证券日报网讯立讯精密（002475）11月26日发布公告，在公司回答调研者提问时表示，关于NPO技术路 线，公司认为它只是众多技术路线中的一种，并且从公司个人的技术观点来看，NPO最不可能成为大量 应用的主流技术路线。它可能仅作为CPO(Co-packagedOptics)的一个过渡版本，在少量实验性场景中使 用。公司坚信CPO才是未来主流的场景。即使NPO能够实现量产，其在全场景中的应用比例也不会超过 10%。公司团队一直与湾区的AI算力客户(CSP)技术专家进行密切的交叉学习和验证，以确保公司在整 个技术路线判断上不出现偏差。公司对团队在市场发展趋势判断上的客观性非常有信心。 ...

（文章来源：证券日报） 证券日报网讯立讯精密11月26日发布公告，在公司回答调研者提问时表示，公司始终致力于市场分析， 优先选择价值最高、资源匹配度最佳的客户，并深知任何新产品都需要经历严谨的验证过程。对于产 能，公司从未有过担忧。在新的业务领域，公司一定会根据实际需求匹配相应的资源。 ...

Core Insights - The company, Luxshare Precision, has outlined three primary collaboration models that enhance its competitive edge in the electrical connection sector [1] Group 1: Collaboration Models - The first model involves early-stage collaboration with overseas chip manufacturers, such as Broadcom and Marvell, where the company's design solutions are integrated with chip prototypes for joint debugging and simulation [1] - The second model highlights the company's strong performance record with major overseas clients, positioning it as a critical partner for urgent solutions when these clients face challenges [1] - The third model focuses on proactive technological advancements, such as microchannel cooling and diamond-copper technology, which the company began developing over two years ago, positioning it as a key supplier in a niche market [1]

Core Viewpoint - Lixun Precision announced its focus on AI hardware infrastructure, particularly in core components and modules for computing power [1] Group 1: AI Hardware Focus - The company is primarily concentrating on the infrastructure aspect of AI hardware, especially the core components and modules related to computing power [1] - Lixun Precision will also provide complete cabinets equipped with interconnectivity, power supply, and thermal management environments, allowing clients to match their own computing and network nodes [1] Group 2: Profit Margin Strategy - The company aims to achieve better profit margins on AI-related products [1] - There is a clear direction for the ongoing development of related business in the AI sector [1]

人民财讯11月26日电，工业富联（601138）11月26日公告，鉴于公司股票价格上涨造成回购股份价格上 限低于公司二级市场股价，为了保障本次回购股份方案的顺利实施，公司将回购股份价格上限调整为不 超过人民币75元/股。本次除调整回购股份价格上限外，公司以集中竞价交易方式回购公司股份的其他 事项均无变化。调整前回购价格上限：不超过19.36元/股。 ...

Core Viewpoint - Industrial Fulian has announced an adjustment to its share repurchase plan, raising the maximum repurchase price to 75 yuan per share, reflecting confidence in the company's future development and value recognition [1] Group 1: Share Repurchase Plan - The company has spent 147 million yuan to repurchase 7.6974 million shares to date [1] - The adjustment in the repurchase price is due to the company's stock price consistently exceeding the original repurchase price limit [1] - Over the past three years, the company has invested nearly 1.7 billion yuan in share repurchases, with a notable 200-300 million yuan cancellation repurchase plan launched in July 2024 [1] Group 2: Dividend Distribution - The company has proposed a cash dividend plan of 6.55 billion yuan for the first half of 2025, which has been approved by the shareholders' meeting [1] - To date, the company has completed seven cash dividend distributions, totaling 56.54 billion yuan, maintaining its position as the top dividend payer in the A-share electronics industry [1]

Core Viewpoint - Industrial Fulian (SH 601138) announced a board meeting on November 26, 2025, to discuss the adjustment of the share repurchase price limit [1] Company Summary - For the year 2024, Industrial Fulian's revenue composition is as follows: Cloud service equipment accounts for 52.43%, communication network equipment for 47.26%, industrial internet for 0.15%, and other businesses for 0.15% [1] - As of the report, Industrial Fulian's market capitalization is 1,170.2 billion yuan [1]

立讯精密11月26日大宗交易平台共发生2笔成交，合计成交量94.48万股，成交金额5442.04万元。成交价格均为57.60元。从参与大宗交易营业部来看，机构专用席位共出现在2笔成交的买方 进一步统计，近3个月内该股累计发生14笔大宗交易，合计成交金额为1.45亿元。 11月26日立讯精密大宗交易一览 证券时报•数据宝统计显示，立讯精密今日收盘价为57.60元，上涨3.41%，日换手率为2.19%，成交额为91.36亿元，全天主力资金净流入10.60亿元，近5日该股累计上涨1.50%，近5日资金 两融数据显示，该股最新融资余额为63.87亿元，近5日增加5568.70万元，增幅为0.88%。 机构评级来看，近5日共有1家机构给予该股评级，预计目标价最高的是华兴证券，11月26日华兴证券发布的研报预计公司目标价为68.05元。（数据宝） ...

Core Viewpoint - The stock performance of Industrial Fulian has been affected by rumors, but the company has clarified that its fourth-quarter operations are proceeding as planned, indicating strong customer demand and normal production and shipping processes [1][2]. Group 1: Stock Performance - On November 25, Industrial Fulian opened at 56.36 yuan, with a closing price of 56.61 yuan, reflecting a 1.2% increase despite earlier rumors [1]. - The stock experienced a significant drop from a peak of 83.88 yuan on October 30 to a low of 54.6 yuan by November 24, marking a nearly 30 yuan decline in less than a month [2]. - The stock's dynamic price-to-earnings (PE) ratio exceeded 40 times, raising concerns about its valuation in relation to its traditional hardware manufacturing business [2][3]. Group 2: Market Reactions and Investor Sentiment - The rumors regarding a downward adjustment of fourth-quarter performance and changes in major client business models led to a sharp decline in stock price, causing panic among investors [1]. - The rapid increase in stock price, which rose nearly 200% in a short period, created a large number of profit-taking opportunities, making the stock vulnerable to any negative news [2]. - Emotional trading behaviors, such as panic selling or hasty bottom-fishing, are considered dangerous in the current downtrend of both Industrial Fulian's stock and the broader market [4]. Group 3: Company Fundamentals - Despite being labeled as a leader in AI servers, Industrial Fulian's core business remains in precision manufacturing and assembly, which typically has lower profit margins [3]. - The recent stock price adjustments are seen as a necessary correction to align with the company's fundamentals and market conditions [3].

Group 1 - The company, Jinbaize, stated on November 26 that there is currently no direct business cooperation with Foxconn Group [1] - Jinbaize has established a joint venture, Hangzhou Baifu Internet of Things Technology Co., Ltd., with Hon Hai Precision Industry Co., Ltd. (Foxconn's subsidiary), where Jinbaize holds a 70% stake [1] - The main business of the joint venture focuses on integrated product manufacturing (IPM) and the development of science and technology services [1]