从基金十大重仓股角度 数据显示，融通基金旗下1只基金重仓德明利。融通先进制造混合A（014647）三季度持有股数7.13万 股，占基金净值比例为4.33%，位居第十大重仓股。根据测算，今日浮盈赚取约25.24万元。 12月30日，德明利涨1.47%，截至发稿，报244.30元/股，成交1.13亿元，换手率0.29%，总市值554.28亿 元。 资料显示，深圳市德明利技术股份有限公司位于广东省深圳市福田区梅林街道梅都社区中康路136号深 圳新一代产业园1栋A座2501、2401，成立日期2008年11月20日，上市日期2022年7月1日，公司主营业 务涉及闪存主控芯片设计、研发,存储模组产品应用方案的开发、优化,以及存储模组产品的销售。主营 业务收入构成为：嵌入式存储类产品41.37%，固态硬盘类产品37.34%，移动存储类产品13.06%，内存 条类产品8.22%，其他0.01%。 截至发稿，王迪累计任职时间7年196天，现任基金资产总规模7.89亿元，任职期间最佳基金回报 223.99%， 任职期间最差基金回报-6.17%。 责任编辑：小浪快报 融通先进制造混合A（014647）成立日期2022年2月22日 ...

Group 1 - The core point of the news is the significant increase in the stock price of Demingli, which rose by 5.18% to 288.64 CNY per share, with a trading volume of 2.039 billion CNY and a turnover rate of 4.52%, leading to a total market capitalization of 65.488 billion CNY [1] - Demingli Technology Co., Ltd. specializes in the design and development of flash memory controller chips, storage module product application solutions, and sales of storage module products, with its main business revenue composition being 41.37% from embedded storage products, 37.34% from solid-state drives, 13.06% from mobile storage, and 8.22% from memory modules [1] Group 2 - From the perspective of fund holdings, the Hengyue Fund has a significant position in Demingli, with its Hengyue Advantage Selected Mixed Fund (011815) holding 104,300 shares, accounting for 8.69% of the fund's net value, making it the largest holding [2] - The Hengyue Advantage Selected Mixed Fund has achieved a year-to-date return of 146.63%, ranking 5th out of 8147 in its category, and a one-year return of 128.62%, also ranking 5th out of 8056 [2] Group 3 - The fund manager of Hengyue Advantage Selected Mixed Fund is Wu Haining, who has been in the position for 2 years and 221 days, with the fund's total asset size at 262 million CNY and a best return of 90.13% during his tenure [3]

Group 1 - The core point of the news is the significant increase in the stock price of Demingli, which rose by 5.05% to 199.00 CNY per share, with a trading volume of 3.069 billion CNY and a turnover rate of 9.98%, resulting in a total market capitalization of 45.15 billion CNY [1] - Demingli Technology Co., Ltd. is based in Shenzhen, Guangdong, and was established on November 20, 2008, with its listing date on July 1, 2022. The company's main business involves the design and research of flash memory controller chips, development and optimization of storage module product application solutions, and sales of storage module products [1] - The revenue composition of Demingli's main business includes embedded storage products at 41.37%, solid-state drives at 37.34%, mobile storage products at 13.06%, memory modules at 8.22%, and others at 0.01% [1] Group 2 - From the perspective of major fund holdings, data shows that Yongying Fund has a significant position in Demingli, with its fund "Yongying Pioneer Semiconductor Select Mixed Initiation A" (025208) holding 190,000 shares, accounting for 9.65% of the fund's net value, making it the second-largest holding [2] - The fund "Yongying Pioneer Semiconductor Select Mixed Initiation A" was established on September 12, 2025, with a latest scale of 54.9739 million CNY and has achieved a return of 19.45% since its inception [2] Group 3 - The fund manager of "Yongying Pioneer Semiconductor Select Mixed Initiation A" is Zhang Haixiao, who has been in the position for 2 years and 148 days. The total asset scale of the fund is 2.865 billion CNY, with the best fund return during his tenure being 69.16% and the worst being -19.48% [3]

Core Viewpoint - Demingli's stock experienced a decline of 3.54% on October 13, with a trading volume of 4.319 billion yuan, indicating potential volatility in the market [1] Financing Summary - On October 13, Demingli had a financing buy amount of 486 million yuan and a financing repayment of 517 million yuan, resulting in a net financing outflow of 30.51 million yuan [1] - The total financing and securities lending balance for Demingli reached 1.329 billion yuan, with the financing balance of 1.324 billion yuan accounting for 3.13% of the circulating market value, which is above the 90th percentile level over the past year [1] - In terms of securities lending, Demingli repaid 880 shares and sold 3,200 shares on October 13, with a selling amount of 611,200 yuan, and the remaining securities lending balance was 502.14 million yuan, also above the 90th percentile level over the past year [1] Business Performance - As of September 30, Demingli had 30,100 shareholders, an increase of 18.22% from the previous period, with an average of 5,304 circulating shares per person, a decrease of 15.41% [2] - For the first half of 2025, Demingli reported an operating income of 4.109 billion yuan, representing a year-on-year growth of 88.83%, while the net profit attributable to shareholders was -118 million yuan, a decrease of 130.43% year-on-year [2] Dividend and Shareholding Structure - Since its A-share listing, Demingli has distributed a total of 78.2496 million yuan in dividends [3] - As of June 30, 2025, among the top ten circulating shareholders, E Fund Supply-side Reform Mixed Fund ranked fifth with 1.6599 million shares, an increase of 275,100 shares from the previous period [3] - Hong Kong Central Clearing Limited ranked sixth with 1.3479 million shares, a decrease of 416,100 shares, while GF Small and Medium-sized Cap Selection Mixed Fund ranked eighth with 1.2103 million shares, an increase of 309,000 shares [3]

Core Insights - Demingli experienced a decline of 4.84% in stock price on October 10, with a trading volume of 4.592 billion yuan [1] - The company reported a net financing outflow of 222 million yuan on the same day, with total financing and securities lending balance reaching 1.359 billion yuan [1] - As of September 30, the number of shareholders increased by 18.22% to 30,100, while the average circulating shares per person decreased by 15.41% [2] Financing and Trading Activity - On October 10, Demingli had a financing buy-in of 399 million yuan, with a financing balance of 1.355 billion yuan, accounting for 3.09% of the circulating market value [1] - The company’s financing balance is above the 90th percentile level over the past year, indicating a high level of activity [1] - In terms of securities lending, 2,300 shares were repaid and 1,200 shares were sold, with a total selling amount of 237,600 yuan [1] Financial Performance - For the first half of 2025, Demingli reported a revenue of 4.109 billion yuan, representing a year-on-year growth of 88.83% [2] - However, the net profit attributable to shareholders was -118 million yuan, a significant decrease of 130.43% compared to the previous period [2] Shareholder Composition - As of June 30, 2025, Demingli's top ten circulating shareholders included notable funds such as E Fund Supply-side Reform Mixed Fund, which increased its holdings by 275,100 shares [3] - Hong Kong Central Clearing Limited reduced its holdings by 416,100 shares, while Guangfa Small and Medium Cap Selected Mixed Fund increased its holdings by 309,000 shares [3] - The company has distributed a total of 78.2496 million yuan in dividends since its A-share listing [3]

Market Overview - A total of 54 stocks reached the daily limit up in the A-share market, with 51 stocks after excluding 3 ST stocks, resulting in a limit-up rate of 72.97% [1] Trading Highlights - The highest limit-up order volume was for Dazhong Public Utilities with 504,100 hands, followed by Meike Home, Lianmei Holdings, and Guangdong Construction with 335,400 hands, 296,800 hands, and 278,000 hands respectively [2] - Tianpu Co. achieved a remarkable 15 consecutive limit-ups, while Hangzhou Electric and Fulongma had 6 and 4 consecutive limit-ups respectively [2] Company Insights - Heertai has strategically positioned itself in the smart product business since the early development of artificial intelligence technology, integrating various technologies to upgrade traditional hardware [2] - Longchuan Technology provides testing equipment for integrated circuit packaging and testing enterprises, wafer manufacturing enterprises, and chip design companies [5] - Demingli focuses on flash memory controller chip design and storage module solutions, with applications in data centers, consumer electronics, and automotive electronics [6] - Guiguang Network is a significant broadcasting network operator in Guizhou province, actively participating in data center operations [7] Investment Trends - The net buying amount for Shanghai Construction exceeded 200 million yuan, with significant net purchases also seen in Wolong Materials and Demingli [10] - Institutional investors showed strong interest in Demingli, Haibo Sichuang, and Zhongdian Xinlong, with net buying amounts of 362 million yuan, 178 million yuan, and 79.2 million yuan respectively [10]

Core Viewpoint - The memory and flash memory sectors experienced a significant rally on September 19, with multiple companies seeing substantial stock price increases, indicating a positive market sentiment and potential growth in the industry [1]. Group 1: Stock Performance - Companies such as Demingli, Jiangbolong, and Lankai Technology saw stock price increases of over 10%, with Demingli reaching a peak increase of 9.33% and Jiangbolong at 10.02% [1][2]. - The market capitalization of Jiangbolong is reported at 34.41 billion, while Demingli's market cap stands at 22.39 billion [2]. Group 2: Price Increase Trends - U.S. storage companies, including Micron Technology and SanDisk, saw stock prices rise over 5%, reaching historical highs [3]. - Samsung is expected to increase prices for DRAM products by 15%-30% and NAND products by 5%-10% in Q4 [3]. - Micron has halted pricing for various storage products, indicating potential price increases of 20%-30% [3]. Group 3: Market Dynamics - The DRAM market is anticipated to experience a comprehensive price increase by the second half of 2025 due to supply-demand imbalances [4]. - The NAND market is under pressure to improve profit margins as some applications have not yet reached profitability [4]. - AI-driven demand is significantly boosting the storage sector, leading to supply shortages and price hikes [5]. Group 4: Future Outlook - The global DRAM market is expected to expand continuously, benefiting the storage industry as AI computing needs grow [5]. - The transition of NAND production lines to newer technologies is causing a significant drop in overall capacity, further driving price increases [5]. - Innovations in DRAM architecture, such as 3D DRAM, are being developed to enhance efficiency and meet growing demand [5].

Core Viewpoint - Demingli's stock price has seen a significant increase, with a 35.16% rise over the past five days, indicating strong market interest and potential growth in the company's performance [1]. Company Overview - Demingli Technology Co., Ltd. is based in Shenzhen, Guangdong, and was established on November 20, 2008. The company went public on July 1, 2022. Its main business involves the design and development of flash memory controller chips, application solutions for storage modules, and sales of storage module products [1]. - The revenue composition of Demingli's main business includes: embedded storage products (41.37%), solid-state drives (37.34%), mobile storage products (13.06%), memory modules (8.22%), and others (0.01%) [1]. Fund Holdings - According to data, one fund under Bank of China, the Zhongyin Small and Medium Growth Mixed Fund (163818), holds a significant position in Demingli, with 9,200 shares, accounting for 2.3% of the fund's net value, making it the ninth largest holding [2]. - The fund has realized a floating profit of approximately 57,900 yuan today, and a total of 300,400 yuan during the five-day increase [2]. Fund Manager Performance - The fund manager of Zhongyin Small and Medium Growth Mixed Fund is Wang Weiran, who has been in the position for 4 years and 321 days. The total asset size of the fund is 1.043 billion yuan, with the best return during his tenure being 66.28% and the worst being -26.1% [3].

Core Viewpoint - Demingli is focusing on AI PC, smart wearables, and data center solutions, benefiting from the depreciation of the RMB and has been recognized as a "specialized, refined, distinctive, and innovative" enterprise [2][3][4]. Group 1: Product Development - Demingli has launched DDR5 SO-DIMM and U-DIMM memory modules for AI PCs, with a single module capacity of up to 48GB and a theoretical bandwidth of 32GB/s [2]. - The company has developed a complete product matrix for embedded storage, including UFS, LPDDR, and eMMC, targeting the durability needs of smart wearable devices [2]. - Demingli's data center storage solutions are designed to meet high capacity, performance, reliability, and scalability requirements, supporting modern enterprise data management [2]. Group 2: Market Position and Recognition - Demingli has been included in the Ministry of Industry and Information Technology's list of "specialized, refined, distinctive, and innovative" small giant enterprises, indicating its strong market position and innovation capabilities [3]. - As of the 2024 annual report, overseas revenue accounted for 69.74% of total revenue, benefiting from the depreciation of the RMB [4]. Group 3: Financial Performance - For the first half of 2025, Demingli reported a revenue of 4.109 billion, representing a year-on-year growth of 88.83%, while the net profit attributable to shareholders was -118 million, a decrease of 130.43% year-on-year [9]. - The company has distributed a total of 78.2496 million in dividends since its A-share listing [10]. Group 4: Shareholder and Market Activity - As of August 8, 2025, Demingli had 30,900 shareholders, a decrease of 4.64% from the previous period, with an average of 5,173 circulating shares per shareholder, an increase of 4.86% [9]. - The stock has seen a net outflow of 47.266 million from major investors today, with a total market capitalization of 22.296 billion [1][6].

Core Viewpoint - The company focuses on the design of flash memory controller chips and storage module solutions, with applications in diverse fields such as data centers, consumer electronics, and automotive electronics, but does not engage in military storage solutions [1] Group 1 - The company has a commitment to continuous technological innovation and the expansion of application scenarios [1] - Future business development will be disclosed in subsequent company information releases [1]