机构看好2026年AI端侧加速发展机遇，消费电子ETF（159732.SZ）小幅震荡

Group 1 - A-shares experienced a collective decline on November 28, with the Shanghai Composite Index dropping by 0.30% during intraday trading. The defense, social services, and basic chemicals sectors showed positive performance, while real estate and comprehensive sectors faced significant declines [1] - In the consumer electronics sector, there was a mixed performance among individual stocks. The Consumer Electronics ETF (159732.SZ) fell by 0.29%, while stocks like Hengxuan Technology, Xinwei Communication, and Jinghe Integration saw increases of 3.18%, 3.16%, and 2.95% respectively. Conversely, Anker Innovation and Shenghong Technology experienced declines of 2.61% and 2.46% [1] Group 2 - According to Canalys, the penetration rate of AI smartphones is expected to reach 34% by 2025, driven by the optimization of edge models and upgrades in chip computing power. The introduction of new mid-range SoCs capable of running large models smoothly will further support this trend [3] - China Galaxy Securities anticipates that major consumer electronics brands will actively embrace AI by 2025, with accelerated development of AI edge technology expected in 2026. This presents valuation enhancement opportunities for smartphone manufacturers as AI traffic entry points, alongside rapid revenue growth for smart imaging device manufacturers and investment opportunities from other smart hardware products [3] - The Consumer Electronics ETF (159732) tracks the Guozheng Consumer Electronics Index, primarily investing in 50 A-share listed companies involved in the consumer electronics industry, with significant focus on electronic manufacturing, semiconductors, and optical electronics [3]