Core Viewpoint - Q-tech preannounced a significant net profit growth of 150-180% YoY for 1H25, with a mid-point of RMB305 million, surpassing Bloomberg consensus by 20% and tracking 54% of the FY25E net profit estimate [1][2]. Financial Performance - For 1H25, Q-tech's estimated revenue and net profit growth were 7% and 162% YoY, respectively, driven by a 2% YoY increase in CCM (with non-mobile CCM up 97%) and a 100% YoY increase in FPM (with ultrasonic FPM up 20x) [2]. - The gross profit margin (GPM) improved to 7.1% in 1H25, compared to 5.2% in 1H24 and 6.9% in 2H24, attributed to HCM spec upgrades and higher-margin non-mobile CCM and ultrasonic FPM shipments [2]. Outlook - The outlook for 2H25 is positive, with expectations of continued strong momentum driven by high-end smartphone camera upgrades (OIS/periscope), IoT/auto CCM growth, and GPM recovery [2]. - Revenue and net profit are estimated to grow by 25% and 162% YoY in 2H25E, respectively, supported by a 23% mix of high-end HCM in 2H and an 85% revenue increase in IoT/auto [2]. Earnings Estimates - The company raised FY25-27E EPS estimates by 21-30%, reflecting strong 1H25 performance and improved GPM outlook for FY26/27E, with EPS now 14-19% above consensus [1][3]. - The new target price (TP) is set at HK$13.21, based on a higher 19.5x FY25E P/E, aligning with the 10-year historical average forward P/E, following sector re-rating and a stronger outlook for FY26-27E [1][3]. Investment Thesis - Q-tech is positioned to capture high-end smartphone camera upgrade demand and momentum in IoT/auto CCM modules, leading to a reiteration of the BUY rating [3].

在事故发生整整一个月之际，也是《国际民用航空公约》所规定的初步调查报告公布截止期限内，印度 航空事故调查局(下称"AAIB")在其官方网站公布了一份关于6月12日发生的印度航空（Air India）787-8 客机坠毁事故的初步调查报告（Preliminary Report，下称"报告"）。 "报告"披露了这个由印度艾哈迈达巴德机场飞往英国伦敦盖特威克机场的AI171航班从背景信息、人员 伤亡、气象信息、飞行记录仪以及机场、气象、通讯等相关信息在内的资料，以及目前关于此次事故调 查的进展情况。 根据《报告》披露的内容显示，失事客机配备了两台增强型机载飞行记录仪（俗称黑匣子），分别安装 在飞机前部和机尾，用于记录飞行数据和驾驶舱语音信息的组合数据流，两者均存储在同一设备中。 虽然有一定程度损毁，但事故调查组还是通过还原数据解密了大量有价值的内容并在《报告》中公布。 "787的两个燃油控制开关从设计上来说也不是简单通过拨动或者按动就可以切换状态，而是必须要有一 个拔起和回收的动作，即便不小心误触也不会导致状态变化，更何况两个开关一起动作。"前述787飞行 员对本报记者表示。 另一位在航空公司担任机务工作的人士也向 ...

IMAX on pace for a record year at the box office and analysts expect next year is going to be even better. The move has been driven by high-profile releases like F1 sinners and the latest Mission Impossible. And this month we get Superman and the Fantastic 4.IMAX shares are up over 50% in the past year. Joining us now is Richard Gelfund, IMAX CEO. Rich, it's great to have you on.Uh, and let's start right there. Box office is booming. What's driving it.Um, let's start with the simplest thing, Morgan. really ...

Kraft Heinz is reportedly considering a spinoff of a large chunk of its grocery business as health-conscious American consumers increasingly shy away from processed foods. The $31 billion food and beverage conglomerate, born out of the 2015 merger of Kraft and Heinz, is said to be mulling the creation of a new entity that would include many Kraft products and could be valued at as much as $20 billion, the Wall Street Journal reported on Friday.The remaining company would house goods such as sauces and condi ...

AMC Entertainment AMC stock surged on Friday after Wedbush analyst Alicia Reese upgraded it from Neutral to Outperform and raised its price forecast from $3 to $4.Reese noted that AMC will benefit from a steadier film release schedule in the coming quarters, which should support consistent box office performance.According to the analyst, the company is well-positioned to gain market share in 2025 and 2026, thanks to its ownership of the highest number of premium screens in North America and expansion effort ...

Company Performance - IMAX's partnership with Apple for "F1: The Movie" contributed to nearly $300 million in global box office revenue within the first 10 days of release, with over 20% of that revenue coming from IMAX screenings [1][2] - In the U.S. and Canada, IMAX theaters accounted for 25% of all domestic ticket sales for "F1: The Movie," despite IMAX screens representing less than 1% of total movie screens worldwide [2] - CEO Rich Gelfond forecasts a record $1.2 billion in global box office revenue for IMAX in 2025, which would be a 33% increase from 2024 [3] Market Trends - The film industry is witnessing a shift towards premium experiences, with IMAX gaining market share and poised for exponential growth [3] - Post-pandemic, premium brands in various sectors, including concerts and sporting events, have seen increased demand, indicating a consumer preference for distinctive experiences when going out [4] Stock Performance - IMAX stock has seen a significant rally, with shares increasing approximately 60% over the past 12 months [4]

央广网北京7月11日消息（总台中国之声记者任梦岩）据中央广播电视总台中国之声报道，电动自行车以其经济、便捷等特点，已成为人们日常短途出 行的重要交通工具。工业和信息化部等五部门组织修订的强制性国家标准《电动自行车安全技术规范》（GB17761—2024）（以下简称"新国标"），已于 2024年12月31日正式发布，将于今年9月1日起实施。新国标完善了电池组、控制器、限速器的防篡改要求，有望从源头控制非法改装。 实际上，截至目前，电动自行车的非法改装仍然存在，且面临监管难题。近日，有广西南宁的听众通过总台中国之声新闻热线400-800-0088反映，当地 存在多个非法电动自行车改装门店，已经形成改装"一条街"甚至改装"产业园"，号称"电动自行车的车牌，电动摩托车的速度"——可将规定的电动自行车最 高时速25公里/⼩时改到80公里/⼩时，续航里程提升至200公里。 同时，商家在短视频平台直接打广告销售电动自行车改装方案和设备。这是一条怎样的产业链？新国标实施后，存量电动车的改装问题该如何解决？ 在短视频平台上，搜索"电动车+改速"，找到的都是各地打击违规改装电动车的报道，若将搜索关键词换成"电动车+控制器""电动 ...

7 月 11 日消息，消息源 @Jukanlosreve 昨日（7 月 10 日）在 X 平台发布推文，报告称苹果已批准京东 方的屏幕面板量产资质，供应 iPhone 17 Pro 和 iPhone 17 Pro Max 屏幕，不过所装配后的 iPhone 仅限 中国国内市场。 消息源还透露，苹果有望在今年 7 月批准京东方的显示模组（DISPLAY MODULE）量产资质。 NEWS ◆ 苹果新动向 消息称京东方获批量产 iPhone 17 Pro / Max 屏幕，仅供国内市场 曾于今年 6 月报道，市场调查机构 UBI Research 认为东方已建成年产 1 亿片苹果 iPhone OLED 屏幕产 能体系，今年实际 OLED 出货量预估为 4500 万片。 该机构预估京东方 2025 年上半年 iPhone OLED 的出货量约为 2100 万部，较去年同期的 1860 万部增长 了 13%，预计 2025 下半年出货量为 2400 万部。（新闻来源：IT之家） 7 月 11 日消息，苹果与美国心脏协会以及哈佛医学院附属布莱根妇女医院合作的最新研究表明，用户 行为数据（活动量、睡眠、运动等）可能比心 ...

Core Viewpoint - The article discusses the experience of a car owner, kylin sensei, who purchased the Dongfeng Lantu Dreamer 2025 PHEV four-wheel drive model, highlighting the reasons for the choice and the overall satisfaction with the vehicle. Purchase Decision and Comparison - The owner needed a larger vehicle due to family expansion and was particularly interested in MPV models with electric sliding doors for convenience with children [1][2] - Initially considered models like Honda Odyssey and others but ruled them out due to safety concerns and pricing [1] - The final decision was made after test-driving the Lantu Dreamer, which was preferred over competitors like Roewe IMAX8 DMH and others due to driving experience and practicality [2] Purchase Experience - The purchase was facilitated through a reliable intermediary, enhancing the confidence in the buying process [4][5] - The vehicle was delivered directly to the owner's home, showcasing a high level of service from the seller [7] Vehicle Usage Experience - Key advantages of the Lantu Dreamer include spaciousness, comfort, and the quality of the chassis, with the electric sliding doors being particularly beneficial for families [9] - The owner noted the convenience of the sliding doors compared to traditional doors, which can be cumbersome in tight spaces [10] - Overall driving experience was positive, with comfortable seating and a well-designed steering wheel, although there were minor issues with the driver's door not closing securely [12]

Core Insights - YieldMax COIN Option Income Strategy ETF (NYSEARCA: CONY) is highlighted as a unique investment product, being the first option ETF covered by the analyst [1] - The analyst emphasizes a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] Investment Strategy - The investment approach focuses on uncovering high-quality dividend stocks and assets that provide long-term growth potential, which is essential for generating income [1] - The strategy aims to create a balanced portfolio that captures total returns on par with the S&P 500, indicating a robust performance benchmark [1]