Core Viewpoint - The acquisition plan by GoerTek, a major player in the Apple supply chain, to acquire Mia Precision Technology and Changhong Industrial for HKD 10.4 billion has been officially terminated due to the inability to reach consensus on key terms between the parties involved [2][4][5]. Summary by Sections Acquisition Termination - GoerTek announced on October 17 that it would terminate the acquisition of 100% equity in Mia Precision Technology and Changhong Industrial, which was initially announced on July 23 [2][4]. - The termination was attributed to the failure of both parties to agree on critical transaction terms, leading to a decision to protect the interests of the company and its shareholders [4][5]. Financial Impact - Following the announcement of the acquisition termination, GoerTek's stock price fell by 5.08% on October 17 and further declined by 2.53% on October 20 [2]. - The termination of the acquisition is expected to delay GoerTek's efforts to enhance its scale and profitability in the precision components sector [2]. Historical Context - GoerTek faced significant challenges in the past, including a nearly 60% drop in net profit in 2022 after losing a major order from Apple due to production issues [2][7]. - The company has been striving to recover from this setback, with its net profit rebounding by 144.93% in 2022, although it still faces fluctuations in performance [7][9]. Business Strategy - GoerTek has been focusing on a customer-oriented strategy, with its top five clients accounting for 88.57% of total sales in 2024 [8]. - The company aims to diversify its revenue streams, particularly in the precision components business, which has shown growth potential despite being the smallest segment [11][12]. Future Prospects - The precision components business, which includes products like micro speakers and optical devices, is seen as a potential growth engine for GoerTek [12][13]. - Despite recent setbacks, GoerTek continues to invest in expanding its capabilities in the XR (extended reality) sector, collaborating with major companies to develop new technologies [14].

Group 1 - Major fruit chain companies such as Foxconn, Lens Technology, and Luxshare Precision are actively recruiting workers due to the upcoming iPhone 17 release [1] - Applicants can start working on the same day they apply, with no medical examination required if they pass the interview [1] - Hourly wages for fruit chain companies are significantly higher than those of other similar factories, with Lens Technology offering 37 yuan/hour and Bern Optical in Huizhou offering 33 yuan/hour, while non-fruit chain companies in Guangdong typically pay below 25 yuan/hour [1]

Core Viewpoint - Luxshare Precision, a key player in Apple's supply chain, is seeking to go public on the Hong Kong Stock Exchange, aiming to enhance its global presence and diversify its business despite facing challenges from high customer concentration and increasing debt levels [1][4][30]. Financial Performance - Luxshare Precision's revenue is projected to approach 270 billion yuan in 2024, with a net profit exceeding 14.5 billion yuan [1]. - The company has shown steady growth, with revenues of 214 billion yuan, 231.9 billion yuan, 268.8 billion yuan, and 61.8 billion yuan for the years 2022, 2023, 2024, and the first quarter of 2025, respectively [20]. - The net profits for the same periods were 10.5 billion yuan, 12.2 billion yuan, 14.6 billion yuan, and 3.4 billion yuan [20]. Customer Concentration - In 2024, 70.7% of Luxshare's revenue is expected to come from its largest customer, widely believed to be Apple [1][20]. - The company's dependency on a single client poses risks, as any significant changes in the client's business could adversely affect Luxshare's performance [21]. Diversification Efforts - To reduce reliance on Apple, Luxshare is actively pursuing diversification into automotive, communication, and medical sectors, with multiple acquisitions in recent years [2][23]. - The automotive electronics segment has seen revenue growth, increasing from 2.9% to 6.6% of total revenue from 2022 to 2025 [23]. Debt and Financial Health - As of March 2025, Luxshare has a short-term debt gap of 9.53 billion yuan, with total short-term debts amounting to 59.77 billion yuan [3][28]. - The company's asset-liability ratio has risen from 56.61% in 2023 to 62.91% in the first quarter of 2025, indicating increasing financial leverage [28]. IPO Plans - The funds raised from the IPO will be allocated to expanding production capacity, investing in technology R&D, and repaying bank loans [30].