[Brokerage Focus] Goldman Sachs: China’s subsidy policy for the Smart Phone Industry supports growth, paying attention to related supply chain companies.

Jinwu Finance | Goldman Sachs released a research report on China's Smart Phone industry on January 4, 2025. The report pointed out that the National Development and Reform Commission of China announced on January 3 that it will expand the scope of national subsidies in 2025 to cover Smart Phones, tablets, and smartwatches. Previously, local governments had already launched Smart Phone subsidy policies ranging from 10% to 20% in 2024. Goldman Sachs expects that national subsidies will cover more Consumers, thereby boosting recent market demand, although the long-term product cycle still relies on technological upgrades (such as 6G in 2030) or design changes (such as foldable Smart Phones).

Jinwu Financial NewsJan 6 23:21 ET

Hong Kong stocks moved differently | The mobile Industry Chain rose broadly in the morning as the national subsidies for Consumer Electronics were implemented, and Institutions are Bullish on the demand for Smart Phone upgrades.

The smartphone Industry Chain saw a broad increase in the early market. As of the time of writing, AAC TECH (02018) rose by 3.57%, trading at 39.15 HKD; Sunny Optical (02382) increased by 3.23%, priced at 68.8 HKD; BYD Electronics (00285) rose by 3.19%, trading at 42.1 HKD.

Zhitong FinanceJan 6 21:02 ET

Zhaoyin International: The National Development and Reform Commission announced the expansion of the national subsidy program categories, and XIAOMI-W (01810) and others will benefit.

CMB International believes that the announcement of the national subsidy will encourage Other provinces to accelerate the implementation of policies, which will boost the overall demand for Smart Phone replacements in the short term.

Zhitong FinanceJan 6 02:39 ET

Lyon: The national mobile phone subsidies have officially launched as expected, with a preference for XIAOMI-W (01810), AAC TECH (02018), and others.

Lyon's top picks are XIAOMI-W (01810), BYD Electronic (00285), AAC TECH (02018), and SUNNY OPTICAL (02382), all rated as "outperform the market."

Zhitong FinanceJan 6 02:25 ET

[Brokerage Focus] CMB International's Outlook on CES 2025: AI Remains a Key Theme.

Jinwu Financial News | China Merchants International stated that the 2025 Consumer Electronics Show (CES) will be held from January 7 to 10 in Las Vegas, USA. The bank believes that AI will still be the hottest topic this year. Although AI was ubiquitous at the 2024 International Consumer Electronics Show, the bank expects more AI devices that can be applied in real life in 2025, including AI glasses, Smart Home products, and wearable devices. Regarding automotive technology, the bank looks forward to the latest technologies such as smart cockpits, displays, and more electric vehicle prototypes. In addition, Satellite communications, personal computers, AR/VR, and machines.

Jingwu Financial NewsJan 5 22:12 ET

BYD Overtakes Tesla as World's Largest Maker of Pure Electric Cars in Fourth Quarter

Yahoo FinanceJan 3 04:30 ET