Core Viewpoint - 建溢集团 (HK00638) is focusing on expanding its market presence and enhancing operational efficiency to drive growth in a competitive landscape [1] Group 1: Company Performance - The company reported a revenue increase of 15% year-on-year, reaching HKD 1.2 billion in the last fiscal year [1] - Net profit rose by 20%, amounting to HKD 300 million, reflecting improved cost management and operational efficiencies [1] - The company plans to invest HKD 200 million in technology upgrades to streamline operations and reduce costs [1] Group 2: Market Strategy - 建溢集团 aims to penetrate new markets in Southeast Asia, targeting a 10% market share within the next three years [1] - The company is enhancing its product offerings to include more sustainable options, responding to increasing consumer demand for eco-friendly products [1] - Strategic partnerships with local distributors are being established to facilitate market entry and expand distribution channels [1] Group 3: Future Outlook - The management anticipates a continued growth trajectory, projecting a revenue increase of 12% for the upcoming fiscal year [1] - The company is exploring potential mergers and acquisitions to accelerate growth and diversify its portfolio [1] - Ongoing investments in research and development are expected to yield innovative products that align with market trends [1]

来源：中金在线香港 美股持续造好刺激港股再创22个月新高，恒指昨收报25,391点，上升216点或0.9%，成交金额818.5亿元。科网股继续 成为市场焦点，一方面股王騰訊(00700.HK)曾高见276.8元，再创上市后新高，收市弹升2.6%；另一方面，沽空机构 Blazing Research狙击科通芯城(00400.HK)，后者午后急泻22%后停牌，收报7.8元。 建溢主要经营以研发为基础的电器及电子产品，以及摩打製造业务。上半财年来自电器及电子产品业务收入按年上升 0.3%至8.71亿元，佔比约七成；摩打业务收入则升7.2%至3.79亿元，佔比约三成。期内收入总额增加2.2%至12.5亿 元，纯利上升69.7%至7,076万元；并派发中期息及特别股息合共0.2元，相当慷慨。 物联网新产品面世 由于建溢持续整合资源，淘汰低效益的设施，并转型至机械人生产及製造，成功提升产品组合的科技含量和及附加价 值，因此成为集团业绩得以扭转为盈的关键。在机械人生产的基础上，建溢亦已拓展新的物联网(IoT)产品系列，包括 能连接智能手机及虚拟现实/扩增实境技术。 物联网产品已于上半财年投产及付运，而下半财年则有数款新装置 ...

建溢上年度收益按年上升6.7%至24.72亿元，主要来自电器、电子产品及摩打製造和销售业务。期内毛利增加27.6%至 3.68亿元，毛利率由12.4%提升2.5个百分点至14.9%，反映盈利能力改善。事实上，作为一家具有三十五年历史的电子 及机械生产企业，建溢因应市场变化，成功将业务发展方向逐步转移到近年炙手可热的人工智能及物联网领域。 大力投资物联网 现时建溢的电子产品业务主要从事四项产品的研发及生产，包括机械人与人工智能技 来源：中金在线香港特约 术、物联网应用、高科技玩具，以及小型家电等。集团于深圳、始兴、韶关及其他东南亚地区设有研发及生产平台。 集团研发的智能吸尘机械人产品，持续渗透内地及多个海外市场，成为去年业绩扭亏的关键。集团正将机械人产品线 从家用扩展至其他终端市场，料新产品可于本年度带来收入贡献。 港股连续两日受压后，于期指结算日大挟淡仓，加上细价股股灾负面情绪持续消散，恒指昨日一举收复10天及20天 线，上升281点或1.1%，报25,965点，成交金额808.82亿元。英伦银行计画在未来数月讨论加息，刺激英镑急升，两家 英资银行跑出，滙控(00005.HK)股价创逾两年高，收市急升6.3% ...

半年业绩相当不俗 绩优股继续成为市场焦点，主要从事产销摩打及房地产发展的建溢集團(00638.HK)，公佈截至今年9月底止半年业 绩，收益按年增长18%至14.75亿元，纯利上升15.7%至8,183.8万元，每股盈利0.1893元。收入与纯利录得显著增长， 主要由于来自电器与电子产品及摩打方面的收益，分别较去年同期增长16.9%及20.5%。 来源：中金在线香港特约 港股于昨日期指结算日反覆偏软，并于10天线争持。恒指昨日收报29,623点，下跌57点或0.2%，成交金额1,096.25亿 元。瑞信发表报告，给予内房行业「增持」评级，对内地首50大城市楼市持结构性正面看法，并上调多股评级和目标 价。内房股普遍造好，其中萬科(02202.HK)抽升5.1%，收报29.85元，而其A股则升停板。 港元息口继续成为市场焦点，与供楼按息相关的港元一个月银行同业拆息(HIBOR)昨日正式升穿1厘，报1.003厘，较 上日升0.04厘，再创九年新高，更连升五个交易日。息口上扬有利本地银行股表现，其中中銀香港(02388.HK)昨日逆 市上升4.6%，收报38.9元，创一个月新高之馀更突破50天线，动能强劲。 已涉足此领 ...

Core Viewpoint - Kin Yat, a leading OEM manufacturer for IROBOT, is experiencing robust growth driven by strong shipment increases and expansion into new markets, particularly in China, Japan, and EMEA [1][2]. Group 1: Company Overview - Kin Yat is the largest supplier to IROBOT, accounting for 70% of its shipments, with IROBOT contributing approximately 50% to Kin Yat's total revenue in the first half of 2018 [1]. - The company has a long-term OEM relationship with IROBOT, which has been established for over 10 years [1]. Group 2: Growth Drivers - Shipment growth is expected to be strong compared to 2.9 million units in FY16, with China being a major growth driver following the opening of a sales office in 3Q16 [2]. - IROBOT plans to launch a new lawn mower product in 2018, which is anticipated to further drive growth for Kin Yat as it co-develops the product [2]. - Kin Yat's Shenzhen plant has a production capacity of 2.5 million units, with a new plant in Guizhou expected to add 2.4 million units of capacity [2]. Group 3: Micro-Motor Segment - The micro-motor segment grew by 20% in the first half of 2018, primarily due to new client orders in the automotive sector, which accounts for 30% of micro-motor sales [3]. - Key clients in the automotive segment include Hyundai, Kia, Subaru, Mitsubishi, and BMW [3]. - Management aims to increase production capacity from 850,000 units per day to 2 million units per day by 2020, anticipating further margin expansion [3]. Group 4: Land Valuation - The company owns three pieces of land in Guangdong province, with the Shenzhen land valued at over RMB 2 billion and the Shaoguan land valued at RMB 75 million [4]. - There are plans to potentially move the plant to Guizhou to free up land for sale in the medium term [4]. - The Shixing land, covering 300 mu, is likely to be co-developed with property developers in the future [4]. Group 5: Valuation and Dividend Policy - Kin Yat is currently trading at a valuation of 5.8x FY18 PE and 4x FY19 PE, which is considered undemanding [5]. - The company has a 30% payout dividend policy, yielding about 5%, with future growth expected from increased micro-motor capacity and IROBOT product sales [5]. - Any potential land sales could provide opportunities for special dividends [5].

Core Viewpoint - The company experienced good revenue growth in FY18, but profits fell short of expectations due to a decline in gross margin and contributions from the manufacturing business [2][3]. Group 1: Company Background - Jianyi Group was listed on the Hong Kong Stock Exchange in 1997, initially focusing on radio-controlled and electronic toys manufacturing [1]. - The company has two main business lines: manufacturing and non-manufacturing, with manufacturing focusing on electrical and electronic products and motors, while non-manufacturing includes real estate development [1]. - Jianyi operates three main production bases in China, located in Guangdong and Guizhou [1]. Group 2: Financial Performance - In FY18, the company's revenue increased by 22.7% to HKD 3.034 billion, up from HKD 2.472 billion in FY17 [2]. - The net profit for FY18 was HKD 149.8 million, a decline of 23.7% from HKD 196.4 million in FY17, primarily due to a 4.8 percentage point drop in gross margin [2]. - The electrical and electronic products business generated revenue of HKD 2.1375 billion, a 23.2% increase from HKD 1.7342 billion in FY17, while the automotive business revenue rose by 21.5% to HKD 896.7 million [2]. Group 3: Market Outlook - Despite the weak FY18 performance, the company is viewed positively due to favorable factors such as the depreciation of the RMB, good order conditions, and ongoing development of new businesses [3]. - The stock price adjustment following the earnings announcement is seen as a buying opportunity, especially given the company's valuation relative to peers like Delta Electronics and Mabuchi Motor [3]. Group 4: Catalysts - Potential catalysts for growth include acquiring new projects, expanding production capacity for standard motors, and recognizing revenue from real estate sales [4].

Core Viewpoint - The company has reached an agreement with a significant client in the robotics floor care sector, leading to the conclusion of service contracts by December 31, 2021, which may impact revenue significantly due to declining business volume from this client [1][2] Group 1: Business Performance - The business volume from the important client peaked at approximately HKD 3.2 billion, accounting for over 70% of the external customer revenue in the fiscal year ending March 31, 2019 [1] - By the fiscal year ending March 31, 2020, the business volume decreased to approximately HKD 2.2 billion, falling below 70% of the external customer revenue [1] - The trend is expected to continue, with further declines anticipated in the fiscal year ending March 31, 2021 [1] Group 2: Reasons for Decline - The decline in business with the important client is attributed to the diversification of the client's procurement orders geographically [1] - Additionally, rising production costs and limited pricing flexibility have resulted in lower gross margins from this client compared to the overall average gross margin of the company [1] Group 3: Strategic Response - The company plans to implement measures to mitigate the potential negative impact of the agreement with the important client [2] - Strategies include expanding the customer base, seeking more business from existing clients, diversifying production facilities geographically, and reallocating production resources to serve other clients [2] - The company is optimistic about future prospects for higher-margin alternative businesses outside the current client relationship [2]

海通国际此前指出，公司AI端侧布局已进入产业落地，公司自主研发并发布了Fibocom AIStack技术平 台，支持不同的芯片平台主流模型的高效推理，推出了相机、玩具、Tracker、MiFi等多品类解决方 案。同时，割草机器人解决方案已实现量产出货，新推出的RTK视觉融合定位方案已与多足机器人领域 头部厂商达成合作。今年，公司拟香港上市，募集资金将继续投向AI模组及机器人等方向，进一步加 快产业布局。 智通财经APP获悉，广和通(00638)反弹近7%，盘中高见18.85港元，较招股价仍低超12%。截至发稿， 涨4.7%，报18.49港元，成交额8175.9万港元。 根据弗若斯特沙利文，公司是全球第二大无线通信模组提供商，公司的全球市场份额为15.4%(以2024年 公司来自持续经营业务的收入计)。在全球无线通信模组市场中，公司在多个下游应用场景的市场份额 排名领先。例如，在智慧家庭和消费电子（如平板、笔记本）领域，公司均拿下全球第一的市占率，尤 其在消费电子领域，市占率高达75.9%；在汽车电子领域，公司位居全球第二，这得益于新能源汽车前 装市场对高可靠性模组需求的爆发。 ...

海通国际此前指出，公司AI端侧布局已进入产业落地，公司自主研发并发布了Fibocom AIStack技术平 台，支持不同的芯片平台主流模型的高效推理，推出了相机、玩具、Tracker、MiFi等多品类解决方 案。同时，割草机器人解决方案已实现量产出货，新推出的RTK视觉融合定位方案已与多足机器人领域 头部厂商达成合作。今年，公司拟香港上市，募集资金将继续投向AI模组及机器人等方向，进一步加 快产业布局。 广和通(00638)反弹近7%，盘中高见18.85港元，较招股价仍低超12%。截至发稿，涨4.7%，报18.49港 元，成交额8175.9万港元。 根据弗若斯特沙利文，公司是全球第二大无线通信模组提供商，公司的全球市场份额为15.4%(以2024年 公司来自持续经营业务的收入计)。在全球无线通信模组市场中，公司在多个下游应用场景的市场份额 排名领先。例如，在智慧家庭和消费电子(如平板、笔记本)领域，公司均拿下全球第一的市占率，尤其 在消费电子领域，市占率高达75.9%；在汽车电子领域，公司位居全球第二，这得益于新能源汽车前装 市场对高可靠性模组需求的爆发。 ...

智通财经APP获悉，截止10月23日收盘，有45只股票创52周新高，其中基地锦标集团(08460)、天津创业 环保股份(01065)、立基工程控股(01690)创高率位于前3位，分别为234.56%、136.88%、80.26%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 基地锦标集团(08460) | 0.250 | 0.455 | 234.56% | | 天津创业环保股份 | 4.880 | 10.020 | 136.88% | | (01065) | | | | | 立基工程控股(01690) | 0.105 | 0.137 | 80.26% | | 世纪联合控股(01959) | 1.380 | 1.380 | 45.26% | | 绿色动力环保(01330) | 5.170 | 7.700 | 43.90% | | 秦港股份(03369) | 2.880 | 4.040 | 38.83% | | 日清食品(01475) | 6.180 | 9.600 | 37.14% | | 嘉华国际(00173) | 2.210 ...