HK Stock Market Move | Lingyi Itech (01688) rises over 6% as iPhone Duo's first sale quickly sells out; the company's physical AI enters a fast track of development.

Lingyi Itech (01688) rose over 6%, up 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 say in-store pickup inventory was sold out on the first day. It is understood that Lingyi Itech, as a supplier for the iPhone Duo, supplies Apple with core precision components for the new-generation terminal product, 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 is optimistic about its business expansion from consumer electronics to AI data centers. It is worth noting that reports recently said OpenAI is advancing research and development of humanoid Siasun Robot&Automation. Guosheng pointed out that Lingyi Itech has full-stack service capabilities ranging from core components to complete-unit assembly, focusing on core components such as joint modules, high-power charging, thermal modules and dexterous hands, as well as complete-unit assembly services. The company's assembly lines at Siasun Robot&Automation bases in Beijing, Chengdu, Zhengzhou, Dongguan and overseas have officially been put into production, and it has mass-produced and delivered products including core components, joint modules and complete units for humanoid Siasun Robot&Automation.