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新一轮涨价潮或开启 功率半导体龙头率先涨停 融资客大举买入的概念股曝光_我的网站

一 |     　　在业内看来，功率半导体行业正迎来“量价双升、供需缺口持续扩大”的黄金窗口期。
　　8月21日，A股功率半导体板块多只个股走势强劲。    

    A BYD flagship store at the Ulmen car dealership on H?herweg Auto Mile in Düsseldorf, Germany, with new cars on display out front. Photo: VCG
Germany's industrial woes have increasingly become a hot topic of discussion. The latest Engineer Monitor report from professional association Verein Deutscher Ingenieure and the German Economic Institute offers a new look at the issue.
The report showed that there were 58,392 unemployed individuals in the engineering and information technology (IT) professions in the fourth quarter of 2025, the highest level since the survey began in 2011. 
Compared with the previous year, the number of unemployed increased by 16.7 percent, according to German media reports on Sunday.
These figures lay bare the challenges confronting the country's manufacturing sector. The reasons for the industrial woes are multiple. The soaring energy costs caused by geopolitical conflicts, the decline in exports caused by rising protectionism and low external demand, and the structural pain caused by industrial chain restructuring are all squeezing the space of German manufacturing.
Manufacturing is the backbone of Germany's economy, and engineers and IT specialists constitute the core force that sustains this pillar. For decades, the country's reputation for "Made in Germany" excellence was built on the expertise of these skilled professionals. Regardless of the macroeconomic ups and downs, preserving the stability and continuity of its industrial talent pool represents a strategic bottom line for Germany. 
Should large numbers of highly skilled technical professionals leave the industry or sit idle, industrial research and development (R&D) and production cycles will be disrupted. Over the longer term, such a waste of human capital will erode Germany's industrial innovation capacity and, ultimately, undermine the foundations of its global competitiveness.
In this context, the urgent task for Germany is to create sufficient quality positions for its technical talent. Should it fail to do so in the short term, then Germany needs to embrace a more open‑minded development approach. Shoring up its manufacturing base cannot be achieved solely through protecting domestic companies; it also requires a significant expansion of effective investment to create enough high‑quality jobs that can attract and retain skilled talent.
This is exactly where China‑Germany cooperation could deliver tangible results. According to the FDI Report 2025 published by Germany Trade & Invest (GTAI), the total number of foreign investment projects in Germany fell 9.3 percent overall to 1,564 in 2025. Nonetheless, Chinese companies became the largest source of foreign investment projects in Germany in 2025, overtaking the US for the first time since 2017. 
Chinese companies launched 228 investment projects in Germany in 2025, up 14.6 percent year-on-year. More than one in five Chinese investment projects involved production and R&D activities, above the overall average for foreign investment projects in Germany. This is a sign that Chinese firms are deepening their integration into the local industrial base, according to GTAI.
Observers noted the trend, pointing out that China is becoming an important force in driving German re‑industrialization. In industries where Germany urgently needs to rebuild its competitive edge, such as electric vehicles, batteries, energy technology, digital manufacturing, and automation, China is emerging as an increasingly significant complementary partner. In these critical areas that will determine industrial competitiveness in the coming decades, the relationship between China and Germany is not merely one of rivalry; there are clear and substantial complementarities. Germany still boasts world‑leading engineering expertise, precision manufacturing capabilities, and a strategic location at the heart of the European market. 
China has complete and highly integrated supply chains for raw materials and intermediate goods and large capacity for increasing production. When Chinese automakers set up R&D centers in Germany, or when Chinese tech firms collaborate with German factories to build smart production lines, the beneficiaries are not only the Chinese companies but also the German engineers who would otherwise face redundancy.
Cross‑border investment cannot flourish without a sound policy environment. Chinese companies are apparently willing to develop in Germany, but it can only happen on the premise that the German side provides a fair, reasonable and predictable business environment, reduces non-market interference in commercial activities, and allows capital to operate in accordance with market rules.
If the two countries are able to reach a deeper level of cooperation in investment, many of Germany's trade‑related concerns may well find more pragmatic solutions. The deep integration of industrial value chains would facilitate two‑way trade, creating renewed momentum for German exports of machinery, vehicles, chemicals, and other competitive products to China.
。截至收盘，功率半导体龙头士兰微（600460）强势涨停，扬杰科技涨7.01%，华润微、宏微科技涨幅均超过4.5%。　　需求及成本双重影响　　功率半导体公司再次酝酿价格调整　　整体来看，截至8月21日收盘，A股功率半导体概念股平均涨幅接近2%，大幅跑赢上证指数，板块内仅少数个股收跌。功率半导体板块的爆发或与相关公司涨价有关。

二 | 　　消息面上，受人工智能（AI）服务器、新能源汽车、光储等领域需求爆发，叠加晶圆、封装产能紧张、原材料价格大幅上涨等成本因素影响，多家功率半导体厂商正酝酿新一轮价格调整，涨价幅度预计在10%—15%。　　此前，国内多家功率半导体企业已向客户下发价格调整通知。立昂微向客户发布产品价格调整通知函，自2026年6月15日起，公司功率芯片业务全系产品上调10%—15%。

三 | 　　士兰微也发布《价格调整通知函》，宣布自2026年7月1日起对公司产品价格上调15%以上。　　另外，扬杰科技表示，受行业大环境影响，近年来上游芯片晶圆、大宗金属、封装原材料全线持续涨价。

四 | 步入下半年，原材料再度迎来大幅涨价周期，成本增幅超出预期。为保障产品品质稳定、确保供应链可持续交付，经审慎研究评估，公司决定对全系列产品价格进行调整，调整幅度为10%至15%，新价格自2026年7月1日起出货正式执行。

五 | 　　中国功率半导体市场规模有望稳健增长　　功率半导体，又称电力电子器件或功率电子器件，是电子产业链中最核心的器件之一，能够实现电能转换和电路控制，在电路中主要起着功率转换、功率放大、功率开关、线路保护等作用，相当于电力电子系统中的“电子开关”与“能量阀门”。　　在业内看来，功率半导体行业正迎来“量价双升、供需缺口持续扩大”的黄金窗口期。受益于需求的持续增长，全球功率半导体市场展现出强劲增长动能。中商产业研究院发布的《2025—2030年中国功率半导体产业市场研究及发展前景投资预测分析报告》（下称《报告》）显示，全球功率半导体市场规模从2021年的4753亿元增至2025年的约6101亿元，预计到2026年全球功率半导体市场规模将达到约6250亿元。

六 | 　　作为全球最大的功率半导体消费市场，受益于国产替代加速，新能源产业链的完整布局、制造业转型升级的持续推进以及AI数据中心迅速发展等因素，中国功率半导体市场规模保持稳健增长。国际半导体产业咨询机构Yole Group发布的《2026年功率电子产业现状》显示，国产替代进程持续提速。全球功率半导体收入榜单中，五家中国制造商跻身榜单前二十，包括华润微电子、士兰微电子、比亚迪半导体和中国中车等。　　上述《报告》还显示，2025年中国功率半导体市场规模约1871亿元，预计2026年将达到约2080亿元，据此测算，2026年中国功率半导体在全球市场份额将超过33%。

七 | 　　A股功率半导体板块迎来业绩上升期　　开源证券表示，经历了前期的动荡时期后，电力电子行业正进入一个以整合、成本优化和竞争定位为重点的新阶段。　　从业绩来看，上述21只功率半导体概念股2025年上半年净利润合计近260亿元，同比增长近24%。截至8月21日收盘，14只概念股披露2026年半年报（含业绩预告，取下限）。

八 | 　　整体来看，经历了2024年业绩下滑后，功率半导体公司业绩迎来持续的上升期。14只概念股2026年上半年实现净利润近80亿元，按可比口径计算，上半年净利润同比增长近23%，连续2年上半年保持增长趋势。其中，12只概念股今年上半年均实现盈利，TCL中环今年上半年亏损额收窄，*ST闻泰受子公司境外主体控制权受限影响，今年上半年业绩亏损，但亏损额相较于去年下半年已大幅收窄。　　具体来看，6只个股今年上半年净利润超过1亿元，包括时代电气、扬杰科技、士兰微等。　　时代电气今年上半年实现净利润17.12亿元，同比增长2.44%，净利润规模创2021年以来同期最高水平。

九 | 在IGBT和碳化硅（SiC）领域，公司是国内少数具备650V—6500V产品及工程化能力的企业，拥有服务AI电源、高压直流输电（HVDC）的完整产品型谱。　　扬杰科技今年上半年净利润下限超过7亿元，同比增幅下限达到20%。公司自成立以来，始终聚焦在功率半导体赛道深耕发展，目前主营产品主要分为三大板块，包括材料板块、晶圆板块及封装器件板块。　　士兰微今年上半年净利润下限超过5亿元，同比增幅下限超过95%。公司是国内功率半导体IDM龙头之一，产品线广度对标英飞凌，沿硅基的IGBT与MOSFET、第三代半导体（SiC与GaN）以及12英寸高端模拟集成电路芯片三条主线并进。　　8股获融资客重点埋伏　　从融资余额来看，上述21只功率半导体概念股中，有19只属于融资融券标的，其中12只个股年内均获得融资客加仓。截至8月20日，融资余额较去年末增幅超过20%的功率半导体概念股有8只，包括银河微电、富满微、国电南瑞等。　　银河微电获融资客加仓超过159%。公司深耕半导体分立器件，主营各类半导体元器件，包括小信号器件、功率器件等。

十 | 　　富满微获融资客加仓超过93%。国电南瑞获融资客加仓近57%，公司功率半导体产业聚焦服务新型电力系统建设。

十一 | 　　市场方面，上述8股今年以来平均涨幅超过25%，富满微今年以来累计涨幅超过86%，居首。（文章来源：数据宝）。

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Published on:16:42:18