Core Viewpoint - The company, Lens Technology, has achieved steady growth in its performance in the first half of the year, driven by its multi-business layout and strategic focus on AI-driven hardware innovation [1] Financial Performance - The company reported a revenue of 32.96 billion yuan, representing a year-on-year increase of 14.18% - Net profit reached 1.194 billion yuan, up 35.53% year-on-year - Basic earnings per share were 0.23 yuan, reflecting a growth of 35.29% year-on-year - A cash dividend of 1 yuan per 10 shares is proposed, totaling approximately 526 million yuan [1] Business Segments Consumer Electronics - The consumer electronics segment, particularly smartphones and computers, generated revenue of 27.185 billion yuan, a year-on-year increase of 13.19% - The company has maintained its leading position in the market for glass, ceramics, sapphire, and metal components, successfully preparing for the production of several flagship smartphones [2] Automotive Business - The automotive segment achieved revenue of 3.165 billion yuan, growing by 16.45% year-on-year - Key products such as central control modules and smart charging piles have seen significant volume growth, with plans for capacity expansion based on customer demand [4] New Smart Devices - The company is actively expanding into new smart device sectors, including AR glasses and smartwatches, with revenue of 1.647 billion yuan, up 14.74% year-on-year - The company has made breakthroughs in core processes such as optical waveguide lens yield optimization and high-precision automated assembly [5][6] Emerging Intelligent Devices - Revenue from emerging intelligent devices reached 364 million yuan, a remarkable increase of 128.20% year-on-year - The company has made substantial progress in partnerships with leading companies in the field of embodied intelligence, focusing on high-end smart manufacturing solutions [7] Future Outlook - The company plans to deepen its vertical integration capabilities across materials, modules, and complete machines, aiming to capture opportunities in the AI-driven smart terminal industry upgrade [8]

从第一台个人电脑走向家庭，到智能手机重构社交与信息入口，再到物联网连接万物、AI渗透生活每 一角落——每一次技术跃迁，往往始于一次"展会集结"。 如今，在现实设备正逐步接入区块链的转折点上，Web3 世界也迎来了自己的"展会集结"时刻。DePIN Expo 2025，一场聚焦链上硬件、连接现实与加密的创新产业博览会，即将在今夏的香港正式登场。 CES：横跨半个世纪的全球科技产业风向标 自 1967 年创办以来，CES（Consumer Electronics Show，国际消费电子展） 一直是全球科技产业的风向 标，智能手机、平板电脑、物联网、可穿戴设备、智能家居、自动驾驶、AI语音助手……无数创新硬 件发布，以CES为迈向全球市场的起点。 不夸张地说，过去近60年间，每一次人类生活方式的改变，几乎都可以追溯到 CES 的某一次展出现 场。 CES 之所以重要，不仅因为它展示了新技术，更因为它定义了技术将如何真正改变世界。CES不仅是消 费电子行业的年度大考，更是预言未来生活形态的"现实样板间"。 从DePIN到MetaDePIN：硬件、数据与激励的价值重构 在过去的 Web3 世界里，我们谈论的是协议、资产 ...

Core Viewpoint - Luxshare Precision is advancing its acquisition of a portion of the equity and assets of subsidiaries from Wingtech Technology, with all preconditions for the transaction being met and the transfer procedures progressing smoothly [1] Group 1: Business Expansion and Profitability - Luxshare Precision's rapid development of new projects in the consumer electronics sector, alongside its strong profitability, is a critical growth direction beyond its major clients in consumer electronics, automotive, and communications [1] - The acquisition strategy of "internal growth + external mergers" is key to Luxshare's continuous expansion and vertical integration in the consumer electronics sector, enhancing its overall competitiveness [2] - The acquired companies possess mature R&D and manufacturing systems in the ODM and OEM fields for mobile phones, tablets, laptops, and small appliances, which will complement Luxshare's existing precision manufacturing capabilities [2] Group 2: Competitive Advantage and Market Position - The acquisition will significantly enhance Luxshare's ODM scale and competitiveness, as Wingtech holds over 20% market share in the global mobile ODM market, serving major brands like Samsung and Xiaomi [3] - Luxshare aims to leverage this acquisition to provide integrated ODM services to well-known clients, increasing customer loyalty and opening new markets for its electronic components and modules [3] - The company has diversified its product offerings across various categories, including AI-driven products, positioning itself to benefit from the upcoming wave of product innovation driven by generative AI [3] Group 3: Global Strategy and Operational Efficiency - Luxshare's acquisition of Wingtech's assets in India marks a significant step in its global strategy, with operations fully taken over as of July 2, 2025 [4] - The company aims to build a "manufacturing + technology" dual-driven global industrial ecosystem over the next three to five years, focusing on deep collaboration with global tech leaders and international cooperation on technology and standards [4] - Luxshare has established a global closed-loop system for "design-manufacturing-service," enhancing its capacity and supply chain resilience, which supports its expansion in consumer electronics and automotive sectors [5] Group 4: Risk Management and Resilience - The company has developed a robust global capacity layout, with established production bases and R&D centers in countries like Vietnam, India, Mexico, and Germany, enhancing its risk management capabilities [5] - Luxshare's strong risk resilience and optimized global capacity layout position it to benefit from the trend of concentration in the supply chain, allowing it to flexibly meet customer market demands [5] - The company is creating a more resilient business model that not only serves existing clients well but also opens up new customer opportunities, thereby creating new growth avenues [5]