证券代码：600460 证券简称：士兰微 公告编号：临 2026-002 杭州士兰微电子股份有限公司 公司于2025年2月14日召开的第八届董事会第三十一次会议审议通过了《关 于使用部分闲置募集资金临时补充流动资金的议案》：同意公司使用100,000万 元闲置募集资金临时补充流动资金，使用期限自本次董事会审议通过之日起不超 过12个月。具体内容详见公司于2025年2月15日在上海证券交易所网站 （www.sse.com.cn）披露的《关于使用部分闲置募集资金临时补充流动资金的公 告》（公告编号：临2025-005）。 关于归还临时补充流动资金的闲置募集资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 截至 2026 年 2 月 10 日，杭州士兰微电子股份有限公司（以下简称"公 司"）已累计归还临时补充流动资金的闲置募集资金为人民币 99,915.0994 万 元。 一、募集资金临时补充流动资金情况 | 发行名称 | 2023年向特定对象发行股票 | | --- | --- | | 募集资金到账时间 ...

2月8日，有"FPGA第一股"之称的上海安路信息科技股份有限公司（证券代码：688107，证券简称：安 路科技）发布公告，披露公司多名股东拟实施股份减持计划。公司近期陆续收到国家集成电路产业投资 基金股份有限公司（下称"国家大基金"）、上海安芯企业管理合伙企业（有限合伙）（下称"安芯合 伙"）等7名股东出具的减持计划告知函，各股东拟根据自身需求，通过合规方式减持公司部分股份。 安芯合伙及其一致行动人同步推出减持计划。其中，安芯合伙拟减持不超过365.27万股，占公司总股本 的比例不超过0.91%；其一致行动人上海安路芯半导体技术合伙企业（有限合伙）（下称"安路芯合 伙"）拟减持不超过14.81万股，占比不超过0.0369%；另一一致行动人上海芯添企业管理合伙企业（有 限合伙）（下称"芯添合伙"）拟减持不超过20.77万股，占比不超过0.05%。三者合计拟减持比例不超过 0.9969%，减持原因均为自身资金需求。据悉，安芯合伙、安路芯合伙、芯添合伙合计持有安路科技 8337.48万股股份，占公司总股本的20.80%，三者的执行事务合伙人均为上海导贤半导体有限公司，构 成一致行动关系。 此外，深圳思齐资本信息技术 ...

格隆汇2月8日丨安路科技(688107.SH)公布，公司于近日收到股东国家大基金、安芯合伙、安路芯合 伙、芯添合伙、深圳思齐、士兰微、士兰创投分别出具的关于股份减持计划的告知函，国家大基金拟减 持不超过801.7万股，占公司总股本的比例不超过2%。安芯合伙拟减持不超过365.27万股，占公司总股 本的比例不超过0.91%；安路芯合伙拟减持不超过14.81万股，拟占公司总股本的比例不超过0.0369%； 芯添合伙拟减持不超过20.77万股，占公司总股本的比例合计不超过0.05%。深圳思齐拟减持不超过 200.42万股，占公司总股本的比例合计不超过0.50%。士兰微拟减持不超过100.21万股，占公司总股本 的比例合计不超过0.25%；士兰创投拟减持不超过100.21万股，占公司总股本的比例合计不超过0.25%。 ...

Core Viewpoint - The current semiconductor cycle is experiencing a price surge, initially driven by memory chips and now spreading to non-memory sectors such as power chips and analog chips, indicating a shift from structural prosperity to a comprehensive recovery in the semiconductor industry [2][4]. Group 1: Price Surge Dynamics - The price increase in memory chips is a reflection of strong demand from high-end applications like AI servers, leading to a reconfiguration of the supply-demand structure across the industry [4][6]. - Several non-memory chip manufacturers have announced price hikes, citing rising raw material costs and tight supply as reasons for the adjustments [5][6]. - Companies like 中微半导 and 国科微 have implemented significant price increases, with some products seeing hikes of up to 80%, indicating a widespread trend rather than isolated incidents [5][6]. Group 2: Impact on Non-Memory Chip Companies - Non-memory chip design companies are under pressure to pass on cost increases and achieve profit elasticity, making their performance recovery and valuation enhancement critical for market attention [3][7]. - The price surge is expected to lead to improved financial performance for power semiconductor companies, with士兰微 projecting a net profit increase of 50% to 80% for 2025 [7]. - 中微半导 anticipates a revenue growth of 23.07% and a net profit increase of 107.55% in 2025, driven by rising demand and price adjustments [8]. Group 3: Market Outlook and Investment Opportunities - The current price increase cycle is seen as a reversal of the supply-demand dynamics, with companies that have strong market shares and pricing power likely to benefit the most [8]. - Companies with products at the price bottom and greater elasticity, such as certain automotive-grade MCUs, are expected to be significant beneficiaries during this price surge [8]. - Firms closely tied to high-growth sectors like AI and renewable energy are also highlighted as key players to watch in this evolving market landscape [8].

Core Viewpoint - The current semiconductor cycle is experiencing a price surge that is expanding from memory chips to non-memory sectors such as power chips and analog chips, driven by the explosive demand for AI computing power [1][2]. Group 1: Price Surge Dynamics - The price increase in memory chips is leading to a chain reaction across the semiconductor industry, affecting various segments including LED drivers, analog chips, power devices, and MCUs [2][4]. - Multiple A-share semiconductor companies have issued price increase notices, indicating a widespread trend of price hikes across the industry [1][2]. - The price adjustments range significantly, with some companies like Zhongwei Semiconductor increasing prices by 15% to 50% for certain products, while others have reported increases as high as 80% [3][4]. Group 2: Causes of Price Increases - The primary reasons for the price surge include a significant rise in costs across the entire supply chain, driven by increasing prices of raw materials and higher manufacturing costs due to price hikes from wafer foundries and packaging/testing services [4]. - The allocation of upstream capacity is increasingly focused on higher-margin products like memory chips, leading to a squeeze on traditional products such as analog chips and power semiconductors [4]. Group 3: Market Impact and Performance Outlook - The price surge is expected to lead to a recovery in performance for non-memory chip companies, with several firms already forecasting significant profit increases for 2025 [5][6]. - For instance, Silan Microelectronics anticipates a net profit increase of 50% to 80% for 2025, while Zhongwei Semiconductor expects a revenue growth of 23.07% and a net profit increase of 107.55% [6][7]. - Analysts suggest that the return of pricing power due to supply-demand dynamics will benefit companies with strong market positions and pricing capabilities, particularly in segments tied to AI and new energy [6][7].

机械 2026 年 02 月 01 日 行业周报 看好/维持 机械 2025 年工程机械内外需全面回升，继续看好行业需求向上（20260126-20260201） ◼ 走势比较 (10%) 4% 18% 32% 46% 60% 25/2/5 25/4/17 25/6/27 25/9/6 25/11/16 26/1/26 机械 沪深300 ◼ 子行业评级 ◼ 推荐公司及评级 相关研究报告 证券分析师：崔文娟 电话：021-58502206 E-MAIL：cuiwj@tpyzq.com 分析师登记编号：S1190520020001 证券分析师：张凤琳 电话： E-MAIL：zhangfl@tpyzq.com 分析师登记编号：S1190523100001 报告摘要 行情回顾 本期（1 月 26 日-1 月 30 日），沪深 300 上涨 0.1%，机械板块下跌 4.2%， 在所有一级行业中排名 25。细分行业看，油气装备涨幅最大，上涨 4.1%； 锂电设备跌幅最大，下跌 8.4%。 本周观点 2025 年工程机械内外需全面回升，继续看好行业需求向上。 根据工程机械工业协会数据，12 月工程机械各品类内外销表现亮眼， ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本期业绩预告适用情形：实现盈利，且净利润与上年同期相比上升50%以上 ● 杭州士兰微电子股份有限公司（以下简称"公司"）预计2025年度实现归属于母公司所有者的净利润为 32,980.17万元到39,576.20万元；预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润 为28,602.64万元到35,198.67万元。 一、 本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1、经公司财务部门初步测算，预计2025年度实现归属于母公司所有者的净利润为32,980.17万元到 39,576.20万元，与上年同期相比，将增加10,993.39万元到17,589.42万元，同比增加50%到80%。 2、预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润为28,602.64万元到35,198.67 万元，与上年同期相比，将增加3,432.61万元到10,028.64万元，同比增加13 ...

(本文来自第一财经) 海峡创新：2025年净利同比预增1660.56%—2540.85% 电投水电：2025年净利同比预增约1337% 宏和科技：2025年净利同比预增745%-889% 商络电子：2025年净利同比预增302.55%—344.92% 方大特钢：2025年净利同比预增236.90%—302.67% 长川科技：2025年净利同比预增172.67%—205.39% 协创数据：2025年净利同比预增52%-81% 工业富联：2025年净利润同比预增51%-54% 瑞丰光电：2025年净利同比预增80%—160% 晓程科技：2025年净利同比预增93.32%—179.24% 明阳智能：2025年净利润同比预增131.14%-188.92% 科大讯飞：2025年净利同比预增40%-70% 吉比特：2025年净利同比预增79%—97% 章源钨业：2025年净利同比预增51%—86% 湖南白银：2025年净利同比预增67.88%—126.78% 西藏珠峰：2025年净利同比预增92.28%—135.01% 士兰微：2025年净利同比预增50%—80% 天海防务：2025年净利同比预增51.57%—116.5 ...

Core Viewpoint - The company, Silan Microelectronics, expects a significant increase in net profit for the fiscal year 2025, projecting a rise of 50% to 80% compared to the previous year [1] Financial Projections - The projected net profit attributable to the parent company's shareholders for 2025 is estimated to be between 329.80 million yuan and 395.76 million yuan [1] - This represents an increase of 109.93 million yuan to 175.89 million yuan compared to the same period last year [1]

Core Viewpoint - The company Silan Microelectronics (600460.SH) forecasts a net profit attributable to shareholders of 330 million to 396 million yuan for 2025, representing a year-on-year increase of 50% to 80% [1] - The company also expects a net profit of 286 million to 352 million yuan after deducting non-recurring gains and losses, reflecting a year-on-year increase of 13.64% to 39.84% [1] Group 1: Business Strategy and Performance - The company is implementing an "integration" strategy, focusing on high R&D investment and competitive product launches while expanding into high-barrier markets such as large home appliances, automotive, new energy, industrial, communications, and computing [1] - The overall revenue of the company has maintained a rapid growth momentum, supported by increased production and cost-reduction measures to effectively respond to intense market competition [1] - The comprehensive gross profit margin of the company's products has remained stable compared to 2024 [1] Group 2: Subsidiary Performance - Subsidiaries Silan Integrated, Silan Jixin, and important equity investee Silan Jike have achieved full-load production on their respective 5/6-inch, 8-inch, and 12-inch chip production lines, with profitability levels improving compared to 2024 [1] - Subsidiaries Chengdu Silan and Chengdu Jiajia have maintained stable production levels for power modules and power device packaging, with profitability remaining relatively stable compared to 2024 [1] Group 3: Challenges and Improvements - The operating losses of subsidiary Silan Minggan have increased compared to 2024, primarily due to the 6-inch SiC power device chip production line being in the ramp-up phase, leading to high fixed asset depreciation and high raw material costs amid declining market prices [2] - The company has developed various specifications of SiC power device chips to meet diverse demands in automotive, new energy, industrial, and home appliance sectors, with production output expected to gradually increase in the second half of 2025 and full production anticipated in 2026 [2] - The capacity utilization rate of Silan Minggan's LED chip production line has significantly improved compared to 2024, with substantial increases in production and sales, leading to a reduction in operating losses for the full year of 2025 compared to 2024 [2]