Core Viewpoint - Recent rumors regarding the company have been clarified, stating that core business operations are proceeding as planned without any abnormal situations affecting normal operations [4][12]. Business Operations - The company focuses on high-end consumer electronics and smart terminal sectors, possessing vertical integration capabilities across multiple component categories, mature product engineering, and mass production experience [9]. - The company has established a global production layout that provides stable, flexible, and high-quality manufacturing and supply support to various clients, validated by long-term industry chain cooperation [9]. Automotive Sector - The automotive segment emphasizes core components such as wiring harnesses and connectors, while expanding into system-level products like smart cockpits, assisted driving, smart chassis, and power systems [2]. - A recent acquisition of German company Leoni has been completed to deepen global production capacity and enhance collaboration with major global automotive brands, aiming to enter the top ten global automotive parts suppliers [2]. Financial Performance - As of December 31, 2025, the company's stock price was 56.71 yuan per share, with a total market capitalization of 413.2 billion yuan [4][12].

立讯精密表示，对于任何捏造事实、散布谣言、恶意损害公司声誉的行为，公司将依法保留追究相关法 律责任的权利。 公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的垂直整合能力、成熟的产品工程与量 产经验，以及覆盖多区域的全球化产能布局，能够为不同类型客户提供稳定、灵活且高品质的制造与供 应支持。相关能力与布局亦已获得产业链长期验证。 在通讯算力领域，公司布局电连接、光连接、热管理和电源管理四大产品线，以技术为导向，应用一 代、开发一代、预研一代，结合强大的可落地性解决方案，目前与全球头部客户业务合作如预期进展。 汽车板块业务聚焦线束、连接器等核心零件，并向智能座舱/辅助自动驾驶、智能底盘及动力系统等系 统级产品拓展，近期完成对德国莱尼的并购，进一步深化全球化产能布局，推进与全球品牌车企的合 作，进军全球汽车零部件前十的行列。 北京商报讯1月3日晚间，立讯精密（002475）通过微信公众号发布澄清说明表示，近日，市场上出现涉 及公司的不实传闻，相关内容对市场认知造成干扰。公司目前公司核心业务推进有序，按计划正常开 展，不存在影响公司正常经营与发展的异常情况。 （文章来源：北京商报） ...

Core Viewpoint - The company, Luxshare Precision (002475), has issued a clarification regarding recent false rumors that have disrupted market perception, asserting that its core business operations are proceeding as planned without any abnormal situations affecting normal operations [1][2]. Group 1: Business Operations - The company emphasizes that its core business is progressing smoothly and as scheduled, with no impact on normal operations and development [2]. - Luxshare Precision has a strong focus on high-end consumer electronics and smart terminal sectors, showcasing vertical integration capabilities across multiple component categories and a mature product engineering and mass production experience [2]. - The company has established a global production capacity layout that supports stable, flexible, and high-quality manufacturing and supply for various clients, validated by long-term industry chain cooperation [2]. Group 2: Product Lines and Market Position - In the communications computing sector, the company is advancing in four product lines: electrical connections, optical connections, thermal management, and power management, with ongoing collaborations with leading global clients [2]. - The automotive segment focuses on core components such as wiring harnesses and connectors, expanding into system-level products for smart cockpits, assisted driving, smart chassis, and power systems, including a recent acquisition of Germany's Leoni to enhance global production capacity [2]. - The company aims to rank among the top ten global automotive parts suppliers through its partnerships with major automotive brands [2]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 220.915 billion yuan, representing a year-on-year growth of 24.69%, and a net profit attributable to shareholders of 11.518 billion yuan, with a year-on-year increase of 26.92% [6]. - The company's stock price experienced a decline of 2.34% on the last trading day before the holiday, closing at 56.71 yuan per share, with a total market capitalization of 413.2 billion yuan [4]. - Throughout 2025, the company's stock price has risen nearly 40%, reaching a peak of 72.2 yuan per share, setting a new historical record [4].

关于近期不实传闻的澄清说明 近日，市场上出现涉及本公司的不实传闻，相关内容对市场认知造成干扰。 本公司特此郑重说明： 目前公司核心业务推进有序，按计划正常开展，不存在影响公司正常经营 与发展的异常情况。 本公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的垂直整合能力、成熟的产品 工程与量产经验，以及覆盖多区域的全球化产能布局，能够为不同类型客户提供稳定、灵活且高 品质的制造与供应支持。相关能力与布局亦已获得产业链长期验证。 来源：立讯精密微信公众号 1月3日， "果链龙头"企业 立讯精密（002475）官方公众号发布澄清说明。立讯精密表示， 近日，市 场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。 公司特此郑重说明： 目前公司核心业 务推进有序，按计划正常开展，不存在影响公司正常经营与发展的异常情况。 立讯精密强调，公司将持续专注主业，以稳健经营和长期价值创造回馈客户、投资者及社会各 界。同时，对于任何捏造事实、散布谣言、恶意损害公司声誉的行为，公司将依法保留追究相关 法律责任的权利。 以下为全文： 本公司将持续专注主业，以稳健经营和长期价值创造回馈客户、投资者及社会各界。 同时，对于任何 ...

瑞财经 吴文婷12月28日，据媒体报道，追觅科技创始人兼CEO俞浩在公司内部讲话，宣布今年春节每 位员工额外奖励1克黄金。 相关截图显示，追觅科技某平台全员群共有18539名群成员。如果参照这一数据，按周六福、周生生等 门店目前金饰克价1400元计算，追觅给全体员工发放1克黄金，大约需要花费2600万元。 图片来源：大河报 另外，俞浩还在朋友圈高调宣布另一个超级福利：奖励10名员工专属南极游，让核心骨干在新春之际开 启独一无二的极地探索之旅，用稀缺体验致敬优秀贡献。 公开资料显示，追觅科技创立于2017年，是一家以高速数字马达、智能算法、运动控制技术为核心的全 球高端消费电子及智能制造公司。 2017年成立以来，追觅在智能生活家电领域持续深耕和创新，推出了扫地机器人、无线吸尘器、智能洗 地机、高速吹风机四大品类。 值得一提的是，今年以来，追觅科技动作频频。8月28日，追觅官宣正式进军汽车制造领域，目标是打 造世界上速度最快的车。 随后9月10日，追觅科技宣布成立天文BU，聚焦智能天文光学系统，首款智能天文望远镜产品或将采用 超大口径设计。 紧接着9月19日，追觅宣布即将推出首款智能手机Dreame Space ...

世运电路（603920.SH）12月11日在投资者互动平台表示，目前，珠海世运二期产线的HDI柔性电路板 和HDI软硬结合板已批量交付。随着5G、AIoT、新能源汽车和高端消费电子的快速发展，对组件集成 度、轻薄化要求持续提高，产品前景良好。公司总部在HDI硬板积累的先进技术经验，已成功应用于珠 海世运的研发与生产中。这种技术同源性确保了公司能够快速掌握高端工艺，并迅速响应市场对高附加 值产品的需求。 （记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：请问珠海世运的二期产线的HDI柔性电路板和HDI软硬 结合板的产品研发生产进度怎么样？这类产品前景如何？贵公司在HDI硬板积累的先进技术经验对HDI 柔性电路板和软硬结合板的研发生产是否有用呢？ ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - The company reported a revenue of 550 million yuan for the first three quarters of 2025, representing a year-on-year increase of 5.0%. However, the net profit attributable to shareholders was 25 million yuan, down 64.7% year-on-year [2][6] - In Q3 2025, the company achieved a revenue of 210 million yuan, which is a 1.2% increase year-on-year and a 5.9% increase quarter-on-quarter. The net profit for the quarter was 13 million yuan, down 57.8% year-on-year but up 52.0% quarter-on-quarter [2][6] - The company is a leading domestic high-end 3C coating manufacturer and is actively expanding into the automotive coating market, benefiting from the rapid development of new energy vehicles [6][12] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 550 million yuan, with a net profit of 25 million yuan and a net profit excluding non-recurring items of 22 million yuan [2][6] - In Q3 2025, the company reported a revenue of 210 million yuan, with a net profit of 13 million yuan and a net profit excluding non-recurring items of 12 million yuan [2][6] Market Position and Strategy - The company focuses on high-end consumer electronics and passenger vehicles, providing a range of coating solutions through innovative R&D and flexible manufacturing [6][12] - In Q3 2025, the company generated 150 million yuan in revenue from the high-end consumer electronics sector, while the automotive sector contributed 50 million yuan, marking a 56.0% year-on-year increase [6][12] Future Outlook - The company is expected to continue expanding its market presence in the automotive coating sector, with projected net profits of 40 million yuan, 100 million yuan, and 180 million yuan for 2025, 2026, and 2027 respectively [6][12]

Core Viewpoint - The founder of ZhiMi Technology, Yu Hao, announced plans for multiple IPOs of its business units globally starting from the end of next year, indicating a significant growth trajectory for the company [1] Group 1: Company Overview - ZhiMi Technology focuses on high-speed digital motors, intelligent algorithms, and motion control technology, and has launched four main product categories: robotic vacuum cleaners, cordless vacuum cleaners, smart floor washers, and high-speed hair dryers [1] - The company has reported that its revenue for the first half of 2025 will far exceed the total revenue for the entire year of 2024 [1] - ZhiMi's products are available in over 100 countries and regions, with more than 6,000 physical retail stores, serving over 30 million households [1] Group 2: Automotive Expansion - ZhiMi Technology has attracted industry attention with its announcement to enter the automotive sector, planning to launch its first ultra-luxury electric vehicle to compete with the Bugatti Veyron, expected to debut in 2027 [1] - The company has had plans for automotive development since 2013 and aims to leverage China's established electric vehicle supply chain for research and manufacturing, targeting the global high-end market [1] - ZhiMi is committed to long-term investment in the automotive field, having assembled a research and production team of nearly 1,000 people, with plans for further expansion [1] - On September 8, Yu Hao and his team visited Germany for factory site selection, with plans to collaborate with BNP Paribas to build a factory in Germany [1]

Core Viewpoint - The company is experiencing significant growth in the passenger vehicle sector, driven by the rapid development of the new energy vehicle market in China, which presents substantial opportunities for domestic alternatives in the automotive coatings market [2][3]. Group 1: Passenger Vehicle Sector - The new energy vehicle market in China saw production and sales of 8.232 million and 8.22 million units respectively from January to July 2025, marking year-on-year growth of 39.2% and 38.5%, with new energy vehicles accounting for 45% of total new car sales [2]. - The company's passenger vehicle business achieved a year-on-year growth of 109.60% in the first half of 2025, establishing it as a crucial "second growth curve" for the company [2]. - The company is implementing a strategy of "full product range layout + full lifecycle service," covering all scenarios from new vehicle production to maintenance [2]. Group 2: Competitive Strategies - The company is focusing on differentiated competition strategies, particularly in the passenger vehicle parts coating market, emphasizing customization and higher functional requirements for new energy vehicles [3]. - The company is expanding its partnerships with leading manufacturers and component suppliers, moving from single-point supply to deep collaboration, participating in the development and supply of mainstream vehicle models [3]. - The company is actively developing core raw materials such as resins and color pastes for original factory paints and aftermarket repair paints, enhancing product performance and cost control [3]. Group 3: High-End Consumer Electronics - The company is deepening cooperation with downstream clients to expand business value, focusing on high-quality, personalized, and intelligent products in the high-end consumer electronics sector [4]. - The company is leveraging its technological innovations to penetrate the market, with its proprietary techniques being applied in products from major clients like Honor and Xiaomi [5]. - The company is targeting the emerging wearable device market, particularly smart glasses, to capture early advantages and diversify its growth trajectory [6]. Group 4: Ink Business - The ink business has become a key driver of the company's revenue growth, with a 107.15% year-on-year increase in revenue for the first half of 2025 [8]. - The company has developed UV insulation inks that are gaining traction among new energy vehicle manufacturers and battery producers, with successful mass supply to end customers [8]. - The company has established a diverse product matrix in the ink sector, with several innovative products achieving stable mass production across various applications [8]. Group 5: Financial Performance - The company's main revenue for the first half of 2025 was 348 million yuan, a year-on-year increase of 7.48%, while net profit attributable to shareholders decreased by 69.84% to 12.2795 million yuan [9]. - The second quarter of 2025 saw a main revenue of 194 million yuan, a 3.35% increase year-on-year, but net profit dropped by 70.4% to 8.4744 million yuan [9]. - The company's debt ratio stands at 23.09%, with a gross profit margin of 42.63% [9].

Core Viewpoint - Zhongjing Electronics (002579) reported a significant turnaround in its financial performance for the first half of 2025, driven by demand recovery in artificial intelligence, automotive electronics, and high-end consumer electronics markets [1] Financial Performance - The company achieved an operating revenue of approximately 1.618 billion yuan, representing a year-on-year increase of 21.29% [1] - The net profit attributable to shareholders was approximately 18.29 million yuan, marking a return to profitability compared to a loss of 12 million yuan in the same period last year [1] - Basic earnings per share were 0.0299 yuan, a recovery from -0.12 yuan in the previous year [1] Market and Product Development - The growth in performance was supported by the gradual release of high-end production capacity from the new factory in Zhuhai, with a product upgrade towards high-end HDI boards and high-layer count (HLC) PCBs [1] - The company is actively expanding its customer base in emerging fields such as AI servers and AI glasses, transitioning from an ODM model to direct supply to end customers, which contributed to a 45.75% year-on-year increase in overseas sales revenue [1] Research and Development - In the first half of the year, the company invested a total of 84.88 million yuan in R&D, reflecting a year-on-year increase of 14.77% [1] - The focus of R&D efforts includes the development of 800G optical modules and 6G high-frequency technologies, among 24 key projects aimed at product upgrades [1]