益于家电补贴、汽车、工业领域的需求增长，国内晶圆厂整体产能利用率提升，好于此前预期。公司 作为国内晶圆代工龙头，有望受益于行业景气提升带来的益 ...
X @Decrypt
Decrypt· 2025-07-26 18:35
Wyoming isn’t far from becoming the first U.S. state to issue its own stablecoin, moving closer to a potential showdown with Washington over certain restrictions signed into law via the GENIUS Act. https://t.co/HPVkhv5ZIA ...
X @Litecoin
Litecoin· 2025-07-26 18:34
Higher, beaches.Check out these wallets and learn how to hide the L.@stack_wallet @cakewallet @nexuswallet https://t.co/zPhsPVEygn ...
X @Crypto.com
Crypto.com· 2025-07-26 18:31
Mirror the trades of legendary investors like Warren Buffet with Whale Basket.Now available in the Stocks feature for US users. https://t.co/DFFNmTJ5bh ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-26 18:31
In interviews this week, Hunter Biden blasted the Democratic Party establishment and offered tantalizing details about moments that doomed his father’s re-election https://t.co/xsjkhSBuF2 ...
X @IcoBeast.eth🦇🔊
IcoBeast.eth🦇🔊· 2025-07-26 18:30
Yes.Selling the dream of making money via posting on CT to ppl who haven't yet put in the time or effort to build a valuable audience is doing a disservice to everyone involved (except the dream sellers - who benefit from selling this snake oil).2025 yap course gurus = Tai Lopez of this cycleStarPlatinum (@StarPlatinumSOL):Hear me out.One of the biggest problem with InfoFi is the big accounts selling the dream to newcomersTelling them they can make money effortlessly through leaderboardsWhile at the same ti ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-07-26 18:30
Need bulletproof windows? @ArmoredCG has everything you need. The destruction they’ve done is incredible. Check them out… @theXtakeover https://t.co/HmBosqHlXt ...