天风证券研报表示，看好政策加持、巨头引领、发布会催化临近背景下，端侧AI相关投资机遇。苹果 近期动态彰显其在端侧AI方面产品创新决心，对使用体验及销量的拉动有超预期的可能，建议关注苹 果产业链。(格隆汇) 港股苹果概念股拉升，其中，鸿腾精密大幅上涨超9%，富智康集团涨4.55%，伟仕佳杰涨3.5%，丘钛科 技、高伟电子涨3%，通达集团涨1%，瑞声科技、舜宇光学、比亚迪电子跟涨。 消息上，韦德布什分析师在研报中表示，苹果新款iPhone的发布可能引发用户换机潮。韦德布什估计， 在全球15亿iPhone用户中，大约有3.15亿用户超过四年未升级手机。这意味着"对苹果来说，换机机会正 在逼近"。分析师指出，苹果对产品内部效率的关注，加上大胆的重新设计与实用的新功能，可能推动 公司在未来12至18个月进入一个"超级换机周期"。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 06088 | 鸡腊精密 | 4.780 | 9.13% | | 02038 | 富智康集团 | 16.540 | 4.55% | | 00856 | 伟仕佳杰 | 10.530 | 3 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高偉電子控股有限公司 呈交日期: 2025年9月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01415 | 說明 | 高偉電子 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.004 | USD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.004 | USD | | 40,000,000 | 本 ...

Core Viewpoint - Apple is planning to launch its first foldable iPhone in 2026 and a foldable iPad in 2028, which is expected to drive growth in the consumer electronics sector [1] Group 1: Stock Performance - Several Apple-related stocks are showing active performance, with notable increases: - Cowin Electronics (01415) up 5.27% to HKD 33.94 - AAC Technologies (02018) up 3.62% to HKD 43.5 - BYD Electronics (00285) up 3.55% to HKD 42.56 - Lens Technology (300433) up 2.73% to HKD 27.08 [1] Group 2: Upcoming Product Launches - Huawei is set to hold a product launch event for its new foldable smartphone, the Mate XTs, today - Apple has officially announced its fall product launch event scheduled for September 10, 2025, at 1 AM Beijing time, where new iPhone, Apple Watch, and AirPods models will be unveiled [1] Group 3: Market Outlook - Guosen Securities indicates that the long-term growth logic in the consumer electronics sector remains solid - The trend of AI innovation is clear, with the implementation of edge AI expected to accelerate the replacement cycle of mobile devices and drive hardware upgrades, suggesting a positive outlook for the sector [1]

Core Viewpoint - The news highlights the strong performance of Apple-related stocks in the Hong Kong market, driven by analyst predictions regarding Apple's upcoming foldable devices, including the iPhone and iPad, which are expected to significantly increase sales volumes in the coming years [1] Group 1: Stock Performance - Most Apple-related stocks in the Hong Kong market showed strong gains, with notable increases: - GoerTek rose by 6% - Lens Technology and BYD Electronics increased by nearly 5% - AAC Technologies rose by 4% - Q Technology increased by 2.6% - Sunny Optical rose by 2% - FIH Mobile saw a slight increase of 0.19% [1] Group 2: Product Launch Plans - Analyst Ming-Chi Kuo revealed that Apple plans to launch its first foldable iPhone in 2026 and a foldable iPad in 2028, both utilizing ultra-thin glass cover solutions supplied exclusively by Corning [1] - The estimated shipment volumes for the foldable iPhone have been revised upwards to 8-10 million units for 2026 and 20-25 million units for 2027, compared to previous estimates of 6-8 million and 10-15 million units respectively [1] - For the foldable iPad, Apple anticipates a higher pricing strategy, with a display area of 18 to 20 inches when unfolded, and an estimated first-year shipment of 500,000 to 1 million units [1]

Group 1 - The core viewpoint of the article highlights the initial rise of Hong Kong-listed Apple concept stocks on September 4, with notable increases in share prices for several companies [1] Group 2 - Lens Technology saw a nearly 6% increase in its stock price [1] - GoerTek experienced a rise of over 5% in its stock price [1] - AAC Technologies and BYD Electronics both recorded stock price increases of over 3% [1]

Group 1 - Apple concept stocks are mostly active, with notable increases in share prices: High伟电子 up 5.27% to HKD 33.94, 瑞声科技 up 3.62% to HKD 43.5, 比亚迪电子 up 3.55% to HKD 42.56, and 蓝思科技 up 2.73% to HKD 27.08 [1] - Analyst 郭明錤 from 天风国际证券 revealed that Apple plans to launch its first foldable iPhone in 2026 and a foldable iPad in 2028 [1] - The consumer electronics sector is entering a new product release season, with 华为 set to hold a launch event for its new 三折叠屏手机 [1] Group 2 - Apple has officially announced its 2025 fall launch event scheduled for September 10 at 1 AM Beijing time, where new products including iPhone, Apple Watch, and AirPods will be unveiled [1] - 国盛证券 indicates that the long-term growth logic of the consumer electronics sector remains solid, with clear trends in AI innovation and the potential acceleration of device replacement cycles driven by AI applications [1]

Group 1 - Apple concept stocks have seen significant declines, with Hong Teng Precision down 9.77% to HKD 4.25, Qiu Tai Technology down 7.17% to HKD 13.99, and Gao Wei Electronics down 4.42% to HKD 32.44 [1] - IDC's recent report indicates that global smartphone shipments are expected to grow by 1.0% year-on-year in 2025, reaching 1.24 billion units, an increase from the previous forecast of 0.6%, primarily driven by a 3.9% growth in iOS device shipments this year [1] - Omdia reported that global smartphone shipments are projected to decline to 28.87 million units in Q2 2025, a quarter-on-quarter decrease of over 800,000 units, representing a 2.8% drop, with only a slight year-on-year decrease of 20,000 units, less than 0.1% [1] Group 2 - According to招商证券, global smartphone shipments increased by 1% year-on-year in Q2, while shipments in China decreased by 4%, attributed to tariff fluctuations and macroeconomic uncertainties affecting demand, particularly in the low-end market [2] - Recent adjustments by third-party institutions have lowered the 2025 global smartphone shipment growth forecast from 2-4% to 0-1% due to uncertainties in global demand [2] - The iPhone 17 is set to begin mass production in Q3, with over 90 million units of materials already prepared, and the new model is expected to boost sales with enhanced AI features, while the Android market is focusing on brand dynamics and innovations in subsidies, AI, and optics [2]

Core Viewpoint - Apple Inc. is set to hold a major fall product launch event on September 9, where the iPhone 17 series is expected to be unveiled, leading to a positive market reaction for Apple-related stocks [1] Group 1: Stock Performance - Lens Technology (300433) saw an increase of 11.02%, trading at 28.82 HKD [1] - GoerTek (01415) rose by 2.46%, reaching 34.2 HKD [1] - AAC Technologies (02018) experienced a 1.72% increase, priced at 46.02 HKD [1] - FIH Mobile (02038) gained 1.73%, with a price of 15.25 HKD [1] Group 2: Strategic Developments - Apple is in discussions with Google to enhance Siri, indicating a dual approach of external collaboration and in-house development to accelerate AI advancements, with potential outcomes exceeding expectations by 2026 [1] - Citic Securities noted that the current valuations of A/H share companies in the Apple supply chain are relatively low, anticipating a recovery in sentiment due to the resolution of short-term negative factors [1] - Apple announced an additional investment commitment of 100 billion USD in the U.S., bringing its total investment over the next four years to 600 billion USD, which is expected to expedite its investment pace in the U.S. and secure exemptions from punitive tariffs on iPhone assembly in India [1]

Core Viewpoint - The company has demonstrated significant growth in its financial performance for the first half of 2025, driven by increased customer orders and a focus on technological innovation in the precision optical module sector [1][2]. Financial Performance - In H1 2025, the company achieved revenue of $1.36 billion, representing a year-over-year increase of 127.37% [1][2]. - The net profit for the same period was $67 million, showing a remarkable year-over-year growth of 320.21% [1][2]. - The gross margin stood at 11.44%, a slight decrease of 0.77 percentage points year-over-year, while the net margin improved to 4.96%, an increase of 2.18 percentage points year-over-year [1][2]. Market Position and Strategy - The company continues to deepen its focus on the precision optical module field, emphasizing product enhancement and technological innovation to meet the evolving demands of customers and the market [2]. - Despite a complex macroeconomic environment, the demand for precision optical components remains strong, bolstered by the company's advancements in smart driving and high-end mobile terminal sectors [2]. - The company is actively expanding into emerging markets and diverse application scenarios while enhancing strategic collaboration with partners, which supports its robust growth in a competitive market [2]. Client Relationships and Future Prospects - The company has established strong ties with major clients, benefiting from their optical innovations, particularly in mobile camera module specifications [3]. - The company has invested in laser radar and AR/VR businesses, with significant potential for growth in these areas due to increasing applications in automotive and robotics [3]. - The establishment of joint ventures and partnerships, such as with Su Da Wei Ge for AR/VR components, positions the company favorably in the rapidly evolving AR industry [3]. Investment Outlook - As a leading domestic optical module enterprise, the company is well-positioned for sustained growth, with projected revenues of $3.617 billion, $4.702 billion, and $5.407 billion for 2025, 2026, and 2027, respectively [4]. - Expected net profits for the same years are $190 million, $250 million, and $285 million, corresponding to price-to-earnings ratios of 19, 14, and 12 times [4].

Market Overview - The Hong Kong stock market failed to maintain its strong performance from the previous day, with all three major indices experiencing a collective adjustment. The Hang Seng Index fell by 1.18% or 304.99 points, closing at 25,524.92 points, with a total trading volume of HKD 31.78 billion. The Hang Seng China Enterprises Index decreased by 1.07% to 9,148.66 points, while the Hang Seng Tech Index dropped by 0.74% to 5,782.24 points [1] Blue-Chip Stocks Performance - CSPC Pharmaceutical Group (01093) led the decline among blue-chip stocks, falling by 4.33% to HKD 10.38, with a trading volume of HKD 1.797 billion, contributing a loss of 6.04 points to the Hang Seng Index. Bank of America Securities reported a 14.3% year-on-year decline in total revenue for CSPC in Q2, with attributable net profit down 24% to RMB 1.1 billion. The firm revised its revenue forecasts for 2025 to 2027 down by 25%, 2%, and 11% respectively [2] Sector Highlights - Large technology stocks mostly declined, with Alibaba down 2.57% and Tencent down 0.81%. Gold stocks surged, with China Gold International rising over 10%. Apple is expected to initiate a three-year innovation cycle, boosting related stocks like Lens Technology, which rose over 5%. Gaming stocks and some new consumption concepts performed well, with Melco International Development up over 9% [3][5] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated rising downside risks in the U.S. labor market, suggesting a potential policy adjustment could be appropriate. This statement is seen as a strong signal for a possible interest rate cut as early as September. The market reacted positively, particularly for precious metals, with expectations for further increases in gold prices [4] Gaming Sector Performance - The gaming sector continued its upward trend, with Melco International Development rising 9.27% to HKD 5.54. According to JPMorgan, Macau's gaming revenue for the first 24 days of August reached MOP 17.65 billion, with a daily average of MOP 735 million, reflecting a 9% increase from the previous week [6] Pharmaceutical Sector Challenges - The pharmaceutical sector faced pressure, with several stocks declining. Notably, CStone Pharmaceuticals (09966) fell 6.74% to HKD 10.24. U.S. President Trump's announcement to drastically reduce drug prices could create significant challenges for the global pharmaceutical industry, presenting both opportunities and risks for Chinese biotech stocks [6] Notable Stock Movements - Double Ended Co. (06960) debuted with a 31.29% increase, closing at HKD 19.05. The company focuses on energy storage solutions in the data and communication sectors, with a projected market share of 11.1% by 2024 [7] - Kingsoft Holdings (03918) reached a new high, rising 17.94% to HKD 5.72, reporting a 16.76% year-on-year revenue increase to USD 342 million [8] - Angelalign Technology (06699) saw a 10.28% increase to HKD 75.1, with a 33.1% year-on-year revenue growth reported [9] - Meitu Inc. (01357) rose 7.9% to HKD 11.47 after being included in the MSCI China Index, with Morgan Stanley expressing confidence in its long-term growth potential [10] - Xintai Medical (02291) experienced a significant drop of 12.75% to HKD 23.96 following a major shareholder's sale of shares [11]