人民财讯12月25日电，上海市人民政府印发《关于支持长三角G60科创走廊策源地建设的若干措施》， 措施提出，围绕产业链关键环节，加快创新平台建设和技术研发布局。引育智能终端产品及关键零部件 制造等重点项目，按照规定分阶段给予不超过总投入15%、最高5000万元的经费支持。支持企业在商用 密码应用、自主软硬件产品研发等领域加大投入，按照规定给予不超过总投入30%、最高1000万元的经 费支持。 ...

格隆汇12月15日丨龙旗科技(603341.SH)公布，为持续深化公司"1+2+X"产品战略，加强研发投入和产品 创新，以人工智能为创新驱动力，加速公司在AI+智能终端的产品布局，增强公司的核心竞争力，提升 公司可持续发展能力，南昌龙旗信息技术有限公司（简称"南昌龙旗"）拟使用自有或自筹资金投资约15 亿元建设龙旗南昌高新区AI+智能终端数字标杆工厂项目。公司通过全资子公司上海龙旗信息技术有限 公司持有南昌龙旗100%股权。 ...

Core Viewpoint - Longqi Technology (603341.SH) announced an investment of approximately 1.5 billion yuan to establish an AI + smart terminal digital benchmark factory in Nanchang, aimed at producing and researching mobile smart terminals such as laptops and smart glasses [1] Group 1 - The investment is based on the company's strategic development needs and its judgment on the industry's market prospects [1] - The project is currently in the initial preparation stage, with an expected construction period of 24 months [1] - There is a certain level of uncertainty regarding future operational efficiency [1]

目前，郑州国际陆港已实现常态化运营。图为中欧班列（郑州）集结中心大型龙门吊作业场景。 河南日报社 全媒体记者 徐聪 摄 卢森堡货航将货物平稳运抵郑州。资料图片 记者 孔昊 摄 中央经济工作会议指出，纵深推进全国统一大市场建设。 "九州腹地、十省通衢"，作为国家的大腹地、大枢纽、大市场，河南着力建设全国统一大市场循环枢纽、国 内国际市场双循环支点，建强枢纽经济，发挥支点效应，融入服务全国统一大市场建设工作取得明显成效， 物流、人流、资金流、信息流加速汇聚，在枢纽经济"流量"的赛道上奋勇争先。 既有流量怎么用？各种流量如何"留"？更多流量从哪儿来？带着一系列"流量之问"，记者来到郑州航空港经 济综合实验区探寻答案。 探秘流量高地 作为一家具有国际影响力的企业，富士康的生产原料来自世界各地，产品也销往全球市场，需要极为便捷的 跨国物流通道。 12月12日，在郑州多式联运数据服务中心的大屏上，航空公司、货运代理、卡车公司等超过450家企业的相关 数据一目了然，大数据让产业链上下游环节实现"无缝衔接"。 "企业通过平台不仅可一站式完成收运、安检、报关等操作，平均每年还能节省纸质单证超过200万份，运营 与时间成本大幅降 ...

证券日报网12月12日讯 兆驰股份（002429）在12月10日回答调研者提问时表示，公司目前越南工厂产 能已完全释放，具有1100万台/年的生产能力。作为公司智能终端业务的核心组成部分，其可以有效降 低贸易波动带来的经营风险，并满足北美、欧洲、东盟等海外市场需求，缩短交付周期、优化物流成 本，进一步夯实公司全球化布局的稳定性与竞争力。规划上，越南工厂将成为公司全球供应体系主要生 产制造支柱之一。后续公司将进一步进行产线优化与智能化改造，支持智能终端业务的规模化增长和利 润层面的改良，并与国内产能形成互补，助力公司智能终端业务的可持续发展。 ...

筹划重要收购，完成AI 硬件赛道全面布局。2025 年12 月10 日，公司与吕松寿LEU，SONG-SHOW 签 订股权收购意向协议，拟以现金及其他合法方式购买其拥有的PMG International Co.,LTD.（裴美高国际 有限公司）100%股权，进而获得元拾科技95.12%股权。通过此次收购，公司将快速获得国内外特定客 户服务器机柜业务（涵盖机架、滑轨、托盘、Busbar 等组件）的成熟技术及客户认证，以及先进液冷 散热系统集成能力。这将与公司自身强大的精密结构件与"材料-模组-整机"垂直整合能力形成深度互补 协同，使得公司能够提供从核心部件到散热系统的更完整AI 硬件解决方案，大幅增强核心竞争力，为 公司开拓AI 算力基础设施新赛道、加速向全球AI 硬件创新平台转型注入强劲动能。 盈利预测与投资建议：公司作为智能终端全产业链一站式精密制造解决方案提供商，一方面具备以结构 件及功能模组核心技术为支撑的产业化能力体系，另一方面具备全产业链垂直整合能力，未来将深度受 益AI 技术发展，各条业务线预计全面增长。我们预计公司在2025/2026/2027 年分别实现营业收入 920/1164/1397 ...

Core Viewpoint - The company has acknowledged its capability to produce smart terminal products that include eSIM functionality, indicating a focus on advanced technology integration in its offerings [1] Group 1 - The company received inquiries from investors regarding its capabilities in manufacturing eSIM and WiFi 7 terminal products [1] - The company confirmed that some of its smart terminal products currently feature eSIM functionality [1]

Core Viewpoint - Haitong International's report indicates that Lens Technology, as a leading platform in the smart terminal industry chain, is set to benefit significantly from the innovation cycle of major clients, with high visibility in business and expected accelerated growth in the next three years [1] Group 1: Business Growth Potential - The smartphone and computer sectors are expected to benefit from the innovation cycle of major clients, leading to high business visibility and accelerated growth [1] - Strategic innovation in the smart automotive and cockpit sectors, particularly with the upcoming release of ultra-thin automotive laminated glass, is anticipated to drive growth [1] - The company is expected to see accelerated growth in business over the next two years, with profit growth outpacing revenue growth [1] Group 2: Financial Projections - Revenue projections for Lens Technology are estimated at 87.407 billion, 110.547 billion, and 133.141 billion yuan for the years 2025, 2026, and 2027 respectively [1] - The projected net profit attributable to shareholders is expected to be 4.785 billion, 6.801 billion, and 8.362 billion yuan for the same years [1] Group 3: Market Position and Valuation - The company is positioned to benefit from the core AR market in smart headsets and wearables, awaiting an industry explosion [1] - A price-to-earnings ratio of 26 times is assigned for 2026, leading to a target price of 36.5 HKD, indicating a potential upside of 46.7% [1] - The report initiates coverage with an "outperform the market" rating for Lens Technology [1]

Core Viewpoint - The company reported strong financial performance in Q3 2025, with significant year-on-year growth in revenue and net profit, while also strategically positioning itself in high-growth sectors [1][2] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 53.663 billion yuan, a year-on-year increase of 16.08%, and a net profit attributable to shareholders of 2.843 billion yuan, up 19.91% [1] - In Q3 2025, the company recorded revenue of 20.702 billion yuan, representing a year-on-year growth of 19.25% and a quarter-on-quarter increase of 30.23% [1] - The net profit for Q3 2025 was 1.7 billion yuan, showing a year-on-year increase of 12.62% and a substantial quarter-on-quarter growth of 138.20% [1] - The gross margin was 19.09%, down 2.34 percentage points year-on-year but up 3.34 percentage points quarter-on-quarter [1] - The net profit margin was 7.72%, reflecting a quarter-on-quarter increase of 3.06 percentage points [1] Strategic Positioning - The company is a leading provider of precision manufacturing solutions across the entire smart terminal industry chain, with a focus on high-growth sectors [1] - In consumer electronics, the company has strengthened its market position in various materials and components, achieving rapid market share growth in high-end smartphone models [1] - In the smart automotive sector, the company is enhancing its product matrix and has achieved batch delivery of key products, with plans for significant production capacity in automotive glass [1] - The company has made breakthroughs in smart wearables, successfully delivering AI glasses and collaborating with leading global wearable companies [1] - In other smart terminal areas, the company has made substantial progress in partnerships and has seen significant revenue growth in smart retail products [1][2] Margin Outlook - The slight decline in gross margin is attributed to a strategic shift in business structure, with an increased focus on lower-margin assembly operations [2] - The company anticipates that as new products enter a cycle of innovation, the overall gross margin will improve due to the introduction of new materials and processes [2] Profit Forecast - The company is expected to achieve net profits of 4.818 billion yuan, 6.696 billion yuan, and 8.192 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 32.43, 23.33, and 19.07 [2]

Core Insights - The development of the digital economy and the demand for supercomputing power present significant opportunities, with addressing issues like insufficient computing power and long processing times being crucial for industry breakthroughs [1][3] - The "15th Five-Year Plan" emphasizes the need for advanced infrastructure, including integrated computing networks and efficient utilization of technology [1][4] Group 1: Computing Power Industry - The Yangtze 3D Scientific Computing Center, a core project of the Xianggan Computing Power Industrial Park with a total investment of 11.2 billion yuan, has provided services to over 200 top scientists and innovation teams globally since its operation [3][4] - The center's computing power exceeds traditional supercomputing centers by over 100 times, while its energy consumption is only 1/150 of those centers, effectively addressing the industry's challenges [3][4] - The center has secured computing orders exceeding 100 million yuan, supporting significant computational tasks in fields such as biomedicine and advanced manufacturing [3][4] Group 2: High-tech Enterprises in Xianggan - Xianggan High-tech Zone has developed two main industrial clusters: optoelectronic information and high-end equipment manufacturing, fostering a "2+2+2" industrial system with emerging high-tech companies [2][5] - The zone has nurtured 265 high-tech enterprises, including 106 provincial-level "specialized, refined, and innovative" companies, and has received multiple national recognitions for its industrial clusters [5][6] - Huagong Gaoli, a leading player in the global sensor market, has achieved significant advancements in PTC heater technology for electric vehicles, enhancing power density by 30% and reducing size by 10% [6][7] Group 3: Future Developments - The Yangtze 3D Scientific Computing Center is set to expand to a scale of 100 machines, with the project expected to commence in April 2024, further solidifying Xianggan's position as a global hub for scientific computing [4][5] - Yinglian Technology, established in Xianggan, aims to increase its production capacity significantly by 2027, targeting an output value exceeding 10 billion yuan [7]