库克将在明年发布多款芯片 凤凰网科技讯北京时间12月29日，据科技网站9to5mac报道，2025年，苹果公司表现非凡，相继推出了 液态玻璃界面设计、iPhone Air、突破性新款iPhone17Pro系列，以及重大升级的Apple Silicon芯片。虽 然真正让人感到意外的产品发布并不多，但每一款都感觉焕然一新。 展望2026年，苹果还有大量创新产品即将上市，覆盖每一个产品线。以下是9to5mac汇总的苹果六大新 品： 首款折叠屏iPhone 继iPhone Air之后，苹果计划在仅仅12个月后再推出另一项重大iPhone创新：折叠屏手机iPhone Fold。 折叠版iPhone要来了 这将是自2021年以来，苹果首次对iPad mini进行重新设计。苹果还将升级iPad mini的显示技术，把 OLED屏幕引入这一产品线。OLED去年已率先在iPad Pro上亮相，而iPad mini有望成为第二款采用该显 示技术的iPad。 这款OLED版iPad mini还将拥有更强的防水性能，并搭载A19Pro芯片。 MacBook Pro迎来全新设计 据报道，自2021年以来，苹果将首次对MacBook P ...

Group 1 - iPhone faces dual competitive pressure in the Chinese market from domestic brands in terms of cost-effectiveness and high-end foldable screens, with market share dropping from 19.9% in Q1 2023 to 15.0% in Q2 2025 [1][16] - The high-end market is crucial for iPhone's market share growth, with an increasing proportion of Pro models surpassing standard models in sales [1][16] - Apple is expected to release a foldable iPhone in 2026, featuring advanced materials and optimized software for enhanced user experience [4][16] Group 2 - The foldable smartphone market has seen stable growth, with global shipments projected to rise from 12 million units in 2022 to 15.3 million units in 2024, reflecting a compound annual growth rate (CAGR) of 12.9% [6][17] - By 2027, foldable smartphone shipments are expected to reach 31.4 million units, with a CAGR of 43.7% from 2025 to 2027 [6][17] - Samsung dominates the global foldable smartphone market with a 51.2% share, while Huawei leads in the Chinese market with a 69.0% share [8][20] Group 3 - The core cost increase for foldable smartphones primarily lies in display modules, mechanical/electromechanical components, and memory, with significant cost increments observed in these areas [9][21] - The main suppliers for flexible OLED panels include both international and domestic companies, while the supply of flexible cover glass is dominated by a few key players [10][22] - A potential market analysis for Apple's foldable iPhone suggests optimistic sales of 14 million units in 2026, with a higher sales proportion expected due to its premium pricing strategy [11][25]

Investment Rating - The report gives an "Outperform the Market" rating for the company [5][40]. Core Insights - The company is a leader in touch display modules and is positioned to benefit from the growth in automotive electronics and the adoption of new technologies such as foldable screens [3][32]. - The company has a strong market presence, being the largest manufacturer of ITO conductive glass globally and holding a 50% market share in TFT LCD substrate thinning [1][7]. - The automotive electronics segment is highlighted as a key growth area, with the company providing integrated touch display modules for over 70% of global vehicle brands [2][32]. Summary by Sections Company Overview - Founded in 2000 and listed on the Shenzhen Stock Exchange in 2010, the company specializes in the research, production, and sales of key components for flat panel displays, including ITO conductive glass and touch sensors [1][7]. - The company has established itself as a significant player in the automotive touch display market, with a comprehensive product range that includes 3D curved automotive cover plates and display modules [2][3]. Financial Projections - The company is expected to achieve revenues of 88.89 billion, 110.58 billion, and 119.43 billion CNY for the years 2023, 2024, and 2025 respectively, with year-on-year growth rates of 27.2%, 24.4%, and 8.0% [4][35]. - Net profit projections for 2025, 2026, and 2027 are 3.92 billion, 5.17 billion, and 7.12 billion CNY, reflecting growth rates of 10.0%, 31.8%, and 37.6% [3][35]. Valuation - The report estimates a reasonable valuation range for the company's stock between 6.95 and 7.37 CNY, indicating a potential upside of 17.42% to 24.54% from the current price of 6.07 CNY [5][40]. - The valuation is based on a relative valuation method, comparing the company to similar firms in the industry [38][40]. Market Position and Competitive Advantage - The company is the only supplier in mainland China certified for thinning business by a major North American client, which enhances its competitive edge [1][2]. - The company has a robust client base, including major brands like Huawei, OPPO, and VIVO, which positions it well for future growth in high-end markets [1][2].

2025年，伴随海内外巨头对AI（人工智能）大幅投入，AI硬件方向获得资金的大幅追捧，带动电子行 业股价大幅上涨。在电子行业中，消费电子的股价表现有些落后，且估值相比电子行业其他板块相对偏 低。 《每日经济新闻》记者注意到，随着谷歌推出Gemini3（新一代大型语言模型）、豆包推出手机AI助手 技术预览版等，AI终端预期提升，AI手机、AI眼镜等消费电子终端产品将成为互联网公司流量入口的 必争之地。 谷歌还与中国企业XREAL合作开发AR眼镜产品Project Aura，该产品将是全球首款搭载Android XR平台 以及Gemini AI的消费级AR眼镜产品，预计将在2026年正式面向市场。XREAL是连续4年稳居全球AR市 场份额榜首的企业，Project Aura将是谷歌AI生态的关键落地产品。 展望2026年，消费电子行业将迎来产品创新周期、行业复苏、终端产品涨价等多重驱动，产业链估值有 望提升。 大厂将陆续推出新品 在AI赋能下，消费电子正迎来一轮创新周期，包括AI手机、AI眼镜、AI音箱、AI玩具等。此外，折叠 屏手机也有望向主流靠近。 以智能手机为例，方正证券指出，复盘全球智能手机出货量历史，2 ...

Core Viewpoint - Dongmu Co., Ltd. has experienced significant stock price fluctuations and growth in revenue and profit, indicating a strong performance in the market despite recent declines in stock price [1][2]. Group 1: Stock Performance - On December 25, Dongmu's stock price fell by 2.00% to 29.86 CNY per share, with a trading volume of 1.07 billion CNY and a turnover rate of 0.58%, resulting in a total market capitalization of 188.53 billion CNY [1]. - Year-to-date, Dongmu's stock price has increased by 88.15%, with a 0.71% rise over the last five trading days, a 9.86% increase over the last 20 days, and an 8.57% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Dongmu achieved a revenue of 4.417 billion CNY, representing a year-on-year growth of 22.32%, and a net profit attributable to shareholders of 415 million CNY, reflecting a 50.10% increase compared to the previous year [2]. - Since its A-share listing, Dongmu has distributed a total of 1.56 billion CNY in dividends, with 370 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Dongmu had 57,000 shareholders, an increase of 56.29% from the previous period, with an average of 10,812 circulating shares per shareholder, down by 36.02% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 31.2923 million shares, an increase of 3.6932 million shares from the previous period [3].

资料显示，山西太钢不锈钢股份有限公司位于山西省太原市尖草坪区尖草坪街2号，成立日期1998年6月 11日，上市日期1998年10月21日，公司主营业务涉及不锈钢及其它钢材、钢坯、钢锭、黑色金属、铁合 金、金属制品的生产、销售;钢铁生产所需原辅材料的国内贸易和进出口等业务。主营业务收入构成 为：不锈钢材68.83%，普通钢材24.73%，普碳钢坯4.04%，风水电气等其他商品2.01%，其他(补 充)0.39%。 太钢不锈所属申万行业为：钢铁-特钢Ⅱ-特钢Ⅲ。所属概念板块包括：航天军工、折叠屏、复兴号、传 感器、富士康概念等。 12月25日，太钢不锈盘中下跌2.17%，截至09:35，报4.97元/股，成交7188.45万元，换手率0.25%，总市 值283.10亿元。 资金流向方面，主力资金净流出856.10万元，特大单买入181.85万元，占比2.53%，卖出463.51万元，占 比6.45%；大单买入1051.82万元，占比14.63%，卖出1626.26万元，占比22.62%。 太钢不锈今年以来股价涨42.82%，近5个交易日涨2.90%，近20日涨25.19%，近60日涨29.09%。 分红方面，太钢 ...

随着消费电子进入创新深水区，折叠屏凭借形态突破成为高端市场增长引擎，带动产业链核心材料与零 部件需求持续扩容。宜安科技作为全球液态金属产业化领军企业，凭借独家技术壁垒与深度绑定头部终 端的供应链优势，成为折叠屏概念股中极具稀缺性的核心标的。 宜安科技的核心竞争力源于对液态金属（非晶合金）技术的长期深耕。作为全球少数实现锆基非晶合金 规模化量产的企业，其产品具备强度≥1200MPa、公差控制±0.02mm、超薄壁0.3mm压铸的极致性能， 可承受30万次以上折叠循环，完美匹配折叠屏铰链对高精度、高耐用性的严苛要求。公司构建了从材料 配方、母合金熔炼到精密成型的全制程能力，拥有200余项核心专利，主导行业标准制定，建成国内最 大规模非晶合金生产线，良率稳定在95%以上，形成难以复制的技术护城河。 在供应链布局上，宜安科技已实现全球高端折叠屏品牌的深度覆盖。公司通过子公司逸昊金属成为华为 三折叠屏手机铰链独家供应商，为Mate X5、OPPO Find N3等旗舰机型提供核心结构件，折痕深度控制 在10μm以内，满足IP68级防水要求，2024年液态金属铰链出货量超1000万个，占据全球高端市场60% 以上份额。 ...

12月24日，太钢不锈盘中上涨2.01%，截至10:14，报5.08元/股，成交2.53亿元，换手率0.90%，总市值 289.37亿元。 分红方面，太钢不锈A股上市后累计派现125.70亿元。近三年，累计派现1.43亿元。 机构持仓方面，截止2025年9月30日，太钢不锈十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1.07亿股，相比上期增加5063.49万股。南方中证500ETF（510500）位居第五大流通股 东，持股3322.81万股，相比上期减少63.04万股。国泰中证钢铁ETF（515210）位居第六大流通股东， 持股2290.30万股，相比上期增加1441.29万股。天弘中证500指数增强A（001556）退出十大流通股东之 列。 责任编辑：小浪快报 资料显示，山西太钢不锈钢股份有限公司位于山西省太原市尖草坪区尖草坪街2号，成立日期1998年6月 11日，上市日期1998年10月21日，公司主营业务涉及不锈钢及其它钢材、钢坯、钢锭、黑色金属、铁合 金、金属制品的生产、销售;钢铁生产所需原辅材料的国内贸易和进出口等业务。主营业务收入构成 为：不锈钢材68.83%，普通钢材24.73 ...

Group 1 - The core viewpoint of the news is that Woge Optoelectronics has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in recent trading days [1][2]. - As of December 24, Woge Optoelectronics' stock price increased by 2.22% to 32.68 CNY per share, with a market capitalization of 7.342 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 29.43%, but a recent decline of 4.05% over the last five trading days [1]. Group 2 - For the period from January to September 2025, Woge Optoelectronics achieved a revenue of 1.9 billion CNY, representing a year-on-year growth of 15.66%, while the net profit attributable to shareholders was -66.9427 million CNY, a decrease of 35.45% year-on-year [2]. - The company has distributed a total of 118 million CNY in dividends since its A-share listing, with 21.3646 million CNY distributed over the past three years [3]. - As of September 30, 2025, Woge Optoelectronics had 23,100 shareholders, an increase of 10.46% from the previous period, with an average of 9,729 circulating shares per shareholder, a decrease of 9.46% [2][3].

12月23日，沃格光电盘中下跌2.03%，截至11:18，报31.92元/股，成交1.77亿元，换手率2.43%，总市值 71.71亿元。 资金流向方面，主力资金净流入429.62万元，大单买入2911.80万元，占比16.43%，卖出2482.18万元， 占比14.00%。 沃格光电今年以来股价涨26.42%，近5个交易日跌7.13%，近20日涨13.88%，近60日跌6.64%。 资料显示，江西沃格光电集团股份有限公司位于江西省新余高新技术产业开发区西城大道沃格工业园， 成立日期2009年12月14日，上市日期2018年4月17日，公司主营业务涉及FPD光电玻璃精加工业务。主 营业务收入构成为：光电显示器件51.83%，光电玻璃精加工29.63%，其他18.44%，其他(补充)0.10%。 沃格光电所属申万行业为：电子-光学光电子-面板。所属概念板块包括：商业航天（航天航空）、光刻 机、折叠屏、CPO概念、5G等。 截至12月10日，沃格光电股东户数2.31万，较上期增加10.46%；人均流通股9729股，较上期减少 9.46%。2025年1月-9月，沃格光电实现营业收入19.00亿元，同比增长15.66 ...