炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 4千亿果链巨头，紧急公告澄清 记者丨李益文 编辑丨叶映橙 21财经《辟谣财知道》注意到，1月3日晚，"果链"龙头立讯精密（002475.SZ）在其微信公众号发布《关于近期不实传闻的澄清说明》。 立讯精密称，近日，市场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。公司特此说明：目前公司核心业务推进有序，按计划正常开展，不 存在影响公司正常经营与发展的异常情况。 据媒体此前报道，有供应链消息称，OpenAI首款AI终端硬件产品原本计划交由供应链标杆企业立讯精密代工，转而独家委托鸿海代工生产。该产品终端 应用形态可能为智能笔或便携式音频设备，目前已进入新品设计阶段，计划于2026年或2027年推出。 更早之前9月份，OpenAI被曝已与立讯精密签署协议，共同开发消费级AI硬件设备，立讯精密将负责至少一款产品的组装。据了解，该款设备目前仍处于 原型开发阶段，预计能与OpenAI的人工智能模型深度协作。 受此消息影响，立讯精密总市值一度突破5000亿元。 在澄清说明中，立讯精密称，公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的 ...

Core Viewpoint - Recent rumors regarding Lixun Precision (立讯精密) have been clarified by the company, stating that its core business operations are proceeding as planned without any abnormal situations affecting its normal operations [1][3]. Group 1: Business Operations - Lixun Precision emphasizes that its core business is progressing smoothly and is on track, with no disruptions to its operations [1]. - The company has a strong vertical integration capability in high-end consumer electronics and smart terminal sectors, supported by mature product engineering and mass production experience [3]. Group 2: Strategic Developments - The company is expanding its automotive segment, focusing on core components such as wiring harnesses and connectors, and has recently completed an acquisition of Germany's Leoni to enhance its global production capacity [4]. - Lixun Precision plans to increase strategic investments in emerging fields such as AI hardware, data center interconnectivity, thermal management, smart vehicles, and robotics [4]. Group 3: Financial Performance - The company forecasts a net profit attributable to shareholders of between 16.518 billion and 17.186 billion yuan for 2025, representing a year-on-year growth of 23.59% to 28.59% [4]. - As of December 31, 2025, Lixun Precision's stock price was reported at 56.71 yuan per share, with a market capitalization of 413.2 billion yuan [5].

21财经《辟谣财知道》注意到，1月3日晚，"果链"龙头立讯精密（002475.SZ）在其微信公众号发布《关于近期不实传闻的澄清说明》。 立讯精密称，近日，市场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。公司特此说明：目前公司核心业务推进有序，按计划正常开展，不存 在影响公司正常经营与发展的异常情况。 据媒体此前报道，有供应链消息称，OpenAI首款AI终端硬件产品原本计划交由供应链标杆企业立讯精密代工，转而独家委托鸿海代工生产。该产品终端应 用形态可能为智能笔或便携式音频设备，目前已进入新品设计阶段，计划于2026年或2027年推出。 更早之前9月份，OpenAI被曝已与立讯精密签署协议，共同开发消费级AI硬件设备，立讯精密将负责至少一款产品的组装。据了解，该款设备目前仍处于原 型开发阶段，预计能与OpenAI的人工智能模型深度协作。 受此消息影响，立讯精密总市值一度突破5000亿元。 在澄清说明中，立讯精密称，公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的垂直整合能力、成熟的产品工程与量产经验，以及覆盖多区 域的全球化产能布局，能够为不同类型客户提供稳定、灵活且高品质的制造与供应支持。 ...

Core Viewpoint - Recently, Lixun Precision issued a clarification regarding false rumors affecting the company, stating that its core business is progressing as planned without any abnormal situations impacting operations [1] Group 1: Company Operations - Lixun Precision emphasized that it will pursue legal action against any individuals or entities spreading false information or damaging the company's reputation [1] - The company has a strong presence in the high-end consumer electronics and smart terminal sectors, with vertical integration capabilities across multiple component categories and a mature product engineering and mass production experience [5] - Lixun Precision's global production capacity is well-established, providing stable, flexible, and high-quality manufacturing and supply support to various clients [5] Group 2: Business Developments - The company is actively involved in the communications computing sector, focusing on four product lines: electrical connectivity, optical connectivity, thermal management, and power management [5] - Lixun Precision is expanding its automotive segment, focusing on core components such as wiring harnesses and connectors, and has recently completed the acquisition of Germany's Leoni to enhance its global production capacity [5] Group 3: Financial Performance - For Q3 2025, Lixun Precision reported revenue of 96.41 billion, a year-on-year increase of 31.03%, and a net profit of 4.87 billion, up 32.49% [5] - In the first three quarters, the company achieved revenue of 220.92 billion, reflecting a year-on-year growth of 24.69%, with a net profit attributable to shareholders of 11.52 billion, increasing by 26.92% [5]

Core Viewpoint - Lixun Precision (002475.SZ) continues its upward momentum, with a closing price increase of 6.85% on September 24, reaching 70.20 yuan per share and a total market capitalization exceeding 500 billion yuan for the first time, setting a new historical high [1] Group 1: Stock Performance and Trading Activity - On September 19, 22, and 23, Lixun Precision's stock experienced a cumulative closing price increase of 24.24%, which was classified as an abnormal trading fluctuation [3] - The company confirmed that there were no undisclosed significant matters affecting stock trading prices and that its operational situation remains normal [3] - During the abnormal trading period, there were no stock transactions by the controlling shareholders, actual controllers, or senior management, except for stock options exercised by incentivized employees [3] Group 2: Financial Performance and Forecast - For the first three quarters of 2025, Lixun Precision expects net profit attributable to shareholders to be between 10.89 billion yuan and 11.34 billion yuan, representing a year-on-year growth of 20% to 25% [4] - The forecast for the third quarter of 2025 indicates a net profit of 4.25 billion yuan to 4.70 billion yuan, with a year-on-year increase of 15.41% to 27.74% [4] - In the first half of this year, the company achieved operating revenue of 124.50 billion yuan, a year-on-year increase of 20.18%, and a net profit of 6.64 billion yuan, up 23.13% from the previous year [5] Group 3: Strategic Developments - Lixun Precision plans to accelerate its diversification strategy, increasing investment in R&D and market penetration in AI smart terminals, optical high-speed interconnection products, and automotive smart electronics [4] - The company has reportedly signed an agreement with OpenAI to jointly develop consumer-grade AI hardware, with Lixun Precision responsible for assembling at least one product currently in prototype development [5] - The recent popularity of Apple's iPhone 17 series has also contributed to a collective rise in Apple-related stocks [5]

1. Report Industry Investment Ratings - No specific industry investment ratings are provided in the report. 2. Core Views of the Report - In the stock index futures market, the strong style is narrowing towards technology - growth stocks. The market should actively adhere to the growth style and allocate long positions in IM [1][8]. - For stock index options, a double - buying strategy should be deployed before the holiday. If there are equity holdings, the options still maintain a defensive mindset, and the double - selling strategy is not recommended before the holiday [2][8]. - Regarding treasury bond futures, in the short term, monetary policy may still mainly use structural tools, and the bond market remains cautious [3][10]. 3. Summary by Relevant Catalogs 3.1 Market Views 3.1.1 Stock Index Futures - **Market Situation**: On Monday, the Shanghai Composite Index fluctuated narrowly, and the market volume shrank to 2.14 trillion yuan. Funds concentrated on the technology sector. The STAR 50 continued to outperform, driven by three factors: positive technology events, the continuous outperformance of heavy - weight stocks in the STAR 50 and ChiNext Index, and increased enthusiasm for theme - based industry fund allocations [1][8]. - **Suggestions**: Allocate long positions in IM [8]. 3.1.2 Stock Index Options - **Market Situation**: The equity market oscillated, with the Shanghai Composite Index rising slightly by 0.22%. The option market turnover dropped significantly below 10 billion yuan, and the PCR of open interest showed mixed trends. Some options' implied volatility increased instead of decreasing [2][8]. - **Suggestions**: Adopt a hedging and defensive strategy. A double - buying strategy may be used before the holiday, and the double - selling strategy is not recommended [2][8]. 3.1.3 Treasury Bond Futures - **Market Situation**: Treasury bond futures rose across the board. The T, TF, TS, and TL main contracts increased by 0.20%, 0.13%, 0.04%, and 0.22% respectively. The central bank's reverse - repurchase operations and market expectations for loose monetary policy boosted bullish sentiment [3][9]. - **Suggestions**: Adopt a cautious approach for trend strategies; pay attention to short - hedging at low basis levels for hedging strategies; appropriately focus on basis widening for basis strategies; expect the yield curve to remain steep [10]. 3.2 Economic Calendar - It lists economic data release schedules from September 22 to 25, 2025, including China's one - year loan prime rate, the eurozone's September manufacturing PMI flash estimate, the US August new home sales annualized total, and the US initial jobless claims for the week ending September 20 [12]. 3.3 Important Information and News Tracking - Overseas macro news: On September 19, President Xi Jinping had a phone call with President Trump, reaching important consensus, which laid a strategic foundation for the stable development of China - US relations [12]. 3.4 Derivatives Market Monitoring - The report mentions monitoring data for stock index futures, stock index options, and treasury bond futures, but specific data details are not fully presented in the provided text.