格隆汇12月10日丨唯科科技(301196.SZ)在互动平台表示，公司与丹麦电脑液冷系统知名企业ASETEK合 作开发的游戏电脑水冷散热器已实现批量销售。 ...

（编辑 楚丽君） 证券日报网讯 12月5日，超频三在互动平台回答投资者提问时表示，公司水冷散热器、风冷散热器、风 扇、机箱、电源等系列产品通过京东等平台线上销售，可通过公司官网、公众号或官方旗舰店了解更多 产品详情。具体的销售情况请以公司披露的定期报告为准。 ...

Core Insights - Over 400 A-share listed companies have been investigated by institutions since November, with Luxshare Precision receiving the most attention from over 200 institutions [1] - The focus of institutional research is on "hard technology" sectors such as electronic components and integrated circuits [1] - Companies are increasingly being asked about their future R&D directions and strategies to maintain competitive advantages in the evolving tech landscape [2][3] Group 1: Company Research Highlights - Luxshare Precision has been the most investigated company, with 222 institutions participating, despite a price drop of 4.92% [1] - Tongyu Communication is preparing for the transition from 5G to 6G, focusing on satellite internet as a core infrastructure and has made advancements in multi-beam communication and microwave technologies [3] - HNA Holding plans to optimize its fleet structure during the 14th Five-Year Plan period to enhance operational efficiency [5] Group 2: Industry Trends and Focus Areas - The technology sector, particularly in electronic components and integrated circuits, remains a focal point for institutional research, indicating a sustained interest in tech investments [6] - Investment opportunities are suggested in advanced semiconductor manufacturing, new energy systems, quantum technology, and AI-related fields [6] - The application side of technology is seen as a key area for structural growth, with high demand in sectors like robotics, consumer electronics, and power management chips [6]

Core Viewpoint - ASUS issued an apology to Tencent Games Security ACE for a misleading video that raised concerns about software safety and computer performance among players [1][2]. Group 1: Incident Overview - ASUS removed the controversial video and is conducting an internal investigation to address management lapses regarding content creation and verification processes [2][3]. - The misleading video claimed that the ACE anti-cheat system caused significant memory usage and performance issues, including game lag and potential system crashes [5]. Group 2: Response and Future Actions - ASUS plans to implement a stricter multi-level content review mechanism to ensure the accuracy and truthfulness of published content and will take disciplinary action against responsible personnel [3][5]. - Tencent Games Security acknowledged ASUS's apology and expressed a desire to continue collaborating for the healthy development of the gaming industry and public discourse [3][5]. Group 3: Background on ACE - Tencent's ACE is a comprehensive security solution for games, having evolved from an early anti-cheat system to cover various protective functions, including anti-cheat, content safety, and economic security [5]. - ACE serves hundreds of games and over 700 million players, with partnerships for developing security solutions for popular titles [5].

Core Viewpoint - ASUS issued an apology to Tencent Games regarding a misleading video that raised concerns about the security of Tencent's ACE anti-cheat system and its impact on computer performance [1][2]. Group 1: Incident Overview - The incident originated from a video posted on ASUS's official Bilibili account titled "Close ACE Anti-Cheat System to Protect Your Computer Performance," which claimed that Tencent's ACE might not prevent cheating but would heavily scan the hard drive, causing performance issues [2]. - The video sparked significant discussion among players, leading to worries about software security and system stability [1][2]. Group 2: Company Response - ASUS confirmed that the issue arose from a lack of stringent content review processes and management oversights regarding the supplier team [1]. - The company has taken immediate action by removing the video and conducting an internal investigation [1]. - ASUS plans to implement measures including serious disciplinary actions against responsible personnel and establishing a more rigorous multi-level content review mechanism to ensure the accuracy and truthfulness of published content [4].

Core Viewpoint - ASUS Computer (Chongqing) Co., Ltd. issued an apology to Tencent Game Security ACE for a misleading video that raised concerns about software safety and computer performance among players [1][4] Group 1: Apology and Response - ASUS has removed the controversial video and is conducting an internal investigation and process review [2] - The company acknowledged that the incident stemmed from management oversights regarding the supplier team and a lack of strict content review processes [4] - Tencent Game Security expressed gratitude for ASUS's sincerity and looks forward to future collaboration to promote a healthy gaming industry and public opinion environment [4] Group 2: Product Background - Tencent Game Security ACE is a self-developed game security product focusing on comprehensive safety protection throughout the game lifecycle, serving hundreds of games and over 700 million players [6] - ACE evolved from Tencent's early anti-cheat systems and was officially launched in November 2021, transitioning into a comprehensive security solution covering anti-cheat, content security, and economic safety [6] - The controversial video claimed that the ACE anti-cheat system excessively scans the hard drive, leading to memory usage issues and performance drops in games [6] Group 3: Ongoing Issues - Despite the removal of the original video by ASUS, copies have been circulated on Bilibili, and various user-uploaded tutorials on disabling ACE continue to appear [7] - As of the report, Tencent Game Security has not provided further responses regarding the issues mentioned in the video [7]

Core Viewpoint - ASUS Computer (Chongqing) Co., Ltd. issued an apology for a video posted on its official account that contained erroneous descriptions and false evaluations regarding Tencent's game security system ACE, leading to concerns among players about software safety and computer performance stability [1][2][3] Group 1 - The video titled "Turn Off ACE Anti-Cheat System to Protect Your Computer Performance" was found to have misleading content, prompting ASUS to apologize for the negative impact on Tencent's ACE [1][2] - ASUS has taken immediate action by removing the video and conducting an internal investigation to address the issue [2][3] - The internal investigation revealed a lack of strict content review processes and management oversights regarding the supplier team, resulting in the publication of unverified information [3] Group 2 - ASUS plans to implement measures to prevent similar issues in the future, including serious consequences for responsible personnel and the establishment of a more rigorous multi-level content review mechanism [2][3] - Both ASUS and Tencent are committed to providing an excellent gaming experience for global players and aim to promote a healthy development of the gaming industry and public opinion environment [2]

Group 1 - The core point of the article is that Supermicro's first-quarter net sales were $5.02 billion, which fell short of analysts' expectations of $6.09 billion [1] - The company now expects full-year net sales to be at least $36 billion, an increase from the previous estimate of at least $33 billion [1] - For the second quarter, Supermicro anticipates net sales between $10 billion and $11 billion, exceeding analysts' expectations of $8.05 billion [1] - Following the earnings report, Supermicro's stock dropped over 10% in after-hours trading [1]

Core Insights - The price of memory modules has doubled in the past month, with prices increasing from around 200 to over 400 and from over 1000 to nearly 2000 [1][2] - Despite the rise in memory prices, the prices of graphics cards and CPUs have decreased, resulting in overall computer prices remaining relatively stable [2] - The computer hardware industry is currently experiencing low profit margins, and the pricing trends are influenced by market conditions rather than promotional events like Double Eleven [2] Price Trends - Memory module prices have surged significantly, with a 100% increase observed in the last month [2] - Specific price changes include a rise from 200 to over 400 and from over 1000 to nearly 2000 for different memory products [2] - In contrast, the prices of graphics cards and CPUs have seen a decline, which offsets the increase in memory prices [2] Market Conditions - The computer hardware market is described as having "cabbage-like" profit margins, indicating very low profitability [2] - The pricing dynamics in the industry are compared to stock market trends, suggesting that prices fluctuate based on market conditions rather than promotional strategies [2] - Consumers are advised that the total cost of a computer system will not vary significantly despite the changes in individual component prices [1][2]

Core Viewpoint - Super Micro Computer, Inc. (SMCI) has faced significant challenges over the past year, including governance concerns due to delayed regulatory filings and investigations by the U.S. Department of Justice, which have impacted its stock price and investor confidence [1][3]. Financial Performance - The company reported preliminary financial results for Q1 of fiscal year 2026, with expected revenue of $5 billion, which is below the previous guidance range of $6 billion to $7 billion [3][4]. - The total design orders recently obtained exceeded $12 billion, with expected delivery in Q2 of fiscal year 2026 [3]. - The revenue shortfall in Q1 is attributed to the postponement of some revenue due to "design order upgrades," which analysts noted is over 20% lower than consensus expectations [3][4]. Operational Challenges - Analysts express concerns regarding the company's inability to achieve operational leverage, as revenue growth has not translated into improved profit margins, indicating either intense market competition or a lack of product differentiation [4][5]. - The company has faced funding difficulties, exacerbated by governance issues, which may deter potential clients from signing large contracts [4][5]. - Super Micro Computer acknowledged significant deficiencies in its internal controls over financial reporting, raising concerns about the accuracy of its financial statements [5][6]. Market Outlook - The company maintains a total revenue guidance of $33 billion for fiscal year 2026, implying a need to achieve $28 billion in revenue over the next three quarters, which analysts view as highly ambitious given the current performance [6]. - Short-term stock price expectations are around $50, with potential downward pressure if the company fails to meet its annual revenue guidance [6]. - The long-term outlook remains bleak, with declining profit margins and the risk of further sacrifices in profitability to sustain growth, leading to a potential "reckoning" in the coming quarters [6].