Core Insights - The company reported a revenue of RMB 13.318 billion for the six months ending June 30, 2025, representing an 18.4% year-on-year increase, with a profit attributable to shareholders of RMB 876 million, up 63.1% [1] - The company has strengthened its market share in acoustic technology, launching innovative products such as the SLS master-level speaker and coaxial speakers, with over 17 million units shipped in the first half of 2025, a nearly 40% increase year-on-year [1] - The company is actively seizing opportunities in the smart cockpit acoustic system upgrade, achieving revenue of RMB 1.74 billion, a 14.2% increase year-on-year, and has introduced a full-stack vehicle acoustic system [2] Group 1 - The company achieved a basic earnings per share of RMB 0.76 for the first half of 2025 [1] - The company launched the industry's first master-level coaxial symmetrical dual speaker, enhancing low-frequency and high-frequency sound quality for consumers [1] - The company continues to innovate in acoustic solutions, integrating advanced hardware design, intelligent algorithms, and professional tuning services to meet complex acoustic application demands [1] Group 2 - The company announced the acquisition of Hebei Chuguang Automotive Parts Co., which enhances its vehicle acoustic system solutions with products like smart microphones and RNC sensors [2] - The optical business experienced significant growth, with revenue reaching RMB 2.65 billion, a 19.7% year-on-year increase, driven by rising optical specifications in the smartphone market [2] - The gross margin for the optical business improved by 5.5 percentage points to 10.2%, with a notable improvement in the gross margin of plastic lenses exceeding 10 percentage points year-on-year [2]

格隆汇8月21日｜瑞声科技(2018.HK)午间公告，上半年收入133.2亿元，同比增18.4%；上半年净利8.8亿 元，同比增63.1%。上半年毛利率为20.7%，同比略降0.8个百分点，主要由于产品结构变化：精密结构 件业务、光学业务和传感器及半导体业务的收入增长显著。 ...

Core Viewpoint - 瑞声科技 reported a significant increase in revenue and profit for the first half of 2025, driven by advancements in acoustic technology and market share growth [1][2] Group 1: Financial Performance - The company achieved a revenue of 13.318 billion RMB, representing an 18.4% year-on-year increase [1] - Profit attributable to shareholders was 876 million RMB, up 63.1% compared to the previous year [1] - Basic earnings per share were 0.76 RMB [1] Group 2: Acoustic Product Development - The company strengthened its market position by launching innovative acoustic products, including the SLS master-level speaker and coaxial speakers, with over 17 million units shipped, a nearly 40% increase year-on-year [1] - The introduction of the industry's first master-level coaxial symmetrical dual speaker enhances low-frequency performance and high-frequency detail for consumers [1] - The company also unveiled the thinnest speaker in the industry, measuring only 1.4mm in thickness [1] Group 3: Automotive Acoustic Systems - The company capitalized on opportunities in the smart cockpit acoustic system upgrade, achieving revenue of 1.74 billion RMB, a 14.2% increase year-on-year [2] - A flagship SUV project for a domestic new energy brand was secured, featuring a comprehensive acoustic system with 32 speakers and 40-channel amplifiers [2] - The acquisition of Hebei Chuguang Automotive Components Co., Ltd. enhances the company's capabilities in automotive acoustic solutions, including smart microphones and RNC sensors [2] Group 4: Optical Business Growth - The optical business continued to grow rapidly, with revenue reaching 2.65 billion RMB, a 19.7% year-on-year increase [2] - Both plastic lens and optical module shipments increased, with an improvement in average selling price (ASP) [2] - The gross margin for the optical segment improved by 5.5 percentage points to 10.2%, with plastic lens margins improving by over 10 percentage points [2]

格隆汇8月21日丨瑞声科技(02018.HK)公布中期业绩，2025年上半年，集团实现收入为人民币133.2亿 元，同比增长18.4%，主要产品的市场份额持续提升。集团毛利率为20.7%，同比略降0.8个百分点，主 要由于产品结构变化：精密结构件业务、光学业务和传感器及半导体业务的收入增长显著。股东应占溢 利同比增长63.1%至人民币8.76亿元，主要由于光学业务盈利性持续改善，以及精密结构件业务的高速 增长。 报告期内，集团经营性现金流入为人民币28.9亿元，同比增长9.1%，资本开支为人民币14.4亿元。截至 2025年6月30日，集团净资产负债率为4.7%，账面现金(包含短期定期存款)为人民币77.5亿元。集团将继 续提升运营效率，实行稳健的资本开支政策，所获得的强劲运营现金流将支撑集团长期健康发展与创 新。 ...

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佈的內容概不負責，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佈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） 截至2025年6月30日止六個月之中期業績公佈 瑞聲科技控股有限公司（「瑞聲科技」或「本公司」）董事（「董事」）會（「董事會」）欣然 公佈，本公司及其附屬公司（統稱為「本集團」）截至2025年6月30日止六個月（「2025年上半 年」）之未經審核中期業績連同2024年同期（「2024年上半年」）之比較數字。 該等未經審核簡明綜合財務報表已由本公司核數師德勤•關黃陳方會計師行及本公司審核及風險 委員會審閱，並經董事會於2025年8月21日批准。 2025年中期業績摘要（未經審核）： | （人民幣百萬元） | 2025年上半年 | 2024年上半年 | 按年 % | | --- | --- | --- | --- | | 收入 | 13,318 | 11,247 | +18.4% | | 毛利 | 2,754 | 2,418 | +13.9% | | ...

港股市场苹果概念股午后涨幅进一步扩大，其中，舜宇涨超9%，蓝思科技涨超3%，瑞声科技、丘钛科 技涨超2%，东江集团、高伟电子涨近2%。 本文源自：金融界AI电报 ...

据媒体消息，苹果(AAPL.US)iPhone 17已进入大规模量产阶段。富士康作为苹果iPhone的主要代工生产 商，其郑州厂区正开展旺季招工。国金证券研报称，iPhone 17有望在SoC芯片AI能力提升、散热、FPC 软板、电池及后盖等方面迎来升级及价值量提升。相关标的：京东方精电(00710)、高伟电子(01415)、 比亚迪电子(00285)、瑞声科技(02018)、蓝思科技(06613)、鸿腾精密(06088)。 据了解，苹果新一代iPhone 17系列极可能在美国时间9月9日正式发表，预计新机于9月12日开放预购、 9月19日正式开卖。由于iPhone 17 Air替代了Plus机型， 因此今年iPhone 17系列阵容为iPhone 17 Air、 iPhone 17、iPhone 17 Pro、iPhone 17 Pro Max。 其中，旗舰产品iPhone 17 Pro将迎来七大核心升级：A19 Pro芯片Pro系列将独家搭载全新A19 Pro芯片， 基础款iPhone 17则采用标准版A19芯片。传闻iPhone 17 Air将配备改良版A19。相机系统升级全系iPhone 17前置摄像 ...

Core Viewpoint - 瑞声科技 (02018) has shown strong upward momentum, breaking through key technical levels and signaling potential for further gains in the near term [1][2]. Technical Analysis - The stock price reached a high of 50.6 HKD, currently trading at 50.15 HKD, reflecting a 6.03% increase [1]. - The price has surpassed the 10-day (44.86 HKD), 30-day (41.93 HKD), and 60-day (40.45 HKD) moving averages, indicating a "buy" signal [1]. - The Relative Strength Index (RSI) is at 76, entering the overbought territory, while the Williams and Stochastic indicators also signal buying opportunities [1]. - CCI indicator shows overbought conditions, suggesting potential short-term pullback risks [1]. Support and Resistance Levels - Immediate support levels are at 45.1 HKD (Support 1) and 42.8 HKD (Support 2) [2]. - Resistance levels are identified at 52 HKD (Resistance 1) and 56.2 HKD (Resistance 2) [2]. Derivative Products Performance - A notable performance was observed in the recommended derivative products, with a call option (15694) surging by 50% during a 9.13% rise in 瑞声科技 [4]. - The 国君 call option (15427) offers a leverage of 5.5 times with an exercise price of 54.73 HKD, making it suitable for investors anticipating a breakout above 52 HKD [6]. - The 中银 call option (18352) has a slightly lower leverage of 2.8 times but offers a favorable implied volatility of 61.89%, suitable for short-term trading [6]. Market Sentiment - The market shows mixed sentiments with a 5-day volatility of 12.6%, reflecting differing opinions on future price movements [2]. - The bullish camp argues that the MACD and moving averages indicate strong short-term momentum, suggesting that any pullback could be a buying opportunity [10]. - Conversely, the cautious camp highlights the overbought RSI and potential for a price correction, advocating for strict stop-loss measures when entering positions [10].

智通财经APP获悉，美银证券发布研报称，瑞声科技(02018)受智能手机零件规格升级和光学产品业务环 境改善所带动，基本面正在好转。预计公司将实现更稳定增长并重回上行周期，因此将其评级由"中 性"上调至"买入"，同时将2025至2027年盈利预测调高4%至29%，以反映更强劲的利润率表现。相应目 标价由44港元上调至57港元，认为更具结构性的盈利增长应能支持其估值重估。 该行预计2025至2027年间，瑞声科技收入将实现双位数增长，利润率也将改善。而主要同业舜宇光学科 技(02382)转向高端市场的策略，将为瑞声在中高端市场创造更大增长空间。 ...

该行预计2025至2027年间，瑞声科技收入将实现双位数增长，利润率也将改善。而主要同业舜宇光学科 技(02382)转向高端市场的策略，将为瑞声在中高端市场创造更大增长空间。 美银证券发布研报称，瑞声科技(02018)受智能手机零件规格升级和光学产品业务环境改善所带动，基 本面正在好转。预计公司将实现更稳定增长并重回上行周期，因此将其评级由"中性"上调至"买入"，同 时将2025至2027年盈利预测调高4%至29%，以反映更强劲的利润率表现。相应目标价由44港元上调至 57港元，认为更具结构性的盈利增长应能支持其估值重估。 ...