从基金十大重仓股角度 数据显示，淳厚基金旗下1只基金重仓精智达。淳厚信泽A（007811）四季度持有股数3.65万股，占基金 净值比例为3.73%，位居第七大重仓股。根据测算，今日浮盈赚取约53.59万元。 2月13日，精智达涨5.32%，截至发稿，报290.69元/股，成交6.14亿元，换手率2.98%，总市值273.28亿 元。 淳厚信泽A（007811）成立日期2019年8月21日，最新规模1.77亿。今年以来收益13.03%，同类排名 1040/8890；近一年收益27.45%，同类排名3993/8132；成立以来收益143.87%。 资料显示，深圳精智达技术股份有限公司位于广东省深圳市龙华区龙华街道清湖社区清湖村富安娜公司 1号101工业园D栋1楼东，成立日期2011年5月31日，上市日期2023年7月18日，公司主营业务涉及新型 显示器件检测设备的研发、生产和销售业务。主营业务收入构成为：光学检测及校正修复系统 52.16%，半导体存储器件测试31.06%，老化系统10.51%，信号发生器4.17%，触控检测系统1.36%，检 测系统配件0.64%，其他(补充)0.11%。 淳厚信泽A（00781 ...

【中信电子】2026年1月存储行业简报——主流、利基存储涨幅全面超预期 1月价格回顾（Bloomberg，CFM闪存市场，TrendForce） 1）DRAM：1月主流颗粒现货价环比涨幅16%~33%；合约价进入26年加速追赶，1月DDR5-8Gb/DDR4-8Gb合约价 环比涨幅达119%/63%。 2）NANDFlash：1月主流颗粒现货价环比涨幅24%~34%，合约价环比涨幅37%~6 【中信电子】2026年1月存储行业简报——主流、利基存储涨幅全面超预期 1月价格回顾（Bloomberg，CFM闪存市场，TrendForce） 1）DRAM：1月主流颗粒现货价环比涨幅16%~33%；合约价进入26年加速追赶，1月DDR5-8Gb/DDR4-8Gb合约价 环比涨幅达119%/63%。 2）NANDFlash：1月主流颗粒现货价环比涨幅24%~34%，合约价环比涨幅37%~67%。 –SK海力士：公司预计2026年DRAM需求位元量同比增速20%以上，NAND需求位元量同比增速15%~20%，核心受 AI 服务器、数据中心需求驱动； –三星电子：AI服务器需求保持强劲，手机和PC出货受存储供给和价格影响走 ...

【广发机械】半导体设备：去日化主线推荐 #长川科技。 深度绑定H，存储测试机将迎来放量元年，布局CP、FT等测试，今年相关收入有望达到15e+；同时GPU测试机在H 系的算力芯片测试机占据相当份额，同时为平头哥（阿里）独供，竞争力强劲，订单排产饱满，近年增长确定性 很高，公司享受"存储+商业航天+国产算力"三重贝塔，且均为产业链核心； #积极关注去日化主线。 近日日本大选结果出炉，未来中日关系走向有一定不确定性，积极关注半导体设备的去日化主线；#首推测试机 （长川、华峰、精智达），目前国内测试机国产化率不到30%，存储、SOC测试机国产化率近乎为0，日本爱德万 市占率约60%，替代空间巨大，此外关注探针台（矽电股份）、探针卡（强一股份，替代日系MJC）、分选机 （金海通）、空白掩膜板（聚和材料，替代ho 【广发机械】半导体设备：去日化主线推荐 #积极关注去日化主线。 近日日本大选结果出炉，未来中日关系走向有一定不确定性，积极关注半导体设备的去日化主线；#首推测试机 （长川、华峰、精智达），目前国内测试机国产化率不到30%，存储、SOC测试机国产化率近乎为0，日本爱德万 市占率约60%，替代空间巨大，此外关注探 ...

Core Insights - Insurance capital management is increasingly focused on deep research of individual stocks and industries, with significant interest in A-share listed companies as indicated by over 300 companies being researched since the beginning of 2026 [1][2] Group 1: Research Trends - A total of 96 insurance companies and 32 insurance asset management companies have participated in the research of A-share listed companies since the beginning of 2026 [2] - Key players such as Taiping Pension, Changjiang Pension, and China Life Pension have conducted over 30 research sessions each within a month [2] - Regional banks and sectors like electronic components, semiconductor materials, and devices are receiving heightened attention from insurance capital [2] Group 2: Investment Strategies - Insurance capital views company research as a crucial part of investment strategy, often focusing on high-quality stocks with long-term growth potential [3] - The demand for high dividend stocks is driven by the need for stable cash flow in a low-interest-rate environment, with banks being a primary focus for insurance capital [4] - Insurance capital is increasingly adopting a dividend strategy, favoring high dividend stocks to stabilize returns amid pressure on fixed-income yields [4] Group 3: Focus on New Productive Forces - Insurance capital is aligning with long-term investments in new productive forces, particularly in technology innovation and emerging strategic industries [5] - There is a focus on investing in sectors with real technological barriers and clear business models that can deliver performance [5] Group 4: Investment Paths - For mature technology leaders, insurance capital is likely to invest directly for excess returns, while for emerging tech sectors, indirect investments through ETFs or industry funds are preferred to manage risks [6] - The insurance capital sector is particularly interested in AI-driven technology and high-end manufacturing, with a strategy to invest in companies with clear business models and strong competitive advantages [6]

Group 1 - The core viewpoint of the articles highlights the increasing interest of insurance capital in specific sectors and companies, particularly in regional banks and new productivity sectors, as indicated by their extensive research activities [1][2][3] - Since the beginning of 2026, over 300 A-share listed companies have been researched by insurance companies and asset management firms, with significant participation from 96 insurance companies and 32 asset management companies [2] - Key areas of focus for insurance capital include regional banks such as Shanghai Bank and Nanjing Bank, as well as sectors like electronic components, semiconductor materials, and devices [2][3] Group 2 - Insurance capital is increasingly favoring high-dividend stocks as a stable source of cash flow, particularly in a low-interest-rate environment, which drives the demand for equity assets [4] - The strategy of investing in high-dividend stocks is seen as a way to enhance returns and stabilize portfolios, with a focus on long-term holdings and dividend yields [4][5] - The shift towards high-dividend stocks is also a response to new accounting standards that increase profit statement volatility, making these investments more attractive [4] Group 3 - Insurance capital is aligning with the new productivity sector, which relies on technological innovation and strategic emerging industries, requiring long-term and stable capital support [5][6] - Investments are being directed towards technology leaders with clear business models and performance track records, while emerging tech sectors may be approached through industry-themed ETFs or funds to mitigate risks [6] - The focus on AI-driven technology and high-end manufacturing is expected to be central to future technological revolutions, with a commitment to direct investments in companies with strong competitive advantages [6]

【DW电子】精智达空间测算：CC和H的进展超预期，存储大周期的最大弹性设备股，空间上修到609亿 由于目前nand的可预见供需缺口之大，以及两存上市融资，拟对未来两存扩产量级进行上修，假设未来两存每年 各扩产6万片，存储测试机市场从60亿增加到80亿（6万片NAND，6万片DRAM，0.5万片HBM8层），公司预期两 存存储测试机收入40亿，净利率25%，利润10亿。 H存储测试机市场18亿 探针卡，一供美国企业9月份出现全球断供，精智达将从二供变成一供，两存每年15亿市场，70%份额，10亿收 入，10%净利率，1亿利润增量。 主业面板检测，每年稳定6-7亿收入，1.5亿利润。 GPU+SOC测试机，每年国内80亿市场，给公司30%份额，24亿收入，25%净利率，6亿利润。 合计总收入89.5亿，总利润20.3亿，30倍PE，609亿市值。 其中存储业务59亿收入，12.8亿利润，384亿市值；GPU+SOC测试机24亿收入，6亿利润，180亿市值；主业1.5亿 利润，45亿市值。 【DW电子】精智达空间测算：CC和H的进展超预期，存储大周期的最大弹性设备股，空间上修到609亿 由于目前nand的可预见供需 ...

Investment Rating - The industry investment rating is maintained as "Positive" [4] Core Insights - The demand for AI computing power is driving a persistent shortage in storage [2][8] - Major storage companies are experiencing strong performance, with AI demand expected to continue creating incremental opportunities [6] - The supply of niche storage is under pressure from mainstream storage, leading to a sustained tight supply situation [7] Summary by Sections Investment Recommendations and Targets - Key investment targets include domestic storage chip design companies such as Zhaoyi Innovation, Puran, Jucheng, Dongxin, Beijing Junzheng, and Hengsuo [2][8] - Domestic storage module manufacturers like Jiangbolong, Demingli, and Baiwei Storage are also highlighted [2] - Companies benefiting from storage technology iterations include Lanke Technology, Lianyun Technology, and Aojie Technology [2] - Semiconductor equipment firms such as Zhongwei Company, Jingzhida, and Beifang Huachuang are recommended [2] - Domestic packaging and testing companies like Shentek, Huicheng, and Tongfu Microelectronics are included in the investment targets [2] Market Dynamics - TrendForce has revised upward the price growth rates for DRAM and NAND Flash products for the first quarter, with DRAM contract prices expected to rise by 90-95% and NAND Flash by 55-60% [7] - AI computing demand is becoming the dominant factor in storage demand, with significant price increases anticipated for Server DRAM and Enterprise SSDs [7] - The AI inference process is expected to significantly alter data center storage structures, leading to increased demand for active data storage [7] Niche Storage Supply - Niche storage products like NOR Flash and MLC/SLC NAND Flash are expected to remain in tight supply due to reduced production from major suppliers focusing on mainstream products [7] - The global capacity for MLC NAND Flash is projected to decrease by 41.7% in 2026 due to supply constraints [7]

证券代码：688627 证券简称：精智达 公告编号：2026-004 深圳精智达技术股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/3/12 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 3,000万元~5,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 56.9149万股 | | 累计已回购股数占总股本比例 | 0.61% | | 累计已回购金额 | 4,016.70万元 | | 实际回购价格区间 | 60.53元/股~75.19元/股 | 深圳精智达技术股份有限公司（以下简称"公司"）于 2025 年 3 月 10 日召 开第三届董事会第二十六次会议，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，同意公 ...

格隆汇2月2日丨精智达(688627.SH)公布，自2025年3月10日第三届董事会第二十六次会议审议通过《关 于以集中竞价交易方式回购公司股份方案的议案》之日起至2026年1月31日，公司通过上海证券交易所 交易系统以集中竞价交易方式已累计回购股份56.91万股，占公司总股本比例为0.61%，回购成交的最高 价为75.19元/股，最低价为60.53元/股，支付的资金总额为人民币4016.70万元(不含印花税、交易佣金等 交易费用)。 ...

Group 1 - The core point of the article highlights that Jingzhida (精智达) received the highest number of institutional research visits among listed companies, with 170 institutions conducting research during the last working week of January [1][2] - Jingzhida signed a significant sales contract worth 1.311 billion yuan (including tax) for semiconductor testing equipment, which has garnered considerable market attention [1][3] - The order is seen as a strong validation of the company's long-term investments and its solid market position, especially amid tight delivery schedules from international suppliers [3] Group 2 - In January, over 600 listed companies disclosed records of institutional investor research, with Dajin Heavy Industry (大金重工) receiving the most visits at 209 institutions [3][4] - The electronic and mechanical equipment sectors have shown high levels of interest from institutional investors, with these industries leading in the number of research visits [5] - The overall trend indicates a sustained enthusiasm for institutional research in the machinery and computer sectors, with a notable focus on electronic and mechanical equipment industries [5]