Zheng Quan Shi Bao Wang·2025-09-20 01:47Group 1 - The third quarter is a traditional peak season for the electronics sector, with the overall industry performance continuing to show growth trends under normal demand conditions [1] - Strong demand for AI computing power-related products (computing chips, PCBs, power supplies, storage, and servers) is noted, with both overseas and domestic computing chains accelerating upward [1] - The storage sector is experiencing enhanced prosperity, with strong enterprise-level demand; since the second half of 2025, the growth rate and price increase of NAND and DRAM have exceeded expectations [1] Group 2 - The demand in the ToB industrial sector is steadily recovering, which is expected to drive high year-on-year growth in related analog, power, and mature process products against a low base [1] - The consumer electronics sector is in its traditional peak season, with stable downstream demand; the smart imaging industry shows strong demand, while some segments are affected by high base effects and reduced export competition [1] - Companies benefiting from market share gains and innovation upgrades are expected to perform well [1] Group 3 - The domestic semiconductor equipment supply chain is steadily advancing, with advanced logic orders gradually being fulfilled and storage orders showing signs of recovery from the bottom [1] - There is a clear trend of mergers and acquisitions within the industry [1]