作为消费电子领域的重要企业，蓝思科技主营业务涵盖视窗防护玻璃的研发、生产和销售。公司产品广 泛应用于手机、平板电脑、笔记本电脑等消费电子产品，并逐步拓展至汽车电子、智能家居等领域。 公司近期披露，正在配合客户开发下一代盖板玻璃，采用创新配方以提升产品性能。在折叠屏领域，公 司凭借UTG技术积累推出多层结构设计，已占据市场领先地位。汽车业务方面，超薄汽车夹胶玻璃已 成功导入新能源汽车供应链，预计下半年实现量产供货。 资金流向数据显示，8月12日主力资金净流出9373.34万元，近五个交易日累计净流出5077.43万元。 截至2025年8月12日收盘，蓝思科技股价报24.09元，较前一交易日下跌0.70%。当日成交金额达14.87亿 元，换手率为1.24%，总市值维持在1273亿元水平。 风险提示：本文所载信息仅供参考，不构成任何投资建议。投资者应自主决策并自行承担风险。 ...

2 / 3 证券代码：300433 证券简称：蓝思科技 | | 车载玻璃的减重续航和多功能方面具有显著优势，研发的汽车超 | | --- | --- | | | 薄夹胶玻璃具备轻量化、隔音、隔热、隔紫外线、防水、防污、 | | | HUD 投射以及变色遮光等功能，可广泛应用在汽车侧窗、前后挡风 | | | 及天幕玻璃。 | | | 目前公司超薄汽车夹胶玻璃已成功导入头部新能源汽车客户 | | | 的新车型，下半年将开启量产供货，与多家国内外头部汽车品牌 | | | 均在加快合作，将持续为公司汽车业务带来大增量。 | | | 问：近几年公司新品较多，预计资本开支是什么水平？ | | | 答：公司今年新机的相关资本开支已在去年完成投资，针对 | | | 明后年的市场需求，公司一方面通过对原有产线设备升级改造， | | | 加大自研设备比重进一步降本增效，另一方面充分利用好外部资 | | | 源如租赁厂房、合作开发等方式，降低前期资本支出，提升资产 | | | 使用效率，使资本开支长期保持在均衡水平。 | | | 公司现金流充裕，资产负债率达到历史新低，港股募资为新 | | | 项目的国际化布局提供强大支持，助力公 ...

Group 1: Foldable Screen Technology - The global shipment of foldable screen smartphones is expected to grow rapidly from 23.8 million units in 2024, with a compound annual growth rate (CAGR) exceeding 24% [1][2] - The company is a leading global supplier of ultra-thin flexible glass (UTG), benefiting from strong technical accumulation and patent layout [2] - Approximately 30% of the funds raised in the Hong Kong IPO (or HKD 1.377 billion) will be allocated for the technology reserve and capacity building of next-generation foldable screen components [2] Group 2: Automotive Business - The company has established partnerships with over 30 leading domestic and international automotive enterprises, achieving a market share of 20.9% in the global smart automotive interaction system solutions industry [3] - The company is expanding its automotive business, achieving breakthroughs in wireless charging modules and domain controller modules [3] - The lightweight automotive laminated glass developed by the company has been successfully introduced to new models of leading electric vehicle brands [3] Group 3: Humanoid Robotics - The company established a smart robotics division in 2016 and is collaborating with leading humanoid robotics companies to mass-produce humanoid robots [4] - The company aims to create a vertically integrated platform for intelligent hardware manufacturing, focusing on reducing costs and enhancing supply chain efficiency [4] - Since 2024, the company has delivered hundreds of humanoid robots to partners and is showcasing various robotic products at industry events [4] Group 4: AI Glasses - The company has been a core supplier of structural components for the first-generation smart headsets and collaborates with several leading North American AI glasses clients [5] - The company is the assembly partner for Rokid's entire series of AI glasses, enhancing product performance through proprietary technologies [5] - Future production capacity for optical modules and waveguide lenses is expected to alleviate industry bottlenecks [5] Group 5: Global Operations and Tariff Impact - The company has established production bases in Vietnam, Thailand, and Mexico since 2017 to enhance global operational capabilities [5] - The company has developed a global layout to quickly respond to market changes and customer needs, mitigating the impact of tariff policies [5] - The company maintains a high market share in the smartphone glass sector, with expectations for significant growth in 3D glass demand in the coming years [5]