9月9日，精研科技跌5.14%，截至发稿，报55.01元/股，成交1.86亿元，换手率2.23%，总市值102.36亿 元。 资料显示，江苏精研科技股份有限公司位于江苏省常州市钟楼经济开发区棕榈路59号，成立日期2004年 11月29日，上市日期2017年10月19日，公司主营业务涉及以MIM产品为主业,并在近年来新拓展了传 动、精密塑胶、散热、智能制造服务及电子制造板块业务。主营业务收入构成为：MIM零部件及组件 59.24%，传动、散热类组件及其他25.79%，精密塑胶零部件及组件7.99%，其他(补充)4.27%，终端产品 2.71%。 华安媒体互联网混合A（001071）成立日期2015年5月15日，最新规模44.84亿。今年以来收益28.45%， 同类排名2486/8179；近一年收益70.8%，同类排名1207/7984；成立以来收益289.6%。 从精研科技十大流通股东角度 数据显示，华安基金旗下1只基金位居精研科技十大流通股东。华安媒体互联网混合A（001071）二季 度新进十大流通股东，持有股数338.25万股，占流通股的比例为2.27%。根据测算，今日浮亏损失约 1007.99万元。 风险 ...

Core Viewpoint - Huawei has officially launched the new Mate XTs foldable smartphone, priced at 17,999 yuan, which is 2,000 yuan lower than its predecessor, marking a significant development in the foldable smartphone market [2] Group 1: Product Features - The new Mate XTs features a new hinge system called "Tiangong Hinge," which reduces the thickness of the outer fold axis by 23% and the inner fold axis by 16% compared to single-sided foldable phones [2] - The device has a lightweight metal frame design and introduces eSIM functionality, eliminating the need for a physical SIM card slot. Its thickness is only 3.6mm when unfolded, making it 15% thinner than Samsung's Galaxy Z Fold 7 [3] - The screen is the largest foldable display in the industry, utilizing 30μm ultra-thin UTG glass, which enhances impact resistance by 30% through the use of non-Newtonian fluid materials [3] Group 2: Market Performance - Huawei has achieved a historical milestone by becoming the first Chinese brand to exceed 10 million cumulative shipments of foldable smartphones, with a market share of 75% in the foldable smartphone segment [4] - According to IDC data, the foldable smartphone market in China is expected to reach 4.98 million units in the first half of 2025, reflecting a year-on-year growth of 12.6% [4] Group 3: Supply Chain Insights - The hinge system's value is approximately 1,000 yuan, with suppliers including Kosen Technology, Jingyan Technology, and Yian Technology [2] - The metal frame's value is estimated to be between 800-1,000 yuan, with the supplier being AAC Technologies, which also provides speaker and motor components [3] - The display suppliers include BOE and Visionox, while the UTG flexible glass is sourced from Kaisheng Technology and Changxin Technology, indicating an increase in material costs due to upgrades [3]

Core Viewpoint - The consumer electronics industry is entering a peak season for new product launches, with a solid long-term growth logic supported by the acceleration of AI applications, which is expected to drive hardware upgrades and replacement cycles [1][4]. Group 1: Market Performance - The Wind data shows that from August 1 to now, the Wind Consumer Electronics Industry Concept Index has increased by 14.91% [1]. - On September 5, the index surged by 3.47%, with significant gains from stocks such as EVE Energy and Xinwangda, which rose over 16% [2]. Group 2: New Product Launches - Huawei launched the Mate XTs Master three-fold phone and several other products, starting at a price of 17,999 yuan [2]. - Samsung introduced the Galaxy Tab S11 Ultra and Galaxy Tab S11, featuring advanced display technology and AI capabilities [2]. - Apple is expected to unveil the iPhone 17 series on September 10, with significant upgrades anticipated in camera, cooling, and design [3]. Group 3: Company Performance - Luxshare Precision reported a revenue of 124.5 billion yuan for the first half of 2025, a year-on-year increase of 20.18%, with a net profit of 6.644 billion yuan, up 23.13% [3]. - Jingyan Technology achieved a revenue of 1.415 billion yuan, growing by 41.19%, and a net profit of 81 million yuan, up 36.37% [3]. - Lens Technology reported a revenue of 32.96 billion yuan, a 14.18% increase, with a net profit of 1.143 billion yuan, up 32.68% [4]. Group 4: Long-term Growth Outlook - Analysts believe that the consumer electronics sector's long-term growth logic remains solid, with AI applications expected to accelerate replacement cycles for mobile devices and drive hardware upgrades [4][5]. - The domestic supply chain's strong R&D capabilities and stable fundamentals position leading companies to benefit from the AI innovation wave [4]. - Investment opportunities are suggested in AI application innovations across various consumer electronics segments, including mobile phones, PCs, and wearables [5][6].

Group 1 - The company primarily provides MIM parts for axis components and hinges for foldable smartphones to Android clients [1] - The company has a strong technical foundation in MIM technology, excellent process control capabilities, and extensive experience in material development and mass production [1] - The company possesses certain advantages in the industry due to its comprehensive capabilities [1]

Group 1 - The company has a diverse range of MIM products, including components for pivot assemblies, camera brackets, wearable structural parts, and watch cases [1] - Revenue from products related to card holders is relatively low [1]

Group 1 - The core viewpoint of the article highlights that Jingyan Technology (300709.SZ) is actively engaging in investor relations regarding its liquid cooling business segment, which includes products such as liquid cooling modules and plates [1] - The company is expanding its focus areas primarily in servers and energy storage, while also exploring opportunities in chips and base stations [1] - Currently, the liquid cooling business has not secured mass production orders or conducted mass supply for chip companies, indicating a need for cautious analysis from investors [1]

Group 1: Company Strategy and Goals - The company's vision is to become a world-class enterprise focused on long-term development and technological advantages, with a strategic goal of enhancing operational models and management systems through modernization [3][4]. - The company aims to maintain shareholder rights and responsibilities through prudent market value management, focusing on core business operations [3][4]. Group 2: Financial Performance - In Q2 2025, the company achieved a net profit of 98.25 million CNY, a 13.82% increase year-on-year, driven by strong growth in core business areas [6][7]. - The total revenue for Q2 2025 reached 945 million CNY, reflecting a year-on-year growth of 54.21%, primarily due to increased demand from major Android clients and the expansion of new application scenarios [7][18]. Group 3: Business Segments and Product Development - The company has diversified its business into six major segments, including precision metal components, power, precision plastics, thermal management, smart manufacturing services, and electronic manufacturing [4][5]. - The MIM product line has seen significant growth, with a 30.19% increase in revenue from smartphone and wearable device components, and a 70.27% increase from the power segment [18]. Group 4: Future Growth and Market Position - The company plans to expand its MIM business capacity and is actively pursuing new applications in sectors such as new energy, new consumption, and new infrastructure [19][22]. - The company is focusing on enhancing its competitive edge through innovation in materials, products, and manufacturing processes [19][20]. Group 5: Risk Management and Investor Relations - The company emphasizes the importance of prudent investment decisions and encourages investors to analyze risks carefully, especially in light of market fluctuations [9][27]. - The company maintains a commitment to transparent communication with investors, regularly updating them on financial performance and strategic initiatives [27].

Group 1: Market Performance - The foldable screen sector showed strong performance with stocks like Zhengye Technology hitting the daily limit, and Yian Technology rising over 10% [1] - Zhengye Technology, a major supplier of display module assembly equipment, saw a 20.02% increase in stock price, reaching a market cap of 3.85 billion [1] - Yian Technology, with the world's largest aluminum-based liquid metal production line, experienced a 10.50% rise, bringing its market cap to 13.58 billion [1] Group 2: Industry Trends - Analysts predict that Apple will launch foldable iPhones and iPads between 2026 and 2028, with increased shipment estimates for the foldable iPhone [2] - The foldable smartphone market is expected to grow significantly, with a projected compound annual growth rate of 49.48% from 2021 to 2027, reaching 102 million units by 2027 [5] - The penetration rate of foldable phones is anticipated to rise from 1.6% in 2025 to over 3% by 2027, driven by new product launches [5] Group 3: Technological Innovations - The introduction of foldable devices by Apple is expected to drive innovation in hinge technology, with liquid metal and titanium alloys becoming more prevalent [5] - Key components such as UTG ultra-thin flexible glass and hinges are projected to see increased market demand, benefiting related supply chain companies [5]

Group 1 - The folding screen concept stocks experienced a significant rally on September 4, with notable increases in share prices [1] - Yian Technology saw a rise of over 16%, while Jingyan Technology, Lens Technology, and Green Precision each increased by over 5% [1] - Other companies such as Dongcai Technology, Furong Technology, Lian De Equipment, and Lingyi Technology also showed upward movement in their stock prices [1]

Group 1 - The reducer concept sector rose by 1.87%, ranking first among concept sectors, with 72 stocks increasing in value [1][2] - Notable gainers included Chunxing Precision, Qinchuan Machine Tool, and Julun Intelligent, which hit the daily limit, while Jiyang Precision, Yisheng Precision, and Slin Technology saw significant increases of 20.06%, 15.01%, and 11.32% respectively [1][2] - The sector experienced a net inflow of 1.282 billion yuan, with 52 stocks receiving net inflows, and 10 stocks exceeding 100 million yuan in net inflows, led by Julun Intelligent with 1.252 billion yuan [2][3] Group 2 - The top stocks by net inflow ratio included Chunxing Precision, Julun Intelligent, and Bojie Co., with net inflow ratios of 56.73%, 43.30%, and 42.16% respectively [3] - The trading volume for Julun Intelligent was 1251.65 million yuan, with a turnover rate of 17.48%, while Qinchuan Machine Tool and Chunxing Precision also showed strong performance with turnover rates of 18.37% and 11.60% respectively [3] - The overall market saw declines in other sectors, with the F5G concept down by 5.20% and the WiFi 6 concept down by 5.15% [2]