盈趣科技也很突出，一直专心做智能硬件制造。它不仅参股了摩尔线程，和华为合作也很重要。它给华为新能源车厂提供了好多核心配件，在智能家居与工 业控制赛道的制造能力很强。 智慧城市和云服务领域也有亮点企业，浙大网新就是代表。它是摩尔线程在浙江省的总代理，负责多项业务的分销和推进，包括服务器和边缘计算。它和华 为在信创与鸿蒙生态合作方面关系很重要，对推动产业升级和国产化替代作用不小。科华数据在数据中心及清洁能源解决方案领域很厉害，它和摩尔线程、 贵安新区一起建了智算中心。这个合作让它和摩尔线程在算力资源上联系更紧密，也给华为在相关领域的协同发展提供了重要支持。 新兴显示与元器件领域也有很多创新的企业。翰博高新在车载显示和Mini - LED背光模组方面技术好，把产品布局在摩尔线程适配和华为生态终端的需求 里，能满足好几个应用场景。麦捷科技在电子元器件领域发展得稳，给摩尔线程提供关键磁性器件，融入了算力服务器供应链，给华为提供基站电源和其他 核心元件，产品有多元协同能力。 从这些企业在智能科技和行业生态协作里的表现能看出，它们各有独特竞争力，在热门赛道上深耕，还推动产业链自主化、智能化发展。 这些年，科技发展得很快，产 ...

（编辑 袁冠琳） 证券日报网讯 实益达9月15日在互动平台回答投资者提问时表示，公司主要业务为智能硬件制造业务及 智能终端产品业务；其中智能硬件制造业务主要系公司为品牌商提供工业级设备及新能源相关产品的工 程测试、制造、供应链管理等系列服务，主要产品为：半导体封装测试设备部件及相关产品、新能源领 域相关产品及其他产品，具体业务情况请查阅公司的定期报告。 ...

（文章来源：证券日报） 证券日报网讯实益达9月15日在互动平台回答投资者提问时表示，公司主要业务为智能硬件制造业务及 智能终端产品业务，公司具体业务内容详见公司披露的定期报告。 ...

Core Viewpoint - The company has optimized its production layout by shifting more orders to its Vietnam production base, which has led to a high capacity utilization rate in the first half of the year, thereby mitigating geopolitical risks to its overall business [1] Group 1: Production and Capacity - The capacity utilization rate at the Vietnam production base has remained high in the first half of the year [1] - The company has actively transferred more orders to the Vietnam facility, maximizing the value of overseas capacity [1] Group 2: Cost and Trade Policy - The cost gap between the Vietnam factory and domestic factories is gradually narrowing [1] - The Vietnam factory plays a positive role in terms of tariffs, allowing the company to respond more flexibly to trade policies in certain regions and reducing the impact of tariff factors on the company [1]

Core Viewpoint - The company has established a strong position in the AI glasses sector, benefiting from early investments and long-term strategic partnerships with leading global clients [1] Group 1: Business Growth - The company's AIoT business experienced a year-on-year growth of 45%, primarily driven by the rapid expansion of AI glasses [1] - The company is expanding its collaboration with global top-tier clients in various categories, including AI glasses charging cases, indicating a broadening of its partnership scope [1] Group 2: Market Expansion - The company is also actively pursuing domestic clients, having recently secured a mass production project for AI glasses with a leading domestic internet client [1] - In addition to top-tier domestic and international clients, the company is continuously advancing its outreach to other potential customers [1] Group 3: Future Outlook - The company plans to strengthen its product research and development capabilities as well as manufacturing processes in the AI glasses field, positioning this segment as a crucial support for future growth [1]

Group 1 - The core point of the article is that Longqi Technology (SH 603341) announced a planned share reduction by its major shareholders, which may impact the stock's performance in the near term [1] - Suzhou Industrial Park Shunwei Technology Venture Capital Partnership holds approximately 19.19 million shares, accounting for 4.09% of the total share capital of Longqi Technology [1] - Tianjin Jinmi Investment Partnership holds approximately 23.22 million shares, representing 4.95% of the total share capital [1] - Both Suzhou Shunwei and Tianjin Jinmi are under the control of the same actual controller, collectively holding about 42.41 million shares, which is 9.04% of the total share capital [1] - Suzhou Shunwei plans to reduce its holdings by up to 19.19 million shares within three months, which will not exceed 4.09% of the total share capital [1] Group 2 - For the first half of 2025, Longqi Technology's revenue composition is as follows: 70.44% from smartphone products, 16.68% from AIoT products, 9.55% from tablet computers, and 3.33% from other businesses [1] - As of the report date, Longqi Technology has a market capitalization of 21.6 billion yuan [1]

Core Insights - The article highlights the remarkable transformation of the company from a small team focused on mobile phone motherboards to a global smart hardware platform valued at hundreds of billions, serving over 100 countries [1][2] - The company's strategic evolution is marked by three significant transitions, each accompanied by challenges, yet reinforcing its position in the global smart hardware market [5][8] Group 1: Strategic Evolution - The first strategic leap occurred when the company transitioned from Independent Design House (IDH) to Original Design Manufacturer (ODM) around 2005, achieving profitability in its first full year [5][7] - The second leap involved expanding from single-category to multi-category ODM, including entry into the tablet and laptop markets, despite initial losses in the laptop segment [7][8] - The third leap is the evolution into a "3+N+3" global smart product platform, enhancing customer and product ecosystems [8][12] Group 2: Core Competencies - The company has developed a robust ODMM (Operational Efficiency, Research and Design, Advanced Manufacturing, Precision Components) capability matrix, essential for its transition from a contract manufacturer to a platform enterprise [9][10] - Continuous investment in R&D is evident, with a reported R&D expenditure of 2.96 billion yuan in the first half of 2025 and a workforce of over 16,000 R&D personnel [9][10] - The company emphasizes flexible production capabilities, utilizing modular production lines to adapt quickly to changing product demands [10][11] Group 3: Globalization and Future Outlook - The company has established a dual supply system with domestic manufacturing bases and overseas facilities in Vietnam, Mexico, and India, enhancing its resilience against external uncertainties [11][12] - Looking ahead, the company aims to leverage its accumulated capabilities to explore new growth areas such as automotive electronics, robotics, and software, with a projected revenue of over 20 billion yuan from data services in 2024 [12][13] - The company acknowledges the challenges of balancing growth and profitability while ensuring the successful incubation of new businesses in a complex global supply chain environment [12][13]

Core Insights - The article highlights the remarkable transformation of the company from a small mobile motherboard design team to a global smart hardware platform valued at over 100 billion yuan, serving more than 100 countries [1][2] - The company's strategic evolution is marked by three significant transitions, emphasizing a long-term commitment to innovation and market adaptation [2][4] Group 1: Strategic Evolution - The first strategic leap occurred when the company transitioned from Independent Design House (IDH) to Original Design Manufacturer (ODM) around 2005, achieving profitability in its first full year [2][3] - The second leap involved expanding from single-category to multi-category ODM, including entry into the tablet and laptop markets, despite facing initial losses in the laptop segment [3][4] - The third leap is the evolution into a "3+N+3" global smart product platform, enhancing customer and product ecosystems [4][7] Group 2: Core Competencies - The company has developed a robust ODMM (Operational Efficiency, Design R&D, Advanced Manufacturing, Precision Components) capability matrix, which serves as the foundation for its transition from a contract manufacturer to a platform enterprise [5][6] - Continuous investment in R&D is evident, with 2.96 billion yuan allocated in the first half of 2025 and a workforce of over 16,000 R&D personnel, accounting for nearly 30% of total employees [5][6] - The company has enhanced its precision component production capabilities through acquisitions, improving its overall design and manufacturing efficiency [6] Group 3: Future Growth and Challenges - The company aims to leverage its past 20 years of experience to explore new growth areas, particularly in automotive electronics, robotics, and software, as part of its "3+N+3" strategy [7][8] - The data business is projected to exceed 20 billion yuan in revenue by 2024, marking it as a new core business [7][8] - The company acknowledges the challenges ahead, including balancing growth with profitability and ensuring the successful incubation of new businesses in a complex global supply chain environment [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 839.39 billion yuan, a year-on-year growth of 113.06%, and net profit attributable to shareholders at 18.89 billion yuan, up 46.30% year-on-year [4][5] - The company's diversified product strategy, referred to as "3+N+3", has led to strong performance across various business lines, contributing to robust growth [5] Summary by Relevant Sections Financial Performance - In Q2 2025, the company achieved revenue of 489.42 billion yuan, a year-on-year increase of 111.24% and a quarter-on-quarter increase of 39.84% [4] - The net profit for Q2 2025 was 10.47 billion yuan, reflecting a year-on-year growth of 52.70% and a quarter-on-quarter growth of 24.35% [4] Business Segments - The smart terminal business generated revenue of 268.02 billion yuan in the first half of 2025, growing 116.44% year-on-year, with a strong performance in smart wearable products [5] - The high-performance computing segment saw revenue of 506.29 billion yuan, an increase of 128.22% year-on-year, with a comprehensive product offering in personal computers [6] - The AIoT business reported revenue of 33.15 billion yuan, up 79.89% year-on-year, driven by new smart hardware products [7] - The automotive electronics segment achieved revenue of 10.40 billion yuan, growing 62.49% year-on-year, with successful breakthroughs in various product modules [8] Profit Forecast - The company is projected to achieve net profits of 39.3 billion yuan, 46.5 billion yuan, and 54.0 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 3.87 yuan, 4.57 yuan, and 5.32 yuan [9]

Core Viewpoint - Tongda Hongtai (02363) anticipates significant revenue growth and a turnaround from loss to profit for the six months ending June 30, 2025, primarily driven by new business initiatives and improved operational efficiency [1] Financial Performance - The company expects revenue of approximately HKD 50.206 million for the current period, compared to HKD 21.181 million in the same period of 2024, indicating a substantial increase [1] - Anticipated net profit for the current period is around HKD 5.204 million, a significant recovery from a net loss of HKD 23.674 million in 2024 [1] Business Strategy - The increase in revenue is mainly attributed to the launch of a new business involving robot vacuum cleaner shells, which has led to a rise in sales orders [1] - The expected turnaround from loss to profit is due to proactive optimization of business strategies and improved resource utilization to control costs, resulting in an overall improvement in gross profit margin [1] Other Factors - Reduction in impairment of properties, plants, and equipment has contributed positively to the financial outlook [1] - The appreciation of the Renminbi during the period is expected to lead to increased foreign exchange gains [1]