点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 期待-江湖有你 一直在路上，所以停下脚步，只在于分享 | (大洋) | 新区 | | | 32 NAND | | | 据中心NAND | | --- | --- | --- | --- | --- | --- | --- | --- | | 英特尔(大 | 大连开发 | | | NAND闪存专 | | | 3DNAND闪存盘芯片 | | 许) | × | FabD1 | 300 | 用工艺(176 | 9 | 9.0(满产) | 企业级存储 | | 美光科技 | 西安高新 | | | NAND闪存了 | | | 消费级NAND、移动 | | (西安) | × | FabX1 | 300 | 艺(176层) | 6 | 8.0(2026年) | 存储芯片 | | | | | | 90nm | | | | | 和舰芯片 | 苏州(工业 | | | 130nm | | | MCU、功率器件、显 | | (苏州) | 区区 | ant | 200 | 180nm | | | 示驱动IC | | | | | | 2 ...

证券日报网讯好上好（001298）9月30日在互动平台回答投资者提问时表示，公司可以提供应用于人形 机器人大脑的核心算力板，小脑运动控制的智能模组，氮化镓关节模组、灵巧手的主控模组、功率器件 等产品及相应应用解决方案和技术支持。 ...

每经AI快讯，有投资者在投资者互动平台提问：公司在人形机器人方面可以提供哪些技术支持？ （记者 王晓波） 好上好（001298.SZ）9月30日在投资者互动平台表示，公司可以提供应用于人形机器人大脑的核心算力 板，小脑运动控制的智能模组，氮化镓关节模组、灵巧手的主控模组、功率器件等产品及相应应用解决 方案和技术支持。 ...

9月26日，上海贝岭盘中下跌2.05%，截至13:46，报36.81元/股，成交8.86亿元，换手率3.35%，总市值 260.95亿元。 资金流向方面，主力资金净流出7610.86万元，特大单买入5349.75万元，占比6.04%，卖出7604.81万 元，占比8.58%；大单买入1.42亿元，占比15.98%，卖出1.95亿元，占比22.02%。 分红方面，上海贝岭A股上市后累计派现12.30亿元。近三年，累计派现3.34亿元。 机构持仓方面，截止2025年6月30日，上海贝岭十大流通股东中，南方中证500ETF（510500）位居第二 大流通股东，持股840.24万股，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） 位居第三大流通股东，持股601.72万股，相比上期增加58.77万股。香港中央结算有限公司位居第四大流 通股东，持股483.40万股，相比上期增加33.76万股。南方中证国新央企科技引领ETF（560170）位居第 九大流通股东，持股145.91万股，为新进股东。南方中证1000ETF（512100）、华夏中证1000ETF （159845）、广发中证1000ETF（ ...

Core Viewpoint - Shanghai Beiling's stock performance shows a mixed trend with a slight increase on September 22, 2023, but a year-to-date decline of 6.02% [1] Financial Performance - For the first half of 2025, Shanghai Beiling reported revenue of 1.347 billion yuan, a year-on-year increase of 21.27%, and a net profit attributable to shareholders of 134 million yuan, up 2.25% [2] - Cumulative cash dividends since the A-share listing amount to 1.23 billion yuan, with 334 million yuan distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 2.09% to 242,000, while the average number of circulating shares per person increased by 2.13% to 2,929 shares [2] - Notable institutional shareholders include Southern CSI 500 ETF, which is the second-largest shareholder with 8.4024 million shares, and Guolian An CSI All-Index Semiconductor Products and Equipment ETF, which increased its holdings by 587,700 shares [3] Stock Market Activity - On September 22, 2023, Shanghai Beiling's stock price rose by 2.06% to 37.13 yuan per share, with a trading volume of 917 million yuan and a turnover rate of 3.53% [1] - The stock experienced a net inflow of 587,200 yuan from main funds, with significant buying and selling activity from large orders [1] Business Overview - Shanghai Beiling, established on September 10, 1988, specializes in integrated circuit chip design and product application development, with a revenue composition of 32.05% from semiconductor materials, 27.53% from signal chain analog chips, 26.71% from power management chips, and 12.32% from power devices [1] - The company is classified under the electronic-semiconductor-analog chip design industry and is involved in several concept sectors including MCU concept and EDA concept [1]

Core Viewpoint - The acquisition of Better Electronics by Yangjie Technology for 2.2 billion yuan is a strategic move aimed at enhancing industry chain synergy rather than merely a financial investment [1][3]. Group 1: Acquisition Details - Yangjie Technology, valued at 36 billion yuan, is acquiring Better Electronics, which has previously failed to go public twice and has 67 shareholders including Shenzhen High-tech Investment and Dacheng Caizhi [1]. - The acquisition is fully cash-based, increasing Yangjie Technology's financial pressure, but the core value lies in the complementary nature of Better Electronics' power protection components and Yangjie Technology's power devices [3]. Group 2: Investment Perspective - Some investors view the acquisition as a "game of pass" due to Better Electronics' past IPO failures, questioning the cost-effectiveness of the deal [3]. - However, Better Electronics has shown profitability for two consecutive years and has committed to a net profit exceeding 555 million yuan over the next three years, indicating its value [3][10]. Group 3: Industry Context - The current wave of mergers and acquisitions is seen as a response to policy stimuli, with significant increases in major restructurings, particularly in strategic emerging industries like semiconductors and new energy [8]. - Yangjie Technology's acquisitions are focused on the semiconductor industry chain, contributing to its core competitiveness in the IDM model [8][12]. Group 4: Future Implications - The acquisition provides Better Electronics with more funding and broader customer channels, potentially accelerating its growth despite concerns about the loss of growth potential due to investor exits [5][10]. - The cash transaction may include stricter performance compensation clauses, making the risks more manageable compared to stock-based payments [10]. Group 5: Overall Market Dynamics - The merger wave is not merely a capital frenzy but a necessary choice for industry development, allowing companies to adapt and grow in a changing market [12][15]. - For companies that have struggled with IPOs, mergers offer a pathway to growth, while for listed companies, they serve as a means to quickly enhance their supply chains [14].

Core Viewpoint - Yangjie Technology plans to acquire 100% equity of Dongguan Better Electronics for 2.218 billion yuan in cash, marking a significant move in the Chinese power semiconductor industry [1][2]. Transaction Structure - The acquisition will be paid entirely in cash, with a total price of 2.218 billion yuan, representing a premium of over 270% compared to Better Electronics' net assets of 590 million yuan [5]. - Payment will be made in three phases: the first phase involves a 30% payment (665 million yuan), and the second phase involves a 70% payment of 550 million yuan to non-performance commitment parties [6]. Performance Commitment - Yangjie Technology has set strict performance targets for Better Electronics, requiring a cumulative net profit of no less than 555 million yuan from 2025 to 2027 [7]. Acquisition Motivation - The acquisition is a strategic decision based on multiple considerations, as Better Electronics' products complement Yangjie Technology's existing power device offerings [8]. - Better Electronics specializes in overcurrent and overtemperature protection components, enhancing Yangjie Technology's product matrix and enabling comprehensive solutions for customers [9][10]. Synergy Effects - There is a high customer overlap between Yangjie Technology and Better Electronics, with Better's clients including major companies in home appliances and new energy sectors, which can create significant synergy [11]. - Both companies will share R&D outcomes, enhancing Yangjie Technology's research capabilities [12]. Overseas Expansion - Both companies have extensive overseas business experience, which can lead to beneficial business complementarity [13]. - Yangjie Technology's overseas revenue reached 834 million yuan in the first half of 2025, a year-on-year increase of 34.97%, while Better Electronics has a 26.9% export ratio in 2023 [14]. About Better Electronics - Founded in 2003, Better Electronics focuses on power electronic protection components and has a 4.3% share in the global fuse market as of 2022 [15]. - The company reported a revenue of 837 million yuan and a net profit of 148 million yuan in 2024, with a compound annual growth rate of approximately 28% in revenue from 2020 to 2024 [15]. About Yangjie Technology - Established in 2000, Yangjie Technology has evolved into a representative IDM model enterprise in China's semiconductor discrete device sector, with a market value of approximately 36 billion yuan [17]. - The company achieved a revenue of 3.455 billion yuan in the first half of 2025, a year-on-year increase of 20.58% [17]. Industry Background - The A-share merger and acquisition market has become active due to policies like the new "National Nine Articles" and "Merger Six Articles," with over 1.4 trillion yuan in total transaction value in the first half of 2025 [19]. - Better Electronics' choice to be acquired follows its unsuccessful IPO attempt, reflecting a trend among companies seeking alternative growth paths [19]. Future Outlook - Yangjie Technology aims to reach a revenue of 10 billion yuan by 2027, with the acquisition of Better Electronics being a crucial step towards this goal [20]. - The merger is expected to create positive synergies in product categories, R&D, customer bases, and sales channels [20].

Core Viewpoint - Shanghai Beiling's stock has experienced fluctuations, with a recent decline of 2.04% and a year-to-date drop of 6.61%, despite a 4.27% increase over the last five trading days [1] Financial Performance - For the first half of 2025, Shanghai Beiling reported revenue of 1.347 billion yuan, representing a year-on-year growth of 21.27%, and a net profit attributable to shareholders of 134 million yuan, up 2.25% from the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.23 billion yuan, with 334 million yuan distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 2.09% to 242,000, while the average number of circulating shares per person increased by 2.13% to 2,929 shares [2] - Notable institutional shareholders include Southern CSI 500 ETF, which is the second-largest shareholder with 8.4024 million shares, and Guolian An CSI All-Index Semiconductor Products and Equipment ETF, which increased its holdings by 587,700 shares [3]

Core Viewpoint - The stock of Kaiwei Technology has experienced fluctuations, with a recent decline of 2.05% on September 18, 2023, and a total market capitalization of 2.708 billion yuan [1]. Company Performance - Year-to-date, Kaiwei Technology's stock price has increased by 4.58%, with a 1.97% rise over the last five trading days, a 6.84% decline over the last 20 days, and a 14.10% increase over the last 60 days [2]. - For the first half of 2025, the company reported revenue of 111 million yuan, representing a year-on-year growth of 92.66%. However, the net profit attributable to shareholders was a loss of 33.22 million yuan, a decrease of 18.33% compared to the previous year [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Kaiwei Technology was 6,440, an increase of 12.78% from the previous period. The average number of circulating shares per shareholder was 5,898, a decrease of 11.34% [2]. - The company has distributed a total of 19.89 million yuan in dividends since its A-share listing [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included a new entry, Nuoan Multi-Strategy Mixed A, holding 316,800 shares. Meanwhile, Guangfa Technology Innovation Mixed A has exited the top ten list [3].

Core Viewpoint - Shanghai Beiling's stock price has shown a recent upward trend, with a notable increase of 9.12% over the last five trading days, despite a year-to-date decline of 3.42% [1]. Financial Performance - For the first half of 2025, Shanghai Beiling reported a revenue of 1.347 billion yuan, representing a year-on-year growth of 21.27%. The net profit attributable to shareholders was 134 million yuan, reflecting a growth of 2.25% [2]. - Cumulatively, the company has distributed 1.23 billion yuan in dividends since its A-share listing, with 334 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Shanghai Beiling was 242,000, a decrease of 2.09% from the previous period. The average number of circulating shares per shareholder increased by 2.13% to 2,929 shares [2]. - The top ten circulating shareholders include notable entities such as Southern CSI 500 ETF and Guolian An CSI All-Index Semiconductor Products and Equipment ETF, with significant holdings and recent increases in shares [3]. Market Activity - On September 18, Shanghai Beiling's stock price reached 38.16 yuan per share, with a trading volume of 808 million yuan and a turnover rate of 3.03%. The total market capitalization stood at 27.053 billion yuan [1]. - The net inflow of main funds was 16.25 million yuan, with large orders accounting for 19.93% of purchases and 19.78% of sales [1]. Business Overview - Shanghai Beiling, established in 1988 and listed in 1998, specializes in integrated circuit chip design and product application development. Its main revenue sources include semiconductor materials (32.05%), signal chain analog chips (27.53%), power management chips (26.71%), and power devices (12.32%) [1]. - The company is categorized under the electronic-semiconductor-analog chip design industry and is involved in various concept sectors such as MCU, EDA, and biometric recognition [1].