A股异动丨三星“失望”分红引爆连锁反应,A股存储股连续第二日集体下跌

中金财经
6 hours ago

  在美韩存储股的集体下跌拖累下,A股市场存储芯片股延续昨日跌势,今日继续下跌。其中,臻宝科技江丰电子盈方微跌超8%,有研硅跌7%,正帆科技雅克科技先导基电跌超6%,北方华创华虹宏力德明利中微公司跌超3%。   分析人士指出,存储股这轮下跌最直接的触发因素,是三星电子在8月21日公布的股东回报计划。虽然计划回馈金额高达110万亿韩元(约800亿美元),但具体细节令市场失望:第三季度分红规模低于预期、未宣布股票回购计划、股东回报率维持50%不变。作为行业龙头,三星电子的这份“成绩单”未能带来惊喜,反而触发了投资者对整个存储板块的失望情绪和抛售。   另外,在三星消息公布之前,存储芯片股已经因前期巨大的涨幅而处于高位。市场开始重新审视其基本面,主要担忧两点:   业绩“超预期”难度加大:尽管SK海力士等公司业绩创下新高,但部分关键指标(如HBM交付节奏、营业利润)未达市场最乐观预期,引发了“利好出尽”式的获利回吐。   巨额资本开支的担忧:SK海力士和美光等巨头为扩大产能,计划投入创纪录的资本开支。市场开始担心,这种“军备竞赛”式的投入何时能转化为可持续利润,高昂的投入成本正在侵蚀未来的盈利预期。          

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