FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 瑞聲科技控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期： 2026年1月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02018 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括 ...

Core Insights - The core message highlights the strategic expansion of AAC Technologies, which plans to add 150 million units of ultra-thin VC heat sinks for smartphones, aiming to solidify its leadership in the AI device cooling market and enhance its position as a core supplier for AI infrastructure [1][4]. Group 1: Market Position and Growth - AAC Technologies currently holds over 50% market share in the domestic high-end smartphone VC market and is a key supplier for the iPhone 17 Pro series [1]. - The company anticipates its heat sink product shipments will reach 150 million units by 2025, doubling its scale advantage with the new capacity addition [1][9]. - The sales revenue from AAC's heat sink products is projected to exceed 1.2 billion yuan in 2025, representing a growth of over 300% within a year [4]. Group 2: Technological Advancements - AAC Technologies has developed several industry-standard products, including the first circular VC and the first dual-chamber 3D combination VC, which significantly enhance cooling efficiency [6][8]. - The company's proprietary flexible thermal materials and comprehensive manufacturing processes have established a competitive barrier, resulting in a product yield rate 15 percentage points higher than the industry average [8]. Group 3: Capacity Expansion and Market Strategy - The company plans to increase its annual production capacity to over 300 million units following the addition of 150 million units, with a compound annual growth rate of over 90% expected from 2020 to 2025 [9]. - AAC's collaboration with Apple has led to innovations in production efficiency and sustainability, such as the development of a new logistics system that reduces plastic waste [9]. Group 4: Future Market Opportunities - AAC Technologies is extending its product applications beyond consumer electronics to include AI infrastructure, such as AR/VR devices and smart automotive solutions, addressing the growing demand for effective thermal management in these sectors [12][15]. - The global cooling market is projected to exceed $26.1 billion by 2028, with demand shifting from consumer electronics to smart vehicles and robotics [15]. Group 5: Competitive Landscape - Despite its advantages, AAC Technologies faces strong competition from companies like Taiwan's Chi Mei, Japan's Nidec, and Suzhou Tianmai, each with unique technological strengths [16]. - The evolving technology landscape, particularly the rise of liquid cooling solutions in AI data centers, presents both challenges and opportunities for AAC as it seeks to integrate VC heat sinks into multi-layer cooling architectures [16].

Core Insights - 瑞声科技 is expanding its production capacity by adding 150 million units of ultra-thin VC heat spreaders, aiming to solidify its position in the high-end smartphone VC market, where it currently holds over 50% market share in China [1][4] - The company is strategically positioning itself as a leading supplier in the AI device cooling sector, reflecting its commitment to becoming a core supplier for AI infrastructure [1][3] Market Position and Growth - 瑞声科技's heat dissipation products are projected to achieve sales exceeding 300 million yuan in 2024 and are expected to surpass 1.2 billion yuan in 2025, indicating a growth rate of over 300% within a year [4] - The compound annual growth rate (CAGR) for VC heat spreader shipments from 2020 to 2025 is expected to exceed 90%, with shipments reaching 150 million units by 2025 [7][9] Technological Advancements - The company has developed several industry-standard products, including the first circular VC and the first dual-chamber 3D combination VC, which significantly enhance heat dissipation efficiency [6][4] - 瑞声科技's proprietary flexible thermal materials and comprehensive manufacturing processes have established a competitive barrier, resulting in a product yield that is 15 percentage points higher than the industry average [6][4] Production Capacity and Client Relationships - Following the expansion, 瑞声科技's annual planned production capacity will exceed 300 million units, creating a positive feedback loop with major clients [7][9] - The collaboration with Apple has led to innovations in production efficiency and sustainability, such as the development of a new logistics system that reduces plastic waste [7][9] Market Expansion and Future Prospects - The company is extending its product applications beyond smartphones to include AR/VR devices, humanoid robots, and smart automotive sectors, addressing the growing demand for effective heat dissipation solutions [11][12] - The global heat dissipation market is projected to exceed $26.1 billion by 2028, with demand shifting from consumer electronics to sectors like smart automotive and data centers [11][12] Competitive Landscape - Despite its advantages, 瑞声科技 faces strong competition from companies like Taiwan's Chi Mei, Japan's Nidec, and Suzhou Tianmai, each with unique technological strengths [12] - The evolving technology landscape, particularly the increasing heat flow density in AI servers, presents challenges and opportunities for 瑞声科技 to innovate in liquid cooling technologies [12]

Core Insights - 瑞声科技 is set to expand its production capacity by an additional 150 million ultra-thin VC heat spreaders for smartphones, which has garnered significant industry attention [1] - The company currently holds over 50% market share in the domestic high-end smartphone VC market and is a key supplier for the iPhone 17 Pro series [1] - With the anticipated increase in production, 瑞声科技 aims to double its scale advantage and potentially capture a substantial portion of the global smartphone VC market [1] Market Position and Strategy - 瑞声科技 has established itself as a core supplier in the AI infrastructure sector, aiming to secure a leading position in the AI device cooling market through capacity expansion [1] - The company has transitioned from being a component supplier to an ecosystem builder, providing essential components for various AI devices, including acoustic components and linear motor technology [3] - The sales revenue from 瑞声科技's cooling products is projected to exceed 1.2 billion yuan in 2025, marking a growth of over 300% within a year [4] Technological Advancements - The rapid growth of 瑞声科技's cooling business is attributed to its strong technological "moat," having developed several industry-standard products, including the first circular VC and dual-chamber 3D combination VC [5][7] - The company's innovative products have significantly improved cooling efficiency, with the circular VC enhancing cooling capacity by 300% compared to traditional solutions [7] Capacity Expansion and Market Dynamics - 瑞声科技's VC heat spreader shipment volume is expected to grow at a compound annual growth rate of over 90% from 2020 to 2025, with a target of 150 million units by 2025 [8] - The company has received positive feedback from Apple regarding its automated production lines for the iPhone 17 Pro series, indicating strong collaboration with major clients [8] Product Penetration and Future Outlook - The penetration of VC heat spreaders is expected to extend beyond flagship models to mid-range devices, indicating a potential for significant market expansion [10] - 瑞声科技 is also exploring applications in AR/VR devices, humanoid robots, and smart vehicles, aligning with industry trends and expanding its product offerings [13] Competitive Landscape - Despite its advantages, 瑞声科技 faces competition from firms like Taiwan's Chi Mei and Japan's Nidec, which possess strong technical capabilities and market presence [15] - The company is proactively developing liquid cooling technologies to meet the increasing thermal demands of AI servers, indicating a strategic response to evolving market needs [15]

（原标题：瑞声科技(02018.HK)连续3日回购，累计斥资1485.09万港元） 证券时报•数据宝统计，瑞声科技在港交所公告显示，1月14日以每股38.700港元至40.000港元的价格回 购10.00万股，回购金额达393.44万港元。该股当日收盘价39.000港元，下跌0.26%，全天成交额2.20亿 港元。 自1月12日以来公司已连续3日进行回购，合计回购38.00万股，累计回购金额1485.09万港元。 其间该股 累计上涨1.62%。 今年以来该股累计进行6次回购，合计回购68.00万股，累计回购金额2665.02万港元。（数据宝） 瑞声科技回购明细 | 日期 | 回购股数 （万股） | 回购最高价 （港元） | 回购最低价 （港元） | 回购金额 （万港元） | | --- | --- | --- | --- | --- | | 2026.01.14 | 10.00 | 40.000 | 38.700 | 393.44 | | 2026.01.13 | 15.00 | 39.520 | 38.760 | 586.47 | | 2026.01.12 | 13.00 | 39.000 | 38.480 ...

格隆汇1月14日丨瑞声科技(02018.HK)发布公告，2026年1月14日耗资393.44万港元回购10万股，回购价 格每股38.7-40港元。 ...

智通财经APP讯，瑞声科技(02018)发布公告，于2026年1月14日，该公司斥资393.44万港元回购10万股 股份，每股回购价38.7-40港元。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 瑞聲科技控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期： 2026年1月14日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02018 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股 ...

根据官方公告，郑光廷先生(「郑先生」)，64岁，持有加州大学柏克莱分校的电机工程及计算器科学博 士学位。其研究与技术贡献涵盖人工智能(AI)芯片设计、电子设计自动化、 计算器视觉、嵌入式系统及 AI医疗应用。彼已发表超过600篇论文，合著五本书籍，并拥有20多项专利。彼为电机及电子工程师学 会院士、计算器协会院士、香港工程科学院院士。彼亦为东京大学工学部院士。 2026 年1月13日，瑞声科技(02018.HK)宣布委任香港科技大学副校长、著名 AI 技术专家郑光廷为独立 非执行董事，任期至2028年股东周年大会结束。 这一任命将为瑞声科技向"AI 领域核心供应商"战略升级注入关键智力资源，强化AI对感知技术、先进 制造的赋能协同，助力物理 AI 场景落地的体验革新。 郑先生为Verplex Systems Inc.的创始首席技术长，亦曾担任多家美国公司的技术顾问委员会成员，包括 Novas Software Inc.、Atrenta Inc.及Calypto Design Systems Inc.。彼2020年9月起担任于上海证券交易所 上市的深圳天德钰科技股份有限公司(股份代码：688252)的独立董事。 ...

Group 1 - The article discusses the share buybacks conducted by various companies on January 13, 2026, with Tencent Holdings (00700) having the largest buyback amount of 636 million yuan for 1.012 million shares [1][2] - Other notable companies involved in the buyback include Xiaomi Group (01810) with 4 million shares repurchased for 152 million yuan, and Sunny Optical Technology (02382) with 640,000 shares for approximately 41.79 million yuan [1][2] - The total number of shares repurchased by Tencent Holdings in the year reached 11 million, representing 1.199% of its total share capital [2] Group 2 - The buyback activities reflect a strategic move by companies to enhance shareholder value and signal confidence in their financial health [1][2] - Companies like Weigao Group (01066) and Xinli International (00732) also showed significant buyback activity, with Weigao repurchasing 27,440 shares for 1.4962 million yuan, representing 6.519% of its total share capital [2] - The data indicates a trend among companies to engage in share buybacks as a method to return capital to shareholders and potentially boost stock prices [1][2][3]