Core Viewpoint - The company Xinhau Optoelectronics plans to transfer 100% equity of its subsidiary Anhui Xinguang to Luxshare Precision, marking a significant strategic shift amid ongoing losses in its photovoltaic business [1][4]. Group 1: Equity Transfer Details - On June 22, Xinhau Optoelectronics signed an equity transfer intention agreement with Luxshare Precision, involving the transfer of its wholly-owned subsidiary Anhui Xinguang [1]. - The transfer is classified as a related party transaction due to the familial connection between a major shareholder of Xinhau and the actual controller of Luxshare [1]. - Anhui Xinguang is a key player in Xinhau's photovoltaic business, which has been experiencing substantial losses [1]. Group 2: Financial Performance and Challenges - Xinhau Optoelectronics reported a revenue of 1.687 billion yuan in 2024, a year-on-year decrease of 2.72%, with a net loss of 353 million yuan, a staggering decline of 972.54% [4]. - The company attributed its losses to oversupply in the photovoltaic market, leading to price competition and increased operational costs [4]. - Anhui Xinguang's financial performance has also been poor, with reported revenues of 78.58 million yuan and 8.49 million yuan for 2023 and the first half of 2024, respectively, alongside significant net losses [3]. Group 3: Strategic Focus and Future Plans - Following the equity transfer, Xinhau aims to optimize its industrial layout and resource allocation, focusing on glass protective screens and mixed energy storage projects [6]. - The company has expressed confidence in its energy storage business, which achieved revenue of 38.19 million yuan in 2024, a year-on-year growth of 39.89% [6]. - Xinhau plans to invest in three companies to enhance its energy storage product development and operational capabilities [5].

2）SoC 端：国产 SoC 供应商恒玄科技(688608，买入)、晶晨股份(688099，买入) 等； 3）零组件端：摄像头模造玻璃供应商宇瞳光学(300790，未评级)、麦克风及扬声器 供应商瑞声科技(02018，未评级)，SiP 模组供应商环旭电子(601231，买入)； 电子行业 行业研究 | 动态跟踪 AI 眼镜从"时尚单品"到"垂类场景专业 工具"，应用拓宽定位升级 核心观点 投资建议与投资标的 ⚫ AI 眼镜快速渗透，正逐步从"时尚单品"到"专业垂类细分场景必要性工具"演 进，长期加入显示功能后有望突破手机附属可穿戴品类天花板，成为下一代独立 AI 端侧智能终端品类，建议关注深度参与国内外头部品牌供应链的各环节龙头，建议 关注： 1）整机及 PCBA 厂商平台型龙头厂商，歌尔股份(002241，买入)、龙旗科技 (603341，未评级)、蓝思科技(300433，买入)、立讯精密(002475，买入)、华勤技 术(603296，买入)等； 4）光波导相关厂商蓝特光学(688127，买入)、水晶光电(002273，买入)、舜宇光学 科技(02382，买入)。 风险提示 ⚫ AI 眼镜进展不及预期；下 ...

Investment Rating - The report suggests a positive outlook for the AI/AR glasses supply chain and related industries, indicating a favorable investment environment in the second half of the year [1][13]. Core Insights - The launch of the Oakley Meta HSTN AI glasses by Meta and Oakley is expected to drive significant advancements in AI glasses applications in sports [1][13]. - The demand for AI-PCB and ASIC servers is projected to grow significantly, with strong orders reported from multiple AI-PCB companies [1][41]. - The communication sector is experiencing optimism due to the anticipated increase in AI ASIC chip shipments and the expansion of the light module market [2][43]. Summary by Sections Electronic Industry Insights - Meta and Oakley have introduced a new AI glasses model, enhancing battery life to 8 hours and video resolution to 3K, with a starting price of $399 [1][13]. - The PCB industry is showing signs of recovery, with expectations of significant growth in the second quarter driven by demand from home appliances and automotive sectors [1][15]. - The component sector is witnessing an upward trend, with increased usage of MLCCs and higher prices due to product upgrades [1][29]. Communication Industry Insights - The market is optimistic about AI ASIC penetration, with Meta planning to release a new AI ASIC chip by 2025-2026, which is expected to significantly increase shipments [2][48]. - The light module sector is set to benefit from the growing demand for AI ASICs, with several companies positioned to capture market share [2][48]. Computer Industry Insights - The computer sector is currently in a transitional phase, with expectations of improved performance in the second half of the year as new technologies and products are introduced [3][41]. - The report highlights the importance of monitoring the performance of major companies as they adapt to macroeconomic conditions and potential recovery in demand [3][41].

一、停牌 四、日常经营、对外投资 2、神开股份：拟收购蓝海智信51%股权，交易对价为6000万元 3、长缆科技：拟定增募资不超4.6亿元，用于高压超高压电缆附件产能扩充等项目。 4、神开股份：拟定增募资不超2.2亿元，用于高端海洋工程装备制造基地项目。 三、回购 1、神农集团：拟投资5.5亿元建设龙门猪场等3个项目。 邵阳液压：拟购买新承航锐股权，股票停牌。 二、并购、定增 1、杰美特：拟收购思腾合力控制权，预计构成重大资产重组。 澜起科技：拟以2亿元-4亿元回购股份用于减少公司注册资本。 5、国晟科技：签订10.43亿元光伏组件销售合同。 晚间公告 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 6、恒瑞医药：收到6个药物临床试验批准通知书。 7、吉电股份：拟投资49.20亿元建设梨树绿色甲醇创新示范项目。 8、汉仪股份：拟设立控股子公司，布局IP嵌入游戏。 9、奥普光电：参股公司长光辰芯递交H股上市申请。 10、应流股份：拟4.84亿元收购控股子公司应流航空28.46%股权。 11、信濠光电：拟转让信光能源科技100%股权给立讯精密。 2、*ST 华微：控股股东正筹划股份 ...

多图速览>> 本周（6月16日至6月20日）的五个交易日中，A股三大指数集体下跌，沪指累计跌0.51%，深成指跌1.16%，创业板指跌1.66%。 | | 周牛熊殿 | 6.16-6.20 | | | --- | --- | --- | --- | | 证券简称 | 周涨跌幅 | 证券简称 | 周涨跌幅 | | 山东墨龙 | 61.38% | 工智退 | -84.93% | | 海科新源 | 53.73% | *ST广道 | -50.57% | | 联建光电 | 51.60% | 退市海越 | -38.85% | | 捷强装备 | 50.91% | 人乐退 | -36.36% | | 浙江东日 | 48.21% | 金鹰股份 | -30.77% | | 诺德股份 | 47.99% | 澳洋健康 | -26.33% | | 宁新新材 | 46.75% | 一彬科技 | -23.87% | | 通源石油 | 42.09% | 厦门信达 | -22.66% | ►活跃个股：99股累计换手率超100% 本周共有99只个股换手率超过100%。其中，北方长龙排名居首，周换手率达到335.03%，科力股份周换手率333.2 ...

Core Viewpoint - The company Xinhao Optoelectronics (301051) has signed a share transfer intention agreement with Luxshare Precision (002475) to transfer 100% equity of its wholly-owned subsidiary Xinguang Energy Technology (Anhui) Co., Ltd. This transaction is classified as a related party transaction and is not expected to constitute a major asset reorganization. The final price for the share transfer will be determined after due diligence, auditing, and evaluation procedures are completed. If the transaction proceeds smoothly, it is anticipated to have a positive impact on the company [1]. Group 1 - The company is transferring 100% equity of its subsidiary Xinguang Energy Technology (Anhui) Co., Ltd. [1] - The transaction is classified as a related party transaction and is not expected to be a major asset reorganization [1] - The final price for the share transfer will be determined after due diligence and evaluation [1] Group 2 - If the transaction is completed successfully, it is expected to have a positive impact on the company [1]

主动权益仓位持续下行，首批科创债 ETF 上报 —— 量化市场追踪周报（2025W25） 于明明 金融工程与金融产品 首席分析师 执业编号：S1500521070001 联系电话：+86 18616021459 邮 箱：yumingming@cindasc.com 吴彦锦 金融工程与金融产品 分析师 执业编号：S1500523090002 联系电话：+86 18616819227 邮 箱：wuyanjin@cindasc.com 周君睿 金融工程与金融产品 分析师 执业编号：S1500523110005 联系电话：+86 19821223545 邮 箱：zhoujunrui@cindasc.com 量化市场追踪周报(2025W25)：主动权益仓位持续 下行，首批科创债 ETF 上报 2025 年 6 月 22 日 2025 年 6 月 22 日 证券研究报告 金工研究 金工定期报告 从整体仓位来看，主动权益类基金测算仓位已连续四周持续下行，降至年 内最低水平，这也可能反映出市场对后续走势仍持观望态度。截至 2025/6/20，主动权益型基金的平均仓位约为 85.36%。其中，普通股票型 基金的平均仓位约为 8 ...

+0.03(+0.54%) -0.08(-0.91%) +0.08(+1.96%) 保险 中国太保 中国平安 中国人保 011 3767.88亿市值 3403.68亿市值 9968.28亿市值 7.95亿成交额 46.06亿成交额 6.95亿成交额 35.38 54.74 8.52 +0.51(+1.46%) +1.54(+2.89%) +0.14(+1.67%) 酸酒行业 贵州茅台 五粮液 山内对酒 17946.80亿市值 2237.90亿市值 4640.85亿市值 49.91亿成交额 21.95亿成交额 35.36亿成交额 119.56 1428.66 183.44 +2.66(+0.19%) +6.84(+3.87%) +2.28(+1.94%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2279.70亿市值 3102.99亿市值 2396.08亿市值 14.35亿成交额 21.38亿成交额 12.10亿成交额 426.77 573.97 133.50 +3.21(+0.76%) -8.11(-1.39%) -0.65(-0.48%) 汽车整车 铁路公路 长城汽车 比亚迪 京沪高铁 1793. ...

金十图示：2025年06月20日（周五）富时中国A50指数成分股午盘收盘行情一览：银行、保险、酿酒全面反弹，电力板块继续回 调 0.00(0.00%) +0.03(+0.54%) +0.06(+1.47%) 保险 中国太保 中国人保 中国平安 081 3785.57亿市值 3420.99亿市值 9948.25亿市值 4.88亿成交额 24.23亿成交额 3.99亿成交额 35.56 8.56 54.63 +0.69(+1.98%) +1.43(+2.69%) +0.18(+2.15%) 酸酒行业 贵州茅台 五粮液 山内流酒 18078.70亿市值 2253.88亿市值 4637.36亿市值 27.96亿成交额 15.85亿成交额 20.97亿成交额 1439.16 119.47 184.75 +2.19(+1.87%) +13.16(+0.92%) +8.15(+4.61%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2267.52亿市值 2408.56亿市值 3114.15亿市值 7.87亿成交额 14.31亿成交额 6.92亿成交额 424.49 576.96 133.98 +0.93(+0.2 ...

头豹市场研究| 2025/05 www.leadleo.com 2025年中国人形机器人线束行业概览： 解码人形机器人神经脉络，线束技术 的崛起与挑战 Humanoid Robot Wire Harness Industry Overview のヒューマノイドロボット配線ハーネス市場研究報告 （精华版） 报告标签：人形机器人、线束、线束连接器、特斯拉 撰写人：于利蓉 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均系头豹研究院独有的高度机密性文件 （在报告中另行标明出处者除外）。 ，任何人不得以任何方式擅自复制、再 造、传播、出版、引用、改编、汇编本报告内容，若有违反上述约定的行为发生，头豹研究院保留采取法 律措施、追究相关人员责任的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹"的商号、 商标，头豹研究院无任何前述名称之外的其他分支机构，也未授权或聘用其他任何第三方代表头豹研究院 开展商业活动。 人形机器人线束市场的竞争情况？ 从人形机器人企业的线束供应商情况看，特斯拉、波士顿动力、Figure AI、Agility Robotics 等海外主流人形机器人企业合作的线束企业主要为 ...