Core Insights - Apple COO Sabih Khan visited AAC Technologies' factory in Changzhou, Jiangsu, to observe the first fully automated ultra-thin vapor chamber production line [1][6] - The collaboration between AAC Technologies and Apple has spanned 17 years, evolving from providing microphones for MacBooks to supplying various components for iPhones, MacBooks, and Apple Watches [6][5] Group 1: Innovation and Automation - Sabih Khan praised AAC Technologies for its problem-solving capabilities and creativity in smart manufacturing, highlighting the importance of the vapor chamber in supporting gaming performance for the iPhone 17 Pro [3][6] - The production process for the vapor chamber module is fully automated, with robots handling everything from raw material input to finished product output [7][9] - The production line includes advanced features such as a water injection and degassing system, ensuring high precision and low tolerance in manufacturing [9] Group 2: Environmental Initiatives - Apple announced that over 90% of its manufacturing in China now uses renewable energy, a milestone achieved through collaboration with suppliers over the past decade [10] - AAC Technologies has joined Apple's clean energy initiatives, including projects focused on zero waste and clean water, and has implemented the use of 100% recycled copper materials in its production [10] Group 3: Talent Development - AAC Technologies and Apple have developed specialized automation training programs, resulting in 759 employees receiving training to enhance their automation skills [10] - The training initiative has led to significant skill improvements among employees, exemplified by an employee who achieved internal instructor certification [10]

Core Viewpoint - The majority of Hong Kong-listed Apple concept stocks experienced an upward trend on October 16, with significant gains reported for several companies [1] Group 1: Stock Performance - Hongteng Precision (06088.HK) increased by 6.43%, reaching HKD 6.29 [1] - BYD Electronics (00285.HK) rose by 5.73%, trading at HKD 41.36 [1] - Lens Technology (06613.HK) saw a gain of 3.47%, priced at HKD 27.46 [1] - AAC Technologies (02018.HK) experienced a 2.01% increase, with shares at HKD 40.62 [1]

消息上，国家工业和信息化部公布，工信部部长李乐成昨日在北京会见美国苹果公司首席执行官库克， 双方就苹果公司在华业务发展、加强电子资讯领域合作等议题进行交流。库克表示将继续加大在华投 资，进一步提高对华合作层次和水平，实现互利共赢发展。 苹果概念股多数表现活跃，其中，鸿腾精密涨6.4%，比亚迪电子涨近6%，蓝思科技涨3.5%，瑞声科技 涨2%，富智康集团、舜宇光学跟涨。 此外，Sabih Khan上任COO后，首次到华走访"果链"。苹果方面还透露，其在中国超过90%的生产制造 现已采用可再生能源，逾百家供应商共同促成了这一进展。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 06088 | 鸡腾精密 | 6.290 | 6.43% | | 00285 | 比亚迪电子 | 41.360 | 5.73% | | 06613 | 蓝思科技 | 27.480 | 3.54% | | 02078 | 荣阳实业 | 0.140 | 2.19% | | 02018 | 瑞声科技 | 40.620 | 2.01% | | 02038 | 富智康集团 | 1 ...

Core Viewpoint - The visit of Apple's COO Sabih Khan to AAC Technologies' factory highlights the ongoing collaboration between AAC Technologies and Apple, emphasizing their long-term partnership and future investment plans [1] Group 1: Company Collaboration - AAC Technologies has been collaborating with Apple since the iPhone 4, participating in the development of every generation of the iPhone [1] - The partnership includes cooperation on major product lines, with nine research and manufacturing bases established in China [1] Group 2: Investment and Future Plans - AAC Technologies has invested a total of $1.5 billion in its collaboration with Apple [1] - The company plans to continue increasing its investment in the future [1]

Simon:下只個股我們看看中芯國際(00981)，股價挨近保力加通道的中線，有些投資者認為可以搏反 彈。我們看看窩輪市場，選擇價外產品，或貼價的價外產品選擇不多，比如行使價在83元的產品不多， 行使價88元的產品只有2只。而行使價88.88元-89元以上的產品選擇多，產品價外幅度有10%以上，綜合 看，當前阻力位88.4元，選擇88.88元的產品是合適的。目前有6只可以選擇，槓桿4倍左右，而溢價看， 有些產品的溢價21.43%，而有的溢價高，處於24.43%，溢價差異比較大。在引伸波幅方面，有些產品 的引伸波幅65%，有些引伸波幅水平67-68%。從產品對比看，有些產品的引伸波幅低，比如引伸波幅 65%水平的產品,而溢價高一些，大概有24%以上。有些溢價低的21%，引伸波幅水平偏高。所以大家需 要做個平衡。沒有一個很完美的產品。我們通常會選擇低溢價、低引伸波幅和槓桿高的產品，但目前出 現這三個條件的產品是沒有的。在這種情況下，我們就會選擇有2個條件比較好的產品，比如槓桿高， 溢價低，而引伸波幅出於中等水平。目前981的價內產品也有一些選擇，槓桿在3-3.3倍。沒有價外的風 險，並且引伸波幅低一些，溢價也低一 ...

瑞声科技相关负责人表示，该产线借助AI技术，将产品测试时间缩短了一半以上。得益于高自动化程 度，在产品包装环节，基本做到人与产品零接触。 今年9月发布的iPhone17Pro系列首次采用均热板，以提升散热性能。瑞声科技为iPhone17Pro系列供应均 热板散热模块。 瑞声科技董事长潘政民介绍，工厂生产的超薄均热板在多项工艺上实现突破：通过苹果公司与瑞声联合 研发的弹夹工装取代传统塑料托盘，在提升物流效率的同时减少塑料浪费；应用碳纳米涂层技术，使石 墨工装耐磨性提升50%；主体生产环节使用100%回收铜材料。在注水除气环节，依托工业相机定位与 超细针头注水技术，配合真空除气处理，确保了均热板腔体的注水一致性与高真空度，以满足导热性能 需求。 中证报中证网讯(记者郑萃颖)10月14日，在苹果公司COO萨比赫.汗(Sabih Khan)到访期间，瑞声科技位 于江苏常州的工厂首次对外展示全自动化超薄均热板生产线。 ...

Core Viewpoint - Goldman Sachs released its October Asia-Pacific strategy report, highlighting a list of recommended stocks based on the "earnings revision leading indicator" criterion, focusing on Hong Kong and Chinese concept stocks [1] Group 1: Recommended Stocks - Tencent (00700.HK) is included in the list of recommended stocks [1] - Alibaba-W (09988.HK) is also featured as a buy recommendation [1] - Xiaomi-W (01810.HK) is highlighted as a potential investment opportunity [1] - AIA Group (01299.HK) is part of the recommended stocks [1] - Pinduoduo (PDD.US) is listed among the buy stocks [1] - Hong Kong Exchanges and Clearing (00388.HK) is included in the recommendations [1] - Ping An Insurance (02318.HK) is mentioned as a buy [1] - Kuaishou-W (01024.HK) is part of the recommended list [1] - Techtronic Industries (00669.HK) is highlighted as a potential investment [1] - China Pacific Insurance (02328.HK) is included in the buy recommendations [1] - Lenovo Group (00992.HK) is featured in the list [1] - ZTO Express-W (02057.HK) is also recommended [1] - Hua Hong Semiconductor (01347.HK) is part of the buy list [1] - Kingdee International (00268.HK) is included in the recommendations [1] - GDS Holdings Limited-SW (09698.HK) is highlighted as a potential investment [1] - AAC Technologies (02018.HK) is part of the recommended stocks [1] - BYD Electronic (00285.HK) is included in the buy recommendations [1] - China International Capital Corporation (03908.HK) is featured in the list [1] - Weichai Power (02338.HK) is mentioned as a buy [1] - CRRC Corporation (01766.HK) is included in the recommendations [1] - JD Logistics (02618.HK) is part of the recommended stocks [1] - Swire Pacific A (00019.HK) is highlighted as a potential investment [1] - Miniso Group (09896.HK) is included in the buy recommendations [1] - Times Electric (03898.HK) is part of the recommended list [1] - Haitian International (01882.HK) is also featured in the recommendations [1]

高盛发表10月亚太区策略报告，按「盈利重评领先指标」准则，列出最新的买入股(只列港股及中概股) 名单： 腾讯(00700.HK) 阿里巴巴-W(09988.HK) 小米-W(01810.HK) 友邦(01299.HK) 拼多多(PDD.US) 港交所(00388.HK) 中国平安(02318.HK) 快手-W(01024.HK) 创科(00669.HK) 中国财险(02328.HK) 联想集团(00992.HK) 中通快递－W(02057.HK) 华虹半导体(01347.HK) 金蝶国际(00268.HK) 万国数据-SW(09698.HK) 瑞声(02018.HK) 比亚迪电子(00285.HK) 中金公司(03908.HK) 潍柴动力(02338.HK) 中国中车(01766.HK) 京东物流(02618.HK) 太古A(00019.HK) 名创优品(09896.HK) 时代电气(03898.HK) 海天国际(01882.HK） ...

Core Viewpoint - The article emphasizes the growing importance of thermal management solutions in the electronics industry, driven by advancements in high-end smartphones, AI computing demands, and the increasing power density of electric vehicle control systems. The thermal materials industry is rapidly evolving, showcasing a vibrant ecosystem of domestic companies and innovative technologies [2]. Listed Companies - Feirongda (300602) is a leading expert in electromagnetic shielding and thermal management solutions, providing a complete product chain from thermal conductive materials to liquid cooling plates and heat spreaders. The company serves major clients like Huawei and BYD in the communication and new energy sectors [3][5]. - Siquan New Materials (301489) focuses on thermal management materials, offering a comprehensive range of products including graphite heat dissipation films and modules. The company has notable clients such as Xiaomi and Google [18][20]. - Suzhou Tianmai (301626) is recognized for its comprehensive thermal management solutions, with a strong emphasis on self-developed thermal interface materials and gel products, serving clients like Huawei and BYD [22][23]. - Zhongshi Technology (300684) specializes in high-performance synthetic graphite thermal solutions, becoming a core supplier for top global consumer electronics brands like Apple. The company reported significant revenue growth in 2024 [26][28]. - Lingyi Zhi Zao (002600) provides intelligent manufacturing services, with thermal management business revenue reaching 4.107 billion in 2024, showcasing a diverse product range [30][34]. - AAC Technologies (02018) leads in perception experience solutions, with its thermal business achieving substantial growth, particularly in the smartphone market [35]. - Shuo Beide (300322) offers antennas and thermal devices, reporting a revenue of 1.28 billion from thermal products in 2024 [36]. Financial Performance - Feirongda reported a revenue of 5.031 billion in 2024, with a net profit of 173 million, reflecting a 15.76% year-on-year growth [17]. - Siquan New Materials achieved a revenue of 656 million in 2024, marking a 51.10% increase compared to the previous year [21]. - Suzhou Tianmai's revenue for 2024 was 942 million, with a slight increase of 1.62% year-on-year [25]. - Zhongshi Technology's revenue reached 15.66 billion in 2024, with a net profit of 2.01 billion, indicating a 24.51% growth [29]. - Lingyi Zhi Zao's total revenue for 2024 was 442 billion, with a net profit of 17.59 billion, showing a 29.56% increase [34]. - AAC Technologies reported a revenue of 326 million from its thermal business, a 40.1% increase [35]. - Shuo Beide's thermal device revenue was 1.28 billion in 2024, with a total revenue of 18.6 billion [36]. Industry Trends - The thermal materials industry is characterized by rapid technological advancements and increasing domestic production capabilities, driven by the demand for efficient thermal management solutions in various high-tech applications [2]. - The article highlights the competitive landscape of the thermal materials sector, with numerous companies innovating to meet the growing needs of the electronics and automotive industries [2][3].

FF301 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 本月底法定/註冊股本總額： USD 50,000,000 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 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: 2025年10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) | 02018 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | | 50,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 本 ...