Group 1 - The A-share market saw a strong performance on October 21, with the three major indices rising, particularly in the computer sector [1] - The Computer ETF (159998) increased by 0.39%, with notable gains from stocks like Jiangbolong, which rose over 3%, and other companies such as Zhongke Ruifeng and Keda Xunfei also showing positive movement [1] - The Cloud Computing ETF (517390) experienced a significant increase of 2%, with stocks like Zhongji Xuchuang rising over 5% and Alibaba-W increasing over 3% [1] Group 2 - The National Taxation Administration reported that the sales revenue of the equipment manufacturing industry grew by 9% year-on-year in the first three quarters, with computer communication equipment and industrial mother machines seeing increases of 13.5% and 11.8% respectively [2] - At the 2025 Brain-Computer Interface and MRI Summit, the world's first customized brain-computer interaction MRI platform "Shengong-Shengguan" was officially launched [2] - Alibaba Cloud's "Aegaeon" solution was selected for the top academic conference SOSP2025, demonstrating a significant reduction in the required number of NVIDIA H20 GPUs from 1192 to 213, a decrease of 82% [2] - Recent market sentiment has shown a decline in risk appetite, with the computer sector's previous gains being relatively modest, leading to improved cost-effectiveness for core leading companies in the sector [2] - It is suggested to focus on the third-quarter reports for short-term investment opportunities and to pay attention to high-quality stocks with marginal changes [2]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the Chinese economy, particularly the industrial production, fixed asset investment, and retail sales sectors, as well as GDP growth forecasts for 2025 and 2026. Core Insights and Arguments 1. **GDP Growth**: China's Q3 GDP growth moderated to 4.8% year-on-year (yoy) from 5.2% in Q2, slightly above market consensus of 4.7% but in line with forecasts. Sequentially, GDP growth showed a slight acceleration to 1.1% quarter-over-quarter (qoq) non-annualized in Q3 from 1.0% in Q2 [1][10][20]. 2. **Industrial Production**: Industrial production (IP) growth rose significantly to 6.5% yoy in September, exceeding expectations, driven by stronger exports and increased auto output. Sequentially, IP gained 1.4% month-over-month (mom) non-annualized in September [3][13][20]. 3. **Fixed Asset Investment (FAI)**: FAI growth remained depressed at -0.5% year-to-date (ytd) yoy in September, with a notable single-month decline of -6.7% yoy. This was attributed to ongoing "anti-involution" policies and a prolonged downturn in the property sector [8][14][20]. 4. **Retail Sales**: Retail sales growth slowed to 3.0% yoy in September from 3.4% in August, impacted by weaker offline sales and the fading effectiveness of the consumer goods trade-in program. Online sales showed slight improvement [9][15][20]. 5. **Services Sector**: The Services Industry Output Index remained stable at 5.6% yoy in September, indicating resilience in the services sector despite challenges in retail sales [16][20]. 6. **Property Market**: The property market continued to show weakness, with significant year-on-year declines in new home starts (-14.4%) and property sales (-10.5% in volume) [11][18][20]. 7. **Unemployment Rates**: The nationwide unemployment rate decreased slightly to 5.2% in September from 5.3% in August, although youth unemployment remains a concern at 18.9% for the 16-24 age group [19][20]. Adjustments to Economic Forecasts - Full-year real GDP growth forecasts for 2025 and 2026 have been raised to 4.9% and 4.3%, respectively, reflecting adjustments based on Q3 GDP outcomes and historical data revisions. The growth target of "around 5%" for the year remains on track despite US-China tensions [1][20][37]. Additional Important Insights - The effectiveness of existing easing measures is diminishing, necessitating targeted easing to ensure stable growth and employment in the coming quarters [20]. - The majority of recent easing measures' growth impulses are expected to materialize in late 2025 or early 2026 [20]. This summary encapsulates the key points from the conference call, providing a comprehensive overview of the current state of the Chinese economy and its outlook.

Core Viewpoint - The report from Galaxy Securities indicates that the Ministry of Industry and Information Technology's "Millisecond Computing" initiative will stimulate demand for network equipment and computing infrastructure in the short term, while opening up new opportunities for edge computing and AI applications in the medium to long term [1] Group 1: Short-term Impact - The "Millisecond Computing" initiative is expected to directly boost the demand for computing infrastructure [1] - Focus areas for investment include computing resource scheduling and operation, computing infrastructure, and intelligent driving [1] Group 2: Long-term Opportunities - The initiative is projected to create a blue ocean space for edge computing and AI industry applications [1] - The computer sector is advised to pay close attention to developments in AI applications [1]

Image available: pr@jltmobile.com  Växjö, Sweden, October 14, 2025* * * JLT Mobile Computers, a global leader in rugged computing solutions, will be exhibiting together with Signal Partners at... Read More ...

Group 1 - JLT Mobile Computers has appointed a nomination committee with Josef Weidman as convener, consisting of three members from the three largest shareholders [1][2] - The nomination committee is responsible for preparing proposals for the Annual General Meeting, including the Chairman, Board members, director fees, and auditor appointments [2][3] - Proposals for the nomination committee must be submitted by February 28, 2026, via email or mail to Josef Weidman [2] Group 2 - JLT Mobile Computers specializes in rugged mobile computing devices for demanding environments, with 30 years of development experience [3][4] - The company operates globally with offices in Sweden, France, and the US, and has been listed on the Nasdaq First North Growth Market since 2002 [4]

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the Taiwan ODM (Original Design Manufacturer) sector, focusing on server and PC markets, particularly in relation to Nvidia's GPU shipments and AWS AI ASIC demand [1][3][4]. Core Insights and Arguments Server Market - **3Q25 Revenue Performance**: Most Taiwan server ODMs reported revenues in line with expectations for 3Q25, with a noted pause in general server shipment momentum due to inventory pre-builds driven by tariffs in 1H25 [1][3]. - **Nvidia Shipments**: The ramp-up of Nvidia's GB200/300 shipments was slower than anticipated, attributed to product transitions and yield improvements [1][3]. - **Future Expectations**: A flat quarter-over-quarter (QoQ) trend in general servers is expected, with a significant increase in GB rack shipments anticipated in 4Q25 due to the GB300 ramp [1][3]. - **AWS AI ASIC Demand**: Strong demand for AWS AI ASICs was noted, although a potential slowdown is expected in 4Q25 to 1Q26 due to product transitions [1][3]. PC Market - **Notebook ODM Performance**: The 3Q25 notebook ODM build was in line with estimates, showing a 3% QoQ growth. However, a high single-digit percentage decline in shipments is forecasted for 4Q25 due to seasonal trends [1][4]. - **PC Brand Performance**: Preliminary data indicated a stronger-than-expected sell-in shipment growth of 11% QoQ and 9% YoY for PCs, suggesting potential earnings upside for brands like Lenovo and ASUSTek [4][5]. - **Market Share Shifts**: There is a noted shift in market share from Taiwan NB ODMs to mainland Chinese vendors, impacting overall performance [4]. Component Vendors - **VGA/Motherboard Trends**: VGA and motherboard shipments are expected to show sub-seasonal trends, with a forecast of flattish to single-digit declines in 4Q25 [8]. - **GPU Supply**: Management indicated tight GPU supply in July and August, with gradual improvements expected in September [8]. Additional Important Insights - **iPhone 17 Demand**: The new iPhone 17 cycle has shown better-than-expected demand, leading to significant revenue increases for Hon Hai and Pegatron in September [8]. - **Company Preferences**: In the server ODM space, the preferred companies are Hon Hai, Quanta, Wiwynn, and Wistron. For the PC sector, Lenovo, ASUSTek, MSI, and Compal are favored [1][3]. Financial Data Highlights - **3Q25 Sales Summary**: - Asus: NT$78.9 billion, 31% MoM increase, 34% YoY increase - Acer: NT$21.8 billion, 0% MoM, -4% YoY - MSI: NT$19.6 billion, 4% MoM, -1% YoY - Hon Hai: NT$837.1 billion, 38% MoM, 14% YoY [5]. Conclusion - The Taiwan ODM sector is experiencing mixed trends, with strong demand in certain areas like AWS AI ASICs and iPhone production, while facing challenges in general server shipments and PC market share dynamics. The outlook for 4Q25 suggests a seasonal decline in shipments, but potential growth in specific segments remains.

Image available: pr@jltmobile.com Växjö, Sweden, 15 October 2025 * * * JLT Mobile Computers, a leading a leading supplier and developer of rugged computers for demanding environments, today announced the successful validation of its high-performance VERSO™ Series rugged vehicle-mount terminals (VMTs) for the latest major release of the Navis N4 Terminal Operating System (TOS). This dedicated validation follows JLT’s multi-year Navis Ready subscription agreement, first announced in 2019 and extended for an ...

Company Overview - JLT Mobile Computers is a leading developer and supplier of rugged mobile computing devices and solutions for demanding environments, with 30 years of development and manufacturing experience [6] - The company was founded in 1994 and has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT [6] - JLT operates globally from offices in Sweden, France, and the US, supported by an extensive network of sales partners [6] Product Highlights - The new JLT6015 rugged vehicle-mounted computer features a 15-inch widescreen Full HD display, certified for 5G, and is available with Windows 11 IoT Enterprise LTSC [2] - The JLT6015 is designed to drive efficiency, automation, and real-time decision-making in demanding logistics environments [2][3] - The device allows customers to work efficiently with access to multiple views simultaneously in high resolution, even in harsh conditions [3] Event Participation - JLT Mobile Computers will be exhibiting at Logistik & Transport in Gothenburg on November 4-5, inviting visitors to booth D02:09 to experience their latest innovations [1][4] - The event will provide an opportunity for visitors to discuss their business needs and see how JLT's rugged computers can be customized for unique operational requirements [3][4]

IDC《全球季度个人计算设备追踪报告》发布的初步结果显示，2025年第三季度，全球传统个人电脑 （包括台式机、笔记本电脑和工作站）市场显示出持续活力实现加速增长：出货总量达到7590万台，较 去年同期增长9.4%。其中，联想的PC出货量达到1940万台，市场份额达25.5%排名第一，实现了17.3% 的同比增长。 ...

Global PC shipments grew 9.4% year-over-year in the third quarter of 2025, reaching 75.9M units, according to preliminary data from IDC’s Worldwide Quarterly Personal Computing Device Tracker. The market continues to benefit from the Windows 11 upgrade cycle and the replacement of aging ...