作者丨李秋涵 胡某也是其中之一。2018年到2022年，他陆续向公司新员工展示了王来春印在名片上的那句话："如果你现在觉得走的辛苦，那就证明你在走上坡 路"，作为激励。 作为小供应商，出于敬重，他不敢直呼其名，交谈时只以"立讯最高层"代称。但如今，回望自己的处境，他心情复杂，相关项目展开4年，亏损近 2000万。最后一次与凤凰网《风暴眼》通话时，他反复说道："我就像漂在海里十级大风下的一艘小船，不知道航向哪里，也不知道要怎么办。海太 大了。" 凤凰网《风暴眼》出品 爆料邮箱：all_cj@ifeng.com 胡某从未想过，和"偶像"王来春相关公司的合作，几乎将他经营18年的公司推向破产边缘。 近期，"果链巨头"立讯精密宣布赴港上市，其董事长王来春的创业故事再次成为焦点——这位初中辍学的富士康流水线女工，以1315亿身家跻身 《2025新财富500创富榜》第13位，成为潮汕女首富，被许多人视为励志传奇。 立讯精密董事长王来春 图源网络 01 一纸合同，为何让供应商陷入巨亏？ 2020年时，胡某接到一笔极具吸引力的大单。 他是东莞丸红电子有限公司（下称"丸红电子"）的老板。公司2007年成立，专做精密电子元件的研 ...

Core Viewpoint - The collaboration between Dongguan Marubeni Electronics Technology Co., Ltd. and Luxshare Precision Industry Co., Ltd. has led to significant financial losses for Marubeni due to unfulfilled order commitments and unilateral changes in project specifications, resulting in a lawsuit for compensation of approximately 33.43 million yuan [1][7][19]. Group 1: Background of the Collaboration - In 2020, Marubeni received a collaboration proposal from Luxshare's subsidiary, Luxshare Precision, promising substantial orders that led to significant investments in dedicated production lines [1][2]. - The initial project involved high-demand products with an estimated total value exceeding 50 million yuan over two years, which excited Marubeni's management [4][5]. Group 2: Issues Faced During Collaboration - After initial sample approvals, Luxshare repeatedly requested changes to product specifications, leading to increased costs and wasted investments for Marubeni [4][6]. - By March 2022, Luxshare demanded a sudden increase in production capacity, requiring Marubeni to invest an additional 1.6 million yuan in new automation equipment, while the actual orders received were significantly lower than promised [6][7]. Group 3: Legal Actions and Industry Implications - Marubeni filed a lawsuit against Luxshare and its subsidiary, seeking compensation for the total investment and expected profits lost due to the unfulfilled orders [7][8]. - The situation reflects broader issues within the high-tech manufacturing industry in China, where smaller suppliers often face challenges in maintaining equitable relationships with dominant "chain leader" companies [18][19].

截至2025年8月22日 09:51，中证消费电子主题指数(931494)强势上涨2.22%，成分股芯原股份(688521)上涨7.03%，华工科技(000988)上涨6.49%，生益科技 (600183)上涨6.48%，汇顶科技(603160)，中芯国际(688981)等个股跟涨。消费电子ETF(561600)上涨2.01%，最新价报1.02元。拉长时间看，截至2025年8月21 日，消费电子ETF近1周累计上涨6.52%。 流动性方面，消费电子ETF盘中换手5.05%，成交1218.70万元。拉长时间看，截至8月21日，消费电子ETF近1周日均成交3174.14万元。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 002475 | 立讯精密 | -0.59% | 8.06% | | 688981 | 中芯国际 | 3.12% | 8.04% | | 000725 | 京东方A | 0.50% | 6.71% | | 688256 | 寒武纪 | 9.85% | 5.79% | | 603501 | 豪威集团 | 1.79% | 4.99% | ...

3个行业主力资金净流入。 多元金融股中油资本主力资金净流入9.52亿元，居次席，股价"一"字涨停。京北方同样涨停，主力资金 净流入8.3亿元。 行业板块方面，申万一级行业有17个上涨，农林牧渔和石油石化行业涨幅居前，均超1%；14个下跌行 业中，机械设备行业跌幅居首，达1.08%。 信创概念股北信源主力资金净流入8.28亿元。午后信创概念异动拉升，北信源"20cm"涨停，麒麟信安、 荣科科技、达梦数据、太极股份、中国软件等跟涨。消息面上，东莞证券指出，信创产业按 照"2+8+N"节奏稳步推进，正从政策驱动转向政策+市场双驱动。预计2025~2026年市场规模增速分别达 17.84%和26.82%，2026年将突破2.6万亿元。 | | | 8月21日主力资金净流入排名 | | | --- | --- | --- | --- | | 代码 | 简称 | 今日涨跌幅 净流入资金 | | | | | (%) | (亿元) | | 000063 | 中兴通讯 | 6.56 | 19.78 | | 000617 | 中油资本 | 10.02 | 9.52 | | 002987 | 京北方 | 9.98 | 8.30 | ...

Core Viewpoint - Luxshare Precision, a major player in the Apple supply chain, is set to go public in Hong Kong with a market capitalization exceeding 300 billion yuan, indicating strong investor interest and confidence in the company's growth potential [1] Group 1: Company Overview - Luxshare Precision is based in Shenzhen, Guangdong, and is recognized as a "fruit chain giant" due to its significant role in the supply chain for Apple products [1] Group 2: Market Position - The company’s IPO is anticipated to attract substantial investment, reflecting its strategic importance in the technology sector and its ability to capitalize on the growing demand for electronic components [1]

今天A股消费电子板块拉升，截止下午收盘，卓翼科技涨停，立讯精密、蓝思科技、华勤技术等纷纷跟涨。 随着9月临近，苹果iPhone 17 进入大规模量产阶段，拉动产业链上下游需求；加上AI应用持续落地带来的传统消费电 子换机周期，增强了市场对消费电子旺季需求的乐观预期。而苹果产业链又有公司冲击港股IPO。 格隆汇获悉，近日，立讯精密工业股份有限公司（简称"立讯精密"）向港交所递交招股书，拟在香港主板上市，中信 证券、高盛、中金公司为其联席保荐人。 立讯精密（002475）于2010年在深交所上市，截至8月21日收盘，总市值超3059亿元。 招股书显示，按2024年销量计算，全球平均每两部智能手机、每三部智能可穿戴设备、每五部智能汽车中，就有一部 使用立讯精密的产品。 如今消费电子市场情况如何？不妨通过立讯精密来一探究竟。 1 广东汕头兄妹深圳创业，身价超千亿登上富豪榜 立讯精密注册地位于广东省深圳市宝安区沙井街道，总部位于广东省东莞市清溪镇，控股股东为王来春、王来胜及立 讯有限。 截至2025年8月12日，王来胜持有立讯精密约0.21%股份，立讯有限持有立讯精密约37.67%股份，同时王来春、王来胜 各持有立讯有 ...

Market Performance - The liquid cooling server concept declined by 2.06%, ranking among the top declines in concept sectors as of the market close on August 21 [1] - Major stocks in the sector, such as Chuanrun Co., Feilong Co., and Tenglong Co., hit the daily limit down, while Huasheng Co., Tongfei Co., and Debang Technology experienced significant declines [1] Sector Comparison - The top-performing concept sectors included combustible ice (+3.12%), digital currency (+2.38%), and cross-border payment (+2.19%), while rare earth permanent magnets and liquid cooling servers were among the worst performers [2] Capital Flow - The liquid cooling server sector saw a net outflow of 8.578 billion yuan, with 97 stocks experiencing outflows, and 36 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Inspur Information, with 1.487 billion yuan, followed by Industrial Fulian and Lingyi Technology with 1.245 billion yuan and 762 million yuan, respectively [2] Stock Performance - Notable stocks with significant net outflows included Inspur Information (-0.74%), Industrial Fulian (-5.47%), and Lingyi Technology (-7.18%) [2][3] - Conversely, stocks with net inflows included ZTE Corporation (+6.56%), Luxshare Precision (+5.34%), and Keda Technology (+8.36%) [6]

（原标题：电子行业8月21日资金流向日报） 沪指8月21日上涨0.13%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为农林牧渔、石油石化，涨幅分别为1.50%、1.39%。跌幅居前的 行业为机械设备、电力设备，跌幅分别为1.08%、0.98%。电子行业今日下跌0.68%。 电子行业今日下跌0.68%，全天主力资金净流出149.90亿元，该行业所属的个股共467只，今日上涨的有104只，涨停的有3只；下跌的有358只，跌 停的有1只。以资金流向数据进行统计，该行业资金净流入的个股有137只，其中，净流入资金超亿元的有14只，净流入资金居首的是兆易创新， 今日净流入资金13.09亿元，紧随其后的是立讯精密、深圳华强，净流入资金分别为8.09亿元、5.25亿元。电子行业资金净流出个股中，资金净流 出超亿元的有57只，净流出资金居前的有胜宏科技、工业富联、东芯股份，净流出资金分别为14.36亿元、12.45亿元、9.68亿元。（数据宝） 电子行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- ...

Core Viewpoint - The A-share consumer electronics sector is experiencing a surge, driven by the mass production of Apple's iPhone 17 and the ongoing AI application integration, which is enhancing market optimism for the upcoming demand peak in consumer electronics [1] Group 1: Company Overview - Luxshare Precision Industry Co., Ltd. (立讯精密) submitted a prospectus for an IPO on the Hong Kong Stock Exchange, with Citic Securities, Goldman Sachs, and CICC as joint sponsors [1] - As of August 21, 2023, Luxshare's total market capitalization exceeded 305.9 billion yuan [2] - The company was founded in 2004 by Wang Laichun and Wang Laisheng, with its headquarters in Dongguan, Guangdong Province [4][5] Group 2: Business Segments and Revenue - Luxshare's revenue is primarily derived from the consumer electronics sector, accounting for 86.7% of total revenue in 2024, followed by automotive electronics at 5.1% and communication/data center at 6.8% [8][9] - The company provides integrated smart manufacturing solutions for various consumer electronics, including smartphones, wearables, and automotive components [7][8] Group 3: Financial Performance - Luxshare's revenue for 2022, 2023, and projected for 2024 is approximately 214 billion yuan, 231.9 billion yuan, and 268.8 billion yuan respectively, with net profits of about 10.5 billion yuan, 12.2 billion yuan, and 14.6 billion yuan [15][18] - The company's gross margin has been declining, recorded at 11.9% in 2022, 11.1% in 2023, and 10.1% in 2024 [16][18] Group 4: Market Position and Competition - Luxshare ranks as the fourth largest precision manufacturing solution provider globally and the largest in mainland China, with a significant portion of its revenue coming from overseas [21] - The global precision manufacturing solutions market is projected to grow from approximately 9.47 trillion yuan in 2025 to 12.18 trillion yuan by 2029, with a compound annual growth rate of 6.5% [19]

Market Overview - On August 21, the consumer electronics sector declined by 1.77%, with Hongfu Han leading the drop [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Stock Performance - Notable gainers in the consumer electronics sector included: - Zhuoman Technology (002369) with a closing price of 10.56, up 10.00% [1] - Kosen Technology (603626) at 13.87, up 9.99% [1] - Laimu Co., Ltd. (603633) at 10.81, up 9.97% [1] - Other significant performers included: - Lixun Precision (002475) at 42.19, up 5.34% with a trading volume of 200.68 million shares [1] - Lens Technology (300433) at 28.34, up 4.92% with a trading volume of 166.06 million shares [1] Capital Flow - The consumer electronics sector experienced a net outflow of 3.368 billion yuan from institutional investors, while retail investors saw a net inflow of 2.901 billion yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Lixun Precision (002475) had a net inflow of 796 million yuan from institutional investors, but a net outflow of 339 million yuan from retail investors [3] - Zhuoman Technology (002369) saw a net inflow of 284 million yuan from institutional investors, with a net outflow of 126 million yuan from retail investors [3] - Kosen Technology (603626) had a net inflow of 181 million yuan from institutional investors, while retail investors experienced a net outflow of 683.57 million yuan [3]