（文章来源：每日经济新闻） 每经AI快讯，8月5日，港股苹果概念股走高，比亚迪电子(00285.HK)涨超8%，伟仕佳杰(00856.HK)涨 5.8%，瑞声科技(02018.HK)涨2.6%，富智康(02038.HK)涨1.6%。 ...

智通财经获悉，瑞声科技(02018)涨超3%，截至发稿，涨2.72%，报41.25港元，成交额8397.01万港元。 消息面上，近日，瑞声科技发布公告，有关建议收购Acoustics Solutions International B.V.的公布。建议 交易事项的第二批次完成已于2025年7月31日按照买卖协议的条款进行。第二批次购买价按股东协议厘 定，而第二批次股份的总购买价为1.286亿美元连同利息。在第二批次完成后，目标公司成为本公司的 间接全资附属公司。 据信报财经报道，得益于去年2月收购Premium Sound Solutions公司(PSS)，瑞声科技车载声学业务发展 神速，收入达35.2亿元，毛利率为24.8%。PSS的车载扬声器早已占据欧美一线车厂市场，被瑞声科技收 购后，已成功向理想、小米、吉利、小鹏等国内新能源车企供货。车载NLC Pro算法(一种音频处理算 法)也已首次定点全球头部豪车品牌。 公开资料显示，PSS公司总部位于比利时，是拥有50年历史的欧洲老牌汽车声学公司，有着多元化的全 球制造布局，客户涵盖了主流的汽车品牌，包括奥迪、宝马、奔驰、路虎、别克等，全球市场份额达到 了15% ...

据信报财经报道，得益于去年2月收购Premium Sound Solutions公司(PSS)，瑞声科技车载声学业务发展 神速，收入达35.2亿元，毛利率为24.8%。PSS的车载扬声器早已占据欧美一线车厂市场，被瑞声科技收 购后，已成功向理想、小米、吉利、小鹏等国内新能源车企供货。车载NLC Pro算法(一种音频处理算 法)也已首次定点全球头部豪车品牌。 公开资料显示，PSS公司总部位于比利时，是拥有50年历史的欧洲老牌汽车声学公司，有着多元化的全 球制造布局，客户涵盖了主流的汽车品牌，包括奥迪、宝马、奔驰、路虎、别克等，全球市场份额达到 了15%-20%，中高端市场的份额占比更多。 智通财经APP获悉，瑞声科技(02018)涨超3%，截至发稿，涨2.72%，报41.25港元，成交额8397.01万港 元。 消息面上，近日，瑞声科技发布公告，有关建议收购Acoustics Solutions International B.V.的公布。建议 交易事项的第二批次完成已于2025年7月31日按照买卖协议的条款进行。第二批次购买价按股东协议厘 定，而第二批次股份的总购买价为1.286亿美元连同利息。在第二批次完成 ...

Core Viewpoint - AAC Technologies has completed the acquisition of the second batch of shares in Premium Sound Solutions (PSS), making PSS an indirect wholly-owned subsidiary of AAC Technologies [1] Group 1: Acquisition and Market Impact - AAC Technologies acquired 80% of PSS in February last year, leading to a steady increase in its global automotive market share and the establishment of a vertically integrated solution encompassing speakers, amplifiers, algorithms, and tuning services [3] - The automotive acoustics business of AAC Technologies has seen rapid growth, with revenue reaching 3.52 billion yuan and a gross margin of 24.8% [3] - PSS's automotive speakers have captured significant market share among top-tier automotive manufacturers in Europe and the US, and after the acquisition, AAC Technologies has successfully supplied to domestic new energy vehicle companies such as Li Auto, Xiaomi, Geely, and XPeng [3] Group 2: Ratings and Market Position - Moody's has upgraded the rating outlook for AAC Technologies from "stable" to "positive," citing the ongoing synergy effects from the acquisition of PSS and improvements in the company's diversified business structure [3] - CLSA's latest research report indicates that AAC Technologies is the sole supplier of the Xiaomi SU7 smart cockpit speakers, and the Xiaomi YU7 series smart cockpit speakers are co-developed with AAC Technologies, with all units supplied by AAC Technologies [3] Group 3: PSS Company Profile - PSS, headquartered in Belgium, is a well-established European automotive acoustics company with 50 years of history and a diversified global manufacturing layout [4] - PSS serves mainstream automotive brands, including Audi, BMW, Mercedes-Benz, Land Rover, and Buick, with a global market share of 15%-20%, and a higher proportion in the mid-to-high-end market [4]

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 截至月份: 2025年7月31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8月1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 | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.01 | USD | | 5 ...

报告指，根据行业数据，预期今年全球与中国的智能眼镜市场将分别实现43%与1.21倍的同比增长。随 着更多科技企业进入AI眼镜市场，成本优化与生成式AI应用场景的扩展，将在未来数年持续推动需 求，而科技供应链将受惠。当中，主要科技品牌如小米集团-W(01810)，该行予目标价65.91港元;光学元 件厂商如丘钛科技(01478)，目标价13.21港元;扬声器与麦克风零件公司瑞声科技(02018)，目标价63.54 港元，均予"买入"评级。 招银国际发布研报称，持续看好AI眼镜产业的蓬勃发展，认为Ray-Ban Meta眼镜上半年强劲增长逾两 倍、小米AI眼镜50万件出货量目标、各品牌丰富的产品管线，以及持续扩展的生态系统与人工智能功 能及应用场景，将为相关供应链今年下半年的增长铺路。 ...

Group 1 - The report from 招银国际 highlights the strong growth potential of the AI glasses industry, with Ray-Ban Meta glasses experiencing over 200% growth in the first half of the year and Xiaomi targeting a shipment goal of 500,000 AI glasses [1] - The global smart glasses market is expected to achieve a year-on-year growth of 43%, while the Chinese market is projected to grow by 121% this year [1] - Major technology brands, including Xiaomi Group-W (01810), are recommended for investment, with a target price of HKD 65.91, alongside optical component manufacturers like 丘钛科技 (01478) with a target price of HKD 13.21, and speaker and microphone component company 瑞声科技 (02018) with a target price of HKD 63.54, all receiving "buy" ratings [1] Group 2 - The expansion of the ecosystem and applications of artificial intelligence will continue to drive demand for AI glasses in the coming years, benefiting the technology supply chain [1] - The entry of more tech companies into the AI glasses market, along with cost optimization and the expansion of generative AI applications, is expected to sustain demand growth [1]

Group 1 - The report from CMB International expresses a strong outlook on the AI glasses industry, highlighting significant growth in the Ray-Ban Meta glasses, which saw over a twofold increase in sales in the first half of the year [1] - Xiaomi aims for a shipment target of 500,000 units for its AI glasses, indicating robust demand and a rich product pipeline across various brands [1] - The report anticipates a 43% year-on-year growth in the global smart glasses market and a 121% growth in the Chinese market for this year [1] Group 2 - The entry of more tech companies into the AI glasses market, along with cost optimization and the expansion of generative AI applications, is expected to drive demand in the coming years [1] - Key technology brands such as Xiaomi have a target price of HKD 65.91, while optical component manufacturers like Cowell have a target price of HKD 13.21, and speaker and microphone component company AAC Technologies has a target price of HKD 63.54, all rated as "buy" [1]

招银国际发表研究报告指，持续看好AI眼镜产业的蓬勃发展，认为Ray-Ban Meta眼镜上半年强劲增长逾 两倍、小米AI眼镜50万件出货量目标、各品牌丰富的产品管线，以及持续扩展的生态系统与人工智能 功能及应用场景，将为相关供应链今年下半年的增长铺路。报告指，根据行业数据，预期今年全球与中 国的智能眼镜市场将分别实现43%与1.21倍的按年增长。随着更多科技企业进入AI眼镜市场，成本优化 与生成式AI应用场景的扩展，将在未来数年持续推动需求，而科技供应链将受惠。当中，主要科技品 牌如小米，目标价65.91港元；光学元件厂商如丘钛科技，目标价13.21港元；扬声器与麦克风零件公司 瑞声科技，目标价63.54港元，均予"买入"评级。 ...

Core Viewpoint - Moody's has confirmed AAC Technologies Holdings Inc.'s "Baa3" issuer rating and senior unsecured debt rating, upgrading its outlook from stable to positive, reflecting the company's leading position in acoustic and haptic components, improving business diversification, and strong financial health [1] Group 1: Financial Performance and Projections - Moody's expects AAC Technologies' revenue to grow approximately 10% annually over the next 12-18 months, driven by a strong product portfolio and increasing customer penetration [1] - The EBITDA margin is projected to remain around 19% in 2024, with adjusted debt to EBITDA ratio expected to decrease to approximately 2.0 times by the end of 2025 due to increasing EBITDA and stable debt levels [1] Group 2: Business Segments - In the optical business, AAC Technologies has established itself as a key supplier, with significant contributions from high-end products and improved production efficiency, expected to be a continuous profit source in the next 12-18 months [2] - The automotive business is benefiting from synergies gained from the acquisition of Premium Sound Solutions (PSS), enhancing product diversification and market exposure [2] - The optical business has achieved a CAGR of 36% since 2019, with revenue projected to exceed 5 billion RMB in 2024, and the company ranks among the top three globally in optical lens shipments [2] - The automotive acoustic business is also experiencing rapid growth, with revenue of 3.52 billion RMB and a gross margin of 24.8%, with products widely used in both traditional and luxury automotive brands [3]