Group 1 - The core viewpoint of the article is that 汇顶科技 (Goodix Technology) has successfully commercialized its multifunctional interactive sensors and audio products for branded smart glasses [1] - The company’s touch control chips and light sensors are also applicable to AI glasses, VR, AR, and MR devices [1]

Group 1 - The core viewpoint of the articles highlights the growth and innovation in the consumer electronics sector, particularly with the introduction of AI capabilities in devices like smartphones and smart glasses [1][2]. - The Zhongzheng Consumer Electronics Theme Index (931494) has shown a slight increase of 0.15%, with key stocks such as Shengbang Co., Ltd. (300661) and Beijing Junzheng (300223) experiencing notable gains [1]. - Apple plans to release its first smart glasses, Apple Glass, in 2026, which will feature a lightweight design and various functionalities, including health monitoring [1]. Group 2 - The global smartphone shipment volume increased by 3% year-on-year in Q3 2025, with market revenue rising by 5%, and the average selling price (ASP) reaching a record high of $351 [2]. - High-end smartphones (priced over $600) contributed over 60% of the total revenue, with more than 80% of these devices equipped with generative AI capabilities [2]. - The top ten weighted stocks in the Zhongzheng Consumer Electronics Theme Index account for 56.39% of the index, with companies like Luxshare Precision (002475) and Cambricon Technologies (688256) among the leaders [2].

格隆汇12月24日｜国盛证券研报指出，领益智造收购立敏达，卡位AI算力黄金赛道，开拓增长新引 擎。交易完成后，立敏达将纳入公司合并报表范围。本次收购的立敏达深耕企业级服务器热管理领域， 已发展成为以热管理产品为核心的服务器综合硬件解决方案提供商。公司持续深耕AI终端硬件相关产 品，电池、热管理、快充等业务在创新周期中获得新增量，同时人形机器人、AI眼镜、折叠机、服务 器等新业务卡位较好，将拉动中期新一轮成长，维持"买入"评级。 ...

Core Insights - The report emphasizes the importance of proactive infrastructure development by central enterprises to ensure the autonomy of industrial and supply chains [4] - It highlights significant advancements in quantum error correction research, moving closer to the industrialization of quantum computing [5] - The report notes the upcoming launch of new AI glasses by Alibaba's Quark, indicating a potential surge in the AI glasses market in 2026 [5] Industry Dynamics - The third Commercial Space Development Conference is set to take place, marking a critical period for commercial space initiatives, with related stocks such as Aerospace Science and Technology (000901) and Superjet Co., Ltd. (301005) being highlighted [5] - The report mentions that by 2030, the total installed capacity of solar thermal power generation is expected to reach around 15 million kilowatts, with electricity costs comparable to coal power [4] Company Focus - Ninebot (689009) plans to fully roll out a rapid charging network by 2026, with operations in East and South China [6] - Yinkang Life (300143) has launched a strategic product, transitioning from a medical group to an AI health solution provider [6] - Glonair Aviation (300900) has signed an industrial cooperation agreement with the Wenchang International Space City Management Bureau, focusing on commercial space launch services [6] Market Review and Outlook - On December 23, the market experienced a pullback after an initial rise, with the Shanghai Composite Index closing up 0.07% and the Shenzhen Component Index up 0.27% [7] - The report notes that global liquidity expectations have improved, and risk appetite has rebounded, leading to a recovery in global stock markets [7] - It suggests a focus on sectors such as precious metals, automotive, computing, media, and real estate, while recommending a preference for small-cap stocks and caution against high-priced large-cap stocks [8]

Core Viewpoint - Lingyi Zhi Zao's acquisition of Limin Da strengthens its server layout and drives comprehensive platform-based growth [1] Group 1: Company Strategy - Before the acquisition, the company had already initiated its server business through internal growth, achieving rapid penetration in power and liquid cooling businesses for key server clients [1] - The company has successfully positioned itself in emerging industries such as humanoid robots and AI glasses [1] Group 2: Technology and Product Development - In the humanoid robot sector, the company possesses core technologies in servo motors, reducers, drivers, and motion controllers, providing key clients with essential hardware solutions [1] - The company has established a "three-in-one" embodied intelligence strategy focusing on core component and assembly R&D, comprehensive hardware services, and complete industrial application scenario development for robots [1] Group 3: Market Position and Valuation - The company aims to become one of the top three global manufacturers of embodied intelligent hardware [1] - Current market valuations correspond to P/E ratios of 41.10, 29.79, and 24.12, maintaining a "buy" rating [1]

来源：新浪证券-红岸工作室 12月23日，星宸科技跌1.20%，成交额4.50亿元，换手率3.96%，总市值256.40亿元。 异动分析 AI眼镜+智能穿戴+福建自贸区+芯片概念+人工智能 1、2025年9月17日互动易：公司已有适用于AI眼镜的芯片，已出货至终端客户，也在与手机品牌、初 创潮牌、ODM、方案商等多类客户持续接洽与合作中。 今日主力净流入-4027.65万，占比0.09%，行业排名144/171，连续2日被主力资金减仓；所属行业主力净 流入-29.38亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-4027.65万3631.93万7657.58万1584.39万7454.18万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额2.24亿，占总成交额的8.21%。 2、2024年4月11日互动易：南京起跑线穿戴电子科技有限公司的卫星导航S10芯片特点主要是超低功 耗，主要应用于智能穿戴领域。 2024年半年度报告：本集团以现金参股方式投资了南京起跑线穿戴电 子科技有限公司，出资额为人民币 10,000,000.00 元，持股比例为 4%。 3、公司 ...

编者按：今年以来，在以习近平同志为核心的党中央坚强领导下，省委、省政府坚决贯彻落实中央各项决策部署，完整准确全面贯彻新发展理念，全省上下 锐意进取、攻坚克难，全省经济运行总体平稳、承压前行、质效向好。为充分展示今年以来湖南经济高质量发展亮点，本报今起推出年终经济系列观察，敬 请关注。 湖南日报全媒体记者 曹娴 彭可心 岁末年尾，三湘大地烟火气升腾。湘菜出圈，产业链年产值突破6000亿元，在全国菜系中的市场份额已接近两成；国潮狂欢，2025湖南文化旅游产业博览会 成为企业"首秀、首展、首发"的舞台，"动漫迷"排队抢购联名文创产品；"湘超"从场上火到场下，直接和间接带动的关联消费总额突破360亿元…… 扩大内需是战略之举。2024年12月举行的中央经济工作会议，将"大力提振消费、提高投资效益，全方位扩大国内需求"列为今年九大重点任务之首。省委十 二届八次全会提出，"在全方位扩大内需上精准施策，全力以赴提振消费"。 内需的活力与潜力，从一碗菜、一场展、一个赛事中可窥见一二。顶压前行的这一年，湖南将全方位扩大内需、稳住增长基本盘作为重中之重，抢抓国家加 力实施"两重""两新"等重大政策机遇，全力推动经济持续提质向好。 ...

Core Insights - The article highlights the launch of the world's first AI health glasses by Chasing Technology, focusing on health monitoring features such as 24-hour heart rate, blood oxygen, and body temperature tracking [1] Industry Trends - The AI glasses market is transitioning from "concept hype" to "practical validation," with major companies entering the space [1] - Sales of AI glasses are increasing, with the Quark AI Glasses S1 topping sales charts on major e-commerce platforms on its release day, and the ideal AI glasses Livis selling over 30,000 units within 3 hours of pre-sale [1] - Data from Tmall indicates that the transaction volume for smart glasses during this year's Double 11 shopping festival increased by 2500% year-on-year [1] Future Outlook - According to Open Source Securities, 2025 is expected to be the "year of AI glasses," with rapid growth anticipated in 2026 [1]

早 报 精 选 2、商务部：对原产于欧盟的进口相关乳制品实施临时反补贴措施。 3、国际金银续创新高，COMEX黄金期货、COMEX白银期货均涨超2%。 4、中金所：减半收取2026年股指期货和国债期货交割手续费、股指期权行权手续费。 5、万科A：2022年度第四期中期票据存续期内的本息兑付日之宽限期延长至30个交易日。 宏 观 新 闻 1、 12月22日，中共中央政治局常委、国务院总理李强主持召开国务院"十五五"规划《纲要草案》编制工作领导小组会议，深入研 究《纲要草案》编制工作。李强指出，要进一步明确任务举措，围绕"十五五"规划建议明确的战略任务做好细化实化工作，使规划内 容更加贴近发展需要。谋划一批带动全局的重大工程、重大项目、重大载体。 2、昨日下午，十四届全国人大常委会第十九次会议听取国务院关于2024年度中央预算执行和其他财政收支审计查出问题整改情况的 报告。报告显示，截至2025年9月底，2024年度审计工作报告要求立行立改的2186个问题中，98%已完成整改；要求分阶段整改 的1299个、持续整改的753个问题，制定了时间表和路线图。有关地方、部门和单位共整改问题金额1.04万亿元，制定完善制度 ...

来源：新浪证券-红岸工作室 12月22日，星宸科技涨2.07%，成交额8.14亿元，换手率6.96%，总市值259.52亿元。 异动分析 AI眼镜+智能穿戴+福建自贸区+芯片概念+人工智能 1、2025年9月17日互动易：公司已有适用于AI眼镜的芯片，已出货至终端客户，也在与手机品牌、初 创潮牌、ODM、方案商等多类客户持续接洽与合作中。 2、2024年4月11日互动易：南京起跑线穿戴电子科技有限公司的卫星导航S10芯片特点主要是超低功 耗，主要应用于智能穿戴领域。 2024年半年度报告：本集团以现金参股方式投资了南京起跑线穿戴电 子科技有限公司，出资额为人民币 10,000,000.00 元，持股比例为 4%。 3、公司办公地址处于福建省厦门市同安区后詹路1号16层 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-2036.17万，占比0.03%，行业排名149/171，该股当前无连续增减仓现象，主力趋势不 明显；所属行业主力净流入24.55亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-2036.17万 ...