交易事项的总代价为55.3亿印度卢比(相当于约人民币4.47亿元)，包括股份购买事项代价42.8亿印度卢比 (相当于约人民币3.46亿元)，及股份认购事项代价12.5亿印度卢比(相当于约人民币1.01亿元)。 待完成后，集团将保留印度丘钛48.92%股权，而印度丘钛将不再作为公司的附属公司合并入账。 智通财经APP获悉，丘钛科技(01478)涨超3%，截至发稿，涨2.89%，报14.61港元，成交额1911.2万港 元。 消息面上，丘钛科技发布公告，于2025年9月17日(交易时段后)，印度丘钛及出售股东与Dixon签订股份 认购及购买协议，据此，Dixon已有条件同意透过股份购买事项及股份认购事项的方式收购印度丘钛合 共51.08%的实缴股本。 ...

Core Viewpoint - The announcement indicates that Hillstone Technology's subsidiary, Hillstone India, has entered into an agreement with Dixon for the acquisition of 51.08% equity stake for a total consideration of 5.53 billion Indian Rupees (approximately 447 million RMB) [1] Group 1 - Following the transaction, Hillstone Technology will retain a 48.92% stake in Hillstone India, which will no longer be a subsidiary but will be accounted for as an associate company using the equity method [1] - Hillstone Technology will continue to provide loans to Hillstone India, which the board believes aligns with the overall interests of the company and its shareholders, as it helps maintain operations and enhance capacity, thereby impacting group performance [1] - The loans will generate interest income for the group, with unchanged terms to ensure continuity [1]

丘钛科技（01478）发布公告，于2025年9月17日（交易时段后），印度丘钛及出售股东与Dixon签订股 份认购及购买协议，据此，Dixon已有条件同意透过股份购买事项及股份认购事项的方式收购印度丘钛 合共51.08%的实缴股本。 交易事项的总代价为55.3亿印度卢比（相当于约人民币4.47亿元），包括（i）股份购买事项代价42.8亿 印度卢比（相当于约人民币3.46亿元），及（ii）股份认购事项代价12.5亿印度卢比（相当于约人民币 1.01亿元）。 来源：新浪港股 于完成后，集团向印度丘钛提供的该等贷款将继续维持，并将构成上市规则第14章项下集团所提供的财 务资助。 待完成后，集团将保留印度丘钛48.92%股权，而印度丘钛将不再作为公司的附属公司合并入账。 ...

Key Points - The top three stocks with net inflow of southbound funds are Alibaba-W (09988) with 5.278 billion, Yingfu Fund (02800) with 2.782 billion, and Hang Seng China Enterprises (02828) with 1.566 billion [1] - The top three stocks with net outflow of southbound funds are Xiaomi Group-W (01810) with -0.721 billion, Innovent Biologics (01801) with -0.466 billion, and Pop Mart (09992) with -0.458 billion [1] - In terms of net inflow ratio, Yuexiu Transportation Infrastructure (01052) leads with 63.76%, followed by Crystal International (02232) with 56.34%, and China Resources Gas (01193) with 53.63% [1] - The stocks with the highest net outflow ratio include QuanFeng Holdings (02285) at -59.36%, Yadea Group (01585) at -54.53%, and TCL Electronics (01070) at -54.28% [1] Net Inflow Rankings - The top ten stocks by net inflow include Alibaba-W (09988) with 5.278 billion, Yingfu Fund (02800) with 2.782 billion, and Hang Seng China Enterprises (02828) with 1.566 billion [2] - Other notable stocks in the net inflow list are Meituan-W (03690) with 0.670 billion and Southern Hang Seng Technology (03033) with 0.620 billion [2] Net Outflow Rankings - The top ten stocks by net outflow include Xiaomi Group-W (01810) with -0.721 billion, Innovent Biologics (01801) with -0.466 billion, and Pop Mart (09992) with -0.458 billion [2] - Other significant stocks in the net outflow list are Li Auto-W (02015) with -0.298 billion and China Construction Bank (00939) with -0.254 billion [2] Net Inflow Ratio Rankings - The top three stocks by net inflow ratio are Yuexiu Transportation Infrastructure (01052) at 63.76%, Crystal International (02232) at 56.34%, and China Resources Gas (01193) at 53.63% [3] - Additional stocks with high net inflow ratios include China Ship Leasing (03877) at 49.13% and Jiangsu Ninghu Expressway at 45.49% [3] Net Outflow Ratio Rankings - The stocks with the highest net outflow ratios include QuanFeng Holdings (02285) at -59.36%, Yadea Group (01585) at -54.53%, and TCL Electronics (01070) at -54.28% [3] - Other notable stocks with significant net outflow ratios are Kangji Medical (09997) at -53.77% and QiuTai Technology (01478) at -47.17% [3]

Group 1 - The core transaction involves the acquisition of 51.08% of the paid-up capital of India-based Hillstone Technology by Dixon for a total consideration of 5.53 billion Indian Rupees (approximately 447 million RMB) [1] - The transaction price consists of 4.28 billion Indian Rupees (approximately 346 million RMB) for the share purchase and 1.25 billion Indian Rupees (approximately 101 million RMB) for the share subscription [1] - After the completion of the transaction, the group will retain a 48.92% stake in India Hillstone, which will no longer be consolidated as a subsidiary [1] Group 2 - The board believes that the terms of the share subscription and purchase agreement, along with the loan agreements, are normal commercial terms and are fair and reasonable for the company and its shareholders [2] - Providing loans to India Hillstone will help maintain its operations and enhance its capacity, thereby improving its performance, which will continue to impact the group's financial results [2] - The loans will be provided from the company's own funds at a more favorable interest rate compared to the bank's fixed deposit rates, potentially generating approximately 4.715 million USD (around 33.48 million RMB) in interest income over the loan period [2]

Group 1 - The core point of the announcement is that Hillstone Technology (01478.HK) has signed a share subscription and purchase agreement with Dixon, allowing Dixon to acquire 51.08% of the paid-up capital of Hillstone India for approximately 5.53 billion Indian Rupees (around 447 million RMB) [1] - The total consideration includes approximately 4.28 billion Indian Rupees (around 346 million RMB) for the share purchase and approximately 1.25 billion Indian Rupees (around 101 million RMB) for the share subscription [1] - After the completion of the transaction, Dixon and its group will hold 51.08% and 48.92% of Hillstone India, respectively, and Hillstone India will no longer be consolidated into the company's financial statements [1] Group 2 - Dixon is the largest design-focused local solutions company in India, engaged in manufacturing products for durable consumer goods, lighting, and mobile markets [2] - Dixon also provides reverse logistics solutions, including LED TV panel repair and refurbishment services [2] - As of the announcement date, Hillstone India, a wholly-owned subsidiary of the company, reported revenue of approximately 7.96 billion Indian Rupees (around 644 million RMB) and a post-tax profit of approximately 251 million Indian Rupees (around 20.31 million RMB) for the six months ending June 30, 2025 [2]

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。 Q TECHNOLOGY (GROUP) COMPANY LIMITED 丘鈦科技(集團)有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：1478） 須予披露交易 出售印度丘鈦之51.08%股權及 提供財務資助 茲提述該等公告，內容有關具約束力條款說明書及交易事項。 交易事項 董事會宣佈，於二零二五年九月十七日（交易時段後），印度丘鈦及出售股東 與Dixon簽訂股份認購及購買協議，據此，Dixon已有條件同意透過股份購買事 項及股份認購事項之方式收購印度丘鈦合共51.08%之實繳股本。 交易事項之總代價為5,529,999,860印度盧比（相當於約人民幣447,421,000元）， 包括(i)股份購買事項代價4,279,999,895印度盧比（相當於約人民幣346,286,000 元），及(ii)股份認購事項代價1,249,999,965印 度 盧 比（相 當 於 約 人 民 幣 101,13 ...

Group 1 - The upstream supply chain for smartphones is experiencing price increases, with SanDisk announcing a price hike of over 10% for all products, potentially signaling a new round of price increases across the industry [1] - Major storage manufacturers have halted production of DDR4 products, leading to a price inversion with the newer DDR5, although some manufacturers are reconsidering complete shutdowns due to ongoing supply-demand imbalances [1][6] - The "National Subsidy" program has been reintroduced, but its impact on smartphone consumption is expected to slow down in the second half of the year, particularly affecting high-end market dynamics [1][2] Group 2 - The domestic smartphone market showed a "rise and then fall" trend in the first half of the year, with a 4% year-on-year decline in shipments in Q2, ending six consecutive quarters of growth [2] - The high-end smartphone segment has demonstrated resilience, with a 9.2% year-on-year increase in shipments for devices priced over $600 in the first half of the year [4] - Companies like Sunny Optical and Q Technology reported revenue increases, with Sunny Optical achieving a 4.2% rise in revenue to 19.652 billion yuan, despite a 21% drop in camera module shipments [3][4] Group 3 - The smartphone supply chain is facing challenges due to rising component prices, particularly in NAND and DRAM markets, with DRAM prices increasing by approximately 72% in less than six months [6][7] - The transition from DDR4 to DDR5 is becoming urgent for smartphone manufacturers, as storage manufacturers are firmly halting DDR4 production [8] - Companies are focusing on enhancing product differentiation and quality to stimulate consumer demand, with an emphasis on high-end camera specifications as a key driver for upgrades [5][8]

Group 1 - The core viewpoint of the article highlights a significant rise in Hong Kong's Apple-related stocks, driven by the anticipation of a potential upgrade cycle for iPhone users as new models are released [1] - Wedbush analysts estimate that approximately 315 million out of 1.5 billion global iPhone users have not upgraded their devices in over four years, indicating a substantial upgrade opportunity for Apple [1] - Analysts suggest that Apple's focus on product efficiency, along with innovative redesigns and practical new features, may lead the company into a "super upgrade cycle" within the next 12 to 18 months [1] Group 2 - Tianfeng Securities expresses optimism regarding investment opportunities in edge AI, supported by favorable policies and the influence of major players, with Apple's recent developments showcasing its commitment to innovation in edge AI products [1] - The report indicates that Apple's advancements in edge AI could exceed expectations in terms of user experience and sales, prompting a recommendation to pay attention to the Apple supply chain [1]

Core Viewpoint - Hillstone Technology (01478.HK) reported significant growth in sales volume for camera modules and fingerprint recognition modules in August 2025, indicating strong market demand and operational performance [1] Camera Module Sales - The sales volume of mobile phone camera modules reached 44.467 million units, representing a quarter-on-quarter increase of 17.5% and a year-on-year increase of 40.2% [1] - Sales volume for camera modules in other fields totaled 2.612 million units, with a quarter-on-quarter increase of 36.5% and a year-on-year increase of 180.8% [1] - Total camera module sales amounted to 47.079 million units, reflecting a quarter-on-quarter increase of 18.4% and a year-on-year increase of 44.3% [1] Fingerprint Recognition Module Sales - The total sales volume of fingerprint recognition modules reached 20.59 million units, showing a quarter-on-quarter increase of 43.0% and a year-on-year growth of 27.8% [1]