11月21日，上声电子跌2.69%，成交额3462.70万元。两融数据显示，当日上声电子获融资买入额572.34 万元，融资偿还540.08万元，融资净买入32.26万元。截至11月21日，上声电子融资融券余额合计1.05亿 元。 分红方面，上声电子A股上市后累计派现1.71亿元。近三年，累计派现1.52亿元。 机构持仓方面，截止2025年9月30日，上声电子十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股103.77万股，为新进股东。中欧永裕混合A（001306）位居第九大流通股东，持股35.00万 股，为新进股东。易方达新丝路混合（001373）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，苏州上声电子股份有限公司位于江苏省苏州市相城区元和街道科技园中创路333号，成立日 期1992年6月27日，上市日期2021年4月19日，公司主营业务涉及声学产品、系统方案及相关算法的研发 设计。主营业务收入构成为：扬声器76.94%，功放17.43%，AVAS4.41%，技术服务费0.57%，其他 0.46%，模具0.19%。 截至9月30日，上声电子股东户数9221.00，较上期增加28.00 ...

Group 1 - The company emphasizes the importance of developing in the AI frontier field [2] - The acoustic module developed by the company can be applied to the acoustic part of robots [2] - Currently, the company has not yet mass-produced the robotic acoustic module [2] Group 2 - The company will disclose progress to investors if the business volume reaches the information disclosure standards [2]

Core Viewpoint - The company emphasizes the importance of developing in the AI frontier, particularly in the application of its acoustic modules for robotics, although it has not yet achieved mass production of these modules [1]. Group 1 - The company is focusing on advancements in the AI sector [1] - The company's acoustic modules are designed for use in the acoustic components of robots [1] - Currently, the company has not yet initiated mass production of its robotic acoustic modules [1]

Core Insights - AAC Technologies (2018.HK) reported a record high revenue of RMB 13.32 billion for the first half of 2025, representing an 18.4% year-on-year growth [1] - Net profit surged by 63.1% to RMB 876 million, driven by improved profitability in the optical business and rapid growth in precision components [1] - The acoustic business showed steady growth with a revenue of RMB 3.52 billion, a 1.8% increase year-on-year, and a gross margin of 27.2% [1] Revenue and Profitability - The company achieved a record revenue of RMB 13.32 billion in the first half of 2025, marking an 18.4% increase compared to the previous year [1] - Net profit increased significantly by 63.1% to RMB 876 million, attributed to the enhanced profitability of the optical business and the rapid growth of precision components [1] Acoustic Business Performance - The acoustic segment generated revenue of RMB 3.52 billion, reflecting a 1.8% year-on-year growth, with an expected increase in gross margin due to the launch of more mid-to-high-end projects in the second half of the year [1] - The company introduced innovative acoustic products, including the industry-first Master-level coaxial symmetrical dual speaker, which was featured in the Redmi K80 Supreme Edition, enhancing bass and high-frequency details [1] Product Innovation - AAC Technologies launched several innovative acoustic products, including the industry's thinnest speaker at only 1.4mm thick, used in the OPPO Find N5 [1] - The company continues to integrate advanced hardware design, intelligent algorithms, and professional tuning services to meet the complex acoustic application needs of smart devices [2] Future Outlook - The management indicated that the acoustic gross margin is expected to steadily improve in the second half of the year, maintaining a level not lower than the previous year's 30.2% [2]

Core Viewpoint - The company, Suzhou Aosheng Electronics Co., Ltd., has shown a mixed performance in terms of financing and stockholder dynamics, with a notable increase in revenue but a significant decline in net profit [1][2]. Financing Summary - On August 26, Aosheng Electronics had a financing buy-in amount of 11.51 million yuan, with a net financing buy of 3.26 million yuan, resulting in a total financing and securities balance of 102 million yuan [1]. - The current financing balance of 102 million yuan accounts for 2.14% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1]. - There were no shares sold or repaid in the securities lending market on August 26, with a securities lending balance of 0, which is above the 70th percentile level over the past year, indicating a high level of securities lending [1]. Company Performance Summary - As of March 31, the number of shareholders increased by 4.22% to 7,071, while the average circulating shares per person decreased by 4.04% to 23,030 shares [2]. - For the first quarter of 2025, Aosheng Electronics reported a revenue of 636 million yuan, reflecting a year-on-year growth of 6.4%, but the net profit attributable to shareholders decreased by 53.27% to 27.33 million yuan [2]. - Since its A-share listing, the company has distributed a total of 171 million yuan in dividends, with 152 million yuan distributed over the past three years [2]. Shareholder Dynamics Summary - As of March 31, 2025, the sixth largest circulating shareholder is E Fund New Silk Road Mixed Fund, holding 767,200 shares as a new shareholder [2]. - The seventh largest circulating shareholder, Southern Science and Technology Innovation Board 3-Year Open Mixed Fund, reduced its holdings by 485,100 shares to 762,500 shares [2]. - Several funds, including China Europe Value Discovery Mixed A and China Europe Potential Value Flexible Allocation Mixed A, have exited the top ten circulating shareholders list [2].

Core Viewpoint - The company has not yet engaged in the complete human-shaped robot business but is closely monitoring technological trends and market opportunities in this field [1] Group 1: Company Strategy - The company recognizes acoustic technology as a fundamental technology for human-robot interaction in new product forms such as humanoid robots [1] - The company plans to leverage its technological accumulation and resource advantages to actively advance strategic layout, technological research and development, and capability reserves in the humanoid robot sector [1] - The company aims to better respond to industry development and market demand through its initiatives in the humanoid robot field [1]

Core Viewpoint - The company has not yet engaged in the humanoid robot complete machine business but is closely monitoring technological trends and market opportunities in this field [1] Group 1: Company Strategy - The company emphasizes that acoustic technology is a fundamental technology for human-machine interaction in new product forms such as humanoid robots [1] - The company plans to leverage its technological accumulation and resource advantages to actively advance strategic layout, technological research and development, and capability reserves in the humanoid robot sector [1] - The company aims to better respond to industry development and market demand through these initiatives [1]