瑞聲科技(02018)近期股價波動為投資者帶來窩輪操作機會。在眾多產品中，信證認購證(15694)以5.1倍槓桿和最低溢價脫穎而出，行使價44.88元，適合看好 後市且注重成本控制的投資者。若預期股價有較大上升空間，中銀認購證(15499)同樣提供5.1倍槓桿，但行使價較高達55.93元，溢價41.02%，適合較進取的 策略。 瑞聲科技(02018)今日反彈升穿保利加通道中線（40.19），截止11點，股價報40.95元，股價升4.2%。技術面呈現複雜格局，股價在30日(39.47元)和60日均線 (38.38元)附近獲得支撐。多項指標發出賣出信號，技術指標總結強度達13分，尤其是一目均衡表和MACD均顯示看跌，但值得留意的是VR成交比率指標顯 示超跌可能築底，為後市帶來一絲希望。RSI指標48處於中性偏弱區域，5日振幅6.6%反映市場波動性適中。 關鍵位攻防戰方面，下方38.3元為近線支撐，36.7元則是強支撐位；上方41元為重要心理關口，突破後有望挑戰42.4元。當前上升概率56%，顯示多空勢力 接近平衡。威廉指標呈中性，但動量指標出現賣出信號，投資者需密切關注38.3元支撐位的防守情況。 瑞聲科技(02 ...

Core Viewpoint - The article highlights significant stock movements in the Hong Kong and US markets, indicating various companies experiencing notable gains due to specific events or developments. Hong Kong Market Highlights - Li Auto (02015) saw a rise of over 3% as the launch of the Li i8 is set for July 29 [1] - Chinese banks experienced gains, with Zhengzhou Bank (06196) up 6.06%, Minsheng Bank (01988) up 4.97%, CITIC Bank (00998) up 3.24%, and Industrial and Commercial Bank of China (01398) up 1.8% [1] - Jiuyuan Gene (02566) increased by over 6% following the approval of its drug by the National Medical Products Administration [1] - Conant Optical (02276) rose over 6% as its net profit is expected to increase by over 30% year-on-year [1] - Puxing Energy (00090) surged over 220% after acquiring equity in HashKey Holdings Limited, entering the digital asset finance sector [1] - Blucube (00325) saw a rise of over 8% as it faced its first share unlock, with an accelerated pace of new product launches [1] - InnoCare Pharma (02577) rose over 5% as TSMC exited the GaN business, prompting cornerstone investors to extend their lock-up period [2] - Jitu Express (01519) increased over 4% due to strong package volume performance in Southeast Asia [2] - Apple-related stocks saw gains, with Cowell (01478) up 5.14%, Sunny Optical (02382) up 4.99%, BYD Electronics (00285) up 4.67%, and AAC Technologies (02018) up 1.89% [2] - From Yuzhi Agriculture (00875) surged over 13% as the company aims to build a comprehensive modern agriculture flagship group [2] - Fenbi (02469) rose over 5% following an upgrade to its AI question-answering system, which is expected to drive performance growth [2] - E-Surfing (02550) increased over 16% after Barclays acquired a 280 million stake and partnered with Huawei Cloud [2] - Cryptocurrency ETF and related stocks rose, with New Fire Technology Holdings (01611) up 10.82%, Xiong'an Technology (01647) up 10.23%, and others [2] - Superstar Legend (06683) surged over 20% as Jay Chou joined Douyin, gaining over 10 million followers [3] - Cornerstone Pharmaceuticals (02616) rose over 4% after its drug production application was approved by NMPA [3] - Longguang Group (03380) opened over 4% higher as its debt restructuring plan was approved by creditors [3] - Saijing Technology (00580) opened over 8% after announcing a projected net profit of approximately 90 million, a 167% year-on-year increase [3] - Derin Holdings (01709) opened nearly 15% higher as it plans to tokenize up to 500 million HKD in assets for distribution to shareholders [3] US Market Highlights - Deutsche Bank (DB.US) rose over 3% as it restructures its wealth management business in Germany to improve profitability [4] - UnitedHealth (UNH.US) fell over 1% amid reports of a US Department of Justice investigation into its medical insurance billing [4] - Futu Holdings (FUTU.US) increased over 9% after Morgan Stanley raised its target price to 160 USD [4] - Boeing (BA.US) rose over 3% as June aircraft deliveries reached an 18-month high [4] - Meta (META.US) increased nearly 2% as it reportedly invested 3.5 billion USD to enhance its AI smart glasses business [4] - Nvidia (NVDA.US) rose nearly 2%, reaching a historic high with a market capitalization of 4 trillion USD [4] - Microsoft (MSFT.US) hit a historic high with a market capitalization of 3.74 trillion USD, following an upgrade from Oppenheimer [4]

Group 1 - The Hong Kong stock market saw a significant rebound in Apple-related stocks today [1] - Sunny Optical Technology (02382.HK) rose nearly 7% [1] - BYD Electronics (00285.HK) increased by over 5% [1] Group 2 - Other stocks such as Q Tech (01478.HK), AAC Technologies (02018.HK), and GoerTek (01415.HK) also experienced gains [1]

Group 1 - CLSA's top stock picks include AAC Technologies (瑞声科技), Xiaomi, and SMIC [1] - The upcoming iPhone 17 Pro series is expected to feature a vapor chamber for enhanced thermal performance, with AAC Technologies supplying the thermal module [1] - AAC Technologies' optical business is projected to grow, contributing to a forecasted revenue of RMB 27.33 billion for 2024, a 33.8% year-on-year increase [1] Group 2 - AAC Technologies completed the acquisition of 80% of high-end audio system supplier "PSS" last February, leading to a revenue of RMB 3.52 billion from automotive and consumer acoustics products in 2024 [2] - The thermal business of AAC Technologies is expected to generate RMB 326 million in revenue for 2024, reflecting a 40.1% year-on-year growth [2] - AAC Technologies has become a major supplier of thermal modules for flagship smartphones in China, holding over 50% market share [2]

Core Viewpoint - The acquisition of a 53.74% stake in Chuguang Automotive by AAC Technologies marks a new chapter in the development of automotive perception technology, enhancing the company's capabilities in the smart automotive sector [1][2]. Group 1: Acquisition Details - AAC Technologies, through its wholly-owned subsidiary, signed an agreement to acquire a 53.74% stake in Hebei Chuguang Automotive Components Co., Ltd. for RMB 288 million [1]. - Following the acquisition, Chuguang Automotive will become an indirect non-wholly-owned subsidiary of AAC Technologies, with the founding team continuing to manage operations [1]. - Chuguang Automotive, established in 2016, specializes in the design, production, and sales of automotive electronic components, holding over 30 patents and various certifications [1]. Group 2: Market Position and Collaboration - Chuguang Automotive holds a 55% market share in the domestic market for automotive digital microphones and over 26% globally [2]. - The acquisition signifies a deep integration of technological advantages and industrial resources between AAC Technologies and Chuguang Automotive, aimed at advancing the automotive intelligence industry [2]. Group 3: Technological Synergy - The collaboration aims to create a closed-loop ecosystem of "perception-processing-output" in automotive acoustics, enhancing user experience through improved microphone technology [3]. - AAC Technologies plans to leverage its global resource network to accelerate the commercialization of Chuguang Automotive's technologies and expand its market reach [3]. - The partnership will focus on the latest trends in the smart automotive industry, optimizing acoustic technology solutions and setting new standards for sound perception in next-generation smart cockpits [3]. Group 4: Financial Projections - The company is projected to achieve revenues of RMB 31.146 billion, RMB 34.950 billion, and RMB 39.202 billion for the years 2025, 2026, and 2027, respectively, with net profits of RMB 2.441 billion, RMB 2.943 billion, and RMB 3.486 billion [4]. - The current stock price corresponds to a price-to-earnings ratio (PE) of 18x, 15x, and 12x for the years 2025 to 2027 [4].

Investment Rating - The report maintains a "Buy" rating for the company [2][7] Core Insights - The acquisition of a 53.74% stake in Hebei Chuguang Automotive Parts Co., Ltd. marks a new chapter in the development of automotive perception technology, with the transaction valued at RMB 288 million [2][3] - The acquisition will enhance the company's core competitiveness in acoustic system solutions, integrating technology and resources to drive the upgrade of automotive intelligence [3][6] - The company is expected to achieve revenues of RMB 31.15 billion, RMB 34.95 billion, and RMB 39.20 billion for the years 2025, 2026, and 2027 respectively, with corresponding net profits of RMB 2.44 billion, RMB 2.94 billion, and RMB 3.49 billion [7][9] Financial Projections - Revenue growth rates are projected at 34% for 2024, followed by 14% for 2025, and 12% for 2026 and 2027 [9][12] - The company's earnings per share (EPS) are forecasted to be RMB 1.53, RMB 2.04, RMB 2.46, and RMB 2.91 for the years 2024 to 2027 respectively [9][12] - The price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are estimated to be 18x, 15x, and 12x respectively [7][12]

Group 1 - According to Counterpoint Research, China's smartphone sales are expected to see a slight year-on-year increase in Q2 2025, with Huawei projected to grow by 12% and Apple by 8% [1] - The Guangdong provincial government has issued a plan to promote economic growth, which includes accelerating the replacement of old electronics, including smartphones [1] - The "618" shopping festival, supported by national subsidies, has significantly boosted sales of smartphones and other consumer electronics, with Su Ning reporting sales increases of 62.35% for smartphones [2] Group 2 - Huawei and Xiaomi were the biggest beneficiaries of the national subsidy policy, with their shipment volumes increasing by 18% and 40% respectively in Q1 [2] - The overall smartphone market in China is expected to grow by approximately 3% in 2025, with a projected shipment volume of about 290 million units [2] - China Galaxy Securities forecasts that the penetration rate of AI smartphones will reach 34% by 2025, while AI PCs are expected to rise from 0.5% in 2024 to 79.7% by 2028 [3] Group 3 - AAC Technologies (瑞声科技) anticipates a significant increase in the shipment of its WLG products, which will be widely used in smartphones and other sectors [4] - Sunny Optical Technology (舜宇光学科技) expects a 26% year-on-year increase in global demand for automotive lenses, driven by the development of smart driving in China [4] - Q Technology (丘钛科技) reported a decrease in camera module sales but a 45% year-on-year increase in fingerprint recognition module sales [5] Group 4 - Xiaomi Group achieved over 30% year-on-year growth during the "618" shopping festival, with total payments reaching 35.5 billion RMB [5] - Xiaomi's online store revenue grew by 18%, while smartphone shipments increased by 17% during the same period [5] - The company's offline store revenue surged by 51%, with smartphone shipments growing by 31% and AIoT revenue increasing by 63% [5]

Core Viewpoint - The "Gelonghui Golden Award" ESG Excellence Company selection recognizes companies that excel in environmental, social, and governance dimensions, contributing to China's dual carbon goals and setting benchmarks for long-term value in the capital market [1][2]. Group 1: Award Winners - Twelve companies were awarded the "ESG Sustainable Development Excellence Enterprise" title, including Fourth Paradigm (06682.HK), JinJing New Energy (01783.HK), Kangqiao Yuelife (02205.HK), Ping An Good Doctor (01833.HK), AAC Technologies (02018.HK), Shoucheng Holdings (00697.HK), Tongwei Co., Ltd. (600438.SH), Yaoshi Bang (09885.HK), Zhaojin Mining (01818.HK), China Chunlai (01969.HK), China Reinsurance (01508.HK), and China Nuclear International (02302.HK) [1]. - The ranking of the awarded companies is in alphabetical order and does not indicate any specific order of merit [1]. Group 2: Evaluation Criteria - The selection process involved quantitative data analysis and evaluation by an expert panel to determine the final results [1]. - The award aims to highlight companies that actively promote green transformation and social responsibility through transparent governance [1]. Group 3: Scope of the Selection - The ESG Excellence Company selection covers all listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, American Stock Exchange, and NASDAQ [2]. - The initiative is designed to create a reference value ranking of outstanding companies in the ESG field within the investment community [2].

瑞聲科技(02018)盤中最高見41.4港元，突破日線圖的保利加通道頂部（40.4港元），最新（14點22分）報40.6港元。從技術面觀察，股價已突破所有主要均線，10日線 (38.87港元)、30日線(38.45港元)和60日線(39.55港元)呈現多頭排列，MACD指標維持買入信號，顯示中期上升趨勢確立。 | 信號總結 | 賣出信號 中立信號 | 買入信號 | | --- | --- | --- | | EN EN RE 員人 | | 14 | 觀察市場上的，有看多的投資者認為走勢比較強，挑戰41-42港元，您認為現在是佈局認購證等待突破的時機，還是選擇認沽證防範技術回調？歡迎分享您 的市場觀點與操作策略！想獲取更多科技板塊及衍生品專業分析，請立即關注"港股窩輪Jenny"獲取每日市場解讀。 #瑞聲科技 #聲學組件 #窩輪策略 #認購證 #港股科技 #智能手機 #短線交易 #技術分析 #衍生工具 #關鍵位突破 當前技術位顯示，38.7港元為近期重要支撐位，更強支撐位於37.3港元；上方42.3港元為短線關鍵阻力，突破後將挑戰44.9港元。值得注意的是，RSI指標62 接近超買區域，威廉指標顯示超買賣出信號 ...

Group 1 - The core viewpoint of the article is that AAC Technologies has acquired a controlling stake in Chuguang Automotive, aiming to jointly develop next-generation automotive acoustic system solutions to drive industry transformation [1][5]. Group 2 - AAC Technologies has a strong technical foundation in the acoustic field, having entered the automotive sector in 2018 and completed the acquisition of 80% of premium sound solutions (PSS) by February 9, 2024, establishing a comprehensive automotive acoustic solution that integrates software, hardware, algorithms, and tuning [3]. - The automotive acoustic system is a complex engineering challenge, where microphones play a crucial role in user experience, impacting driving safety and human-vehicle interaction comfort [3]. Group 3 - Chuguang Automotive is recognized as a national high-tech enterprise and a leading supplier of automotive front-end modules, with its microphone modules outperforming industry averages in performance and quality [4]. - The frequency response curve of Chuguang's microphones ranges from 30-10kHz, with sensitivity fluctuations below 5dB, which is approximately 50% better than the industry average, enhancing voice recognition accuracy and noise cancellation [4]. Group 4 - The acquisition signifies an enhancement of AAC Technologies' acoustic system capabilities, improving its electronic component module capabilities in consumer electronics and achieving a comprehensive closed loop in the automotive sector from sound perception to processing and playback [5]. - AAC Technologies plans to leverage its global resource network to assist Chuguang Automotive in expanding into overseas markets, aiming to provide more competitive high-quality solutions [5].