蓝思科技：一季度业绩亮眼 苹果产业链走强

Core Insights - The article highlights that major suppliers of Apple are experiencing strong performance in Q1 2025, driven by increased demand for smartphones and computers, particularly from North American clients [1] Company Performance - Lens Technology reported Q1 2025 revenue of 17.063 billion yuan, a year-on-year increase of 10.10%, and a net profit of 429 million yuan, up 38.71% [1] - Crystal Optoelectronics achieved a revenue of 1.482 billion yuan in Q1 2025, reflecting a 10.2% year-on-year growth, with a net profit of 220.9 million yuan, up 23.67% [1] - GoerTek's net profit in Q1 2025 increased by 23.53% to 469 million yuan [1] - Industrial Fulian is expected to report Q1 2025 revenue between 159 billion and 161 billion yuan, representing a year-on-year growth of 34.0% to 35.6%, with a projected net profit of 5.2 billion to 5.3 billion yuan, up 24.4% to 26.8% [1] Market Trends - Apple's global smartphone shipments increased by 10% year-on-year in Q1 2025, reaching 57.9 million units, capturing a 19% global market share [1] - The increase in Apple's shipments is attributed to preemptive stockpiling to avoid tariffs and significant shipments to other regions [1] - Global PC shipments rose by 6.7% year-on-year in Q1 2025, totaling 61.4 million units, with Apple's shipments growing by 17% [1] Regulatory Environment - The U.S. government has temporarily suspended tariffs on imported smartphones from China, providing a brief respite for the industry, although uncertainty regarding future tariffs may dampen consumer demand [1]