摩根大通发布研报称中芯国际(00981.HK)毛利率持续承压维持该股“减持”评级目标价由32港元上调至36港元随着公司继

智通财经2025-08-12

摩根大通发布研报称中芯国际(00981.HK)毛利率持续承压维持该股“减持”评级目标价由32港元上调至36港元随着公司继续扩大28纳米及以下晶圆产能未来2-3年资本支出可能仍将保持高位该行估计为70亿至75亿美元。短期内该行认为2025年第四季库存去化和CIS市场竞争加剧可能会抑制利润率和平均售价。报告指尽管领先芯片组合有所增加但毛利率疲软且定价持平该行对此保持谨慎。该行调整预期以反映库存去化导致...

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