Core Viewpoint - The mobile industry chain continues to rise, driven by the collaboration between AI model developers and mobile hardware manufacturers, marking a significant phase in the integration of AI technology into smartphones [1] Group 1: Market Performance - Companies such as AAC Technologies (02018) saw a stock increase of 5.37%, reaching HKD 40; BYD Electronics (00285) rose by 2.78% to HKD 34.74; GoerTek (01415) increased by 2.67% to HKD 30.8; and Q Technology (01478) gained 2.93%, reaching HKD 9.83 [1] Group 2: Industry Developments - On December 1, ByteDance's AI assistant "Doubao" and ZTE announced the launch of a small batch sale of Nubia brand engineering prototypes equipped with Doubao's mobile assistant technology preview version, indicating a deep cross-industry collaboration [1] - According to a report from Galaxy Securities, the advent of the AI smartphone era signifies that AI will become a key differentiating factor in the future consumer electronics market [1] - Multiple manufacturers have released AI large models, focusing on generative AI smartphones, with domestic brands in China placing significant emphasis on seizing broader market opportunities during this new innovation cycle to enhance product value and solidify brand market position [1]

Core Viewpoint - The Hong Kong stock market saw a continued rise in Apple-related stocks, driven by positive supply chain news regarding the upcoming iPhone Fold, which is expected to be released by the end of next year [1] Group 1: Stock Performance - AAC Technologies (瑞声科技) rose over 4.21% to a price of 39.560 [2] - BYD Electronics (比亚迪电子) increased by 2.96% to 34.800 [2] - Hon Teng Precision (鸿腾精密) saw a rise of 2.81% to 5.120 [2] - Q Technology (丘钛科技) gained 2.41% to 9.780 [2] - Lens Technology (蓝思科技) increased by 2.06% to 25.760 [2] - Sunny Optical Technology (舜宇光学科技) rose by 1.41% to 68.400 [2] - GoerTek (高伟电子) saw a slight increase of 1.13% to 30.340 [2] Group 2: Product Development - Apple's first foldable phone, the iPhone Fold, has entered the Engineering Validation Test (EVT) and pre-production stages, with only minor design adjustments remaining [1] - Recent supply chain reports indicate that component manufacturers are already in a state of readiness, suggesting that the final design of the iPhone Fold is largely confirmed and a release is highly probable next year [1]

Core Viewpoint - The Apple concept stocks in the Hong Kong market continue to rise, driven by news regarding the upcoming release of Apple's first foldable phone, the iPhone Fold, which is expected to be launched by the end of next year [1] Group 1: Stock Performance - AAC Technologies (瑞声科技) rose over 4.21% to a price of 39.560 [2] - BYD Electronic (比亚迪电子) increased by 2.96% to 34.800 [2] - Hon Teng Precision (鸿腾精密) saw a rise of 2.81% [2] - Q Technology (丘钛科技) grew by 2.41% to 9.780 [2] - Lens Technology (蓝思科技) increased by 2.06% to 25.760 [2] - Sunny Optical Technology (舜宇光学科技) rose by 1.41% to 68.400 [2] - GoerTek (高伟电子) increased by 1.13% to 30.340 [2] Group 2: Product Development - The iPhone Fold has entered the Engineering Validation Test (EVT) and pre-production phases, with only minor design adjustments remaining [1] - Supply chain sources indicate that component manufacturers are already in a state of readiness to supply parts to assembly factories, suggesting that the final design of the iPhone Fold is largely confirmed [1]

| 截至月份: | 2025年11月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 比亞迪電子(國際)有限公司 | | | 呈交日期: | 2025年12月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00285 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,253,204,500 | | 0 | | 2,253,204,500 | | 增加 / 減少 (-) | | | ...

Group 1 - The Hang Seng Tech Index (HSTECH) has seen significant gains in its constituent stocks, with notable increases in companies such as Tongcheng Travel (up 6.11%), Sunny Optical Technology (up 5.04%), JD Health (up 3.44%), Alibaba-W (up 3.10%), and BYD Electronics (up 2.29%) [1] - The Hang Seng Tech ETF Penghua (520590) has increased by 0.30%, with the latest price reported at 1.01 yuan [1] - Doubao Mobile Assistant has released a technical preview version, marking a collaboration between Doubao and mobile manufacturers at the operating system level, which is expected to be a significant advancement in mobile AI assistants [1] Group 2 - Despite the continuous rise in the Hong Kong stock market, Everbright Securities notes that overall valuations remain low, indicating a high long-term cost-performance ratio for investments [2] - The ongoing development of the AI industry and the potential interest rate cut by the Federal Reserve in December may lead to further upward movement in the Hong Kong stock market [2] - The top ten weighted stocks in the Hang Seng Tech Index as of November 28, 2025, include Alibaba-W, Tencent Holdings, Meituan-W, SMIC, NetEase-S, BYD Company, Xiaomi Group-W, JD Group-SW, Kuaishou-W, and Trip.com Group-S, collectively accounting for 69.51% of the index [2]

Group 1 - The core viewpoint of the articles indicates that Apple is expected to reclaim its position as the world's largest smartphone manufacturer after more than a decade, driven by strong sales of the new iPhone series and a surge in consumer upgrades [2][3] - Apple is projected to achieve double-digit year-on-year sales growth in both the Chinese and American markets, thanks to the popularity of its new models [2][3] - According to Counterpoint Research, Apple's market share is expected to reach 19.4% in 2025, marking its first return to the top of global smartphone sales since 2011 [3] Group 2 - Several Hong Kong-listed Apple concept stocks have seen significant increases, with companies like Q Technology and GoerTek rising over 4%, and others like Sunny Optical and Lens Technology also experiencing gains [1][2] - The anticipated growth in iPhone shipments is estimated at around 10% for 2025, while Samsung's growth is expected to be only 4.6% [3] - The overall global smartphone market is projected to expand by approximately 3.3% in 2025 [3]

Group 1 - The core viewpoint of the articles indicates that Apple is expected to reclaim its position as the world's largest smartphone manufacturer after more than a decade, driven by strong sales of the new iPhone series and a surge in consumer upgrades [1] - According to Counterpoint Research, Apple's sales in both the Chinese and American markets are projected to achieve double-digit year-on-year growth, significantly boosting its market position [1] - It is anticipated that Apple's iPhone shipments will increase by approximately 10% in 2025, while Samsung's growth is expected to be only 4.6%, allowing Apple to surpass its long-term competitor [1] Group 2 - The Hong Kong stock market saw a general increase in Apple-related stocks, with notable gains including 4.44% for Hillstone Technology and 4.24% for GoerTek [2] - Other companies such as Sunny Optical Technology and Lens Technology also experienced modest increases, reflecting positive market sentiment towards Apple-related stocks [2] - The overall smartphone market is projected to expand by about 3.3% in 2025, with Apple expected to capture 19.4% of the market share, marking its first return to the top of global sales since 2011 [1]

Group 1 - The core viewpoint of the article highlights that Apple is expected to reclaim its position as the world's largest smartphone manufacturer after more than a decade, driven by strong sales of the new iPhone series and a wave of consumer upgrades [1] - According to Counterpoint Research, Apple's sales in both the Chinese and American markets are projected to achieve double-digit year-on-year growth, significantly boosting its market position [1] - The analysis predicts that Apple will surpass its long-time competitor Samsung Electronics this year, with iPhone shipments expected to grow by approximately 10% in 2025, compared to Samsung's anticipated growth of 4.6% [1] Group 2 - The global smartphone market is expected to expand by about 3.3% in 2025, with Apple projected to capture a market share of 19.4%, marking its first return to the top of global sales rankings since 2011 [1] - Hong Kong-listed Apple concept stocks generally saw an increase, with notable gains from companies such as Q Technology and GoerTek, which rose over 4%, and others like Sunny Optical and Lens Technology, which increased by over 1% [2]

Group 1 - The core viewpoint of the articles indicates that Apple is expected to reclaim its position as the world's largest smartphone manufacturer after more than a decade, driven by strong sales of the new iPhone series and a wave of consumer upgrades [1] - According to Counterpoint Research, Apple's sales in both the Chinese and American markets are projected to achieve double-digit year-on-year growth, significantly boosting its market position [1] - It is anticipated that Apple's iPhone shipments will increase by approximately 10% in 2025, while Samsung's growth is expected to be only 4.6%, allowing Apple to surpass its long-term competitor [1] Group 2 - The Hong Kong stock market saw a general increase in Apple-related stocks, with notable gains including 4.44% for Q Technology and 4.24% for GoerTek, among others [2] - Specific stock performance includes Q Technology at 9.400 with a rise of 4.44%, GoerTek at 29.960 with a rise of 4.24%, and other companies like Sunny Optical and Lens Technology also showing positive growth [2] - The overall smartphone market is projected to expand by approximately 3.3% in 2025, with Apple expected to capture a market share of 19.4%, marking its first return to the top of global sales since 2011 [1]

Group 1 - The core message of the event is the launch of the Redmi K70 series, marking the 10th anniversary of Redmi, with a global sales milestone of 1 billion units achieved over the past decade [2] - The Redmi K70 series includes three models: Redmi K70 Pro starting at 3299 yuan, Redmi K70 starting at 2499 yuan, and Redmi K70 E starting at 1999 yuan, all equipped with advanced processors [2] - The company aims to achieve a comprehensive output value of 2 trillion yuan in the next decade by leveraging domestic supply chains and transitioning from a follower to a leader in the industry [2][3] Group 2 - Redmi has initiated a new global industrial chain cooperation framework and launched the "2 Trillion New Blueprint Plan" to enhance collaboration with domestic supply chain partners [3] - The company has established a consensus with domestic supply chain enterprises on the future development of China's technology industry, emphasizing four development initiatives focused on innovation, global connectivity, self-reliance, and the rise of trillion-level industrial clusters [3]