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1、 -20%0%20%40%60%80%100%120%05,00010,00015,00020,00025,00030,0002017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1营收（亿元）yoy-40%-20%0%20%40%60%80%100%02004006008001,0001,2001,4001,6002017 2018 2019 2020 2021 18H119H120H121H122H1归母净利润（亿元）yoy0572002118H1 19H1 20H1 21H1 22H1毛利率（%）净利率

2、（%）051015202517Q117Q217Q317Q418Q118Q218Q318Q419Q119Q219Q319Q420Q120Q220Q320Q421Q121Q221Q321Q422Q122Q2毛利率（%）净利率（%）0204060801001202017 2018 2019 2020 2021 18H119H120H121H122H1应收账款周转天数(天）存货周转天数（天）-50%0%50%100%150%200%250%300%350%05001,0001,5002,0002,5003,0002018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1经

3、营活动产生的现金流量净额（亿元）yoy0.000.501.001.502.002.503.003.504.002002118H1 19H1 20H1 21H1 22H1净现比603501.SH300327.SZ600703.SH002371.SZ002475.SZ002273.SZ000050.SZA603986.SH600171.SH600460.SH300054.SZ002179.SZ002036.SZ688055.SH688099.SH688536.SH600745.SH300604.SZ002025.SZ688048.SH300088.SZ300373.SZ300

4、474.SZ688396.SH300666.SZ300679.SZ688167.SH003019.SZ300223.SZ300077.SZ605358.SH688800.SH603297.SH300939.SZ002049.SZ688052.SH600584.SH688012.SH605333.SH300790.SZ300928.SZ300782.SZ688368.SH002156.SZ688019.SH605005.SH002222.SZ300752.SZ688008.SH688608.SH002185.SZ688037.SH002055.SZ688127.SH605218.SH603160

5、.SH688601.SH601231.SH688072.SH-U688668.SH605118.SH688385.SH688259.SH688082.SH002897.SZ688079.SH300661.SZ688508.SH300373.SZ688126.SH-U300351.SZ300552.SZ688798.SH688798.SH688173.SH300623.SZ688200.SH300843.SZ688010.SH688153.SH-U603893.SH688595.SH600360.SH688233.SH603633.SH300691.SZ300782.SZ300613.SZ688

6、256.SH-U600460.SH688234.SH688195.SH300672.SZ603290.SH605111.SH688187.SH688261.SH688396.SH-40%-30%-20%-10%0%10%20%30%40%50%05001,0001,5002,0002,5003,0002017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1营收（亿元）yoy-20%-10%0%10%20%30%40%50%60%70%050020020202118H1 19H1 20H1 21H1 22H1归

7、母净利润（亿元）yoy0572002118H1 19H1 20H1 21H1 22H1毛利率（%）净利率（%）0510152025毛利率（%）净利率（%）0204060800021 18H119H120H121H122H1应收账款周转天数(天）存货周转天数（天）-100%-50%0%50%100%150%200%05003002018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1经营活动产生的现金流量净额（亿元）yoy0.000.501.001.502

8、.002.503.003.504.002002118H119H120H121H122H1净现比-50%0%50%100%150%200%250%02,0004,0006,0008,00010,00012,0002017 2018 2019 2020 2021 18H119H120H121H122H1营收（亿元）yoy-50%0%50%100%150%200%250%005006007008002017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1归母净利润（亿元）yoy05720182

9、08H1 19H1 20H1 21H1 22H1毛利率（%）净利率（%）057Q117Q217Q317Q418Q118Q218Q318Q419Q119Q219Q319Q420Q120Q220Q320Q421Q121Q221Q321Q422Q122Q2毛利率（%）净利率（%）020406080100120应收账款周转天数(天）存货周转天数（天）-100%0%100%200%300%400%500%005006007008009002018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1经营活动产生的

10、现金流量净额（亿元）yoy0.000.501.001.502.002.503.003.504.002002118H119H120H121H122H1净现比0%5%10%15%20%25%30%35%40%45%50%05003003502017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1营收（亿元）yoy-30%-20%-10%0%10%20%30%40%50%60%70%05017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1归母净利润（

11、亿元）yoy0552017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1毛利率（%）净利率（%）(5)05517Q117Q217Q317Q418Q118Q218Q318Q419Q119Q219Q319Q420Q120Q220Q320Q421Q121Q221Q321Q422Q122Q2毛利率（%）净利率（%）0204060801001202017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1应收账款周转天数(天）存货周转天数（天）0%50%100%150%200%2

12、50%300%0552002118H119H120H121H122H1经营活动产生的现金流量净额（亿元）yoy0.000.501.001.502.002.502002118H119H120H121H122H1净现比-20%-10%0%10%20%30%40%50%60%70%80%01,0002,0003,0004,0005,0006,0007,0008,0002017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1营收（亿元）yoy-200%-100%0%100%200%300%400

13、%500%600%05003003504004502017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1归母净利润（亿元）yoy(5)0572002118H1 19H1 20H1 21H1 22H1毛利率（%）净利率（%）(15)(10)(5)057Q117Q217Q317Q418Q118Q218Q318Q419Q119Q219Q319Q420Q120Q220Q320Q421Q121Q221Q321Q422Q122Q2毛利率（%）净利率（%）01020304050

14、60708090208H1 19H1 20H1 21H1 22H1应收账款周转天数(天）存货周转天数（天）-50%0%50%100%150%200%250%300%02004006008001,0001,2001,4002002118H119H120H121H122H1经营活动产生的现金流量净额（亿元）yoy0.005.0010.0015.0020.0025.0030.0035.002002118H1 19H1 20H1 21H1 22H1净现比-100%-50%0%50%100%150%200%250%3

15、00%350%400%05001,0001,5002,0002,5003,0003,5004,0004,5005,0002017 2018 2019 2020 2021 18H119H120H121H122H1营收（亿元）yoy-250%-200%-150%-100%-50%0%50%100%150%-80-60-40-200204060801002017 2018 2019 2020 2021 18H1 19H1 20H1 21H1 22H1归母净利润（亿元）yoy(10)(5)050020202118H1 19H1 20H1 21H1 22H1毛

16、利率（%）净利率（%）(15)(10)(5)051015202530毛利率（%）净利率（%）02040608001802017 2018 2019 2020 202118H1 19H1 20H1 21H1 22H1应收账款周转天数(天）存货周转天数（天）-300%-250%-200%-150%-100%-50%0%50%100%150%(150)(100)(50)05002018 2019 2020 202118H1 19H1 20H1 21H1 22H1经营活动产生的现金流量净额（亿元）yoy-5.00-4.00-3.00-2.00-1.000.0

17、01.002.003.004.005.002002118H119H120H121H122H1净现比0%5%10%15%20%25%30%35%40%45%05001,0001,5002,0002,5003,0002002118H119H120H121H122H1营收（亿元）yoy0%5%10%15%20%25%30%35%40%45%50%02040608002020202118H119H120H121H122H1归母净利润（亿元）yoy0%5%10%15%20%25%2002118H

18、119H120H121H122H1毛利率净利率0%5%10%15%20%25%20Q120Q220Q320Q421Q121Q221Q321Q422Q122Q2毛利率净利率-100%-50%0%50%100%150%200%250%300%350%400%450%05002002118H1 19H1 20H1 21H1 22H1经营性现金流（亿元）yoy00.20.40.60.811.21.41.61.822002118H119H120H121H122H1净现比020406080020202119H120H1

19、21H122H1应收账款周转天数存货周转天数0%20%40%60%80%100%120%05003003504004505002018 2019 2020 202118H1 19H1 20H1 21H1 22H1营业收入（亿元）yoy-50%0%50%100%150%200%007080902002118H119H120H121H122H1归母净利润（亿元）yoy-50%0%50%100%150%200%250%300%02040608008H1 19H1 20H1 21H1 22H1

20、营业收入（亿元）yoy-50%0%50%100%150%200%250%300%350%400%450%058 2019 2020 2021 18H1 19H1 20H1 21H1 22H1归母净利润（亿元）yoy-40%-20%0%20%40%60%80%100%005006007008009002002118H119H120H121H122H1营收（亿元）yoy-40%-20%0%20%40%60%80%100%120%007080902002119H120H121H122H1归母

21、净利润（亿元）yoy-5%0%5%10%15%20%25%30%35%02004006008008208H119H120H121H122H1营收（亿元）yoy-150%-100%-50%0%50%100%150%200%0070802002118H119H120H121H122H1归母净利润（亿元）yoy-100%-50%0%50%100%150%200%250%300%350%00韦尔股份兆易创新晶晨股份北京君正紫光国微扬杰科技富瀚微澜起科技汇顶科技复旦微电国科微卓胜微圣邦股份艾为电

22、子瑞芯微纳芯微上海贝岭国民技术思瑞浦创耀科技恒玄科技晶丰明源芯朋微力芯微芯海科技希荻微中颖电子景嘉微寒武纪-U22Q222Q2yoy22H1yoy-6-5-4-3-2-10123-6-4-20246810121416韦尔股份兆易创新晶晨股份北京君正紫光国微扬杰科技富瀚微澜起科技汇顶科技复旦微电国科微卓胜微圣邦股份艾为电子瑞芯微纳芯微上海贝岭国民技术思瑞浦创耀科技恒玄科技晶丰明源芯朋微力芯微芯海科技希荻微中颖电子景嘉微寒武纪-U22Q222Q2yoy22H1yoy-60%-40%-20%0%20%40%60%80%100%0246817Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18

23、Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2半导体设计行业库存月数yoyqoq22H1营收（亿元）同比22Q2营收（亿元）同比环比22H1归母净利润（亿元）同比22Q2归母净利润（亿元）同比环比净利率北方华创54.4 51%33.1 51%55%7.5 143%5.5 131%166%14%长川科技11.9 77%6.5 72%21%2.5 174%1.7 286%145%21%中微公司19.7 47%10.2 39%8%4.7 18%3.5 35%199%24%芯源微5.0 44%3

24、.2 35%74%0.7 98%0.4 30%14%14%拓荆科技-U5.2 365%4.2 658%287%1.1-640%1.2-1337%-1110%21%盛美上海11.0 75%7.4 112%110%2.4 164%2.3 347%5288%22%华峰测控5.4 67%2.8 35%9%2.7 82%1.5 22%21%50%22H1营收（亿元）同比22Q2营收同比环比22H1归母净利润（亿元）同比22Q2归母净利润（亿元）同比环比净利率鼎龙股份13.1 20%7.4 29%30%1.9 113%1.2 128%72%15%江丰电子10.9 50%6.0 47%22%1.6 156%

25、1.2 183%265%14%立昂微15.6 52%8.1 43%7%5.0 141%2.7 99%11%32%安集科技5.0 78%2.7 65%16%1.3 76%0.9 24%120%25%沪硅产业-U16.5 47%8.6 46%9%0.6-48%0.7-27%-563%3%神工股份2.6 29%1.2 1%-14%0.9-9%0.4-33%-18%34%天岳先进1.6-35%0.9-23%38%-0.7-252%-0.3-221%-34%-45%0.010.020.030.040.050.060.0201920H1202021H1202122H1鼎龙股份江丰电子立昂微安集科技沪硅产业

26、-U(20.0)(10.0)0.010.020.030.040.0201920H1202021H1202122H1鼎龙股份江丰电子立昂微安集科技沪硅产业-U-20-5060700554045502017 2018 2019 2020 2021 17H118H119H120H121H122H1营收（亿元，左轴）YOY（%，右轴）-40-200204060800.001.002.003.004.005.006.007.008.009.002017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1归母净利润

27、（亿元，左轴）YOY（%，右轴）-40-2002040608000702017 2018 2019 2020 2021 17H118H119H120H121H122H1营收（亿元，左轴）YOY（%，右轴）-60-40-2002040608052025200202021 17H118H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）-60-40-200204060800246802017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22

28、H1营收（亿元，左轴）YOY（%，右轴）-0200017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1归母净利润（亿元，左轴）YOY（%，右轴）-5005002017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-40-2002040608025302017 2018 2019 2020 2021 17H1 18H1 19H1 20H1

29、21H1 22H1归母净利润（亿元，左轴）YOY（%，右轴）-40-2002040608025302017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1归母净利润（亿元，左轴）YOY（%，右轴）0070800 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-40-20020406080004005006007008009002017 2018 2019 2020 20

30、21 17H118H119H120H121H122H1营收（亿元，左轴）YOY（%，右轴）-00554045归母净利润（亿元，左轴）YOY（%，右轴）00708090020040060080007 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-5060708090007080归母净利润（亿元，左轴）YOY（%，右轴）0204060801001201

31、4002002503003502017 2018 2019 2020 2021 17H118H119H120H121H122H1营收（亿元，左轴）YOY（%，右轴）-500500300024680200202021 17H118H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）-5055404505003003502017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴

32、）YOY（%，右轴）-40-2002040608052017 2018 2019 2020 2021 17H118H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）02040608056789102017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-5005003000.000.200.400.600.801.001.201.402017 2018 2019 2020 2021 17H11

33、8H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）007080007080902017 2018 2019 2020 2021 17H118H119H120H121H122H1营收（亿港元，左轴）YOY（%，右轴）-004005000.000.501.001.502.002.503.003.50归母净利润（亿港元，左轴）YOY（%，右轴）0070809002468017 2018 2019 2020 2021 19H1 20H1 21H1 22H1营收（亿

34、元，左轴）YOY（%，右轴）02040608000020202119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）-10-5054060800200H121H122H1营收（亿元，左轴）YOY（%，右轴）-25-20-15-10-50550020202117H118H119H1归母净利润（亿元，左轴）YOY（%，右轴）0070809

35、00506070802017 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-5000500025000246810121416归母净利润（亿元，左轴）YOY（%，右轴）-20-5060708090024687 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-02002500.00.51.01.52.02.

36、53.03.54.04.5归母净利润（亿元，左轴）YOY（%，右轴）-50.000.0050.00100.00150.00200.00250.000.005.0010.0015.0020.0025.0030.0035.0040.002002121H122H1营收（亿元，左轴）YOY（%，右轴）-300400500600-1.00-0.80-0.60-0.40-0.200.000.200.402002121H122H1归母净利润（亿元，左轴）YOY（%，右轴）0070020406080100120201

37、7 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）02040608000246810122017 2018 2019 2020 2021 17H118H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）-500500024687 2018 2019 2020 2021 17H118H119H120H121H122H1营收（亿元，左轴）YOY（%，右轴）-500050002500011223320

38、17 2018 2019 2020 2021 17H118H119H120H121H122H1归母净利润（亿元，左轴）YOY（%，右轴）00024681012141618营收（亿元，左轴）YOY（%，右轴）-02002500.000.200.400.600.801.001.201.401.601.80归母净利润（亿元，左轴）YOY（%，右轴）-40-30-20-506070057 2018 2019 2020 2021 17H1 18H1 19H1 20H1 21H1 22H1营收（亿元，左轴）YOY（%，右轴）-700-600-500-400-300-300-2-101234归母净利润（亿元，左轴）YOY（%，右轴）