Core Viewpoint - Eagle Precision (01286) has experienced a decline of over 5%, currently trading at 3.75 HKD, with a transaction volume of 10.97 million HKD. The company announced that approximately 40% of its products sold to the U.S. are subject to new tariffs, significantly impacting its business operations and profitability [1]. Group 1: Impact of U.S. Tariffs - The company reported that about 40% of its product value sold to the U.S. is under "Delivered Duty Paid" terms, meaning the company is responsible for shipping, customs clearance, and paying all applicable taxes and tariffs [1]. - Approximately 60% of the products included in this category are affected by the new tariff list, which imposes additional tariffs that exceed the company's gross margin [1]. - The imposition of these additional tariffs has made the company's supply chain commercially unviable and could potentially constitute a force majeure event [1]. Group 2: Financial Performance and Revenue - As of the end of last year, revenue from sales to the U.S. accounted for approximately 44.4% of the company's total revenue [1]. - The company is currently negotiating with customers regarding the potential transfer of the additional tariffs, making it difficult to assess the specific impact on its business and operations at this time [1]. - The company will continue to monitor the situation closely and will take appropriate measures to mitigate the impact of the additional tariffs on its business and operations [1].

Core Viewpoint - Eagle Precision (01286) has experienced a decline of over 5% in its stock price, attributed to the impact of new U.S. tariffs on its business operations and sales forecasts [1] Group 1: Business Impact - Approximately 40% of the products sold to the U.S. are under "Delivered Duty Paid" terms, meaning the company is responsible for shipping, customs clearance, and payment of all applicable taxes and tariffs [1] - About 60% of the products included in this category are subject to new tariffs, which are significantly higher than the company's gross profit margin, making the business commercially unviable [1] - The company's revenue from U.S. sales accounted for approximately 44.4% of total revenue as of the end of last year [1] Group 2: Future Actions - The company is currently negotiating to pass the additional tariffs onto customers, but it is unable to provide a specific assessment or calculation of the tariffs' impact at this time [1] - The company will continue to monitor the situation closely and will take appropriate measures to mitigate the impact of the additional tariffs on its business and operations [1]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for a main board listing [1] Group 1: Company Overview - The company is a global leader in precision manufacturing and innovative technology, providing integrated development and manufacturing solutions across various fields including consumer electronics, automotive electronics, and communication and data centers [1] - Luxshare's products are widely used in various scenarios, with projections indicating that by 2024, one in every two smartphones, one in every three wearable devices, and one in every five smart vehicles will utilize the company's products [1]

er in the th t a r t with p P t F 0 tilling the e r line 今年7月，立讯精密董事会审议通过了发行H股股票并在香港联交所主板上市的议案。公司表示，此次赴港上市旨在进一步拓宽融资渠道，增强国际资本市 场影响力，同时提升公司治理水平和全球化运营能力。 根据公告披露，本次H股发行募集的资金将主要用于扩大全球生产能力、升级智能制造设施、加大技术研发投入，以及投资上下游优质企业。其中，产能扩 建将重点满足消费电子、汽车电子等领域快速增长的市场需求；技术研发将聚焦智能制造、自动化生产等前沿领域；产业链投资则着眼于强化公司在关键领 域的垂直整合能力。 近年来，立讯精密的全球化战略成效显著。公司已在全球10余个国家和地区建立生产基地，形成了覆盖消费电子、汽车电子、通信设备等领域的多元化业务 格局。2024年财报显示，公司实现营收2687.95亿元，净利润133.66亿元，均保持两位数增长。2025年一季度业绩延续良好态势，营收和净利润同比增幅分别 达17.9%和23.17%，展现出强劲的发展韧性。 市场分析人士指出，赴港上市将有助于立讯精密进一步优化资本结构，提升国际品牌 ...

Core Viewpoint - Recently, Xibeicheng (Shanghai) Precision Manufacturing Co., Ltd. was established with a registered capital of 100,000 RMB, indicating a new player in the precision manufacturing sector in China [1] Company Summary - The legal representative of the company is Deng Liping, which may suggest a leadership structure focused on innovation and development in the manufacturing industry [1] - The company's business scope includes manufacturing electronic components and electromechanical assemblies, indicating a focus on high-tech and precision engineering [1] - Additional activities include processing mechanical parts, mold manufacturing, and production of plastic and metal products, showcasing a diverse manufacturing capability [1] - The company is also involved in the sale of various products including machinery, instruments, and electronic equipment, which may enhance its market reach and revenue potential [1] - The company offers technical services, development, consulting, and technology transfer, indicating a commitment to innovation and customer support [1]

Core Viewpoint - Jinwo Co., Ltd. (300984.SZ) reported a significant increase in revenue and net profit for the first half of 2025, driven by steady expansion in its core bearing ring business and strategic new businesses [1][2] Financial Performance - The company achieved a revenue of 614 million yuan, representing a year-on-year growth of 7.96% [1] - The net profit attributable to shareholders reached 25.47 million yuan, a substantial increase of 94.00% year-on-year [1] - The net profit after deducting non-recurring items was 23.34 million yuan, surging by 102.91% year-on-year [1] Business Segments - In the core bearing ring business, revenue was 587 million yuan, with a year-on-year growth of 8.29% and a gross margin increase of 0.7 percentage points to 14.29% [1] - The company serves as a key supplier to international bearing giants such as Schaeffler, SKF, and NSK, with a continuous increase in the proportion of high-end products [1] Strategic New Businesses - The strategic new businesses, particularly in screw components and insulated bearing rings, have shown initial success [1] - The screw component production line for nuts (excluding internal thread processing) has been completed, and the capacity construction for rollers and main screws is progressing smoothly [1] - The insulated bearing ring has achieved breakthroughs in research and is currently undergoing sample verification with customers in the new energy vehicle and industrial frequency conversion motor sectors, with technical parameters reaching international leading levels [1] Future Outlook - The company plans to accelerate the preparation for mass production of screw components and advance customer verification for insulated bearing rings in the second half of the year [2] - There is an intention to deepen strategic cooperation with international bearing companies, aiming to build a new growth engine in the precision manufacturing sector through the collaboration of three major business segments [2]

Group 1: Company Overview - The company focuses on Metal Injection Molding (MIM) technology, with applications in consumer electronics, automotive, and smart home sectors [1] - The company has established a strong client base, including major brands like Apple, Samsung, Xiaomi, Google, Schaeffler, and Magna [1] - The company has been recognized as a "National Manufacturing Single Champion Demonstration Enterprise" by the Ministry of Industry and Information Technology in November 2021 [1] Group 2: Market Trends and Opportunities - The market for foldable smartphones is projected to reach 19.8 million units by 2025, maintaining a market penetration rate of approximately 1.6% [1] - The growth rate for foldable smartphones is expected to increase by 40% to 60% year-on-year by 2026, driven by Apple's entry and new product launches [1] - The company is involved in both MIM components for foldable screens and hinge assembly for foldable smartphones, positioning itself to capitalize on industry trends [1] Group 3: Cooling Solutions and Market Growth - The data center cooling market is expected to reach $16.87 billion by 2028, with a compound annual growth rate (CAGR) of 18.4% [2] - Liquid cooling is anticipated to increase its market penetration from 17% in 2024 to 33% by 2028, outperforming air cooling in thermal efficiency [2] - The company is actively developing new products and projects in the cooling sector, focusing on energy storage and edge computing servers [2] Group 4: Financial Projections and Investment Outlook - Revenue projections for the company are estimated at 2.616 billion yuan, 3.264 billion yuan, and 3.921 billion yuan for the years 2025 to 2027, respectively [3] - The current price-to-earnings (PE) ratios are projected to be 40.23, 24.66, and 19.93 for the same years [3] - The company has initiated stock incentives and convertible bond financing, indicating a commitment to enhancing internal governance and competitive capabilities [3]

Group 1 - The core viewpoint of the report is that Jingyan Technology is well-positioned to benefit from the growth in the foldable screen and cooling business sectors, leading to a "buy" rating [1][6] - Jingyan Technology specializes in Metal Injection Molding (MIM) technology, with applications in consumer electronics, automotive, and smart home sectors, and has established a strong client base including major brands like Apple, Samsung, and Google [2][3] - The company has been recognized as a "National Manufacturing Single Champion Demonstration Enterprise" by the Ministry of Industry and Information Technology in 2021, highlighting its industry leadership in production capacity, revenue scale, product quality, and service [2] Group 2 - The foldable smartphone market is projected to reach 19.8 million units by 2025, with a market penetration rate of approximately 1.6%, indicating a stable growth outlook despite a slowdown in growth rates compared to previous years [3] - Jingyan Technology is involved in the foldable screen sector through its MIM components for foldable screen hinges and assembly services, positioning itself to capitalize on the anticipated market growth driven by Apple's entry into the foldable smartphone market [3] - The cooling market for data centers is expected to reach $16.87 billion by 2028, with a compound annual growth rate (CAGR) of 18.4%, driven by AI computing and high-density equipment demands [4] Group 3 - The company is actively developing new products and projects in the cooling sector, focusing on liquid cooling solutions which are expected to increase in market penetration from 17% in 2024 to 33% by 2028 [4] - Jingyan Technology is enhancing its product offerings by integrating advanced materials and 3D printing technology, which improves the performance of its cooling products [4] - Revenue forecasts for Jingyan Technology are projected to reach 2.616 billion yuan, 3.264 billion yuan, and 3.921 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 40.23, 24.66, and 19.93 [6]

Core Viewpoint - Zhaoqing Kesen Precision Manufacturing Co., Ltd. has been established with a registered capital of 300,000 RMB, indicating a new player in the manufacturing sector focusing on various products including hardware, sanitary ware, and smart home devices [1] Company Summary - The registered capital of Zhaoqing Kesen Precision Manufacturing Co., Ltd. is 300,000 RMB [1] - The company operates in multiple manufacturing sectors including hardware products, sanitary ware, and home appliances [1] - The company is involved in both manufacturing and sales of its products, which include glass fiber products and smart home consumer devices [1] Industry Summary - The company’s business scope includes the manufacturing and sales of hardware products, sanitary ware, glass fiber products, home appliances, and furniture [1] - The company also engages in research and development activities for its product lines, indicating a focus on innovation [1] - The establishment of this company reflects ongoing growth and diversification in the manufacturing industry, particularly in smart home technology and artificial intelligence applications [1]

Group 1 - A new company named MaGong Precision Manufacturing (Shanghai) Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Ma Ben [1] - The business scope includes various manufacturing and processing activities such as mold manufacturing, mechanical parts processing, and metal tools manufacturing [1] Group 2 - The company is also involved in the sales of hardware products, metal products, and machinery equipment [1] - Additional services offered include technology import and export, technical consulting, and professional design services [1] - The company is permitted to conduct business activities autonomously based on its business license, except for projects that require approval [1]