Electronic Equipment and Instruments

XDLK

Deep Research

02498

605488

688322

688071

02050

002050

HSAI

02525

603662

600480

BOSCH

300007

688582

TSLA

XPEV

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Entering 2025, three years into the OpenAI-led AI cycle, the industry remains in a full-on AI investment phase. Based on our recent work, Dolphin Research sees 2026 hinging on compute cost-down and on AI capex translating into deployments across software and hardware.The rollout of new hardware is the true incremental driver. Meanwhile, mass production of Tesla's Optimus is drawing closer, and humanoid robots could become the primary AI form factor, reshaping human interaction and productivity.On this premise, Dolphin Research is launching coverage on the robotics supply chain. This is Part 1.

ROBOSENSE

Fulai New Material

Orbbec

Honeywell

W-Ibeda

SANHUA

Sanhua

Hesai

HESAI-W

Keli

Lingyun Ind

Hanwei Electronics

Tesla

XPeng

XPENG-W

Humanoid Robots: AI's Best Hope?

XDLK released FY2026 Q1 earnings on April 23 After-Market (BJT), actual revenue CNY 51.1 M, actual EPS CNY 0.01

XDLK to Release FY2026 Q1 Earnings on April 24 After-Market (BJT)

XDLK to release FY2025 earnings on March 24 Pre-Market (BJT), forecast revenue CNY 630.14 M, EPS CNY 0.87

XDLK released FY2025 Annual Earnings on February 25 Pre-Market (BJT), actual revenue CNY 523.74 M (forecast CNY 630.14 M), actual EPS CNY 0.75 (forecast CNY 0.87)

XDLK released FY2025 Q4 earnings on February 25 Pre-Market (BJT), actual revenue CNY 122.71 M, actual EPS CNY 0.1599

XDLK released FY2025 Q3 earnings on October 28 During-Market (BJT), actual revenue CNY 147.9 M, actual EPS CNY 0.2098

XDLK released FY2025 9 Months Earnings on October 28 During-Market (BJT), actual revenue CNY 401.03 M, actual EPS CNY 0.5887

XDLK FY2025 Q3 Earnings Release on October 29 During-Market BJT

XDLK released FY2025 Q2 earnings on August 18 After-Market (BJT), actual revenue CNY 165.24 M, actual EPS CNY 0.2689

XDLK released FY2025 Semi-Annual earnings on August 18 After-Market (BJT), actual revenue CNY 253.13 M, actual EPS CNY 0.38

XDLK FY2025 Semi-Annual Earnings Release on August 19, 2025 (BJT)

Corelink Director Reduces Shareholding

Xinmotuinkelon MEMS Sensor Market Share Increased

Xinson Link's Net Profit Expected to Grow 144.46%-199.37% in First Half of 2025

Xin Dong Lian Ke Had Block Trades

Xindaonlinkco Shareholders Reduce Holdings, Secretary Comments on Normal Operation

XinDongLianKe Responds to Share Reduction and Automotive Grade IMU Mass Production Progress

CoreLink Technology director reduces holdings by 499,800 shares

XinDongLianKe Responds to EDA Software Use and Core Technology Licensing Issues

ChipMotion Aims to Fully Allocate Its Tender Offer at 56.40 Yuan per Share

561600

Vivo has launched the Vivo X300 Ultra and X300s in China, expanding its X300 lineup with flagship smartphones focused on imaging. The X300 Ultra features dual 200MP cameras and is expected to launch in India, marking its first release outside China. The X300 Ultra has a 6.82-inch AMOLED display, Snapdragon 8 Elite Gen 5 processor, and a 6,600mAh battery. The X300s sports a 6.78-inch AMOLED display, MediaTek Dimensity 9500 chip, and a 7,100mAh battery. Both devices are developed in collaboration with Zeiss and offer high-end camera capabilities.

Business Standard

Ping An CSI Consumer Electronic Theme ETF

Vivo X300 Ultra with two 200MP cameras unveiled, X300s tags along: Details

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As global markets show mixed performances, high-growth tech stocks in Asia are gaining attention. The U.S.-China trade truce has eased investor concerns. Notable companies include DEAR U, Anhui XDLK Microsystem, and Queclink Wireless Solutions, each demonstrating significant revenue and earnings growth. DEAR U is projected to recover with a 60.5% earnings growth, while Anhui XDLK shows a strong revenue increase of 47.7%. Queclink, despite recent declines, is expected to grow earnings by 32.5% annually, highlighting the dynamic landscape of Asia's tech sector.

Simplywall

Queclink

High Growth Tech Stocks in Asia for November 2025

XDLK expects the net profit attributable to the parent company for the first three quarters of 2025 to be between 216 million yuan and 264 million yuan, a year-on-year increase of 56.43% to 91.19%. The company has gained customer recognition through leading product performance and independent research and development, maintaining rapid performance growth. During the reporting period, there were sufficient orders, deliveries were made as planned, and new collaborations and customers were actively sought

Zhitong

XDLK issued a profit forecast, expecting the net profit attributable to the parent company for the first three quarters to be between 216 million yuan and 264 million yuan, an increase of 56.43% to 91.19%

According to the announcement released by XDLK, the company held the 13th meeting of the second board of directors on September 5, 2025, to review and approve the proposal on the initial grant of restricted stock to incentive objects. It was agreed to set September 5, 2025, as the initial grant date and to grant 2,957,700 shares of restricted stock at a grant price of 56.89 yuan per share to 129 incentive objects who meet the grant conditions

XDLK granted 2,957,700 restricted shares to 129 incentive recipients

XDLK announced that two shareholders, Northeast Electronic Research Institute Co., Ltd. and Anhui North Microelectronics Research Institute Group Co., Ltd., based on funding needs, plan to reduce their holdings of the company's shares by no more than 2.0036 million shares through centralized bidding or block trading from September 17, 2025, to December 16, 2025, each accounting for 0.5% of the company's current total share capital

XDLK: Two shareholders plan to reduce their holdings by 0.5% within 3 months

XDLK released its semi-annual report for 2025, with operating revenue of 253 million yuan, a year-on-year increase of 84.34%; net profit attributable to shareholders was 154 million yuan, a year-on-year increase of 173.37%. The net profit excluding non-recurring gains and losses was 148 million yuan, a year-on-year increase of 210.65%. The basic earnings per share were 0.39 yuan. The company plans to distribute a cash dividend of 1.56 yuan (including tax) for every 10 shares to all shareholders

XDLK released its performance for the first half of the year, with a net profit attributable to the parent company of 154 million yuan, an increase of 173.37%

XDLK held a board meeting and decided to use its own funds to pay for the fundraising project funds, and to replace them with the raised funds of equal amount. The net amount raised from the company's 2023 IPO is 1.354 billion yuan, and the fundraising projects include the development of high-performance MEMS devices, among others. Some projects have been postponed and changed, with the addition of the "Inertial Measurement Unit Development and Industrialization Project." This move aims to improve the efficiency of fund utilization and save financial costs, and the necessary approval procedures have been completed

XDLK: Plans to use its own funds to pay for the investment, and subsequently replace it with an equivalent amount of raised funds

XDLK expects its net profit attributable to shareholders in the first half of the year to increase by 144.46% year-on-year to 199.37%, reaching between 138 million and 169 million yuan. The company has gained customer recognition due to its leading product performance and independent research and development capabilities, maintaining rapid growth in performance. Sufficient orders and a smooth delivery schedule have driven significant growth in operating revenue and net profit

XDLK issued a profit forecast, expecting a year-on-year increase of 144.46% in net profit attributable to the parent company for the first half of the year, reaching 199.37 million

According to the Zhitong Finance APP, XDLK has disclosed a shareholder inquiry transfer plan, with the participating shareholder being Beifang Electronic Research Institute Co., Ltd. (referred to as "Electronic Institute"), intending to transfer a total of 8.0143 million shares, accounting for 2% of the company's total share capital

XDLK: The Electronic Institute plans to inquire about the transfer of 2% of the company's shares

XDLK(688582.SH)