TCL 电子 20260626 摘要 TCL 电子在中国彩电存量市场中通过消费升级（Mini LED 渗透率提升、 尺寸增大）和竞争格局改善实现超预期业绩，2024 和 2025 年均价提 升显著，并制定了高增长股权激励目标。 618 期间 TCL 主品牌零售量、价、额均跑赢行业，销量增长超 30%， 零售额增长超 40%，均价中高个位数提升，Mini LED 销量增长 150%，全年 Mini LED 渗透率目标为 20-25%。 北美市场 TCL 电子实现量价齐升，零售量同比增长 8%-9%，均价提升 5%，零售额增长超 10%，Best Buy 渠道收入占比提升至 30%以上， 坚持中高端战略。 Mini LED 技术是 TCL 的核心优势，2024 年全球市场占有率达 28%- 29%，稳居第一，通过成本下降和中高端产品策略提升盈利能力，预计 2025 年国内渗透率达 20%-25%。 面板价格预计温和上涨，供给端竞争固化利好头部品牌，TCL 能够更好 地传导价格变化，提高盈利能力。预计 2025 年电视销量同比增长 10%，海外市场双位数增长。 Q&A TCL 电子在 2025 年消费股表现出色的原 ...

Mini LED 电视市场渗透率虽较低，但预计 2024 年全球出货量将达 1,200 万至 1,500 万台，公司正积极争取进入小米电视供应链，有望提 升 Mini LED 芯片业务收入。 公司 Mini LED 领域采取"两条腿走路"策略，包括背光和直显应用， 并率先提出 AM 驱动方式，尽管背光市场开拓落后，但直显领域仍具信 心，技术路线选择或影响未来市场表现。 1. 北京新能：专注于 Mini LED 显示驱动 IC，采用 AM 主动方式技术路线， 产品线涵盖背光和直显。背光产品主要应用于光电子领域，如 Mini LED 电视和部分显示器；直显产品则用于户外和半户外的 LED 大屏，例如演 唱会、指挥中心及大型赛事。 2. G2Touch（韩国公司）：主要从事芯片设计，拥有两条产品线。一是 LCD 触控 IC，主要应用于触摸笔记本；二是 OLED 触控 IC，主要应用 于车载领域。目前，OLED 触控 IC 正与法拉利合作，预计将应用于其某 款车型，该车型计划于 2025 年 7 月左右量产上市。 探路者 20250625 摘要 探路者 2024 年芯片业务收入约 2.22 亿元，占总收入不到 20% ...

Swiss crypto custodian, Taurus, is rolling out a zero-knowledge proof privacy layer for stablecoins, starting with @circle's $USDC. By @ianallison123.https://t.co/kdSBFmC1P8 ...

Aeries Technology (AERT) Delivers High-Performing Global Capability Center for Leading U.S. Healthcare Fintech PlatformTransition of custom-built India GCC reflects operational excellence, AI-enabled execution, and long-term value creation for client now assuming full ownershipJune 26, 2025 9:50 AM EDT | Source: Aeries Technology, Inc.New York, New York--(Newsfile Corp. - June 26, 2025) - Aeries Technology, Inc. (NASDAQ: AERT) ("Aeries" or the "Company"), a global leader in AI-enabled value cr ...

McCormick & Company (MKC) Q2 2025 Earnings Call June 26, 2025 08:00 AM ET Company Participants Faten Freiha - VP - IRBrendan Foley - Chairman, President & CEOMarcos Gabriel - EVP & CFOAndrew Lazar - Managing DirectorPeter Galbo - Director - Equity ResearchRobert Moskow - Managing Director Max Gumport - Director - Equity ResearchScott Marks - Equity Research (Consumer)Bryan Adams - Director Conference Call Participants Alexia Howard - Research AnalystSteve Powers - Equity Research Analyst Faten Freiha Good m ...

晶丰明源688368 时间: 2025年6月26日星期四 42.61分综合得分 偏弱 趋势方向 主力成本分析 85.69 元 当日主力成本 85.58 元 5日主力成本 87.00 元 20日主力成本 94.32 元 60日主力成本 周期内涨跌停 过去一年内该股 涨停 4次 跌停 0 次 北向资金数据 持股量92.49万股 占流通比1.05% 昨日净买入-0.90万股 昨日增仓比-0.01% 5日增仓比-0.064% 20日增仓比-0.247% 技术面分析 87.37 短期压力位 84.06 短期支撑位 中期压力位 84.06 中期支撑位 目前短线趋势不慎明朗，静待主力资金选择方向； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 暂无特殊形态 资金流数据 2025年06月26日的资金流向数据方面 主力资金净流出1948.90万元 占总成交额-20% 超大单净流出200.08万元 大单净流出1748.81万元 散户资金净流出227.79万 关联行业/概念板块 半导体 -1.17%、LED -0.32%、国产芯片 -0.47%、小米概念 -0.61%等 92.90 （以上内容为自选股写手差分机完成，仅作为 ...

Financial Supplement Second Quarter 2023 | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 15 | | Financial Information | | | Consolidated Balance Sheets | 17 | | Consolidated Statements of Operations | 18 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and AFFO | 19 | | Reconciliation of Net (Loss) Income to EBITDA, NAREIT EBITDAre, and Core EBITDA | 21 | | Acquisition, Cyber Incident and Other, net | 22 | | Debt Detai ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Fourth Quarter 2023 Financial Supplement Fourth Quarter 2023 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 15 | | Financial Information | | | Consolidated Balance Sheets | 17 | | Consolidated Statements of Operations | 18 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and AFFO | 19 | | Reconciliation of Net (Loss) Income to EBITDA, NAREIT EBITDAre, and Core ...

EARNINGS Financial Supplement Third Quarter 2024 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 14 | | Financial Information | | | Condensed Consolidated Balance Sheets | 16 | | Condensed Consolidated Statements of Operations | 17 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and Adjusted FFO | 18 | | Reconciliation of Net (Loss) Income to NAREIT EBITDAre and Core EBITDA | 20 | | Acquisition, Cybe ...

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 28.81 CNY, corresponding to a market capitalization of 6.425 billion CNY [5][38]. Core Insights - The company is expected to benefit significantly from the launch of Nintendo Switch 2, with a diversified layout in full-scene display modules and a strong technological reserve in Mini/Micro-LED [4][37]. - The company has successfully transitioned from a focus on mobile backlighting to mid-size products, enhancing its revenue structure with high-margin gaming and tablet products [2][29]. Company Overview - Shenzhen Nanjiguang Electronic Technology Co., Ltd. was established in 2009, focusing on the R&D, production, and sales of LED backlight products, with applications in smartphones, tablets, gaming, automotive displays, and medical devices [1][12]. - The company has a stable ownership structure, with the founders holding a combined 39.03% of shares, ensuring control and liquidity [1][14]. Business Transformation and Growth Engines - The company is shifting from traditional mobile backlighting, which saw a revenue share drop from 91.15% in 2022 to lower levels due to declining LCD market share and increased competition [2][27]. - In 2024, the company became the exclusive supplier of backlight modules for the Nintendo Switch 2, meeting stringent technical requirements and driving a shift towards higher-margin products [2][29]. Financial Performance - The company faced a downturn from 2020 to 2023, with a net loss of 305.25 million CNY in 2023, but is projected to return to profitability in 2024 with a net profit of 20.63 million CNY [3][39]. - The gross margin is expected to improve significantly, rising from -3.47% in 2023 to 16.24% in 2024 and 26.97% in Q1 2025 [3][39]. Investment Recommendations - The company is anticipated to achieve net profits of 257 million CNY, 353 million CNY, and 457 million CNY from 2025 to 2027, benefiting from the anticipated sales of the Switch 2 exceeding expectations [4][38]. - The report highlights the potential for the company to expand its influence in the industry and attract high-end clients due to its successful collaboration with Nintendo [4][38].