证券日报网讯12月19日，春秋电子（603890）在互动平台回答投资者提问时表示，公司注重发展技术创 新能力，在技术创新和产品开发上取得了多项成果，在消费电子精密结构件及镁合金材质的应用有多年 的技术沉淀与积累，具有丰富的技术经验和成熟稳定的技术团队。公司注重投资者回报，会根据市场发 展态势和公司实际情况，基于长期发展的价值，立足股东利益最大化的原则调整产能结构，优化资源配 置，发展优势产业，改善投资质量，加强公司整体竞争力，提高公司盈利能力。 ...

来源：@究竟视频微博 【今日股市1218丨指数分化震荡但个股活跃度高 能否继续积极做多？】今日提要【话题】沪指震荡收 红，能否继续上行？【话题】 "犒赏经济"成为消费新模式，能否持续活跃？【观点】 陈文：市场技术 指标趋于钝化，均线系统密集咬合。【观点】徐习瑶：科技方向分歧较大，存储板块有止跌的迹象。 【观点】 吕嵩杰：市场风格重回均衡，化工等低位品种轮动。今日盘面A股三大指数表现分化，截至收 盘，沪指涨0.16%，收报3876.37点；深证成指跌1.29%，收报13053.97点；创业板指跌2.17%，收报 3107.06点。如何看待创业板指的反复表现，短期会如何运行？三市成交额为16770亿，较昨日萎缩1575 亿。量能水平萎缩，短期是否有上攻动能？行业板块涨跌互现，医药商业、航天装备、煤炭、银行、油 气、零售板块领涨，消费电子、电池、光伏、锂矿板块跌幅居前。市场反复个股活跃，短期如何操作？ 个股方面，上涨下跌股票数量相差不多，超70只股票涨停，较昨日明显增加。"犒赏经济"作为新型消费 模式成为今天的市场焦点，三湘印象、浙江众成等十几只个股批量涨停，能否持续活跃？零售板块依然 强势，龙头百大集团六连板，南 ...

Core Viewpoint - The "Lixun System" is expanding its family business with two IPOs, led by Lixun Precision and its brother company Lijing Innovation, marking a significant moment in the capital market [1][2]. Group 1: Company Overview - Lijing Innovation specializes in precision optical solutions, providing camera modules and display modules for various consumer electronics, with a notable presence in the global market [3]. - The company has seen substantial revenue growth, with revenue increasing from 12.75 billion in 2022 to 27.91 billion in 2024, and a 54.3% year-on-year increase in the first half of 2025 [3][4]. - The net profit also grew significantly, from 689 million in 2022 to 1.05 billion in 2024, with a 101.5% increase in the first half of 2025 [3]. Group 2: Revenue Composition - The consumer electronics segment is the primary revenue driver, contributing 88.2% of total revenue in the first half of 2025, amounting to 12.51 billion [3]. - Other business segments, including automotive electronics and emerging fields, contributed 3.76 billion, 7.27 billion, and 5.78 billion respectively, accounting for 2.6%, 5.1%, and 4.1% of total revenue [4]. Group 3: Client Concentration - Lijing Innovation has a high client concentration, with revenue from the top five clients increasing from 11.6 billion in 2022 to 24.8 billion in 2024, representing 88.7% of total revenue [5]. - The largest single client, referred to as "Client A," is believed to be Apple, with revenue from this client rising from 7.4 billion in 2022 to 17.2 billion in 2024, making up 61.6% of total revenue [5][6]. Group 4: Financial Health - The company’s total liabilities increased from approximately 2.7 billion to 5.95 billion from 2022 to the first half of 2025, while cash reserves stood at 4.16 billion [6]. - The IPO aims to raise funds for R&D, optimizing manufacturing platforms, and repaying existing bank loans [6]. Group 5: Acquisition Strategy - Lijing Innovation's growth strategy heavily relies on acquisitions, mirroring the path of its sibling company Lixun Precision, which has made significant acquisitions to expand its market presence [7][8]. - The company has made several key acquisitions, including a 3.6 billion acquisition of a camera module division and a 21.96 billion acquisition of a front camera supplier for Apple [8]. Group 6: Leadership and Governance - The leadership of Lijing Innovation is closely tied to the Wang family, with Wang Laichun serving as chairman and her brother Wang Laixi as the founder and executive director [11][12]. - The executive team is composed of individuals with extensive experience in the Lixun system, ensuring a strong strategic alignment [13][14].

Group 1 - The core narrative revolves around the expansion of the "Lixun system" with two IPOs, one for Luxshare Precision and another for its sibling company, Lijing Innovation, marking a significant move in the Hong Kong IPO market [2][3] - Key figures in this expansion are Wang Laichun, the leader of Luxshare Precision, and her brother Wang Laixi, the founder of Lijing Innovation, both of whom have extensive experience in the industry [2][4] Group 2 - Lijing Innovation, a precision optical solutions provider, has seen its revenue grow from 12.75 billion yuan in 2022 to 27.91 billion yuan in 2024, with a 54.3% year-on-year increase in the first half of 2025 [4][6] - The company's net profit also increased significantly, from 689 million yuan in 2022 to 1.052 billion yuan in 2024, with a 101.5% year-on-year rise in the first half of 2025 [6] Group 3 - The majority of Lijing Innovation's revenue comes from consumer electronics, particularly camera modules, which accounted for 88.2% of total revenue in the first half of 2025 [6][8] - The company has a high customer concentration, with its top five clients contributing 89% of revenue in the first half of 2025, and a significant portion of sales attributed to a major client, identified as Apple [8][10] Group 4 - Lijing Innovation's IPO aims to raise funds for R&D in precision optical products, optimization of smart manufacturing platforms, and repayment of existing bank loans, among other uses [10][12] - The company has a history of strategic acquisitions, mirroring the expansion strategy of Luxshare Precision, which has also engaged in numerous acquisitions to enhance its market position [14][16] Group 5 - The leadership of Lijing Innovation is heavily influenced by the "Lixun system," with a management team composed of individuals with over ten years of experience in Luxshare Precision [17][22] - The Wang family, which controls both companies, has established a broad industrial network that includes various suppliers and partners within the Apple supply chain [20][24]

Core Viewpoint - Xiaomi Technology Co., Ltd. has applied for the registration of multiple "XIAOMIMIMO" trademarks across various international classifications, indicating a strategic move to expand its brand presence in diverse sectors [1] Group 1: Trademark Registration - Xiaomi has registered multiple "XIAOMIMIMO" trademarks [1] - The international classifications for these trademarks include advertising sales, scientific instruments, and transportation tools [1] - The current status of all registered trademarks is confirmed as "registered" [1]

"为了改进一个微小的技术动作，我需要花三四周时间去建立一个新的肌肉记忆。"面对镜头，游泳运动员汪顺这样说道。从曾经怀揣绘画梦的少年，到如今 站上世界最高领奖台的冠军，汪顺将"非凡"归功于时间——那种日复一日、几乎枯燥的沉浸与坚持。2025年末，华为"见非凡"品牌计划携手《十三邀》团 队，将镜头对准了梁家辉、徐颖、汪顺等一群以"坚持"为信仰的探索者。在他们各异的人生轨迹中，"非凡"从未以惊雷之势骤然降临，而更像滴水穿石，是 时间深处静默却有力的打磨与积淀。 12月19日，2025华为"见非凡"品牌计划新一期内容《游过时间的长度》上线，节目没有过多渲染胜利的辉煌，反而将镜头推向了训练的琐碎与低谷的迷茫， 将汪顺二十五年的运动生涯浓缩为一段关于"坚持"与"沉淀"的叙事。 东京奥运会宣布延期的那一刻，对许多运动员而言是沉重的打击，汪顺却视其为"重生的机会"。他笃信："机会不是等来的风，而是在风停下时为自己造的 那艘船。"于是，在全世界停摆的时期，他选择更深地潜入训练，打磨技术、锤炼心性。"努力留下的痕迹，比胜利本身更动人。"最终，当他站上领奖台， 感受到的不仅是胜利的喜悦，更是一种时间赋予的厚重质感。 汪顺的故事并非 ...

本周，中证消费电子主题指数下跌3.7%，中证物联网主题指数下跌2.4%，国证机器人产业指数下跌2.5%，中证智能电动汽 车指数下跌2.3%。Wind数据显示，截至昨日，机器人ETF易方达（159530）本周前4个交易日合计获5500万元资金净流 入，最新规模超120亿元，流动性较好。 Wind数据显示，机器人ETF易方达（159530）跟踪的国证机器人产业指数于近日进行成分股调整。在本次调整中，三花智 控等5只机器人零部件产业链公司被纳入国证机器人产业指数，使指数与人形机器人的相关度进一步提升。 人形机器人"含量"高、占比近80%。 中证智能电动汽车指数 H 聚焦的智能电动汽车有望成为具身智能落地的代表性方向之一, 覆盖动力系统、感知系统、决策系统、执行系统、通讯系统、整 车生产等产业链环节。 ai 中证消费电子主题指数 聚焦的AI硬件是目前主要的智能终端品类,由业务涉及元器件 生产、整机品牌设计及生产等消费电子相关公司股票组成。 注3: 银行、互联网平台等相关销售机构提供可场外投资的ETF联接基金。 注4:基金有风险,投资须谨慎,详阅基金法律文件及交易所、结算公司等相关业务规则 A 指数历史涨跌幅 国计制 ...

Core Insights - The article highlights the journey of a prominent industrial designer, Shi Xiaoxi, who transitioned from designing mobile phones at Nokia to exploring broader design concepts, emphasizing the importance of materials and manufacturing processes in design [1][2][19]. Group 1: Background and Early Career - Shi Xiaoxi, a 44-year-old industrial designer, was one of the youngest design experts at Nokia, leading the design of the Nokia 1200, which sold over 150 million units globally, making it one of the best-selling phones in history [1][7]. - In 2006, Nokia was at its peak, with annual sales exceeding 400 million units and a market share of 40%, nearly double that of its closest competitor, Motorola [6][14]. - The design environment at Nokia was unique, integrating design with engineering and marketing, allowing designers like Shi to have significant influence over product decisions [6][8]. Group 2: Design Philosophy and Challenges - Shi's design philosophy evolved to encompass not just aesthetics but also supply chain, cost, craftsmanship, and cultural considerations, recognizing that design is a product of its environment [8][10]. - The introduction of the iPhone in 2007 marked a turning point for the mobile industry, but Nokia's management was slow to adapt, leading to missed opportunities in the smartphone market [10][12]. - Despite efforts to innovate, Nokia's reliance on outdated systems and processes ultimately led to its decline, with a significant loss of market share and eventual acquisition by Microsoft in 2013 [13][14]. Group 3: Transition and Current Work - After leaving Nokia, Shi shifted his focus from mobile phones to a broader range of design projects, emphasizing the importance of material exploration and manufacturing capabilities [19][20]. - His notable work includes the Amazfit smart band, which features a minimalist design inspired by traditional Chinese aesthetics, showcasing his ability to blend cultural elements with modern technology [17][18]. - Shi advocates for a design approach that prioritizes collaboration with manufacturers and embraces new materials and technologies, moving away from traditional design paradigms [19][20]. Group 4: Industry Reflections and Future Outlook - The article reflects on the changing landscape of the mobile industry, where design has become secondary to software and ecosystem considerations, contrasting the past focus on hardware aesthetics [15][21]. - Shi emphasizes the need for designers to maintain a broad perspective and adapt to new trends, warning against the dangers of becoming insular in thought and practice [20][21]. - The narrative concludes with a poignant reminder of the past, as Shi encounters a Nokia 5000, a product he once designed, symbolizing the legacy of an era that has since transformed [22].

在智能游戏/办公掌机领域，GPD(GamePad Digital)品牌始终是创新、个性化极致体验的代名词。其最新力作 —— GPD WIN 5 ，不仅以强悍性能刷新了"掌机生产力"的上限，更通过率先采用 佰维 Mini SSD， 为用户 带来 极速加载、自由扩容、可靠随行 的数据存储体验。 掌中性能"怪兽"，爽玩3A游戏 01 GPD WIN 5 延续品牌对"小而强"的追求，搭载 AMD 锐龙 AI Max+ 395 处理器、最高 128GB LPDDR5X 8000 MT/s 内存，并且集成了 Mini SSD可扩展存储方案 。这一强势"存算"组合，不仅能流畅运行 700 亿参 数大模型，还可轻松应对 8K 视频渲染、科学计算等专业负载，同时为 3A 游戏提供高帧率、低延迟的沉浸 式体验。 GPD WIN 5搭载的佰维 Mini SSD ，是专为端侧智能设备打造的高集成度存储解决方案。Mini SSD 基于 PCIe 4.0 ×2 与 NVMe 1.4 协议，提供高达 3700MB/s 的顺序读取速度和 850K IOPS 的 4K 随机读取性能，为 处理器与核显持续输送数据流。无论是大模型权重快速加载，还 ...

小米集团-W(01810)发布公告，该公司于2025年12月19日斥资1.52亿港元回购375万股股份，每股回购价 格为40.42-40.56港元。 ...