Core Viewpoint - The company Zhihui Dongli (智动力) confirmed that it does not have a partnership with Doubao and is not supplying components for Doubao smartphones [1]. Group 1: Company Information - Zhihui Dongli's functional components, structural components, and precision optical components are applicable to smartphones and AI phones [1]. - Current smartphone brand partnerships include Samsung, OPPO, and vivo [1].

格隆汇12月2日丨智动力（维权）(300686.SZ)公布，截至2025年11月30日，公司通过股份回购专用证券 账户以集中竞价交易方式累计回购公司股份2,941,600股，占目前公司总股本的1.13%，最高成交价为 16.35元/股，最低成交价为12.94元/股，成交总金额为人民币44,915,689.00元（不含交易费用）。 ...

证券日报网讯12月2日，智动力（300686）在互动平台回答投资者提问时表示，截至2025年11月28日， 公司股东总户数22161户。 ...

证券代码：300686 证券简称：智动力 公告编号：2025-090 深圳市智动力精密技术股份有限公司 关于回购公司股份的进展公告 公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 截至 2025 年 11 月 30 日，公司通过股份回购专用证券账户以集中竞价交易 方式累计回购公司股份 2,941,600 股，占目前公司总股本的 1.13%，最高成交价 为 16.35 元/股，最低成交价为 12.94 元/股，成交总金额为人民币 44,915,689.00 元（不含交易费用）。 二、其他说明 （2）中国证监会和深圳证券交易所规定的其他情形。 深圳市智动力精密技术股份有限公司（以下简称"公司"或"本公司"）于 2025 年 6 月 23 日召开第四届董事会第二十八次会议，审议通过了《关于回购公司股 份方案的议案》，公司拟使用公司自有资金或自筹资金以集中竞价交易方式回购 公司部分社会公众股份，用于实施公司股权激励计划。本次回购资金总额不低于 人民币 3,000.00 万元（含本数）且不超过人民币 6,000.00 万元（含本数），具体 内容详见公司于 2025 年 06 月 ...

Group 1 - The consumer electronics sector in the A-share market showed strong performance on December 1, with several companies experiencing significant stock price increases [1] - XREAL is collaborating with Google to launch AR glasses named Project Aura, expected to be released in December [1] Group 2 - Beilong Precision saw a 20% increase in stock price, with a total market capitalization of 4.005 billion [2] - Yitian Co. experienced a 13.85% rise, with a market cap of 3.869 billion [2] - Meige Intelligent's stock rose by 10%, with a market capitalization of 12 billion [2] - Desai Battery's stock increased by 7.74%, with a market cap of 11.1 billion [2] - Other notable performers include Yunjia Technology (6.92% increase), Zhihui Power (6.86% increase), and Tongxingda (6.69% increase) [2]

Group 1 - The core point of the news is that Zhihui Power's stock price increased by 5.15% to 16.55 CNY per share, with a trading volume of 189 million CNY and a turnover rate of 7.07%, resulting in a total market capitalization of 4.313 billion CNY [1] - Zhihui Power, established on July 26, 2004, and listed on August 4, 2017, is located in Dongguan, Guangdong Province, and specializes in the research, production, and sales of functional components for consumer electronics such as mobile phones [1] - The company's main business revenue composition includes structural electronic components (39.37%), functional electronic components (39.30%), optical components (20.43%), and other (0.91%) [1] Group 2 - According to data, Dazhong Fund holds a significant position in Zhihui Power, with the Dazhong CSI 360 Internet + Index A fund (002236) holding 1.2726 million shares, accounting for 1.09% of the fund's net value, ranking as the fifth-largest holding [2] - The Dazhong CSI 360 Internet + Index A fund was established on February 3, 2016, with a latest scale of 788 million CNY, and has achieved a year-to-date return of 40.67%, ranking 799 out of 4206 in its category [2] - The fund has a one-year return of 40.19%, ranking 769 out of 4008, and a cumulative return since inception of 231.77% [2] Group 3 - The fund manager of Dazhong CSI 360 Internet + Index A is Xia Gao, who has been in the position for 10 years and 364 days, managing total assets of 2.494 billion CNY [3] - During Xia Gao's tenure, the best fund return was 231.77%, while the worst return was -71.74% [3]

Market Overview - On November 27, the A-share market experienced a pullback after an initial rise, with the Sci-Tech 50 and ChiNext indices both retreating over 2% from their gains, while the Shanghai Composite Index rose by 0.29% and the Shenzhen Component Index fell by 0.25% [2][3]. Sector Performance - The organic silicon, solid-state battery, consumer electronics, paper, and photovoltaic equipment sectors showed strong performance, while sectors such as Hainan Free Trade Zone, film and television, cultivated diamonds, China Shipbuilding Industry, and internet e-commerce saw declines [2][3]. - Notably, organic silicon stocks surged, with companies like Hongbo New Materials and Chenguang New Materials hitting the daily limit, and Huasheng Lithium Battery, Jinyin Galaxy, and Yuanxiang New Materials rising over 10% [2][3]. Key Stocks - Solid-state battery stocks saw a wave of limit-ups, with companies like Mingguan New Materials, Liande Equipment, Haike New Source, and Huazi Technology all reaching the daily limit [5]. - Specific stock performances included: - Huaguan Lithium Battery: +15.54% at 115.86 - Jinyin Galaxy: +12.96% at 51.08 - Yuanxiang New Materials: +11.03% at 47.21 - Hongbo New Materials: +10.05% at 7.23 - Chenguang New Materials: +9.97% at 15.99 [4][5]. Capital Flow - Main capital flows indicated a net inflow into sectors such as consumer electronics, paper printing, and batteries, while there was a net outflow from cultural media, communications, and computing sectors [7][8]. - Notable net inflows were seen in stocks like ZTE Corporation, Chip Original, and Furi Electronics, with inflows of 0.787 billion, 0.488 billion, and 0.463 billion respectively [7]. - Conversely, stocks like Zhongji Xuchuang, Hudian Co., and Ningde Times faced significant sell-offs, with outflows of 1.446 billion, 0.967 billion, and 0.789 billion respectively [8]. Institutional Insights - Debon Securities noted that market volume will determine the height of the market trend, suggesting a continued rotation between technology and consumer sectors [9]. - Hengsheng Qianhai Fund highlighted that the A-share market remains in a state of strong bullish and bearish sentiment, with expectations of continued volatility [10]. - Dongwu Securities emphasized the robust demand for computing power within the industry chain, indicating that the market for computing infrastructure is still in a phase of rapid expansion [10].

Core Viewpoint - The A-share market is witnessing significant activity in Google-related industry chain stocks, driven by Google's challenge to Nvidia's dominance in the AI chip market through its TPU chip offerings [1] Group 1: Stock Performance - Saiwei Electronics reached a historical high with a 20% limit up [1] - Xidi Micro increased by over 13% [1] - Zhihui Power and Taicheng Light both rose by over 9% [1] - Yintang Zhikong and Guangku Technology saw increases of over 7% [1] - Tengjing Technology grew by over 5% [1] - Dekeli experienced a rise of over 4% [1] Group 2: Market Developments - Google is leveraging its advancements in AI models to challenge Nvidia's chip market leadership [1] - The company has begun promoting its TPU chip deployment in its own data centers to major clients like Meta, aiming to expand beyond its Google Cloud rental business [1]

Group 1 - The core viewpoint of the news is that Google is challenging NVIDIA's dominance in the chip market by promoting its TPU chips to major clients like Meta, leveraging its advancements in AI models [1] - In the A-share market, stocks related to the Google supply chain are experiencing significant activity, with Saiwei Electronics hitting a historical high with a 20% increase, and other companies like Xidi Micro, Zhihui Power, and Taicheng Light also seeing substantial gains [1] - Google aims to expand its TPU chip deployment from its cloud rental business to a broader market, indicating a strategic shift in its approach to AI hardware [1]

Core Viewpoint - The company, Zhihui Power, is primarily engaged in the research, production, and sales of functional components and structural parts for consumer electronics, establishing long-term partnerships with major brands like Samsung, Google, and OPPO [1] Group 1: Company Overview - Zhihui Power has been deeply involved in the consumer electronics sector for many years [1] - The company serves as a first-tier supplier for Google, providing mobile-related functional components such as thermal and conductive electronic devices through partners like Foxconn and Compal [1] Group 2: Partnerships and Development - The company has established stable cooperation relationships with leading consumer electronics brands [1] - Zhihui Power is currently collaborating with clients on the development of new product requirements, with specific details to be confirmed through company announcements [1]