功率模拟涨价怎么看？20260127 摘要 模拟芯片市场需求整体环比去年增长，受益于储能、汽车、AI 电源及海 外替代等领域的需求拉动，前景并不悲观，但总体需求强度不及 2021- 2022 年。 模拟芯片供给端面临挑战，成熟制程产能收缩和代工价格上涨，类似于 2021 年情况重现，8 寸晶圆产能同比转负，中国大陆代工价格上涨，供 给弹性较弱。 经销商在模拟芯片市场中扮演关键催化剂角色，通过调整库存策略放大 市场需求和价格反馈，加速市场波动，对价格具有放大效应。 模拟芯片涨价趋势明显，上游 Fab、封测及贵金属成本上涨，大型厂商 如 TI、ADI 调整价格策略，叠加极端天气可能扰动供应链，共同推动涨 价。 功率板块市场呈现涨价趋势，代工厂及中小型功率公司纷纷发布涨价函， 主要由于上游原材料成本上涨，但不同公司涨价幅度存在差异。 全球 8 寸晶圆产能下滑，台积电和三星调整业务导致产能减少，国内扩 产集中在 12 寸和 IGBT 领域，中低压 MOS 出现供给紧缺，海外大厂转 向碳化硅等领域也减少了传统 MOS 供给。 功率板块下游各领域库存已基本恢复正常水位，上游涨价预期可能加速 经销商拉货，国内功率公司全球市 ...

【中泰电子|捷捷微电】功率涨价弹性大，股价低位、建议关注！ 涨价品种MOS、晶闸管占比高—— 公司25年中开始部分MOS开始调涨价格，26年初部分晶闸管也已开始涨价，公司MOS、晶闸管占比高。 收入结构：MOS占比51%，晶闸管15%，防护器件33% IDM、8寸产能占比高—— 公司IDM模式，台积电等海外厂商退出8寸产能，8寸产能利用率饱满，公司8寸产能占比高，8寸晶圆 【中泰电子|捷捷微电】功率涨价弹性大，股价低位、建议关注！ 涨价品种MOS、晶闸管占比高—— 公司25年中开始部分MOS开始调涨价格，26年初部分晶闸管也已开始涨价，公司MOS、晶闸管占比高。 收入结构：MOS占比51%，晶闸管15%，防护器件33% IDM、8寸产能占比高—— 公司IDM模式，台积电等海外厂商退出8寸产能，8寸产能利用率饱满，公司8寸产能占比高，8寸晶圆也已涨价。 目前产能：8寸产能13万片/月；6寸线8万片/月 风险提示：涨价幅度不及预期等。 ...

Core Viewpoint - Yingfang Micro (000670.SZ) has resumed trading after a 14-day suspension, announcing a significant asset restructuring plan to acquire 100% stakes in Shanghai Xiaokeli and Fujide China, while abandoning the previous acquisition of Shiqing Intelligent. This move represents a strategic shift from internal restructuring to acquiring external quality assets to escape the "increased revenue without increased profit" dilemma [2][9]. Group 1: Acquisition Details - The acquisition focuses on two core targets, Shanghai Xiaokeli and Fujide China, which complement each other within the semiconductor distribution sector. The transaction design includes clauses that do not make the two acquisitions interdependent, significantly reducing overall restructuring risks [3]. - Shanghai Xiaokeli, established in 2005, is a component distributor with authorization from major semiconductor companies like Toshiba and ROHM. It has a stable revenue stream, projected to achieve revenues of 1.43 billion yuan and a net profit of 45.12 million yuan in 2024, with further growth expected in 2025 [4][6]. - Fujide China, with foreign investment background, specializes in high-value equipment distribution, serving as a core agent for Japanese and Korean semiconductor packaging and testing equipment. This acquisition opens a new high-margin distribution avenue for Yingfang Micro [4]. Group 2: Financial Implications - The share issuance price is set at 5.97 yuan per share, representing a 30% premium over the pre-suspension price of 7.73 yuan, which may create short-term valuation pressure. The payment method combines shares and cash, with plans to raise funds from up to 35 specific investors to alleviate cash flow pressures [7]. - The combined net profit of the two targets is expected to reach 82.45 million yuan in the first three quarters of 2025, significantly exceeding Yingfang Micro's loss of 43.34 million yuan during the same period, indicating an immediate positive impact on the company's financial performance [7]. Group 3: Strategic Context - The restructuring is a response to Yingfang Micro's ongoing struggles with profitability and failed internal restructuring attempts. The company has faced multiple setbacks in previous acquisition attempts, leading to a strategic pivot towards external acquisitions [9]. - The semiconductor industry is entering a recovery phase, with demand surging in automotive electronics, renewable energy, and AIoT sectors, providing growth opportunities for component and equipment distribution companies [9]. Group 4: Risks and Challenges - There are significant integration risks due to the differing business models of the two targets. Shanghai Xiaokeli focuses on technical service distribution, while Fujide China is centered on equipment distribution, which may complicate management and integration efforts [10]. - The financial stability of Shanghai Xiaokeli, despite current profitability, has historical volatility and high customer concentration risks. The dependency on a few major clients and suppliers raises concerns about future performance [10].

Core Viewpoint - The company, Yingfang Micro, announced a significant asset restructuring plan to acquire 100% of Shanghai Xiaokeli Information Technology Co., Ltd. and 100% of Fujide China Co., Ltd. through share issuance and cash payment, aiming to enhance its semiconductor distribution business and market share [1][2]. Group 1: Acquisition Details - The acquisition involves two target companies: Shanghai Xiaokeli and Fujide China, with the former being an authorized distributor for major semiconductor brands like Toshiba and Rohm, and the latter focusing on electronic manufacturing and semiconductor packaging testing equipment [2]. - The share issuance price is set at 5.97 yuan per share, which is not less than 80% of the average trading price over the last 20 trading days prior to the board resolution announcement [1]. Group 2: Financial Performance of Target Companies - Shanghai Xiaokeli is projected to achieve revenues of 1.43 billion yuan and a net profit of 45.12 million yuan in 2024, with revenues of 1.289 billion yuan and a net profit of 54.11 million yuan in the first three quarters of 2025 [2]. - Fujide China is expected to generate revenues of 996 million yuan and a net profit of 18.91 million yuan in 2024, with revenues of 828 million yuan and a net profit of 28.34 million yuan in the first three quarters of 2025 [2]. Group 3: Company Background and Challenges - Yingfang Micro's main business includes electronic component distribution and integrated circuit chip R&D, with a history of attempting internal mergers that have faced challenges [3]. - Despite revenue growth of 17.62% year-on-year to 3.443 billion yuan in the first three quarters of 2025, the company reported a net loss of 43.34 million yuan, indicating ongoing profitability issues [3].

1月19日盈方微公告，公司拟通过发行股份及支付现金的方式取得上海肖克利100%股份、富士德中国 100%股份。本次交易相关的审计、评估工作尚未完成，标的资产的估值及定价尚未最终确定，根据标 的公司未经审计的财务数据初步判断，本次交易预计将构成上市公司重大资产重组。公司股票将于2026 年1月20日开市时起复牌。 盈方微(000670)重大资产重组交易方案揭晓。 同时，盈方微拟向不超过35名符合条件的特定投资者，以询价的方式向特定对象发行股份募集配套资 金，拟用于支付标的资产的现金对价、支付本次交易相关税费及中介机构费用、标的公司项目建设、补 充流动资金及偿还债务。 值得注意的是，本次发行股份及支付现金购买资产的交易对方之一上海镜兰有限合伙人颜旸系盈方微第 一大股东浙江舜元实际控制人陈炎表之儿媳，从谨慎角度，认定上海镜兰为公司关联方，本次交易构成 关联交易。 据悉，本次交易标的上海肖克利系专业电子元器件分销商及基于半导体芯片应用的技术服务、解决方案 提供商，是东芝、罗姆、村田等多家全球知名半导体品牌授权分销商，产品覆盖主动元器件和被动元器 件，包括MOS、IGBT、光耦、SiC产品、电容电阻等，在家电、消费电子 ...

扬杰科技（300373.SZ）1月16日在投资者互动平台表示，您好，公司MOS、ESD、TVS等多系列产品可 应用于该领域。公司将持续关注低空经济相关技术的发展、创新，并积极探索在低空经济领域新技术、 新趋势的相关应用，以把握新兴市场机遇。谢谢。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：您好，公司产品可用于无人机等低空经济领域吗？是 哪些产品？ ...

Core Viewpoint - The company has successfully integrated some of its GaN products into flagship smartphones, indicating a growing presence in the consumer electronics market [1] Group 1: Product Applications - Some GaN products have been applied in flagship smartphones from various brands, showcasing the company's advancements in technology [1] - The company has made limited applications of ESD, MOS, and TVS products in humanoid robots, focusing on static protection for serial signals, motor drive, and power surge protection [1]

Core Viewpoint - The company has confirmed that some of its GaN products are currently used in flagship smartphones, but there has been no shipment of these products in the humanoid robot sector [1]. Group 1: Product Applications - The company has applied some GaN products in flagship smartphones [1]. - Some ESD, MOS, and TVS products have been minimally applied in the embodied robot field, primarily for serial signal electrostatic protection, motor drive, and power port surge protection [1].

Core Viewpoint - The performance of the "Lu Xiaoming" robot team at the closing ceremony of the 15th National Games showcased advanced robotics technology and highlighted the potential of Chinese intelligent manufacturing [1][6]. Group 1: Performance and Technology - The "Lu Xiaoming" robot team was the only humanoid robot dance group at the closing ceremony, combining athletic spirit with artistic expression [3]. - The "Lu Xiaoming" robot is designed with a height of 89 cm and a weight of 20 kg, featuring various styles to meet diverse user interaction needs [3]. - Equipped with 21 high-degree-of-freedom joints and a torque of 102 N·m, the robot can perform a range of movements, including walking, running, and even complex actions like handstands [3][5]. Group 2: Innovation and Development - The performance was supported by advanced "whole-body coordination motion control technology" and AI algorithms, allowing the robots to adapt and learn during rehearsals [5]. - The company has established strategic partnerships with industry leaders and Fortune 500 companies to accelerate the commercialization of embodied intelligence across various sectors [6]. - The CTO emphasized that the performance at the National Games is a high-level recognition of the company's technological capabilities and aligns with its goal of continuous innovation [6].

Group 1 - The company, YingTang ZhiKong, has announced that it currently represents a range of silicon carbide products, including MOSFETs, MOS, and diodes [1] - The company indirectly holds shares in a chip design firm, Shanghai XinShi, which has obtained intellectual property in the silicon carbide field and successfully developed related products [1]