每经头条（nbdtoutiao）——与美元脱钩后，暴涨102倍，揭秘黄金疯涨背后神秘的"无形之手"！专家： 推动金价上涨的逻辑没有变 （记者 王瀚黎） 每经AI快讯，*ST波导（SH 600130，收盘价：3.92元）10月9日晚间发布公告称，截至2025年9月30日， 公司以集中竞价交易方式已累计回购股份约181万股，占公司总股本的比例为0.2415%，购买的最高价 为3.3元/股、最低价为3.27元/股，支付的金额约为594万元。 2025年1至6月份，*ST波导的营业收入构成为：手机及配件占比34.52%，车载中控板占比25.76%，智能 设备占比22.31%，其他占比14.48%，其他业务占比2.93%。 截至发稿，*ST波导市值为29亿元。 ...

宁波波导股份有限公司 证券代码：600130 证券简称：*ST 波导 公告编号：2025-028 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025 年 4 月 29 | 日 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 5 21 日~2026 5 | | 年 | 月 | 20 | 日 | | 预计回购金额 | 6,000万元~12,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 181.14万股 | | | | | | | 累计已回购股数占总股本比例 | 0.2415% | | | | | | | 累计已回购金额 | 5 ...

消息面上，天眼查9月17日消息显示，蓝思科技注册成立全资子公司蓝思光电科技(长沙)有限公司，主 营业务涵盖光学仪器、虚拟现实设备、显示器件、新型光学材料及眼镜制造等领域。据了解，作为全球 多家头部AI眼镜客户的核心模组供应商及Rokid整机组装商，蓝思科技已实现从光学镜片、功能模组到 整机组装的全流程覆盖，其技术优势更直接体现在合作项目中。公开信息显示，蓝思科技为Rokid眼镜 提供独家整机组装及核心模组供应，其中光波导镜片便应用了定制化镀膜技术。 兴业证券此前指出，根据维深wellsenn XR调研统计，2024年中国AR销量为18万台，海外AR销量为32万 台，预计2025年全球AR销量为65万台，同比增长30%，2025年AR眼镜主要增长来源于光波导信息提示 类型AI+AR眼镜的增长，预计到2027年全球AR销量有望突破150万台。该行认为，目前AR眼镜市场发 展主要依赖于C端的进一步渗透，光波导与微显示技术持续发展，AR眼镜未来有望持续轻量化降本， 在消费级市场大规模落地。 （原标题：港股异动 | 蓝思科技(06613)午前涨超7% 注册成立AR研究领域子公司 机构看好光波导技术 引领AR产业升级） ...

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Lens Technology, which rose over 7% to HKD 27.78, with a trading volume of HKD 519 million [1] - Lens Technology has established a wholly-owned subsidiary, Lens Optoelectronics Technology (Changsha) Co., Ltd., focusing on optical instruments, virtual reality devices, display components, new optical materials, and eyewear manufacturing [1] - As a key module supplier for several leading AI eyewear clients and the assembler for Rokid devices, Lens Technology has achieved full-process coverage from optical lenses to functional modules and complete assembly, showcasing its technological advantages [1] Group 2 - According to a report by Industrial Securities, the projected sales of AR devices in China for 2024 is 180,000 units, while overseas sales are expected to reach 320,000 units, with global AR sales anticipated to grow by 30% to 650,000 units by 2025 [1] - The growth of AR eyewear is primarily driven by the consumer market's penetration, with advancements in waveguide and micro-display technologies expected to lead to lighter and more cost-effective AR glasses [1] - By 2027, global AR sales are forecasted to exceed 1.5 million units, indicating a robust growth trajectory for the AR eyewear market [1]

Core Viewpoint - The company is actively developing AR glasses optical systems using Micro-LED and waveguide technology, currently in the research and development phase, and maintains a close partnership with Meta for VR glasses applications [1] Group 1 - The company has laid out plans for AR glasses optical systems, focusing on Micro-LED and waveguide technology [1] - The company is in the research and development stage for these emerging product technologies [1] - Meta is a significant end customer for the company, with successful application of its backlight display products in Meta's VR glasses [1] Group 2 - The company continues to maintain a close cooperative relationship with Meta [1]

Core Viewpoint - The company reported a decrease in revenue but an increase in net profit, indicating a strategic shift towards high-margin products and cost optimization in a challenging market environment [1][3]. Revenue Summary - The company achieved operating revenue of 37.549 billion, a year-on-year decrease of 7.02% [1]. - Revenue breakdown by product: - Smart hardware business generated 20.341 billion, a year-on-year increase of 2.49%, accounting for 54.17% of total revenue with a gross margin increase of 2.27 percentage points to 11.51% [2]. - Smart acoustic device business generated 8.324 billion, a year-on-year decrease of 34.92%, accounting for 22.17% of total revenue with a gross margin increase of 0.1 percentage points to 9.93% [2]. - Precision components business generated 7.604 billion, a year-on-year increase of 20.54%, accounting for 20.25% of total revenue with a gross margin increase of 1.03 percentage points to 23.49% [2]. - Other business revenue was 1.280 billion, a year-on-year decrease of 11.01%, accounting for 3.41% of total revenue [2]. Profitability Summary - The net profit attributable to shareholders was 1.417 billion, a year-on-year increase of 15.65% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.033 billion, a year-on-year decrease of 12.72% [1]. - Operating costs were 32.491 billion, a year-on-year decrease of 9.08% [1]. Regional Revenue Breakdown - Overseas business generated 32.061 billion, a year-on-year decrease of 13.28%, accounting for 85.38% of total revenue [2]. - Domestic business generated 5.488 billion, a year-on-year increase of 60.95%, accounting for 14.62% of total revenue [2]. Strategic Developments - The company invested 2.135 billion in R&D, accounting for 5.69% of operating revenue, focusing on emerging fields like XR optics and AI glasses [4]. - The company is deepening partnerships with leading tech firms such as Meta, Xiaomi, and Samsung, positioning itself for growth in consumer smart terminals [4]. - Recent acquisitions, including Hong Kong Mia and Changhong Limited, aim to enhance core component capabilities and reduce supply chain costs [4]. - A planned share issuance by the subsidiary Goer Optical to acquire 100% of Shanghai Aolai is expected to strengthen competitive advantages in the micro-nano optics field [4]. Future Profit Projections - Expected net profits attributable to shareholders for 2025-2027 are projected to be 3.572 billion, 4.209 billion, and 5.044 billion respectively [5].

Core Viewpoint - The significant reduction in costs for optical display systems is expected to catalyze the smart glasses market, with a new AR optical solution priced between 1500-2000 yuan, disrupting the current market average of over 3000 yuan [1][2]. Group 1: Company Overview - Gu Dong Intelligent, founded in 2017, is transitioning to the consumer market after establishing a leading position in the B2B sector, particularly in industrial AR applications [2][4]. - The company has over 500 global partners and its products are sold in more than 130 countries, with a market share exceeding 35% in China's industrial AR B2B market [5][4]. Group 2: Technology and Innovation - The newly launched "one-to-two" AR optical solution utilizes LCoS and PVG technology, significantly reducing the number of core display units and thus costs [1][8]. - Gu Dong Intelligent has achieved a cost reduction in core materials, with self-developed GDPA3 light orientation dye costing only 1/10 of imported products, and production costs for waveguides reduced by 60%-90% [1][11]. Group 3: Market Strategy - The company aims to produce over 10 million units by 2026, leveraging its B2B revenue to fund C2D market development, which is projected to be a trillion-yuan market [7][12]. - Gu Dong Intelligent positions itself as a technology supplier rather than a brand, focusing on providing components to major manufacturers like Huawei and Xiaomi [12][15]. Group 4: Future Outlook - The establishment of a 200,000-piece PVG waveguide production line is expected to lower the cost of waveguide pieces by 80%, potentially bringing the overall device price down to around 1000 yuan [11][12]. - The company anticipates a surge in demand for AR combined with AI technologies, projecting around 10,000 units shipped by the end of the year [11][12].

Core Viewpoint - The article discusses the evolution and decline of various Chinese mobile phone brands, highlighting the competitive landscape and the challenges faced by companies like Waveguide, Gionee, and Meitu, while also emphasizing the rise of new leaders in the industry. Group 1: Market Dynamics - Huawei and Apple are in direct competition, with Huawei's Mate XT and Apple's iPhone 17 series launching in September [6][10] - The latest IDC report indicates that by Q2 2025, Huawei is expected to regain the top position in the domestic market with an 18.1% share, followed closely by Vivo and OPPO [9][10] - The combined market share of Huawei, Xiaomi, OPPO, and Vivo accounts for approximately 66% of the Chinese smartphone market, indicating a strong domestic presence [10] Group 2: Historical Context - Over the past 20 years, more than 87 mobile phone brands have disappeared in China, with a survival rate of less than 15% [11] - Waveguide was the first Chinese brand to gain significant market share in the feature phone era, achieving sales of 700,000 units in 2000 and becoming the top domestic brand for four consecutive years [19] - The launch of the first iPhone in 2007 marked a significant shift in the mobile phone industry, leading to the decline of feature phone giants like Nokia [21][23] Group 3: Brand Decline - Gionee, once a leader in the market, faced a decline due to late entry into the smartphone segment and poor product reception, leading to its eventual bankruptcy in 2018 [27][28] - Meitu and Douwai targeted the female market but failed to maintain their competitive edge as other brands improved their camera technology and overall value [30][37] - The entry of cross-industry players like Haier and Gree into the smartphone market was marked by poor performance and eventual exit due to lack of market presence [40][41] Group 4: Lessons Learned - The article emphasizes that successful marketing and distribution strategies alone are insufficient; companies must also focus on technology and innovation to survive in the competitive landscape [28][49] - The experiences of brands like Meizu and Smartisan illustrate the risks of prioritizing product aesthetics over market demands and operational capabilities [50][57] - The evolution of the smartphone industry in China reflects a shift from following global trends to establishing new standards and innovations [66][67]

Group 1 - The company *ST Boda (600130.SH)* announced that as of August 31, 2025, it has repurchased a total of 1,811,400 shares through centralized bidding, which represents 0.2415% of the company's total share capital [1] - The highest purchase price for the repurchased shares was 3.30 CNY per share, while the lowest was 3.27 CNY per share [1] - The total amount spent on the share repurchase was 5,939,560.00 CNY, excluding transaction fees [1]

证券代码：600130 证券简称：*ST 波导 公告编号：2025-027 宁波波导股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 宁波波导股份有限公司董事会 公司于 2025 年 4 月 25 日召开第九届董事会第十二次会议、2025 年 5 月 21 日召开 2024 年年度股东大会，审议通过了《关于以集中竞价交易方式回购股份的 议案》，同意使用自有资金以集中竞价交易方式以不超过 4.50 元/股（含）价格进 行股份回购，回购资金总额不低于人民币 6,000 万元（含）且不超过人民币 12,000 万元（含），回购用途为用于员工持股计划或股权激励。本次回购的期限为股东大 会审议通过后 12 个月。内容详见公司 2025 年 4 月 29 日和 2025 年 5 月 22 日在 上海证券交易所网站（www.sse.com.cn）披露的《波导股份关于以集中竞价交易 方式回购股份的方案》和《*ST 波导关于以集中竞价交易方式回购股份的回购报告 书》。 二、回 ...