12月24日，A股三大指数集体上涨，上证指数盘中上涨0.08%，环保、电子、通信等板块涨幅靠前，农 林牧渔、煤炭跌幅居前。芯片科技股走强，截至9点48分，芯片ETF（159995.SZ）上涨0.52%，成分股 北京君正上涨6.23%，圣邦股份上涨5.15%，中芯国际上涨2.95%，卓胜微上涨2.79%，沪硅产业上涨 0.88%。 资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、设 计、制造、封装和测试等龙头企业，其中包括中芯国际、寒武纪、长电科技、北方华创等。 （文章来源：每日经济新闻） 东莞证券表示，存储价格持续上行，表明AI带来的需求十分旺盛，存储产业链相关企业有望受益价格 上涨。 消息方面，据CFM闪存市场近日发布的2026年存储市场展望报告，预计2026Q1服务器eSSD和 DDR5RDIMM仍存在较大供应缺口，预计DDR5RDIMM大幅上涨40%以上，eSSD上涨20%~30%；嵌入 式存储方面，2025年四季度嵌入式NAND和DRAM合约价分别出现高达30%和45%以上的涨幅，预计一 季度还将出现大幅上涨。 ...

今天上午，A股继续反弹，三大股指齐涨。其中，上证指数迎来日线5连阳。 新能源赛道迎来反弹，受碳酸锂期货持续上涨影响，锂电产业链领涨。 据CFM闪存市场近日发布的2026年存储市场展望报告，预计2026年一季度服务器eSSD和DDR5 RDIMM仍存在较大供应缺口，预计DDR5 RDIMM价格大 幅上涨40%以上，eSSD价格上涨20%—30%。嵌入式存储方面，2025年四季度嵌入式NAND和DRAM合约价分别出现30%和45%以上的涨幅，预计2026年 一季度还将大幅上涨。 招商证券表示，AI需求增长带动全球存储及先进制程产能扩张，展望2026年-2027年，国内存储及先进制程扩产有望提速，国内设备厂商订单持续向好， 卡位良好及份额较高的存储设备公司有望受益。 东海证券表示，2026年上半年，半导体行业大概率周期继续向上，结构性增长机遇依然在AI服务器、AI端侧、设备材料等细分赛道；2026年下半年，需 要密切关注存储价格波动、AI高投资高增长的持续性、需求复苏的持续性。 半导体产业链、算力产业链、大金融上午表现活跃，其中两大半导体设备龙头股北方华创（002371）、拓荆科技，两大保险龙头股新华保险（6013 ...

Core Viewpoint - The semiconductor industry is experiencing significant growth driven by advancements in AI technology, leading to increased demand for semiconductor manufacturing equipment and storage solutions. This growth is expected to continue into 2026 and 2027, with substantial capital expenditures and a rise in domestic production capabilities in China [1][2][12]. Industry Developments - The Shanghai Jiao Tong University has achieved a breakthrough in optical computing chips, marking China's entry into a leading position in the global optical chip sector [6]. - The International Semiconductor Equipment Manufacturers Association (SEMI) forecasts that global semiconductor manufacturing equipment sales will reach $133 billion in 2025, a 13.7% increase year-over-year, with further growth expected in 2026 and 2027 [1][13]. Market Trends - The semiconductor equipment ETF (561980) has seen a daily increase of 4.22%, with significant contributions from stocks like Tuojing Technology reaching new highs [1]. - The demand for storage chips is rising, with embedded NAND and DRAM contract prices expected to increase by 30% and 45% respectively in Q4, with further price hikes anticipated in Q1 [8]. Investment Insights - The semiconductor equipment sector is positioned as a cornerstone of the semiconductor industry, with a broad space for domestic substitution and growth opportunities driven by AI-related investments [2][3]. - The domestic semiconductor equipment market is expected to benefit from the expansion of storage and advanced logic chip production, with a significant increase in domestic production capabilities anticipated [2][24]. Financial Performance - The China Securities Index for the semiconductor sector reported a 32.12% year-over-year revenue growth in Q3, continuing a trend of growth over the past ten quarters, driven by AI applications and domestic substitution efforts [17].

Group 1 - Multiple money market funds, including Tianhong Yu'ebao, have announced a reduction in management and custody fees to better meet investor needs [1] - Tianhong Yu'ebao's custody fee has been lowered from 0.08% to 0.07%, with a fund size of 793.219 billion yuan as of June [1] - Guoxin Guozheng Cash Growth Fund has adjusted its management and custody fees to 0.2% and 0.07% respectively [1] Group 2 - The National Energy Administration reported that China's total electricity consumption reached 1,015.4 billion kWh in August, marking a 5.0% year-on-year increase [1] - This is the first time globally that monthly electricity consumption has exceeded 1 trillion kWh for two consecutive months, driven by high summer temperatures [1] - Industrial electricity consumption in August was 590.9 billion kWh, accounting for nearly 60% of total consumption, with manufacturing electricity usage growing by 5.5% year-on-year [1] Group 3 - IDC reported that global smart camera shipments reached 32.784 million units in Q2 2025, a 0.9% year-on-year increase [2] - The Asia-Pacific market (excluding China and Japan) and the US and Canada have seen year-on-year declines in smart camera shipments [2] - China's smart camera market shipped 23.592 million units, with a growth rate of 3.1%, indicating a gradual slowdown [2] Group 4 - The State Administration for Market Regulation is set to release the "Live E-commerce Supervision Management Measures," which clarify the legal responsibilities of various stakeholders in live e-commerce [3] - The measures aim to strengthen supervision and establish a closed-loop regulatory enforcement system [3] Group 5 - Embedded NAND and LPDDR4X products have seen a price increase due to rising resource costs and increased market inquiries [3] - NAND Flash wafer prices have generally increased by single-digit percentages, with 512Gb TLC NAND prices rising nearly 10% [3] Group 6 - Alibaba's Qwen has updated three large models, including an open-source multimodal model and an image editing model [4][5] Group 7 - Fat Donglai has reportedly spent over 10 million yuan on packaging design for its self-operated mooncake gift boxes [5] Group 8 - Jiangsu Jiangshun Precision Technology Group received a regulatory letter from the Shenzhen Stock Exchange for inaccuracies in its financial disclosures [6] Group 9 - *ST Wanfang's major shareholder's stock was auctioned off twice without success, raising concerns about potential changes in control [6] - The company is under investigation for information disclosure violations [6] Group 10 - China Electric Research announced a preliminary share transfer price of 24.09 yuan per share for its shareholder's inquiry [7] Group 11 - Tianzhou Culture plans to invest up to 450 million yuan of idle funds in low-risk financial products [8] Group 12 - Yishitong intends to repurchase shares worth between 30 million and 55 million yuan, with a maximum price of 40.69 yuan per share [9] Group 13 - Libaba Co. plans to invest 50 million yuan in the establishment of a private equity fund focusing on key industries in the Yangtze River Delta [10] Group 14 - Dayu Water-saving announced a joint bid for a high-standard farmland project worth 106 million yuan [11] Group 15 - Wan'an Technology's subsidiary has been selected as a supplier for a major domestic automotive group, with an expected sales total of approximately 280 million yuan over five years [12] Group 16 - The ChiNext index experienced a rebound, closing up 0.21%, with significant activity in the semiconductor sector [13]