Lingyi Itech (01688) Surges Over 6% as iPhone Duo Sells Out Rapidly on Debut, Physical AI Business Accelerates

Stock News10-20

According to Zhitong Finance APP, Lingyi Itech (01688) jumped over 6%, rising 6.13% as of press time to HK$5.02, with a turnover of HK$43.9556 million.

On the news front, Apple's first foldable phone, the iPhone Duo, opened for pre-order on October 16. Reports indicate that in-store pickup inventory was sold out on the first day. As a supplier for the iPhone Duo, Lingyi Itech provides Apple with core precision components for the new-generation terminal products, covering hinge precision structural parts, screen support plates, ultra-thin vapor chambers, and other products.

In addition, Goldman Sachs recently visited the Dongguan factory of Readore, a subsidiary of Lingyi Itech. Management expressed optimism about the company's business expansion from consumer electronics to AI data centers.

Notably, recent reports say OpenAI is advancing humanoid robot research and development. Guosheng Securities pointed out that Lingyi Itech possesses full-stack service capabilities ranging from core components to complete machine assembly, focusing on joint modules, high-power charging, thermal modules, dexterous hands, and other core components as well as body assembly services. The company's assembly production lines in Beijing, Chengdu, Zhengzhou, Dongguan, and overseas robot bases have officially commenced production, and it has already mass-produced and delivered humanoid robot core components, joint modules, complete machines, and other products.

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