人民日报记者 邓建胜 徐红梅 白光迪 "外销增速在30%左右。我们拼的不是价格，而是质量。"扬杰电子科技股份有限公司副董事长梁瑶 介绍，目前公司在越南启动了二期工厂建设，还计划在马来西亚、泰国投资晶圆工厂。 常熟市的小微外贸商户，则借助制度创新打开了新天地。 服饰商行经营者陈跃，在"市采通"（常熟市中小微企业跨境贸易综合服务）平台上传了交易单，一 批服装产品正准备发往国外。"以前做外贸，要跑海关、找第三方代办，既麻烦又有风险。现在，一个 平台就搞定了。"陈跃说。 作为全国市场采购贸易试点的创新之举，常熟"市采通"平台为中小微企业打造了一个集商户注册、 商品采购、组货拼箱、通关申报、收汇结汇、免税申报及供应链金融于一体的"一站式"出口服务解决方 案。自2020年以来，该平台年出口额从10亿美元增长至150多亿美元。 冬日午后，汽笛长鸣。一列满载汽车零部件的中吉乌班列，从江苏省连云港市上合组织国际物流园 驶出。车厢里，整齐排列的货物将运抵中亚市场。 目光南移，长江入海口的太仓港岸桥起落，数千辆国产汽车驶上远洋巨轮，准备发往欧洲、东南 亚。 一北一南，一车一船，江苏外贸在这个冬天里热气腾腾。 "江苏产业体系比较完备 ...

截至11月20日，捷捷微电股东户数8.83万，较上期减少0.81%；人均流通股8693股，较上期增加0.81%。 2025年1月-9月，捷捷微电实现营业收入25.02亿元，同比增长24.70%；归母净利润3.47亿元，同比增长 4.30%。 分红方面，捷捷微电A股上市后累计派现5.99亿元。近三年，累计派现2.37亿元。 机构持仓方面，截止2025年9月30日，捷捷微电十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持股880.08万股，相比上期增加126.78万股。南方中证500ETF（510500）位居第八大流通股 东，持股727.81万股，相比上期减少10.33万股。国联安半导体ETF（512480）位居第十大流通股东，持 股341.12万股，为新进股东。国联安中证全指半导体产品与设备ETF联接A（007300）退出十大流通股 东之列。 责任编辑：小浪快报 11月25日，捷捷微电盘中上涨2.23%，截至10:49，报27.46元/股，成交1.38亿元，换手率0.66%，总市值 228.49亿元。 资金流向方面，主力资金净流入1462.01万元，特大单买入969.04万元，占比7.03%，卖出2 ...

开拓新市场，推动产业和企业走出去 在扬州市扬杰电子科技股份有限公司的生产线上，芝麻粒大小的功率半导体芯片正源源不断地产出。每 天，约3000万只芯片从这里发往欧美等海外市场。 "外销增速在30%左右。我们拼的不是价格，而是质量。"扬杰电子科技股份有限公司副董事长梁瑶介 绍，目前公司在越南启动了二期工厂建设，还计划在马来西亚、泰国投资晶圆工厂。 常熟市的小微外贸商户，则借助制度创新打开了新天地。 冬日午后，汽笛长鸣。一列满载汽车零部件的中吉乌班列，从江苏省连云港市上合组织国际物流园驶 出。车厢里，整齐排列的货物将运抵中亚市场。 目光南移，长江入海口的太仓港岸桥起落，数千辆国产汽车驶上远洋巨轮，准备发往欧洲、东南亚。 一北一南，一车一船，江苏外贸在这个冬天里热气腾腾。 "江苏产业体系比较完备，创新能力较强，营商环境优良，还有自贸试验区等一大批高水平开放平台。 在对外贸易环境不确定性较大的背景下，江苏外贸依然展现出较强的韧性。今年1至10月，进出口总额 达4.88万亿元，占全国比重达13.1%，贡献了全国两成多的出口增量。"江苏省委书记信长星说。 围绕稳外贸，江苏着力在"新"字上做文章，开拓新市场、壮大新业态、培育 ...

Core Insights - The discussion at the Shanghai Stock Exchange International Investor Conference highlighted the integration of AI in industrial manufacturing, emphasizing its role in enhancing machine vision from isolated devices to central systems [1][3] - The company, Guodian NARI Technology Co., Ltd., is strategically aligned with the "14th Five-Year Plan," focusing on new power system construction, energy storage, and distributed energy development [3] Group 1: AI and Industrial Manufacturing - AI is driving the evolution of machine vision, enabling full-link connectivity in research management, quality monitoring, and data feedback, which significantly reduces defect rates and losses in manufacturing processes [3] - The standardization and widespread adoption of AI will lower the barriers for machine vision, allowing more manufacturing enterprises to achieve cost reduction and efficiency improvement [3] Group 2: Company Strategy and Developments - Guodian NARI has established a "New Business Task Force" to focus on expanding into new energy storage, virtual power plants, and microgrid businesses [3] - The company has been investing in power semiconductor technology since 2019, aiming for the localization and autonomy of core voltage and current conversion technologies [3] - The dual focus on AI and power electronics technology is intended to enhance the safety, resilience, and intelligence of the national energy system [3]

Core Viewpoint - The stock price of Jiejie Microelectronics has experienced a decline of 14.58% this year, with recent trading showing slight fluctuations, while the company continues to show growth in revenue and profit [2]. Group 1: Stock Performance - As of November 10, Jiejie Microelectronics' stock rose by 2.00% to 29.05 CNY per share, with a total market capitalization of 24.172 billion CNY [1]. - The company has seen a year-to-date stock price decrease of 14.58%, with a 0.31% drop over the last five trading days and an 8.79% decline over the last 20 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Jiejie Microelectronics reported a revenue of 2.502 billion CNY, reflecting a year-on-year growth of 24.70%, and a net profit attributable to shareholders of 347 million CNY, which is a 4.30% increase [2]. - The company has distributed a total of 599 million CNY in dividends since its A-share listing, with 237 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of October 31, 2025, the number of shareholders for Jiejie Microelectronics was 89,200, a decrease of 3.46% from the previous period, with an average of 8,601 circulating shares per shareholder, an increase of 9.48% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 8.8008 million shares, an increase of 1.2678 million shares from the previous period, while the Southern CSI 500 ETF has reduced its holdings by 103,300 shares [3].

Core Viewpoint - The article discusses the implications of the Dutch government's actions against the semiconductor company Nexperia, a subsidiary of Wingtech Technology, highlighting the unintended consequences for both the Netherlands and its European allies in the semiconductor supply chain [1][2]. Group 1: Dutch Government Actions - The Dutch government imposed dual restrictions on Nexperia, which aligns with U.S. export control measures, raising suspicions of coordinated efforts against Chinese assets [1][2]. - Following the restrictions, China retaliated with export controls, affecting major automotive manufacturers in Europe, including Honda, Volkswagen, BMW, and Mercedes, leading to potential production halts [2][3]. Group 2: Semiconductor Industry Dynamics - Nexperia's operational structure includes significant manufacturing capabilities in China, with 70%-80% of its production capacity located there, particularly in Dongguan, which handles 70% of global shipments [3][6]. - The article emphasizes that despite the Dutch restrictions, the short-term impact on Nexperia's operations may be mitigated by domestic Chinese semiconductor manufacturers like SMIC and Huahong, which can cover 80% of specifications [6]. Group 3: Geopolitical Context - The actions of the Dutch government are seen as part of a broader strategy by the U.S. and its allies to curb China's semiconductor industry, with the Netherlands acting as a key player in this geopolitical landscape [7][9]. - The article suggests that the long-standing global division of labor led by the U.S. and Europe is collapsing, with China beginning to reshape the rules of the semiconductor game [10][12]. Group 4: Future Implications - The ongoing geopolitical tensions are expected to continue affecting companies like Nexperia, with the potential for further restrictions and competitive dynamics in the semiconductor sector [12][13]. - The article concludes that the current situation serves as a warning to smaller nations about the shifting balance of power in the semiconductor industry and the need for strategic adjustments [13].

Core Insights - Chengdu's integrated circuit industry has shown significant growth, with revenue reaching 70.44 billion yuan from January to August, marking a year-on-year increase of 55.1%, the highest among the city's 16 key industrial chains [1] - The city aims to address challenges in the integrated circuit sector through direct engagement with industry stakeholders, facilitating communication between government and enterprises [2][4] Industry Performance - Chengdu's integrated circuit industry is expected to surpass 100 billion yuan in total revenue by the end of the year, indicating robust growth and development of a complete industry chain from design to application [1] - Local enterprises express confidence in growth due to the establishment of leading companies like Huahong, which enhances the overall ecosystem [4] Government Support and Policy - The Chengdu government has implemented supportive measures, including nearly 100 million yuan in subsidies for companies like Chengdu Fuxin Power Semiconductor Technology Co., Ltd., aiding them in overcoming industry challenges [2] - Chengdu is working on a new version of its integrated circuit support policy, set to launch in 2026, which will increase subsidy rates and caps compared to current policies [6] Communication and Collaboration - A face-to-face event was organized to facilitate direct communication between government officials and industry representatives, addressing specific needs and concerns of local enterprises [5][9] - A WeChat group was established to maintain ongoing communication, allowing businesses to voice their opinions and receive timely responses from relevant departments [5] Future Initiatives - Chengdu is committed to creating a permanent platform for government-enterprise communication, transitioning from reactive support to proactive empowerment of the integrated circuit industry [6][9] - The city plans to implement a "1+7+365" service mechanism to ensure continuous support and resolution of enterprise issues [7][8]

Core Viewpoint - JieJie Microelectronics is a significant player in the domestic power semiconductor discrete device sector, with integrated manufacturing capabilities from chip to device [1] Group 1: Business Performance - In Q3 2025, JieJie Microelectronics achieved revenue of 2.502 billion yuan, ranking 5th in the industry, above the industry median of 973 million yuan but below the average of 3.305 billion yuan [2] - The main business composition includes power semiconductor devices at 1.074 billion yuan (67.12%) and power semiconductor chips at 492 million yuan (30.73%) [2] - The net profit for the same period was 345 million yuan, ranking 4th in the industry, exceeding the average of 224 million yuan and the median of 64.71 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, JieJie Microelectronics had a debt-to-asset ratio of 31.09%, down from 39.68% year-on-year but still above the industry average of 24.02% [3] - The gross profit margin for the same period was 32.77%, lower than the previous year's 38.22% but higher than the industry average of 30.71% [3] Group 3: Executive Compensation - The chairman, Huang Shanbing, received a salary of 1.3491 million yuan in 2024, an increase of 384,300 yuan from 2023 [4] - The general manager, Huang Jian, had a salary of 1.7976 million yuan in 2024, up by 576,900 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.87% to 94,500 [5] - The average number of circulating A-shares held per shareholder decreased by 1.83% to 7,681.29 [5] Group 5: Future Outlook - The company expects revenues of 3.5 billion, 4.31 billion, and 5.29 billion yuan for 2025, 2026, and 2027, respectively, with net profits of 520 million, 730 million, and 1 billion yuan [5] - The company is focusing on automotive electronics, with sales of automotive-grade MOSFETs continuing to reach new highs [5] - The company completed full ownership of JieJie Nantong Technology, expanding its product lines [6]

Investment Rating - The report indicates a positive investment outlook for the automotive chip industry, driven by the growth of electric vehicles and advancements in autonomous driving technology [4]. Core Insights - The automotive chip market is expected to grow significantly, with projections indicating a market size increase from 66.692 billion yuan in 2020 to 171.181 billion yuan by 2025 [37]. - The demand for automotive chips is being propelled by the electrification of vehicles, with electric vehicles requiring approximately twice the number of chips compared to traditional vehicles, and L4 autonomous vehicles needing over ten times the number of chips [12][39]. - The report highlights a clear trend towards domestic chip production in China, with local companies rapidly advancing in the automotive chip sector due to supply chain vulnerabilities exposed by global chip shortages [13][49]. Industry Definition - Automotive chips, also known as vehicle-grade chips, are semiconductor integrated circuits specifically designed for automotive electronic systems, serving as core components of Electronic Control Units (ECUs) [5]. - The industry is characterized by high technical barriers, stringent certification processes, and a growing trend towards domestic production in response to global supply chain challenges [11][14]. Industry Characteristics - The report identifies three main characteristics of the automotive chip industry: 1. Electrification driving market demand growth [12] 2. Significant domestic replacement of imported chips [13] 3. High technical barriers due to rigorous certification requirements [14] Development History - The automotive chip industry has evolved through three main phases: 1. Emergence phase (1970-1999) focused on basic electronic control [16] 2. Initiation phase (2000-2009) marked by the rise of electric and intelligent vehicles [17] 3. Rapid development phase (2010-present) characterized by the integration of advanced processing units and the rise of AI technologies [19]. Industry Chain Analysis - The automotive chip industry chain consists of three segments: upstream (raw materials and equipment), midstream (chip design and manufacturing), and downstream (system integration and vehicle application) [20]. - Upstream segments are heavily reliant on global suppliers, with low domestic penetration in high-end materials and equipment [21]. - Midstream manufacturers are increasingly competitive, with local companies making significant strides in various chip categories [22]. - Downstream demand is surging due to the rapid growth of electric and smart vehicles, with significant increases in chip requirements for power modules and advanced driver-assistance systems [34]. Market Size and Growth - The automotive chip market is projected to grow from 66.692 billion yuan in 2020 to 171.181 billion yuan by 2025, driven by the increasing penetration of electric vehicles and advancements in autonomous driving technology [37][41]. - The report notes that the market is expected to maintain a high growth rate due to the ongoing transformation of the automotive industry towards electrification and intelligence [42]. Competitive Landscape - The report outlines a competitive landscape where domestic companies are rapidly increasing their market share, with a notable shift from less than 3% to approximately 15% in domestic chip production [49]. - Key players in the domestic market include BYD Semiconductor, Sinda Semiconductor, and Horizon Robotics, with each company demonstrating strong technical capabilities in their respective fields [50].

Group 1 - Jilin Provincial Government emphasizes the need for comprehensive reform to enhance the role of effective markets and proactive government support for state-owned enterprises [1] - The government aims to accelerate the construction of a modern industrial system to foster new momentum and advantages for high-quality development in Jilin [1] Group 2 - Jilin Chemical Fiber Group, the largest carbon fiber production base in China, is encouraged to seize opportunities in the carbon fiber industry and aim for a doubling of total assets and revenue during the 14th Five-Year Plan [2] - The company is advised to focus on downstream products, expand into various application scenarios, and innovate business models to enhance core competitiveness [2] - There is a strong emphasis on accelerating digital transformation and upgrading technology to improve productivity and reduce costs [2] Group 3 - Jilin Huayi Electronics Co., Ltd., the first listed company in China's power semiconductor chip sector, faces risks of forced delisting due to past financial misconduct [3] - The company is urged to strengthen its governance structure and internal control mechanisms while enhancing market-oriented operations [3] - There is a call for the company to deepen its focus on semiconductors and chips, promote resource integration, and accelerate the fusion of technological and industrial innovation [3]