Group 1 - The stock of Lens Technology (06613.HK) has increased by over 7%, currently up 7.04% at HKD 27.08 [2] - The trading volume reached HKD 237 million [2]

Core Viewpoint - Lens Technology has achieved significant growth in the embodied intelligent hardware manufacturing sector, positioning itself as a leading global platform in this industry [1] Group 1: Company Performance - Lens Technology's stock rose by 7.04%, reaching HKD 27.08, with a trading volume of HKD 237 million [1] - The company has successfully scaled its delivery capabilities, with projections of 3,000 humanoid robots and over 10,000 quadruped robotic dogs expected to be shipped by 2025 [1] Group 2: Strategic Developments - The company received an order for 10,000 quadruped robotic dogs from Yujian Robotics, indicating strong demand for its products [1] - The first product from their collaboration, the Rover X1, a household intelligent robot priced at RMB 7,499, has already seen over 5,000 coupons claimed on its launch day [1] Group 3: Market Position and Growth Potential - According to a report from Industrial Securities, Lens Technology is recognized as a leading precision manufacturing platform, with its consumer electronics business serving as a foundation for diversified growth in sectors like smart automotive, AI glasses, and humanoid robots [1] - The company is noted for its exceptional technological innovation, vertical integration of the supply chain, and strong client relationships with major industry players such as Apple, Tesla, and Meta, which are expected to drive future performance [1]

Core Viewpoint - Haitong International has initiated coverage on Lens Technology (06613) with an "Outperform" rating and a target price of HKD 36.5, indicating a potential upside of 46.7% [1] Company Summary - Lens Technology is positioned as a leading platform in the full industrial chain of smart terminals, benefiting significantly from the innovation cycle of major clients [1] - The company is expected to experience accelerated growth in the next two years, with profit growth anticipated to outpace revenue growth [1] Financial Projections - Revenue projections for Lens Technology from 2025 to 2027 are estimated at RMB 87.407 billion, RMB 110.547 billion, and RMB 133.141 billion respectively [1] - Net profit attributable to shareholders is projected to be RMB 4.785 billion, RMB 6.801 billion, and RMB 8.362 billion for the same period [1]

Group 1 - Apple concept stocks in Hong Kong continue to decline, with notable drops including: Q Technology down nearly 5%, VST Holdings and Sunny Optical down 3.6%, and FIH Mobile down 3.3% [1] - Other companies such as AAC Technologies, BYD Electronics, and Hon Teng Precision also saw declines of nearly 3%, while Lens Technology dropped nearly 2% [1] - The decline in stock prices is attributed to the delay in the launch of Apple's AI feature "Apple Intelligence," originally planned for mid-2025 in the Chinese market [1] Group 2 - Apple's third-quarter financial report revealed a 3.6% year-on-year decline in sales from the Greater China region, which did not meet analysts' expectations of accelerating growth from over 4% in the second quarter to 9.3% [1]

Investment Rating - The report initiates coverage with an "OUTPERFORM" rating, targeting a price of HK$36.50, indicating a potential upside of 46.7% from the current price of HK$24.90 [2][3]. Core Insights - The company is positioned as a leading platform provider in the smart terminal manufacturing industry, benefiting from the innovation cycle of major clients in smartphones and computers over the next three years. The strategic innovation in ultra-thin automotive laminated glass is expected to drive growth, while previous margin pressures from overseas factories are anticipated to ease [3][4]. - The report forecasts revenue growth for the company, estimating revenues of RMB 87.41 billion, RMB 110.55 billion, and RMB 133.14 billion for 2025, 2026, and 2027 respectively, with net profits of RMB 4.79 billion, RMB 6.80 billion, and RMB 8.36 billion during the same period [2][3]. Company Overview - The company started with glass processing and has evolved into a global leader in the smart terminal manufacturing industry, providing comprehensive precision manufacturing solutions. It has expanded its business into various fields, including smartphones, computers, smart vehicles, and humanoid robots [4][10]. - The company has achieved vertical integration across the entire supply chain, from raw material production to assembly, and has diversified into new areas such as smart automotive and robotics [4][10]. Industry Situation - The consumer electronics sector is experiencing a revival driven by new technology innovations and a replacement cycle, particularly in smartphones. Global smartphone shipments are projected to reach 1.24 billion units in 2024, marking a 6.4% year-on-year increase [18][19]. - The automotive market is also growing rapidly, with smart vehicle sales expected to rise from 73.2 million units in 2025 to 92.1 million units by 2029, driven by increasing demand for smart features [25][26]. - The humanoid robotics market is anticipated to grow significantly, with the market size expected to increase from USD 2.3 billion in 2025 to USD 12.9 billion by 2029, reflecting a CAGR of 54.4% [28][29]. Financial Data - For the first three quarters of 2025, the company reported revenues of RMB 53.66 billion, a year-on-year increase of 16.08%, and a net profit of RMB 2.84 billion, up 19.91% year-on-year. The smartphone and computer segment remains the primary revenue source, accounting for over 80% of total revenue [31][34]. - The automotive and cockpit business also showed steady growth, with revenues of RMB 3.17 billion in the first half of 2025, reflecting a 16.45% year-on-year increase [34].

Core Viewpoint - Lens Technology (06613) has repurchased approximately 3.684 million A-shares, representing 0.07% of the company's total A-share capital, with a total expenditure of approximately 107.87 million yuan [1] Summary by Categories Share Buyback - The company has repurchased around 3.684 million A-shares as of October 31, 2025 [1] - This repurchase accounts for 0.07% of the total A-share capital of the company [1] - The highest transaction price during the buyback was 30.24 yuan per share, while the lowest was 22.50 yuan per share [1] - The total amount spent on the buyback was approximately 107,871,803.03 yuan [1]

Lens Technology Co., Ltd. 藍 思 科 技 股 份 有 限 公 司 (於中華人民共和國註冊成立的股份有限公司) 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 之 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 概不就因本公告全部或任何部份内容而產生或因 衛賴該等內容而引致之任何損失 承擔任何責任。 公告编号:临 2025-086 蓝思科技股份有限公司 ( 股 份 代 號 ： 6613 ) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 菇 載 列 藍 思 科 技 股 份 有 限 公 司 ( 本 公 司 J 於 深 圳 證 券 交 易 所 網 站 ( w w w .szse.cn) 及 巨 潮 資 訊 網(www.cninfo.com.cn)刊登的公告如下，僅供參閱。 承董事會命 藍 思 科 技 股 份 有 限 公 司 童事長 周 群 飛 香港,2025年11月4日 於 本公告日期,本公司董事會成員包括執行董事周群飛女士、鄭俊龍先生及饒橋 ...

海外監管公告 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 之 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 概不就因本公告全部或任何部份内容而產生或因 衛賴該等內容而引致之任何損失 承擔任何責任。 Lens Technology Co., Ltd. 藍 思 科 技 股 份 有 限 公 司 (於中華人民共和國註冊成立的股份有限公司) ( 股 份 代 號 ： 6613 ) 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 菇 載 列 藍 思 科 技 股 份 有 限 公 司 ( 本 公 司 J 於 深 圳 證 券 交 易 所 網 站 ( w w w .szse.cn) 及 巨 潮 資 訊 網(www.cninfo.com.cn)刊登的公告如下，僅供參閱。 承董事會命 藍 思 科 技 股 份 有 限 公 司 童事長 周 群 飛 香港,2025年11月4日 於 本公告日期,本公司董事會成員包括執行董事周群飛女士、鄭俊龍先生及饒橋兵先生;及獨立非執行董事 萬 焯 女 士 、 劉 岳 ...

Core Viewpoint - Lens Technology (06613) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Category Company Actions - The company plans to repurchase 1,084,800 A-shares at a total cost of RMB 30.9357 million [1] - The buyback price per share is set between RMB 28.44 and RMB 28.60 [1]

FF305 公司名稱： 藍思科技股份有限公司 呈交日期： 2025年11月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 300433 | 說明 | A 股 (於深圳證劵交易所上市) | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 ...