【私募调研记录】仁桥资产调研环旭电子

Core Insights - Renqiao Asset recently conducted research on a listed company, specifically focusing on Huanxu Electronics, which has made advancements in various fields including SiP modules, AI glasses, servers, and optical modules [1] Company Developments - Huanxu Electronics has new applications for SiP modules in mobile phones and AI glasses [1] - The L10 server JDM project has been delivered, and the 1.6T optical module is currently a research and development product [1] - The company anticipates mass production of 800V DC power supply by 2028 [1] Business Performance - Among the five major business segments, revenue from smart glasses is expected to increase significantly, while industrial products are experiencing slow inventory turnover [1] - The competition in the automotive electronics sector is intense [1] - The company aims to accelerate the growth of its I加速卡 segment to capture a 30% market share and plans to expand its mainboard business in the future [1]