Group 1: Lixun Precision - The company has developed core capabilities across the entire industrial chain in the humanoid robot sector, capable of independently completing precision machining of key components such as harmonic gears, except for batteries and some joint modules [1] - Lixun Precision has a rich product matrix in the automotive sector, having established its business for many years, with good development momentum globally in high and low voltage wiring harnesses, high-speed wiring harnesses, special wiring harnesses, and fast charging guns [1] - The company's office is located at 313 Beihuan Road, Qingxi Town, Dongguan City, Guangdong Province [1] Group 2: Desay SV - The company possesses globally leading capabilities in the intelligent sector and has gained recognition from numerous overseas clients, with plans to systematically and steadily enter various regional markets [2] - Desay SV adheres to a value proposition of "open, full-stack, and rapid realization," focusing on innovation and collaboration to create first-case examples and accumulate full-stack system capabilities, thereby expanding its ecosystem and strengthening competitive barriers [2] - With the trend of integration between intelligent cockpits and intelligent driving, the company aims to enhance its overall competitiveness and drive continuous business growth [2] Group 3: Century Huatong - The games launched in 2023 are still reaching new highs, with no observed peak in their lifecycle, and the game Kingshot is breaking overseas records previously set by Whiteout Survival, indicating a larger overseas market with more users [3] - The company has tested multiple products at high speed and low cost, releasing no fewer than 20 products since 2023, with hit products driven by data [3] - The profit from minor products accounts for about two-thirds of the company's total profit, and the incentive mechanism combines cash and equity [3] Group 4: Pengyang Fund - Established in 2016, the fund has an asset management scale of 145.324 billion yuan, ranking 49th out of 211 in total public funds [4] - The fund's scale for non-monetary public funds is 124.996 billion yuan, ranking 41st out of 211 [4] - The best-performing public fund product in the past year is the Pengyang Zhongzheng Kechuang Chuangye 50 ETF, with a latest unit net value of 1.35 and a growth of 57.5% over the past year [4]

Core Viewpoint - The event "Investing in New Opportunities in China" organized by the Shenzhen Stock Exchange in Australia showcased six representative listed companies from Shenzhen, focusing on green low-carbon and high-end manufacturing sectors, attracting significant interest from Australian investment institutions [1] Group 1: Event Overview - The event took place on November 26 and featured six companies: Tianqi Lithium, Goldwind Technology, Xinwanda, Magpow, Shenghong Technology, and Luxshare Precision [1] - Nearly 70 representatives from major Australian pension funds and well-known asset management companies attended the roadshow [1] Group 2: Investor Insights - Attendees expressed that face-to-face communication with company executives provided a clearer understanding of the companies' operational status, strategic layout, technological innovation, and international competitiveness [1] - There is a positive outlook on the long-term development prospects and investment value of Shenzhen-listed companies amid a new round of technological revolution and industrial transformation [1]

Core Insights - The event organized by Shenzhen Stock Exchange in Australia aimed to showcase the investment opportunities in Chinese companies, particularly in technology innovation and high-quality economic development during the 14th Five-Year Plan period [1] Group 1: Company Participation and Focus Areas - Six representative companies from Shenzhen Stock Exchange participated in the roadshow, focusing on green low-carbon and high-end manufacturing sectors [1] - Companies like Tianqi Lithium, Goldwind Technology, and Xinwanda highlighted their technological breakthroughs and R&D efforts to attract investor interest [2] Group 2: ESG Practices and Recognition - The participating companies demonstrated improved ESG ratings, reflecting their commitment to sustainable development and attracting long-term investors [3] - Goldwind Technology and Tianqi Lithium have set clear carbon neutrality goals, while Xinwanda is advancing digital platforms for battery sustainability [3] Group 3: Alignment with Local Industry - The roadshow aligned well with Australia's focus on clean energy transition, with companies like Tianqi Lithium and Goldwind Technology directly engaging with local renewable energy initiatives [4][5] - The technological capabilities of the participating companies and their integration with local industries received high praise from investors [5]

Core Insights - The event in Sydney focused on showcasing China's new productive forces and high-quality economic development during the 14th Five-Year Plan period [1] - Six representative companies from Shenzhen Stock Exchange participated, emphasizing green low-carbon and high-end manufacturing sectors [1][2] - Australian investors showed strong interest in the participating companies, aligning with their focus on renewable energy and advanced manufacturing [2] Group 1: Company Participation - The participating companies included Tianqi Lithium, Goldwind Technology, Xinwanda, Magpowr, Shenghong Technology, and Luxshare Precision, all from sectors of green low-carbon and high-end manufacturing [1][2] - Tianqi Lithium holds a leading position in lithium resources, while Goldwind Technology is a leader in the wind power sector, both aligning with Australia's renewable energy goals [2] - Magpowr and Shenghong Technology provide advanced technology solutions that meet local industry needs for automation and renewable energy applications [2] Group 2: Investment Opportunities - Australian investment institutions expressed optimism about the long-term value of Chinese companies, particularly in the context of technological innovation and international market expansion [5] - The participating companies demonstrated strong R&D capabilities, with Tianqi Lithium focusing on lithium extraction technologies and Xinwanda holding over 9,100 patents in battery technology [3] - The event highlighted the shift in China's industrial system from scale expansion to quality enhancement, with Shenzhen-listed companies actively pursuing high-end, digital, and green transformations [5] Group 3: ESG Practices - The participating companies have shown consistent improvement in their ESG ratings, moving from compliance to value creation, which attracted long-term investors [4] - Goldwind Technology integrates sustainability into its entire product lifecycle, while Xinwanda promotes a digital platform for battery sustainability [4] - Investors noted that the companies' commitment to ESG principles enhances their quality and sustainable development capabilities [4]

Robotics - Lingyi Zhi Zao has signed strategic cooperation agreements with several leading embodied intelligence companies to promote the hardware manufacturing of embodied robots [1] - Luxshare Precision is expected to ship 3,000 humanoid robots this year [1] Batteries - Tiannai Technology claims that single-wall products are the best choice for fast-charging batteries, with fourth-generation and pure single-wall products significantly enhancing battery rate and cycle life [1] - Ninebot reports that fluctuations in lithium carbonate prices have not directly impacted product pricing; the company has preemptively stocked multiple new electric bicycle products that meet new national standards [1] Chips - Xidi Micro has successfully integrated its high-performance power management chip products into the Meta supply chain through ODM manufacturers [1] - Silan Micro has launched four key analog chips for AI computing power [1] Electronics - BOE Technology Group indicates that the overall supply and demand in the industry is under pressure, with a forecasted decline in the shipment volume of foldable products in the second half of the year [1] - Luxshare Precision anticipates mass production of microchannel technology next year [1] - Zhihui Power, as a first-tier supplier to Google, provides mobile-related components through Foxconn and Taiwan's Compal [1] Others - Jinli Permanent Magnet holds indirect shares in Muxi Co., Ltd [1] - Chunhui Zhikong has begun bulk supply of satellite release devices to satellite manufacturers [1] - Nandu Property holds indirect shares in Yundongchu through the Saizhi Zhudragon Fund [1] - Chuangyuan Technology's subsidiary Suzhou Bearing supplies mainly needle bearing products for the commercial aerospace sector, although the supply volume is relatively small [1] - Shengyuan Environmental Protection has indirectly participated in investment in Moore Threads by subscribing to fund shares [1] - Shengyang Co., Ltd has launched full immersion liquid cooling energy storage systems and solutions into the market [1] - Weichai Power does not have a gas turbine business [1]

Core Viewpoint - Lixun Precision has successfully captured market opportunities with key AI end-side customers, both domestically and internationally, and is confident in becoming the primary supplier for these brand clients [1] Group 1 - The company emphasizes its ability to seize market opportunities regardless of whether they are active or passive [1] - The success in becoming the primary supplier depends on the brand clients' capabilities in models, ecosystems, and internal hardware teams [1] - The company plans to adjust its strategies based on clients' hardware investment conditions [1] Group 2 - The focus is on leveraging the company's advantages to position itself effectively in the market [1]

Core Viewpoint - Lixun Precision announced that the impact of memory price fluctuations is mitigated as costs are locked in during ODM quotations, and DRAM costs and processing are managed by brand clients, independent of the company's ODM business with Andro [1] Group 1 - The company emphasized that the ODM capabilities of Wentai are essential for future AI edge product development, requiring stronger ODM/JDM capabilities [1] - Wentai possesses a large ODM engineering team of two to three thousand people and a vast procurement supply chain for mobile phones and tablets, enabling rapid support for the company's AI edge product development [1]

证券日报网讯 立讯精密（002475）11月26日发布公告，在公司回答调研者提问时表示，汽车产业相对 保守，业务推进是双向的。虽然中国整车品牌在全球声量渐大，但除了少数行业头部企业外，大部分中 国的供应商的市场份额提升滞后于整车。而立讯精密是其中跑得最快、产品品类最丰富的企业之一，公 司正竭尽全力推进相关业务。关于莱尼业务的协同和成为全球前五大汽车Tier1供应商的目标，公司内 部对此有清晰的目标，预计在未来5到10年内实现全球前五的目标。目前，公司正积极推进海外市场的 拓展。 ...

证券日报网讯 立讯精密（002475）11月26日发布公告，在公司回答调研者提问时表示，公司相信，众 多客户选择立讯精密作为首选合作伙伴，是基于公司多方面的优势，包括全球化的布局、垂直整合能力 以及在稳定性、大规模量产方面的可靠交付，这些都为客户带来了极大的信心。此外，公司提供的从 OEM到ODM的双轨赋能模式，在行业内是独一无二的。这些综合能力使公司能够为这些新兴的软件驱 动型客户提供更深度的硬件集成支持。 ...

证券日报网讯 立讯精密（002475）11月26日发布公告，在公司回答调研者提问时表示，光模块本质上 也是一种"连接"，只是形式不同而已。公司之前也讲过，以公司的专业判断，电连接是从信号源开始就 必须参与开发的；从技术门槛来看，公司认为电连接的门槛其实更高。商业上的高利润不代表技术上就 更难。光模块的市场是存在的，并且它的技术门槛并没有公司在电连接上遇到的那么高，同时公司能得 到客户的认可及核心伙伴的信任和支持，那么公司就有充分的理由去做光模块的业务。 ...