Group 1 - As of August 26, 2025, the stock price of Industrial Fulian closed at 45.48 yuan, down 5.25% from the previous trading day, with a trading volume of 10.208 billion yuan [1] - Industrial Fulian is a leading global electronic manufacturing services company, providing services in consumer electronics, communication equipment, and cloud computing, serving major tech giants like Apple and Huawei [1] - On the same day, the net outflow of main funds for Industrial Fulian was 1.206 billion yuan, with a cumulative net outflow of 4.314 billion yuan over the past five trading days [1]

瑞银分析师在一份研究报告中表示，陷入困境的英特尔(INTC.O)已显露出扭转局势的早期迹象，博通、 英伟达和苹果都对英特尔的产品表现出兴趣。分析师写道："如果美国政府推动这些公司更快地与英特 尔在代工服务上展开合作，那么乐观情景可能会实现。这可能是创建'美国半导体制造公司'更广泛努力 的一部分。"瑞银维持"一定程度的乐观"，认为英特尔股价有望升至每股40美元，但该行也指出"需要发 生很多事情"，且股价上行"将出现在更长的时间框架内"。 来源：视频滚动新闻 ...

Core Viewpoint - Daiwa's report indicates that Yue Yuen Industrial Holdings Limited (00551) experienced a 6.5% year-on-year growth in OEM revenue, driven by a 2% increase in average selling price and a 4.7% rise in shipment volume [1] Group 1: Financial Performance - The company's capacity utilization rate improved to 95% in the second quarter, but gross margin declined by 0.2 percentage points to 17.8% due to uneven production scheduling and rising labor costs [1] - Daiwa maintains a "Buy" rating for Yue Yuen, slightly lowering the target price from HKD 17 to HKD 16.5, while expressing caution regarding order volume for the second half of the year [1] - Earnings per share forecasts for 2025 to 2027 have been reduced by 3% to 7%, based on adjustments to shipment volume and gross margin expectations [1] Group 2: Future Outlook - Management has a conservative outlook for third-quarter orders, citing cautious ordering behavior from downstream customers due to unclear tariffs and weak demand [1] - A high single-digit year-on-year decline in shipment volume is anticipated for the third quarter, along with a projected decrease in gross margin [1] - Despite short-term uncertainties, the company emphasizes its commitment to expanding production in multiple regions and maintaining stable dividend distributions due to a robust balance sheet [1]