Investment Rating - The report assigns a "Buy" rating to the company for the first time, with a target price of HKD 50.76, compared to the current price of HKD 42.64 [3][9]. Core Viewpoints - The company is positioned as a leader in perception experience solutions, with deep expertise across various business sectors including acoustic devices, touch motors, optics, precision components, and XR, which is expected to drive long-term growth [6][8]. - The report highlights significant growth in the optical and automotive acoustic sectors, with a projected revenue increase of 33.4% year-on-year for 2024, driven by strong demand in consumer electronics and innovative product launches [26][27]. Summary by Sections Company Overview - The company has a strong foundation in the acoustic market since its establishment in 1993, and has diversified into optics, motors, MEMS chip design, precision components, and XR technologies, positioning itself for long-term growth [15][17]. - The ownership structure is concentrated, with the founder and family holding over 36% of shares, ensuring stability and continuity in management [20][21]. Optical Business - The optical sector is experiencing a revival in smartphone demand, with a focus on differentiated performance upgrades rather than merely increasing the number of camera modules [41][54]. - The company leads in WLG (wafer-level glass) technology, which is expected to set new trends in smartphone lens design, and has successfully launched products in the XR field [6][8][41]. Electromagnetic Transmission and Precision Components - The company is a leading supplier of linear motors, particularly in the X-axis domain, which is gaining traction in various applications beyond smartphones [8][30]. - The acquisition of Dongyang Precision is anticipated to enhance synergies in the precision components business, contributing to revenue growth [6][8]. Acoustic Business - The company maintains a strong market share in the high-end acoustic sector, with its products increasingly penetrating mid-range devices, which is expected to enhance unit value [8][30]. - The acquisition of PSS is aimed at expanding into the automotive acoustic market, leveraging synergies to capture growth opportunities [8][30]. Financial Projections - The company is projected to achieve net profits of CNY 2.36 billion, CNY 2.77 billion, and CNY 3.16 billion for the years 2025 to 2027, respectively, reflecting a robust growth trajectory [2][9]. - The report anticipates a recovery in profit margins due to improved product mix and operational efficiencies, with a gross margin expected to rise to 22.11% in 2024 [31].

Core Viewpoint - The Apple concept stocks in Hong Kong experienced a general rise, driven by Apple's significant stock price increase and strong financial performance in the Greater China region [1] Group 1: Stock Performance - Apple shares rose by 4.24% to $229.35, marking a weekly increase of 13.33%, the largest since July 2020 [1] - Apple's market capitalization surged by over $400 billion, reaching $3.4 trillion, solidifying its position as the third-largest company globally, behind Nvidia and Microsoft [1] Group 2: Financial Results - In the third quarter of fiscal year 2025, Apple's revenue from the Greater China region was $15.369 billion, reflecting a year-on-year growth of 4% [1]

格隆汇8月8日丨瑞声科技(02018.HK)公告，公司将于2025年8月21日(星期四)举行董事会会议，以批准 (其中包括)公司及其附属公司截至2025年6月30日止6个月的未经审核中期业绩，以及考虑派发中期股息 建议，如有。 ...

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，並明確表示概不就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。 (於開曼群島註冊成立之有限公司) (股份代號 : 2018) 何紹德 香港，2025年8月8日 於本公告日期，董事會成員為潘政民先生、莫祖權先生及吳春媛女士，以及三位獨立 非執行董事張宏江先生、郭琳廣先生和彭志遠先生。 代表董事會 瑞聲科技控股有限公司 聯席公司秘書 董事會會議日期 瑞聲科技控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈， 本公司將於2025年8月21日（星期四）舉行董事會會議，以批准（其中 包括）本公司及其附屬公司截至2025年6月30日止六個月的未經審核中 期業績， 以及考慮派發中期股息之建議，如有。 ...

格隆汇8月7日｜隔夜美股市场苹果股价大涨5%，刺激港股市场苹果概念股集体走强。其中，高伟电子 涨超11%，瑞声科技涨超6%，舜宇涨超5%，丘钛科技涨超3%。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面上，当地时间8月6日，苹果公司宣布将对美国追加1000亿美元投资承诺，标志着其美国投资计划 将加速推进，未来四年投资总额将达6000亿美元。当日公布的新举措包括新的美国制造计划(AMP)。苹 果CEO蒂姆·库克表示，该计划涵盖与美国本土10家企业的新合作与现有合作的深化。首批AMP合作伙 伴包括康宁、相干、环球晶圆美国公司(GWA)、应用材料、德州仪器(TI)、三星、格芯、安靠和博通。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市値 | | --- | --- | --- | --- | --- | | 01415 | 高伟电子 | 11.45% | 3 ...

隔夜美股三大指数集体收涨，苹果涨超5%，中概指数涨0.93%。港股三大指数集体高开，恒指涨 0.29%，国指涨0.24%，恒生科技指数涨0.27%。盘面上，大型科技股全线上涨，阿里巴巴涨2%，快手 涨1.38%，京东涨近1%，百度、美团、网易、腾讯均飘红，惟小米下跌3.43%；美股苹果股价大涨超 5%，港股苹果概念股闻声上涨，高伟电子涨近5%，瑞声科技、舜宇光学涨2%；AI概念股走强，赤子 城科技发盈喜大涨超9%，美图公司、心动公司、微盟集团、金山软件齐涨；钢铁股、濠赌股、建材水 泥股、高铁基建股普遍上涨。另一方面，汽车股普遍下跌，小鹏汽车跌近2%，半导体股、家电股、黄 金股部分走弱。(格隆汇) ...

Core Viewpoint - AAC Technologies (02018) has seen a stock price increase of over 6%, currently trading at HKD 43.54 with a transaction volume of HKD 266 million, following the completion of the second tranche of shares acquisition of Premium Sound Solutions (PSS) [1] Group 1: Acquisition Details - AAC Technologies has completed the acquisition of the second tranche of shares in Premium Sound Solutions, making PSS an indirect wholly-owned subsidiary [1] - The first tranche of 80% equity in PSS was completed in February of the previous year [1] - PSS is a well-established European automotive acoustics company, with its in-car speakers already dominating the market among top-tier automotive manufacturers in Europe and the US [1] Group 2: Financial Performance - According to recent research from CMB International, AAC Technologies is expected to see a year-on-year revenue growth of 24% and a net profit growth of 66% for the first half of the year [1] - The growth is driven by upgrades in acoustic and haptic product specifications from major US clients, increased orders for thermal products, acquisition of automotive acoustic clients, and improved profitability in optical business [1] Group 3: Future Outlook - Looking ahead to the second half of the year and into 2026, AAC Technologies is well-positioned to capitalize on new opportunities and trends in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics, thanks to its technological advantages across multiple product lines [1]

Core Viewpoint - AAC Technologies (02018) has seen a stock price increase of over 6%, currently trading at HKD 43.54, with a transaction volume of HKD 266 million, following the completion of the second tranche of shares acquisition of Premium Sound Solutions (PSS) [1] Group 1: Company Developments - On July 31, AAC Technologies announced the completion of the second tranche of shares acquisition of PSS, which is now an indirect wholly-owned subsidiary of AAC Technologies [1] - Last year, AAC Technologies completed the first tranche acquisition of 80% of PSS [1] - PSS is a well-established European automotive acoustics company, whose in-car speakers have already captured the market of leading automotive manufacturers in Europe and the US [1] Group 2: Financial Performance - According to a recent report by CMB International, AAC Technologies is expected to see a year-on-year revenue growth of 24% and a net profit growth of 66% for the first half of the year [1] - The growth is driven by upgrades in acoustic and haptic product specifications from major US clients, increased orders for thermal products, acquisition of automotive acoustic clients, and improved profitability in optical business [1] Group 3: Future Outlook - Looking ahead to the second half of the year and into 2026, the company is well-positioned to capitalize on new opportunities and upgrade trends in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics, thanks to its technological advantages across multiple product lines [1]

近日多家媒体和分析机构纷纷发文指出，苹果公司即将在2025年9月推出的iPhone 17系列将出现显著涨 价，其中iPhone 17 Pro起售价已突破1000美元，成为关注焦点。(格隆汇) 港股苹果概念股部分走强，其中，比亚迪电子涨超9%，瑞声科技涨超4%，舜宇光学涨超1%，通达集团 涨约1%。 | 代码 | 名称 | 最新价 涨跌幅 ▼ | | | --- | --- | --- | --- | | 00285 | 比亚迪电子 | 38.640 | 9.09% | | 02018 | 瑞声科技 | 43.120 4.15% | | | 02382 | 舜宇光学科技 | 75.450 1.07% | | | 00698 | 通达集团 | 0.113 | 0.89% | 消息上，德国手机供应商的内部消息显示，苹果今年的iPhone17系列发布会似乎定在9月9日(北京时间9 月10日凌晨)。此前，彭博社记者马克・古尔曼曾预测苹果将在9月8日当周发布iPhone17，并指出9月9 日或10日是最有可能的日期。德国运营商的这一消息与古尔曼的预测相符。 ...

Core Viewpoint - 招银国际 raised the target price for 瑞声科技 from HKD 58.78 to HKD 63.54, maintaining a "Buy" rating, reflecting strong growth in optical and precision components business [1] Group 1: Financial Performance - 瑞声科技's revenue and net profit are expected to grow by 24% and 66% year-on-year for the first half of the year, driven by upgrades in acoustic and haptic products for major US clients, increased orders for thermal products, and improved profitability in optical business [1] - Earnings per share forecasts for 2025 to 2027 have been raised by 8% to 12% due to better-than-expected growth in optical and precision structure components [1] Group 2: Market Opportunities - 瑞声科技 is well-positioned to capitalize on new opportunities in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics, leveraging its technological advantages across multiple product lines [1] - The global and Chinese smart glasses markets are expected to grow by 43% and 121% year-on-year, respectively, with 瑞声科技 benefiting from this trend as more tech companies enter the AI glasses market [2] Group 3: Product Development - In the AI glasses sector, 瑞声科技 has achieved system-level design integration of sound, light, and touch, successfully shipping products to notable domestic clients [2] - The company is transitioning to a system-level perception solution provider in the robotics field, showcasing a range of micro-motor products at CES 2025, which are applied in robotic dexterous hands [2] - In the smart automotive sector, 瑞声科技 is enhancing its physical AI ecosystem through acquisitions, with products being widely used in both traditional and new automotive brands [2]