Group 1 - The Hong Kong stock market for the smartphone supply chain has seen a collective decline, with notable drops including High伟电子 down over 6% and 蓝思科技 down nearly 6% [1] - By December 2025, China's smartphone sales are projected to reach approximately 21 million units, representing a year-on-year decline of about 20% [1] - Major smartphone brands such as 华为, OPPO, 荣耀, vivo, and 苹果 hold market shares of approximately 20%, 17%, 14%, 14%, and 13% respectively [1] Group 2 - Goldman Sachs has revised its global smartphone shipment forecasts for 2026/27 down by 6% and 5% to 1.2 billion units each year, indicating a year-on-year change of -6% and +2% [1] - Counterpoint Research suggests that the smartphone market is unlikely to recover before 2027, with normalization expected in the second half of 2027 or early 2028 [1] - The smartphone industry is expected to seek a balance between cost, performance, and innovation in response to ongoing challenges and rising costs due to memory price increases and technological iterations [1]

本月底法定/註冊股本總額： HKD 500,000,000 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: 2026年1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: 丘鈦科技（集團）有限公司 呈交日期: 2026年2月2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) | 01478 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 50,000,000,000 | HKD | | ...

Core Viewpoint - The smartphone supply chain is experiencing a significant downturn, with major companies seeing declines in stock prices and forecasts indicating a drop in smartphone sales in China by approximately 20% year-on-year by December 2025 [1] Group 1: Company Performance - QiuTai Technology (01478) shares fell by 5.91%, trading at HKD 8.75 [1] - BYD Electronics (00285) shares decreased by 4.13%, trading at HKD 32.02 [1] - GoerTek (01415) shares dropped by 3.76%, trading at HKD 29.14 [1] Group 2: Market Forecasts - China's smartphone sales are projected to reach approximately 21 million units by December 2025, reflecting a year-on-year decline of about 20% [1] - Goldman Sachs has revised its global smartphone shipment forecasts for 2026/27 down by 6% and 5% to 1.2 billion units for both years, indicating a year-on-year change of -6% and +2% respectively [1] Group 3: Market Share - The top five smartphone brands in China by market share are Huawei (20%), OPPO (17%), Honor (14%), Vivo (14%), and Apple (13%) [1]

Group 1 - The smartphone industry is experiencing a decline, with major companies like Q Technology, BYD Electronics, and GoerTek seeing significant stock price drops of 5.91%, 4.13%, and 3.76% respectively [1] - By December 2025, China's smartphone sales are projected to reach approximately 21 million units, representing a year-on-year decrease of about 20% [1] - The top five smartphone brands in China by market share are Huawei (20%), OPPO (17%), Honor (14%), vivo (14%), and Apple (13%) [1] Group 2 - Goldman Sachs has revised its global smartphone shipment forecasts for 2026/27 down by 6% and 5% to 1.2 billion units for both years, indicating a year-on-year change of -6% and +2% respectively [1] - The decline in smartphone shipments is attributed to rising memory prices impacting the overall market [1]

于收到裁决之前，本公司已就有关事件涉及的税项金额进行计提拨备、对印度丘钛的递延所得税资产进 行调整及计提额外拨备(合称为拨备及递延所得税资产调整)，截至2025年12月31日，涉及金额合计约为 人民币1.52亿元。尽管已经收到上述裁决，但考虑到裁决仍在上诉期内，本公司暂未获悉印度税务相关 当局已就裁决提起上诉及当前无法判断印度税务相关当局会或不会就裁决提出上诉，因此，截至本公告 之日，本公司暂未对拨备及递延所得税资产调整进行回拨或作进一步调整。 丘钛科技(01478)发布公告，于2026年1月20日，印度丘钛收到所得税上诉法庭日期为2026年1月20日的 裁决。根据该裁决，所得税上诉法庭裁定在整个税务调查过程中，有涉及的印度税务相关当局对印度丘 钛无管辖权，据此产生的一切后续程序(包括最终评估颁令)在法律上均属无效，予以撤销，印度丘钛无 需根据最终评估颁令缴纳所得税及利息。惟印度丘钛及印度税务相关当局可于裁决作出之日起90日内向 印度高等法院提出上诉。 ...

Core Viewpoint - The court ruling on January 20, 2026, determined that the Indian tax authorities had no jurisdiction over the tax investigation involving the Indian subsidiary of the company, leading to the invalidation of all subsequent procedures, including the final assessment order, which means the subsidiary is not required to pay the assessed income tax and interest [1] Group 1 - The Indian tax appeal court ruled that the tax authorities had no jurisdiction over the Indian subsidiary during the tax investigation process [1] - The ruling invalidates all subsequent procedures related to the tax assessment, allowing the Indian subsidiary to avoid paying the assessed income tax and interest [1] - The company had previously made provisions and adjustments related to the tax amount involved, totaling approximately RMB 152 million as of December 31, 2025 [1] Group 2 - The company has not yet reversed or made further adjustments to the provisions and deferred tax asset adjustments due to the ongoing appeal period [1] - The Indian tax authorities have a 90-day window from the date of the ruling to appeal to the High Court [1] - As of the announcement date, the company has not been informed of any appeal filed by the Indian tax authorities regarding the ruling [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 1 於收到裁決之前，本公司已就有關事件涉及的稅項金額進行計提撥備、對印 度丘鈦的遞延所得稅資產進行調整及計提額外撥備（合稱為「撥備及遞延所得 稅資產調整」），截至二零二五年十二月三十一日，涉及金額合計約為人民幣 152,146,000元（詳情請參閱該等公告之披露，惟相關金額由於印度盧比兌人民 幣之匯率變化而隨之變化）。儘管已經收到上述裁決，但考慮到裁決仍在上訴期 內，本公司暫未獲悉印度稅務相關當局已就裁決提起上訴及當前無法判斷印度 稅務相關當局會或不會就裁決提出上訴，因此，截至本公告之日，本公司暫未 對撥備及遞延所得稅資產調整進行回撥或作進一步調整。 有關撥備及遞延所得稅資產調整僅為董事基於本公司目前最新可得之資料的 初步評估得出，其並未經本公司之獨立核數師及╱或審核委員會審閱或審核， 而印度丘鈦稅務事件仍有可能會發生變化，因此，本公司暫未對撥備及遞延所 得稅資產調整進行回撥或作進一步調整。如有進一步重 ...

Group 1 - Hong Kong-listed Apple concept stocks collectively declined [1] - Highway Electronics (01415.HK) fell by 4.24%, closing at HKD 29.84 [1] - Q Technology (01478.HK) decreased by 3.72%, closing at HKD 9.57 [1] - BYD Electronics (00285.HK) dropped by 2.21%, closing at HKD 33.64 [1]

该行预期非手机业务将成为主要增长动力，2025至27财年收入年均复合增长率达48%，并于2026及27财 年分别贡献总收入40%及47%，对比2025财年为28%。该行认为目前该股估值吸引，重申"买入"评级； 基于更新目标市盈率，目标价由14.5港元降至13.18港元。 招银国际发表研报指，丘钛科技发盈喜，预计去年盈利按年增长400%至450%，胜该行及市场预期，主 要受非手机业务增长、摄像模块及指纹模块升级、印度业务处置收益，以及旗下新巨科技盈利转亏为盈 所推动。 ...

Group 1 - The core viewpoint of the article is that Zhaoyin International maintains a "buy" rating for Hillstone Technology (01478) while lowering the target price from HKD 14.5 to HKD 13.18 due to updated valuation metrics [1] - Hillstone Technology is expected to report a significant profit increase of 400% to 450% year-on-year, driven by growth in non-mobile business, upgrades in camera modules and fingerprint modules, gains from the disposal of its Indian business, and a turnaround in profitability for its subsidiary, New Giant Technology [1] - The non-mobile business is projected to be the main growth driver, with an average annual compound growth rate of 48% in revenue from fiscal years 2025 to 2027, contributing 40% and 47% to total revenue in fiscal years 2026 and 2027, respectively, compared to 28% in fiscal year 2025 [1]