来源：新浪证券-红岸工作室 异动分析 AI眼镜+智能穿戴+福建自贸区+芯片概念+人工智能 1、2025年9月17日互动易：公司已有适用于AI眼镜的芯片，已出货至终端客户，也在与手机品牌、初 创潮牌、ODM、方案商等多类客户持续接洽与合作中。 2、2024年4月11日互动易：南京起跑线穿戴电子科技有限公司的卫星导航S10芯片特点主要是超低功 耗，主要应用于智能穿戴领域。 2024年半年度报告：本集团以现金参股方式投资了南京起跑线穿戴电 子科技有限公司，出资额为人民币 10,000,000.00 元，持股比例为 4%。 3、公司办公地址处于福建省厦门市同安区后詹路1号16层 4、星宸科技股份有限公司的主营业务是端边侧AISoC芯片的设计、研发及销售。公司的主要产品是智 能安防、智能物联、智能车载、其他IC、技术服务、其他。 5、2024年3月15日互动易：公司通过新一代AI处理器IP研发项目的建设，公司将大幅提升新一代AI处理 器IP的处理能力，对当前AI处理器进行全方位升级，优化更多算法算子效率，进一步减小内存带宽使 用，并高效支持公司最新AIISP算法，迅速精确兼容适配客户在不同定制场景下的算法选择，大幅提升 ...

新实际控制人付英波拥有丰富的行业资源、技术开发及企业管理经验，本次权益变动后，付英波将利用相关运营管理经验以及产业资源优势，积极赋能公 司产业进行迭代升级，提升公司产业竞争力，进一步提高公司的经营及管理效率。 资料显示，杭州中威电子股份有限公司的主营业务是视频监控系统设备的研发、生产和销售。公司的主要产品是智能安防、智能视频云平台等。 纵观近年业绩，中威电子已连续两年亏损，今年前三季度延续亏损态势。2022年至2024年，公司归母净利润分别为440万元、-7594万元、-6281万元。 12月11日晚间，中威电子（300270）发布公告称，公司实控人拟变更，控股股东仍为新乡产业基金壹号，公司实际控制人由新乡市人民政府变更为付英 波。公司股票将于2025年12月12日复牌。 具体来看，公司控股股东新乡产业基金壹号与济南君川签署了《有限合伙财产份额转让协议》，济南君川拟受让新乡产业基金所持新乡产业基金壹号合伙 企业55.00%财产份额并成为其有限合伙人，转让价款约3.54亿元。 济南萌睿思与公司第二大股东石旭刚、新乡产业基金壹号签署《股份转让协议》，拟受让公司1514.03万股股份，占公司总股本的5.00%，转让 ...

异动分析 AI眼镜+智能穿戴+福建自贸区+芯片概念+人工智能 来源：新浪证券-红岸工作室 12月9日，星宸科技涨0.22%，成交额3.84亿元，换手率3.49%，总市值246.83亿元。 1、2025年9月17日互动易：公司已有适用于AI眼镜的芯片，已出货至终端客户，也在与手机品牌、初 创潮牌、ODM、方案商等多类客户持续接洽与合作中。 2、2024年4月11日互动易：南京起跑线穿戴电子科技有限公司的卫星导航S10芯片特点主要是超低功 耗，主要应用于智能穿戴领域。 2024年半年度报告：本集团以现金参股方式投资了南京起跑线穿戴电 子科技有限公司，出资额为人民币 10,000,000.00 元，持股比例为 4%。 3、公司办公地址处于福建省厦门市同安区后詹路1号16层 4、星宸科技股份有限公司的主营业务是端边侧AISoC芯片的设计、研发及销售。公司的主要产品是智 能安防、智能物联、智能车载、其他IC、技术服务、其他。 技术面：筹码平均交易成本为60.20元 该股筹码平均交易成本为60.20元，近期该股有吸筹现象，但吸筹力度不强；目前股价靠近压力位 59.04，谨防压力位处回调，若突破压力位则可能会开启一波上涨行 ...

Core Viewpoint - Anker Innovations has submitted an application for listing on the Hong Kong Stock Exchange, with joint sponsors including China International Capital Corporation, Goldman Sachs, and JPMorgan Chase [1] Company Overview - Anker Innovations is a global smart hardware technology company focused on providing a wide range of reliable products and exceptional user experiences [1] - The company's product lines cover three main areas: smart charging and energy storage, smart home and innovation, and smart audio-visual [1] - Specific products include mobile charging, consumer-grade energy storage, smart security, smart cleaning, creative printing, smart audio, and smart projection [1]

据港交所12月2日披露，安克创新科技股份有限公司(以下简称：安克创新(300866.SZ))递表港交所主板，中金公司、高盛、摩根大通为其联席 保荐人。据招股书，安克创新是全球智能硬件科技行业极致创新产品的创造者，致力于为全球消费者提供多品类、值得信赖的产品和极致用 户体验。公司的产品覆盖三大产品线——智能充电储能、智能家居及创新和智能影音——产品范围广泛，涵盖移动充电、消费级储能、智能 安防、智能清洁、创意打印、智能音频以及智能投影等。 ...

据港交所12月2日披露，安克创新（300866）科技股份有限公司(以下简称：安克创新(300866.SZ))递表港交所主板，中金公司（601995）、高 盛、摩根大通为其联席保荐人。据招股书，安克创新是全球智能硬件科技行业极致创新产品的创造者，致力于为全球消费者提供多品类、值 得信赖的产品和极致用户体验。公司的产品覆盖三大产品线——智能充电储能、智能家居及创新和智能影音——产品范围广泛，涵盖移动充 电、消费级储能、智能安防、智能清洁、创意打印、智能音频以及智能投影等。 ...

Core Insights - The 2026 Beijing International Consumer Electronics Expo will take place from June 10 to 12, 2026, focusing on "full-scenario technology coverage, empowering global outbound" [2] - The expo will feature eight core exhibition areas, covering smart home, whole-home intelligence, low-altitude economy, artificial intelligence, outdoor intelligence, and pet technology, creating a comprehensive display platform for the consumer electronics industry [2][3] - The event aims to facilitate global resource linkage and international market expansion for participating companies [2] Exhibition Areas - The smart home area will showcase innovations in smart lighting, security, and kitchen products, addressing consumer needs for convenience in home life [2] - The whole-home intelligence area will highlight system integration and collaborative interaction, demonstrating an immersive smart living experience through unified control [2] - The low-altitude economy area will feature electric vertical takeoff and landing vehicles, drones, and low-altitude traffic management systems, exploring commercial applications in low-altitude travel and logistics [3] - The artificial intelligence area will focus on AI model deployment, multimodal interaction, and smart algorithms, showcasing products like AI smartphones and intelligent driving assistance systems [3] - The outdoor intelligence area will include portable energy storage, smart sports equipment, and environmental monitoring devices for outdoor activities [3] - The pet technology area will present smart wearables and health monitoring devices for pets, catering to the trend of refined pet care [3] Market Opportunities - The expo will provide a platform for 36,000 paid professional visitors and over 50 international purchasing groups, enabling efficient connections between exhibitors and global market demands [4] - The global consumer electronics market reached $1.2 trillion in 2025, with the Asia-Pacific region accounting for over 40%, indicating significant growth potential for participating companies [4] - The organizing committee is optimizing exhibition area functions and service systems to enhance synergy and resource aggregation, supporting companies in technology exchange, business cooperation, and brand internationalization [4]

Core Viewpoint - The company, Xingchen Technology, is engaged in the design, research, and sales of edge AI SoC chips, with a focus on applications in smart security, IoT, and automotive sectors. The company has shown growth in revenue and net profit, indicating a positive business trajectory in the semiconductor industry. Company Overview - Xingchen Technology is located in Xiamen, Fujian Province, and was established on December 21, 2017, with its public listing on March 28, 2024 [3][7] - The company's main business revenue composition is 99.93% from product sales and 0.07% from other income [7] - As of November 20, the number of shareholders is 29,900, a decrease of 1.87% from the previous period, with an average of 6,269 circulating shares per person, an increase of 1.91% [7] Financial Performance - For the period from January to September 2025, Xingchen Technology achieved a revenue of 2.166 billion yuan, representing a year-on-year growth of 19.50%, and a net profit attributable to shareholders of 202 million yuan, up 3.03% year-on-year [7] - The company has distributed a total of 126 million yuan in dividends since its A-share listing [8] Market Activity - On November 26, the stock price of Xingchen Technology decreased by 0.27%, with a trading volume of 273 million yuan and a turnover rate of 2.59%, resulting in a total market capitalization of 23.363 billion yuan [1] - The main capital inflow for the day was 14.2742 million yuan, accounting for 0.05% of the total, with the industry ranking at 36 out of 167 [4][5] Product Development - The company has developed chips suitable for AI glasses and has begun shipping to end customers, while also engaging with various clients including mobile brands and ODMs [2] - The company is investing in the development of a new generation AI processor IP, which aims to significantly enhance processing capabilities and optimize algorithm efficiency [3]

Core Viewpoint - Xingchen Technology (301536.SZ) has submitted an application for issuing overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange, with the application materials published on the same day [1]. Group 1: Listing and Shareholder Actions - The joint sponsors for Xingchen Technology's Hong Kong listing are China International Capital Corporation and CITIC Securities International [2]. - As of September 28, 2025, shareholders Kunqiao Capital and its concerted party Kunchen have completed their share reduction plan, selling a total of 9,616,632 shares, reducing their ownership to 3.8364% [2][3]. - The total cash generated from the share reduction between July 1, 2025, and September 28, 2025, is estimated to be between 563 million and 661 million yuan [2]. Group 2: Financial Performance - In 2022, Xingchen Technology reported a revenue of 2.368 billion yuan, down from 2.686 billion yuan in 2021, and a net profit of 564 million yuan, down from 754 million yuan in 2021 [6][7]. - For 2023, the company’s revenue decreased by 14.66% to 2.020 billion yuan, and net profit fell by 63.72% to 205 million yuan [6][7]. - In 2024, the company’s revenue increased by 16.49% to 2.354 billion yuan, and net profit rose by 25.18% to 256 million yuan [8]. - In the first half of 2025, revenue reached 1.403 billion yuan, an increase of 18.63%, while net profit decreased by 7.47% to 120 million yuan [9]. Group 3: Profitability and Margins - The gross margin for 2023 was reported to be declining, with the integrated circuit design segment showing a gross margin of 36.46%, down 4.54% year-on-year [10]. - In 2024, the overall gross margin was approximately 35.79%, a decrease of 0.67% compared to the previous year [11]. - For the first half of 2025, the gross margin for the smart security segment was 31.01%, down 2.57% year-on-year [12].

Core Viewpoint - The Guizhou Provincial Government has issued implementation opinions to promote high-quality development of service consumption, focusing on encouraging residential service consumption and collaboration among various service sectors [1] Group 1: Encouragement of Service Consumption - The government encourages property service companies to collaborate with elderly care, childcare, catering, and housekeeping businesses to develop a "property service + life service" model [1] - There is a push for property service companies to build and utilize smart property management service platforms, promoting new models such as smart security, intelligent parking, and smart access control [1] Group 2: Promotion of Local Brands - The initiative aims to create distinctive travel and living brands in Guizhou, enhancing both online and offline promotional efforts [1]