Core Viewpoint - Company expects earnings per share for 2025 to be between 2.025 yuan and 2.3143 yuan, reflecting the impact of international trade fluctuations and domestic production challenges [1] Group 1: Performance Forecast - In 2025, the company's production and delivery were significantly affected in Q2 due to severe fluctuations in the international trade environment, although overseas capacity is expected to normalize later [2] - The company anticipates that its revenue will remain stable year-on-year, driven by new capacities in Vietnam and Thailand, as well as significant growth in new products, particularly electric tools [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 11.156 billion yuan, a year-on-year increase of 0.65%, and a net profit attributable to shareholders of 2.155 billion yuan, up 11.35% year-on-year [3] - The company’s gross profit margin stands at 33.08%, with investment income of 610 million yuan and financial expenses of -80.133 million yuan [3] Group 3: Future Outlook - The company has seen a year-on-year increase in new orders and plans to actively develop new businesses and products in 2026 to return to a reasonable growth range [2]

证券之星消息，巨星科技发布业绩预告，预计2025年全年归属净利润盈利24.19亿元至27.64亿元。 公告中解释本次业绩变动的原因为： 1、2025 年，受国际贸易环境剧烈波动影响，公司整体的生产和交付节奏在二季度受到明显影响，后续 海外产能恢复正常，但国内产能仍然受到了关税的负面影响；同时，额外的关税成本推高了行业的平均 售价，使得行业销量出现了显著下滑。公司积极应对，加快推动国际化步伐和产品创新力度，随着三季 度公司越南和泰国新产能的投放，以及公司新产品尤其是电动工具产品的显著增长，预计全年公司收入 同比基本持平。 2、2025 年，尽管人民币兑美元汇率对公司有一些负面影响，但公司较高的国际化水平和产品创新效率 大幅度降低了公司盈利能力对汇率的波动程度，同时，公司依靠跨境电商等直销业务和新产品销售的增 加有效提升了毛利率水平，预计归母净利润将有所增长。2025 年四季度美国 arrow 工厂搬迁预计产生 额外费用 1000 万美元，以及四季度由于汇率波动产生汇兑损失，影响了四季度的归母净利润。 3、近期，公司新接订单同比有所增长，2026 年，公司将积极布局新业务和新产品，争取重回合理的增 长区间。 巨星 ...

南财智讯1月5日电，巨星科技发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 241880.55万元—276434.91万元，同比预增5.00%—20.00%；预计2025年全年归属于上市公司股东的扣 除非经常性损益的净利润为230880.55万元—265434.91万元，同比预增0.20%—15.20%，1、2025年，受 国际贸易环境剧烈波动影响，公司整体的生产和交付节奏在二季度受到明显影响，后续海外产能恢复正 常，但国内产能仍然受到了关税的负面影响；同时，额外的关税成本推高了行业的平均售价，使得行业 销量出现了显著下滑。公司积极应对，加快推动国际化步伐和产品创新力度，随着三季度公司越南和泰 国新产能的投放，以及公司新产品尤其是电动工具产品的显著增长，预计全年公司收入同比基本持平。 2、2025年，尽管人民币兑美元汇率对公司有一些负面影响，但公司较高的国际化水平和产品创新效率 大幅度降低了公司盈利能力对汇率的波动程度，同时，公司依靠跨境电商等直销业务和新产品销售的增 加有效提升了毛利率水平，预计归母净利润将有所增长。2025年四季度美国arrow工厂搬迁预计产生额 外费用1000万美元，以 ...

2025年,随着消费电子行业进入以质量、体验与系统能力为核心的新阶段,绿联科技（301606）在多个专 业评选与行业场合中获得关注。围绕产品创新、技术研发及企业治理等维度,绿联在这一年间收获的多 项奖项与荣誉,呈现出其在品牌建设与综合能力提升方面的阶段性成果。 从公开的信息来看,这些荣誉并非单一成果的集中呈现,而是绿联科技长期投入在不同维度逐步积累的自 然体现。作为一家深耕消费电子领域多年的企业,绿联持续围绕用户真实使用场景推进产品布局,并通过 稳定的研发节奏与质量管理体系,为品牌发展构建起可持续的支撑结构。 在产品层面,绿联科技围绕传输、充电、音视频、存储及移动周边等核心品类持续迭代,并在近年逐步加 大对NAS私有云等新型产品方向的投入。通过软硬件协同、自研系统与场景化设计,绿联不断拓展产品 在家庭、创作及办公等场景中的适配能力,使产品功能与使用体验形成更紧密的结合。这种以实际需求 为导向的产品策略,为其在市场中的稳步发展奠定了基础。 技术能力的持续提升,同样离不开系统化的质量管理与研发机制支撑。公开信息显示,绿联科技在产品研 发阶段即引入多层验证与测试流程,并在生产与交付环节持续强化标准执行与过程管理。通 ...

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Suplay Inc. （「本公司」） （於開曼群島註冊成立的有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監 會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其所載資料並不完整，亦可能會作出重大變動。閣下閱覽本文件，即代 表閣下知悉、接納並向本公司、其保薦人、整體協調人、顧問或包銷團成員表示同意： 本公司招股章程根據香港法例第32章《公司（清盤及雜項條文）條例》呈交香港公司註冊處處長 登記前，本公司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約 或邀請，準投資者務請僅依據呈交香港公司註冊處處長登記的本公司招股章程作出投資決定； 有關文本將於發售期內向公眾刊發。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；投資者不應根 據本文件中的資料作出任何投資決定； ( ...

Core Viewpoint - Xiaomi's latest flagship phone, the Xiaomi 17 Ultra Leica Edition, features a significant collaboration with Leica, allowing the use of its iconic red logo for the first time on a product, which is a notable achievement compared to previous collaborations with other brands [1][3] Group 1: Product Features and Innovations - The Xiaomi 17 Ultra incorporates a "Master Zoom Ring," a mechanical structure that allows users to control zoom, exposure compensation, white balance, and focus speed, aiming to provide an experience similar to that of a digital camera [3][6] - The design of the Master Zoom Ring includes a precision mechanical transmission structure made of stainless steel and 20 high-strength ball bearings [14] Group 2: Quality Issues and Consumer Feedback - Following the launch, users reported issues with the Master Zoom Ring being loose, which affected the overall user experience and raised concerns about product quality [5][10] - Some users experienced noise from the zoom ring during operation, which could interfere with video recording, leading to dissatisfaction among consumers [7][9] - Xiaomi's response to the complaints was perceived as inadequate, merely attributing the issue to "reserved activity space" without addressing the underlying quality concerns [11][13] Group 3: Market Position and Competitive Analysis - The article discusses the paradox in the tech market where products with poor design can achieve high sales, while well-received innovations may not perform as expected in the market [21][24] - It highlights the importance of defining the next generation of interaction and product forms, suggesting that Xiaomi needs to focus on innovations that compel competitors to follow suit, similar to successful features in their automotive line [25][27]

中金主要观点如下： 运动鞋行业空间广阔、格局集中，裕元集团为运动鞋制造龙头，兼顾运动鞋服零售业务 据Euromonitor，2024年全球运动鞋规模1,677亿美元，预计未来5年保持中单位数增长。全球运动鞋品牌 份额集中，2025年CR10达57%，制鞋行业亦呈集中格局，裕元集团是全球最大的运动鞋制造商，该行 测算出货量份额超10%，附属公司宝胜国际是大中华区领先的运动鞋服零售商。2024年裕元集团收入/ 归母净利润分别为81.8/3.9亿美元，其中制造业务占收入/归母净利润的69%/89%，零售业务占收入/归母 净利润的31%/11%。 中金发布研报称，裕元集团(00551)是全球运动鞋制造龙头，同时布局大中华区运动鞋服零售业务，产 能出海走在前列，全球生产基地布局多元化。首次覆盖给予跑赢行业评级，目标价19.46港元，对应 2026年10.5倍P/E。 以开发能力绑定优质成长客户，产能领先全球化布局 公司中高端鞋款开发能力强，以此深度绑定前两大国际品牌Nike/adidas，并与Asics、New Balance、 Salomon、Arc'teryx等全球知名品牌长期合作，该行估计公司前5大客户占制造业务 ...

Core Viewpoint - Aishide (002416) is focusing on the health beverage sector with its own brands "Chaxiaokai," "Yuexiaokai," and "Qingqipai," which have collectively reached over 300,000 offline outlets [1] Group 1: Product and Market Strategy - The company has developed four product series: sugar-free tea, traditional health water, fruit and vegetable tea, and sparkling beverages, targeting health-conscious and younger consumers [1] - The beverage business is currently in a phase of continuous product innovation and channel expansion, achieving good market performance in the ready-to-drink tea category [1] Group 2: Future Development Plans - The company plans to leverage its own channels, supply chain, and digital capabilities to continuously enhance product competitiveness and brand strength [1] - A steady advancement of business development is anticipated as the company focuses on its strategic initiatives [1]

在寿险行业深度转型、迈向高质量发展的关键时期，创新是推动企业持续发展的核心动力。近日，在财 经网2025年金融业年度评选中，富德生命人寿凭借其在产品创新领域的持续探索，获评年度产品创新企 业。 通过构建客户多维度画像标签体系，富德生命人寿能够基于客户的基础属性、行为特征及风险偏好等实 现差异化精准定价，进行定制化产品开发。例如，对保障期满和缴费期满客户提供支持方案，同时研发 慢性病医疗产品，完善客户的保障需求；对于中高端客户，完成VIP客户专属产品市场研究，提供中高 端医疗产品。 此外，AI与大数据的应用已深入风险定价、智能核保、理赔管理、反欺诈监测及客户服务等环节，实 现了运营提效、风险防控与服务优化的协同提升。 富德生命人寿是一家全国性的专业寿险公司，成立于2002年，总部位于深圳，注册资本117.52亿元。紧 扣经济社会发展和人民群众保险需求变化，富德生命人寿围绕"教育、财富、健康、养老"四大领域持续 丰富产品供给，以保障全面、功能丰富、持续创新等产品优势诠释着"好产品，在富德"的内涵。 前瞻布局，多维应对利率风险 在低利率环境成为行业新常态的背景下，依靠高负债成本产品"挪储"的策略不可持续，保险公司需 ...

Group 1 - The total number of ETFs in the market reached 1,391, with a total scale exceeding 6 trillion yuan, marking historical highs in both quantity and scale [1] - Among all ETFs, stock ETFs account for 77.71% of the total number and 63.78% of the total scale, with 1,081 stock ETFs totaling 3.85 trillion yuan [1] - Passive index ETFs have become the market mainstream, with 1,208 such ETFs representing 86.84% of the total number and 5.06 trillion yuan, which is 83.91% of the total scale [1] Group 2 - Bond and commodity ETFs showed remarkable growth, with bond ETFs increasing from 173.91 billion yuan at the end of 2024 to 804.56 billion yuan, a growth rate of 362.62% [2] - Technology-themed ETFs are highly favored, with 134 ETFs containing "technology" or "innovation" in their names, totaling 1.05 trillion yuan, which is 17.41% of the total ETF scale [2] - The rapid growth of bond ETFs and innovative products like technology bond ETFs are key drivers of market expansion, alongside the popularity of commodity and cross-border ETFs [2] Group 3 - The "Matthew Effect" is increasingly evident among fund managers, with 16 leading institutions managing ETFs exceeding 100 billion yuan, collectively accounting for 89.55% of the total ETF scale [3] - The growth of the ETF market is supported by policy guidance, product innovation, and the influx of long-term capital, with new policies creating favorable conditions for rapid development [3] - The variety of ETFs covering multiple asset classes, including broad-based, thematic, bond, cross-border, and commodity ETFs, effectively meets investors' needs for capturing structural opportunities [3]