过去一个多月内，悬而未决的中美关税谈判终于落地。 今日下午3点，《中美日内瓦经贸会谈联合声明》（以下简称《联合声明》）正式公布，中美双方宣布大幅降低双边关税水平，相关内容被市场广 泛认为超出预期。 《联合声明》发布时A股刚收市，港股市场反响积极，应声拉升。截至下午4点收盘，恒生指数、恒生科技指数分别大涨2.98%、5.16%。面对突如 其来的"意外之喜"，各大券商研究所今日晚间纷纷进行加班解读。 中美关税谈判超预期落地 《联合声明》今日下午一经公布便引发广泛关注。商务部新闻发言人就此发表谈话指出，"本次中美经贸高层会谈取得实质性进展，大幅降低双边 关税水平，美方取消了共计91%的加征关税，中方相应取消了91%的反制关税；美方暂停实施24%的'对等关税'，中方也相应暂停实施24%的反制关 税。这一举措符合两国生产者和消费者的期待，也符合两国利益和世界共同利益。" 每经记者｜王海慜 每经编辑｜彭水萍 一些密切关注此次关税谈判的券商分析师也深有感触。看到《联合声明》后，某券商研究所所长激动地表示，"我觉得我已经是够乐观的了，没想 到会大超预期。" "我们在4月7日坚决看多，并不依赖外部假设。今日，中美协议的积极变化 ...

Market Overview - The recent US-China talks exceeded market expectations, leading to a significant surge in the Hang Seng Index by 2.98% with trading volume reaching 322.4 billion [1] - The ceasefire agreement between India and Pakistan has positively impacted both countries' stock markets, with Pakistan's KSE-30 index soaring by 9.2%, marking its largest increase since 2008 [1] US-China Trade Relations - The US announced a suspension of a 24% tariff set to take effect on April 2, 2025, while maintaining a 10% tariff, effectively reducing the overall tariff on Chinese goods from 145% to 30% [2] - This significant concession from the US is attributed to several factors, including the need to replenish dwindling inventories and the urgency to achieve results ahead of the upcoming elections [3] Sector Performance - The consumer electronics sector, particularly companies within Apple's supply chain, benefited the most from the tariff reductions, with stocks like Highway Electronics and AAC Technologies rising over 13% [4] - Automotive parts suppliers with significant North American business exposure, such as Minth Group and Quanfeng Holdings, saw stock increases of nearly 10% [4] Financial Sector Response - Major financial institutions, including Hongye Futures and CITIC Securities, experienced stock price increases of over 6%, reflecting positive market sentiment following the trade talks [5] Individual Company Highlights - Midea Group reported a record revenue of 128.4 billion yuan in Q1 2025, a 20.61% year-on-year increase, and plans to enhance its overseas presence through strategic partnerships [10] - The company is also making strides in the commercial air conditioning sector and aims to expand its robotics division with new product testing scheduled for May [11] International Relations and Infrastructure - Brazilian President Lula's visit to China aims to strengthen bilateral relations and discuss infrastructure projects, including a railway connecting Brazil to China, which could reshape international trade logistics [8]

Group 1: 3D Printing Technology Development - The development of smart manufacturing technology has made 3D printing an important force in cultivating new productive forces in China [1] - 3D printing technology is transitioning from an optional choice to a necessary option in high-end manufacturing fields such as aerospace [7] - The global 3D printing market is expected to reach $88.3 billion by 2030, while the Chinese 3D printing equipment market is projected to exceed 120 billion yuan by 2029, with a compound annual growth rate of approximately 19.5% from 2024 to 2029 [7] Group 2: Company Activities in 3D Printing - Companies like Protolabs predict significant growth in the 3D printing market, indicating a robust future for the industry [7] - A-share market has over 30 stocks related to 3D printing, with companies like Jinggong Technology focusing on robot-related 3D printing equipment [7] - Aitide has developed 3D printing zirconia ceramic technology and has received FDA and NMPA registration for its high solid content printing materials [7] Group 3: Market Performance and Trends - The average increase of 3D printing concept stocks is 17.18% year-to-date, with four stocks seeing cumulative gains over 50% [10] - Sixteen 3D printing concept stocks have seen a daily average trading volume increase of over 10% since May, with five stocks doubling their trading volume [11] - As of May 12, eight stocks have a rolling price-to-earnings ratio below 40, indicating potential investment opportunities [11]

新华财经上海5月12日电（林郑宏）受《中美日内瓦经贸会谈联合声明》发布提振，5月12日港股尾盘大 幅上扬，恒生指数收盘涨近3%，恒生科技指数涨超5%。 苹果概念股领涨市场，瑞声科技（02018.HK）收盘涨15.37%，舜宇光学科技（02382.HK）涨14.83%， 比亚迪电子（00285.HK）涨13.79%。 A股"果链"公司股价此前亦表现不俗，蓝思科技（300433）收盘涨9.63%，立讯精密（002475）涨 6.36%，歌尔股份（002241）涨5.61%。 在5月12日发布的最新调研记录中，立讯精密董事长王来春在回复投资者提问时称，美国加征关税对公 司业绩影响非常有限，因为公司产能全球化多年来随着市场及客户的要求，已进行了完整布局。对于近 期股价出现较大幅度波动，王来春表示，公司经营状况良好，相信随着公司良好业绩的体现，一切担心 会消失，股价也会回归企业的价值面。 （文章来源：新华财经） 据中证报消息，记者日前从供应链公司人士处获悉，苹果给供应商提供的出货目标指引为2026年下半年 推出首款折叠屏手机，是一款"大折叠屏iPhone"，该供应链公司表示，希望进入折叠屏iPhone的关键部 件供应商 ...

Group 1 - The joint statement from the China-US Geneva trade talks led to a significant rise in global risk assets, with the Hang Seng Index gaining nearly 700 points [1] - The Hang Seng Technology Index increased by 5.16%, while the Hang Seng Index and the National Enterprises Index rose by 2.98% and 3.01%, respectively [2] - Major technology stocks surged, with JD.com and Alibaba both rising over 6%, and financial stocks also performed well [2][4] Group 2 - The technology sector saw substantial gains, with stocks like Bilibili, JD.com, Kuaishou, and Alibaba all increasing by over 6% [4] - Apple-related stocks experienced a significant boost, with companies like GoerTek and AAC Technologies rising by over 18% and 15%, respectively, following price adjustments for iPhone models [5][6] - Financial stocks, particularly Chinese brokerage firms, showed strong performance, with China International Capital Corporation rising over 7% [7] Group 3 - Shipping stocks also saw notable increases, with China COSCO Shipping Holdings rising over 8% [8] - Conversely, gold stocks faced sharp declines, with Lingbao Gold and Chifeng Jilong Gold dropping over 11% due to reduced safe-haven demand following the easing of US-China trade tensions [9] - Biopharmaceutical stocks fell, with companies like BeiGene and CanSino Biologics experiencing declines of over 8% and 5%, respectively, due to announcements regarding drug price reductions in the US [10] Group 4 - Southbound capital saw a net sell-off of HKD 18.528 billion, indicating a cautious sentiment among investors [11] - Morgan Stanley expressed optimism about the progress in trade negotiations, leading hedge funds to increase their long positions in Chinese stocks [12]

Core Viewpoint - The announcement from Sunny Optical Technology indicates a significant increase in the shipment volume of automotive lenses, while the smartphone camera module shipments have experienced a decline, highlighting mixed performance across different product segments [1] Group 1: Automotive Lens Shipments - The shipment volume of automotive lenses is projected to reach 11,566 thousand units in April 2025, representing a year-on-year increase of 28.9% and a quarter-on-quarter increase of 17.8% [1] Group 2: Smartphone Camera Modules - The shipment volume of smartphone camera modules is reported to be 39,247 thousand units, showing a year-on-year decline of 14.1% [1] Group 3: Other Optoelectronic Products - The shipment volume of other optoelectronic products stands at 3,688 thousand units, reflecting a year-on-year increase of 14.4% [1]

消息面上，今日午后，中美日内瓦经贸会谈联合声明发布，双方承诺将于2025年5月14日前采取修改加 征的从价关税等系列举措。 券商板块拉升 券商板块盘中强势拉升，截至收盘，锦龙股份涨8.5%，盘中一度涨停；华鑫股份、东方财富、中国银 河等涨超4%，中信证券涨近3%。 | 代码 | 名称 | . | 涨幅% | 现价 | 张跌 | 头价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 000712 锦龙股份 | | R | 8.53 | 12.60 | 0.99 | 12.59 | 12.60 | 685177 | | 600621 | 华鑫股份 | R | 4.97 | 14.16 | 0.67 | 14.16 | 14.17 | 385028 | | 300059 | 东方财富 | R | 4.27 | 21.72 | 0.89 | 21.72 | | 524.9万 | | 601881 | 中国银河 | R | 4.23 | 16.50 | 0.67 | 16.50 | | 16.51 120.4万 | | 0026 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the stock prices of several companies related to Apple, indicating a positive market reaction [1] Group 2 - Gawe Electronics (01415.HK) saw a nearly 18% increase in its stock price [1] - BYD Electronics (00285.HK) experienced a 15% rise [1] - Sunny Optical Technology (02382.HK) also rose by 15% [1] - AAC Technologies (02018.HK) had a stock price increase of 14% [1]

Group 1 - The Hang Seng Technology Index increased by over 5%, while the Hang Seng Index rose by more than 3% [1] - Sunny Optical Technology surged approximately 17%, and AAC Technologies experienced a rise of around 16% [1]

Group 1 - The Hong Kong stock market saw a significant rise in Apple-related stocks, with Sunny Optical Technology (02382.HK) increasing by over 16% [1] - GoerTek (01415.HK) experienced an 18% rise, indicating strong investor interest [1] - AAC Technologies (02018.HK) rose by more than 15%, reflecting positive market sentiment [1] - Q Tech (01478.HK) saw an increase of over 13%, contributing to the overall trend in Apple-related stocks [1]