点击招商研究小程序查看PDF报告原文 乐鑫科技发布25Q2业绩预告，25Q2预计收入6.62-6.92亿元，同比+24.2%-30%/环比 +18.7%-24%；归母净利润1.56-1.76亿元，同比+60%-80.4%/环比+66.8%-88%。公司主要 产品线和应用领域增长强劲，25Q2利润维持同比高增长态势。 25H1收入同比稳健提升，利润同比高增长。 25H1预计收入12.2-12.5亿元，同比+33-36%；归 母净利润2.5-2.7亿元，同比+65%-78%；扣非净利润2.3-2.5亿元，同比+58%-72%。公司毛 利率维持40%以上，研发投入同比增加20-25%，整体利润维持同比高增长态势。 25Q2收入同环比稳健增长，单季利润率明显提升。 25Q2预计收入6.62-6.92亿元，同比 +24.2%-30%/环比+18.7%-24%；归母净利润1.56-1.76亿元，同比+60%-80.4%/环比 +66.8%-88%；扣非净利润1.4-1.6亿元，同比+44%-64.6%/环比+58.2%-80.7%；单季扣非 净利率21.3%-23.3%，同比+2.94-4.94pcts/环比+5.3-7 ...

Key Takeaways Micron's Embedded Business revenues rose 20% sequentially in Q3 to $1.2 billion on strong AI-driven demand. AI use in factory automation and autos boosted sales, aided by tight supply and low channel inventory. Micron reorganized its business units in June to focus more deeply on AI-led growth opportunities.Micron Technology’s (MU) Embedded Business Unit saw strong growth in the third quarter of fiscal 2025. The business unit’s revenues were up 20% sequentially to $1.2 billion. The company a ...

Groundbreaking First-in-Human Study Establishes Potential to Treat Type 1 Diabetes by Transplanting Insulin-Secreting Cells Without Immunosuppression Six-Month Patient Follow-up Results Demonstrate that Sana’s Transplanted Pancreatic Islet Cells Modified with its Hypoimmune (HIP) Technology are Safe and Well-tolerated, Survive, Evade Detection by the Immune System, and Continue to Produce Insulin in the Patient Function and Persistence of Pancreatic Islets Were Detectable by Production of Consistent Levels ...

中国ETF市场历经20余年稳健发展，当前规模已飙升至3.6万亿元，基金数量突破1000只。ETF以其透明、便宜、灵活、安 全等优点，成为大量投资者布局市场的关键工具。然而，超过60%的个人投资者对ETF仍处于"听说过但不会用"的迷茫期， 他们对专业投资知识与服务的需求日益迫切。 6月中旬，为呼应上交所发起的"以投资者为本，重回报促发展"沪市ETF主题活动，华兴证券与中信出版（300788）强强联 手，以"硬核搭子，邀你做ETF投资行家"为主题开展投教活动。与此同时，华兴证券多多金APP（以下简称"多多金"）4.0 版本焕新上线。本次活动通过阅读投教结合专业服务介绍，为投资者构建知识与服务并重的赋能体系，助力投资者突破 ETF投资门槛，开启指数投资新时代。 面对指数化投资时代的到来，中信出版以书为媒，将专业机构投资经验转化为易于大众理解的知识体系，以优质内容赋能 投教市场高质量发展。此次重点推荐的《这样做，买对ETF》一书，从深度解析ETF"家族图谱"，到详细阐述定投、网格交 易等实战策略，全方位覆盖投资者从入门到进阶的全流程，帮助其逐步建立ETF投资方法论。 中信出版还联合华兴证券共同发布以《这样做，买对ET ...

Core Viewpoint - Yuntian Lifei is focusing on the development of high-performance AI chips and edge AI applications, with significant revenue growth in Q1 2025 driven by enterprise and consumer-level business segments [1][2][3] Financial Performance - In 2024, Yuntian Lifei achieved a revenue of 917 million yuan and a net loss of 579 million yuan; in Q1 2025, the revenue was 264 million yuan, representing a 168% year-on-year increase, with a reduced net loss of approximately 85.64 million yuan [1] Product Development - The company has developed four AI chips: DeepEdge10C, DeepEdge10 standard version, DeepEdge10Max, and DeepEdge200, with plans to launch the new model inference acceleration card IPU-X6000 in 2024 [2] - DeepEdge10 chips utilize a domestically produced 14nm Chiplet process and include a RISC-V core, supporting various large model architectures for efficient inference [2] Technology and R&D - Yuntian Lifei is enhancing its neural network processor technology, NNP400T, to meet the requirements of large model inference through specialized instruction sets and architectures [3] - The company invested nearly 400 million yuan in R&D last year, a year-on-year increase of approximately 36% [3] Market Trends - The demand structure in the AI computing market is shifting from general large model training to optimized inference computing for AI applications, with inference computing demand rapidly increasing [3] Strategic Initiatives - Yuntian Lifei plans to expand its consumer product offerings and establish a comprehensive online and offline marketing system, focusing on "technological innovation + scene cultivation" [4] - The company has launched the first domestically produced AI glasses in collaboration with partners and is enhancing its AIoT product matrix through acquisitions and brand collaborations [4]

SHENZHEN, China, June 13, 2025 (GLOBE NEWSWIRE) -- As a leading brand in the global vaping industry, Airis once again redefines industry expectations with the launch of its latest flagship product, the NEO P40000. This revolutionary product integrates an intelligent monitoring system, triple-core ultra-fast vaporization, five-level nicotine adjustment, and 15 authentic flavors, it not only redefines the user experience of disposable e-cigarettes but also leads global users into a new era of “smart, premium, ...

编号：2025-003 投资者关系活动类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 现场参观 其他 参与单位名称及人员 姓名 中泰证券：苏仪、王智莉 朱雀投资：崔巍 时间 2025 年 6 月 11 日 地点 佳缘科技股份有限公司会议室（成都） 上市公司接待人员姓 名 副总经理、董事会秘书：张顺 投资者关系活动主要 内容介绍 一、告知保密义务，签署保密承诺书。 二、公司基本情况介绍 三、互动交流，内容如下： 问题 1：公司 2024 年度经营状况回顾。 答：2024 年，公司实现营业收入 33,679.98 万元， 同比增长 48.11%；实现归属于上市公司股东的净利润 1,144.54 万元，同比上升 313.82%；实现归属于上市 公司股东的扣非后净利润 330.37 万元，同比上升 120.29%。 问题 2：2025 年公司在业务上的发展规划如何。 | 答：公司坚持以特种行业网络安全为核心，积极 | | --- | | 拓展信息化综合解决方案业务。 | | 1、网络安全方向：技术应用上，聚焦各专业装备 | | 研发、平台研发、基于新技术的编码技术研究等，根 | ...

Presentation to highlight updated six-month clinical results of a hypoimmune-modified primary pancreatic islet cell therapy for patients with type 1 diabetesSEATTLE, June 09, 2025 (GLOBE NEWSWIRE) -- Sana Biotechnology, Inc. (NASDAQ: SANA), a company focused on changing the possible for patients through engineered cells, today announced an upcoming podium presentation highlighting ongoing clinical data from the investigator-sponsored, first-in-human study transplanting UP421, an allogeneic primary islet cel ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 173.70 [5][8]. Core Insights - The company is experiencing sustained demand growth, particularly in the AIoT sector, with significant opportunities in smart home applications and AI toys [2][4]. - The company plans to raise funds through a private placement to enhance its product lineup, focusing on Wi-Fi 7 and AI edge chips, which will support long-term growth [4][5]. - The developer ecosystem is thriving, with over 140,000 open-source projects on GitHub, indicating strong community engagement and innovation [3]. Summary by Sections Demand and Growth - In Q1 2025, the company reported a 30% year-on-year revenue growth in the smart home sector, with faster growth in industrial, energy, and healthcare markets [2]. - The company anticipates continued demand growth in Q2, driven by new applications such as AI toys [2]. Product Development and Strategy - The company is focused on a "processing + connectivity" strategy, with ongoing product upgrades and a commitment to maintaining a gross margin target of 40% [2][5]. - New products, including the P4, are entering mass production, while older products like ESP8266/ESP32 are seeing extended lifecycles due to high customer loyalty [2]. Financial Projections - The company forecasts revenues of RMB 2,632 million in 2025, with a net profit of RMB 461.47 million, reflecting a 36% increase from the previous year [7]. - The expected EPS for 2025 is RMB 2.94, with a projected net profit margin of 17.53% [7]. Capital Raising and Investment - The company plans to raise up to RMB 1.778 billion through a private placement, allocating funds for Wi-Fi router chips, AI edge chips, and the construction of a research center [4]. Market Position - The company aims to maintain its leading position in the Wi-Fi MCU market and expects the revenue contribution from smart home products to continue evolving [2].

【深圳商报讯】（记者 胡星访）作为文化进出口贸易的主战场，10号馆国际文化贸易馆精彩纷呈：文 化荟萃的国别展区、香气四溢的国际美食区，汇聚国际大牌的头部机构展区、展现贸易成果的进出口展 区。 馆内国内文创同样亮点十足："文创中国"展区集结国家博物馆、三星堆、敦煌博物馆、深圳众擎机器人 等顶流IP，其中最有"范儿"当属助力文化走出去的"文化出海"专区。 继去年以"新三样"出海成果引发行业关注后，跨境数字内容传播领军企业雅文传播再次深度参与文博 会。以"打造IP商业化数智新生态"为主题，通过四大板块重塑文化出海新生态。展会现场，一条贯穿文 化出海全场景的动态文化长廊，直观呈现"内容+技术+生态"的协同效应，开启"流动的全球化叙事"。文 博会现场，雅文传播首次披露三大战略架构。全球最大华流社交矩阵：整合2.1亿粉丝生态，通过"年轻 化内容+本土化运营+UGC共创"模式，构建双向文化对话体系；双平台商业化引擎：CPOP4U电商平台 实现文化IP即时转化，V-Pulse智能平台依托AI技术解码全球传播趋势；三线出海实践：以文娱破壁、 文旅融合、文创新生构建生态化出海网络，年度促成超200个文化IP的国际转化。 "我们正 ...