格隆汇12月30日丨共达电声(002655.SZ)在互动平台表示，公司专注在声学领域的发展，麦克风、喇叭 等产品均可使用在AI眼镜里面。 ...

根据美国国家公路交通安全管理局（NHTSA）发布的消息，现代汽车美国公司已提交召回申请，涉及 在美国市场销售的51587辆汽车。此次召回的主要原因是车辆存在两方面的安全隐患：一是拖车灯可能 无法正常工作，这会增加车辆在行驶中发生碰撞事故的风险；二是相关电路存在短路隐患，可能增加车 辆发生火灾的风险。（智通财经） 大公司： OPPO姜昱辰：正与支付宝进行深度合作，1月将官宣与另一重要伙伴的合作 36氪获悉，近日，关于OPPO已拒绝与字节跳动就"豆包AI手机"展开合作的市场传言，OPPO ColorOS智 慧产品研发总监姜昱辰明确否认了"拒绝合作"的说法，强调OPPO对任何合作均持开放态度，评估核心 仅在于"合适的合作契机"。她同时还透露，公司正与支付宝进行深度合作，并计划于明年1月官宣与另 一个重要伙伴的战略合作。 京东：七鲜小厨在北京已开出30家门店 36氪获悉，12月24日，京东黑板报消息称，京东旗下餐饮平台七鲜小厨自今年开出首店后，用4个月时 间便在北京开出30家门店，基本实现五环内主要城区全覆盖。 雷神电竞酒店签约门店突破200家，半年实现规模翻倍 36氪获悉，尚美数智酒店集团旗下生活方式品牌雷神电竞酒 ...

Core Viewpoint - The report from Everbright Securities indicates that the Hong Kong stock market is expected to experience a "Davis Double Play" in 2026, driven by valuation recovery, profit growth, and a return to main themes, particularly in the TMT sector [1] Group 1: Investment Strategy - The report establishes a framework of "Four AI Main Lines" to help investors navigate opportunities in the Hong Kong tech sector during the AI era [1] - It suggests a strategic investment rhythm of "computing power foundation → application blossoming → terminal and robotics realization" to select leading companies under each main line [1] Group 2: Main Line One - Internet Giants - AI is driving internet giants to shift from traffic competition to ecosystem capability competition, with cloud business capital expenditure doubling and advertising click-through rates increasing by 15%-20% due to AI [2] - Key investment focuses include Tencent Holdings, Alibaba-W, and Kuaishou, which are positioned to leverage AI for ecosystem development [2] Group 3: Main Line Two - AI Computing Power Industry Chain - Leading companies continue to exceed earnings expectations, with strong capital expenditure from cloud vendors and tight chip supply countering "bubble theories" [3] - The report identifies three areas of certainty: communication networking benefiting from global tech upgrades, semiconductor manufacturing for domestic substitution, and key equipment and materials for computing power upgrades [3] Group 4: Main Line Three - AI Applications - AI application investments are entering a phase where performance is critical, with clear signals of commercialization acceleration in SaaS, content ecosystems, and advertising [4] - The evolution of enterprise tools into "intelligent agents" is driving ARPU growth, while programmatic advertising is beginning to release profits [4] Group 5: Main Line Four - AI Hardware and Robotics - 2026 is projected to be a pivotal year for AI-defined hardware and the mass production of robots [5] - Major hardware manufacturers like Apple and Xiaomi are enhancing AI capabilities, while global tech giants are entering hardware sectors, revealing investment opportunities across the robotics supply chain [5] Group 6: Specific Investment Targets - Sunny Optical Technology: A global leader in mobile and automotive optics, with growth driven by increased project shares and rapid growth in automotive lenses/modules [6] - Lenovo Group: Holds the largest share in AIPC, with valuation catalysts pending from server business profitability and AIPC demand [6] - AAC Technologies: A platform company in acoustics, optics, and motors, with growth linked to A customer strategies and AI edge [7] - BYD Electronics: A leader in precision manufacturing, with growth contingent on Apple business performance and new automotive products [7] - Xiaomi Group: The "people-car-home + AI" strategy opens long-term growth potential, though short-term challenges exist [7]

近 日 获 悉 ， 华 研 慧 声 （ 苏 州 ） 电 子 科 技 有 限 公 司 获 得 苏 州 国 芯 科 技 股 份 有 限 公 司 （688262.SH）的新一轮战略投资。本次资金将重点用于加速车载主动降噪解决方案规划化 落地，以及推进AI声学算法及应用的研发。围绕多场景、个性化的智能座舱声学需求，构建 以"声学场景"为核心的AI智能声学系统，实现从算法模型到硬件系统的全链路升级。 作为国内领先的系统级车载声学解决方案提供商，华研慧声自成立以来，持续深耕汽车座舱空间声 学主动控制技术，以"3D主动降噪"和"空间沉浸音频"双轮驱动，以"海量数据+定制化算法"产品方 案，打造"无界声"声学品牌，逐步构建商业护城河。早在2022年，华研慧声已获得苏州国芯科技 Pre-A轮战略投资，双方由此开启在智能声学方向的深度协作，共同推动国产高性能车载音频DSP 芯片（CCD5001）研发及量产落地。 过去三年，华研慧声凭借持续的创新投入与扎实的客户服务，为上汽智己、奇瑞汽车、吉利汽车、 一汽集团、小鹏汽车、福特、大众等国内外优质OEM提供数十款车型开发。2024年6月，华研慧声 自主研发的RNC路噪主动降噪技术，作为 ...

本报讯(江岛宣)12月14日，2025声学创新发展大会暨"魏荣爵奖"颁奖活动在建邺区生态科技岛举行。江 岛声学产业园正式开园，南京大学—土星视界智能声纹校企联合研究中心、南京大学校友总会声学行业 校友会活动基地、南京大学物理学院实践育人基地等一系列高能级创新平台揭牌落地生态科技岛。 据介绍，江岛声学产业园以工业声学检测为起点，向智能音频、医学诊疗等领域延伸，聚力打通"实验 室到生产线"的转化通道，构建覆盖材料、设备、检测、智能应用的完整产业链，推动让更多科研成果 在生态科技岛落地生根、开花结果。到2030年，力争集聚优质企业超30家，产值突破30亿元，建成市级 以上研发机构3家，培育高新技术企业10家以上，打造具有核心竞争力的声学科技产业高地。 为了支持江岛声学产业园更好发展，生态科技岛系统推出"四个一"核心工程：以一流产业空间，打造集 群发展"引力场"；以一流人才高地，激活创新源头"活水池"；以一流专业设施，铸就科研攻关"强引 擎"；以一流政策供给，厚植企业成长"营养土"。 ...

因此，通过将黄鹂智能的智能通话降噪技术内核与公司的精湛声学硬件深度融合，合作产品将实现"说 得轻松，听得真切"的纯净体验，能有效解决复杂嘈杂环境下的音频使用痛点，满足国内外消费者对高 品质音频产品的需求。 近日，瀛通通讯(002861)与拥有全球领先"AI+DSP"灭噪收声核心技术的深圳黄鹂智能科技有限公司 （以下简称"黄鹂智能"）签署技术合作框架协议。此次合作，既是硬件制造与声学算法的一次完美邂 逅，更是双方核心优势的深度融合。 根据协议，公司和黄鹂智能将整合顶尖资源，在智能声学领域展开深度协同，共同致力于为全球用户打 造降噪性能卓越、听觉体验颠覆性的新一代声学产品，开启智能声学发展新征程。 优势互补，构建战略协同新格局 当前，随着远程办公、在线会议、移动娱乐等场景日益普及，用户对音频设备的降噪、收声性能提出更 高要求，高品质声学产品俨然成为市场刚需。此次双方开展战略合作，正是瞄准这一市场需求，以技术 创新为驱动，联合打造兼具极致降噪效果与出色音质的产品解决方案，通过优势互补构建战略协同新格 局。 瀛通通讯作为声学领域的资深企业，经过多年的深耕积累，已拥有深厚的声学制造功底、强大的供应链 体系与全球市场渠道 ...

Core Viewpoint - 瑞声科技 is positioning itself as a leader in the perception technology space, focusing on integrating sound, light, and touch to create high-quality user experiences through its "AAC Inside" branding strategy [25][28][30]. Group 1: Technological Innovations - 瑞声科技 showcased a series of innovative technologies and solutions in the consumer electronics and smart automotive sectors during the 2025 瑞声科技技术峰会 [4]. - The company is enhancing its capabilities in capturing and transmitting sound through MEMS microphones and speakers, which are its strongholds [6]. - 瑞声科技 has established a comprehensive high-end acoustic system solution by acquiring companies like PSS and 初光, significantly boosting its technical strength in both speaker and microphone domains [13][16]. Group 2: Strategic Partnerships - 瑞声科技 has collaborated with renowned audio brands such as Naim to create advanced audio systems, exemplified by the "Naim殿堂之声音响系统" featuring 40 independent channels and 32 speakers [11]. - The company is also in discussions with OpenAI regarding component supply, indicating its strategic positioning in the AI hardware landscape [7]. Group 3: Market Position and Growth - 瑞声科技's revenue for the first half of 2023 reached RMB 13.32 billion, reflecting an 18.4% year-on-year growth, driven by the rising demand for AI-enabled devices [29]. - The MEMS microphone business is expected to see over 50% revenue growth in 2025 compared to 2024, highlighting the company's strong market position [29]. Group 4: Future Vision - 瑞声科技 aims to redefine user experiences by transitioning from a component supplier to a provider of immersive experiences, with "AAC Inside" becoming synonymous with high-quality perception experiences [30]. - The company is committed to continuous investment in AI hardware and XR technologies, establishing a complete perception ecosystem [24][30].

Core Viewpoint - Dongguan is redefining its manufacturing identity by presenting itself as a "City of Manufacturing Aesthetics" at the 138th Canton Fair, signaling a shift from mere product output to value output in the manufacturing sector [1][2][5]. Group 1: Manufacturing Aesthetics Concept - The concept of "Manufacturing Aesthetics" was systematically introduced by Dongguan in 2024, focusing on six dimensions: design, craftsmanship, production, products, culture, and philosophy [1]. - This initiative aims to inject a more appealing "soul" into Dongguan's robust manufacturing "body," emphasizing the importance of aesthetics in manufacturing [1][6]. - Dongguan's participation in the Canton Fair represents a collective branding effort, showcasing a unified image that highlights the region's commitment to high-quality design and craftsmanship [2][3]. Group 2: Transformation of Dongguan's Manufacturing - Dongguan manufacturers are transitioning from being mere suppliers to solution providers, reflecting a fundamental change in how they present their products [3][4]. - The fair featured a significant increase in "specialized, refined, distinctive, and innovative" enterprises, indicating a shift towards high-quality, niche manufacturing [3]. - Companies are now focusing on creating comprehensive experiences rather than just showcasing individual products, as seen in the home furnishings and electronics sectors [4]. Group 3: Global Trade and Market Positioning - Dongguan's approach to "Manufacturing Aesthetics" is seen as a response to the evolving global trade landscape, positioning itself as a key player in high-quality development within China's manufacturing sector [2][5]. - The city is moving away from traditional labor-intensive industries and is exploring new avenues for brand development and technological innovation [5][6]. - Dongguan's practices illustrate a shift in the global value chain, as companies aim to enhance their positions by focusing on design, sustainability, and brand loyalty [6][7].

Core Insights - AAC Technologies (瑞声科技) reported a record revenue of RMB 13.32 billion for the first half of 2025, representing an 18.4% year-on-year growth [1] - The automotive acoustics segment generated RMB 1.74 billion in revenue, with a year-on-year increase of 14.2% and a gross margin of 23.9% [1] Group 1: Automotive Business Expansion - The company is extending its system integration capabilities from the mobile phone sector to the automotive industry, aiming to establish automotive acoustics as a significant growth driver [3] - Following the acquisition of PSS in 2024, AAC Technologies announced the acquisition of Hebei Chuguang Automotive Parts Co., which specializes in smart microphones and sensors, achieving over 55% market share in the domestic market and over 26% globally [3] - The automotive acoustics business now accounts for over 13% of the company's total revenue, with plans to expand from components to brand system products [3] Group 2: Strategic Partnerships and Product Development - AAC Technologies is collaborating with various automotive brands, including Zeekr and Xiaomi, to develop high-end in-car audio systems [1][3] - The company will showcase its full-stack automotive acoustic systems and other technologies at the upcoming Munich Auto Show, highlighting its commitment to innovation in the automotive sector [3] - Management indicated that through acquisitions, the company has quickly integrated into leading OEMs in Europe and China, becoming a Tier 1 supplier with stable revenue and gross margin growth [3]

Core Insights - 瑞声科技 reported a record revenue of RMB 13.32 billion for the first half of 2025, marking an 18.4% year-on-year increase [1] - The automotive acoustic business generated revenue of RMB 1.74 billion, with a year-on-year growth of 14.2% and a gross margin of 23.9% [1] Company Developments - 瑞声科技 is extending its system integration capabilities from the mobile sector to the automotive sector, positioning automotive as a second growth curve [3] - The company completed the acquisition of PSS in 2024 and announced the acquisition of Hebei Chuguang Automotive Parts Co., which specializes in smart microphones and sensors [3] - The new generation digital microphones have over 55% market share in China and more than 26% globally, serving multiple automotive clients [3] Product and Market Strategy - 瑞声科技 will showcase its full-stack automotive acoustic systems and other technologies at the upcoming Munich Auto Show [3] - The company has rapidly integrated into leading automotive manufacturers in Europe and China, becoming a TIER1 supplier [3] - The automotive acoustic business now accounts for over 13% of the company's total revenue, with plans to expand from components to brand system products [3]