智通财经APP获悉，瑞银发表最新研报，基于其证据实验室对全球100多家分销商的库存与定价数据监 测指出，当前半导体行业库存与定价趋势整体向好，尤其是MCU库存的持续消化缓解了市场对供需失 衡的担忧。该行认为，尽管贸易紧张局势和关税风险可能抑制了进一步去库存的动力，但行业正逐步走 向供需平衡，继续看好德州仪器(TXN.US)、瑞萨电子(RNECY.US)和英飞凌(IFNNY.US)。 核心趋势：库存稳步调整，定价稳中有升 报告指出，7月全球半导体库存整体呈现稳定调整态势。除电容器和传感器库存环比分别增长6%外，其 余品类库存环比持平或下降2%。其中，MCU库存自2月以来持续消化，本月环比下降1%，虽较上月5% 的降幅有所放缓，但延续了去库存趋势。 被动元件：多层陶瓷电容器(MLCC)6月末库存环比增长2%，7月续增5%;电容器价格同比大涨36%，环 比上涨3%，库存同比下降12%。 传感器：价格同比上涨18%，环比上涨2%，主要由磁传感器推动;库存同比增长31%，环比上涨6%，近 几个月库存波动较大。 企业层面观察 从企业热力图分析，7月加权平均定价同比上涨3%(5月同比涨幅相同)。库存总体稳定，MCU库存消化 ...

Group 1 - The core viewpoint of the news highlights the significant stock performance of Tianli Holdings Group, which has seen a cumulative increase of 84% over the past month and 109.09% year-to-date, outperforming the Hang Seng Index by 21.26% [1] - As of June 27, the stock price of Tianli Holdings Group closed at HKD 0.58 per share, with a trading volume of 1.272 million shares and a turnover of HKD 618,800, reflecting a volatility of 30.43% [1] - Financial data indicates that for the year ending December 31, 2024, Tianli Holdings Group is projected to achieve total revenue of HKD 548 million, representing a year-on-year growth of 12.29%, while the net profit attributable to shareholders is expected to be a loss of HKD 153 million, showing a year-on-year increase of 30.96% [1] Group 2 - The company operates primarily in the production and sale of electronic products, focusing on multilayer ceramic capacitors (MLCC) [2] - Tianli Holdings Group is in the process of establishing several wholly-owned subsidiaries in Hong Kong and overseas to develop financial investment businesses and provide financial services, which may include direct investments in debt, equity, and other assets, asset management, and financial advisory services [2] Group 3 - The current average price-to-earnings (P/E) ratio for the industrial engineering sector is 14.34 times, with a median of 2.7 times, while Tianli Holdings Group's P/E ratio stands at -2.07 times, ranking 173rd in the industry [1] - Other companies in the same sector have the following P/E ratios: China Aerospace Wanyuan at 0.32 times, Yili Holdings at 0.43 times, Yidu (International Holdings) at 0.65 times, Tianjie Environment at 2.13 times, and Tongjing New Energy at 2.59 times [1]

Core Viewpoint - Samsung Electro-Mechanics has been approved to supply multilayer ceramic capacitors (MLCC) to BYD, indicating a strategic partnership in the electric vehicle supply chain [1] Group 1 - Samsung Electro-Mechanics is also supplying MLCC to Tesla, showcasing its role in the growing electric vehicle market [1]