华勤技术：公司整体智能终端板块仍会保持稳健的增长

Core Viewpoint - Company indicates that fluctuations in storage chip prices do not significantly impact overall profit levels as they do not directly procure these chips, relying instead on customer supply [1] Group 1: Smartphone Industry - The smartphone industry is expected to experience approximately a 10% year-on-year decline by 2026 due to certain pressures on shipments [1] - Despite the anticipated decline, the company observes an acceleration in the launch speed and diversification of customer models, along with an increase in ODM penetration, which helps mitigate some of the industry's downturn [1] - The company aims to maintain its leading position in the smartphone ODM sector [1] Group 2: Wearable Business - The wearable business is less affected by rising storage prices, with a continuing trend of brand customers replacing long-tail white-label products [1] - The company expects over 30% revenue growth in the wearable segment by 2026 [1] Group 3: Overall Performance - The overall smart terminal segment, including smartphones and wearables, is projected to sustain steady growth [1]