Core Viewpoint - The company, Yingqu Technology, forecasts a significant increase in net profit for the year 2025, projecting a range of 540 million to 660 million yuan, representing a growth of 114.69% to 162.40% compared to the previous year [2] Financial Performance - Expected net profit attributable to shareholders is projected between 540 million and 660 million yuan, compared to 251.5246 million yuan in the previous year [2] - Basic earnings per share are anticipated to be between 0.72 yuan and 0.88 yuan, up from 0.33 yuan in the same period last year [2] - After excluding non-recurring gains and losses, the net profit is expected to be between 22 million and 26 million yuan, showing a change of -7.60% to +9.20% compared to 23.80857 million yuan last year [2] Revenue Growth - The company's operating revenue is expected to be between 4.037 billion and 4.216 billion yuan, reflecting a year-on-year growth of approximately 13% to 18% [2] - This growth is attributed to the alleviation of adverse business fluctuations and stable development across segments such as innovative consumer electronics, automotive electronics, and health environment [2] Value Changes and Expenses - The company anticipates significant fair value changes from its equity investments, which are expected to contribute an additional 381 million yuan to net profit attributable to shareholders [2] - There is an expected increase in period expenses due to the company's commitment to innovation, increased R&D investment, and the implementation of a new stock incentive plan costing 20.0652 million yuan, along with factors like exchange rate fluctuations [2]

Core Viewpoint - Longqi Technology's listing on the Hong Kong Stock Exchange is not merely a financing move but a strategic response to the evolving landscape of AI terminals and the ODM industry, which is experiencing heightened competitive barriers and a revaluation of the "hardware + AI" framework [1] Industry Logic Reassessment: AI Reshaping Terminals, Strong Players Prevail - The emergence of AI terminals is diversifying product forms beyond smartphones, with AI PCs, smart glasses, and wearable devices becoming new entry points, driving structural shifts in industry demand [2] - The global AI smart glasses market is projected to see a 222% year-on-year increase in sales by Q2 2025, with shipments expected to reach 1.4 billion units by 2035, indicating a significant market opportunity [2] - AI smartphones are expected to account for 16% of total smartphone shipments in 2024, rising to 54% by 2028, marking the beginning of a "scale shipment year" [2] - The complexity of AI integration raises the bar for technical capabilities, increasing the reliance on ODM manufacturers as essential partners [2] Company Logic Restructuring: "1+2+X" Strategy, Clear Dividend Release Rhythm - Longqi Technology's "1+2+X" strategy focuses on smartphones as the core, with personal computing and automotive electronics as growth engines, and AIoT as an extension, creating a structured business evolution path [4] - The smartphone ODM segment is stabilizing, with Longqi pursuing higher quality growth by concentrating resources on projects with greater scale and technical demands [6] Growth Engines Accelerating: AI Glasses and AIoT Entering Volume Phase - Longqi has been involved in the VR/AR sector since 2015 and is now deeply integrated into the supply chains of leading international clients, particularly in AI glasses manufacturing [7] - The company has established manufacturing bases in China and overseas, allowing it to handle large-scale orders with fewer constraints compared to competitors with only domestic capabilities [7] - Longqi's AIoT business has shown remarkable growth, with a revenue increase of over 120% year-on-year in 2024, and a 47.17% increase in Q3 2025, contributing 20% to overall revenue [8][9] Mid-term Layout: Breakthroughs in AI PC and Automotive Electronics - Longqi is leveraging its experience in ARM platforms to gain an advantage in the AI PC sector, with expectations for significant revenue contributions starting in 2026 [10] - The automotive electronics division has secured projects with multiple major clients, indicating a solid foundation for future growth [11] Long-term Vision: Embodied Intelligence and Platform Transition - Longqi aims to transition from hardware manufacturing to AI hardware system integration, with a focus on embodied intelligence as a key future direction [12][13] - The company is exploring strategic partnerships to develop industrial-grade embodied intelligent robots, indicating a shift towards more complex hardware solutions [12] Clear Catalysts: Profit Improvement Cycle Initiated, Hong Kong Listing as a Value Reassessment Opportunity - Longqi's financial data reflects a clear profit improvement cycle, with a 64.46% year-on-year increase in net profit for Q3 2025 [14] - The company's current valuation is seen as attractive compared to its growth prospects, with expectations for a revaluation following its Hong Kong listing [15] - The listing is anticipated to enhance Longqi's visibility in international capital markets, potentially attracting long-term investment and improving liquidity [15]

Core Viewpoint - The trend of A+H listings is expected to continue in 2026, with multiple A-share companies planning to issue H-shares and list on the Hong Kong Stock Exchange, indicating a significant increase in internationalization efforts among Chinese firms [1][2][3]. Group 1: Company Developments - Guangzhou Penghui Energy Technology Co., Ltd. and Huizhou Desay SV Automotive Electronics Co., Ltd. are among the A-share companies planning to issue H-shares to enhance their international presence and competitiveness [2][3]. - Desay SV aims to improve its brand influence and accelerate overseas business expansion through the issuance of H-shares [2]. - Penghui Energy's product matrix includes energy storage batteries, consumer batteries, and power batteries, with sales in over 50 countries, highlighting its global reach [3]. Group 2: Market Trends - In 2025, 19 A-share companies, including CATL and others, are expected to raise approximately HKD 139.99 billion through H-share listings, a 533% increase from 2024 [1]. - The A+H listing trend is driven by policy support and the increasing number of companies opting for this model, which enhances the interconnectivity between mainland and Hong Kong capital markets [4]. - The liquidity of the Hong Kong market is expected to improve significantly in 2025, attracting international funds and reducing valuation discount concerns for companies [4]. Group 3: Strategic Insights - The A+H model is seen as a long-term strategy that requires companies to align with international governance and disclosure standards, facilitating cross-border mergers and global equity incentives [5]. - The Hong Kong platform serves as a core for offshore financing, allowing companies to utilize raised funds for overseas expansion and technology acquisition [4]. - Companies are encouraged to adopt a long-term perspective, focusing on enhancing competitiveness through technology upgrades and market expansion rather than short-term speculative gains [5].

Group 1 - The core viewpoint is that semiconductor manufacturing is experiencing price increases and growth in various sectors, particularly due to demand for AI and advanced technologies [1] Group 2 - SMIC has raised prices for its 8-inch BCD process platform by 10%, driven by strong demand in AI server power chips and other applications [1] - The smartwatch market is projected to grow by 7% in shipment volume by 2025, supported by AI integration, 5G capabilities, and upgrades in health features [1] - The automotive electronics sector, particularly ADAS and autonomous driving sensors, is expected to reach a market size of $61 billion by 2035, with China leading in sensor application volume [1] Group 3 - The Guotai ETF (589100) tracks the semiconductor index (000685), which has a daily price fluctuation limit of 20%, focusing on companies involved in the entire semiconductor industry chain [1] - The index reflects the overall performance of listed companies in the semiconductor sector, including materials, equipment, and design technologies [1]

Group 1 - The core point of the article highlights that Suoling Co., Ltd. has achieved a four-day consecutive limit-up in stock trading, indicating strong market interest and performance [1] - The stock reached a trading limit at 9:25 AM with a transaction volume of 73 million yuan and a turnover rate of 1.06% [1] - The controlling shareholder's concerted action participant, Tanghe Holdings, successfully bid for and purchased 37.5 million shares of the company, having fully paid the auction transaction amount [1] Group 2 - The company's business includes in-vehicle intelligent terminals and autonomous driving systems, linking it to developments in the smart driving sector [1]

Group 1 - Company Saimo Technology (02571) announced an investment agreement with Zhejiang Saimo Technology Co., Ltd., involving a total investment of RMB 120.9804 million, which includes both intellectual property and cash contributions [1] - The investment will allow the investors to acquire a total of 49% equity in the target company, with contributions from Shuxin Juhui Consulting and Chip Juhui Technology [1] - Following the capital increase, the registered capital of the target company will rise from RMB 10 million to RMB 19.6078 million, with the company and investors holding approximately 51% and 49% equity, respectively [1] Group 2 - The rapid development of intelligent connected vehicle technology has significantly increased the complexity of automotive electronic systems, making traditional physical testing methods inadequate [2] - To address this challenge, electronic digital twin technology has emerged, providing new solutions for the research, testing, and validation of automotive electronics through high-precision modeling and real-time simulation [2] - The company aims to strengthen its leading position in the intelligent automotive testing and validation sector by developing electronic digital twin technology and related products, enhancing its comprehensive automotive electronic simulation capabilities [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002920 证券简称：德赛西威 公告编号：2026-001 惠州市德赛西威汽车电子股份有限公司 关于筹划发行H股股票并在香港联合交易所有限公司 上市的提示性公告 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所股票上市规则》《境内企 业境外发行证券和上市管理试行办法》《香港联合交易所有限公司证券上市规则》等法律法规的要求， 待具体方案确定后，本次H股发行上市事项尚需提交公司董事会和股东会审议，并经中国证券监督管理 委员会备案和香港联交所、香港证券及期货事务监察委员会等监管机构审核和批准。本次H股发行上市 能否通过审议、备案和审核程序并最终实施具有较大不确定性。 公司将依据相关法律法规的要求，根据本次H股发行上市的后续进展情况及时履行信息披露义务，切实 保障公司及全体股东的合法权益。敬请广大投资者关注公司后续公告，注意投资风险。 特此公告。 惠州市德赛西威汽车电子股份有限公司 董事会 2026年1月6日 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 为进一步推进惠州市德赛西威汽车电子股 ...

证券日报网讯1月6日，德赛西威（002920）在互动平台回答投资者提问时表示，目前公司主要为销售汽 车电子产品，另外，公司在稳固核心主业根基的同时，积极把握市场机遇，前瞻性布局具有战略意义的 新产品与新业务领域。依托在汽车电子领域沉淀的核心技术与体系化能力，以及智能驾驶域控产品、传 感器、算法等方向的发展积累，公司持续开展机器人领域探索与研究，并已正式发布机器人智能基座 AICube，相关战略合作处于保密阶段，后续如有可公布的进展可留意公司官方发布的信息。 ...

Core Viewpoint - The company aims to integrate AI and other new technologies into its products to create differentiated advantages and enhance technological value [1] Group 1: Product Development - The company will increase R&D investment in acoustic signal processing, automotive electronics, and software algorithms [1] - Key focus areas include sound effect algorithms, noise reduction algorithms, tuning tools, and other new automotive electronic products [1] Group 2: Strategic Expansion - The company plans to broaden its layout in the acoustic field and extend its product line [1] - Strategic issues regarding product forms and industry layout will be addressed in the company's periodic reports and other announcements on the Shanghai Stock Exchange website [1]

（编辑 丛可心） 证券日报网1月6日讯 ，科博达在接受调研者提问时表示，科博达在完成捷克工厂收购后，稳步推进全 方位整合工作。目前，工厂已完成多条汽车电子相关产线的规划设计与铺设调试，生产布局持续优化， 供应链体系与公司全球业务网络实现高效协同；随着整合工作的深入推进，工厂已顺利实现部分核心产 品试生产，为公司进一步拓展欧洲及全球汽车电子市场、完善海外生产布局奠定基础。 ...