Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Viewpoints - AI glasses are evolving from "fashion items" to essential tools for specialized scenarios, with the potential to become the next generation of independent AI smart terminals after incorporating display functions [3][7] - The global smart glasses market is expected to ship 12.05 million units in 2025, representing a year-on-year growth of 18.3%, with non-display audio glasses and audio shooting glasses expected to see shipments more than double [7] - Meta's collaboration with Oakley on new AI glasses focuses on sports scenarios, enhancing functionality and battery life, which is expected to drive market acceptance and further application in specialized fields [7] Summary by Sections Investment Suggestions and Targets - Focus on leading companies in the supply chain of AI glasses, including: 1. Complete machine and PCBA manufacturers: GoerTek (002241, Buy), Longqi Technology (603341, Not Rated), Lens Technology (300433, Buy), Luxshare Precision (002475, Buy), and Huaqin Technology (603296, Buy) [3] 2. SoC suppliers: Hengxuan Technology (688608, Buy) and Amlogic (688099, Buy) [3] 3. Component suppliers: Camera lens glass supplier Yutong Optical (300790, Not Rated), microphone and speaker supplier AAC Technologies (02018, Not Rated), and SiP module supplier Huanxu Electronics (601231, Buy) [3] 4. Waveguide manufacturers: Lantech Optical (688127, Buy), Crystal Optoelectronics (002273, Buy), and Sunny Optical Technology (02382, Buy) [3] Market Trends - The AI glasses market is experiencing rapid growth due to improved hardware and software capabilities, leading to increased value and potential upgrades in the traditional eyewear industry [7] - Major tech companies are expected to release new AI glasses products in the second half of the year, which will catalyze industry growth [7]

Core Viewpoint - Shanghai Longqi Technology Co., Ltd. announced a correction to its 2024 annual report, clarifying that the correction does not affect the financial statements or the operating performance for the year [1][2]. Group 1: Correction Details - The correction pertains to the section "Management Discussion and Analysis" under "Main Operating Conditions," specifically regarding the analysis of revenue and costs, focusing on major suppliers [1]. - The corrected figures for the top five suppliers indicate a procurement amount of 1,399,681.06 thousand yuan, which accounts for 32.21% of the total annual procurement, compared to the previously reported 1,039,671.71 thousand yuan at 43.61% [2]. - There are no related parties among the top five suppliers, and while there are new suppliers in the top five, there is no single supplier accounting for over 50% of total procurement [2]. Group 2: Additional Information - Other contents of the 2024 annual report remain unchanged, and the company expresses apologies for any inconvenience caused to investors, committing to enhance the quality of information disclosure in the future [2][3].

Core Viewpoint - The draft board diversity policy aims to enhance the governance structure of Shanghai Longqi Technology Co., Ltd. by ensuring diversity in gender, age, nationality, cultural background, education, professional skills, and industry experience among board members [1][2]. Group 1: Policy Objectives - The policy is designed to ensure a balanced and diverse representation on the board, which is seen as a key element for sustainable development and achieving strategic goals [1][2]. - The nomination committee is responsible for reviewing and assessing the composition of the board and making recommendations for new board members, emphasizing the importance of diversity [1][2]. Group 2: Measurable Goals - The identification of board candidates will consider various measurable diversity goals, including gender, age, nationality, cultural background, education, professional experience, skills, and other relevant factors [2]. - The policy outlines specific criteria for evaluating candidates, such as professional qualifications, time commitment, character, integrity, and expected contributions to the board [2]. Group 3: Monitoring and Reporting - The nomination committee will regularly evaluate the effectiveness of the policy and report on the progress of diversity goals, including gender representation on the board [2]. - The policy summary and measurable goals will be disclosed in the company's corporate governance report, with annual reviews of the implementation status [2].

Core Viewpoint - The announcement details a change in equity ownership for Shanghai Longqi Technology Co., Ltd., where major shareholders Tianjin Jinmi and Suzhou Shunwei have reduced their combined shareholding from 15.00% to 10.00% through the sale of shares, without triggering a mandatory bid or affecting the control of the company [1][2]. Summary by Sections 1. Basic Information of the Shareholders - Tianjin Jinmi Investment Partnership has a registered capital of 2.408 billion RMB and operates in venture capital and investment activities [1]. - Suzhou Shunwei Technology Venture Capital Partnership has a registered capital of 1 billion RMB and focuses on venture capital and management services [1]. 2. Details of the Equity Change - Tianjin Jinmi sold a total of 11,817,700 shares, reducing its ownership from 7.95% to 5.41% [2]. - Suzhou Shunwei sold a total of 11,437,150 shares, reducing its ownership from 7.05% to 4.59% [2]. - The combined shareholding of Tianjin Jinmi and Suzhou Shunwei decreased from 69,764,543 shares (15.00%) to 46,509,693 shares (10.00%) [2]. 3. Impact of the Equity Change - The equity change will not result in a change of the company's controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations [2].

上海龙旗科技股份有限公司 简式权益变动报告书 上市公司：上海龙旗科技股份有限公司 股票上市地：上海证券交易所 股票简称：龙旗科技 股票代码 ：603341 信息披露义务人：天津金米投资合伙企业（有限合伙）、苏州工业园区顺为科 技创业投资合伙企业（有限合伙） 注册地址： 天津金米：天津自贸试验区（空港经济区）中心大道华盈大厦-904室 苏州顺为：苏州工业园区苏虹东路183号东沙湖股权投资中心19幢2层221室 通讯地址： 天津金米：北京市海淀区西二旗中路33号小米移动互联网产业园 苏州顺为：苏州工业园区苏虹东路183号东沙湖股权投资中心19幢2层221室 股份变动性质：股份减少 简式权益变动报告书签署日期：2025年6月17日 声 明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司收购管 理办法》《公开发行证券的公司信息披露内容与格式准则第15号——权益变动报告 书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人合伙协议或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已 ...

Group 1 - The private equity industry is witnessing a trend of limiting new client subscriptions, signaling a strategic shift towards managing fund sizes to protect existing investors' interests [2][3][4] - Quantitative private equity firms, such as Yuanfu Investment and Longqi Technology, have announced plans to close certain products to new investors, while allowing existing clients to continue investing [2][3] - The rationale behind these actions includes preventing dilution of investment returns and ensuring that fund managers can maintain performance amid market volatility [4][5] Group 2 - The trend of limiting subscriptions reflects a cautious approach by private equity firms in response to current market uncertainties, indicating a focus on long-term performance rather than rapid growth [5][6] - Recent data shows that retail investor sentiment is improving, with significant net inflows into the A-share market, suggesting a potential recovery in market conditions [6][7] - Private equity firms are increasingly focusing on sectors such as semiconductors and medical devices, with a notable increase in research activity in these areas [10][11]

对《2024 年年度报告》"第三节 管理层讨论与分析"之"五、报告期内主 要经营情况"之"（一）主营业务分析"之"2、收入和成本分析"之"(7).主要 销售客户及主要供应商情况"之"B.公司主要供应商情况"进行更正： 证券代码：603341 证券简称：龙旗科技 公告编号：2025-077 上海龙旗科技股份有限公司 关于 2024 年年度报告的更正公告 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。 上海龙旗科技股份有限公司（以下简称"公司"）于2025年4月25日在上海 证券交易所网站（http://www.sse.com.cn）披露了公司《2024年年度报告》。经 公司事后检查，现需要对《2024年年度报告》的部分内容进行更正。本次更正不 涉及对公司财务报表的调整，不会对公司2024年年度的经营业绩造成影响。 一、对《2024年年度报告》的更正情况 更正前： B.公司主要供应商情况 √适用 □不适用 前五名供应商采购额 1,039,671.71 万元，占年度采购总额 43.61%；前五名供 应商无关联方。 报告期内向单个供应 ...

证券代码：603341 证券简称：龙旗科技 公告编号：2025-075 上海龙旗科技股份有限公司 关于持股 5%以上股东权益变动的提示性公告 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： ● 本次权益变动为上海龙旗科技股份有限公司（以下简称"公司"）持股 5%以上股东天津金米投资合伙企业（有限合伙）（以下简称"天津金米"）、 苏州工业园区顺为科技创业投资合伙企业（有限合伙）（以下简称"苏州顺为"） 股份卖出所致，不触及要约收购，不会使公司控股股东及实际控制人发生变化。 ● 本次权益变动后，天津金米、苏州顺为合计持有公司股份比例从 15.00% 变动至 10.00%。 公司于 2025 年 6 月 17 日收到股东天津金米、苏州顺为出具的《简式权益变 动报告书》，现将其有关权益变动情况公告如下： 一、本次权益变动基本情况 （一）信息披露义务人的基本信息 统一社会信用代码：91120116300406563H 企业类型：有限合伙企业 1.天津金米 企业名称：天津金米投资合伙企业（有限合伙） 执行事务合伙人：天津金 ...

股票上市地：上海证券交易所 股票简称：龙旗科技 上海龙旗科技股份有限公司 简式权益变动报告书 上市公司：上海龙旗科技股份有限公司 股票代码 ：603341 信息披露义务人：天津金米投资合伙企业（有限合伙）、苏州工业园区顺为科 技创业投资合伙企业（有限合伙） 注册地址： 天津金米：天津自贸试验区（空港经济区）中心大道华盈大厦-904室 苏州顺为：苏州工业园区苏虹东路183号东沙湖股权投资中心19幢2层221室 通讯地址： 天津金米：北京市海淀区西二旗中路33号小米移动互联网产业园 苏州顺为：苏州工业园区苏虹东路183号东沙湖股权投资中心19幢2层221室 股份变动性质：股份减少 简式权益变动报告书签署日期：2025年6月17日 1 声 明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司收购管 理办法》《公开发行证券的公司信息披露内容与格式准则第15号——权益变动报告 书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人合伙协议或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告 ...

上海龙旗科技股份有限公司 内幕信息管理制度（草案）（H 股发行并上市后适用） 上海龙旗科技股份有限公司 内幕信息管理制度（草案） （H 股发行并上市后适用） 第一章 总 则 第一条 为进一步规范上海龙旗科技股份有限公司（以下简称"公司"）内幕 信息管理行为，加强内幕信息保密工作，建立并完善内幕信息知情人登记管理制 度，杜绝内幕交易行为，根据《中华人民共和国公司法》（以下简称"《公司法》"） 《中华人民共和国证券法》（以下简称"《证券法》"）《证券及期货条例》（香 港法律第 571 章）《上市公司信息披露管理办法》《上海证券交易所股票上市规 则》《上市公司监管指引第 5 号——内幕信息知情人登记管理制度》《上海证券 交易所上市公司自律监管指引第 2 号——信息披露事务管理》《香港联合交易所 有限公司证券上市规则》等法律、行政法规和规范性文件、公司股票上市地证券 监管规则及《上海龙旗科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，结合公司的实际情况，特制定本制度。 第二条 本制度适用于公司、公司控股股东、实际控制人，公司各职能部门、 分公司、控股子公司及公司能够对其实施重大影响的参股公司。 第三条 ...