Group 1 - The core point of the article is that GoerTek Inc. has increased its registered capital from approximately 980 million yuan to about 1.06 billion yuan [1] - GoerTek Inc. was established in 2012 and its business scope includes manufacturing and sales of optical instruments, virtual reality devices, and display components [1] - The company is jointly held by Goer Group (002241) and others [1]

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of GoerTek Inc, indicating a significant increase in stock price and trading activity [1][2] - As of September 1, GoerTek's stock price was 35.98 CNY per share, with a market capitalization of 125.62 billion CNY, and a year-to-date stock price increase of 40.21% [1] - The company has seen a net outflow of 61.24 million CNY in principal funds, with large orders showing a mixed buying and selling pattern [1] Group 2 - GoerTek's main business segments include smart hardware (54.17%), smart acoustic devices (22.17%), and precision components (20.25%) [1] - For the first half of 2025, GoerTek reported a revenue of 37.55 billion CNY, a year-on-year decrease of 7.02%, while net profit attributable to shareholders increased by 15.65% to 1.42 billion CNY [2] - The company has distributed a total of 4.96 billion CNY in dividends since its A-share listing, with 1.71 billion CNY distributed in the last three years [3] Group 3 - As of June 30, 2025, GoerTek had 357,500 shareholders, an increase of 4.86% from the previous period, with an average of 8,627 circulating shares per shareholder [2] - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 106 million shares, a decrease of 20.42 million shares from the previous period [3]

Asia Pacific Equity Research 25 August 2025 Neutral 002241.SZ, 002241 CH Price (25 Aug 25): Rmb30.96 Price Target (Jun-26): Rmb26.50 Prior (Jun-26): Rmb22.50 China | Adj. EPS (Rmb) | | | | | --- | --- | --- | --- | | | 2024A | 2025E | 2026E | | Q1 | 0.11 | 0.13A | 0.17 | | Q2 | 0.25 | 0.27A | 0.20 | | Q3 | 0.33 | 0.29 | 0.41 | | Q4 | 0.09 | 0.24 | 0.35 | | FY | 0.76 | 0.93 | 1.12 | Style Exposure | Quant | Current | | Hist %Rank (1=Top) | | | | --- | --- | --- | --- | --- | --- | | Factors | %Rank | 6M | 1Y ...

Market Performance - The three major indices experienced cumulative gains this week, with the Shanghai Composite Index rising by 0.84%, the Shenzhen Component Index increasing by 4.36%, and the ChiNext Index up by 7.74% [1] - Over 1,700 stocks saw price increases, particularly in the chip, semiconductor, and rare earth permanent magnet sectors [1] Index Details - Shanghai Composite Index: +0.37%, closing at 3,828 points with a trading volume of 1,221.7 billion [3] - Shenzhen Component Index: +0.99%, closing at 12,696 points with a trading volume of 1,576.6 billion [3] - ChiNext Index: +2.23%, closing at 2,890 points with a trading volume of 763.8 billion [3] Notable Stocks - The stock "Kaipu Cloud" surged by 133.74%, leading the gains, while 33 stocks increased by over 30% this week [4][5] - The communication sector had the highest number of stocks with over 30% gains, totaling 6 stocks, followed by the computer sector with 5 stocks [4] Trading Activity - 80 stocks had a turnover rate exceeding 100%, with "Chuanrun Shares" leading at 229.85% [6][7] - The computer, basic chemicals, machinery, and communication sectors had a significant presence among stocks with high turnover rates [6] Fund Flows - No industry saw net inflows from major funds this week, with 11 industries experiencing net outflows exceeding 10 billion [8] - "Gaoer Shares" received the highest net inflow at 1.921 billion, while "Langchao Information" faced the largest net outflow at 3.241 billion [8] Margin Trading - "Shenghong Technology" topped the list for net margin purchases with 4.528 billion, followed by "Hanwuji-U" and "Zhongxin International" with 3.031 billion and 2.868 billion respectively [11][12] Institutional Research - "Mairui Medical" attracted the most attention from institutions, with 397 institutions participating in its research [13][14] - The sectors of focus for institutional research included pharmaceuticals, electronic components, chemicals, and photovoltaics [13] New Institutional Interests - 131 stocks received initial attention from institutions this week, with "Yangnong Chemical" receiving a "Buy" rating and a target price of 93.52 yuan [16][17] - Other stocks like "Tai Ling Micro" and "Dazhu CNC" also garnered initial interest from multiple institutions [16]

Industry Summary - No industry experienced net inflow of main funds this week [1] - Eleven industries, including computer, electronics, machinery equipment, pharmaceutical biology, and automotive, faced net outflows exceeding 10 billion [1] Company Summary - The top three companies with net inflows of main funds were GoerTek, Tongfu Microelectronics, and Huadian Technology, with inflows of 1.921 billion, 1.227 billion, and 1.152 billion respectively [1] - The companies with the highest net outflows were Inspur Information, Lingyi iTech, and Tsinghua Tongfang, with outflows of 3.241 billion, 3.138 billion, and 3.064 billion respectively [1]

| 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 兵装重组概念 | 3.57 | 智谱AI | -2.60 | | 钠离子电池 | 2.41 | WiFi 6 | -2.59 | | 石墨电极 | 2.32 | 华为欧拉 | -2.41 | | 同花顺出海50 | 2.14 | 星闪概念 | -2.24 | | 固态电池 | 2.14 | 数字水印 | -2.15 | | 减肥药 | 1.80 | 汽车芯片 | -2.07 | | PVDF概念 | 1.74 | F5G概念 | -2.03 | | 金属钴 | 1.70 | 电子纸 | -2.00 | | 盐湖提锂 | 1.69 | 国资云 | -1.97 | | 金属镍 | 1.67 | 云办公 | -1.96 | 资金面上看，今日星闪概念板块获主力资金净流出49.27亿元，其中，55股获主力资金净流出，14股主 力资金净流出超亿元，净流出资金居首的是中兴通讯，今日主力资金净流出13.58亿元，净流出资金居 前的还有润和软件、四川长虹、淳中科技等，主力资金分别净流出9.85亿元、6.2 ...

沪指8月29日上涨0.37%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为综合、电力设备， 涨幅分别为3.86%、3.12%。跌幅居前的行业为家用电器、交通运输，跌幅分别为1.82%、1.69%。电子 行业今日下跌0.74%。 资金面上看，两市主力资金全天净流出694.70亿元，今日有7个行业主力资金净流入，电力设备行业主 力资金净流入规模居首，该行业今日上涨3.12%，全天净流入资金31.31亿元，其次是食品饮料行业，日 涨幅为2.42%，净流入资金为16.26亿元。 主力资金净流出的行业有24个，计算机行业主力资金净流出规模居首，全天净流出资金173.04亿元，其 次是电子行业，净流出资金为131.12亿元，净流出资金较多的还有通信、银行、机械设备等行业。 电子行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 688981 | 中芯国际 | -3.74 | 8.25 | -192097.50 | | 002600 | 领益智造 | -4.43 | 9.31 | -1919 ...

歌尔股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开了第六届董事 会第三十一次会议及第六届监事会第二十六次会议，审议通过了《关于注销 2023 年股票期权激励计划首次授予部分第一个行权期到期未行权股票期权的议案》，2023 年股票期权激励计划首次授予部分第一个行权期内激励对象共计自主行权 7,731.0722 万份，到期未行权 6.9 万份，董事会同意公司注销上述已获授但尚未行权 的股票期权共计 6.9 万份。具体内容详见公司于 2025 年 8 月 28 日在信息披露媒体 巨潮资讯网 http://www.cninfo.com.cn、《证券时报》《中国证券报》《上海证券报》《证 券日报》上披露的相关公告。 经中国证券登记结算有限责任公司深圳分公司审核确认，公司上述股票期权注 销事宜已于 2025 年 8 月 28 日办理完毕。 公司本次注销股票期权事项符合《上市公司股权激励管理办法》《歌尔股份有限 公司 2023 年股票期权激励计划（草案）（修订稿）》等相关规定。本次注销的股票期 权尚未行权，注销后不会对公司总股本及股本结构造成影响，不存在损害公司及全 体股东特别是中小股东利益的情况。 ...

Market Performance - The consumer electronics sector rose by 3.62% on August 29, with Jieban Technology leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Gainers - Jieban Technology (301326) closed at 128.22, up 20.00% with a trading volume of 56,300 shares and a turnover of 683 million yuan [1] - Industrial Fulian (601138) closed at 53.83, up 9.99% with a trading volume of 3.43 million shares and a turnover of 17.37 billion yuan [1] - Dongni Electronics (603595) closed at 23.35, up 9.99% with a trading volume of 259,500 shares and a turnover of 58.1 million yuan [1] Top Losers - Kosen Technology (603626) fell by 9.99% to close at 15.85 with a trading volume of 1.55 million shares [2] - Yingshi Innovation (688775) decreased by 8.48% to 322.15 with a trading volume of 71,800 shares [2] - Zhixin Electronics (837212) dropped by 7.34% to 16.80 with a trading volume of 54,800 shares [2] Capital Flow - The consumer electronics sector experienced a net outflow of 1.086 billion yuan from institutional investors, while retail investors saw a net inflow of 1.915 billion yuan [2][3] - Major stocks like Industrial Fulian and Goer Technology saw significant net inflows from retail investors, while experiencing outflows from institutional and speculative investors [3] Individual Stock Analysis - Industrial Fulian had a net inflow of 197.2 million yuan from institutional investors, while it faced a net outflow of 1.09 billion yuan from speculative investors [3] - Goer Technology had a net inflow of 58 million yuan from institutional investors, with a net outflow of 246 million yuan from speculative investors [3]

Investment Rating - The report provides a "Buy" recommendation for the technology sector, specifically highlighting key stocks in electronics, computing, communication, and media [4][7]. Core Insights - The report identifies key stocks in the technology sector for September 2025, including GoerTek, Yutong Optical, Jiufang Zhitu, Meitu, Tianfu Communication, Huafeng Technology, Kaiying Network, and Giant Network [4][7]. - GoerTek is positioned for long-term growth through investments in AI smart hardware and AR/VR, with a focus on XR optics and smart wearable devices [9]. - Yutong Optical is recognized as a leader in the security lens market, with strong growth potential in automotive lenses and molded glass [10]. - Jiufang Zhitu is noted for its leadership in online high-end investment education services, with a robust talent pool and multiple growth drivers [11]. - Meitu has successfully transitioned to a subscription model and is leveraging its aesthetic expertise to expand globally [12]. - Tianfu Communication is expected to benefit from the growth of high-speed optical engines and new product forms [12]. - Huafeng Technology is positioned to capitalize on the strong demand for AI applications and high-performance connectivity solutions [12]. - Kaiying Network is set to drive growth through new game launches and AI technology integration [15]. - Giant Network is experiencing significant growth in user engagement and revenue from its popular game titles [16]. Summary by Category Electronics - GoerTek: Focus on AI smart hardware and strategic partnerships with leading tech companies [9]. - Yutong Optical: Market leader in security lenses with growth in automotive and new consumer segments [10]. Computing - Jiufang Zhitu: Leading online investment education firm with a strong operational model and talent base [11]. - Meitu: Transitioned to subscription services with a focus on aesthetic technology and global expansion [12]. Communication - Tianfu Communication: Growth in high-speed optical products and new customer acquisition [12]. - Huafeng Technology: Strong demand for AI applications and high-performance connectivity solutions [12]. Media - Kaiying Network: New game launches and AI integration expected to drive revenue growth [15]. - Giant Network: Significant user engagement and revenue growth from popular game titles [16].