金吾财讯 | 招银国际研报指，京东方精电(00710)将于三月中旬公布2025年下半年/2025年业绩。该机构 预估其2025年收入/净利润为145.33亿/3.85亿港元（同比增长+8%/-3%），这意味着2025年下半年预计收 入/净利润为78.63亿/2.05亿港元（同比增长+8%/-10%），主要拖累因素包括国内去库存压力、越南/成 都新工厂良率以及系统业务盈利能力。 展望2026年，该机构看好京东方精电的盈利复苏，支撑因素包括海外份额提升、越南产能爬坡、成都工 厂及系统业务的利润率改善。考虑到2025年下半年盈利压力、更高的折旧成本以及系统业务利润率改善 较慢，该机构将2025-27年每股收益预测下调了5-7%。基于相同的14.0倍2026财年预估市盈率，该机构 将目标价调整至8.4港元（前值：8.84港元）。维持"买入"评级。 金吾财讯 | 招银国际研报指，京东方精电(00710)将于三月中旬公布2025年下半年/2025年业绩。该机构 预估其2025年收入/净利润为145.33亿/3.85亿港元（同比增长+8%/-3%），这意味着2025年下半年预计收 入/净利润为78.63亿/2.05亿港元（ ...

证券代码：300296 证券简称：利亚德 利亚德光电股份有限公司投资者关系活动记录表 编号：2026-01 | | ■特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关 | □媒体采访 | □业绩说明会 | | 系活动类 | □新闻发布会 | □路演活动 | | 别 | □现场参观 | | | | ■其他（电话会议） | | | 参与单位 | 连欣然 | 国信证券 | | 名称及人 | 黄礼悦 | 永赢基金 | | 员姓名 | | | | 时间 2026 | 年 2 月 26 日 10:30-11:30 | | | 地点 | 电话会 | | | 上市公司 | | | | 接待人员 | 刘阳 | 董事会秘书 | | 姓名 | 梁清筠 | 证券事务代表 | | | 本次调研以电话会议的方式举行，会议中，董秘刘阳总回答了投资者 | | | | 的提问，主要内容如下： | | | | 一、投资者提问： | | | 投资者关 | 1、公司2025年业绩扭亏为盈的主要因素有哪些？ | | | 系活动主 | 答：公司2024年净利润亏损主要原因是商誉及可辨认无形资产的减值，公 | | ...

业务进展情况 公司于2025年9月完成收购深圳市泰亨光电股份有限公司70%股份，以扩展LED显示屏产品线。后续整 合效果及对业绩的影响需持续关注。 财务状况 经济观察网 GQY视讯（300076）近期业绩预亏，并发生高管变动及业务整合。 业绩经营情况 公司于2026年1月30日发布业绩预告，预计2025年全年归属于上市公司股东的净利润亏损6000万元至 9000万元，营业收入预计为1.02亿元至1.44亿元。正式年报尚未发布，投资者可关注后续公告以获取详 细财务数据。 高管变动 2026年1月5日，公司聘任严一丹女士为新任董事会秘书，接替此前代理职务的荆毅民。这一变动可能影 响公司治理和信息披露。 登录新浪财经APP 搜索【信披】查看更多考评等级 2025年一季度财报显示公司盈利能力下滑，三费占营收比例达51.4%。尽管现金储备改善，但经营性现 金流为负，需留意后续改善情况。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - BOE, Apple's screen supplier, is facing production issues with OLED panels, leading to the transfer of millions of orders to Samsung Display [1] Group 1: Production Issues - BOE has not resolved production interruptions that occurred between November and December of last year, affecting the supply of OLED panels for iPhone models [1] - The production problems are attributed to certain process issues, resulting in the forced halt of some products [1] - The supply issues extend beyond the technically challenging iPhone 17 LTPO OLED panels to include previously stable LTPS OLED panels for iPhone 15 and 16, causing confusion in the industry [1] Group 2: Future Supply Efforts - BOE is working to ensure stable supply of OLED panels for the upcoming iPhone 17e model, which is scheduled for release in the first half of this year [1] - BOE is the supplier with the highest number of orders for iPhone 17e OLED panels among panel manufacturers [1]

【米兰冬奥会特别报道】 针对冬奥会转播存在的"雪地背景纹理单一、缺乏特征点导致视觉盲区"问题，中国企业研发的多模型融合算 法成功突破技术瓶颈。该技术已部署于米兰冬奥会10个核心竞赛场馆，覆盖高山滑雪、跳台滑雪和冰球等项 目。全球观众将在转播中看到更清晰的"子弹时间"定格画面及新增的"时间切片"特效，看清运动员在空中极 速翻转的完整轨迹。 来自中国企业的"智慧展台"亮相米兰冬奥会媒体中心。光明日报记者 王东摄/光明图片 中国科技产品对米兰冬奥会的贡献不止于此。 在冬奥会主新闻中心最显著的位置，有一个"智慧展台"，同样来自中国企业。几天前，国际奥委会主席考文 垂就是在这里宣布，国际奥委会基于中国企业的大模型，打造了奥运史上首个官方大模型。她还认为，米兰 冬奥会展现了奥林匹克运动的智能化未来。 据悉，这一源自中国企业千问的奥运官方大模型在专业赛务与公众服务双端同步落地。在赛务侧，国际奥委 会在其面向各国奥委会工作人员的网站上线了"国家奥委会AI助手"。代表团成员只需用母语提问，即可获取 从资格审核到后勤调度等各项问题的精准解答。这一应用有效消除了语言隔阂，提升了全球代表团的备赛协 同效率。 光明日报记者 王东 2月 ...

Group 1 - The Winter Olympics in Milan showcases numerous Chinese brands, highlighting China's sports development and cultural confidence [1] - Chinese snow sports equipment is gaining international recognition, with over 70% of carbon fiber ski poles used in competitions coming from Fujian-based company BIER [1] - Chinese companies like Anta, Li Ning, and Peak are prominently featured in the opening ceremony, generating significant social media engagement [1] Group 2 - The manufacturing upgrade is evident, with TCL providing ultra-high-definition screens that perform well in low temperatures, enhancing the viewing experience [2] - Alibaba Cloud, as a global Olympic partner, utilizes powerful computing and AI algorithms to create immersive viewing experiences for audiences [2] - Chinese companies are offering comprehensive, efficient solutions for the Olympics, contributing to innovation and smart development in various sectors [4] Group 3 - BYD's modern showroom in Milan attracts attention, reflecting the growing presence of Chinese electric vehicles in Europe, a key market for the automotive industry [4] - By 2025, China's electric vehicle exports are projected to reach 2.615 million units, indicating a doubling year-on-year and supporting the global automotive industry's green transition [4] - The Winter Olympics serves as a platform for Chinese brands to demonstrate their economic vitality and innovation to the world [4]

Core Insights - The 2026 Milan-Cortina Winter Olympics has showcased the increasing visibility and influence of Chinese companies in international high-end sports markets, driven by technological innovation and a robust domestic industry chain [1][7] Group 1: Company Participation - Xiamen Beier Fiber Products Co., Ltd. is a key supplier for the Winter Olympics, producing high-end carbon fiber and aluminum alloy ski poles, with a focus on creating the lightest and strongest products [3][4] - The company has reduced the weight of its ski poles from 63 grams per meter in 2010 to 48 grams currently, aiming for 45 grams in the future, which significantly impacts athletes' performance [3][4] - TCL is providing advanced display products for the Olympics, including hundreds of large-screen TVs and AI smart appliances for the Olympic Village, enhancing the viewing experience for athletes and spectators [6] Group 2: Industry Growth - The participation of Chinese companies in the Winter Olympics reflects a significant shift in the ice and snow sports equipment market, which was previously dominated by foreign brands [7][8] - The number of Chinese companies in the ice and snow equipment sector has increased from approximately 300 in 2015 to around 900 in 2023, with sales revenue growing from less than 5 billion to about 22 billion [7][8] - The successful hosting of the Beijing Winter Olympics has catalyzed the development of the domestic ice and snow industry, leading to increased R&D investment and technological advancements [7][8] Group 3: Technological Innovation - Alibaba Cloud is enhancing the Winter Olympics experience through its AI technology, which aims to eliminate the "digital divide" and improve coordination among global delegations [5] - The cloud infrastructure provided by Alibaba is crucial for managing logistics and transportation during the event, addressing unprecedented challenges due to the geographical spread of the venues [5]

Core Viewpoint - The company is focused on maximizing high-margin production in the MNT panel segment while monitoring market demand and potential expansion opportunities in the MNT market [2]. Group 1: Production Capacity and Market Demand - The company currently has sufficient production capacity for MNT light guide plates and will continue to monitor new market demand [2]. - The company aims to innovate its products, focusing on high-quality, reliable, and differentiated products for high-end models to enhance profitability [2]. Group 2: Long-term Market Strategy - The company is considering the long-term impacts of overseas capacity reductions and is evaluating plans to further expand its market share in the MNT segment [2].

Core Viewpoint - The company is progressing on its micro-cavity electronic paper display (MED) project, with key imported equipment arriving and installation phases underway [1] Group 1: Project Progress - The MED project is being implemented according to the planned schedule [1] - Core imported equipment has been delivered in batches and is currently being installed and debugged [1] - The first exposure machine is scheduled to be moved in on June 17, 2025 [1] Group 2: Construction Updates - The main structure of the new module workshop for the MED project, which is being constructed by the government, has reached its topping-out stage [1] - Initial imported equipment has been installed and is set to begin process debugging soon [1]

Investment Rating - The report maintains a "Buy" rating for BOE Technology Group Co., Ltd. (00710.HK) [5] Core Insights - BOE Technology Group is actively expanding its product offerings and international presence, recently launching the HERO 2.0 smart cockpit at CES 2026, which integrates AI technology to enhance audio-visual experiences, interaction methods, and application scenarios [1] - The company is also expanding its production capacity with the construction of the third phase of its Heyuan manufacturing base, expected to add over 10 million units of annual production capacity upon completion in December 2026 [2] - Revenue projections for 2025-2027 are approximately HKD 14 billion, HKD 15.5 billion, and HKD 17.5 billion, reflecting year-on-year growth of 4%, 10%, and 13% respectively, while net profit is expected to be HKD 3.7 billion, HKD 4.7 billion, and HKD 5.5 billion, with a slight decline in 2025 followed by growth in subsequent years [3][4] Financial Summary - For the fiscal year 2023, the company reported revenue of HKD 10.76 billion, with a projected increase to HKD 13.45 billion in 2024, and further growth to HKD 14.00 billion in 2025, representing a 0% growth in 2023 and 25% in 2024 [4][12] - The net profit for 2023 was HKD 475 million, with expectations of HKD 391 million in 2024 and a slight recovery to HKD 373 million in 2025, indicating a net profit margin of 4.4% in 2023, declining to 2.9% in 2024, and stabilizing around 3.0% in 2026 and 3.1% in 2027 [4][12] - The company's P/E ratios for 2025, 2026, and 2027 are projected to be 10.5x, 8.4x, and 7.2x respectively, indicating a favorable valuation trend [3][4]