Core Viewpoint - The company Keg Precision Machinery has established a strong brand advantage and quality customer base in the electronic assembly segment, serving major industry players. Group 1: Company Overview - Keg Precision Machinery's products, including solder paste printing equipment, dispensing equipment, and flexible automation equipment, are widely used in the electronic assembly process [1] - The company has accumulated a quality customer base, including leading enterprises such as Foxconn, Luxshare Precision, Huawei, BYD, BOE, and Hikvision [1] - Keg Precision Machinery owns the globally registered trademark "GKG" and sells products to over 50 countries and regions [1] Group 2: Global Presence and Support - The company has established overseas service points in electronic industry concentrated areas such as Malaysia, Vietnam, India, and Mexico through its Singapore subsidiary GKGASIA [1] - This expansion aims to enhance local technical support capabilities [1]

11月17日，立讯精密涨0.07%，成交额42.06亿元。两融数据显示，当日立讯精密获融资买入额3.88亿 元，融资偿还4.22亿元，融资净买入-3444.35万元。截至11月17日，立讯精密融资融券余额合计63.61亿 元。 融资方面，立讯精密当日融资买入3.88亿元。当前融资余额63.28亿元，占流通市值的1.54%，融资余额 超过近一年80%分位水平，处于高位。 资料显示，立讯精密工业股份有限公司位于广东省东莞市清溪镇北环路313号,中国香港铜锣湾希慎道33 号利园1期19楼1901室，成立日期2004年5月24日，上市日期2010年9月15日，公司主营业务涉及公司专 注于连接器的研发、生产和销售,产品主要应用于3C(电脑、通讯、消费电子)、汽车和通讯设备等领 域。主营业务收入构成为：消费性电子78.55%，通讯互联产品及精密组件8.91%，汽车互联产品及精密 组件6.95%，电脑互联产品及精密组件3.93%，其他连接器及其他业务1.65%。 截至11月10日，立讯精密股东户数43.98万，较上期减少7.68%；人均流通股16521股，较上期增加 8.33%。2025年1月-9月，立讯精密实现营业收入2 ...

Group 1 - The company, Luxshare Precision, stated on November 17 that it holds a leading position in CPC technology within the industry [1] - The company has collaborated with all major clients for 3 to 4 years on product technology research and development [1] - Currently, the company is pushing for the conversion of research and development results into products [1]

证券日报网讯立讯精密11月17日在互动平台回答投资者提问时表示，历年来，公司研发投入及研发成果 均呈稳步上升态势，近三年累计研发投入251.92亿元，目前拥有发明专利7，164件。公司在声、光、 电、热、磁、射频、结构件等底层技术领域建立了完整的能力拼图，并搭建起面向多场景应用的通用技 术平台，借此实现不同技术要素的动态组合与协同优化，既能快速响应客户多元化需求，又能前瞻性地 将成熟技术方案迁移至新兴领域，并通过融合与创新为客户提供独特、领先的价值。 （文章来源：证券日报） ...

证券日报网讯立讯精密（002475）11月17日在互动平台回答投资者提问时表示，公司收购闻泰 OEM/ODM业务相关股权及资产的交易，目前尚有印度相关土地、厂房、设备等资产未完成交割，交易 协议项下的除印度资产以外的其他股权及资产均已实现交割并表。 ...

Core Viewpoint - The company has established partnerships with several well-known brands, receiving high recognition from clients [1] Group 1: Partnerships - The company has collaborated with BYD Electronics, Foxconn, Luxshare Precision, Linyang Precision, Yushutech, CRRC, SAIC-GM, and AVIC [1] - These partnerships indicate a strong market presence and potential for growth within the industry [1] Group 2: Client Recognition - The company has received high recognition from its clients, which may enhance its reputation and attract further business opportunities [1] - Additional client information will be disclosed through the company's regular reports and announcements [1]

Core Viewpoint - The company, Luxshare Precision (002475), has demonstrated enhanced global competitiveness in its electrical connection products, with significant advancements in high-speed cable and optical connection technologies [1] Group 1: Product Developments - The company has achieved mass production of its 224G high-speed cable products [1] - The 448G products are currently in preliminary research with several mainstream customers [1] - In the optical connection field, the company has successfully delivered mass production of 800G optical modules [1] Group 2: Future Prospects - The company is conducting customer validation for its 1.6T products [1] - Early exploration has been initiated in key technologies such as LRO (Long Reach Optics) and LPO (Low Power Optics) [1]

Core Viewpoint - The company aims to enhance its vertical integration efficiency across the entire industry chain through smart manufacturing upgrades and foundational capability innovations, while accelerating the strategic expansion of its diversified business to become the preferred partner for global brand clients in multiple fields [1] Group 1 - The company will leverage dual drivers of smart manufacturing upgrades and foundational capability innovations [1] - The focus is on improving the efficiency of vertical integration across the entire industry chain [1] - The strategic goal includes accelerating the expansion of diversified business operations [1]

证券日报网讯立讯精密（002475）11月17日在互动平台回答投资者提问时表示，在光模块业务方面，当 前挑战主要体现在商务拓展而非技术层面。公司正积极努力进入头部客户的供应链。目前，公司的 800G和1.6T光模块产品主要面向中小型数据中心客户进行交付。 ...

Investment Rating - The industry investment rating is "Outperform the Market" [5][42]. Core Insights - The SW Electronics industry saw a record high in fund heavy positions in Q3 2025, with a fund heavy ratio of 22.14%, up 4.91% quarter-on-quarter and 8.15% year-on-year [1][12]. - The focus of institutional investors is on AI computing power, semiconductor self-sufficiency, and an increased interest in the storage sector [2][22]. - The semiconductor sector remains the only sub-sector with an overweight position, while the concentration of the top five heavy positions has decreased, indicating a trend towards diversification in fund allocations [3][35]. Summary by Sections Fund Heavy Positions and Overweight Ratios - The SW Electronics industry had a matching ratio of 12.42% in Q3 2025, with a slight decrease of 0.14 percentage points quarter-on-quarter but an increase of 3.47 percentage points year-on-year [1][12]. - The overweight ratio for the SW Electronics industry in Q3 2025 was 9.71%, reflecting a quarter-on-quarter increase of 1.44 percentage points and a year-on-year increase of 3.65 percentage points [1][12]. Top Heavy Positions - The top ten heavy positions in the SW Electronics industry for Q3 2025 included companies like Cambricon, SMIC, and Industrial Fulian, with a significant focus on semiconductor and AI computing power stocks [2][17]. - All top ten heavy positions experienced price increases in Q3, with Industrial Fulian, Cambricon, and Shenghong Technology showing the highest gains [2][17]. Investment Focus Areas - Institutional investors are particularly focused on AI computing power, with key players in the AI server manufacturing and domestic AI chip sectors benefiting from accelerated industry development [2][22]. - The semiconductor sector is emphasized for its self-sufficiency, with companies like SMIC and Zhongwei benefiting from domestic supply chain improvements [2][22]. - The storage sector is gaining attention, with leading storage chip manufacturer Zhaoyi Innovation seeing continuous institutional accumulation due to favorable supply-demand dynamics [2][22]. Sub-sector Allocation - Only the semiconductor sector maintains an overweight position at 6.26%, despite a decrease of 1.60 percentage points [3][31]. - The optical and optoelectronic sector has seen a slight narrowing of its underweight ratio, indicating a potential shift in investor interest [3][31]. Diversification Trends - The concentration of the top five heavy positions in the SW Electronics industry has been declining since Q1 2025, suggesting a diversification trend in fund allocations [3][35]. - The market share of the top five, ten, and twenty heavy positions in the overall fund heavy market value is 36.36%, 58.02%, and 74.73%, respectively [3][35]. Investment Recommendations - The report suggests focusing on companies within the AI computing power and semiconductor self-sufficiency sectors, as well as the storage sector, which is expected to benefit from ongoing demand and price increases [2][40][37].