update pay ui
This commit is contained in:
@@ -1,629 +1,383 @@
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<!DOCTYPE html>
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<html lang="zh-CN">
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>英诺赛科概念股分析 - 氮化镓半导体产业链</title>
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<link href="https://cdn.jsdelivr.net/npm/bootstrap@5.3.0-alpha1/dist/css/bootstrap.min.css" rel="stylesheet">
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<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/bootstrap-icons@1.10.3/font/bootstrap-icons.css">
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<title>深度行研 | 英诺赛科概念股 (Innoscience Concept)</title>
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<!-- Tailwind CSS & DaisyUI -->
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.11.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<script src="https://cdn.tailwindcss.com"></script>
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<!-- Alpine.js -->
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<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.x.x/dist/cdn.min.js"></script>
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<!-- ECharts -->
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<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
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<!-- Google Fonts -->
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<link rel="preconnect" href="https://fonts.googleapis.com">
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<link rel="preconnect" href="https://fonts.gstatic.com" crossorigin>
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<link href="https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&family=Orbitron:wght@400;700&display=swap" rel="stylesheet">
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<style>
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:root {
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--primary-color: #1a73e8;
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--secondary-color: #34a853;
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--accent-color: #ea4335;
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--light-bg: #f8f9fa;
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--dark-bg: #202124;
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--card-shadow: 0 4px 6px rgba(0, 0, 0, 0.1);
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--glow-color-1: #00f6ff;
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--glow-color-2: #ff00f2;
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--glow-color-3: #7a00ff;
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}
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html, body {
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font-family: 'Noto Sans SC', sans-serif;
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color: #E0E0E0;
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scroll-behavior: smooth;
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}
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.font-orbitron {
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font-family: 'Orbitron', sans-serif;
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}
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body {
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font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
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color: #333;
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background-color: #f5f7fa;
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background-color: #010419;
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background-image:
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radial-gradient(ellipse 80% 80% at 50% -20%, rgba(120, 119, 198, 0.3), rgba(255, 255, 255, 0)),
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url('data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" width="40" height="40" viewBox="0 0 40 40"%3E%3Cg fill-rule="evenodd"%3E%3Cg fill="%230e102f" fill-opacity="0.6"%3E%3Cpath d="M0 38.59l2.83-2.83 1.41 1.41L1.41 40H0v-1.41zM0 1.4l2.83 2.83 1.41-1.41L1.41 0H0v1.41zM38.59 40l-2.83-2.83 1.41-1.41L40 38.59V40h-1.41zM40 1.41l-2.83 2.83-1.41-1.41L38.59 0H40v1.41zM20 18.6l2.83-2.83 1.41 1.41L21.41 20l2.83 2.83-1.41 1.41L20 21.41l-2.83 2.83-1.41-1.41L18.59 20l-2.83-2.83 1.41-1.41L20 18.59z"/%3E%3C/g%3E%3C/g%3E%3C/svg%3E');
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}
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.hero-section {
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background: linear-gradient(135deg, var(--primary-color), var(--secondary-color));
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color: white;
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padding: 3rem 0;
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margin-bottom: 2rem;
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}
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.card {
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border: none;
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border-radius: 12px;
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box-shadow: var(--card-shadow);
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transition: transform 0.3s ease, box-shadow 0.3s ease;
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margin-bottom: 1.5rem;
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height: 100%;
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}
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.card:hover {
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transform: translateY(-5px);
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box-shadow: 0 10px 20px rgba(0, 0, 0, 0.15);
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}
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.card-header {
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background-color: var(--primary-color);
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color: white;
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border-radius: 12px 12px 0 0 !important;
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padding: 1rem;
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font-weight: 600;
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}
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.stat-card {
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text-align: center;
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padding: 1.5rem;
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border-radius: 12px;
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margin-bottom: 1.5rem;
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.glass-card {
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background: rgba(10, 12, 38, 0.5);
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backdrop-filter: blur(16px) saturate(180%);
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-webkit-backdrop-filter: blur(16px) saturate(180%);
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border: 1px solid rgba(255, 255, 255, 0.1);
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position: relative;
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transition: all 0.3s ease;
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}
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.stat-card:hover {
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transform: translateY(-5px);
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}
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.stat-card.primary {
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background: linear-gradient(135deg, #4285f4, #1a73e8);
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color: white;
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}
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.stat-card.secondary {
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background: linear-gradient(135deg, #34a853, #0f9d58);
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color: white;
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}
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.stat-card.accent {
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background: linear-gradient(135deg, #ea4335, #c5221f);
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color: white;
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}
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.stat-value {
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font-size: 2rem;
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font-weight: 700;
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margin: 0.5rem 0;
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}
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.stat-label {
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font-size: 0.9rem;
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opacity: 0.9;
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}
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.table-container {
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overflow-x: hidden;
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}
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table {
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width: 100%;
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border-collapse: separate;
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border-spacing: 0;
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}
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th, td {
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padding: 12px 15px;
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text-align: left;
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}
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th {
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background-color: var(--primary-color);
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color: white;
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position: sticky;
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top: 0;
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z-index: 10;
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}
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tr:nth-child(even) {
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background-color: rgba(0, 0, 0, 0.02);
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}
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tr:hover {
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background-color: rgba(26, 115, 232, 0.1);
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}
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.badge-category {
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font-size: 0.75rem;
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padding: 0.4rem 0.8rem;
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border-radius: 20px;
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font-weight: 500;
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}
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.badge-supplier {
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background-color: rgba(66, 133, 244, 0.15);
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color: #1a73e8;
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}
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.badge-customer {
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background-color: rgba(52, 168, 83, 0.15);
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color: #0f9d58;
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}
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.badge-chain {
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background-color: rgba(251, 188, 5, 0.15);
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color: #ea8600;
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}
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.badge-equity {
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background-color: rgba(234, 67, 53, 0.15);
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color: #c5221f;
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}
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.badge-gan {
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background-color: rgba(103, 58, 183, 0.15);
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color: #673ab7;
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}
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.badge-other {
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background-color: rgba(95, 99, 104, 0.15);
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color: #5f6368;
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}
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.section-title {
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position: relative;
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margin-bottom: 1.5rem;
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padding-bottom: 0.75rem;
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font-weight: 700;
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color: var(--primary-color);
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}
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.section-title::after {
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.glass-card::before {
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content: '';
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position: absolute;
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bottom: 0;
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left: 0;
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width: 60px;
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height: 3px;
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background-color: var(--primary-color);
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inset: 0;
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border-radius: inherit;
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padding: 1px;
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background: linear-gradient(145deg, var(--glow-color-1), var(--glow-color-2), var(--glow-color-3));
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-webkit-mask:
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linear-gradient(#fff 0 0) content-box,
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linear-gradient(#fff 0 0);
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-webkit-mask-composite: xor;
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mask-composite: exclude;
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opacity: 0.3;
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transition: opacity 0.3s ease;
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}
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.glass-card:hover::before {
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opacity: 0.8;
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}
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.glow-text {
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text-shadow: 0 0 8px var(--glow-color-1), 0 0 16px var(--glow-color-1);
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}
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.title-line {
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height: 2px;
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background: linear-gradient(90deg, var(--glow-color-1), var(--glow-color-2), transparent);
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}
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.industry-chain {
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display: flex;
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justify-content: space-between;
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margin: 2rem 0;
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flex-wrap: wrap;
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.bento-grid {
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display: grid;
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gap: 1.5rem; /* 24px */
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grid-template-columns: repeat(12, 1fr);
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}
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.bento-item {
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grid-column: span 12;
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}
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.chain-node {
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text-align: center;
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padding: 1rem;
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border-radius: 8px;
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background-color: white;
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box-shadow: var(--card-shadow);
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margin: 0.5rem;
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flex: 1;
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min-width: 120px;
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@media (min-width: 1024px) {
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.bento-item-main { grid-column: span 8; }
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.bento-item-side { grid-column: span 4; }
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.bento-item-1 { grid-column: span 4; }
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.bento-item-2 { grid-column: span 4; }
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.bento-item-3 { grid-column: span 4; }
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}
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.styled-table {
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border-collapse: separate;
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border-spacing: 0;
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width: 100%;
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}
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.styled-table thead th {
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background-color: rgba(0, 246, 255, 0.1);
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color: var(--glow-color-1);
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}
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.styled-table tbody tr {
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background-color: rgba(10, 12, 38, 0.2);
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transition: background-color 0.2s ease;
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}
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.chain-node i {
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font-size: 2rem;
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color: var(--primary-color);
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margin-bottom: 0.5rem;
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.styled-table tbody tr:hover {
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background-color: rgba(0, 246, 255, 0.15);
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}
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.chain-arrow {
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display: flex;
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align-items: center;
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justify-content: center;
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color: #5f6368;
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margin: 0 0.5rem;
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}
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.footer {
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background-color: var(--dark-bg);
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color: white;
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padding: 2rem 0;
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margin-top: 3rem;
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}
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.highlight {
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background-color: rgba(251, 188, 5, 0.2);
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padding: 2px 4px;
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border-radius: 3px;
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font-weight: 600;
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}
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@media (max-width: 768px) {
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.hero-section {
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padding: 2rem 0;
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}
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.chain-node {
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min-width: 100px;
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}
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.stat-value {
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font-size: 1.5rem;
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}
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.styled-table th, .styled-table td {
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border-bottom: 1px solid rgba(255, 255, 255, 0.1);
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padding: 1rem 1.25rem;
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}
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</style>
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</head>
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<body>
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<!-- Hero Section -->
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<div class="hero-section">
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<div class="container">
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<div class="row align-items-center">
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<div class="col-lg-8">
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<h1 class="display-5 fw-bold mb-3">英诺赛科概念股分析</h1>
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<p class="lead mb-0">全球领先的氮化镓(GaN)半导体功率器件研发与制造商</p>
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</div>
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<div class="col-lg-4 text-lg-end mt-3 mt-lg-0">
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<div class="d-flex align-items-center justify-content-lg-end">
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<i class="bi bi-cpu me-2" style="font-size: 2rem;"></i>
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<div>
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<div class="h5 mb-0">半导体 · 氮化镓</div>
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<div>第三代半导体</div>
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<body class="min-h-screen">
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<div class="container mx-auto p-4 sm:p-6 lg:p-8">
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<!-- Header -->
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<header class="text-center my-12 animate-fade-in-down">
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<h1 class="text-4xl md:text-6xl font-orbitron font-bold glow-text tracking-widest">
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深度行研: 英诺赛科概念股
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</h1>
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<p class="mt-4 text-sm md:text-base text-gray-400">
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北京价值前沿科技有限公司 AI投研agent：“价小前投研” 呈现
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</p>
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<p class="text-xs text-gray-500 mt-1">本报告为AI合成数据，投资需谨慎。</p>
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<div class="max-w-xl mx-auto mt-6">
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<div class="title-line"></div>
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</div>
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</header>
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<main class="space-y-8">
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<!-- Concept Insight -->
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<section id="insight" class="glass-card rounded-3xl p-6 md:p-8">
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<h2 class="text-2xl md:text-3xl font-bold font-orbitron mb-6 text-cyan-300">概念洞察 (Concept Insight)</h2>
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<div class="space-y-8 text-gray-300 prose prose-invert max-w-none prose-p:leading-relaxed prose-li:my-1">
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400">0. 概念事件</h3>
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<p>“英诺赛科概念股”是指围绕全球氮化镓（GaN）功率半导体领导者——英诺赛科（Innoscience, 02577.HK）的产业链、合作伙伴、竞争格局及技术应用而形成的一系列投资标的组合。其核心催化事件包括：<strong>2024年12月30日港股上市</strong>、与英飞凌等专利诉讼取得<strong>战略性胜利</strong>、以及最关键的引爆点——<strong>2025年8月1日被英伟达（NVIDIA）列入800V直流电源架构合作商名录</strong>，成为唯一入选的中国芯片企业。</p>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-fuchsia-400">1. 核心观点摘要</h3>
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<p>“英诺赛科概念”是当前半导体领域由技术突破驱动、正从主题炒作向基本面验证过渡的核心赛道。其核心驱动力源于氮化镓（GaN）技术在AI算力、新能源汽车等高增长领域的性能优势与成本潜力。英诺赛科作为全球龙头，其商业化的加速落地构成了整个概念的基石。当前市场情绪高涨，但存在对合作进展（尤其是与英伟达）的过度预期，未来的投资价值在于精准识别产业链中逻辑最纯粹、业绩兑现能力最强的环节。</p>
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||||
</div>
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||||
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||||
<div class="bento-grid">
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||||
<div class="bento-item bento-item-main glass-card rounded-2xl p-6 border border-transparent">
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<h3 class="text-xl font-semibold text-fuchsia-400">2. 核心逻辑与市场认知分析</h3>
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<ul class="list-disc list-inside mt-4 space-y-3">
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<li><strong>技术迭代驱动</strong>: GaN在高频率、高效率、小尺寸方面对传统硅基器件有代际优势，完美契合AI数据中心、新能源汽车（OBC/DCDC）和快充的核心需求。</li>
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<li><strong>成本下降与规模化</strong>: 英诺赛科率先实现<strong>8英寸</strong>硅基氮化镓晶圆量产，单片成本降低30%，结合<strong>超95%的良率</strong>和IDM模式，推动GaN器件进入商业化应用的“甜蜜点”。</li>
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||||
<li><strong>龙头引领效应</strong>: 以高达33.7%~42%的全球市场份额位居第一，其与英伟达、安森美、意法半导体的顶级合作，为整个产业链提供了清晰的增长路径和市场空间预期。</li>
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||||
<li><strong>【核心预期差】</strong>: 市场将“入选英伟达合作商”等同于“获得大额订单”，但官方信息显示“<strong>目前合作尚处于测试阶段，暂未产生实质性订单</strong>”。同时，市场易忽略其当前<strong>尚未盈利</strong>（目标2026年净利润转正）的现状，估值高度依赖远期预期。</li>
|
||||
</ul>
|
||||
</div>
|
||||
<div class="bento-item bento-item-side glass-card rounded-2xl p-6 border border-transparent">
|
||||
<h3 class="text-xl font-semibold text-fuchsia-400">全球市场份额</h3>
|
||||
<div id="marketShareChart" class="w-full h-64 mt-4"></div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold text-fuchsia-400">3. 关键催化剂与未来发展路径</h3>
|
||||
<ul class="list-disc list-inside space-y-2">
|
||||
<li><strong>近期催化剂 (3-6个月)</strong>: ① 英伟达合作从“测试”进入“订单”的公告；② 获得主流车企关键车型定点项目；③ 2025年财报验证毛利率能否转正。</li>
|
||||
<li><strong>长期发展路径</strong>:
|
||||
<ol class="list-decimal list-inside pl-4 mt-2 space-y-1 text-gray-400">
|
||||
<li><strong>当前-2026年</strong>: 市场渗透与盈利拐点。</li>
|
||||
<li><strong>2026-2028年</strong>: 规模扩张与生态构建。</li>
|
||||
<li><strong>2028年以后</strong>: 平台化与全球领导者。</li>
|
||||
</ol>
|
||||
</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold text-fuchsia-400">4. 产业链与核心公司深度剖析</h3>
|
||||
<p>产业链可分为上游（设备、材料、服务）、中游（GaN芯片设计制造）和下游（应用与模组）。</p>
|
||||
<ul class="list-disc list-inside mt-2 space-y-2">
|
||||
<li><strong>逻辑最纯粹者 - 上游核心供应商</strong>: 如<strong>龙图光罩</strong>（掩模版主要供应商），其受益逻辑与英诺赛科晶圆产出直接挂钩，业绩确定性高。</li>
|
||||
<li><strong>直接受益者 - 下游合作伙伴</strong>: 如<strong>长电科技</strong>（承接封测业务），业务量与英诺赛-科出货量直接相关，是分享增长的稳健选择。</li>
|
||||
<li><strong>验证与证伪</strong>: 路演数据中“AI及数据中心产品出货量同比+669.8%”强力验证了新领域高增长逻辑。而公司官方“尚处于测试阶段”的回应，则是对短期业绩兑现能力的重要风险警示。</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold text-fuchsia-400">5. 潜在风险与挑战</h3>
|
||||
<ul class="list-disc list-inside space-y-2">
|
||||
<li><strong>商业化风险</strong>: 盈利压力大，持续资本开支与尚未盈利的现状构成财务风险。若下游需求释放缓慢，可能导致产能利用率不足。</li>
|
||||
<li><strong>政策与竞争风险</strong>: 国际贸易摩擦（美国关税、出口管制）是悬顶之剑。国内外巨头（如英飞凌）的反击不容忽视。</li>
|
||||
<li><strong>信息交叉验证风险</strong>: 市场对英伟达合作的热情与公司谨慎的官方表态存在明显“温差”，是最大的信息矛盾点和风险点。</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold text-fuchsia-400">6. 综合结论与投资启示</h3>
|
||||
<p>“英诺赛科概念”已进入由龙头商业化突破引领的基本面驱动阶段，但当前市场情绪已部分透支短期利好。投资的核心在于区分“情绪溢价”和“真实价值”。</p>
|
||||
<p><strong>最具投资价值的细分环节</strong>：</p>
|
||||
<ol class="list-decimal list-inside pl-4 mt-2 space-y-1">
|
||||
<li><strong>上游“卖铲人”</strong>：逻辑纯粹、业绩确定性高的核心设备、材料供应商。</li>
|
||||
<li><strong>下游封测环节</strong>：订单与英诺赛科出货量直接挂钩的封测厂商。</li>
|
||||
</ol>
|
||||
<p class="mt-4"><strong>需重点跟踪验证的关键指标</strong>：英诺赛科的<strong>毛利率变化</strong>、<strong>新业务收入占比</strong>、<strong>产能利用率</strong>、以及关键合作的<strong>实质性订单公告</strong>。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<!-- Supporting Data Bento Grid -->
|
||||
<section id="data-summary">
|
||||
<h2 class="text-2xl md:text-3xl font-bold font-orbitron mb-6 text-cyan-300 text-center">核心数据摘要</h2>
|
||||
<div class="bento-grid">
|
||||
<!-- News Data -->
|
||||
<div class="bento-item bento-item-1 glass-card rounded-2xl p-6">
|
||||
<h3 class="text-xl font-bold text-fuchsia-400 mb-4">新闻数据</h3>
|
||||
<ul class="space-y-3 text-sm text-gray-300">
|
||||
<li><strong>核心定位</strong>: 全球最大量产8英寸GaN IDM企业，2023年全球市占率33.7%排名第一。</li>
|
||||
<li><strong>与英伟达合作</strong>: 入选800V直流电源架构合作商名录，为唯一的中国芯片企业。但目前尚处测试阶段，无实质性订单。</li>
|
||||
<li><strong>与意法/安森美合作</strong>: 与意法半导体（基石投资者）签署联合开发协议，实现产能协同；与安森美达成战略合作，有望带来数亿美元销售。</li>
|
||||
<li><strong>供应商/客户</strong>: 主要供应商为龙图光罩（掩模版）；芯朋微是重要合作伙伴。</li>
|
||||
<li><strong>专利诉讼</strong>: 在与英飞凌、EPC的专利诉讼中均取得战略性胜利，扫清出海障碍。</li>
|
||||
</ul>
|
||||
</div>
|
||||
<!-- Roadshow Data -->
|
||||
<div class="bento-item bento-item-2 glass-card rounded-2xl p-6">
|
||||
<h3 class="text-xl font-bold text-fuchsia-400 mb-4">路演纪要</h3>
|
||||
<ul class="space-y-3 text-sm text-gray-300">
|
||||
<li><strong>财务目标</strong>: 2025年毛利率转正，2026年净利润转正。</li>
|
||||
<li><strong>业务结构转型</strong>: 数据中心+汽车业务占比快速提升，25H1预计达55%。数据中心出货量同比+669.8%，汽车+986.7%。</li>
|
||||
<li><strong>产能规划</strong>: 2024年底1.3万片/月，目标2028年初苏州工厂满产（7万片/月）。</li>
|
||||
<li><strong>技术优势</strong>: GaN在1200V以下场景相对SiC有成本和性能优势，如汽车OBC领域系统成本可降20%。</li>
|
||||
<li><strong>行业格局</strong>: 台积电2025年中停止8英寸GaN代工，行业门槛抬高，IDM模式优势凸显。</li>
|
||||
</ul>
|
||||
</div>
|
||||
<!-- Research Report Data -->
|
||||
<div class="bento-item bento-item-3 glass-card rounded-2xl p-6">
|
||||
<h3 class="text-xl font-bold text-fuchsia-400 mb-4">研报观点</h3>
|
||||
<ul class="space-y-3 text-sm text-gray-300">
|
||||
<li><strong>营收预测</strong>: 普遍预测高速增长，CAGR达76%（至2028年）。</li>
|
||||
<li><strong>估值</strong>: 多家券商给予积极评级，目标价区间在44.80-52.55港元，多基于远期P/S或P/E估值法。</li>
|
||||
<li><strong>核心驱动</strong>: 明确指出Nvidia的800V HVDC架构将增加GaN和SiC半导体的采用，英诺赛科是关键受益者。</li>
|
||||
<li><strong>风险提示</strong>: 共同关注美国关税/政策风险、竞争加剧风险、技术渗透不及预期风险、以及公司尚未盈利的财务风险。</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<!-- Stock List -->
|
||||
<section id="stock-list" class="glass-card rounded-3xl p-6 md:p-8 overflow-x-auto">
|
||||
<h2 class="text-2xl md:text-3xl font-bold font-orbitron mb-6 text-cyan-300">核心概念股列表</h2>
|
||||
<div class="overflow-x-auto">
|
||||
<table class="styled-table min-w-full text-sm">
|
||||
<thead class="text-left font-semibold">
|
||||
<tr>
|
||||
<th class="rounded-tl-lg">股票名称</th>
|
||||
<th>股票代码</th>
|
||||
<th>关联原因</th>
|
||||
<th class="rounded-tr-lg">标签</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<tr><td>北方华创</td><td><a href="https://valuefrontier.cn/company?scode=002371" target="_blank" class="text-cyan-400 hover:underline">002371</a></td><td>互动称英诺赛科是公司的客户。或提供刻蚀、沉积等关键工艺设备</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>龙图光罩</td><td>-</td><td>英诺赛科重要客户，为其氮化镓产品提供配套的半导体掩模版，是其主要供应商</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>华特气体</td><td><a href="https://valuefrontier.cn/company?scode=688268" target="_blank" class="text-cyan-400 hover:underline">688268</a></td><td>英诺赛科珠海及苏州公司均为其客户，已供应20多种产品</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>英诺激光</td><td><a href="https://valuefrontier.cn/company?scode=301021" target="_blank" class="text-cyan-400 hover:underline">301021</a></td><td>子公司向英诺赛科供应激光加工设备，用于GaN晶圆切割</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>正帆科技</td><td><a href="https://valuefrontier.cn/company?scode=688596" target="_blank" class="text-cyan-400 hover:underline">688596</a></td><td>向英诺赛科供应8英寸氮化镓生产项目的气体供应系统</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>圣晖集成</td><td><a href="https://valuefrontier.cn/company?scode=603163" target="_blank" class="text-cyan-400 hover:underline">603163</a></td><td>提供英诺赛科（苏州）半导体全产业链洁净室工程服务</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>盛剑科技</td><td><a href="https://valuefrontier.cn/company?scode=603324" target="_blank" class="text-cyan-400 hover:underline">603324</a></td><td>目前采用公司产品的半导体制造企业有中芯国际、英诺赛科等</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>江苏神通</td><td><a href="https://valuefrontier.cn/company?scode=002438" target="_blank" class="text-cyan-400 hover:underline">002438</a></td><td>表示已给英诺赛科实现批量供货，已有小批量化订单</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>凯德石英</td><td><a href="https://valuefrontier.cn/company?scode=920179" target="_blank" class="text-cyan-400 hover:underline">920179</a></td><td>新增客户包括英诺赛科（珠海），下游产品类型氮化镓衬底集成电路</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>宏微科技</td><td><a href="https://valuefrontier.cn/company?scode=688711" target="_blank" class="text-cyan-400 hover:underline">688711</a></td><td>采购英诺赛科的氮化镓(GaN)外延片，用于自研GaN功率器件</td><td>供应商/合作伙伴</td></tr>
|
||||
<tr><td>长电科技</td><td><a href="https://valuefrontier.cn/company?scode=600584" target="_blank" class="text-cyan-400 hover:underline">600584</a></td><td>承接英诺赛科GaN器件的DFN5X6、QFN封装及测试业务</td><td>客户/应用方</td></tr>
|
||||
<tr><td>安克创新</td><td><a href="https://valuefrontier.cn/company?scode=300866" target="_blank" class="text-cyan-400 hover:underline">300866</a></td><td>采用英诺赛科GaN芯片开发快充电源（如AnkerNano系列）</td><td>客户/应用方</td></tr>
|
||||
<tr><td>铭普光磁</td><td><a href="https://valuefrontier.cn/company?scode=002902" target="_blank" class="text-cyan-400 hover:underline">002902</a></td><td>成功研发PFC电感并与英诺赛科INN650TA030AH芯片配套开发</td><td>产业链协同</td></tr>
|
||||
<tr><td>中恒电气</td><td><a href="https://valuefrontier.cn/company?scode=002364" target="_blank" class="text-cyan-400 hover:underline">002364</a></td><td>面向数据中心等应用场景提供HVDC电源，与英诺赛科的800V架构方向一致</td><td>产业链协同</td></tr>
|
||||
<tr><td>三安光电</td><td><a href="https://valuefrontier.cn/company?scode=600703" target="_blank" class="text-cyan-400 hover:underline">600703</a></td><td>国内氮化镓领域重要企业，拥有硅基氮化镓产能2000片/月，形成对标</td><td>氮化镓</td></tr>
|
||||
<tr><td>士兰微</td><td><a href="https://valuefrontier.cn/company?scode=600460" target="_blank" class="text-cyan-400 hover:underline">600460</a></td><td>公司完成了多项特色制造工艺技术研发和升级，主要为GaN功率器件等</td><td>氮化镓</td></tr>
|
||||
<tr><td class="rounded-bl-lg">天壕能源</td><td><a href="https://valuefrontier.cn/company?scode=300332" target="_blank" class="text-cyan-400 hover:underline">300332</a></td><td>通过认缴出资紫荆资本，间接持有英诺赛科股权</td><td class="rounded-br-lg">股权相关</td></tr>
|
||||
</tbody>
|
||||
</table>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<section id="rise-analysis" class="glass-card rounded-3xl p-6 md:p-8 overflow-x-auto">
|
||||
<h2 class="text-2xl md:text-3xl font-bold font-orbitron mb-6 text-cyan-300">市场情绪与异动分析</h2>
|
||||
<div class="overflow-x-auto">
|
||||
<table class="styled-table min-w-full text-sm">
|
||||
<thead class="text-left font-semibold">
|
||||
<tr>
|
||||
<th class="rounded-tl-lg">股票名称</th>
|
||||
<th>股票代码</th>
|
||||
<th>异动日期</th>
|
||||
<th>异动涨幅</th>
|
||||
<th class="rounded-tr-lg">原因分析摘要</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<tr><td>爱科赛博</td><td><a href="https://valuefrontier.cn/company?scode=688719" target="_blank" class="text-cyan-400 hover:underline">688719</a></td><td>2025-12-03</td><td>5.56%</td><td>由英诺赛科重大利好引爆板块情绪，市场将其作为测试电源供应商的潜在受益标的，叠加游资炒作。</td></tr>
|
||||
<tr><td>赛腾股份</td><td><a href="https://valuefrontier.cn/company?scode=603283" target="_blank" class="text-cyan-400 hover:underline">603283</a></td><td>2025-08-04</td><td>8.52%</td><td>受益于半导体芯片板块整体走强（由英诺赛科与英伟达合作等事件驱动）的带动效应。</td></tr>
|
||||
<tr><td>英飞特</td><td><a href="https://valuefrontier.cn/company?scode=300582" target="_blank" class="text-cyan-400 hover:underline">300582</a></td><td>2025-08-01</td><td>7.21%</td><td>英诺赛科事件引发电源相关板块联动，公司作为电源企业被资金视为关联标的跟涨。</td></tr>
|
||||
<tr><td>英科医疗</td><td><a href="https://valuefrontier.cn/company?scode=300677" target="_blank" class="text-cyan-400 hover:underline">300677</a></td><td>2025-08-01</td><td>8.53%</td><td>市场热点传导，可能因名称与“英诺赛科”有相似性而受到部分资金关注，关联性弱。</td></tr>
|
||||
<tr><td class="rounded-bl-lg">赛诺医疗</td><td><a href="https://valuefrontier.cn/company?scode=688108" target="_blank" class="text-cyan-400 hover:underline">688108</a></td><td>2025-08-01</td><td>6.70%</td><td class="rounded-br-lg">典型市场混淆案例，因名称与“英诺赛科”相似而被部分投资者错误买入，业务完全不相关。</td></tr>
|
||||
</tbody>
|
||||
</table>
|
||||
</div>
|
||||
</section>
|
||||
</main>
|
||||
</div>
|
||||
|
||||
<!-- Main Content -->
|
||||
<div class="container mb-5">
|
||||
<!-- Key Metrics -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-md-4">
|
||||
<div class="stat-card primary">
|
||||
<div class="stat-label">2024年营收</div>
|
||||
<div class="stat-value">8.28亿</div>
|
||||
<div class="stat-label">同比增长 <span class="highlight">39.8%</span></div>
|
||||
</div>
|
||||
</div>
|
||||
<div class="col-md-4">
|
||||
<div class="stat-card secondary">
|
||||
<div class="stat-label">毛利率</div>
|
||||
<div class="stat-value">-19.5%</div>
|
||||
<div class="stat-label">同比改善 <span class="highlight">41.5%</span></div>
|
||||
</div>
|
||||
</div>
|
||||
<div class="col-md-4">
|
||||
<div class="stat-card accent">
|
||||
<div class="stat-label">市场地位</div>
|
||||
<div class="stat-value">全球第一</div>
|
||||
<div class="stat-label">8英寸GaN IDM量产</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
<script>
|
||||
// ECharts Initialization
|
||||
document.addEventListener('DOMContentLoaded', function () {
|
||||
var chartDom = document.getElementById('marketShareChart');
|
||||
var myChart = echarts.init(chartDom);
|
||||
var option;
|
||||
|
||||
<!-- Core Business Analysis -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-12">
|
||||
<div class="card">
|
||||
<div class="card-header">
|
||||
<h3 class="h5 mb-0"><i class="bi bi-lightbulb me-2"></i>核心业务分析</h3>
|
||||
</div>
|
||||
<div class="card-body">
|
||||
<div class="row">
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">技术优势</h4>
|
||||
<p>英诺赛科是全球最大的量产<span class="highlight">8英寸氮化镓(GaN)</span> IDM企业，专注于GaN半导体功率器件研发与制造。公司拥有<span class="highlight">95%以上</span>的GaN晶圆良率，技术处于全球领先地位。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">应用领域</h4>
|
||||
<p>公司产品广泛应用于多个高增长领域，包括<span class="highlight">数据中心</span>（为英伟达提供800V DCDC电源芯片）、<span class="highlight">汽车电子</span>（新能源汽车电源系统）和<span class="highlight">消费电子</span>（快充电源）等新兴应用领域。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">客户资源</h4>
|
||||
<p>英诺赛科已进入<span class="highlight">英伟达</span>供应链，为其AI数据中心提供关键电源芯片。同时与安克创新、台达、光宝、长城、维谛技术等行业领先企业建立了稳定的合作关系。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">产能布局</h4>
|
||||
<p>公司在苏州和珠海建有生产基地，其中苏州工厂已完成扩产，实现了<span class="highlight">8英寸氮化镓晶圆</span>的大规模量产，为满足快速增长的市场需求提供了有力保障。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- Industry Chain -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-12">
|
||||
<h2 class="section-title">产业链布局</h2>
|
||||
<div class="card">
|
||||
<div class="card-body">
|
||||
<div class="industry-chain">
|
||||
<div class="chain-node">
|
||||
<i class="bi bi-hammer"></i>
|
||||
<div class="fw-bold">上游</div>
|
||||
<div class="small">设备材料</div>
|
||||
</div>
|
||||
<div class="chain-arrow">
|
||||
<i class="bi bi-arrow-right"></i>
|
||||
</div>
|
||||
<div class="chain-node">
|
||||
<i class="bi bi-cpu"></i>
|
||||
<div class="fw-bold">中游</div>
|
||||
<div class="small">晶圆制造</div>
|
||||
</div>
|
||||
<div class="chain-arrow">
|
||||
<i class="bi bi-arrow-right"></i>
|
||||
</div>
|
||||
<div class="chain-node">
|
||||
<i class="bi bi-memory"></i>
|
||||
<div class="fw-bold">下游</div>
|
||||
<div class="small">应用领域</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div class="row mt-4">
|
||||
<div class="col-md-4 mb-3">
|
||||
<h5 class="text-primary fw-bold">上游 - 设备与材料</h5>
|
||||
<ul class="list-unstyled">
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>半导体设备：北方华创、英诺激光</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>特种气体：华特气体、正帆科技</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>衬底材料：凯德石英</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>洁净室工程：圣晖集成</li>
|
||||
</ul>
|
||||
</div>
|
||||
<div class="col-md-4 mb-3">
|
||||
<h5 class="text-primary fw-bold">中游 - 晶圆制造与封装</h5>
|
||||
<ul class="list-unstyled">
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>GaN晶圆制造：英诺赛科</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>封装测试：长电科技</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>功率器件研发：宏微科技</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>配套组件：江苏神通</li>
|
||||
</ul>
|
||||
</div>
|
||||
<div class="col-md-4 mb-3">
|
||||
<h5 class="text-primary fw-bold">下游 - 应用领域</h5>
|
||||
<ul class="list-unstyled">
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>消费电子：安克创新（快充）</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>数据中心：中恒电气、英伟达</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>汽车电子：太龙股份</li>
|
||||
<li><i class="bi bi-check-circle text-success me-2"></i>电源系统：铭普光磁、盛弘股份</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- Stock Data Table -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-12">
|
||||
<h2 class="section-title">英诺赛科概念股</h2>
|
||||
<div class="card">
|
||||
<div class="card-body table-container">
|
||||
<table class="table table-hover">
|
||||
<thead>
|
||||
<tr>
|
||||
<th>股票名称</th>
|
||||
<th>分类</th>
|
||||
<th>合作项目</th>
|
||||
<th>消息来源</th>
|
||||
<th>关联原因</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<tr>
|
||||
<td>宏微科技</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>采购英诺赛科的氮化镓(GaN)外延片，用于自研GaN功率器件</td>
|
||||
<td>网传纪要</td>
|
||||
<td>公司向宏微科技供应GaN外延片用于功率器件研发</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>英诺激光</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>子公司NU OPTO INC.向英诺赛科供应激光加工设备，用于GaN晶圆切割</td>
|
||||
<td>网传纪要</td>
|
||||
<td>子公司提供激光设备用于GaN晶圆切割</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>北方华创</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>互动称英诺赛科是公司客户，或提供刻蚀、沉积等关键工艺设备</td>
|
||||
<td>互动</td>
|
||||
<td>北方华创为英诺赛科提供半导体设备</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>盛剑科技</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>半导体制造企业客户包括中芯国际、英诺赛科等</td>
|
||||
<td>互动</td>
|
||||
<td>盛剑科技为英诺赛科等企业提供半导体设备</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>凯德石英</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>2021年1-6月新增客户包括英诺赛科（珠海），下游产品类型氮化镓衬底集成电路</td>
|
||||
<td>招股说明书</td>
|
||||
<td>凯德石英向英诺赛科供应氮化镓衬底材料</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>华特气体</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>英诺赛科珠海是公司客户，已供20多种产品。作为英诺赛科的生产线的苏州公司，目前已有订单</td>
|
||||
<td>互动</td>
|
||||
<td>华特气体为英诺赛科供应特种气体</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>正帆科技</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>向英诺赛科供应8英寸氮化镓生产项目，服务内容为气体供应系统</td>
|
||||
<td>公告</td>
|
||||
<td>正帆科技为英诺赛科提供气体供应系统</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>江苏神通</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>公司国际半导体展台负责人表示已经给英诺赛科实现批量供货，互动表示已进入样机验证阶段，已有小批量订单</td>
|
||||
<td>互动</td>
|
||||
<td>江苏神通向英诺赛科批量供货</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>圣晖集成</td>
|
||||
<td><span class="badge badge-category badge-supplier">供应商/合作伙伴</span></td>
|
||||
<td>提供英诺赛科(苏州)半导体全产业链洁净室工程服务</td>
|
||||
<td>公告</td>
|
||||
<td>圣晖集成为英诺赛科提供洁净室工程服务</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>安克创新</td>
|
||||
<td><span class="badge badge-category badge-customer">客户/应用方</span></td>
|
||||
<td>采用英诺赛科GaN芯片开发快充电源(如AnkerNano系列)</td>
|
||||
<td>公开资料</td>
|
||||
<td>安克创新使用英诺赛科GaN芯片开发快充产品</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>太龙股份</td>
|
||||
<td><span class="badge badge-category badge-customer">客户/应用方</span></td>
|
||||
<td>子公司博思达与英诺赛科存在氮化镓芯片方案沟通，尚未形成实质性订单，市场推广处于初期阶段</td>
|
||||
<td>互动</td>
|
||||
<td>太龙股份与英诺赛科在氮化镓芯片方案上有合作意向</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>长电科技</td>
|
||||
<td><span class="badge badge-category badge-customer">客户/应用方</span></td>
|
||||
<td>承接英诺赛科GaN器件的DFN5X6、QFN封装及测试业务</td>
|
||||
<td>网传纪要</td>
|
||||
<td>长电科技为英诺赛科提供封装测试服务</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>中恒电气</td>
|
||||
<td><span class="badge badge-category badge-chain">产业链协同</span></td>
|
||||
<td>公司面向数据中心等应用场景提供HVDC电源，800V巴拿马电源单柜价值200万元</td>
|
||||
<td>公开资料</td>
|
||||
<td>中恒电气为英诺赛科提供HVDC电源</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>铭普光磁</td>
|
||||
<td><span class="badge badge-category badge-chain">产业链协同</span></td>
|
||||
<td>成功研发4KW图腾柱无桥电路PFC电感并与英诺赛科INN650TA030AH芯片配套开发</td>
|
||||
<td>互动</td>
|
||||
<td>铭普光磁与英诺赛科芯片配套开发电源产品</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>天壕能源</td>
|
||||
<td><span class="badge badge-category badge-equity">股权相关</span></td>
|
||||
<td>2500万元认缴出资紫荆资本2.27%，其通过湖南华业天成间接持有英诺赛科股权</td>
|
||||
<td>互动</td>
|
||||
<td>天壕能源通过紫荆资本间接持有英诺赛科股权</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>士兰微</td>
|
||||
<td><span class="badge badge-category badge-gan">氮化镓</span></td>
|
||||
<td>公司完成了多项特色制造工艺技术研发和升级，主要为GaN功率器件等</td>
|
||||
<td>互动</td>
|
||||
<td>士兰微研发GaN功率器件</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>三安光电</td>
|
||||
<td><span class="badge badge-category badge-gan">氮化镓</span></td>
|
||||
<td>湖南三安的碳化硅产品已实现向台达、光宝、长城、维谛技术等数据中心及AI服务器电源客户供货，拥有硅基氮化镓产能2000片/月</td>
|
||||
<td>互动</td>
|
||||
<td>三安光电向英诺赛科等客户供应碳化硅产品</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>金盘科技</td>
|
||||
<td><span class="badge badge-category badge-other">其他</span></td>
|
||||
<td>Azure凤凰城项目首批交付48台8000kVA变压器（单价超450万元，毛利率55%）</td>
|
||||
<td>公开资料</td>
|
||||
<td>金盘科技为英诺赛科项目提供变压器</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>盛弘股份</td>
|
||||
<td><span class="badge badge-category badge-other">其他</span></td>
|
||||
<td>维谛、台达icon等将推出新一代高压800V-HVDC，公司与Verti合作或给出系统集成方案</td>
|
||||
<td>公开资料</td>
|
||||
<td>盛弘股份与英诺赛科合作HVDC系统</td>
|
||||
</tr>
|
||||
<tr>
|
||||
<td>科华数据</td>
|
||||
<td><span class="badge badge-category badge-other">其他</span></td>
|
||||
<td>现阶段约占国内HVDC市场10%左右，公司在北美干式变压器市场占有率高</td>
|
||||
<td>公开资料</td>
|
||||
<td>科华数据在HVDC市场有较高占有率</td>
|
||||
</tr>
|
||||
</tbody>
|
||||
</table>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- Investment Value Analysis -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-12">
|
||||
<h2 class="section-title">投资价值分析</h2>
|
||||
<div class="card">
|
||||
<div class="card-body">
|
||||
<div class="row">
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">行业前景</h4>
|
||||
<p>氮化镓(GaN)作为第三代半导体材料，具有高效率、高频率、高功率密度等优势，在<span class="highlight">5G通信</span>、<span class="highlight">新能源汽车</span>、<span class="highlight">数据中心</span>等新兴领域有广泛应用前景。随着全球对节能减排和高效能源利用的需求增长，GaN器件市场预计将保持高速增长。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">公司优势</h4>
|
||||
<p>英诺赛科作为全球领先的GaN IDM企业，拥有<span class="highlight">完整产业链</span>布局和<span class="highlight">技术领先</span>优势。公司已进入英伟达等头部客户供应链，产品在数据中心、汽车电子等高增长领域有广泛应用，未来成长空间广阔。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">财务表现</h4>
|
||||
<p>公司2024年营收达<span class="highlight">8.28亿元</span>，同比增长<span class="highlight">39.8%</span>，显示出良好的成长性。毛利率从<span class="highlight">-61%</span>改善至<span class="highlight">-19.5%</span>，虽然尚未盈利，但盈利能力持续改善，预计未来将实现盈利拐点。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">估值分析</h4>
|
||||
<p>作为GaN领域的龙头企业，英诺赛科享有一定的估值溢价。考虑到公司在行业中的领先地位、技术优势以及高增长潜力，其相关概念股在市场上有较高的关注度和投资价值，尤其是直接与公司有业务往来的供应商和合作伙伴。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- Risk Analysis -->
|
||||
<div class="row mb-4">
|
||||
<div class="col-12">
|
||||
<h2 class="section-title">风险提示</h2>
|
||||
<div class="card">
|
||||
<div class="card-body">
|
||||
<div class="alert alert-warning mb-3" role="alert">
|
||||
<i class="bi bi-exclamation-triangle-fill me-2"></i>
|
||||
<strong>投资有风险，入市需谨慎。</strong>以下为英诺赛科概念股可能面临的主要风险因素。
|
||||
</div>
|
||||
<div class="row">
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">技术风险</h4>
|
||||
<p>半导体行业技术更新迭代速度快，若公司无法持续保持技术领先优势，或GaN技术被其他技术路线替代，将影响公司的市场竞争力。同时，GaN晶圆生产过程中可能面临工艺波动，影响产品一致性。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">商业化风险</h4>
|
||||
<p>尽管公司已绑定英伟达等头部客户，但汽车电子、数据中心等新兴领域的客户导入速度可能慢于预期。汽车电子客户需要经过漫长的认证流程，若无法按计划实现量产，将影响收入增长预期。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">市场竞争风险</h4>
|
||||
<p>GaN赛道吸引多家企业入局，如三安光电、士兰微等，可能导致市场竞争加剧，压缩公司的毛利率空间。同时，国际巨头如英飞凌等也在积极布局GaN领域，未来竞争将更加激烈。</p>
|
||||
</div>
|
||||
<div class="col-md-6 mb-3">
|
||||
<h4 class="h6 fw-bold text-primary">政策与地缘政治风险</h4>
|
||||
<p>半导体行业受地缘政治、出口管制等因素影响较大。中美贸易摩擦、美国对中国半导体设备的限制等政策变化，可能对公司的供应链稳定性和国际业务拓展产生不利影响。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- Footer -->
|
||||
<footer class="footer">
|
||||
<div class="container">
|
||||
<div class="row">
|
||||
<div class="col-md-6">
|
||||
<h5>英诺赛科概念股分析</h5>
|
||||
<p class="mb-0">本页面提供英诺赛科及其产业链相关企业的投资分析，仅供参考，不构成投资建议。</p>
|
||||
</div>
|
||||
<div class="col-md-6 text-md-end">
|
||||
<p class="mb-0">数据来源：公开资料整理</p>
|
||||
<p class="mb-0">更新时间：2023年</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
</footer>
|
||||
|
||||
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|
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</html>
|
||||
Reference in New Issue
Block a user