939 lines
44 KiB
HTML
939 lines
44 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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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>模拟厂商弹性测算 - 半导体行业分析</title>
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<link href="https://cdn.jsdelivr.net/npm/bootstrap@5.3.0/dist/css/bootstrap.min.css" rel="stylesheet">
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<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/bootstrap-icons@1.10.0/font/bootstrap-icons.css">
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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-text: #202124;
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}
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body {
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font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;
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color: var(--dark-text);
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background-color: #ffffff;
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}
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.hero-section {
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background: linear-gradient(135deg, #1a73e8 0%, #34a853 100%);
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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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.section-title {
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font-weight: 600;
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margin-bottom: 1.5rem;
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color: var(--primary-color);
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position: relative;
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padding-bottom: 0.5rem;
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}
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.section-title::after {
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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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}
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.card {
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border: none;
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box-shadow: 0 2px 10px rgba(0,0,0,0.08);
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transition: transform 0.3s ease, box-shadow 0.3s ease;
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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 5px 20px rgba(0,0,0,0.12);
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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: 8px;
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background-color: var(--light-bg);
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margin-bottom: 1.5rem;
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}
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.stat-number {
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font-size: 2rem;
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font-weight: 700;
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color: var(--primary-color);
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}
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.timeline {
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position: relative;
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padding-left: 30px;
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}
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.timeline::before {
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content: '';
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position: absolute;
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left: 10px;
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top: 0;
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height: 100%;
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width: 2px;
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background: #e0e0e0;
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}
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.timeline-item {
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position: relative;
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margin-bottom: 2rem;
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}
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.timeline-item::before {
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content: '';
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position: absolute;
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left: -30px;
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top: 5px;
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width: 12px;
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height: 12px;
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border-radius: 50%;
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background: var(--primary-color);
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border: 2px solid white;
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box-shadow: 0 0 0 2px #e0e0e0;
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}
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.timeline-date {
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font-weight: 600;
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color: var(--primary-color);
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margin-bottom: 0.5rem;
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}
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.table-responsive {
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overflow-x: visible;
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}
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.table th {
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background-color: var(--light-bg);
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font-weight: 600;
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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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.table td, .table th {
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padding: 0.75rem;
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vertical-align: middle;
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}
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.highlight-row {
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background-color: rgba(26, 115, 232, 0.05);
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}
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.badge-custom {
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font-size: 0.8rem;
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padding: 0.4rem 0.8rem;
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}
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.nav-pills .nav-link {
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color: var(--primary-color);
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border-radius: 20px;
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margin: 0 0.25rem;
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}
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.nav-pills .nav-link.active {
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background-color: var(--primary-color);
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}
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.industry-icon {
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font-size: 2.5rem;
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color: var(--primary-color);
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margin-bottom: 1rem;
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}
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.risk-high {
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color: var(--accent-color);
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}
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.risk-medium {
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color: #fbbc04;
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}
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.risk-low {
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color: var(--secondary-color);
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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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.stat-number {
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font-size: 1.5rem;
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}
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.table {
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font-size: 0.8rem;
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}
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.table td, .table th {
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padding: 0.5rem;
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}
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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">模拟厂商弹性测算</h1>
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<p class="lead mb-0">中国模拟IC国产替代加速，政策驱动与周期复苏叠加的关键阶段</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 justify-content-lg-end justify-content-start gap-3">
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<div class="text-center">
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<div class="stat-number text-white">800亿</div>
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<div class="small">全球市场规模(美元)</div>
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</div>
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<div class="text-center">
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<div class="stat-number text-white">11%</div>
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<div class="small">中国全球市占率</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<div class="container mb-5">
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<!-- Market Overview -->
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<section class="mb-5">
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<h2 class="section-title">市场概览</h2>
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<div class="row">
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<div class="col-md-3 col-6">
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<div class="stat-card">
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<div class="stat-number">800亿</div>
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<div>全球模拟IC市场规模(美元)</div>
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</div>
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</div>
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<div class="col-md-3 col-6">
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<div class="stat-card">
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<div class="stat-number">17-18%</div>
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<div>占全球IC市场比例</div>
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</div>
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</div>
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<div class="col-md-3 col-6">
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<div class="stat-card">
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<div class="stat-number">50%</div>
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<div>中国占全球模拟IC市场</div>
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</div>
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</div>
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<div class="col-md-3 col-6">
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<div class="stat-card">
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<div class="stat-number">4.7%</div>
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<div>2025年预计同比增长</div>
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</div>
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</div>
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</div>
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</section>
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<!-- Timeline -->
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<section class="mb-5">
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<h2 class="section-title">重要事件时间轴</h2>
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<div class="timeline">
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<div class="timeline-item">
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<div class="timeline-date">2023年3月</div>
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<div>路演报告指出2023年及2024年上半年行业疲软，2024年下半年到2025年行业可能会有周期性上升</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2024年9月</div>
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<div>金融IT板块弹性测算路演</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2024年11月-2025年1月</div>
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<div>华为机器人产业链、T机器人产业链弹性测算相关新闻发布</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年3月3日</div>
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<div>模拟IC厂商弹性测算路演，强调中国模拟IC在全球市占率仅为11%，国产替代空间长期存在</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年3月12日</div>
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<div>模拟厂商弹性测算路演，指出中国理论上可以替代的美系厂商模拟IC市场空间约为800亿人民币</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年4月13日</div>
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<div>关税对国产模拟的影响 增量弹性测算新闻发布</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年6月19日</div>
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<div>新闻指出中国本土模拟芯片厂商持续蚕食份额，周期复苏路径仍不明朗</div>
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</div>
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<div class="timeline-item">
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<div class="timeline-date">2025年7月-8月</div>
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<div>墨脱弹性测算、环卫机器人弹性测算等新闻发布</div>
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</div>
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</div>
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</section>
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<!-- Core Viewpoints -->
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<section class="mb-5">
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<h2 class="section-title">核心观点摘要</h2>
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<div class="card">
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<div class="card-body">
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<p class="mb-3">模拟厂商弹性测算概念正处于政策驱动与周期复苏叠加的关键阶段，核心驱动力来自国产替代加速与反倾销政策利好，同时行业周期性复苏迹象初现。尽管短期内高库存与需求疲软仍是挑战，但长期来看，中国模拟芯片厂商在汽车电子、工业控制等高增长领域的市场份额提升与盈利能力改善将带来显著业绩弹性。</p>
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<div class="row">
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<i class="bi bi-shield-check industry-icon me-3"></i>
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<div>
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<h5 class="mb-1">政策驱动</h5>
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<p class="mb-0 small">反倾销调查与国产化要求加速替代进程</p>
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</div>
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</div>
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</div>
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<i class="bi bi-graph-up-arrow industry-icon me-3"></i>
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<div>
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<h5 class="mb-1">国产替代</h5>
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<p class="mb-0 small">中国模拟IC全球市占率仅11%，替代空间巨大</p>
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</div>
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</div>
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</div>
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<div class="col-md-4 mb-3">
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<div class="d-flex align-items-center">
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<i class="bi bi-car-front industry-icon me-3"></i>
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<div>
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<h5 class="mb-1">下游增长</h5>
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<p class="mb-0 small">汽车电子与工业控制带动需求提升</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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</section>
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<!-- Core Logic -->
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<section class="mb-5">
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<h2 class="section-title">核心逻辑与市场认知</h2>
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<ul class="nav nav-pills mb-4" id="logicTab" role="tablist">
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<li class="nav-item" role="presentation">
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<button class="nav-link active" id="drivers-tab" data-bs-toggle="pill" data-bs-target="#drivers" type="button" role="tab">核心驱动力</button>
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</li>
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<li class="nav-item" role="presentation">
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<button class="nav-link" id="market-tab" data-bs-toggle="pill" data-bs-target="#market" type="button" role="tab">市场热度</button>
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</li>
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<li class="nav-item" role="presentation">
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<button class="nav-link" id="expectation-tab" data-bs-toggle="pill" data-bs-target="#expectation" type="button" role="tab">预期差分析</button>
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</li>
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</ul>
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<div class="tab-content" id="logicTabContent">
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<div class="tab-pane fade show active" id="drivers" role="tabpanel">
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<div class="card">
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<div class="card-body">
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<h5 class="card-title mb-3">政策驱动</h5>
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<ul>
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<li>商务部对成熟芯片反倾销进行调查，利好一季度业绩优良的模拟板块</li>
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<li>工信部要求整车企业到2025年国产化单位芯片比例达到10%，总量达到20%</li>
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<li>美国和中国加征关税及反制措施有利于中国模拟IC芯片的价格吸引力</li>
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</ul>
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<h5 class="card-title mb-3 mt-4">国产替代加速</h5>
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<ul>
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<li>中国本土模拟芯片厂商持续蚕食份额，TI在华份额降至9%</li>
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<li>中国理论上可以替代的美系厂商模拟IC市场空间约为800亿人民币</li>
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</ul>
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<h5 class="card-title mb-3 mt-4">下游应用增长</h5>
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<ul>
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<li>汽车电子：2024年汽车收入占比首次超过手机，单车芯片数量从440颗增长到1400-2000颗</li>
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<li>工业控制：储能、新能源、家装、家电、安防摄像头等有恢复趋势</li>
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<li>服务器和数据中心：带动核心电源应用增长</li>
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</ul>
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</div>
|
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</div>
|
||
</div>
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<div class="tab-pane fade" id="market" role="tabpanel">
|
||
<div class="card">
|
||
<div class="card-body">
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||
<h5 class="card-title mb-3">市场关注度</h5>
|
||
<p>从2024年11月至2025年8月，关于各类"弹性测算"的新闻频繁发布，显示市场对这一概念的关注度较高。路演报告密集发布，特别是在2025年3月，有两场关于模拟厂商弹性测算的路演，表明机构投资者对此概念高度关注。</p>
|
||
|
||
<h5 class="card-title mb-3 mt-4">市场情绪</h5>
|
||
<div class="row">
|
||
<div class="col-md-6">
|
||
<h6 class="text-success">乐观因素</h6>
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||
<ul>
|
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<li>政策利好</li>
|
||
<li>国产替代加速</li>
|
||
<li>下游应用增长</li>
|
||
<li>行业周期性复苏迹象</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6">
|
||
<h6 class="text-warning">谨慎因素</h6>
|
||
<ul>
|
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<li>高库存水平（中国Fabless企业1Q25库存高达187天）</li>
|
||
<li>需求恢复迟缓</li>
|
||
<li>中美PMI数据疲软</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="tab-pane fade" id="expectation" role="tabpanel">
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<h5 class="card-title mb-3">市场共识</h5>
|
||
<ul>
|
||
<li>普遍认为国产替代是长期趋势，政策支持将加速这一进程</li>
|
||
<li>认可汽车电子和工业控制是未来增长的主要驱动力</li>
|
||
<li>期待行业周期性复苏带来业绩改善</li>
|
||
</ul>
|
||
|
||
<h5 class="card-title mb-3 mt-4">潜在预期差</h5>
|
||
<div class="alert alert-warning" role="alert">
|
||
<i class="bi bi-exclamation-triangle me-2"></i>
|
||
<strong>复苏速度：</strong>市场可能低估了高库存对行业复苏的压制作用，复苏可能比预期更慢
|
||
</div>
|
||
<div class="alert alert-warning" role="alert">
|
||
<i class="bi bi-exclamation-triangle me-2"></i>
|
||
<strong>价格竞争：</strong>TI新建工厂投入正式生产，产量增加"非常巨大"，可能引发新一轮价格战
|
||
</div>
|
||
<div class="alert alert-warning" role="alert">
|
||
<i class="bi bi-exclamation-triangle me-2"></i>
|
||
<strong>估值弹性：</strong>市场可能低估了政策利好带来的估值弹性，国内厂商估值抬升空间较大
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Catalysts and Development Path -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">催化剂与发展路径</h2>
|
||
<div class="row">
|
||
<div class="col-lg-6 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-primary text-white">
|
||
<h5 class="mb-0">近期催化剂（未来3-6个月）</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li><strong>政策落地：</strong>反倾销调查结果公布，3月11日美国贸易代表对中国传统半导体听证会政策及后续中国反制情况</li>
|
||
<li><strong>行业数据改善：</strong>库存去化进展，需求回暖信号</li>
|
||
<li><strong>公司业绩表现：</strong>一季报业绩，毛利率改善</li>
|
||
<li><strong>下游应用突破：</strong>汽车电子订单，工业控制复苏</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-lg-6 mb-4">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-success text-white">
|
||
<h5 class="mb-0">长期发展路径</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li><strong>国产替代深化：</strong>短期（1-2年）消费电子和一般工业领域加速替代，中期（2-3年）进入汽车电子、工业自动化，长期（3-5年）中国模拟IC全球市占率从11%提升至30%以上</li>
|
||
<li><strong>产品结构升级：</strong>从低端向高端发展，产品线丰富</li>
|
||
<li><strong>盈利能力提升：</strong>规模效应，产品结构优化，价格竞争趋缓</li>
|
||
<li><strong>估值体系转变：</strong>从PS估值向PE估值转变，估值水平提升</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Industry Chain -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">产业链与核心公司</h2>
|
||
<div class="card mb-4">
|
||
<div class="card-body">
|
||
<h5 class="card-title">产业链图谱</h5>
|
||
<div class="row text-center">
|
||
<div class="col-md-4 mb-3">
|
||
<div class="p-3 bg-light rounded">
|
||
<h6 class="text-primary">上游</h6>
|
||
<p class="mb-0 small">晶圆制造、设备材料、IP授权</p>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="p-3 bg-primary text-white rounded">
|
||
<h6>中游</h6>
|
||
<p class="mb-0 small">模拟芯片设计公司</p>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="p-3 bg-light rounded">
|
||
<h6 class="text-primary">下游</h6>
|
||
<p class="mb-0 small">消费电子、汽车电子、工业控制、通信设备、数据中心</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<h5 class="card-title">核心玩家对比</h5>
|
||
<div class="row">
|
||
<div class="col-md-6 mb-3">
|
||
<h6 class="text-primary">国际龙头</h6>
|
||
<div class="mb-3">
|
||
<strong>TI（德州仪器）</strong>
|
||
<ul class="small">
|
||
<li>市占率第一，2024年汽车模拟IC收入占比首次超过工业</li>
|
||
<li>12寸晶圆生产的芯片成本较8寸晶圆降低40%</li>
|
||
<li>在华份额降至9%，新建工厂产量增加"非常巨大"</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<strong>ADI（亚德诺）</strong>
|
||
<ul class="small">
|
||
<li>市占率第二，汽车模拟IC收入从2021年的17%提升至2024年的30%</li>
|
||
<li>约一半收入来自十年以上的产品，拥有超过7.5万个产品</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<h6 class="text-primary">国内厂商</h6>
|
||
<div class="mb-3">
|
||
<strong>圣邦股份</strong>
|
||
<ul class="small">
|
||
<li>工业占比47%，汽车占比7%，消费占比46%</li>
|
||
<li>与手机客户关系紧密，有苹果业务拓展</li>
|
||
<li>收入弹性：95.64%</li>
|
||
</ul>
|
||
</div>
|
||
<div class="mb-3">
|
||
<strong>思瑞浦</strong>
|
||
<ul class="small">
|
||
<li>信号链占比80%，工业占比65%，汽车占比15%</li>
|
||
<li>大客户比重较高，正在拓展隔离产品领域</li>
|
||
<li>收入弹性：129.78%</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<strong>纳芯微</strong>
|
||
<ul class="small">
|
||
<li>汽车和工业占比约90%，三年单车价值量达到3000元</li>
|
||
<li>正在扩展传感产品线</li>
|
||
<li>收入弹性：138.97%</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Risks -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">潜在风险与挑战</h2>
|
||
<div class="row">
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-danger text-white">
|
||
<h5 class="mb-0">技术风险</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li>产品可靠性不足，在安全相关领域尚未获得长期产品认证</li>
|
||
<li>高端产品与国际巨头仍有较大差距</li>
|
||
<li>研发投入不足，限制长期竞争力</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-warning text-dark">
|
||
<h5 class="mb-0">商业化风险</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li>价格竞争加剧，TI新建工厂可能引发新一轮价格战</li>
|
||
<li>需求恢复不及预期，库存高达187天</li>
|
||
<li>客户认证周期长，延缓国产替代进程</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card h-100">
|
||
<div class="card-header bg-info text-white">
|
||
<h5 class="mb-0">政策与竞争风险</h5>
|
||
</div>
|
||
<div class="card-body">
|
||
<ul>
|
||
<li>政策落地可能不及预期</li>
|
||
<li>国际贸易环境可能进一步恶化</li>
|
||
<li>国内厂商同质化竞争严重，可能导致价格战</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Investment Insights -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">投资启示</h2>
|
||
<div class="card">
|
||
<div class="card-body">
|
||
<h5 class="card-title">综合结论</h5>
|
||
<p class="mb-4">模拟厂商弹性测算概念正处于政策驱动与周期复苏叠加的关键阶段，目前仍处于主题炒作向基本面驱动过渡的阶段。虽然政策利好和国产替代趋势明确，但短期内高库存与需求疲软仍是挑战，行业复苏可能比预期更慢。长期来看，中国模拟芯片厂商在汽车电子、工业控制等高增长领域的市场份额提升与盈利能力改善将带来显著业绩弹性，但这一过程可能需要2-3年时间。</p>
|
||
|
||
<h5 class="card-title">最具投资价值的细分方向</h5>
|
||
<div class="row mb-4">
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card border-primary">
|
||
<div class="card-body text-center">
|
||
<i class="bi bi-car-front-fill industry-icon"></i>
|
||
<h6>汽车电子模拟芯片</h6>
|
||
<p class="small mb-0">单车模拟IC价值量预计2027年达到300美元</p>
|
||
<span class="badge badge-custom bg-primary mt-2">纳芯微、思瑞浦</span>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card border-success">
|
||
<div class="card-body text-center">
|
||
<i class="bi bi-gear industry-icon"></i>
|
||
<h6>工业控制模拟芯片</h6>
|
||
<p class="small mb-0">储能、新能源等领域需求恢复</p>
|
||
<span class="badge badge-custom bg-success mt-2">思瑞浦、圣邦股份</span>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
<div class="col-md-4 mb-3">
|
||
<div class="card border-warning">
|
||
<div class="card-body text-center">
|
||
<i class="bi bi-cpu industry-icon"></i>
|
||
<h6>信号链模拟芯片</h6>
|
||
<p class="small mb-0">技术门槛高，竞争格局好</p>
|
||
<span class="badge badge-custom bg-warning mt-2">思瑞浦、纳芯微</span>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<h5 class="card-title">需要重点跟踪的关键指标</h5>
|
||
<div class="row">
|
||
<div class="col-md-6 mb-3">
|
||
<ul>
|
||
<li><strong>库存水平：</strong>中国Fabless企业库存天数从187天高位开始下降的程度</li>
|
||
<li><strong>毛利率变化：</strong>反映价格竞争态势和盈利能力改善情况</li>
|
||
<li><strong>订单情况：</strong>特别是汽车电子和工业控制领域的订单情况</li>
|
||
</ul>
|
||
</div>
|
||
<div class="col-md-6 mb-3">
|
||
<ul>
|
||
<li><strong>政策落地：</strong>反倾销调查结果和具体措施</li>
|
||
<li><strong>TI策略：</strong>价格策略和市场份额变化</li>
|
||
<li><strong>产品认证进展：</strong>在高可靠性要求领域的认证进展</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Data Table -->
|
||
<section class="mb-5">
|
||
<h2 class="section-title">股票数据详情</h2>
|
||
<div class="table-responsive">
|
||
<table class="table table-striped table-hover">
|
||
<thead>
|
||
<tr>
|
||
<th>公司名称</th>
|
||
<th>营收</th>
|
||
<th>经营模式</th>
|
||
<th>中国区占比</th>
|
||
<th>美国产能占比</th>
|
||
<th>中国区主要业务</th>
|
||
<th>受影响营收</th>
|
||
<th>收入弹性</th>
|
||
<th>备注</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="highlight-row">
|
||
<td><strong>TI</strong></td>
|
||
<td>182.75亿美元</td>
|
||
<td>IDM</td>
|
||
<td>19%</td>
|
||
<td>80%</td>
|
||
<td>汽车占比40%，工业占比35%</td>
|
||
<td>34.72亿美元</td>
|
||
<td>-</td>
|
||
<td>汽车和工业业务受反倾销影响</td>
|
||
</tr>
|
||
<tr class="highlight-row">
|
||
<td><strong>ADI</strong></td>
|
||
<td>94.30亿美元</td>
|
||
<td>IDM</td>
|
||
<td>23%</td>
|
||
<td>30%</td>
|
||
<td>汽车+工业共计占比80%</td>
|
||
<td>21.69亿美元</td>
|
||
<td>-</td>
|
||
<td>汽车和工业业务受反倾销影响</td>
|
||
</tr>
|
||
<tr class="highlight-row">
|
||
<td><strong>安森美</strong></td>
|
||
<td>70.80亿美元</td>
|
||
<td>Fabless（自有产能45%）</td>
|
||
<td>26%</td>
|
||
<td>25%</td>
|
||
<td>碳化硅业务占比超过50%</td>
|
||
<td>18.41亿美元</td>
|
||
<td>-</td>
|
||
<td>碳化硅业务受反倾销影响</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>纳芯微</strong></td>
|
||
<td>19.60亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业52%，汽车35%，消费13%</td>
|
||
<td>17.05亿人民币</td>
|
||
<td class="text-success fw-bold">138.97%</td>
|
||
<td>三年单车价值量达到3000元</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>思瑞浦</strong></td>
|
||
<td>12.20亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业65%，汽车15%，消费20%</td>
|
||
<td>9.76亿人民币</td>
|
||
<td class="text-success fw-bold">129.78%</td>
|
||
<td>通信25-30%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>圣邦股份</strong></td>
|
||
<td>26.16亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业47%，汽车7%，消费46%</td>
|
||
<td>14.13亿人民币</td>
|
||
<td class="text-success fw-bold">95.64%</td>
|
||
<td>汽车预计未来3-5年提高到10%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>艾为电子</strong></td>
|
||
<td>29.33亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业32%，汽车3%，消费65%</td>
|
||
<td>8.43亿人民币</td>
|
||
<td class="text-success fw-bold">90.39%</td>
|
||
<td>工业包括AIOT等泛工业，纯工业为工业占比的40%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>帝奥微</strong></td>
|
||
<td>5.26亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业28.8%，汽车0%，消费65.5%</td>
|
||
<td>10.27亿人民币</td>
|
||
<td class="text-success fw-bold">70.69%</td>
|
||
<td>将公共安防计入工业</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>芯海科技</strong></td>
|
||
<td>7.02亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业20%，汽车5%，消费75%</td>
|
||
<td>4.66亿人民币</td>
|
||
<td class="text-success fw-bold">65.44%</td>
|
||
<td>车规MCU BMS</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>晶丰明源</strong></td>
|
||
<td>15.04亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业28%，汽车3%，消费69%</td>
|
||
<td>1.52亿人民币</td>
|
||
<td class="text-success fw-bold">62.55%</td>
|
||
<td>电机驱动和高性能计算都计入工业</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>杰华特</strong></td>
|
||
<td>16.86亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业45%，汽车5%，消费37%</td>
|
||
<td>1.76亿人民币</td>
|
||
<td class="text-success fw-bold">57.56%</td>
|
||
<td>计算10-15% 通信30%</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>芯朋微</strong></td>
|
||
<td>9.65亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业17%，汽车-，消费83%</td>
|
||
<td>1.34亿人民币</td>
|
||
<td class="text-success fw-bold">47.05%</td>
|
||
<td>重点布局光储充等新工业领域</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>力芯微</strong></td>
|
||
<td>7.87亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业15%，汽车2%，消费75%</td>
|
||
<td>1.64亿人民币</td>
|
||
<td class="text-success fw-bold">47.05%</td>
|
||
<td>-</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>南芯科技</strong></td>
|
||
<td>25.67亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业13.5%，汽车2.5%，消费71%</td>
|
||
<td>4.11亿人民币</td>
|
||
<td class="text-success fw-bold">45.74%</td>
|
||
<td>智慧能源计入工业</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>希荻微</strong></td>
|
||
<td>5.45亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业3%，汽车2%，消费95%</td>
|
||
<td>0.27亿人民币</td>
|
||
<td class="text-success fw-bold">31.29%</td>
|
||
<td>主要以消费电子为主</td>
|
||
</tr>
|
||
<tr>
|
||
<td><strong>美芯晟</strong></td>
|
||
<td>4.04亿人民币</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>工业0%，汽车0%，消费100%</td>
|
||
<td>0.00亿人民币</td>
|
||
<td class="text-success fw-bold">24.73%</td>
|
||
<td>光学传感进入扫地机器人</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
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||
</div>
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<footer class="bg-light py-4 mt-5">
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<div class="container">
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<div class="row">
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<div class="col-md-6">
|
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<p class="mb-0">© 2025 模拟厂商弹性测算分析报告</p>
|
||
</div>
|
||
<div class="col-md-6 text-md-end">
|
||
<p class="mb-0">数据来源：公开市场信息</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</footer>
|
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<script src="https://cdn.jsdelivr.net/npm/bootstrap@5.3.0/dist/js/bootstrap.bundle.min.js"></script>
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// 添加表格排序功能
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const table = document.querySelector('table');
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const headers = table.querySelectorAll('th');
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||
if (index > 0) { // 跳过第一列（公司名称）
|
||
header.style.cursor = 'pointer';
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||
header.addEventListener('click', () => {
|
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sortTable(index);
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});
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}
|
||
});
|
||
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function sortTable(columnIndex) {
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const tbody = table.querySelector('tbody');
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rows.sort((a, b) => {
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const aValue = a.cells[columnIndex].textContent.trim();
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const bValue = b.cells[columnIndex].textContent.trim();
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|
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|
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document.querySelectorAll('section').forEach(section => {
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section.style.opacity = '0';
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