来源：新浪证券-红岸工作室 1、公司办公地址：广东省珠海市香洲区高新区唐家湾镇金园一路8号厂房。 2、2023年7月27日互动易回复：公司子公司捷锐科技主要业务是非标自动化产线和设备方面的设计、开 发、安装和调试，其中包括机器人应用程序和软件设计开发，通过对客户应用场景的研究开发，为客户 提供智能化生产解决方案。 3、2023年7月19日互动易回复：公司子公司捷锐科技联合研发的人工智能柔性抓取设备主要是基于3D 视觉、AI深度学习等技术对工件进行识别、引导抓取，主要针对小批量、多品种产品在自动化生产中 快速换料的需求；集成的AGV智能物流线，主要运用于在生产过程物料的运输，具有高度的智能化和 自动化，通过其控制系统进行调度管理，有效提高系统灵活性和生产效率。 4、2023年7月19号互动易显示：公司的主营业务是计算机外设领域，主要从事键盘、鼠标等计算机外设 产品的研发、生产及销售。公司可以为智能家居中涉及鼠标、键盘等计算机外设产品提供支持。 5、根据2024年年报，公司海外营收占比为87.24%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今 ...

11月19日，智迪科技跌2.49%，成交额3479.46万元。两融数据显示，当日智迪科技获融资买入额442.03 万元，融资偿还360.90万元，融资净买入81.13万元。截至11月19日，智迪科技融资融券余额合计 3713.54万元。 融资方面，智迪科技当日融资买入442.03万元。当前融资余额3713.54万元，占流通市值的3.01%，融资 余额超过近一年70%分位水平，处于较高位。 融券方面，智迪科技11月19日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，珠海市智迪科技股份有限公司位于广东省珠海市高新区唐家湾镇金园一路8号厂房，成立日 期1996年8月28日，上市日期2023年7月17日，公司主营业务涉及计算机外设领域,主要从事键盘、鼠标 等计算机外设产品的研发、生产及销售。主营业务收入构成为：键盘48.23%，键鼠套装27.61%，鼠标 20.25%，其他2.58%，其他(补充)1.33%。 截至9月30日，智迪科技股东户数8402.00，较上期减少2.95%；人均流通股3865 ...

来源：新浪证券-红岸工作室 5、根据2024年年报，公司海外营收占比为87.24%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入4.45万，占比0%，行业排名36/89，连续3日被主力资金增仓；所属行业主力净流入-7.00 亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入4.45万121.75万144.79万-391.37万-1419.15万 11月18日，智迪科技跌0.94%，成交额2233.12万元，换手率1.76%，总市值31.12亿元。 异动分析 粤港澳大湾区+机器人概念+人工智能+消费电子概念+人民币贬值受益 1、公司办公地址：广东省珠海市香洲区高新区唐家湾镇金园一路8号厂房。 2、2023年7月27日互动易回复：公司子公司捷锐科技主要业务是非标自动化产线和设备方面的设计、开 发、安装和调试，其中包括机器人应用程序和软件设计开发，通过对客户应用场景的研究开发，为客户 提供智能化生产解决方案。 3、2023年7月19日互动易回复：公司子公司捷锐科技联合研发的人工智能柔性抓取设备主 ...

当前"中央引导+地方配套"的政策矩阵已初步形成，全方位破解企业发展痛点、打通成长堵点，为企业 深耕细分领域、突破技术瓶颈、扩大市场份额筑牢坚实根基。 ■矫月 日前举行的2025专精特新中小企业发展大会，通过举办多场科技资源对接、跨境出海对接活动，为专精 特新中小企业发展撑腰。 目前，专精特新中小企业正在细分赛道精耕细作，为经济高质量发展注入澎湃动能。在笔者看来，专精 特新中小企业的成长之路越走越宽，是政策引导、企业深耕、生态协同等多要素协同发力的结果。 其一，政策精准赋能，为专精特新中小企业成长提供重要保障。 专精特新中小企业是产业链供应链的"毛细血管"，融入产业生态能够放大企业成长势能。 笔者认为，未来企业需加速融入产业链协同生态。一方面，要主动与"链主"企业建立常态化对接机制， 通过技术共创、场景共享实现联动发展，深度嵌入核心产业集群，在补链强链中实现自身壮大；另一方 面，要拥抱开放合作，依托产业园区、供需对接平台，与上下游企业共享资源、协同发展，形成优势互 补的产业生态。此外，企业也可积极融入海外产业生态，寻找新的增长极。 总的来看，专精特新中小企业唯有坚守"专精"底色不偏移，紧抓创新核心不松懈，拥抱协 ...

Core Insights - JD.com reported significant consumer activity during the "Double Eleven" shopping festival, particularly in Henan province, which ranked fourth nationally in user numbers and second in order growth rate, indicating a robust consumer base and strong purchasing momentum [1][2] - The purchasing power within Henan is diverse, with Zhengzhou being the strongest city on the JD platform, while Puyang showed the highest growth rate in purchasing power, reflecting a varied consumption landscape [1] - The fastest-growing product category in Henan was action cameras, with a remarkable growth rate of 498%, followed by air conditioning sets, digital cameras, and down jackets, all exceeding 100% growth [1] - High-value consumer electronics such as air conditioners, mobile phones, and refrigerators had an average spending of over 4,800 yuan per person, indicating a trend towards smart, quality, and health-oriented products [1] - Different generational preferences were noted, with Gen Z favoring digital peripherals, while millennials and Gen X focused on maternal and infant products, and the elderly preferred health care appliances and kitchen tools, highlighting the structural shifts in family consumption in Henan [1] Industry Trends - The consumer trend in Henan is shifting from price-driven purchases to value-oriented decisions, characterized by rapid growth, improved structure, and clear preferences [2] - The ongoing optimization of the consumption environment and enhancement of supply quality are expected to further unleash Henan's consumption potential, positioning it as a key driver of regional economic growth [2]

Core Viewpoint - The company Zhuhai Zhiditech Co., Ltd. is involved in the computer peripheral industry, focusing on the research, development, production, and sales of products such as keyboards and mice, with a significant portion of its revenue coming from overseas due to the depreciation of the RMB [3][7]. Company Overview - Zhuhai Zhiditech Co., Ltd. was established on August 28, 1996, and went public on July 17, 2023. The company is located in the High-tech Zone of Tangjiawan Town, Zhuhai, Guangdong Province [7]. - The main business revenue composition includes keyboards (48.23%), keyboard and mouse sets (27.61%), mice (20.25%), and other products (4.33%) [7]. - As of September 30, 2023, the company had 8,402 shareholders, a decrease of 2.95% from the previous period, with an average of 3,865 circulating shares per person, an increase of 3.03% [7]. Financial Performance - For the period from January to September 2023, the company achieved a revenue of 1.099 billion yuan, representing a year-on-year growth of 14.29%, and a net profit attributable to shareholders of 77.08 million yuan, up 13.47% year-on-year [7]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing [8]. Market Dynamics - The company benefits from trends in the Guangdong-Hong Kong-Macao Greater Bay Area, robotics, artificial intelligence, and consumer electronics, as well as the depreciation of the RMB [2]. - The company’s subsidiary, Jierui Technology, focuses on non-standard automation production lines and equipment, including the development of robotic applications and software [2]. Investment and Shareholder Information - As of September 30, 2023, the top ten circulating shareholders include several new entrants, indicating a shift in institutional holdings [8]. - The average trading cost of the stock is 39.99 yuan, with the current price near a support level of 38.71 yuan, suggesting potential volatility [6].

Group 1: Financial Performance - The company's revenue for the first three quarters of 2025 increased by 14.29%, with a net profit attributable to shareholders of 77.08 million yuan, representing a year-on-year growth of 13.47% [3] - Improvement in accounts receivable and net cash flow from operating activities, attributed to stable customer payment terms ensuring healthy cash flow [3] Group 2: Competitive Advantages - Core competitiveness lies in three dimensions: technology, manufacturing, and customer relationships, creating a differentiated competitive edge [4] - The company holds multiple core patents, with advanced technologies such as optical magnetic micro-motion and magnetic axis keyboards, ensuring superior product consistency [4] - Efficient smart manufacturing through self-developed automated production lines, significantly reducing costs while maintaining high delivery efficiency [4] Group 3: Strategic Development - The Vietnam base has achieved large-scale production and stable operations, contributing to performance growth in 2024 [5] - The local supply chain in Vietnam is improving, providing cost advantages and becoming a strategic hub for serving international clients and expanding overseas markets [5] Group 4: Industry Outlook - The global traditional PC market showed a year-on-year growth of 9.4% in Q3 2025, positively impacting the computer peripheral industry [6][7] - The company’s products are categorized into random allocation and single-item retail, with the former closely linked to computer sales growth [7] Group 5: Future Growth Expectations - The company plans to continue expanding production capacity to match order growth and deepen cooperation with core customers [7] - Expected to benefit from industry growth, capacity release, and technological innovation, leading to steady performance growth [7] Group 6: Automation and Technology - The company has built a comprehensive smart manufacturing system to ensure product quality and consistency, incorporating automation across all production processes [7] - Investment in high-end equipment and integration of IoT technology to optimize production scheduling and efficiency [7] Group 7: Magnetic Axis Chip Technology - The magnetic axis chip is used in the company's magnetic axis keyboard products, developed based on years of experience and current industry trends [7] - The magnetic axis keyboard enhances gaming performance by allowing rapid input cessation, gaining recognition in the esports market [7]

Core Viewpoint - The Ministry of Finance, General Administration of Customs, and State Taxation Administration jointly announced an upgrade to the duty-free shopping policy for Hainan's offshore travelers, effective November 1, which aims to enhance the shopping experience and support the construction of the Hainan Free Trade Port [1] Group 1: Policy Changes - The new policy increases the number of duty-free product categories from 45 to 47, adding items such as pet supplies and portable musical instruments [16] - Domestic products like clothing, coffee, and tea are now allowed in duty-free stores, exempting them from value-added tax and consumption tax [4] - The policy expands the eligible consumer base, allowing island residents to purchase duty-free items without limit as long as they have at least one record of leaving the island within a calendar year [6][9] Group 2: Implementation and Preparation - Hainan's duty-free stores, such as Haikou International Duty-Free City, have prepared for the new policy by creating special sections for new product categories and ensuring that new items are available on the first day of the policy [2][4] - The duty-free city has upgraded its checkout system to accommodate the new policy changes starting November 1 [6] - The "island resident immediate pickup" shopping option has been added to enhance the shopping process for local consumers [8] Group 3: Consumer Guidelines - Eligible island residents must be at least 18 years old and possess a valid Hainan ID, residence permit, or social security card; foreign residents must have a residence permit for working or living in Hainan [9][10] - The calculation of the "departure record" for residents is based on actual departures from January 1 to December 31 of each year, with the first valid record for the new policy starting from November 1, 2023 [12] - Residents can purchase "immediate pickup" duty-free items without limit, but these items must fall under specific categories and have a single item price below 20,000 RMB, with an annual shopping limit of 100,000 RMB [13]

Core Viewpoint - The Ministry of Finance, General Administration of Customs, and State Taxation Administration have jointly announced an upgrade to the duty-free shopping policy for travelers leaving Hainan, effective November 1, aimed at supporting the construction of the Hainan Free Trade Port [1][4]. Group 1: Policy Adjustments - The number of duty-free product categories has been increased to 47, with new additions including pet supplies and portable musical instruments [1][2]. - Domestic products such as scarves, clothing, and ceramics can now be sold in duty-free shops, treated as exports for tax purposes [2]. - The minimum age for duty-free shopping has been raised from 16 to 18 years [3]. Group 2: Traveler Eligibility and Purchase Limits - Travelers who are 18 years or older and have purchased tickets to leave Hainan can enjoy the duty-free shopping policy, with an annual limit of 100,000 RMB for purchases [3]. - Island residents with a record of leaving the island within a calendar year can make unlimited purchases under the "immediate purchase and pick-up" method [3]. Group 3: Implementation and Impact - The new policy is expected to expand the benefits of the duty-free shopping policy, increase product supply, enhance consumer shopping experiences, and improve the sense of gain for local residents [4].

Core Viewpoint - Zhidi Technology, established in 1996 and listed on the Shenzhen Stock Exchange in July 2023, specializes in the research, production, and sales of computer peripherals such as keyboards and mice, demonstrating strong technical capabilities and product innovation [1]. Group 1: Business Performance - In Q3 2025, Zhidi Technology reported a revenue of 1.099 billion yuan, ranking 20th among 63 companies in the industry, with the industry leader, Inspur Information, generating 120.669 billion yuan [2]. - The company's net profit for the same period was 77.0984 million yuan, placing it 19th in the industry, while the top performer, Inspur Information, achieved a net profit of 1.489 billion yuan [2]. Group 2: Financial Ratios - As of Q3 2025, Zhidi Technology's debt-to-asset ratio was 38.51%, an increase from 34.35% year-on-year and above the industry average of 34.38% [3]. - The company's gross profit margin stood at 17.45%, down from 17.97% year-on-year and significantly lower than the industry average of 34.46% [3]. Group 3: Executive Compensation - The chairman and general manager, Xie Weiming, received a salary of 1.2676 million yuan in 2024, an increase of 40,700 yuan from 2023 [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.95% to 8,402, while the average number of circulating A-shares held per shareholder increased by 3.03% to 3,865.75 [5].