中邮证券研报指出,中芯国际产业链切换迭代效应持续,25Q4淡季不淡。公司凭借在BCD、模拟、存储、MCU、中高端显示驱动等细分领域中的技术储备与领先优势、客户的产品布局,加速验证并扩产上量。26年资本开支保持高位,营收增幅指引乐观。公司给出的2026Q1指引为:销售收入环比持平,毛利率在18%-20%之间。在外部环境无重大变化的前提下,公司给出的2026年指引为:销售收入增幅高于可比同业的平均值,...
Source Link中邮证券研报指出,中芯国际产业链切换迭代效应持续,25Q4淡季不淡。公司凭借在BCD、模拟、存储、MCU、中高端显示驱动等细分领域中的技术储备与领先优势、客户的产品布局,加速验证并扩产上量。26年资本开支保持高位,营收增幅指引乐观。公司给出的2026Q1指引为:销售收入环比持平,毛利率在18%-20%之间。在外部环境无重大变化的前提下,公司给出的2026年指引为:销售收入增幅高于可比同业的平均值,...
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