"我们的客户直营占比逐年提高，2025财年上半年达到80%，已经建立起最高效的客户直达通道。"刘军说。 图为联想集团执行副总裁兼中国区总裁刘军。（联想集团提供） 非PC业务强势崛起，营收占比近半。刘军表示，非PC业务茁壮成长，占比已经从2017/18财年的不足20%，快速增长到现在的接近50%。这为联想中国区画 出了一条亮丽的第二增长曲线。其中，基础设施业务总收入在过去的两年半增长175%，联想服务器稳居市场第一阵营，并且是中国市场成长最快的AI基础 设施厂商。在AI解决方案与服务方面，擎天对内逐步深入赋能联想业务模式变革，对外成为方案服务业务拓展的"杀手锏"，带动联想登顶中国IT服务市场第 一名，且正不断拉大与第二名的差距。 转自：新华财经 新华财经北京11月24日电（记者王艳刚）联想集团执行副总裁兼中国区总裁刘军在联想中国群英会2025上表示，面对"人工智能+"时代新机遇，联想中国将 坚守"混合式AI加速中国智能化转型"使命，全力打造超强装备库，全面推进客户直营。 图为联想集团执行副总裁兼中国区总裁刘军。（联想集团提供） 数据显示，2025/26财年上半财年，联想中国区营收同比增长24%，创下财年上半年收 ...

Core Insights - The 2025 China-South Korea (Yancheng) Industrial Park Economic and Trade Cooperation Forum was held to explore economic cooperation and low-carbon development between the two countries [1][4] - The Yancheng Economic and Technological Development Zone has hosted numerous bilateral events since 2019, generating over 9 billion U.S. dollars in transaction value [4] - The development zone has attracted nearly 400 Korean-invested enterprises, with total investment exceeding 13 billion U.S. dollars, establishing itself as a key economic hub in the Yangtze River Delta [6][7] Economic Cooperation - The forum aimed to pave the way for openness and mutual benefit in economic relations between China and South Korea [1] - Practical outcomes from this year's forum are expected to set the stage for a new chapter in bilateral economic relations [4] Development Zone Initiatives - The Yancheng Economic and Technological Development Zone leverages national-level platforms to enhance its role as a distribution hub for Korean products entering China [5] - Functional facilities such as the China-ROK International Block and China-South Korea Business Hub have been established to support bilateral cooperation [9] Investment and Growth - The development zone has become a significant economic and trade hub, facilitating regional integration with South Korea and boosting global connectivity [7] - The zone is committed to building a Korean-inspired brand and positioning itself as a primary destination for industrial cooperation and innovation [8]

Core Viewpoint - CICC maintains Lenovo Group's target price at HKD 14.8 with an "outperform" rating, indicating a 52% upside potential, while keeping the earnings forecast for FY2026-2027 unchanged due to overall performance exceeding expectations [1] Group Performance - Lenovo's three major business groups and all regional markets achieved double-digit revenue growth [1] - AI-related revenue increased by 13 percentage points year-on-year to account for 30% of total revenue [1] - The operating profit margin has improved [1] Supply Chain Management - The company possesses strong risk absorption capabilities due to flexible supply chain management and long-term relationships with key component suppliers [1] - Lenovo has established a flexible pricing adjustment mechanism to cope with rising prices and supply shortages of core components [1] Future Outlook - Lenovo is confident in achieving double-digit year-on-year growth in PC revenue for the second half of FY2026 [1] - The AI infrastructure business is experiencing robust growth, with cloud infrastructure revenue reaching a historical high for the quarter [1] - AI server revenue also saw high double-digit growth [1]

Core Insights - The Hong Kong Technology ETF Tianhong (159128) has seen active trading with a turnover of 25.61% and a transaction volume of 174 million yuan as of November 21, 2025, while the tracked index, the National Index of Hong Kong Stock Connect Technology (987008), declined by 2.74% [1] - The ETF has experienced a significant growth in scale, increasing by 32.41 million yuan over the past week, reaching a new high of 740 million shares [1] - The ETF has attracted a total net inflow of 115 million yuan over the past six days, indicating strong investor interest [1] Product Highlights - The Hong Kong Technology ETF Tianhong (159128) tracks the National Index of Hong Kong Stock Connect Technology, focusing on 30 leading technology companies across high-growth sectors such as the internet, electronics, communications, biotechnology, and smart vehicles, characterized by high R&D investment, revenue growth, and liquidity [1] Valuation Insights - As of November 21, the price-to-earnings ratio (PE-TTM) of the National Index of Hong Kong Stock Connect Technology is 23.60, which is at a historical low, being in the 18.78% percentile over the past five years, indicating that it is lower than 81.22% of the time in the last five years [2] Market Trends - Major Hong Kong technology companies like Tencent and Xiaomi reported strong third-quarter results, with Tencent achieving double-digit growth in both revenue and net profit, driven by its AI strategy, while Xiaomi's electric vehicle and AI segments saw a revenue increase of 199.2% year-on-year, marking a significant milestone in profitability [3] - Southbound capital has seen a net inflow of over 1.36 trillion HKD this year, surpassing last year's total, with only 10 out of the last 60 trading days experiencing net outflows, indicating robust support for Hong Kong stocks [4] - Analysts from Shenwan Hongyuan Securities noted a shift in the AI sector from capital expenditure focus to prioritizing return on investment, with increased attention on cloud computing and internet companies due to their quick revenue realization and favorable valuations [4]

南财智讯11月24日电，顺络电子在投资者关系活动中表示，AI服务器（数据中心）是公司战略布局的 新兴市场之一，公司凭借小型化、高精度、高功率密度技术优势，为客户提供从一次电源到三次电源的 一整套产品解决方案。国产算力客户业务逐季稳步发展，海外重量级客户对ASIC芯片、CPU、GPU周 边的模块化电感需求快速增长。公司已覆盖国内头部服务器厂商及海外头部功率半导体模块厂商，AI 服务器相关订单饱满，业务实现快速增长，其中海外业务增长显著。 ...

高新技术成果交易会上，人形机器人、AI体测魔镜等"四川造"产品亮相，未来生活触手可及……回眸过去5年，四 川实施前沿科技攻坚计划，着力突破一批关键核心技术，推动科技创新和产业创新深度融合，促进传统产业焕新 升级……发展新质生产力的交响曲，正在巴蜀大地奏响。以新求变科技创新激活发展"原动力"今年秋天，"四川 造"人形机器人再迎新突破。9月24日，四川具身人形机器人科技有限公司推出最新产品——"天行者二号"，谈及 产品亮点，企业董事长冯振宇用了三个"更加"来概括——更加灵活、更加聪明、更加好用。"四川造"人形机器人 加速进化，背后是科技创新的力量。近年来，四川聚焦最有基础、最有优势、最需突破领域，系统谋划战略科技 力量建设，不断增强发展新质生产力的创新源头供给。布局攻关方向——实施前沿科技攻坚突破行动，全力推进 人工智能、航空航天、先进装备、生物制造、清洁能源、先进材料等重大科技专项，着力突破一批关键核心技 术。目前，四川已布局102个重大科技项目。明晰攻关路径——支持更多有能力、有意愿的龙头或链主企业发挥引 领作用，牵头组建高水平创新联合体，共同提出并承担重大科技项目。强化攻关保障——全力服务保障国家实验 室高 ...

天眼查App显示，近日，昆山市千灯镇亿沁辉电子经营部（个体工商户）成立，法定代表人为顾培菊， 注册资本5万人民币，经营范围为一般项目：电子产品销售；电子专用材料销售；电力电子元器件销 售；电子元器件批发；电子元器件零售；电子专用设备销售；集成电路销售；集成电路设计（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，嘉兴卓仑电子科技有限公司成立，法定代表人为胡云翔，注册资本100万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；移动通 信设备销售；通信设备销售；移动终端设备销售；电子产品销售；计算机软硬件及辅助设备零售；信息 技术咨询服务；互联网销售（除销售需要许可的商品）；计算机软硬件及辅助设备批发；信息咨询服务 （不含许可类信息咨询服务）；软件开发；家用电器零配件销售；农副产品销售；食用农产品零售；家 用电器销售；日用家电零售；数字文化创意内容应用服务；软件销售；数字技术服务（除依法须经批准 的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，苏州市吴中区星瑞恒电子经营部（个体工商户）成立，法定代表人为钟步兴， 注册资本5万人民币，经营范围为一般项目：电子元器件零售；电子产品销售；集成电路芯片及产品销 售；半导体器件专用设备销售；电力电子元器件销售；技术服务、技术开发、技术咨询、技术交流、技 术转让、技术推广；显示器件销售；太阳能热利用产品销售；智能仪器仪表销售；光通信设备销售；汽 车零配件零售；通信设备销售；移动通信设备销售；新能源汽车生产测试设备销售；新兴能源技术研 发；信息咨询服务（不含许可类信息咨询服务）；信息技术咨询服务；技术进出口；电子专用设备销 售；专用设备修理；电子、机械设备维护（不含特种设备）；工业机器人安装、维修；计算机及办公设 备维修；电子真空器件销售；家用电器安装服务；住宅水电安装维护服务；家具安装和维修服务；机械 零件、零部件销售；金属制品销售；电子元器件与机电组件设备销售；智能物料搬运装备销售；机械设 备销售；智能输配电及控制设备销售；普通机械设备安装服务；机械电气设备销售；塑料制品销售；汽 车装饰用品销售；消防器材销售；日用百货销售；家用电器销售；办公用品销售；劳动保护用品销售； 第二类医疗器械 ...

Core Insights - TE Connectivity (NYSE:TEL) is a significant player in the electronics industry, known for its innovative connectivity and sensor solutions, serving various sectors including automotive, industrial, and communications [1] - Truist Financial has set a new price target of $239 for TEL, indicating an 11.43% potential increase from its previous trading price of $214.49, reflecting a more conservative outlook compared to the previous target of $255 [1][5] Financial Performance - TEL is recognized for its high return on equity (ROE) and is categorized as a cash-rich company, making it attractive to investors seeking stability in volatile market conditions [2][5] - The stock's current price of $219.63 represents a 2.39% increase from its previous value, indicating growing investor confidence in TEL's financial health and growth prospects [2][5] Market Activity - Throughout the trading day, TEL's price fluctuated between a low of $213.68 and a high of $219.74, which is typical in the stock market [3] - Over the past year, TEL has experienced a high of $250.67 and a low of $116.30, showcasing its potential for significant price movements [3] Company Size and Interest - TE Connectivity has a market capitalization of approximately $64.61 billion, positioning it as a substantial player in the industry [4] - The trading volume of 901,635 shares indicates active interest in the stock, supporting its status as a favored choice among investors [4]