国芯科技 20250827 摘要 国芯科技 2025 年上半年营收 385 万元，扣非净利润亏损 9,720 万元， 同比扩大。汽车电子芯片业务收入 4,915 万元，同比增长 63.81%，为 主要增长点；人工智能与信息计算业务收入同比大幅减少 83.77%。 公司综合毛利率达 36.8%，同比增长 16.61 个百分点，合同负债 9.67 亿元，同比增长 37.56%，经营性现金流净额转正为 5,254 万。存货同 比减少，库存改善，知识产权显著增长。 汽车电子芯片业务深化 12 条产品线布局，与比亚迪、奇瑞、吉利等车 厂及 ADITEK 等 Tier One 厂商建立合作，并与金威恒润推出 classic platform auto sad 解决方案，实现国产替代。 信创信息安全领域，推出高性能云安全 IC，集成神经网络处理单元，平 面内运算速度达 100 万次，对称算法性能达 80Gbps，增强高端信息安 全产品竞争力。 公司与郑州新大联合研发 28 纳米可重构低功耗抗量子密码算法芯片， 并研制抗量子密码卡，支持多种算法和主流平台，应用于金融、通信等 高安全领域。 Q&A 请介绍一下国芯科技 2025 ...

Market Performance - On June 17, 2025, A-shares saw a collective decline with the Shanghai Composite Index down 0.04%, the Shenzhen Component Index down 0.12%, and the ChiNext Index down 0.36%. Over 2900 stocks fell, with total market turnover at 1.2371 trillion yuan, a decrease of 6.4 billion yuan from the previous day [2] - Hong Kong stocks also experienced a downturn, with the Hang Seng Index falling 0.34% to close at 23980.30 points, and total trading volume at 202.144 billion HKD. The Hang Seng China Enterprises Index dropped 0.4%, while the Hang Seng Tech Index decreased by 0.15% [2] - In the US market, major indices fell, with the S&P 500 down 0.84% to 5982.72 points, the Nasdaq Composite down 0.91% to 19521.09 points, and the Dow Jones Industrial Average down 0.7% to 42215.8 points [2] New Stock Offerings - There were no new stock subscriptions or listings on this day [3] Foreign Investment Trends - In May, foreign investment in domestic stocks increased compared to the previous month, with a net inflow of 33 billion USD from non-bank sectors, including enterprises and individuals. The trade in goods maintained a high net inflow, while other capital outflows remained stable [4] - The foreign exchange market showed a balanced supply and demand, with banks transitioning to a surplus in foreign exchange settlements and sales. The overall economic stability in China is expected to support the healthy operation of the foreign exchange market [4]

Group 1 - Xi Jinping expressed concerns over the escalating tensions in the Middle East due to Israel's military actions against Iran, emphasizing the need for conflict de-escalation and constructive efforts for regional stability [1] - The 2025 Lujiazui Forum will focus on financial reform and international cooperation to inject new momentum into global economic growth, serving as a platform for important financial policy announcements [2] - The Chinese Ministry of Foreign Affairs criticized Taiwan's inclusion of Huawei and SMIC in its entity list under U.S. pressure, condemning the politicization of technology and trade issues [3] Group 2 - In May 2025, there was a net inflow of $33 billion in cross-border funds, with foreign investment in domestic stocks increasing compared to the previous month, indicating a stable foreign exchange market [4] - Recent reports indicate a rise in the proportion of quantitative trading in the A-share market, attributed to increased activity in small and mid-cap stocks [5][6] - The Hong Kong stock market saw a significant drop in the innovative drug sector, with a decline exceeding 6%, attributed to high trading congestion rather than external negative news [6] Group 3 - The technology sector has shown signs of cooling, with the average daily trading volume on the STAR Market at 92.2 billion yuan in June, ranking among the lowest in the past eight months [7] - The U.S. stock market indices experienced declines, with notable movements in specific stocks, including a 17% increase in a Chinese biotech company [8] - The Federal Reserve is expected to maintain its current interest rate stance, with discussions around the impact of tariffs on inflation expectations [9][10] Group 4 - The Bank of Japan decided to keep interest rates unchanged and will slow down its bond purchase reduction next year, reflecting a cautious approach amid market volatility [10] - The European Union is pushing for a complete ban on Russian gas imports by the end of 2027, aiming to enhance energy security in response to geopolitical tensions [10] - Guangdong's State-owned Assets Supervision and Administration Commission announced increased investments in new industries and high-tech enterprises, with a total commitment of approximately 70 billion yuan [12]

3、新瀚新材：控股股东拟询价转让3%公司股份。 三、对外投资、日常经营 一、并购 1、泰禾智能：拟以现金方式收购安徽阳光优储新能源100%股权，交易金额4580万元。 2、天威视讯：收购天擎数字70%股权完成。 二、回购、股权转让 1、华海清科：董事长提议5000万元-1亿元回购股份。 2、广大特材：实际控制人提议拟2亿元-4亿元回购股份。 8、蓝思科技：境外上市外资股（H股）发行与上市获得中国证监会备案。 9、城建发展：收到国信证券2024年度分红款9,021.69万元，该笔款项将计入公司2025年度投资收益。 10、海天味业：确定本次H股发行的最终价格为每股36.30港元。 四、业绩变动 1、国芯科技：抗量子密码卡新产品内部测试成功，已向多家客户送样。 2、荣昌生物：泰它西普获欧盟孤儿药资格认定。 3、芯碁微装：签订7份设备购销合同，金额合计1.46亿元。 4、中工国际：签署3.37亿美元哈萨克斯坦纯碱厂项目二期合同。 5、德马科技：与智元新创达成战略合作意向，探索具身智能机器人在物流场景的创新应用。 6、中超控股：子公司中标多项电力电缆项目，中标金额共计10.61亿元。 7、雅化集团：拟整合锂业务公司股 ...