券商晨会精华 | 2026年或成为折叠屏市场复苏的关键年

Market Overview - The market showed strong performance yesterday, with major indices rebounding significantly, and both the ChiNext Index and Shenzhen Component Index reaching new highs for the year [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.44 trillion yuan, an increase of 459.6 billion yuan compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index rose by 1.65%, the Shenzhen Component Index increased by 3.36%, and the ChiNext Index surged by 5.15% [1] Industry Insights Foldable Screen Market - Galaxy Securities predicts that 2026 may be a pivotal year for the recovery of the foldable screen market, driven by anticipated new products from Apple that could stimulate market demand [2] - The introduction of new wearable devices this year is also expected to contribute to market revitalization [2] - AR glasses manufacturers are working to transition AR glasses from niche products to mainstream smart devices, with AI and AR technology advancements expected to play a significant role [2] Electronics Industry - CITIC Construction Investment reports that the consumer electronics and semiconductor sectors have shown continuous recovery in the first half of the year, entering a new phase of dual prosperity driven by AI computing power [3] - In the first half of 2025, 467 companies in the electronics sector reported a total revenue of 1,857.8 billion yuan, a year-on-year increase of 19.2%, with net profit rising by 29.0% to 85.9 billion yuan [3] - The upcoming consumer electronics peak season and the release of AI-related products are expected to positively impact the industry's fundamentals, indicating a sustained upward cycle [3] Intelligent Mining - Huatai Securities forecasts that by 2026, the proportion of intelligent coal mines will reach 30%, with the penetration rate of unmanned mining trucks also exceeding 30% [4] - The increase in intelligent mining is driven by policy support, technological advancements, and capital investment in the industry [4] - The operational maturity and economic feasibility of unmanned mining truck projects are leading to a phase of large-scale deployment, with a potential global market of nearly 60 billion expected by 2030 [4]