中证报中证网讯(记者杨洁)1月28日晚，瀛通通讯（002861）披露2025年度业绩预告。受行业环境等因 素影响，其业绩面临阶段性挑战，预计全年归母净利润亏损，亏损范围在6500万元至7500万元之间。 公告中，瀛通通讯指出本次业绩承压的原因是多方面的。一方面，公司为加强品牌建设、提升品牌知名 度、拓展新产品销售渠道，加大了市场投入及团队组建，销售费用相应增长。同时，随着部分在建工程 转为固定资产，折旧费用相应增加，导致管理费用较上年度有所增长。另一方面，受限于规模效应，虽 然公司收入规模有所增长，但整体体量仍然偏小，导致规模效应尚未充分显现，单位收入分摊的固定成 本仍较高，进而对本期利润表现产生了影响。 消费电子行业人士表示，上述投入整体上利于长期发展，且瀛通通讯业绩承压也有行业市场竞争激烈的 因素。未来，随着消费电子行业市场逐渐回暖、AI硬件赛道规模化普及和产业链协同创新效应持续释 放，瀛通通讯有望凭借战略布局持续落地、技术创新不断突破以及新兴市场逐步拓展来突破发展瓶颈。 资料显示，瀛通通讯专注于声学产品及精密零组件、电源与数据传输产品的研发、生产与销售，产品广 泛应用于消费电子、汽车、健康、医疗、安防等 ...

Core Insights - The event "Guanghuo Hang Tianxia" in Huaqiangbei, Shenzhen, showcased over 400 consumer electronics products, with more than 80% featuring AI capabilities, aiming to enhance the Guangdong brand and promote sales domestically and internationally [1][4]. Group 1: Event Overview - The event attracted a daily foot traffic of 750,000 people, featuring 50 leading consumer electronics brands including Huawei, Honor, and OPPO, showcasing their latest products [2]. - The Huawei Mate Pad Edge, a two-in-one device with Harmony OS 5.1, received significant attention for its innovative detachable screen design, allowing seamless transitions between tablet and computer modes [2]. Group 2: AI Integration in Products - AI-related products dominated the exhibition, with around 80% of the showcased items incorporating AI features, catering to various consumer needs across different age groups [3]. - Shenzhen Dejiazhou Electronics presented a range of practical AI products, including AI glasses and translation devices, with their AI smart glasses priced at 380 yuan, significantly lower than similar international products [3]. Group 3: Market Impact and Consumer Trends - The event increased overall foot traffic in Huaqiangbei by approximately 100,000 visitors, a 15% year-on-year growth, indicating a strong consumer interest in tech products as modern gifts [4]. - The exhibition allowed manufacturers to gain insights into market demands, particularly the emphasis on practical AI functionalities, which will inform future product development [4]. Group 4: International Engagement - Huaqiangbei serves as a key destination for international buyers, with over 7,000 foreign merchants visiting daily and shipping over 10 billion packages annually to 183 countries [5]. - The area is enhancing its infrastructure to support international commerce, including multi-currency exchange points and multilingual services, to facilitate smoother transactions for foreign customers [6]. Group 5: Future Development Plans - Huaqiangbei aims to transition from "China's Electronic First Street" to a "Global Digital Consumption Destination" by hosting various promotional events and integrating online and offline sales channels [6].

Core Insights - Google is set to hold a special event titled "The Android Show: XR Edition" to showcase software updates and hardware ecosystem for the Android XR platform, including various XR products like glasses and headsets [1] - The consumer electronics sector is experiencing a surge in AI-driven products, with notable sales figures such as Alibaba's AI glasses generating over 800 million yuan in 48 hours and Huawei's AI emotional companion product selling out quickly [1] - The China Securities Consumer Electronics Theme Index (931494) has seen a strong increase of 2.91%, with significant gains in component stocks like Lianxun Precision (up 9.99%) and Dongshan Precision (up 8.83%) [1] Industry Performance - The China Securities Consumer Electronics Theme Index tracks 50 companies involved in component production and design, reflecting the overall performance of the consumer electronics sector [2] - As of November 28, 2025, the top ten weighted stocks in the index account for 56.39% of the total index weight, with Lianxun Precision holding the highest weight at 9.34% [2] - The Consumer Electronics ETF (561600) has shown a 2.83% increase, marking a potential three-day rally [1][2] Stock Performance - Key stocks in the consumer electronics index have shown varied performance, with notable increases in stocks like Huagong Technology (up 6.81%) and Weilan Lithium Energy (up 4.86%) [2] - The trading volume for the Consumer Electronics ETF reached 34.05 million yuan, with a turnover rate of 7.43% [1]

Group 1 - The article highlights the rising popularity of AI-powered consumer electronics, particularly the "AI Labubu" plush toy and the Looki L1 wearable AI camera, indicating a trend towards integrating AI capabilities into traditional consumer products [1] - The AI-driven transformation is expected to expand the consumer electronics sector beyond traditional devices like smartphones and computers, suggesting a long-term growth potential for the industry [1] - As of August 22, 2025, the CSI Consumer Electronics Theme Index (931494) saw a strong increase of 1.84%, with notable gains in stocks such as Cambrian (688256) up 9.12% and Chipone (688521) up 5.99% [1] Group 2 - The Consumer Electronics ETF (561600) experienced a significant increase in shares, growing by 43 million shares over the past week, ranking it among the top 1/5 of comparable funds [2] - The ETF has seen continuous net inflows over the past three days, with a peak single-day net inflow of 22.0042 million yuan, totaling 43.4768 million yuan, averaging 14.4923 million yuan per day [2] - As of July 31, 2025, the top ten weighted stocks in the CSI Consumer Electronics Theme Index accounted for 51.57% of the index, including companies like Luxshare Precision (002475) and SMIC (688981) [2]