华福证券表示，消费电子正处AI带动行业创新周期来临和巨头新品催化不断的拐点。此外，特朗普上台后或加关税的问题，对果链影响可控。此前特朗普执政过程中苹果的iPhone、iPad和Apple Watch等产品获得了关税减免。而全球消费电子制造业中，国内厂商优势非常明显。且国内厂商在越南、泰国等海外地区已经提前布局产能，即便关税落地，对公司实际经营也影响有限。The mobile phone industry chain rose collectively. As of press release, Sunyu Optics (02382) rose 6.26% to HK$56.85; Qiu Titanium Technology (01478) rose 4.44% to HK$5.18; and Ruisheng Technology (02018) rose 3.06% to HK$30.35.
The Zhitong Finance App learned that the mobile phone industry chain rose collectively. As of press release, Sunyu Optics (02382) rose 6.26% to HK$56.85; Qiu Tai Technology (01478) rose 4.44% to HK$5.18; Ruisheng Technology (02018) rose 3.06% to HK$30.35; and BYD Electronics (00285) rose 1.77% to HK$28.8.
According to the news, Tianfeng Securities pointed out that Huawei's flagship Mate 70 series will be released in November and is expected to be equipped with the HarmonyOSNext operating system. Earlier, Huawei executives revealed that the new Hongmeng Zhixing Intelligent S7 may be released together with Mate, and they are optimistic that product innovation will strongly drive the smartphone market and related supply chain in the fourth quarter. The recovery in the domestic smartphone market has slowed down, and it is expected that the future will benefit from the recovery of new models (Android flagship models equipped with Qualcomm Gen 4, Xiaomi 15 will be launched one after another at the end of October).
Huafu Securities said that consumer electronics is at an inflection point where AI drives the industry's innovation cycle and the continuous catalysis of new products from giants. Furthermore, after Trump came to power or the issue of increasing tariffs, the impact on the fruit chain is manageable. Previously, during Trump's administration, Apple products such as iPhone, iPad, and Apple Watch received tariff relief. However, in the global consumer electronics manufacturing industry, the advantages of domestic manufacturers are very obvious. Moreover, domestic manufacturers have already laid out production capacity ahead of schedule in overseas regions such as Vietnam and Thailand. Even if tariffs are implemented, the impact on the company's actual operations is limited.
