关于公司股票交易异常波动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、股票交易异常波动的具体情况 证券代码：002475 证券简称：立讯精密 公告编号：2025-126 债券代码：128136 债券简称：立讯转债 立讯精密工业股份有限公司 6、公司不存在违反公平信息披露的情形。 三、是否存在应披露而未披露信息的说明 立讯精密工业股份有限公司（以下简称"公司"）股票于 2025 年 9 月 19 日、2025 年 9 月 22 日、2025 年 9 月 23 日连续三个交易日内收盘价格涨幅偏离值累计达到 24.24%。 根据《深圳证券交易所股票交易规则》相关规定，属于股票交易异常波动情形。 二、公司关注及核实相关情况的说明 针对公司股票异常波动，公司董事会就相关事项向公司控股股东、实际控制人及公司 全体董事和高级管理人员进行核实，现将有关情况说明如下： 1、截至本公告日，公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较大影响的 未公开重大信息； 3、公司目前的经营情况正常，近期公司经营 ...

Group 1 - On September 23, a total of 40 stocks were identified with institutional activity, with 21 stocks showing net buying and 19 stocks showing net selling [1] - The top three stocks with the highest net buying by institutions were Luxshare Precision, Demingli, and Haibo Sichuang, with net buying amounts of 373 million, 362 million, and 178 million respectively [1] - The top three stocks with the highest net selling by institutions were Wavelength Optoelectronics, Wolong Nuclear Materials, and Yingqu Technology, with net outflow amounts of 195 million, 185 million, and 161 million respectively [1]

Group 1 - A total of 36 stocks received buy ratings from institutions today, with 20 stocks being newly covered by institutions [1][2] - The medical and pharmaceutical industry is the most favored, with stocks like Kaili Medical and Tianshili among the top-rated [2][3] - The average decline for stocks with buy ratings today was 0.32%, underperforming the Shanghai Composite Index [1] Group 2 - Among the stocks with buy ratings, Dongyangguang has the highest upside potential at 45.56%, with a target price of 35.88 yuan [1][2] - Other stocks with significant upside potential include Shenling Environment and Luxshare Precision, with upside potentials of 35.04% and 32.12% respectively [1] - The stocks with the largest gains today included Zhongwei Company, Luxshare Precision, and Tianshili, with increases of 9.12%, 7.79%, and 3.06% respectively [1]

Market Overview - The Shanghai Composite Index fell by 0.18% on September 23, with five industries experiencing gains, notably banking and coal, which rose by 1.52% and 1.11% respectively. Conversely, social services and retail sectors saw declines of 3.11% and 2.90% [1]. Electronic Industry Performance - The electronic industry experienced a slight decline of 0.06%, with a net outflow of 20.04 billion yuan in capital. Out of 467 stocks in this sector, 151 stocks rose, with 9 hitting the daily limit, while 312 stocks fell [1]. - Among the stocks with net inflows, 125 saw capital inflows, with 15 stocks receiving over 100 million yuan. The top three stocks by net inflow were沃尔核材 (11.48 billion yuan), 长川科技 (5.69 billion yuan), and 中微公司 (5.16 billion yuan) [1]. - The stocks with the highest net outflows included 立讯精密 (-19.68 billion yuan), 中芯国际 (-16.57 billion yuan), and 工业富联 (-11.55 billion yuan) [1]. Electronic Industry Capital Inflow and Outflow Capital Inflow Leaders - 002130 沃尔核材: +10.00%, turnover rate 23.20%, main capital flow 1.15 billion yuan - 300604 长川科技: +20.00%, turnover rate 10.92%, main capital flow 569.39 million yuan - 688012 中微公司: +9.12%, turnover rate 4.66%, main capital flow 515.55 million yuan [1]. Capital Outflow Leaders - 002475 立讯精密: +7.79%, turnover rate 7.65%, main capital flow -1.97 billion yuan - 688981 中芯国际: -0.32%, turnover rate 7.21%, main capital flow -1.66 billion yuan - 601138 工业富联: +0.52%, turnover rate 1.34%, main capital flow -1.16 billion yuan [2]. ETF Insights - The consumption electronics ETF (code: 159732) tracks the Guozheng Consumption Electronics Theme Index, showing a 6.95% change over the last five days. The current price-to-earnings ratio is 50.39, with a total of 3.74 billion shares, an increase of 210 million shares, and a net outflow of 47.38 million yuan [4].

Group 1 - On September 23, a total of 40 stocks were involved with institutional investors, with 21 showing net buying and 19 showing net selling [1] - The top three stocks with net buying by institutions were Luxshare Precision, Demingli, and Haibo Technology, with net buying amounts of 373 million, 362 million, and 178 million respectively [1] - The top three stocks with net selling by institutions were Wavelength Optoelectronics, Wolong Nuclear Materials, and Yingqu Technology, with net outflow amounts of 195 million, 185 million, and 161 million respectively [1] Group 2 - Longchuan Technology saw a 20% increase with a market value of 2,123.22 million [3] - Wanxiang Qianchao experienced a 9.98% increase with a market value of 1,737.71 million [3] - Guomai Culture had an 8.06% increase with a market value of 1,716.09 million [3] - Daogao Group experienced a decrease of 5.30% with a market value of 1,698.31 million [3] - Chuanrun Co. saw a 5.31% increase with a market value of 1,484.59 million [3] Group 3 - Yingshi Technology had a 10.02% decrease with a market value of 16,121.42 million [4] - Wolong Nuclear Materials experienced a 10% decrease with a market value of 18,494.36 million [4] - Wavelength Optoelectronics saw a 20% decrease with a market value of 19,517.04 million [4]

Group 1 - OpenAI is collaborating with Luxshare Precision and GoerTek to enter the AI hardware market, with a focus on consumer-grade AI devices [2][3] - Luxshare Precision's stock price surged by 51.6% over the past month, reaching a record high of 65.12 yuan on September 23, influenced by OpenAI's hardware ambitions and strong iPhone 17 sales [2] - OpenAI plans to develop AI hardware such as smart glasses, digital voice recorders, and wearable badges, with initial products expected to launch by late 2026 or early 2027 [2][4] Group 2 - GoerTek is also in discussions with OpenAI, likely supplying components like MEMS microphones for the AI hardware [3][4] - Following the news of OpenAI's hardware initiatives, GoerTek's stock rose by 7.73% on September 22, but fell by 2.82% the next day [4] - Analysts suggest that OpenAI's move into hardware could benefit various Chinese hardware companies in Apple's supply chain, including Luxshare Precision and GoerTek [4] Group 3 - OpenAI's hardware strategy is seen as a response to the growing trend of "physical AI," with significant recruitment from Apple to bolster its hardware team [4][5] - The collaboration with Jony Ive's company, io Products, aims to produce a new form of AI hardware, potentially assembled in Vietnam and resembling the iPod Shuffle [5] - The AI hardware market is expected to grow, with predictions of over 200 million wearable devices shipped globally by 2025, indicating a shift towards service-oriented products [10][11] Group 4 - The competitive landscape for smart glasses includes various players, with each type of manufacturer having distinct advantages [11] - Chinese companies are rapidly gaining market share in AI hardware, leveraging their supply chain capabilities and cost control [11][12] - Luxshare Precision has recently partnered with a U.S. AI chip company to develop next-generation wearable products, focusing on low power consumption and compact design [12]

Group 1 - The wearable device industry is experiencing significant growth driven by favorable national policies and surging market demand, with shipment volumes increasing by over 60% year-on-year [1] - The National Sports Administration has issued guidelines to promote the digital and intelligent upgrade of health services, providing strong policy support for the application of wearable devices in health management, indicating the industry's elevation to a national strategic level [2] - Wearable devices are evolving from basic fitness tracking to advanced health management functions, such as continuous glucose monitoring and ECG recording, with potential applications expanding into healthcare and industrial internet sectors [2] Group 2 - According to IDC, the global wrist-worn device market is projected to grow by 12.3% year-on-year by Q2 2025, with China's market leading at a growth rate of 33.8%, and the adult smart watch market in China experiencing a remarkable 64% increase [4] - The market is showing a polarization trend, with growth rates of 66.1% for products priced below 1,000 yuan and 110.2% for high-end products priced above 2,000 yuan, indicating a simultaneous trend of market coverage and consumer upgrade [4] Group 3 - The thriving industry has attracted significant foreign capital interest, with 20 wearable device concept stocks being investigated by foreign institutions since July, highlighting companies like Luxshare Precision and Crystal Optoelectronics as popular targets [5] - Luxshare Precision revealed its extensive involvement in the AI glasses sector, supporting about one-third of the market, and maintaining deep collaborations with leading global clients, positioning itself for a competitive advantage [5] - As of mid-2023, 17 wearable device concept stocks have received substantial QFII investments, with a total market value of nearly 2.2 billion yuan, reflecting long-term confidence from foreign investors in core industry assets [5]

Core Viewpoint - The electronic ETF (515260) has seen significant trading activity, reaching a new high before experiencing a slight pullback, indicating strong investor interest in the semiconductor and Apple supply chain sectors [1] Group 1: ETF Performance - The electronic ETF (515260) rose over 1% in early trading, hitting a record high since its launch, but later fell by 2.32%, with a trading volume exceeding 91 million yuan, surpassing the previous day's total [1] - Over the past five days, the ETF has attracted 269 million yuan in investments, reflecting positive sentiment towards the sector [1] Group 2: Component Stocks - Notable gainers among component stocks include Hu Silicon Industry, which rose over 9%, and Luxshare Precision, which increased by more than 6% [1] - Conversely, Dongshan Precision fell over 5%, while Huadian Technology, Cambrian, and Shengbang shares dropped by more than 4%, contributing to the overall decline [1] Group 3: OpenAI and Luxshare Precision Partnership - OpenAI has signed an agreement with Luxshare Precision, an Apple device assembler, to develop a consumer-grade device that will work closely with OpenAI's AI models [1] - Planned products include a display-less smart speaker, glasses, digital voice recorders, and wearable pins, with a launch timeframe set for late 2026 or early 2027 [1] Group 4: Luxshare Precision's Competitive Advantages - Luxshare Precision is recognized for its extensive experience in precision manufacturing within the consumer electronics sector and has a strong presence in wearable device assembly [1] - The company operates 105 production bases and 28 R&D centers across 29 countries, enabling flexible resource allocation and global delivery capabilities [1] - The partnership is further strengthened by the involvement of Jony Ive, former Chief Design Officer at Apple, who now leads creative and design efforts at OpenAI [1] Group 5: Market Implications - The collaboration between OpenAI and Luxshare Precision is expected to draw parallels to the previous market trends seen with ByteDance's products, especially in light of strong iPhone 17 sales and rising Apple stock prices [1] - The electronic ETF and its associated funds track the electronic 50 index, focusing on sectors such as AI chips, automotive electronics, 5G, and cloud computing [1]

Group 1 - The electronic ETF (515260) saw a morning increase of over 1%, reaching a new high since its launch, but later experienced a decline of 2.32%, with a trading volume exceeding 910 million yuan, indicating active trading [1] - In the past five days, the electronic ETF has attracted 269 million yuan, reflecting positive sentiment towards the sector and active capital inflow [1] - Key stocks in the ETF include Hu Silicon Industry, which rose over 9%, and Luxshare Precision, which increased by more than 6%, while Dongshan Precision and others faced declines [1] Group 2 - OpenAI has signed an agreement with Luxshare Precision, an Apple device assembler, to develop a consumer-grade device that will collaborate closely with OpenAI's AI models [3] - The planned products include a display-less smart speaker, glasses, digital voice recorders, and wearable pins, with a launch timeframe set for late 2026 or early 2027 [3] - Luxshare Precision's extensive experience in precision manufacturing and its global delivery capabilities make it a suitable partner for OpenAI [4] Group 3 - The electronic ETF manager noted that the collaboration between OpenAI and Luxshare Precision is reminiscent of last year's market trends, and the strong sales of the iPhone 17 have positively impacted Apple’s stock price [5] - As of the end of August, the weight of Apple’s supply chain stocks in the electronic ETF reached 43.34%, providing fundamental support for the sector [5] Group 4 - The electronic ETF and its linked funds passively track the electronic 50 index, focusing on semiconductor and consumer electronics sectors, including AI chips, automotive electronics, and 5G [6] - The top ten weighted stocks in the ETF include notable companies in the market, indicating a strong focus on trending industries [6]

Core Viewpoint - Lixun Precision has signed an agreement with OpenAI to develop consumer-grade devices that will collaborate with OpenAI's AI models, marking a significant strategic shift for the company from being a core supplier in the Apple supply chain to a key player in the AI hardware sector [1][11]. Group 1: Company Overview - Lixun Precision's stock experienced a rare limit-up increase, with a maximum order exceeding 4.6 billion yuan, bringing its total market value to 442 billion yuan [1]. - The company has historically relied heavily on Apple, with revenue from Apple accounting for approximately 75% of total revenue from 2021 to 2023, projected to decrease to around 70% in 2024 [6]. - Lixun Precision's gross margin has been declining, from 18.09% in 2020 to an expected 10.41% in 2024, reflecting increasing costs and reliance on low-margin business [6]. Group 2: Strategic Developments - The partnership with OpenAI is seen as a crucial opportunity for Lixun Precision to diversify its business and explore new growth avenues in the AI sector [3][11]. - Lixun Precision has extensive experience in precision manufacturing and supply chain management, which will be beneficial in the production of AI-related hardware [11]. - The company has initiated a "three five-year plan" to expand into various sectors, including automotive and medical, although results have been limited so far [6][8]. Group 3: Market Context - The global AI industry is transitioning from software to hardware, creating new opportunities for companies like Lixun Precision [3][17]. - The wearable device market is projected to grow significantly, with an estimated market size of $72.1 billion in 2024, expected to reach $431.7 billion by 2034, indicating a strong demand for AI-integrated hardware [17]. - The competitive landscape for AI hardware is intensifying, with many new products entering the market, leading to potential challenges in differentiation and market positioning [19].