丘钛科技(1478.HK)25H1半年报预告点评:垂直整合积极推进 产品结构优化&非手机业务驱动高增

中信建投证券
18 Jul

核心观点2025 年公司垂直整合更进一步,poLight 的投资以及TDK 微型驱动器解决方案资产的收购将进一步增强公司在高端摄像头模组解决方案的竞争力,为后续成长奠定基础。在手机CCM 方面,公司产品结构优化成效显著,叠加光学创新持续,手机业务稳定增长。非手机业务是公司成长亮点,25 年1-6 月非手机CCM 出货同比增长48%,公司在IOT 领域积极拓展高端客户、扩张产品品类,与头部客户共同...

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