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Direct coverage of the Earnings Conference for the Siasun Robot&Automation Industry: The localization rate of the supply chain is accelerating, while the industrial sector still faces fierce competition.
① Many companies participating in the performance briefing stated that currently, the core or most supply chain links have been localized, while a small number of links that require imports are actively planning localization solutions; ② From the perspective of the overall Siasun Robot&Automation Industry, the competition in the industrial robot industry is fierce, and in 2024, a situation of "growth in quantity without growth in revenue, and growth in revenue without growth in profit" may occur.
[Brokerage Focus] CMB International holds a conservative view on Apple's outlook for the second half of the year, indicating that potential iPhone sales might decline.
Jinwu Financial News | CCB International stated that Apple Inc. (AAPL, not rated) announced its FY2Q25 (CY1Q25) performance and provided a framework for the impact of tariffs in the next quarter. Overall, due to the sales growth of iPhone/iPad/Mac (up 2%/15%/7% year-on-year) and improvement in the GPM of its services Business, which offset the weakness in sales in China (down 2% year-on-year) and wearables (down 5% year-on-year), the revenue for the second quarter was $95.4 billion (up 5% year-on-year), with an EPS of $1.65 (up 8% year-on-year), which was largely in line with market expectations.
Apple Supplier stocks generally declined, COWELL (01415) fell by 5.17%. China International Capital Corporation pointed out that the pressure from Apple's tariffs still exists.
Jingwu Financial News | Apple Supplier stocks broadly declined, COWELL (01415) fell by 5.17%, SUNNY OPTICAL (02382) fell by 3.24%, AAC TECH (02018) fell by 2.76%, and BYD Electronics (00285) fell by 1.34%. On the news front, Cook estimated that tariffs would lead to an additional cost of 0.9 billion USD in the company's third fiscal quarter (April-June), approximately 6.54 billion yuan. However, he refused to disclose whether prices would increase or if costs would be passed on to consumers. China International Capital Corporation stated that Apple's second fiscal quarter Earnings Reports met the expectations of the bank. Trade friction has increased tariff costs.
After ongoing fluctuations, the market may be nearing a directional choice, with the AI, Siasun Robot&Automation, and other Technology growth sectors likely to rebound.
Looking back at the market situation before the festival, the market has been in a state of fluctuating consolidation, and the atmosphere of market observation remains quite strong.
The Siasun Robot&Automation industry is experiencing a rise with a noticeable increase in entrants, and the Sector is expected to continue to be in the spotlight.
① According to Statistics from the new strategy humanoid robot research institute, as of December 2024, the number of Global humanoid robot Ontology companies has surpassed 220. Among them, companies from China account for half, exceeding 110. ② Shanghai Securities stated that the Industry Chain for humanoid robots has entered a phase of "a hundred flowers bloom, a hundred schools of thought contend," and the commercialization of humanoid robots is promising. It is recommended to pay attention to domestic component manufacturers that will benefit.
China Merchants: The A-share market in May may present a pattern of "weight index recovery and active technology growth."
China Merchants stated that looking ahead to May, the market may present a pattern of "weight index rebound and active Technology growth."
