港股苹果概念股集体下跌，鸿腾精密跌超7%，伟仕佳杰、富智康集团、蓝思科技跟跌。 ...

Market Overview - The Hong Kong stock market opened high but experienced a decline, with the Hang Seng Index closing at 25,835.57 points, up 0.02% or 4.92 points, and a total turnover of HKD 245.136 billion [1] - The Hang Seng China Enterprises Index fell by 0.08% to 9,143.34 points, while the Hang Seng Tech Index decreased by 0.58% to 5,574.59 points [1] Sector Performance - Citic Securities predicts a rebound in the Hong Kong stock market by 2026, driven by a recovery in fundamentals and significant valuation discounts. They recommend focusing on five long-term sectors: technology, healthcare, resource products benefiting from inflation and de-dollarization, essential consumer goods, and sectors benefiting from RMB appreciation [1] - Blue-chip stocks showed mixed results, with Link REIT leading the decline, down 6.42% to HKD 38.8, while Techtronic Industries rose 5.36% to HKD 88.5 [2] Real Estate Sector - The real estate sector is highlighted as crucial for household asset allocation in China, with policies aimed at stabilizing housing prices to support economic circulation. High-quality residential properties are expected to see growth due to favorable policy changes [4] - Major real estate stocks like Sunac China and Vanke saw significant gains, with Sunac up 6.02% to HKD 1.41 [3] Technology Sector - Nvidia reported strong Q3 earnings, with revenue of USD 57 billion, a 62% year-on-year increase, and a net profit of USD 31.9 billion, up 65%. The data center business reached a record revenue of USD 51.2 billion, reflecting the ongoing AI trend [5] - Nvidia-related stocks were active, with companies like GigaDevice and Hongteng Precision seeing gains [4] Lithium Sector - Lithium stocks experienced volatility, with Tianqi Lithium and Ganfeng Lithium both closing down nearly 2%. Despite a strong demand outlook, market sentiment remains cautious due to high prices and supply concerns [6] Gold Sector - Gold stocks faced declines, with companies like Jinhai Resources and Lingbao Gold dropping over 2% [6] Notable Company Performances - Kingsoft saw a significant drop of 7.03% after reporting a 17% decline in revenue for Q3 [8] - CATL faced pressure, down 5.66%, as a large portion of its H-share IPO lock-up period ended [9] - WanGuo Data reported a 10.2% increase in net revenue for Q3, leading to a rise of 6.21% in its stock price [10] - Kingsoft Cloud's stock rose by 4.87% after reporting a 31.4% increase in total revenue for Q3 [11]

每经AI快讯，11月18日，手机产业链全线走低，截至发稿，丘钛科技(01478.HK)跌7.12%，报9.91港 元；高伟电子(01415.HK)跌4.8%，报27.36港元；鸿腾精密(06088.HK)跌4.64%，报4.93港元；比亚迪电 子(00285.HK)跌3.24%，报32.9港元。 ...

根据TrendForce集邦咨询表示，存储器步入强劲上行周期，导致整机成本上扬，并将迫使终端定价上 调，进而冲击消费市场。该机构下修2026年全球智能手机及笔记本电脑的生产出货预测，从原先的年增 0.1%及1.7%，分别调降至年减2%及2.4%。此外，若存储器供需失衡加剧，或终端售价上调幅度超出预 期，生产出货预测仍有进一步下修风险。 消息面上，2025年下半年以来，全球存储芯片行业迎来了一场罕见的普涨行情。近日，有媒体报道称， 多家手机厂商已经暂缓了本季度的存储芯片采购。OPPO、vivo等厂商库存普遍低于两个月，部分厂商 DRAM库存低于三周，在犹豫是否接受原厂接近50%的涨幅报价。 手机产业链全线走低，截至发稿，丘钛科技(01478)跌7.12%，报9.91港元；高伟电子(01415)跌4.8%，报 27.36港元；鸿腾精密(06088)跌4.64%，报4.93港元；比亚迪（002594）电子(00285)跌3.24%，报32.9港 元。 ...

消息面上，2025年下半年以来，全球存储芯片行业迎来了一场罕见的普涨行情。近日，有媒体报道称， 多家手机厂商已经暂缓了本季度的存储芯片采购。OPPO、vivo等厂商库存普遍低于两个月，部分厂商 DRAM库存低于三周，在犹豫是否接受原厂接近50%的涨幅报价。 根据TrendForce集邦咨询表示，存储器步入强劲上行周期，导致整机成本上扬，并将迫使终端定价上 调，进而冲击消费市场。该机构下修2026年全球智能手机及笔记本电脑的生产出货预测，从原先的年增 0.1%及1.7%，分别调降至年减2%及2.4%。此外，若存储器供需失衡加剧，或终端售价上调幅度超出预 期，生产出货预测仍有进一步下修风险。 智通财经APP获悉，手机产业链全线走低，截至发稿，丘钛科技(01478)跌7.12%，报9.91港元；高伟电 子(01415)跌4.8%，报27.36港元；鸿腾精密(06088)跌4.64%，报4.93港元；比亚迪电子(00285)跌3.24%， 报32.9港元。 ...

Core Viewpoint - The Hong Kong stock market saw a decline in Apple-related stocks, with significant drops in several key companies [1] Group 1: Stock Performance - Hong Teng Precision fell nearly 5%, closing at 5.100 with a market capitalization of 372.49 million and a year-to-date increase of 39.73% [2] - Q Technology dropped 3.72%, with a latest price of 10.600 and a total market value of 12.609 billion, reflecting a year-to-date increase of 70.14% [2] - Lens Technology decreased by 3.16%, priced at 24.540 and a market cap of 129.677 billion, with a year-to-date rise of 35.80% [2] - Tongda Group fell 3.05%, trading at 4.450 with a market capitalization of 866 million, showing a year-to-date increase of 9.88% [2] - Sunny Optical Technology declined by 2.90%, with a latest price of 67.050 and a market cap of 73.407 billion, down 1.86% year-to-date [2] - BYD Electronics saw a drop of 2.37%, priced at 33.800 and a market value of 76.158 billion, reflecting an 18.42% decrease year-to-date [2] Group 2: Other Notable Stocks - FIH Mobile experienced a slight decline of 0.86%, with a price of 18.470 and a market cap of 14.465 billion, showing a year-to-date increase of 100.76% [2] - East China Group Holdings fell by 0.79%, trading at 2.500 with a market capitalization of 2.083 billion, reflecting a year-to-date rise of 16.88% [2] - Gao Wei Electronics decreased by 0.48%, priced at 28.840 and a market cap of 25.035 billion, with a year-to-date increase of 1.91% [2] - VST Holdings saw a minor drop of 0.34%, trading at 8.680 with a market value of 12.411 billion, reflecting a year-to-date increase of 75.60% [2]

港股苹果概念股走弱，鸿腾精密跌超5%，丘钛科技、蓝思科技、舜宇光学科技跟跌。 ...

Core Insights - Hongteng Precision reported a revenue of 3.629 billion USD for Q3 2025, marking an 11.98% year-on-year increase, with a profit of 105 million USD, up 3.88% [1] - The company showcased its advanced 224G high-speed interconnect and liquid cooling technologies at the OCP Global Summit 2025, addressing the challenges of high bandwidth and power consumption in AI data centers [1][2] - Hongteng is transitioning from a connector manufacturer to a key enabler of AI infrastructure, focusing on building a green and efficient data center ecosystem [2] AI Data Center Solutions - Hongteng presented a complete interconnect and cooling solution for next-generation data centers, including a leading 224G OSFP cold plate liquid cooling architecture that enhances energy efficiency and cabinet density [1] - The company introduced a 1.6T passive copper cable solution that balances performance, cost, and power consumption, catering to the economic and scalability needs of large-scale AI deployments [1] Electric Vehicle Charging Market - Hongteng is expanding into the Middle East charging market through its joint venture, Smart Mobility, which showcased a comprehensive EV charging ecosystem at the EV Auto Show Riyadh 2025 [3] - Smart Mobility plans to commercialize its charging pile operation management platform (CPMS) by early 2026, supporting the development of localized and intelligent charging infrastructure in Saudi Arabia [3] Strategic Outlook - The company is leveraging its "3+3" strategy to strategically position itself in the AI data center and electric vehicle sectors, focusing on breakthroughs in optical modules, high-speed connectors, and liquid cooling technologies [4] - Revenue projections for 2025-2027 are estimated at 4.915 billion USD, 5.558 billion USD, and 6.274 billion USD, with net profits of 177 million USD, 219 million USD, and 269 million USD respectively [4]

Investment Rating - The investment rating for the company is "Buy" and maintained as "Increase" [6]. Core Insights - The company is leveraging its "3+3" strategy to strategically position itself in the AI data center and electric vehicle sectors, accelerating breakthroughs in optical modules, high-speed connectors, and liquid cooling technologies. The company is transforming the AI wave into sustainable profit growth momentum, making its profit outlook promising [3][6]. Summary by Relevant Sections Financial Performance - For the third quarter of 2025, the company reported revenue of $3,629 million, representing a year-on-year growth of 11.98%. The profit for the period was $105 million, showing a year-on-year increase of 3.88% [3]. Technological Advancements - The company showcased its capabilities at the OCP Global Summit 2025, focusing on high bandwidth and high power consumption challenges in AI and high-performance computing. Key highlights included the global leading 224G OSFP liquid cooling architecture and high架 OSFP connector system, which enhance energy efficiency and cabinet density [6]. - The company is transitioning from a connector manufacturer to a key enabler of AI infrastructure, promoting the construction of green and efficient data center ecosystems [6]. Market Expansion - The company is accelerating its entry into the Middle East charging market through its joint venture, Smart Mobility, which aims to establish a localized and intelligent charging infrastructure in Saudi Arabia. The company plans to commercialize its charging management platform in early 2026 [6]. Revenue Projections - The company expects its revenue to reach $4,915 million, $5,558 million, and $6,274 million for the years 2025, 2026, and 2027, respectively, with net profits projected at $177 million, $219 million, and $269 million [6].

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，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島以鴻騰精密科技股份有限公司的名稱註冊成立的有限公司， 並以鴻騰六零八八精密科技股份有限公司於香港經營業務） （股份代號：6088） 重續持續關連交易 (1)框架銷售協議 (4)物流框架協議 (5)一般服務及費用分擔（開支）框架協議（鴻海作為服務供應商） (6)物業租賃框架協議 (7)退休金墊付框架協議 (8)設備購買框架協議 重續框架協議 (1) 框架銷售協議 於二零二五年十一月十四日，本公司與鴻海協定框架銷售協議之條款及條 件，期限自二零二六年一月一日起至二零二六年十二月三十一日止，據 此，本集團已同意向鴻海集團出售各種互連解決方案及其他相關產品。本 公司曾與鴻海訂立一份條款大致相同之協議，期限自二零二三年一月一日 起至二零二五年十二月三十一日止。 1 (2)框架購買協議 (3)框架模具零件協議 (2) 框架購買協議 於二零二五年十一月十四日，本公司與鴻海協定框架購買協議之條款及條 件，期 ...