Investment Rating - The report maintains an "Accumulate" rating for the company [4] Core Insights - The company is a leading provider of precision manufacturing solutions across the entire supply chain for smart terminals, leveraging its strong technological foundation in various materials to achieve vertical integration from raw material production to final assembly [6][11] - The financial performance shows steady growth in revenue and profit, with a projected increase in revenue from 544.91 billion yuan in 2023 to 1,395.99 billion yuan by 2027, and net profit expected to rise from 30.21 billion yuan to 83.81 billion yuan in the same period [4][6] - The company is expanding its business into emerging markets such as smart automotive, humanoid robots, AI/XR glasses, and smart retail, which are expected to drive future growth [6][7] Summary by Sections Company Overview - The company has a solid business foundation and high-quality customer resources, being a strategic partner to many global brands like Apple, Samsung, and Tesla [12][11] - It has a diversified business structure covering multiple sectors including consumer electronics and smart automotive [21][11] Financial Performance - Revenue is projected to grow from 466.99 billion yuan in 2022 to 698.97 billion yuan in 2024, with a compound annual growth rate (CAGR) of 22.34% [29] - The net profit is expected to increase from 24.48 billion yuan to 36.24 billion yuan in the same period, with a CAGR of 21.67% [29] Consumer Electronics - The company is positioned to benefit from the AI upgrade and innovation in the consumer electronics sector, with a focus on high-value products like foldable screens and 3D glass [6][48] - The revenue from the smartphone and computer segments is expected to grow significantly, driven by increased demand and product upgrades [30][34] Smart Automotive - The company is expanding into the automotive electronics sector, with innovative products like ultra-thin laminated glass and smart cockpit components, which are expected to enhance the value per vehicle [6][33] - The automotive segment's revenue is projected to grow significantly as the penetration of electric vehicles increases [6][33] Emerging Fields - The company is strategically positioning itself in emerging markets such as humanoid robots and AI data centers, with a focus on vertical integration and technological innovation [7][6] - Collaborations with leading companies in these fields are expected to foster growth and enhance market presence [7][6]

Investment Rating - The report maintains a rating of "Buy" for the company [4]. Core Insights - The company is a leading provider of precision manufacturing solutions across the entire smart terminal supply chain, leveraging its strong technological foundation in various materials to achieve vertical integration from raw material production to final assembly [6][11]. - The financial performance shows steady growth in revenue and profit, with significant contributions from both traditional and emerging business segments, indicating a robust operational synergy [6][29]. - The company is strategically positioned to benefit from the AI hardware upgrade and the wave of automotive intelligence, with a focus on continuous R&D investment and global capacity expansion [6][7]. Summary by Sections Company Overview - The company has established a solid foundation with high-quality customer resources and significant vertical integration capabilities, partnering with major global brands across various sectors [12][21]. - The business structure is diversified, covering multiple high-end consumer electronics and emerging markets, including smart automotive and AI technologies [21][25]. Financial Performance - Revenue is projected to grow from 544.91 billion yuan in 2023 to 1,395.99 billion yuan by 2027, with net profit increasing from 30.21 billion yuan to 83.81 billion yuan in the same period [4][6]. - The company has shown a compound annual growth rate (CAGR) of 22.34% in revenue and 21.67% in net profit from 2022 to 2024 [29]. Consumer Electronics - The company maintains a strong position in the consumer electronics sector, capitalizing on AI upgrades and innovations in foldable screens, which are expected to drive structural growth [48][49]. - The revenue from smartphones and computers is projected to increase significantly, with a notable rise in average selling prices due to product upgrades and market demand [30][34]. Smart Automotive - The company is expanding into the automotive electronics sector, enhancing its product value and business boundaries, with innovative products like ultra-thin laminated glass and smart cockpit components [6][33]. - Revenue from the automotive segment is expected to grow rapidly as the penetration of electric vehicles increases and new product developments continue [7][33]. Emerging Fields - The company is proactively entering emerging markets such as humanoid robotics and AI data centers, establishing a comprehensive vertical integration platform for these technologies [7][28]. - Collaborations with leading companies in various sectors are expected to foster innovation and accelerate growth in these new areas [6][7].

爱建证券有限责任公司研究员许亮1月12日发布研报《蓝思科技公司点评：CES2026蓝思科技发布前沿 应用进展》称，维持蓝思科技"买入"评级和盈利预测。 蓝思科技1月12日股价盘中最高达到43.44元，创年内高点。 中国经济网北京1月30日讯蓝思科技（300433）(300433.SZ)今日收报36.35元，跌幅3.17%。 ...

Core Viewpoint - The Xinchuang industry index experienced a decline of 2% on January 30, with significant drops in several companies, indicating a negative trend in the sector [1] Company Performance - Deepin Technology saw a decline of over 8% [1] - Zhongke Xingtu, Hu Silicon Industry, Langxin Technology, and Lens Technology each fell by more than 4% [1]

Group 1 - The company, Lens Technology (300433), announced the appointment of Mr. Tang Xiangxi as an independent non-executive director [1] - Mr. Tang will replace Mr. Xie Zhiming as the chairman of the audit committee and the remuneration and assessment committee [1] - The term of Mr. Tang's appointment will last from the date of approval at the extraordinary general meeting until the end of the fifth board of directors [1]

智通财经APP讯，蓝思科技(06613)发布公告，汤湘希先生已获委任为独立非执行董事，并接替谢志明先 生原担任审计委员会主席及薪酬与考核委员会主席的职务，任期自临时股东会会议审议通过之日起至公 司第五届董事会届满之日止。 ...

证券代码：300433 证券简称：蓝思科技 公告编号：临 2026-009 蓝思科技股份有限公司 2026 年第一次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 蓝思科技股份有限公司（以下简称"公司"）2026 年第一次临时股东会现 场会议于 2026 年 1 月 29 日下午 14:30，在长沙县黄花镇漓湘东路 319 号蓝思科 技办公大楼一楼 VIP 会议室召开，网络投票从 2026 年 1 月 29 日上午 09:15 起 至 2026 年 1 月 29 日下午 15:00 止。本次股东会由公司董事会召集，公司董事 长周群飞女士主持。会议的召集、召开符合《中华人民共和国公司法》《上市公 司股东会规则》等法律、法规和《蓝思科技股份有限公司章程》的规定。 | | | 现场出席会议情况 | | | 网络投票情况 | 占公司 | | 总体出席会议情况 | | | --- | --- | --- | --- | --- | -- ...

中国 深圳 福田区 益田路6001号 太平金融大厦11、12楼 邮政编码：518038 11/F、12/F., TAIPING FINANCE TOWER, NO.6001 YITIAN ROAD, SHENZHEN, P.R. CHINA 电话（Tel.）：（86-755) 88265288 传真（Fax.）：（86-755）88265537 网站（Website）：https://www.sundiallawfirm.com 广东信达律师事务所 关于蓝思科技股份有限公司 2026年第一次临时股东会 法律意见书 信达会字（2026）第 020 号 致：蓝思科技股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《上市公司股东会 规则》（下称"《规则》"）等法律、法规以及现行有效的《蓝思科技股份有限公 司章程》（下称"《公司章程》"）的规定，广东信达律师事务所（下称"信达"） 接受贵公司的委托，指派律师（下称"信达律师"）出席贵公司 2026 年第一次临 时股东会（下称"本次股东会"），在进行必要验证工作的基础上，对贵公司本次 股东会的召集、召开程序、出席会议人员和召集人资格、表决程序和结果等事 ...

Core Viewpoint - The article highlights the investment strategy of Hu Zhongyuan, focusing on AI applications and robotics, while maintaining a cautious approach with a reduced equity position in his funds [1][4]. Fund Performance - Hu Zhongyuan manages a total of 33.2 billion yuan across five funds, achieving an annualized return of 26% over 6.8 years [6]. - The flagship fund, Huashang Runfeng Flexible Allocation Mixed A, has shown a remarkable return of 85.02% in 2025, significantly outperforming its benchmark and the CSI 300 index [11][12]. - The fund's net value has consistently increased, with a 4.28% growth in the current year [11]. Investment Strategy - The fund maintained an equity position below 45% during market downturns in 2022 and 2023, effectively controlling drawdowns [13]. - Starting in Q1 2024, Hu Zhongyuan increased the equity position to over 90%, but has since reduced it to around 50% in Q3 2025, indicating a strategic shift in response to market conditions [15]. - The top ten holdings have become more diversified, with the concentration of the top ten stocks decreasing from 45% to 23% [15]. Sector Focus - The fund is now focusing on AI application hardware and robotics, with investments spread across sectors such as electronics, communications, media, machinery, home appliances, automotive, electric power equipment, and medical devices [17]. - Recent adjustments include new positions in key consumer electronics companies, indicating a shift from upstream technology to downstream applications [17]. Key Holdings - The top ten holdings in Q4 2025 include new entries like Crystal Optoelectronics, GoerTek, and Luxshare Precision, reflecting a strategic pivot towards consumer electronics [17][19]. - The fund has also increased its stakes in companies involved in the robotics sector, such as Sanhua Intelligent Control and Top Group, while introducing new positions in Jiangsu Leili [19].

Group 1 - The core point of the article highlights recent stock transfers involving Lens Technology (蓝思科技), indicating significant movements in shareholder investments [1] - On January 28, shareholders transferred stocks worth HKD 280 million from Citibank to HSBC, representing 3.05% of the total shares [1] - On January 27, a transfer of stocks worth HKD 465 million occurred from Goldman Sachs (Asia) Securities to Citibank, accounting for 5.12% of the total shares [1] Group 2 - Lens Technology showcased its self-developed aerospace-grade ultra-thin flexible glass (UTG) photovoltaic packaging solution for the first time at CES 2026 [1]