融券方面，艾为电子10月9日融券偿还2500.00股，融券卖出800.00股，按当日收盘价计算，卖出金额 7.34万元；融券余量1.42万股，融券余额130.44万元，超过近一年70%分位水平，处于较高位。 资料显示，上海艾为电子技术股份有限公司位于上海市闵行区秀文路908号B座15层，成立日期2008年6 月18日，上市日期2021年8月16日，公司主营业务涉及集成电路产品的研发和销售。主营业务收入构成 为：高性能数模混合芯片51.64%，电源管理芯片38.34%，信号链芯片9.89%，其他0.14%。 10月9日，艾为电子跌0.67%，成交额5.93亿元。两融数据显示，当日艾为电子获融资买入额1.03亿元， 融资偿还6955.29万元，融资净买入3299.42万元。截至10月9日，艾为电子融资融券余额合计6.03亿元。 融资方面，艾为电子当日融资买入1.03亿元。当前融资余额6.02亿元，占流通市值的4.83%，融资余额 超过近一年90%分位水平，处于高位。 分红方面，艾为电子A股上市后累计派现2.21亿元。近三年，累计派现8836.55万元。 机构持仓方面，截止2025年6月30日，艾为电子十大流通股东 ...

9 月 29 日晚间，模拟芯片设计企业帝奥微（688381.SH）抛出的收购方案，本质是一场精准的技术卡位战。根据公告及股权穿透信息，公司已与荣湃半导 体控股股东董志伟签署意向协议，拟通过 "发行股份 + 现金支付" 方式收购其直接及间接持有的股权。由于董志伟通过直接持股 45.08% 及控制两大合伙 基金，合计持有荣湃半导体 54.31% 股权，若交易完成，荣湃将成为帝奥微控股子公司。值得关注的是标的公司的股东背景，小米长江产业基金（持股 3.5%）、豪威旗下韦豪创芯（持股 1.43%）等明星资本的加持，既印证了荣湃技术的行业认可度，也为交易估值谈判增加了博弈空间。目前交易金额、股 份发行比例等核心条款尚未披露，但参考 2025 年半导体行业并购平均估值水平，结合荣湃在隔离芯片领域的技术地位，估值或达数十亿级别。 市场普遍期待复牌后的估值重估。 这种乐观源于三重逻辑：一是隔离芯片赛道的高成长性，伴随新能源汽车与储能需求爆发，市场规模有望保持 20% 以上增速；二是协同效应的业绩想象 空间，参考长川科技并购后净利润增长 9 倍的案例，若整合顺利，帝奥微有望扭转 2025H1 归母净亏损 420 万元的颓势；三 ...

每经记者｜朱成祥 每经编辑｜陈俊杰 9月29日晚间，帝奥微披露公告，正在筹划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公 司（以下简称"荣湃半导体"）股权。 帝奥微主营业务为模拟集成电路产品的研发与销售，公司所处行业属于集成电路设计行业。根据荣湃半 导体官方公众号，其为高性能模拟集成电路的产品提供商，专注于模拟集成电路的研发和销售。 可以看出，帝奥微此次购买股权，应为拓展其模拟芯片业务。 拟收购荣湃半导体 据悉，帝奥微已与标的公司主要股东董志伟签署了《关于荣湃半导体（上海）有限公司收购意向协 议》，约定公司通过发行股份及支付现金的方式购买董志伟持有的标的公司股权。 据天眼查，董志伟直接持有荣湃半导体45.083%的股权。此外，荣湃半导体第二大股东为宁波梅山保税 港区达湃投资管理合伙企业（有限合伙），持股比例为14.2%，董志伟是第二大股东的执行事务合伙 人，持股比例为36.68%。 董志伟同时也是平阳达湃管理合伙企业（有限合伙）的执行事务合伙人，持股比例高达92.55%，而平 阳达湃持有荣湃半导体4.35%的股份。 照此计算，董志伟直接、间接合计持有荣湃半导体股权比例超过50%。若帝奥微全部收购董志 ...

（文/罗叶馨梅）9月26日，泰凌微在盘后公告中披露，公司此前公布的通过发行股份及支付现金方式收 购上海磐启微电子有限公司100%股权，并同步募集配套资金的交易预案，正在稳步推进。公告指出， 自预案发布以来，公司与相关各方积极展开尽职调查、审计、资产评估等一系列工作，目前相关程序正 有序进行。 根据公告，本次收购完成后，磐启微将成为泰凌微的全资子公司。磐启微电子专注于高性能模拟及混合 信号芯片设计，产品覆盖电源管理、信号链等关键环节，其技术与市场资源有望与泰凌微形成协同效 应。业内认为，若收购顺利落地，将进一步完善泰凌微的产品结构，提升其在半导体核心领域的竞争 力。 泰凌微方面表示，公司将在相关工作完成后，再次召开董事会审议本次交易事项，并提交股东大会审 议。公司强调，收购磐启微是推动业务升级的重要举措，未来将继续关注产业链优质标的，把握并购与 投资机会，借助资本市场力量提升整体规模与行业影响力。（校对/秋贤） ...

杰华特所属申万行业为：电子-半导体-模拟芯片设计。所属概念板块包括：储能、新能源车、比亚迪概 念、基金重仓、消费电子等。 截至6月30日，杰华特股东户数1.10万，较上期减少9.16%；人均流通股23997股，较上期增加10.08%。 2025年1月-6月，杰华特实现营业收入11.87亿元，同比增长58.20%；归母净利润-2.95亿元，同比增长 12.44%。 9月26日，杰华特盘中下跌2.01%，截至09:53，报57.60元/股，成交2.07亿元，换手率1.35%，总市值 257.40亿元。 资金流向方面，主力资金净流入1086.96万元，特大单买入2506.07万元，占比12.09%，卖出2746.64万 元，占比13.25%；大单买入6098.89万元，占比29.42%，卖出4771.36万元，占比23.01%。 杰华特今年以来股价涨88.17%，近5个交易日涨14.51%，近20日涨58.24%，近60日涨85.99%。 今年以来杰华特已经2次登上龙虎榜，最近一次登上龙虎榜为8月15日，当日龙虎榜净买入1.95亿元；买 入总计2.99亿元 ，占总成交额比23.36%；卖出总计1.04亿元 ，占总成 ...

9月25日，希荻微涨0.67%，成交额1.81亿元。两融数据显示，当日希荻微获融资买入额1443.65万元， 融资偿还1688.64万元，融资净买入-244.99万元。截至9月25日，希荻微融资融券余额合计1.20亿元。 截至6月30日，希荻微股东户数1.42万，较上期增加16.22%；人均流通股16873股，较上期减少13.95%。 2025年1月-6月，希荻微实现营业收入4.66亿元，同比增长102.73%；归母净利润-4468.84万元，同比增 长61.98%。 机构持仓方面，截止2025年6月30日，希荻微十大流通股东中，香港中央结算有限公司位居第九大流通 股东，持股297.13万股，为新进股东。 融券方面，希荻微9月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元；融 券余量6022.00股，融券余额10.00万元，低于近一年40%分位水平，处于较低位。 资料显示，希荻微电子集团股份有限公司位于广东省佛山市南海区桂城街道桂澜北路6号千灯湖创投小 镇核心区自编号八座(A8)305-308单元(住所申报)，成立日期2012年9月11日，上市日期2022年1月21日， 公 ...

资料显示，杰华特微电子股份有限公司位于浙江省杭州市西湖区华星路创业大厦7楼西,香港铜锣湾希慎 道33号利园1期19楼1919室，成立日期2013年3月18日，上市日期2022年12月23日，公司主营业务涉及模 拟集成电路的研发与销售,为客户提供高效率、高性能、高可靠性的一站式模拟集成电路产品解决方 案。主营业务收入构成为：电源管理芯片93.09%，其中:DC-DC芯片56.79%，其中:AC-DC芯片 20.48%，其中:线性电源芯片14.40%，信号链芯片4.37%，功率产品1.69%，其中:电池管理芯片1.43%， 技术服务收入0.82%，其他(补充)0.02%，其他0.01%。 从基金十大重仓股角度 长城久恒混合A（200001）基金经理为储雯玉。 9月24日，杰华特涨5.31%，截至发稿，报54.13元/股，成交5.21亿元，换手率3.71%，总市值241.90亿 元。 数据显示，长城基金旗下1只基金重仓杰华特。长城久恒混合A（200001）二季度增持6897股，持有股 数7.69万股，占基金净值比例为3.75%，位居第四大重仓股。根据测算，今日浮盈赚取约20.99万元。 长城久恒混合A（200001 ...

Core Viewpoint - The article highlights the transformation journey of the company since its listing on the STAR Market five years ago, emphasizing its strategic shift from a focus on wireless communication to a diversified market presence across automotive, industrial, and consumer sectors [1][2]. Market Layout - The company has evolved from a single-focused signal chain chip design firm to a diversified player with a comprehensive market layout in automotive, general communication, industrial, and consumer markets [1][2]. - The company has established a platform-based development approach, enabling it to expand its product and market layout through both organic growth and acquisitions [2][3]. Product Development - The company has strengthened its product system, launching over 3,000 mass-produced products, including new signal chain products for various markets and expanding its power management product line [3]. - The company emphasizes the importance of external growth through acquisitions, such as the purchase of Shenzhen Chuangxin Micro in October 2024, which has facilitated business synergy and experience in external development [3][5]. Capital Market Impact - The company has benefited from its listing on the STAR Market, which has provided significant funding and enhanced its strategic layout, technology development, market expansion, and brand building [4][5]. - The company has seen a more than threefold increase in R&D expenses since its IPO, with a compound annual growth rate of over 47% in R&D spending [5]. Financial Performance - After two consecutive years of net losses in 2023 and 2024, the company achieved a net profit of 65.69 million yuan in the first half of 2025, indicating a turnaround in profitability [6]. - The company has experienced significant growth in overall shipment volume and revenue, driven by demand recovery in various markets, including automotive and AI servers [6]. Future Outlook - The company aims to continue its high growth trajectory, with plans to increase R&D investment and maintain efficient management practices [7]. - The company is optimistic about achieving its performance targets, supported by a balanced market layout and positive trends in its business operations [7].

Core Viewpoint - The article highlights China's initiation of an anti-dumping investigation into imported analog chips from the U.S., marking a significant escalation in the ongoing semiconductor trade tensions between the two countries. This investigation focuses on specific analog chip categories, indicating that the chip conflict is expanding beyond high-end GPUs and advanced process logic chips to include analog chips as well [2][3][20]. Group 1: Investigation Details - The Ministry of Commerce announced the investigation on September 13, 2025, based on a request from the Jiangsu Semiconductor Industry Association, targeting analog chips from four major U.S. companies: Broadcom, Texas Instruments (TI), Onsemi, and Analog Devices (ADI) [2][3]. - The investigation will cover the period from January 1, 2024, to December 31, 2024, with a damage investigation period from January 1, 2022, to December 31, 2024, and is expected to conclude by September 13, 2026, unless extended [7]. Group 2: Market Context - The global analog chip market is projected to reach $79.433 billion in 2024, with China accounting for approximately $28 billion (around 200 billion RMB), representing nearly one-third of the global market [3]. - The share of the investigated products in China's total imports of similar products has been increasing, with proportions of 47.81%, 53.06%, and 62.14% from 2022 to 2024, indicating a growing reliance on these imports [4]. Group 3: Price Trends and Impact - The average price of the investigated products has been declining significantly, from 3.36 RMB per unit in 2022 to 1.62 RMB per unit in 2024, a cumulative decrease of 51.77% [5]. - Domestic analog chip manufacturers have been forced to lower their prices in response, with their weighted average prices dropping by 27.38% from 2022 to 2024 [5][6]. Group 4: Financial Health of Domestic Manufacturers - Domestic manufacturers are experiencing financial strain, with pre-tax profits declining and some companies entering a state of severe losses, which increased by 7.05% in 2024 compared to 2023 [6]. - The labor productivity has decreased by 27.41%, and the inventory levels have risen by 21.39% from 2022 to 2024, indicating operational challenges [6]. Group 5: Reactions from U.S. Companies - Following the announcement of the investigation, stock prices of major U.S. analog chip companies fell, with TI down 3.1%, Onsemi down 2%, and ADI down 3% on September 15 [8][10]. - TI, being a major player in the analog chip market, is particularly vulnerable as approximately 20% of its revenue comes from customers based in China, which could face increased costs if trade measures are implemented [10]. Group 6: Opportunities for Domestic Firms - The anti-dumping investigation presents a unique opportunity for domestic analog chip manufacturers to capture market share, especially in the context of growing demand in sectors like electric vehicles and industrial control [12][14]. - Companies like 圣邦股份 (Sankang Micro), 纳芯微 (Naxin Micro), and 思瑞浦 (Sirius) have shown significant revenue growth and are well-positioned to benefit from potential shifts in the market dynamics [16][17][18].

近日，商务部连续发布两条公告，宣布对原产于美国的进口相关模拟芯片发起反倾销调查，并针对美国 对华集成电路领域相关措施启动反歧视立案调查。中国半导体协会随即公开发文支持，强调半导体产业 健康发展需要公平的环境，并鼓励企业通过技术创新、产业链协同与平等互利的国际合作实现良性竞 争。 市场迅速反应。9月15日开盘，半导体概念股大幅拉升，多家模拟芯片企业股价上涨，圣邦股份 （300661）、纳芯微触及涨停，晶华微一度涨超16%。市场以真金白银表达了对国产替代前景的信心， 也体现出对政策护航下行业成长空间的积极预期。 此次反倾销调查由江苏省半导体行业协会申请，直指德州仪器(TI)、亚德诺(ADI)、博通、安森美四家 美国头部厂商。申请文件显示，2022至2024年，涉案美国模拟芯片进口量累计增长37%，进口价格却累 计下滑52%，呈现明显的"量价背离"特征，显示其通过"以价换量"策略挤压国内企业。 作为全球模拟芯片龙头，德州仪器凭借规模效应持续降价，2023年5月更在中国市场大幅调价 20%-30%，迫使国内厂商跟进降价，导致毛利率大幅下滑，亏损扩大。中金公司（601995）报告指出， 2023年国内模拟芯片价格普遍下 ...