Group 1 - Foxconn is reportedly in talks with Nvidia to deploy humanoid robots at the new Houston factory [1] - The Houston factory will produce Nvidia's artificial intelligence servers [1]

6月3日港股公司回购一览 腾讯控股回购数量99.40万股，回购金额5.00亿港元，回购最高价为505.000港元，最低价为501.000港 元，年内累计回购金额270.31亿港元；友邦保险回购数量600.00万股，回购金额4.03亿港元，回购最高 价为67.650港元，最低价为66.550港元，年内累计回购金额114.12亿港元；快手-W回购数量200.00万 股，回购金额1.02亿港元，回购最高价为51.350港元，最低价为50.950港元，年内累计回购金额19.11亿 港元。 以金额进行统计，6月3日回购金额最多的是腾讯控股，回购金额为5.00亿港元；其次是友邦保险，回购 金额为4.03亿港元；回购金额居前的还有快手-W、恒安国际等。回购数量上看，6月3日回购股数最多 的是友邦保险，当日回购量为600.00万股；其次是中远海发、有赞等，回购数量分别为462.70万股、 200.00万股。 值得关注的是，非凡领越本次回购为年内首次进行回购。本次回购5.00亿港元的腾讯控股，年内则进行 多次回购，合计回购金额为270.31亿港元。（数据宝） 证券时报·数据宝统计显示，6月3日有40家香港上市公司进行了股份回购 ...

Summary of Key Points Core Viewpoint - On May 19, 38 Hong Kong-listed companies conducted share buybacks, totaling 38.39 million shares and an aggregate amount of HKD 831 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 979,000 shares for HKD 500 million, with a highest price of HKD 516.50 and a lowest price of HKD 503.00, bringing its total buyback amount for the year to HKD 21.53 billion [1][2]. - AIA Group repurchased 2.34 million shares for HKD 154 million, with a highest price of HKD 66.40 and a lowest price of HKD 64.75, totaling HKD 8.93 billion in buybacks for the year [1][2]. - China COSCO Shipping repurchased 5.56 million shares for HKD 79.36 million, with a highest price of HKD 14.40 and a lowest price of HKD 14.12, accumulating HKD 3.83 billion in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on May 19 was from Tencent Holdings at HKD 500 million, followed by AIA Group at HKD 154 million [1][2]. - In terms of share quantity, the largest buyback was conducted by Jieli Trading at 9.18 million shares, followed by China COSCO Shipping at 5.56 million shares and NetEase Technology at 4.67 million shares [1][2]. Group 3: Additional Buyback Information - Country Garden Services conducted its first buyback of the year, while Tencent Holdings has made multiple buybacks totaling HKD 21.53 billion [2][3]. - A detailed table of buybacks on May 19 includes various companies, their respective buyback shares, amounts, highest and lowest prices, and cumulative buyback amounts for the year [2][3].

Summary of Key Points Core Viewpoint - On May 13, 39 Hong Kong-listed companies conducted share buybacks, totaling 24.76 million shares and an amount of 321 million HKD [1][2]. Group 1: Share Buyback Details - AIA Group repurchased 3.72 million shares for 231.19 million HKD, with a highest price of 63.20 HKD and a lowest price of 61.75 HKD, accumulating a total buyback amount of 8.44 billion HKD for the year [1][2]. - Times Electric repurchased 750,700 shares for 24.87 million HKD, with a highest price of 33.20 HKD and a lowest price of 32.85 HKD, totaling 1.23 billion HKD in buybacks for the year [1][2]. - Swire Pacific A repurchased 300,000 shares for 20.97 million HKD, with a highest price of 70.00 HKD and a lowest price of 69.60 HKD, accumulating 1.66 billion HKD in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on May 13 was from AIA Group at 231.19 million HKD, followed by Times Electric at 24.87 million HKD [1][2]. - In terms of share quantity, the largest buyback was from COSCO Shipping Development with 5 million shares, followed by Ying Group and AIA Group with 4 million shares and 3.72 million shares respectively [1][2].

Group 1 - The article reports on share buybacks conducted by various companies on May 12, 2025, with AIA Group (01299) having the largest buyback amount of 1.25 billion, purchasing 2 million shares [1][2] - Other notable buybacks include China COSCO Shipping Holdings (01919) with 4.21 million shares bought back for 53.77 million, and Times Electric (03898) with 1.43 million shares for 47.22 million [2][3] - The total number of shares repurchased by AIA Group in the year reached 5.93 billion, accounting for 5.276% of its total share capital [2] Group 2 - China Hongqiao Group (01378) repurchased 1.13 million shares for 15.96 million, representing only 0.380% of its total share capital [2] - Swire Properties (00019) bought back 181,000 shares for 12.67 million, with a total annual repurchase of 5.56 million shares, which is 6.652% of its total [2] - The buyback activity reflects a trend among companies to utilize excess cash for share repurchases, potentially signaling confidence in their financial health [1][2]

公告称，公司因积极优化客户组合，审慎选择符合战略目标的客户，2025年12月31日全年的销售额可能 出现同比微幅下跌。然而，客户及产品的调整预计可改善毛利率。此外，通过节降经营开支，该集团不 断提高效率及维持财务弹性，预计该等举措将使其2025年上半年的财务业绩与去年同期相比有所改善。 智通财经APP讯，富智康集团(02038)公布，于2025年第一季度，该集团实现营业收入及其他经营收入约 10.17亿美元，同比增长1.91%;期间溢利107.2万美元，同比扭亏为盈。 影响财务业绩的负面因素如下：集团未充分利用及闲置的资产对财务造成持续不利影响;集团的外汇收 益减少，本期间为290万美元，对比2025年第一季度为790万美元，这主要是由于美元兑几乎所有货币贬 值;本期间主要来自中国大陆和印度的政府补贴减少400万美元;美国加征关税对全球贸易和手机市场造 成潜在负面影响。 影响财务业绩的正面因素如下：车载电子业务的销售额增加;生产线设备╱机器人业务的销售额增加;客 户和产品组合的转变，使毛利率有所改善，由去年同期的 1.61%改善至本期间 3.17%(因由传统手机解决 方案转向获利率更高的行业领域，特别是智能制 ...

Financial Performance - The company reported a revenue of $5,702.9 million for 2024, a decrease of 11.5% compared to 2023[6]. - The loss attributable to shareholders for 2024 was $20.3 million, significantly improved from a loss of $120.7 million in 2023[6]. - The company achieved profitability in the second half of 2024, demonstrating the effectiveness of strategic initiatives[6]. - The company reported a consolidated net loss for the period, with various factors contributing to this performance, which are expected to continue affecting the first half of 2025[23]. - The financial performance for the year ending December 31, 2024, has been audited and is detailed in the consolidated financial statements[22]. - The company has experienced fluctuations in operating performance historically, which may continue in future periods[23]. - The first quarter's performance is typically weaker due to the impact of the Spring Festival holiday, particularly in mainland China, Vietnam, and Taiwan[23]. - The company reported consolidated revenue of $5,702.9 million, a decrease of $742.9 million or 11.5% compared to $6,445.8 million in the same period last year[50]. - The net loss attributable to shareholders was $20.3 million, an improvement from a net loss of $120.7 million in the same period last year, due to enhanced operational efficiency[51]. - Gross profit for the period was $134.6 million, up $24.8 million from $109.8 million in the same period last year, with a gross margin of 2.36% compared to 1.70% last year[51]. - Operating expenses decreased to $142.3 million from $219.4 million, a reduction of $77.1 million, attributed to workforce adjustments and restructuring efforts[52]. - The company plans to focus on high-margin industries and clients, terminate unprofitable businesses, and restructure underperforming operations to enhance efficiency[54]. - The company expects sufficient financial resources to meet operational and capital expenditure needs for the next eighteen months[54]. Strategic Initiatives - The company is focusing on a diversified strategy to reduce reliance on the volatile mobile phone market[7]. - R&D investment is being increased based on a "2+2" framework to drive technological advancements and new revenue streams[7]. - The company aims to enhance its core competitiveness through improved integration of hardware and software[7]. - The company has implemented a "2+2" industry and technology strategy to actively expand into automotive electronics, robotics, artificial intelligence (AI), and next-generation communication technologies[28]. - The automotive communication device (T-BOX) developed by the company has begun mass production and delivery, marking a significant milestone in entering the global automotive supply chain[28]. - The company is actively expanding its presence in the robotics industry, leveraging existing core technologies to drive long-term business investments[11]. - The leadership team emphasizes strong partnerships with stakeholders to enhance product success and operational efficiency[11]. - The company is strategically deploying key account managers in various regions to improve communication and gain insights into demand patterns, enhancing contract signing and demand visibility[29]. - The company is collaborating with CarLink to accelerate the development of innovative products for smarter in-car experiences[63]. - The company is focusing on diversifying its operational bases to mitigate supply chain risks, adopting strategies like "China Plus One" and "Taiwan Plus One" to reduce dependency on specific countries[64]. Leadership and Management - The company appointed Lin Chia-Yi as Executive Director and CEO starting July 1, 2024, bringing over 28 years of experience in the communications and computer industry[11]. - Lin is leading the development of core artificial intelligence technologies and focusing on new business development in the robotics sector as part of the "3+3" strategy, which includes electric vehicles, digital health, and robotics[11]. - Dr. Kuo Wen-Yi has over 30 years of experience in wireless communication product development and has been with the company since December 2014, currently serving as Deputy Manager[12]. - Zhang Chuan-Wang has over 31 years of experience in the information and communication technology industry and has been with Hon Hai Technology Group since May 2009, focusing on operational control and performance analysis[13]. - Liu Shao-ki has over 40 years of experience in corporate governance, finance, and risk management, serving as an independent non-executive director since December 2004[14]. - Chen Shu-juan has over 36 years of experience in the financial industry and was appointed as an independent non-executive director on May 19, 2023[15]. - The company has a strong management team with extensive experience in finance and operations, including key personnel with over 35 years in the financial sector[17][19]. - The leadership team is dedicated to fostering talent development and maintaining high operational standards across all business units[11]. Market and Industry Trends - The company is facing competitive pressure in the electronic manufacturing services (EMS) industry due to excess capacity among peers, leading to price declines[30]. - The consumer electronics and mobile phone market is expected to face significant challenges in 2024, with moderate growth forecasted for the mobile phone market and a less optimistic outlook for 2025[40]. - Emerging technologies such as AI capabilities and new device forms like foldable displays are gaining market attention, driven by consumer preferences for seamless integration with smart home and IoT applications[40]. - The smartphone market is facing increased competition and profit erosion due to limited demand and aggressive pricing strategies from regional competitors[66]. - The smartphone market is facing challenges from inflation, high interest rates, and extended replacement cycles, which complicate differentiation and increase competition[116]. - Geopolitical tensions are impacting global trade and investment decisions, creating market uncertainties[32]. - The group is facing uncertainties and challenges in the macro environment for the first half of 2025, with potential impacts on consumer demand and market dynamics[121]. Sustainability and ESG Initiatives - The company emphasizes sustainable development in operations and supply chains, adhering to high governance standards[8]. - The company is committed to creating long-term value for shareholders through environmental, social, and governance (ESG) initiatives[8]. - The company is committed to achieving the United Nations Sustainable Development Goals and has actively implemented sustainability management strategies[124]. - The company has adopted a code of conduct that integrates ESG and corporate social responsibility, providing guidance for management and employees[125]. - The company aims to achieve ISO 14001 environmental management standards and the EU Eco-Management and Audit Scheme[127]. - The company is participating in the Science Based Targets initiative (SBTi) and Climate Action 100+ to strengthen climate governance and implement greenhouse gas reduction across its value chain[128]. - The company has established a dedicated department to ensure compliance with various environmental regulations, including RoHS and REACH[130]. - The group achieved a "low risk" rating of 15.3 in the 2024 Sustainalytics ESG risk assessment[134]. - Seven factories (four in China, two in Vietnam, and one in Mexico) received UL 2799 certification for zero waste to landfill, with six factories achieving platinum certification and one achieving gold certification[134]. Regulatory and Compliance - The new VAT law in mainland China will take effect on January 1, 2026, introducing significant changes that may impact business operations, including the treatment of input tax credits[91]. - The revised Company Law in mainland China will be implemented on July 1, 2024, affecting corporate governance and compliance costs for foreign-invested enterprises[92]. - The company is closely monitoring the implementation of the new VAT law and its potential impact on operations in mainland China[91]. - The company plans to adjust its governance structure and compliance practices to align with the new Company Law in mainland China[92]. - The company will continue to assess the implications of the new foreign investment law and the revised Company Law in mainland China on its operations[93]. Investments and Acquisitions - The company acquired Nokia brand feature phone business assets for a total of $350 million, including $20 million to be paid by HMD, with goodwill of $79.4 million fully impaired in 2018 due to poor performance[80]. - The company invested $38.3 million in HMD convertible bonds, which have been fully converted, resulting in a total investment representing 14.38% of HMD's issued shares[80]. - The company invested $40 million in Mobile Drive, a joint venture with Stellantis, focusing on automotive technology and V2X solutions[83]. - The company committed to invest $3.85 million in Kaihong Energy, a green energy investment platform, aiming for sustainable development in renewable energy[87]. Employee and Workforce Management - The company emphasizes employee development and retention, focusing on providing equal employment opportunities, competitive compensation, and a supportive work environment[43]. - The total number of employees as of December 31, 2024, is 31,568, down from 36,657 on December 31, 2023[48]. - Total employee costs for the year amount to $269 million, slightly down from $270 million in the previous year[48]. - The company has implemented a performance-based compensation policy to reward good performance, contributions, and productivity[48]. - The group implemented a minimum wage increase in Vietnam, resulting in a labor cost increase of approximately 6%[96]. - The company maintains a 100% compliance rate for employee morale initiatives, including participation in a code of conduct program[47]. Related Party Transactions - The procurement agreement sets annual caps for transactions with Hon Hai Technology Group at $1,611 million for 2023, $1,964 million for 2024, and $2,395 million for 2025[158]. - The product sales framework agreement establishes annual caps for sales transactions with Hon Hai Technology Group at $3,813 million for 2023, $4,381 million for 2024, and $5,034 million for 2025[162]. - The company believes that engaging in product sales transactions with Hon Hai Technology Group will enhance revenue and asset utilization[162]. - The company has complied with pricing policies for ongoing related party transactions, ensuring that transactions are conducted at fair and reasonable terms[192].

Group 1 - Apple-related stocks collectively opened higher, with notable increases: High伟电子 up 12.08% to HKD 23.2, 富智康集团 up 9.46% to HKD 0.81, 丘钛科技 up 8.2% to HKD 6.73, 比亚迪电子 up 6.53% to HKD 35.1, 舜宇光学 up 6.18% to HKD 69.6, and 瑞声科技 up 6.17% to HKD 38.7 [1] - The U.S. Customs and Border Protection announced that the federal government has agreed to exempt electronic products such as smartphones, computers, and chips from the so-called "reciprocal tariffs" [1] - The exemption applies to electronic products entering the U.S. after April 5, and companies can seek refunds for tariffs already paid [1] Group 2 - 华泰证券 believes that the impact on the Apple supply chain in China is limited, primarily because many supply chain companies have production capacity or sales networks in Southeast Asia [2] - Brands have prepared sufficient inventory to support U.S. demand in the short term, which may limit supply chain price pressures [2] - The stock price corrections have already reflected most potential negative impacts, and there is optimism for valuation recovery as tariff policy effects diminish and the long-term competitiveness of Chinese companies is recognized [2]

Core Viewpoint - The Hong Kong stock market saw a significant rise in Apple-related stocks, driven by the exclusion of certain products from the previously announced "reciprocal tariffs" by the U.S. Customs and Border Protection [1] Group 1: Stock Performance - Highwei Electronics (01415.HK) increased by 12.08% - FIH Mobile (02038.HK) rose by 9.46% - Q Technology (01478.HK) gained 8.20% - Sunny Optical Technology (02382.HK) climbed 6.18% - AAC Technologies (02018.HK) went up by 6.17% [1]

Group 1 - The Hong Kong stock market saw a strong performance in Apple-related stocks, with notable increases in share prices for several companies [1] - Highwei Electronics surged over 30%, while AAC Technologies rose more than 20% [1] - Sunny Optical Technology experienced a 15% increase, BYD Electronics rose by 14%, and FIH Mobile also gained 14% [1] - Q Technology saw an increase of over 10% in its stock price [1] Group 2 - A-share accounts can now directly purchase Hong Kong stocks, allowing for T+0 trading, which enables same-day buying and selling without the risk of being stuck in positions [1]