公司揭示了导致业绩亏损的三点主要原因。首先，受市场需求波动影响，公司订单未达预期，直接导致 产能利用率处于较低水平。其次，公司正在进行战略性布局调整，主动优化了一些低毛利项目，这一过 程产生了库存报废及计提资产减值损失。最后，为了提升产品的长期竞争力，公司在研发费用上持续保 持较高投入，这也对当期净利润产生了一定影响。 时间拉回到一年多前，科森科技曾是资本市场的明星股。由于同时涉及固态电池和折叠屏两大热门概 念，其股价在2024年出现连续大涨，一度在十个交易日内连续涨停，但随后快速回落。 曾在2024年因"固态电池"概念在资本市场风光无两的科森科技（SH603626，股价20.60元，市值114.31 亿元），如今正面临经营层面的现实挑战。 1月11日晚间，科森科技发布公告，经公司财务部门初步测算，预计2025年度归属于上市公司股东的净 利润为负值，公司2025年度经营业绩将出现亏损。 对于亏损原因，公司归结为市场需求波动导致订单未达预期、战略性布局调整以及持续的研发高投入等 因素。 一年前，凭借与固态电池独角兽清陶能源的深度绑定，科森科技股价曾连续涨停。2025年度业绩预亏 公告显示，公司预计2025年度将 ...

Group 1 - The company, Zhihui Power, focuses on the research, production, and sales of functional components and structural parts for consumer electronics [2] - The company has established long-term and stable partnerships with major consumer electronics brands such as Samsung, Google, and OPPO [2] - As a first-tier supplier for Google, the company provides mobile-related functional components like thermal and conductive electronic devices through partners like Foxconn and Compal [2]

Core Viewpoint - Zhihui Power (300686.SZ) is primarily engaged in the research, development, production, and sales of functional components and structural parts for consumer electronics, establishing long-term and stable partnerships with major brands like Samsung, Google, and OPPO [1] Group 1: Company Overview - The company has been deeply involved in the consumer electronics sector for many years [1] - Zhihui Power serves as a first-tier supplier for Google, providing mobile-related functional components such as thermal and conductive electronic devices through partners like Foxconn and Compal [1] Group 2: Business Development - The company is currently collaborating with clients on the development of new product requirements, with specific details to be confirmed through company announcements [1]

Core Viewpoint - The company specializes in the research, development, production, and sales of functional components and structural parts for consumer electronics, establishing long-term partnerships with major brands like Samsung, Google, and OPPO [1] Group 1: Company Overview - The company has extensive experience in the consumer electronics sector, focusing on functional components and structural parts [1] - It serves as a primary supplier for Google, providing mobile-related functional components such as thermal and conductive electronic devices through partnerships with Foxconn and Compal Electronics [1] - The company is currently collaborating with clients on the development of new product requirements [1]

Core Viewpoint - The company, Zhihua Power (300686.SZ), is primarily engaged in the research, development, production, and sales of functional components and structural parts for consumer electronics, establishing long-term partnerships with major brands like Samsung, Google, and OPPO [1] Group 1: Company Overview - Zhihua Power has been deeply involved in the consumer electronics sector for many years [1] - The company serves as a first-tier supplier for Google, providing mobile-related functional components such as thermal and conductive electronic devices through partnerships with Foxconn and Compal Electronics [1] Group 2: Business Development - The company is currently collaborating with clients on the development of new product requirements, with specific details to be confirmed through company announcements [1]

Group 1 - The core point of the announcement is that Spring Autumn Electronics plans to acquire all shares of Asetek A/S through its wholly-owned subsidiary CQXA Holdings PTE. LTD, with a cash offer of 1.72 Danish Krone per share, totaling up to 547 million Danish Krone, approximately 598 million RMB [1] - The acquisition aims to strengthen business synergies and promote strategic transformation for Spring Autumn Electronics, leveraging Asetek's leading position in the desktop liquid cooling technology sector [3] Group 2 - Asetek, registered in Denmark, specializes in the development, design, production, and sales of high-performance desktop computer liquid cooling solutions and simulation racing game peripherals, with annual shipments of liquid cooling products ranging from 700,000 to 1 million units [2] - Asetek has faced operational pressure in recent years, with declining revenues from 2023 to September 2025, and a projected net loss of 2,394 million USD in 2024, primarily due to decreased procurement from major clients and high R&D and marketing costs in its nascent simulation racing peripherals business [2] - Asetek signed a two-year minimum procurement contract worth at least 35 million USD with a key customer in October 2025, expected to contribute to revenue and profit starting in the second quarter of 2026, potentially improving its financial situation [2] Group 3 - The acquisition will allow Spring Autumn Electronics to expand its product portfolio and market share, transitioning from electronic manufacturing to "electronics + liquid cooling solutions," while utilizing Asetek's established technology standards and global certifications to accelerate internationalization [3] - Post-acquisition, Asetek will be included in Spring Autumn Electronics' consolidated financial statements, and the company plans to explore synergies in product, technology, service, and channel aspects while maintaining independent operations [3]

11月24日，科森科技盘中上涨2.02%，截至14:02，报11.64元/股，成交2.19亿元，换手率3.48%，总市值 64.59亿元。 资金流向方面，主力资金净流入751.35万元，特大单买入608.60万元，占比2.78%，卖出584.71万元，占 比2.67%；大单买入3876.86万元，占比17.72%，卖出3149.39万元，占比14.40%。 资料显示，昆山科森科技股份有限公司位于江苏省昆山开发区新星南路155号，成立日期2010年12月1 日，上市日期2017年2月9日，公司主营业务涉及精密压铸、锻压、冲压、CNC、激光切割、激光焊 接、MIM、精密注塑等制造工艺、技术为基础,以精密模具设计、生产为支撑,为苹果、亚马逊、谷歌、 美敦力等国际、国内知名客户提供消费电子、医疗器械、汽车(含新能源汽车)、液晶面板、电子烟等终 端产品所需精密金属、塑胶结构件产品的研发、制造以及部分工艺服务。主营业务收入构成为：消费电 子产品结构件76.75%，新能源-储能业务10.58%，医疗手术器械结构件8.10%，其他精密金属结构件 3.33%，其他(补充)1.23%。 科森科技所属申万行业为：电子-消费电子-消 ...

Core Viewpoint - Kosen Technology's stock has experienced fluctuations, with a year-to-date increase of 61.92% but a recent decline in the last five and twenty trading days [1] Group 1: Company Overview - Kosen Technology Co., Ltd. was established on December 1, 2010, and went public on February 9, 2017 [2] - The company specializes in precision manufacturing processes including die casting, forging, stamping, CNC, laser cutting, laser welding, MIM, and precision injection molding [2] - Major clients include Apple, Amazon, Google, and Medtronic, providing precision metal and plastic components for consumer electronics, medical devices, automotive (including new energy vehicles), LCD panels, and electronic cigarettes [2] Group 2: Financial Performance - For the period from January to September 2025, Kosen Technology reported revenue of 2.453 billion yuan, a year-on-year decrease of 6.45%, while the net profit attributable to shareholders was -115 million yuan, reflecting a year-on-year increase of 50.94% [2] - The company's main revenue sources are: 76.75% from consumer electronics components, 10.58% from new energy-storage business, 8.10% from medical surgical instrument components, and 3.33% from other precision metal components [2] Group 3: Stock Performance and Market Activity - As of November 18, Kosen Technology's stock price was 12.63 yuan per share, with a market capitalization of 7.008 billion yuan [1] - The stock has been on the "龙虎榜" (a trading board for stocks with significant trading activity) 20 times this year, with the most recent appearance on September 22, where it recorded a net buy of 131 million yuan [1] - The stock has seen a trading volume of 53.78 million yuan on November 18, with a turnover rate of 0.76% [1] Group 4: Shareholder Information - As of September 30, the number of Kosen Technology's shareholders was 94,300, an increase of 27.57% from the previous period, while the average circulating shares per person decreased by 21.61% to 5,884 shares [2] Group 5: Dividend Information - Kosen Technology has distributed a total of 283 million yuan in dividends since its A-share listing, with 71.68 million yuan distributed over the past three years [3]

Core Insights - Kosen Technology's stock price increased by 2.05% on November 6, reaching 13.41 CNY per share, with a total market capitalization of 7.441 billion CNY [1] - The company has seen a year-to-date stock price increase of 71.92%, with a recent 5-day increase of 6.18% and a 20-day decrease of 5.16% [1] - Kosen Technology's main business includes precision die-casting, forging, stamping, CNC, laser cutting, and other manufacturing processes, serving major clients like Apple, Amazon, and Google [2] Financial Performance - For the first nine months of 2025, Kosen Technology reported revenue of 2.453 billion CNY, a year-on-year decrease of 6.45%, while the net profit attributable to shareholders was -115 million CNY, reflecting a 50.94% year-on-year increase [2] - The company has distributed a total of 283 million CNY in dividends since its A-share listing, with 71.68 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, Kosen Technology had 94,300 shareholders, an increase of 27.57% from the previous period, with an average of 5,884 circulating shares per shareholder, a decrease of 21.61% [2]

11月5日，科森科技盘中上涨2.12%，截至13:33，报13.03元/股，成交3.35亿元，换手率4.72%，总市值 72.30亿元。 资金流向方面，主力资金净流出338.99万元，特大单买入1172.80万元，占比3.50%，卖出1543.44万元， 占比4.61%；大单买入5956.19万元，占比17.79%，卖出5924.54万元，占比17.70%。 科森科技今年以来股价涨67.05%，近5个交易日涨1.56%，近20日跌9.89%，近60日涨45.59%。 今年以来科森科技已经20次登上龙虎榜，最近一次登上龙虎榜为9月22日，当日龙虎榜净买入1.31亿 元；买入总计3.56亿元 ，占总成交额比17.40%；卖出总计2.25亿元 ，占总成交额比11.01%。 资料显示，昆山科森科技股份有限公司位于江苏省昆山开发区新星南路155号，成立日期2010年12月1 日，上市日期2017年2月9日，公司主营业务涉及精密压铸、锻压、冲压、CNC、激光切割、激光焊 接、MIM、精密注塑等制造工艺、技术为基础,以精密模具设计、生产为支撑,为苹果、亚马逊、谷歌、 美敦力等国际、国内知名客户提供消费电子、医疗器械、汽车( ...