Hong Kong Stock Concept Tracking | Apple Smart Approved in China, Cook Says It Will Launch a Beta Version at the End of October to Focus on Fruit Chain Investment Opportunities (with concept stocks)

The Zhitong Finance App learned that on October 15, Tim Cook, executive chairman of the board of directors of Apple (AAPL.US), visited Shanghai and was interviewed by the media. On issues related to Apple Intelligence (Apple Intelligence), Cook said that a test version of Apple Intelligence will be released in China at the end of October and will be connected to the Alibaba Thousand Questions model. Apple Smart includes features such as real-time translation, writing tools, and photo erasing tools, but Siri AI is not included this time.

Previously, in June 2024, Apple launched the personal intelligence system Apple Smart Phone, which is integrated into iPhone, iPad, Mac and other devices. It combines the device-side model with the cloud model to provide users with AI functions such as writing, image generation, and Siri upgrades. However, after the release of Apple Smart, it has been slow to be approved for domestic applications.

Until July of this year, Apple Intelligence has finally made substantial progress. In July of this year, Netcom China released 7 announcements providing registered information on mobile phone side generation artificial intelligence services. Among them, the “Apple Smart” model of Apple Technology Development (Shanghai) Co., Ltd. was registered on July 8, 2026, and the applicable scenario is Apple phones.

On October 14, the latest public information on the Ministry of Industry and Information Technology's telecommunications equipment access license showed that Apple's first folding screen phone, the iPhone Duo (Bank of China model A3721), completed the network access license exchange on September 29, and a new registration number for the device equipped with a larger model was added to the license file.

There are three major models that have been newly registered. The corresponding filing numbers are Shanghai-Applezhineng-202506160057, Shanghai-Tongyiwanxiang-202410090024, and Zhejiang-Tongyiqianwen-20230901, which in turn correspond to Apple Intelligence, Tongyi Wanxiang, and Tongyi Thousand Questions. The implementation of this major model filing is seen as a key step for Apple to advance AI capabilities in the Chinese market.

It is worth mentioning that the implementation of the AI function of Apple phones is almost three years behind domestic phones as a whole. As early as November 2023, various domestic brand phones equipped with large AI models were sold one after another. Today, the development of AI mobile phones in the mobile phone industry has moved from the 1.0 era of exploration to the 2.0 era. Mobile phone companies are focusing on building an AI smart ecosystem and digging deeper into user AI usage scenarios. The focus of industry competition has also moved from single-point AI function competition in the past to competition for system capabilities such as AI ecology, systems, scenarios, and functions.

The Apple concept, also known as the Apple industry chain or “fruit chain”, refers to a group of A-share listed companies that provide parts, materials, OEM and assembly services for Apple, covering various aspects such as chips, screens, acoustics, optics, structural parts, heat dissipation, batteries, and PCBs. As Apple Intelligence enters China, end-side AI is becoming a new growth point for the fruit chain. AI phones place higher demands on computing power, memory, heat dissipation, acoustics, optics, etc., driving a systematic rise in supply chain value.

“Driven by the three factors of mobile phone function innovation, appearance upgrade, and switching cycle, Apple phones are expected to usher in a new switching cycle, superimposed on the ecological layout of Apple AI, and the Apple industry chain is expected to continue to exceed expectations in the next three years.” China Galaxy Securities thinks so.

According to IDC forecasts, global GenAI mobile phone shipments will reach 432 million units in 2026. Guohai Securities believes that AI hardware is expected to be shipped on a large scale, and the end-side AI narrative will become more and more clear.

“In terms of AI phones, the focus is on the Apple industry chain. Improving computing power and operating memory is the main logic, driving iteration of PCB boards, heat dissipation, batteries, acoustics, and optics.” Guojin Securities further stated.

Related concept stocks:

Shunyu Optical Technology (02382): The world's leading supplier of optical lenses, mobile camera modules, and automotive lenses. It provides high-end camera modules and optical lenses for iPhone, iPad, and Mac, and is the core supplier of Apple's imaging systems. In early September, Goldman Sachs released a research report stating that the mobile camera module of Shunyu Optical Technology (02382) is evolving towards high-end, driving the company's revenue growth and gross margin expansion, while meeting the requirements of brand customers. The bank is optimistic about Sunwoo's long-term potential in fields such as AI edge devices, AI/AR glasses, and sports/360-degree cameras, but considering the saturated smartphone market and the current reasonable valuation, the target price was raised from HK$82.3 to HK$83.3.

Qiutai Technology (01478): Focus on mobile phone camera modules, fingerprint recognition modules, and vehicle imaging systems. It supplies mid-range and low-end camera modules for iPhones, and is deeply tied to Apple's mid-range model supply chain. Qiu Titanium Technology (01478) announced the sales volume of the main products of Kunshan Q Tech Microelectronics (India) Private Limited (India), a joint venture between the group and the company in August 2026. The sales volume of mobile phone products was 51.152 million units, up 9.8% from the previous month, down 21.3% year on year; among them, the number of camera modules sold was 37.846 million units, up 5.3% from the previous year, down 14.9% year on year; number of biometric modules sold 13.306 million units, up 25.0% from month to month, down 35.3% year on year. The number of automotive products sold was 890,000, up 7.4% month-on-month and 33.0% year-on-year. The number of IoT products sold was 2.37 million, up 30.4% month-on-month and 20.7% year-on-year.

Ruisheng Technology (02018): Global leader in acoustics, providing speakers, receivers, microphones, linear motors, and RF devices. The core supplier of acoustic components for iPhone, iPad, Mac, and AirPods, exclusively supplies some high-end linear motors. On September 9, AAC Ruisheng Technology (02018) first exhibited CPO high-precision microlens array (MLA) series products based on WLG's wafer-level glass molding process at the CIOE China Optical Expo. The products are aimed at the high-end optical communication market and are expected to be mass-produced in the second half of 2027.

Gaowei Electronics (01415): Core supplier of Apple camera modules, structural parts, and acoustic components.

Lansi Technology (06613): Lansi Technology said on the investor interactive platform that the company has achieved an in-depth layout around an emerging strategic circuit on the AI computing power side. In the direction of server structural components, production expansion has been completed in the Songshan Lake Park. Liquid-cooled cooling modules, high-end precision cabinets, and supporting components for high-speed optical communication have successively passed tests by leading computing power manufacturers, and are ushering in a decline in mass production. In the field of server storage, the company has formed a layout in the field of SSD and HDD two-wheel drive storage. Also, according to Interface News, I learned from relevant people in the industry chain that the inner screen of Apple's first folding iPhone DUO uses custom nano-textured UTG glass, which can reduce crease display. Among them, nano-textured glass was developed exclusively by Lansi Technology. Lansi Technology also recently mentioned in institutional research that the company fully supplies core components such as UTG glass, CPI film, UTG glass support plates, and 3D glass covers for major customers' folding machine projects.