证券代码：688216 证券简称：气派科技 公告编号：2026-008 气派科技股份有限公司2023年员工 持股计划第二次持有人会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 气派科技股份有限公司 一、持有人会议召开情况 气派科技股份有限公司（以下简称"公司"）2023年员工持股计划第二次持有人会议于2026年2月27日 （星期五）以通讯表决方式召开。本次会议由管理委员会主任李维周先生主持，出席本次会议的持有人 40人，代表公司2023年员工持股计划份额10,500,951.14份，占公司2023年员工持股计划持有人当前所持 份额11,928,871.14份的88.03%。本次会议的召集、召开、表决程序符合公司2023年员工持股计划的相关 规定，所作决议合法有效。 二、持有人会议审议情况 （一）审议通过《关于补选2023年员工持股计划管理委员会委员的议案》 鉴于公司2023年员工持股计划管理委员会原委员刘方标先生已离职，不再担任管理委员会委员，根据 《气派科技股份有限公司2023年员工持股计划》和《气派科技股 ...

气派科技(688216.SH)发布2025年度业绩快报，报告期内，公司实现营业收入76,780.42万元，较上年同 期增长15.19%;归属于母公司所有者的净利润-7,514.53万元，较上年同期减亏2,696.84万元。 报告期内，全球半导体行业在消费电子回暖、新能源汽车市场扩容及AI+存储双主线驱动下，整体需求 大幅攀升。公司紧抓行业机遇，不断调整产品结构，优化客户结构，在功率器件、先进封装等核心产品 订单量同比显著增长，营业收入较上年同期增长15.19%。 ...

报告期内，全球半导体行业在消费电子回暖、新能源汽车市场扩容及AI+存储双主线驱动下，整体需求 大幅攀升。公司紧抓行业机遇，不断调整产品结构，优化客户结构，在功率器件、先进封装等核心产品 订单量同比显著增长，营业收入较上年同期增长15.19%。 智通财经APP讯，气派科技(688216.SH)发布2025年度业绩快报，报告期内，公司实现营业收入 76,780.42万元，较上年同期增长15.19%;归属于母公司所有者的净利润-7,514.53万元，较上年同期减亏 2,696.84万元。 ...

Core Viewpoint - The company reported a significant reduction in losses for the fiscal year 2025, despite still being in a loss position, driven by a favorable external environment in the semiconductor industry and strategic adjustments in product and customer structure [1][2]. Financial Performance - The company achieved total operating revenue of 767.80 million yuan, representing a year-on-year growth of 15.19% [1]. - The net profit attributable to the parent company was -75.15 million yuan, a reduction in losses by 26.97 million yuan compared to the previous year [1]. - Total assets at the end of the reporting period reached 2,011.26 million yuan, a slight increase of 0.58% from the beginning of the period [1]. - Equity attributable to the parent company decreased by 10.92% to 582.26 million yuan [1]. Industry Context - The global semiconductor industry experienced multiple favorable drivers, including a gradual recovery in the consumer electronics market and continued expansion in the new energy vehicle market, alongside AI and storage demand, leading to a significant increase in overall industry demand [1]. - The advanced packaging sector, a key technology direction in the semiconductor industry, has become an important growth engine for the company's business [1]. Operational Adjustments - The company has been actively adjusting its product structure and optimizing its customer base to seize market opportunities [1]. - There was a notable increase in order volume for core products such as power devices and advanced packaging, directly contributing to the revenue growth [1]. Cost Structure - The release of production capacity has led to a significant optimization of the company's cost structure, with reductions in fixed costs such as depreciation, amortization, and labor, which contributed to an increase in overall gross margin compared to the previous year [1]. Challenges - Despite the reduction in losses, the company remains in a loss position primarily due to two factors: insufficient orders in the first half of the year leading to low capacity utilization and high unit costs, and rising material prices in the latter half of the year, which compressed profit margins [2].

报告期影响经营业绩的主要因素：(1)主营业务的影响。报告期内，全球半导体行业在消费电子回暖、 新能源汽车市场扩容及AI+存储双主线驱动下，整体需求大幅攀升。公司紧抓行业机遇，不断调整产品 结构，优化客户结构，在功率器件、先进封装等核心产品订单量同比显著增长，营业收入较上年同期增 长15.19%。(2)成本费用的影响。报告期内，随着产能的陆续释放，使得折旧、摊销、人力等单位固定 成本分摊有所下降，综合毛利率较上年同期有所上升。但由于上半年订单不足，产能利用率不高，单位 成本较高，后期因材料价格上涨，故公司2025年整体仍处于亏损状态。 格隆汇2月27日丨气派科技(688216.SH)公布2025年度业绩快报，报告期内，公司实现营业收入7.68亿 元，较上年同期增长15.19%；营业利润-7644.60万元，较上年同期减亏2793.07万元；利润总额-8205.54 万元，较上年同期减亏2340.34万元；归属于母公司所有者的净利润-7514.53万元，较上年同期减亏 2696.84万元；归属于母公司所有者的扣除非经常性损益的净利润-8640.83 万元，较上年同期减亏 3471.54万元。 ...

智通财经APP获悉，中国银河证券发布研报称，2026年国内外AI基础设施建设仍将继续保持强劲，同时 国内坚定推进国产化率提升，因此继续看好半导体及相关器件元件投资机会，包括国产算力芯片、存储 芯片涨价大周期、PCB、半导体制造和装备、先进封装、以及半导体材料方向。 板块跟踪：1)近一个月半导体指数表现：从涨跌幅水平来看，半导体行业指数跑输沪深300指数3.86个 百分点，跑输电子指数1.44个百分点。从具体数据来看，半导体行业指数涨跌幅为-3.15%，电子行业指 数涨跌幅为-1.71%，沪深300指数涨跌幅为0.71%。2)近一年半导体指数表现：从涨跌幅水平来看，半导 体行业指数跑赢沪深300指数27.08个百分点，跑赢电子指数1.22个百分点。从具体数据来看，半导体行 业指数涨跌幅为46.38%，电子行业指数涨跌幅为45.16%，沪深300指数涨跌幅为19.3%。 中国银河证券主要观点如下： 风险提示：技术迭代不及预期的风险；国际贸易的风险；市场竞争加剧的风险；国际政治环境变动不确 定性的风险。 行业数据跟踪：1)半导体：2025年12月，全球半导体行业实现789亿美元的销售额，环比增长2.7%，同 比增长 ...

The semiconductor sector has become shorthand for the AI boom, and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) sits at the center of that trade. Trading at $64.24 per share as of February 9, 2026, the fund has surged 64% over the past year as investors bet on AI infrastructure spending. That momentum carried into 2026 with a 15% year-to-date gain, though it also exposes holders to cyclical chip demand swings. Concentration Risk in the Top Ten Concentration defines SOXQ's risk profile, with the top 10 holdi ...

Summary of Key Points from Conference Call Industry Overview - The conference call discusses the ongoing and projected computing power gap in the AI industry, particularly driven by the emergence of Agents, which represent a significant shift from traditional chatbots to more complex execution tasks. The computing power gap is expected to persist until Q2 2027, with some high-end segments potentially extending to 2030 [1][3]. Core Insights and Arguments - **Exponential Growth in Computing Demand**: The demand for computing power is experiencing exponential growth due to the transition from simple "chatting" to complex "execution" tasks. A single Agent consumes 100 to 1,000 times more computing power than traditional chatbots [1]. - **Token Consumption**: Traditional chatbots use approximately 2,000 tokens per interaction, while Agents can consume between 10,000 to over 200,000 tokens per step, leading to total project consumption reaching millions of tokens [1]. - **CPU as a Bottleneck**: In Agent tasks, 90.6% of end-to-end latency is attributed to CPU processes, while GPU usage accounts for less than 20%. This indicates a significant bottleneck in CPU resources [1]. - **Shift in Operational Mode**: The operational model is shifting from user-triggered tasks to 24/7 autonomous operations, increasing the concurrency rate from 1% in ChatGPT to 30-40% in Agents, leading to sustained resource occupation [1]. Supply Chain Challenges - **Core Hardware Shortages**: There is a widespread shortage of essential computing hardware, including GPUs, CPUs, and advanced packaging materials. The production cycle for these components is typically 18-24 months, exacerbating the supply issues [3]. - **Price Increases**: The prices for storage and other components have increased several times, indicating a significant supply chain strain [2]. - **Geographical Data Restrictions**: Many countries impose restrictions on data leaving their borders, necessitating the establishment of local data centers by multinational companies. This creates new growth opportunities in local markets [4]. Additional Insights - **Domestic AI Training Centers**: Companies like Tesla are investing in local AI training centers, which reflects a trend towards localized data processing and training capabilities [4]. - **Innovative Solutions**: There are discussions about unconventional solutions, such as building data centers on mobile platforms to maintain local data while allowing hardware to be reused across regions [5]. This summary encapsulates the critical points discussed in the conference call, highlighting the ongoing challenges and opportunities within the AI computing power landscape.

2026年2月6日，大洋彼岸的美股市场写下了新的历史。 道琼斯工业平均指数在一轮强劲上涨后，历史上首次收盘站上了50000点大关，单日暴涨超过1200点，涨幅高达2.47%。 这不仅仅是数字的跨越，更像是一个时代的注脚，标志着美股长达十几年的牛市征程又树起了一座里程碑。 与道指一同狂欢的，还有纳斯达克指数和标普 500指数，它们分别上涨了2.18%和1.97%。 这场盛宴的核心驱动力，来自于那些耳熟能详的科技巨头。 英伟达的股价暴涨近8%，博通飙升超7%，就连苹果、微软也都录得可观涨幅。 更让中国投资 者关注的是，在美上市的中概股也迎来了集体爆发。 纳斯达克中国金龙指数大涨3.71%，蔚来、理想、小鹏等新能源车股，以及百度、阿里巴巴、拼多多等 互联网巨头，股价纷纷上扬，形成了一片"中国资产"的红色海洋。 这股兴奋情绪迅速蔓延至全球。 欧洲主要股市全线收高，大宗商品市场更是迎来暴动，国际白银期货价格单日暴涨超过9%。 甚至与A股关联紧密的富时中 国A50指数期货也上涨了超过1%。 整个世界资本市场，似乎都沉浸在一种乐观的氛围中。 然而，当这份来自全球的"喜报"传到国内，许多A股投资者的心中却泛起了复杂的滋味。 ...

Investment Rating - The industry investment rating is "Recommended," indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [67]. Core Insights - The report highlights that UMC's revenue for CY25Q4 reached NT$61.81 billion, reflecting a year-on-year growth of 2.36% and a quarter-on-quarter growth of 4.50%. The gross margin was 30.7%, with a slight increase from the previous year [1][2]. - For the full year of 2025, UMC achieved a revenue of NT$237.55 billion, marking a 2.3% year-on-year increase, with a shipment volume growth of 12.3% [1][2]. - The growth in revenue for Q4 was primarily driven by demand from Asia and Europe, while North America's share decreased from 25% to 21% [2][10]. - The 22/28nm process technology remains a core growth driver, accounting for 36% of Q4 revenue, with a significant increase in 22nm revenue by 31% quarter-on-quarter [10][11]. Summary by Sections 1. UMC's Q4 2025 Performance - UMC's Q4 revenue was NT$61.81 billion, with a gross margin of 30.7%, and a quarter-on-quarter increase in operating profit margin to 19.8% [2][7]. - The annual revenue for 2025 was NT$237.55 billion, with a gross margin of 29.0%, reflecting a year-on-year decrease of 3.6 percentage points [2][9]. 2. Revenue Structure - In Q4, the revenue structure showed that 22/28nm processes contributed significantly, with 22nm becoming a key growth driver [10][11]. - By region, Asia accounted for 64% of revenue, while North America decreased to 21% [14][20]. 3. Company Guidance for Q1 2026 - UMC expects a 1% decline in capacity for Q1 2026 due to annual maintenance, with wafer shipments remaining stable [3][22]. - The company anticipates a gross margin in the high-20% range and a capital expenditure budget of approximately $1.5 billion for 2026 [3][24]. 4. Downstream Demand and Technology Outlook - UMC projects continued growth in 2026, driven by the acceleration of 22nm platform tape-outs and new process technology penetration [3][26]. - The company is expanding its global footprint with the completion of the Singapore Fab 12i Phase III factory, aimed at diversifying the supply chain for customers [3][26].