大和证券发布报告指出，富士康（鸿海精密）有望通过提升AI服务器市场份额，巩固其在英伟达供应 链中的地位。分析师表示，在英伟达所有AI服务器制造商中，富士康的市场份额将逐步扩大，特别是 在第四季度GB300服务器开始大规模出货后。大和将富士康2025年及2026年NVL72服务器出货量预估分 别上调至1.24万台和2.21万台，这意味着该公司将占据英伟达AI服务器总产量的50%和48%。鉴于富士 康集成度持续提升且客户营运资金支出增加，该行对AI服务器营业利润率前景转向更加乐观。大和将 富士康目标价从235新台币上调至310新台币，该股今日收涨0.4%至252新台币。 ...

大和证券发布报告指出，富士康(鸿海精密)有望通过提升AI服务器市场份额，巩固其在英伟达供应链中 的地位。分析师表示，在英伟达所有AI服务器制造商中，富士康的市场份额将逐步扩大，特别是在第 四季度GB300服务器开始大规模出货后。大和将富士康2025年及2026年NVL72服务器出货量预估分别上 调至1.24万台和2.21万台，这意味着该公司将占据英伟达AI服务器总产量的50%和48%。鉴于富士康集 成度持续提升且客户营运资金支出增加，该行对AI服务器营业利润率前景转向更加乐观。大和将富士 康目标价从235新台币上调至310新台币，该股今日收涨0.4%至252新台币。 ...

天眼查工商信息显示，近日，茂佳科技（广东）有限公司发生工商变更，注册资本由约2.4亿港元增至 20亿港元。该公司成立于2003年6月，法定代表人为梁铁民，经营范围包括研究、开发、生产、销售数 字电子类产品、通讯设备及相关配套的注塑零部件等。股东信息显示，该公司由TCL MOKA INTERNATIONAL LIMITED全资持股。 ...

Core Viewpoint - The report from Everbright Securities maintains the net profit forecast for Hongteng Precision (06088) at $171 million for 2025, with upward revisions for 2026 and 2027 net profit forecasts by 23% and 29% to $297 million and $400 million respectively, driven by substantial progress in the high-speed interconnection sector and recognition from clients [1] Group 1: Financial Performance - In Q3 2025, the company achieved revenue of $1.324 billion, a year-on-year increase of 13%, and a net profit of $74 million, up 9% year-on-year, with a net profit margin of 5.62%, down 0.2 percentage points [1] - The increase in net profit is attributed to the higher contribution from AI server-related products, continuous optimization of production processes, and stable shipments of high-margin products [1] Group 2: Business Segment Performance - Revenue from the cloud data center and electric vehicle (EV) businesses grew significantly, while smartphone revenue declined; Q3 2025 revenues for smartphones, cloud data centers, computers and consumer electronics, EVs, and system terminal products were $210 million, $215 million, $221 million, $240 million, and $382 million respectively, with year-on-year changes of -20%, +34%, +0%, +116%, and +3% [2] - The company raised its revenue growth guidance for system terminal products for Q4 2025, while maintaining the full-year revenue growth guidance unchanged [2] Group 3: Growth Areas - The data center business saw a 34% year-on-year revenue increase in Q3 2025, driven by rising demand for AI server-related products; the company launched the industry's first 102.4Tbps CPO connector in September 2025 and showcased a full suite of AI solutions at the Open Compute Project global summit in October 2025 [3] - The company expects double-digit growth (year-on-year > +15%) for data center business revenue in Q4 2025 and for the full year [3] Group 4: Automotive Business - The automotive business revenue surged 116% year-on-year in Q3 2025, driven by the advancement of the One Mobility strategy and increased demand for data connectivity and high-power solutions in the automotive sector; the company launched the One Mobility brand and partnered with Al Bassami Transport Group to promote EV charger deployment [4] - The company anticipates double-digit growth (year-on-year > +15%) for automotive business revenue in Q4 2025 and for the full year [4] Group 5: System Terminal Products and Consumer Electronics - Revenue from system terminal products grew 3% year-on-year, exceeding guidance, due to a rebound in consumer demand; the company expects stable revenue for Q4 2025 (year-on-year -5% to +5%) [5] - Smartphone revenue declined 20% year-on-year in Q3 2025, primarily due to changes in product specifications, with guidance indicating a double-digit decline (over 15%) for Q4 2025 and the full year [5] - Revenue from computers and consumer electronics accounted for 16% of total revenue in Q3 2025, with guidance for Q4 2025 and the full year indicating stability (year-on-year -5% to +5%) [5]

Core Viewpoint - The report from Everbright Securities maintains a net profit forecast of $171 million for Hongteng Precision over the next 25 years, with upward revisions of 23% and 29% for 2026 and 2027 net profit estimates to $297 million and $400 million respectively, driven by growth in AI data centers and automotive cable demand, maintaining a "Buy" rating [1] Group 1: Financial Performance - In Q3 2025, the company achieved revenue of $1.324 billion, a year-on-year increase of 13%, and a net profit of $74 million, up 9% year-on-year, with a net profit margin of 5.62%, down 0.2 percentage points [2] - Revenue from the smartphone, cloud data center, computer and consumer electronics, electric vehicle, and system terminal products in Q3 2025 were $210 million, $215 million, $221 million, $240 million, and $382 million respectively, with year-on-year changes of -20%, +34%, +0%, +116%, and +3% [2] - The company has raised its revenue growth guidance for system terminal products for Q4 2025, while maintaining the full-year revenue growth guidance unchanged [2] Group 2: Business Segments - The data center business saw a 34% year-on-year revenue increase in Q3 2025, primarily due to rising demand for AI server-related products, with expectations of double-digit growth (over 15% year-on-year) for Q4 2025 and the full year [3] - The automotive business experienced a significant revenue increase of 116% year-on-year in Q3 2025, driven by the One Mobility strategy and increased demand for data connectivity and high-power solutions, with expectations of double-digit growth (over 15% year-on-year) for Q4 2025 and the full year [4] - Revenue from system terminal products grew by 3% year-on-year, exceeding guidance, driven by a rebound in consumer demand, with expectations of stable revenue (year-on-year change of -5% to +5%) for Q4 2025 [5]

截至9月30日，金百泽股东户数1.46万，较上期增加5.17%；人均流通股5394股，较上期减少4.91%。 2025年1月-9月，金百泽实现营业收入5.31亿元，同比增长6.43%；归母净利润703.01万元，同比减少 67.18%。 11月12日，金百泽涨0.07%，成交额6538.54万元。两融数据显示，当日金百泽获融资买入额386.37万 元，融资偿还471.37万元，融资净买入-85.00万元。截至11月12日，金百泽融资融券余额合计1.37亿 元。 融资方面，金百泽当日融资买入386.37万元。当前融资余额1.37亿元，占流通市值的4.67%，融资余额 低于近一年40%分位水平，处于较低位。 融券方面，金百泽11月12日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，深圳市金百泽电子科技股份有限公司位于广东省深圳市福田区梅林中康路新一代产业园1栋 15楼，成立日期1997年5月28日，上市日期2021年8月11日，公司主营业务涉及电子产品研发和硬件创新 领域,聚焦电子互联技术,致 ...

让存量企业"信任票"一投再投，关键靠营商环境。2014年落户南通以来，深南电路持续追加投资， 正在进行设备安装调试的第4期项目总投资18亿元，年产HDI、FPC印制电路板48万平方米。企业负责 人介绍，深耕南通是因为这里有适合的"土壤"，公司在建项目全部达产后，年销售总额有望在3年内突 破百亿元。 10月28日，中央广播电视总台发布《2024—2025城市营商环境创新报告》，南通跻身"2024—2025 年度创新城市"十强。"服务好现有企业就是最好的招商引资。"南通市委书记吴新明表示，将突出用户 思维，将心比心、换位思考，不断擦亮"万事好通"营商服务品牌，持续激发"七虎竞南通、十强逐江 海"的拼劲韧劲，以实绩实效贯彻落实党的二十届四中全会精神，为"十四五"圆满收官、"十五五"良好 开局提供坚实支撑。 相比新项目，存量企业增资扩产项目建设周期短、要素需求少、企业黏性强，是招商的"富矿"。南 通要求各板块既目光向外招引更多大项目、好项目，又俯身向内服务企业增资扩产、新上项目。会议当 天现场观摩的9个项目中，存量企业增资扩产项目就有5个。 外资企业利润再投同样是重要的项目来源。据统计，近3年南通共有外资企业利润再投 ...

相比新项目，存量企业增资扩产项目建设周期短、要素需求少、企业黏性强，是招商的"富矿"。南通要 求各板块既目光向外招引更多大项目、好项目，又俯身向内服务企业增资扩产、新上项目。会议当天现 场观摩的9个项目中，存量企业增资扩产项目就有5个。在位于启东经济开发区的乾朔手机结构件及车载 电子产品项目建设现场，企业负责人介绍，项目总投资20亿元，将年产汽车电子产品连接器5亿只。 外资企业利润再投同样是重要的项目来源。据统计，近3年南通共有外资企业利润再投项目112个，到账 外资达16.2亿美元，占全市同期外资到账比重35.4%。德国制药公司默克2014年落地南通后，已连续投 资5个项目，总投资近33亿元，占其在华投资的50%以上。内外联动推动招商引资持续突破，截至9月 底，南通38个计划新开工省重大项目、224个计划新开工市重大项目全部开工，同比分别增加12个、7 个。 本报讯(记者徐超)记者从近日召开的南通市招商引资暨项目建设推进会上获悉，今年前三季度，该市新 签约重点内资项目347个，其中存量企业增资扩产项目189个，占比超50%；新开工亿元以上制造业项目 425个，其中存量企业增资扩产项目206个，占比达48.5 ...

Core Viewpoint - The company is facing short-term performance pressure due to international trade fluctuations and industry cycle adjustments, but it is building long-term core competitiveness through global capacity layout, technology upgrades, and deepening quality tracks [1][2]. Financial Performance - In Q3 2025, the company's revenue was 91.61 million, a year-on-year decrease of 17.45%, and the net profit attributable to the parent company was 3.404 million, down 67.35%, with a notable decline in consumer electronics orders [2][4]. Strategic Initiatives - The company is establishing production capacity in Southeast Asia to address overseas clients' supply chain stability concerns, with plans to set up subsidiaries in Vietnam and Thailand [2][4]. - A supply chain management center has been established to optimize efficiency across procurement, logistics, and inventory management, addressing raw material procurement challenges [4]. Client Strategy - The company is focusing on a major client strategy, optimizing its client structure, and reducing reliance on single large clients while developing direct cooperation with high-quality clients [4][6]. - The company anticipates that new major clients will enter the top five list in the next 1-2 years, providing sustained growth momentum [4][6]. Core Business and Technology - The company integrates flexible circuit board (FPC) manufacturing with electronic assembly (SMT/SIP) capabilities, enhancing customer stickiness through a one-stop solution [5][8]. - The AI glasses segment is highlighted as a key business area, with the company becoming a core supplier for a major client and expanding its customer base [6][8]. Market Opportunities - The CCS integrated bus market is expected to grow significantly due to the expansion of the new energy vehicle industry, with the company already achieving mass production and securing orders from a major client [6][8]. - The medical electronics sector is projected to experience explosive growth, with the company focusing on customized FPC manufacturing and expanding into medical instruments [7][8]. Conclusion - The company is constructing a unique competitive barrier through its core manufacturing capabilities, which allows it to match technological demands with manufacturing strength, positioning itself for a new growth cycle as it overcomes short-term performance pressures [8].

Event Overview - The Guangdong Province Live Job Recruitment Activity will be held from July to December 2025, featuring 40 online job fairs [2] - The event is guided by the China Small and Medium Enterprises Development Promotion Center and co-hosted by various provincial departments [2] Live Broadcast Information - The 33rd session of the live broadcast will take place on November 13, 2025, from 10:00 to 12:00 [4] Company Profiles Lingyi Technology (Shenzhen) Co., Ltd. - Established in 2006 and listed on the A-share market in 2018, Lingyi is a leading supplier of AI terminal hardware [5] - The company has maintained a leading market share in the global consumer electronics market for precision functional components [5] - It has been recognized in multiple rankings, including the Fortune China 500 for eight consecutive years and has an MSCI-ESG rating of "A" for 2023-2024 [5] Baidu (China) Co., Ltd. Guangzhou Branch - Baidu is a leading AI company with a strong internet foundation, recognized as one of the top four AI companies globally [7] - The company holds over 80% of the Chinese search engine market share [7] Guangdong Welling Motor Manufacturing Co., Ltd. - Founded in 1992, Welling is a wholly-owned subsidiary of Midea Group, specializing in motor and drive system manufacturing [9] - The company has a production capacity of 300 million units annually and ranks first in the air conditioning and washing machine motor market [9] Guangzhou Hanlue Media Technology Co., Ltd. - Established in 2020, Hanlue focuses on a new talent cultivation model integrating experiential internships and training [10] - The company has launched a cross-border e-commerce training program to enhance job skills for students and job seekers [10][11] Chimelong Group Co., Ltd. - Founded in 1989, Chimelong is a large cultural tourism group with multiple theme parks and hotels [12] - The group receives over 40 million visitors annually and aims to become a world-class cultural tourism brand [12] Job Opportunities Lingyi Technology - Positions available include Die Cutting Technician (58 openings, salary 5.5k-12k), Quality Technician (18 openings, salary 5.5k-9k), and others [7] Baidu - Positions available include Internet Marketing Consultant (20 openings, salary 4.7k-8k) [7] Guangdong Welling - Positions available include Grassroots Technician Trainee (20 openings, salary 4.5k-6.5k) [9] Guangzhou Hanlue - Positions available include Cross-border E-commerce Operator (10 openings, salary 1k-10k+), and others [12] Chimelong Group - Positions available include Customer Receptionist (15 openings, salary 2.6k-2.86k), and others [14]