11月24日，科森科技盘中上涨2.02%，截至14:02，报11.64元/股，成交2.19亿元，换手率3.48%，总市值 64.59亿元。 资金流向方面，主力资金净流入751.35万元，特大单买入608.60万元，占比2.78%，卖出584.71万元，占 比2.67%；大单买入3876.86万元，占比17.72%，卖出3149.39万元，占比14.40%。 资料显示，昆山科森科技股份有限公司位于江苏省昆山开发区新星南路155号，成立日期2010年12月1 日，上市日期2017年2月9日，公司主营业务涉及精密压铸、锻压、冲压、CNC、激光切割、激光焊 接、MIM、精密注塑等制造工艺、技术为基础,以精密模具设计、生产为支撑,为苹果、亚马逊、谷歌、 美敦力等国际、国内知名客户提供消费电子、医疗器械、汽车(含新能源汽车)、液晶面板、电子烟等终 端产品所需精密金属、塑胶结构件产品的研发、制造以及部分工艺服务。主营业务收入构成为：消费电 子产品结构件76.75%，新能源-储能业务10.58%，医疗手术器械结构件8.10%，其他精密金属结构件 3.33%，其他(补充)1.23%。 科森科技所属申万行业为：电子-消费电子-消 ...

Core Viewpoint - The company, Baotou Yinstar Rare Magnetic New Materials Co., Ltd., is focusing on research and development in 2025, particularly in the areas of non-heavy rare earth development and applications across multiple fields, including the electric vehicle sector [2][3]. Group 1: Research and Development Focus - In 2025, the company's R&D will concentrate on three main areas: the development and application of non-heavy rare earths to reduce reliance on medium and heavy rare earths, optimization of production processes and technology to enhance efficiency and product performance, and deepening applications in consumer electronics, electric vehicles, high-end motors, and robotics [2][3]. Group 2: Electric Vehicle Sector - The company's products in the electric vehicle sector are primarily used in safety control systems, sensor systems, and auxiliary function components. Current mass production projects have achieved stable supply, and the company is actively expanding its customer base and new projects, with some new projects entering the sample testing phase [3]. Group 3: Consumer Electronics - Orders for magnetic components in the consumer electronics sector exhibit significant seasonality, closely linked to the product release cycles of end customers. If customers plan to launch new products in the first half of the year, mass production typically occurs in the previous year's fourth quarter or the first quarter of the current year; for launches in the second half, mass production is concentrated in the second and third quarters of the current year [4]. Group 4: Profit Margins - The company indicates that the gross margin of magnetic components in the consumer electronics sector varies significantly due to factors such as product type, process design, and material prices, and is not strictly correlated with the type of end product [5]. Group 5: Core Customer Collaboration - The company is deepening collaboration with existing core customers, expanding both the breadth and depth of cooperation. This includes aligning with customer capacity planning, participating in new project development, and securing orders. The rise of innovative products like foldable screens is expected to enhance the value of upstream core components, allowing the company to expand its supply categories and scale due to its responsive R&D system and stable product quality [6].

Group 1: Company Overview - Anjie Technology's core business is in consumer electronics, focusing on precision functional and structural components for smart devices like smartphones and laptops, maintaining stable strategic partnerships with major global brands [2] - The company is actively developing in emerging technology fields, including AI glasses, humanoid robots, and foldable screens, aligning product development with customer needs [2] Group 2: Global Expansion - Anjie Technology has accelerated its global layout with operational factories in Thailand and the USA, achieving mass production and delivery of various products, while the Vietnam factory is preparing for production [3] - The company aims to enhance its international R&D, production, and supply chain capabilities to strengthen its global competitive advantage [3] Group 3: New Energy Vehicle Business - In the new energy vehicle sector, Anjie Technology provides components for battery modules, cooling systems, charging ports, and high-voltage connectors, while also entering the high-power wireless charging system market [4] - The company plans to follow industry technology trends, focusing on innovation and product upgrades, while expanding its customer base and market presence in the new energy vehicle sector [4]

股票代码：002635 股票简称：安洁科技 苏州安洁科技股份有限公司 投资者关系活动记录表 编号：2025-004 | 品量产供货。 | | --- | （五）问：公司海外工厂建设情况？ 答：为了满足产业链全球化需求，公司泰国工厂、美国 工厂已投入生产运营，并实现多品种产品量产交付。越南工 厂也逐步完成主要客户的审厂认证等准备工作，后续将快速 推动投产进程。 公司将不断提升自身国际化产品研发、生产和供应链布 局能力。 （六）问：公司新能源汽车业务情况发展现状以及后续 发展方向？ 答：现阶段，公司新能源汽车业务主要是为国际客户提 供电池模组零部件、冷却系统零部件、充电端口零部件及高 压连接线组件等精密结构件、精密功能件和模组件。同时， 公司切入新能源汽车大功率无线充电系统领域，深度布局氢 燃料电池零部件业务，实现公司在新能源汽车领域的产品线 多元化。 投资者关系活动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 √现场参观 □其他 （网络及电话会议） 参与单位名称及人员 姓名 上海国科龙晖私募基金 姜俊峰 赢仕投资 李柯兵 上海证券 葛博威 中颐财会 逢尹菁 中国电子商会 ...

Core Viewpoint - Kosen Technology's stock has experienced a decline of 2.07% on November 20, with a current price of 11.82 CNY per share and a total market capitalization of 6.559 billion CNY. The company has seen a year-to-date stock price increase of 51.54% but has faced recent declines over various trading periods [1]. Company Overview - Kosen Technology, established on December 1, 2010, and listed on February 9, 2017, is located in Kunshan, Jiangsu Province. The company specializes in precision manufacturing processes such as die casting, forging, stamping, CNC machining, laser cutting, laser welding, MIM, and precision injection molding. It provides precision metal and plastic structural components for well-known clients like Apple, Amazon, Google, and Medtronic across various sectors including consumer electronics, medical devices, automotive (including new energy vehicles), LCD panels, and e-cigarettes [2]. - The revenue composition of Kosen Technology includes 76.75% from consumer electronic components, 10.58% from new energy-storage business, 8.10% from medical surgical instrument components, 3.33% from other precision metal components, and 1.23% from other sources [2]. - The company is categorized under the electronic industry, specifically in consumer electronics and components, and is associated with concepts such as foldable screens, hinges, medical devices, robotics, and virtual reality [2]. Financial Performance - For the period from January to September 2025, Kosen Technology reported a revenue of 2.453 billion CNY, reflecting a year-on-year decrease of 6.45%. The net profit attributable to the parent company was -115 million CNY, showing a year-on-year increase of 50.94% [2]. - Since its A-share listing, Kosen Technology has distributed a total of 283 million CNY in dividends, with 71.68 million CNY distributed over the past three years [3]. Market Activity - Kosen Technology has appeared on the trading leaderboard 20 times this year, with the most recent occurrence on September 22, where it recorded a net purchase of 131 million CNY. The total buying amounted to 356 million CNY, accounting for 17.40% of total trading volume, while total selling reached 225 million CNY, representing 11.01% of total trading volume [1].

Core Insights - Apple is facing a significant leadership transition as CEO Tim Cook, aged 64, is expected to step down by 2026 after a 15-year tenure, during which the company's market value surged from $350 billion to over $4 trillion [3][4] - The new CEO will face the urgent challenge of addressing Apple's lag in the AI sector, particularly with the delayed upgrades to Siri and the lack of competitive AI applications [5][25] Leadership Transition - Tim Cook's departure raises questions about who will succeed him at the helm of the tech giant [3][4] - John Ternus, Senior Vice President of Hardware Engineering, is widely considered the frontrunner for the CEO position due to his extensive experience in product design and engineering [7][9] - Other potential candidates include Craig Federighi, Senior Vice President of Software Engineering, known for his efficiency and management style, and Deirdre O'Brien, who has a deep understanding of Apple's culture but lacks technical experience [11][19][20] AI Challenges - Apple is perceived as falling behind in the AI race, with significant delays in the rollout of AI features for Siri and other products [5][25][26] - Internal issues, including a high failure rate in testing new AI functionalities and the need for a complete overhaul of Siri's architecture, have compounded these challenges [28][29] - The departure of key AI executives has further slowed Apple's progress in AI development [31] Product Development and Innovation - Apple's Vision Pro headset has underperformed in the market, with sales falling short of expectations since its launch [32] - The company is also working on a foldable iPhone, with plans for a 2026 release, but production challenges have led to potential delays [34][35] - The new leadership will need to navigate a complex landscape of innovation and operational efficiency, as Apple has expanded significantly under Cook's leadership [36][37]

Core Viewpoint - The stock of Tianma Microelectronics Co., Ltd. (深天马A) has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 22.34 billion yuan. The company has shown a modest year-to-date stock price increase of 0.66% but has faced declines over various short-term periods [1]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 26.66 billion yuan, reflecting a year-on-year growth of 11.03%. The net profit attributable to shareholders was 313 million yuan, marking a significant increase of 166.25% compared to the previous year [2]. Shareholder Information - As of November 10, 2025, the number of shareholders for 深天马A reached 72,700, an increase of 1.08% from the previous period. The average number of circulating shares per shareholder decreased by 1.07% to 33,805 shares [2]. Dividend Distribution - Since its listing, 深天马A has cumulatively distributed dividends amounting to 1.43 billion yuan. However, there have been no dividend distributions in the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 110 million shares, which is an increase of 55 million shares from the previous period [3].

Core Viewpoint - Apple is facing a critical leadership transition as CEO Tim Cook is expected to step down by 2026, and the new leader must address the company's lag in AI development while maintaining operational stability [4][5][6]. Group 1: Leadership Transition - Tim Cook has led Apple for 15 years, increasing its market value from $350 billion to over $4 trillion, but he leaves behind challenges in AI [5][6][26]. - The successor is likely to be an internal candidate, with John Ternus, Senior Vice President of Hardware Engineering, being a strong contender due to his extensive experience in product design [8][9][11]. - Other potential candidates include Craig Federighi, Senior Vice President of Software Engineering, who has a strong track record in software development, and Deirdre O'Brien, who has deep knowledge of Apple's culture but lacks technical experience [13][20][21]. Group 2: AI Development Challenges - Apple is perceived as lagging in AI, with delays in upgrading Siri and a lack of competitive AI applications compared to rivals like ChatGPT [6][30][31]. - The new CEO will need to prioritize AI advancements while ensuring smooth business operations, a task that is complex and challenging [7][30]. - Internal issues, such as high turnover in AI leadership and technical difficulties in integrating new AI features into existing systems, have further complicated Apple's AI development efforts [35][34]. Group 3: Product Innovation and Market Position - Apple's Vision Pro headset has underperformed in the market, with sales falling short of expectations, capturing only 5% of the VR and MR headset market [36][38]. - The company is also working on a foldable iPhone, with plans for a 2026 release, but production challenges and delays have emerged, potentially pushing the launch to 2027 [38][39]. - The new leadership will need to navigate a more complex product landscape and foster innovation, as the company has become more conservative under Cook's tenure [40][41]. Group 4: Financial Position - Apple has a substantial cash reserve of $132 billion and net cash of $34 billion, which provides a significant opportunity for strategic investments and planning for future growth [41].

11月18日，蓝思科技盘中下跌2.02%，截至14:12，报26.68元/股，成交10.98亿元，换手率0.82%，总市 值1409.86亿元。 资金流向方面，主力资金净流出1.67亿元，特大单买入5740.05万元，占比5.23%，卖出1.14亿元，占比 10.40%；大单买入2.33亿元，占比21.24%，卖出3.43亿元，占比31.24%。 蓝思科技所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：全面屏、快充 概念、汽车零部件、折叠屏、虚拟现实等。 截至9月30日，蓝思科技股东户数15.99万，较上期增加8.17%；人均流通股31070股，较上期减少 7.52%。2025年1月-9月，蓝思科技实现营业收入536.63亿元，同比增长16.08%；归母净利润28.43亿元， 同比增长19.91%。 分红方面，蓝思科技A股上市后累计派现99.93亿元。近三年，累计派现49.80亿元。 机构持仓方面，截止2025年9月30日，蓝思科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1.29亿股，相比上期增加1559.22万股。易方达创业板ETF（159915）位居第六大流通 ...

截至9月30日，科森科技股东户数9.43万，较上期增加27.57%；人均流通股5884股，较上期减少 21.61%。2025年1月-9月，科森科技实现营业收入24.53亿元，同比减少6.45%；归母净利润-1.15亿元， 同比增长50.94%。 分红方面，科森科技A股上市后累计派现2.83亿元。近三年，累计派现7168.05万元。 责任编辑：小浪快报 今年以来科森科技已经20次登上龙虎榜，最近一次登上龙虎榜为9月22日，当日龙虎榜净买入1.31亿 元；买入总计3.56亿元 ，占总成交额比17.40%；卖出总计2.25亿元 ，占总成交额比11.01%。 资料显示，昆山科森科技股份有限公司位于江苏省昆山开发区新星南路155号，成立日期2010年12月1 日，上市日期2017年2月9日，公司主营业务涉及精密压铸、锻压、冲压、CNC、激光切割、激光焊 接、MIM、精密注塑等制造工艺、技术为基础,以精密模具设计、生产为支撑,为苹果、亚马逊、谷歌、 美敦力等国际、国内知名客户提供消费电子、医疗器械、汽车(含新能源汽车)、液晶面板、电子烟等终 端产品所需精密金属、塑胶结构件产品的研发、制造以及部分工艺服务。主营业务收入构成 ...