证券日报网讯商络电子11月24日在互动平台回答投资者提问时表示，公司代理销售长鑫、铠侠、兆易、 群联、得一微等头部品牌的存储产品，产品包括NOR/NANDFlash、DRAM、eMMC、SSD等系列。 （文章来源：证券日报） ...

Group 1 - The semiconductor materials and equipment index rose by 3.86%, with key stocks like Jingyi Equipment up by 9.38% and Northern Huachuang up by 7.69% [1] - The semiconductor sector is experiencing a surge due to rising memory chip prices, driven by strong demand for AI servers, leading to structural shortages in products like DDR4 [1] - SMIC reported a significant increase in orders for various semiconductor products, indicating a supply gap in the industry that is expected to maintain high price levels [1] Group 2 - China Galaxy Securities highlighted that AI computing chips remain the core growth engine for the sector, with leading companies benefiting from the explosive demand for AI servers, resulting in increased revenue and profits [1] - The performance of core companies related to AI edge chips has also been impressive, suggesting a positive outlook for the sector [1] - The semiconductor materials ETF and its associated funds focus heavily on upstream semiconductor equipment (61%) and materials (21%), indicating a strategic emphasis on these areas [1]

Market Performance - On November 18, semiconductor equipment stocks collectively surged, with Jingyi Equipment rising by 10%, and industry leaders like Northern Huachuang, Tuojing Technology, and Zhongwei Company increasing by approximately 7% [1] - Storage companies such as Dazhiwei and Dongxin shares experienced significant gains [1] Industry Developments - SMIC reported a high capacity utilization rate of 95.8% in Q3, indicating strong demand and a supply-demand imbalance in the market [3] - The company has taken on a large number of urgent orders for storage products, including NOR/NAND Flash and MCUs, leading to a temporary reduction in mobile business share [3] - Media reports indicate that Yangtze Memory Technologies is constructing a third factory in Wuhan, expected to be operational by 2027, while also increasing capacity at its second factory [3] Institutional Insights - Domestic advanced logic production line expansions are expected to accelerate by 2026, with SMIC indicating future capacity expansion [4] - SEMI forecasts that global spending on 300mm wafer fab equipment will reach $374 billion from 2026 to 2028, with China leading in this investment [4] - Domestic semiconductor equipment companies reported positive growth in Q3, with Northern Huachuang and Zhongwei Company showing significant profit increases [4]

芯片股逆市走强，截至发稿，华虹半导体(01347)涨7.74%，报83.55港元；中芯国际(00981)涨3.7%，报 75.65港元；上海复旦(01385)涨2.54%，报41.96港元；晶门半导体(02878)涨1.09%，报0.465港元。 消息面上，中芯国际在投资者关系活动记录表中称，公司的产线实际上非常满，三季度产能利用率都到 95.8%了，这说明订单很多，产线是供不应求的状态。中芯国际表示，四季度指引没有大的跃升的原因 之一是手机市场现在存储器特别紧缺，价格也涨得非常厉害。最后在急单方面，中芯国际承接了大量模 拟、存储包括 NOR/NAND Flash、MCU 等急单，为保障交付，主动将部分非紧急手机订单延后，这也 使得手机业务占比短期有所下降。整体来看，存储的影响是双向的。对当前是提拉订单，对来年是看不 清。 银河证券近期指出，在外部环境背景下，供应链安全与自主可控是长期趋势。长期来看，中芯国际的业 绩验证了国产替代逻辑的强度和持续性，为设备板块提供了内在支撑。东莞证券此前表示，展望 2025Q4和2026年，人工智能需求仍然保持旺盛，持续拉动算力、存力、先进封装需求，而半导体设 备、材料、汽车 ...

智通财经APP获悉，芯片股逆市走强，截至发稿，华虹半导体(01347)涨7.74%，报83.55港元；中芯国际 (00981)涨3.7%，报75.65港元；上海复旦(01385)涨2.54%，报41.96港元；晶门半导体(02878)涨1.09%， 报0.465港元。 银河证券近期指出，在外部环境背景下，供应链安全与自主可控是长期趋势。长期来看，中芯国际的业 绩验证了国产替代逻辑的强度和持续性，为设备板块提供了内在支撑。东莞证券此前表示，展望 2025Q4和2026年，人工智能需求仍然保持旺盛，持续拉动算力、存力、先进封装需求，而半导体设 备、材料、汽车芯片等领域的国产替代仍将持续，继续看好存储与自主可控链条投资机遇。 消息面上，中芯国际在投资者关系活动记录表中称，公司的产线实际上非常满，三季度产能利用率都到 95.8%了，这说明订单很多，产线是供不应求的状态。中芯国际表示，四季度指引没有大的跃升的原因 之一是手机市场现在存储器特别紧缺，价格也涨得非常厉害。最后在急单方面，中芯国际承接了大量模 拟、存储包括 NOR/NAND Flash、MCU 等急单，为保障交付，主动将部分非紧急手机订单延后，这也 使得手机 ...

2025年11月17日，截至收盘，沪指跌0.46%，报收3972.03点；深成指跌0.11%，报收13202.00点；创业 板指跌0.20%，报收3105.20点。科创半导体ETF（588170）跌1.40%，半导体材料ETF（562590）跌 1.05%。 隔夜外盘：截至收盘，道琼斯工业平均指数跌1.18%；纳斯达克综合指数跌0.84%；标准普尔500种股票 指数跌0.92%。费城半导体指数跌1.55%，恩智浦半导体跌3.34%，美光科技跌1.98%，ARM涨0.35%， 应用材料涨1.19%，微芯科技跌3.33%。 行业资讯： 1. 消息面上，中芯国际在投资者关系活动记录表中称，公司的产线实际上非常满，三季度产能利用率都 到95.8%了，这说明订单很多，产线是供不应求的状态。在急单方面，中芯国际承接了大量模拟、存储 包括 NOR/NAND Flash、MCU 等急单。目前行业供应存在缺口，预计高价位态势将持续。 2. 当地时间11月17日，标普500指数跌0.92%，纳斯达克综合指数跌0.84%。大型科技股多数下跌，戴尔 科技跌超8%，超微电脑跌超6%，超威半导体、英特尔跌超2%，美光科技、安森美半导体、 ...

平安证券认为，在AIGC和下游消费类需求向好的加持下，半导体行业将继续向好发展，同时我国半导 体产业国产化进程有望进一步提速。当前，国内半导体行业正掀起并购热潮，产业链多领域企业纷纷布 局收并购计划，推动行业加速迈向新阶段。 1. 消息面上，中芯国际在投资者关系活动记录表中称，公司的产线实际上非常满，三季度产能利用率都 到95.8%了，这说明订单很多，产线是供不应求的状态。在急单方面，中芯国际承接了大量模拟、存储 包括 NOR/NAND Flash、MCU 等急单。目前行业供应存在缺口，预计高价位态势将持续。 2. 当地时间11月17日，标普500指数跌0.92%，纳斯达克综合指数跌0.84%。大型科技股多数下跌，戴尔 科技跌超8%，超微电脑跌超6%，超威半导体、英特尔跌超2%，美光科技、安森美半导体、英伟达、苹 果、META跌超1%。AI风向标英伟达将于本周三盘后公布财报，英伟达和其他AI概念股近期成为市场 压力来源。 3. 摩根士丹利美国科技硬件股票研究主管在最新报告中表示，随着存储芯片价格大涨，以及2026年度继 续涨价的预期，大量OEM（原始设备制造商）和ODM（原始设计制造商）利润将持续承压。基于硬 ...

Group 1: Alibaba's Qwen Project - Alibaba officially announced the "Qwen" project, aiming to compete directly with ChatGPT in the AI to C market [1] - The Qwen app's public beta version has been launched, utilizing the Qwen3 model, which is claimed to outperform competitors like GPT-5 and Claude Opus 4 [1] - The Qwen series models have achieved over 600 million downloads globally, indicating strong market traction [1] Group 2: US Stock Market Overview - Major US stock indices experienced declines, with the Dow Jones down by 557.24 points (1.18%) and the S&P 500 down by 61.7 points (0.92%) [2] - Lithium mining stocks saw a collective increase, with Chilean mining companies rising over 9% [2] - Chinese concept stocks mostly fell, with Xpeng Motors down over 10% [2] Group 3: Hong Kong Regulatory Update - The Hong Kong Securities and Futures Commission urged licensed institutions to be vigilant against potential layering trading activities that could indicate money laundering [3] - There is a noted increase in suspicious fund transfers linked to layering trading activities [3] Group 4: China National Nuclear Corporation Agreement - China National Nuclear Corporation signed an intention procurement agreement for cobalt-60 irradiation sources with Brazil's National Nuclear Energy Commission, marking its first export to the Latin American market [4] Group 5: Ningde Times Share Transfer - Ningde Times announced a share transfer price of 376.12 yuan per share, reflecting a 3.8% discount from the previous closing price [5] Group 6: Geely Automobile Merger Update - Geely Automobile's CEO stated that the merger with Zeekr is expected to be completed by the end of this year, with no legal obstacles remaining [6][7] Group 7: China Software International Strategic Partnership - China Software International has formed a strategic partnership with Shenzhen Kaihong and Beijing Yiswei to build a dual open-source digital infrastructure ecosystem centered on "Open Harmony + RISC-V" [8] Group 8: Huazhu Group Financial Performance - Huazhu Group reported a third-quarter net profit of 1.5 billion yuan, a year-on-year increase of 15.4%, with total revenue reaching 7 billion yuan, up 8.1% [9] Group 9: Leap Motor Financial Results - Leap Motor achieved a revenue of 19.45 billion yuan in the third quarter, a 97.3% year-on-year increase, with a net profit of 150 million yuan [10] Group 10: Jianbei Miao Miao Mid-Year Results - Jianbei Miao Miao reported a mid-year profit of approximately 115 million HKD, a 20% increase year-on-year, with revenues of about 430 million HKD [11] Group 11: Trip.com Group Third Quarter Results - Trip.com Group reported a third-quarter net profit of 19.89 billion yuan, a significant increase of 194.01% year-on-year, with total revenue of 18.367 billion yuan [12] Group 12: Xpeng Motors Third Quarter Performance - Xpeng Motors reported a total delivery of 116,007 vehicles in the third quarter, a 149.3% year-on-year increase, with a revenue of 20.38 billion yuan [13] Group 13: Semiconductor Industry Insights - Semiconductor company SMIC reported a high capacity utilization rate of 95.8%, indicating strong demand for its products, particularly in the storage sector [15] - The industry is experiencing a supply shortage, particularly in NOR Flash, NAND Flash, and MCU products, which is expected to maintain high price levels [16]