Group 1 - The company has no current product layout in the robotics speaker field [2] - The company will actively monitor new technology development trends [2] - The company aims to leverage its geographical advantages within the automotive supply chain to expand its acoustic business [2]

Core Viewpoint - The company, Shengsheng Electronics (688533.SH), currently has no product layout in the robotics field but is actively monitoring new technology trends to expand its acoustic business within the automotive supply chain [1] Group 1 - The company is not involved in the robotics sector at this time [1] - The company aims to leverage its geographical advantages within the automotive supply chain to explore growth opportunities in the acoustic field [1] - The company is committed to keeping an eye on the development trends of new technologies [1]

人民财讯8月12日电，上声电子(688533)8月12日在互动平台表示，公司目前尚无机器人领域的产品布 局。公司将积极关注新技术发展趋势，利用身处车厂供应链的地缘优势，拓宽在声学领域的布局，寻求 业务增长发展的机会。 ...

此外，招银国际近日发布研报称，预期瑞声科技上半年收入及净利润分别同比增长24%及66%，主要由 美国主要客户的声学及触觉产品规格升级、散热产品订单增加、汽车声学客户订单获取，以及光学业务 盈利能力改善所推动。展望今年下半年及2026年，凭藉在多条产品线的技术领先优势，该行认为瑞声科 技已具备充分条件，能把握AI手机、AI眼镜、车用声学和光学产品，以及机械人等领域的新商机和规 格升级趋势。 瑞声科技(02018)再涨超6%，截至发稿，涨5.17%，报43.54港元，成交额2.66亿港元。 消息面上，7月31日，瑞声科技宣布已完成对Premium Sound Solutions公司(PSS)第二批次股份收购， PSS现已成为瑞声科技的间接全资附属公司。据悉，瑞声科技去年2月完成对PSS公司首批80%股权收 购。公开资料显示，PSS为欧洲老牌汽车声学公司，其车载扬声器早已占据欧美一线车厂市场，被瑞声 科技收购后，已成功向理想、小米、吉利、小鹏等国内新能源车企供货。 ...

Core Viewpoint - AAC Technologies (02018) has seen a stock price increase of over 6%, currently trading at HKD 43.54, with a transaction volume of HKD 266 million, following the completion of the second tranche of shares acquisition of Premium Sound Solutions (PSS) [1] Group 1: Company Developments - On July 31, AAC Technologies announced the completion of the second tranche of shares acquisition of PSS, which is now an indirect wholly-owned subsidiary of AAC Technologies [1] - Last year, AAC Technologies completed the first tranche acquisition of 80% of PSS [1] - PSS is a well-established European automotive acoustics company, whose in-car speakers have already captured the market of leading automotive manufacturers in Europe and the US [1] Group 2: Financial Performance - According to a recent report by CMB International, AAC Technologies is expected to see a year-on-year revenue growth of 24% and a net profit growth of 66% for the first half of the year [1] - The growth is driven by upgrades in acoustic and haptic product specifications from major US clients, increased orders for thermal products, acquisition of automotive acoustic clients, and improved profitability in optical business [1] Group 3: Future Outlook - Looking ahead to the second half of the year and into 2026, the company is well-positioned to capitalize on new opportunities and upgrade trends in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics, thanks to its technological advantages across multiple product lines [1]

智通财经获悉，瑞声科技(02018)涨超3%，截至发稿，涨2.72%，报41.25港元，成交额8397.01万港元。 消息面上，近日，瑞声科技发布公告，有关建议收购Acoustics Solutions International B.V.的公布。建议 交易事项的第二批次完成已于2025年7月31日按照买卖协议的条款进行。第二批次购买价按股东协议厘 定，而第二批次股份的总购买价为1.286亿美元连同利息。在第二批次完成后，目标公司成为本公司的 间接全资附属公司。 据信报财经报道，得益于去年2月收购Premium Sound Solutions公司(PSS)，瑞声科技车载声学业务发展 神速，收入达35.2亿元，毛利率为24.8%。PSS的车载扬声器早已占据欧美一线车厂市场，被瑞声科技收 购后，已成功向理想、小米、吉利、小鹏等国内新能源车企供货。车载NLC Pro算法(一种音频处理算 法)也已首次定点全球头部豪车品牌。 公开资料显示，PSS公司总部位于比利时，是拥有50年历史的欧洲老牌汽车声学公司，有着多元化的全 球制造布局，客户涵盖了主流的汽车品牌，包括奥迪、宝马、奔驰、路虎、别克等，全球市场份额达到 了15% ...

据信报财经报道，得益于去年2月收购Premium Sound Solutions公司(PSS)，瑞声科技车载声学业务发展 神速，收入达35.2亿元，毛利率为24.8%。PSS的车载扬声器早已占据欧美一线车厂市场，被瑞声科技收 购后，已成功向理想、小米、吉利、小鹏等国内新能源车企供货。车载NLC Pro算法(一种音频处理算 法)也已首次定点全球头部豪车品牌。 公开资料显示，PSS公司总部位于比利时，是拥有50年历史的欧洲老牌汽车声学公司，有着多元化的全 球制造布局，客户涵盖了主流的汽车品牌，包括奥迪、宝马、奔驰、路虎、别克等，全球市场份额达到 了15%-20%，中高端市场的份额占比更多。 智通财经APP获悉，瑞声科技(02018)涨超3%，截至发稿，涨2.72%，报41.25港元，成交额8397.01万港 元。 消息面上，近日，瑞声科技发布公告，有关建议收购Acoustics Solutions International B.V.的公布。建议 交易事项的第二批次完成已于2025年7月31日按照买卖协议的条款进行。第二批次购买价按股东协议厘 定，而第二批次股份的总购买价为1.286亿美元连同利息。在第二批次完成 ...

Core Viewpoint - AAC Technologies has completed the acquisition of the second batch of shares in Premium Sound Solutions (PSS), making PSS an indirect wholly-owned subsidiary of AAC Technologies [1] Group 1: Acquisition and Market Impact - AAC Technologies acquired 80% of PSS in February last year, leading to a steady increase in its global automotive market share and the establishment of a vertically integrated solution encompassing speakers, amplifiers, algorithms, and tuning services [3] - The automotive acoustics business of AAC Technologies has seen rapid growth, with revenue reaching 3.52 billion yuan and a gross margin of 24.8% [3] - PSS's automotive speakers have captured significant market share among top-tier automotive manufacturers in Europe and the US, and after the acquisition, AAC Technologies has successfully supplied to domestic new energy vehicle companies such as Li Auto, Xiaomi, Geely, and XPeng [3] Group 2: Ratings and Market Position - Moody's has upgraded the rating outlook for AAC Technologies from "stable" to "positive," citing the ongoing synergy effects from the acquisition of PSS and improvements in the company's diversified business structure [3] - CLSA's latest research report indicates that AAC Technologies is the sole supplier of the Xiaomi SU7 smart cockpit speakers, and the Xiaomi YU7 series smart cockpit speakers are co-developed with AAC Technologies, with all units supplied by AAC Technologies [3] Group 3: PSS Company Profile - PSS, headquartered in Belgium, is a well-established European automotive acoustics company with 50 years of history and a diversified global manufacturing layout [4] - PSS serves mainstream automotive brands, including Audi, BMW, Mercedes-Benz, Land Rover, and Buick, with a global market share of 15%-20%, and a higher proportion in the mid-to-high-end market [4]

Core Viewpoint - The "China Sound Valley" in Suzhou is emerging as a new engine for technological innovation, focusing on sound control and acoustic technology applications [1][12]. Group 1: Acoustic Innovations - The Sound Valley has developed advanced sound-absorbing materials that significantly reduce noise, utilizing a honeycomb structure to create resonance and lower sound energy [3][4]. - Active noise cancellation technology is being implemented, which releases sound waves that are opposite in phase to the noise, effectively reducing sound levels in environments like truck cabins [6][12]. - The "acoustic camera" technology can visualize sound, identifying inaudible frequencies and pinpointing sound sources, enhancing sound control in various applications [8][12]. Group 2: Applications and Impact - The innovations in sound technology are being applied in diverse fields, including automotive manufacturing, medical devices, and marine communications, contributing to the development of over 150 acoustic projects in the region [12][20]. - The establishment of a "noise map" platform in Changshu allows for real-time monitoring and precise identification of noise pollution, achieving a 98% accuracy rate in capturing specific noise events [14][16]. - The local government is promoting the construction of a "quiet city" by implementing noise-sensitive building regulations and control mechanisms, supported by the noise map technology [18][24]. Group 3: Economic Growth and Support - The Sound Valley's output value reached 13.5 billion yuan in the first half of 2025, marking a 34.4% year-on-year increase, with plans to develop a trillion-yuan acoustic industry cluster [26]. - A comprehensive innovation chain has been established to facilitate the transition of new technologies from research to market, supported by government funding and investment initiatives totaling 1 billion yuan [24][26]. - The region is fostering collaboration between academia and industry, with 11 platforms for research and development partnerships, enhancing the growth of the acoustic technology sector [24].

Economic Performance - In the first half of the year, the GDP of Jinxik Town is expected to grow by 6% year-on-year [1] - The industrial output value reached 24.18 billion, with a year-on-year increase of 6.7%, ranking second in Kunshan [1] - Total fixed asset investment amounted to 1.79 billion, showing a year-on-year growth of 17.1%, while industrial investment was 1.4 billion, with a significant increase of 32.5%, ranking first and third in Kunshan respectively [1] Industry Development - Jinxik Town is focusing on five major industries: consumer electronics, communication equipment, automotive parts, low-altitude economy, and intelligent manufacturing [1] - Major projects such as the "Jinxiu Living Room · Luxshare Precision Science Park" with an investment of over 6 billion were launched, expected to generate over 20 billion in industrial output and create over 10,000 jobs [1] Innovation and Collaboration - Jinxik Town has established deep cooperation with Nanjing University of Information Science and Technology to create an innovation achievement transformation base [1] - The town added 36 invention patents and 144 utility model patents, and initiated one provincial-level industry-university-research cooperation project [1] Tourism Growth - In the first half of the year, Jinxik Town received 2.15 million tourists, a year-on-year increase of 34% [2] - Total tourism revenue reached 73 million, reflecting a year-on-year growth of 12% [2]