苹果 2025 秋季发布会跟踪报告 TMT 及中小盘/电子 事件： 评论： 1、iPhone 17Pro：主要亮点为外观大改、散热升级、长焦升级。1）背面外 观大改，全新拉丝铝制一体成型设计，后盖采用超瓷晶玻璃；2）搭配全新 VC 散热，散热性能比前代钛提升 20 倍，激光焊接到坚固、轻便且导热的一体式铝 制机身；3）三颗 48MP 后摄，长焦镜头升至 48MP，支持 4/8 倍变焦，前代最 高 5 倍。最低 256GB，Pro/PM 售价$1099/1199 起，价格不变。 2、iPhone Air：主要亮点为超薄&钛金属外观、自研调制解调器&无线连接芯 片、eSIM、前后摄同时双拍视频。1）6.5 英寸屏，厚度仅 5.6mm，钛边框；2） 自研 A19 Pro 主芯片、C1X 调制解调器、N1 无线连接芯片支持 WiFi7、蓝牙 6 和 Thread；3）48MP 单镜头，竖向横排，支持前后摄同时双拍视频；4）eSIM， 增加电池容量，视频播放续航 27 小时。售价$999 起。 3、iPhone 17：主要亮点为 120Hz 高刷、超广角及前摄、续航快充、性价比 提升。1）更大 6.3 英寸屏，超瓷晶玻 ...

智通财经9月11日讯（编辑 胡家荣）港股三大指数集体回调。截至收盘，恒生指数跌0.43%，报26086.32点；科技指数跌0.24%，报5888.77点；国企指数跌 0.73%，报9260.25点。 注：恒生指数的表现 今日市场 从今日盘面来看，半导体、电讯设备、有色金属、消费电子及水泥股表现强势，医药与新消费相关个股则走势较弱。 半导体板块再度领涨 截至收盘，英诺赛科(02577.HK)、中芯国际(00981.HK)、上海复旦(01385.HK)分别上涨9.25%、5.37%、4.97%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 ⇒ | | --- | --- | --- | --- | --- | | 02577 | 英诺赛科 | 101.600 | +8.600 | +9.25% | | 02166 | 芯智控股 | 1.940 | +0.160 | +8.99% | | 01385 | 上海复日 | 36.880 | +1.880 | +5.37% | | 00981 | 中芯国际 | 63.350 | +3.000 | +4.97% | | 01347 | 华虹半导体 | 50.20 ...

消息面上，2025苹果秋季新品发布会今日举办，发布会推出4款新iPhone、Airpods Pro3，以及3款5G版 Apple Watch。鸿腾精密是全球第四大连接器厂商，产品遍及消费电子、移动设备、通信基础设施、汽 车、工业等领域，客户包括苹果等主要科技公司。据智通财经此前报道，苹果为了推进供应链中的自动 化，正在与其供应商广泛协商。如果供应商想要继续获得苹果的订单，其就必须转向自动化。 腾鸿精密(06088)涨超10%，截至发稿，涨11.34%，报4.33港元，成交额8.93亿港元。 长江证券发布研报称，公司不仅在电动汽车和消费电子领域持续深耕，更积极拥抱AI时代。光模块、 连接器、液冷等产品有望在人工智能和数据中心需求的爆发中占据领先地位。通过全球化布局和卓越的 制造能力，鸿腾精密正将AI的巨大潜力转化为坚实的增长动力，盈利的持续增长可期。预计公司2025- 2027年营业收入为4915、5558、6274百万美元，归母净利润为177、218、267百万美元。 ...

Core Viewpoint - The company reported a strong performance in the first half of 2025, with revenue of 124.5 billion and a year-on-year growth of 20.18%, while net profit reached 6.644 billion, growing by 23.13% [2][14]. Group 1: Financial Performance - The company's revenue for the first half of 2025 was 1245 billion, with a net profit of 66.44 billion, both exceeding initial expectations [2][14]. - The second quarter alone saw revenue of 627 billion, a year-on-year increase of 22.5% [2]. - The gross profit margin for the first half of 2025 was 11.61%, slightly down by 0.1 percentage points due to currency fluctuations and increased production costs [19][20]. Group 2: Business Segments - The consumer electronics segment generated 978 billion in revenue, growing by 14.3%, with strong performance from Apple-related products [3][4]. - The communications business experienced significant growth, with revenue of 111 billion, up 48.7%, driven by AI computing capabilities [5][6]. - The automotive segment saw remarkable growth, with revenue of 87 billion, increasing by 82.1%, supported by new projects and successful acquisitions [6][10]. Group 3: Future Outlook - The company anticipates a net profit range of 108.90 to 113.45 billion for the first three quarters of 2025, corresponding to a growth rate of 20-25% [8]. - The long-term growth drivers remain clear, with expectations for continued expansion in consumer electronics, communications, and automotive sectors [8][12]. - The company is well-positioned to leverage its global manufacturing advantages and customized services to enhance market competitiveness [8][18]. Group 4: Strategic Initiatives - The company is focusing on vertical integration and innovation in the ODM sector, aiming to enhance its product offerings across various applications [8][15]. - In the communications sector, the company is building a comprehensive technology matrix to support high-speed connectivity and AI applications [9][16]. - The automotive business is expected to achieve significant revenue growth, with plans to become a leading global supplier of automotive components [10][11].