Investment Rating - The report maintains an "Overweight" rating for the electronics industry, indicating a positive outlook for the semiconductor sector as it is expected to recover in the second half of 2024 [4][32]. Core Insights - The SW Electronics Index fell by 5.29% in the past week, underperforming the CSI 300 Index by 1.62 percentage points, with the semiconductor sector experiencing the largest decline of 6.36% [2][7]. - The foldable smartphone market is evolving, with Huawei set to release a tri-fold device in late 2024, potentially priced above 20,000 yuan, while Apple is expected to enter the foldable market in 2026 [3][21]. - External factors, such as the tightening of chip export restrictions by the U.S. and Japan, are driving the domestic production of semiconductor equipment and materials [3][20]. Market Review - The SW Electronics Index's performance in the past week showed a decline across various sub-sectors, with the semiconductor sector being the worst performer [2][7]. - The report highlights a significant drop in the prices of TV panels, while the prices of monitor and laptop panels remained stable [16]. Industry News - The report notes that the global AMOLED smartphone panel shipments increased by 50.1% year-on-year in the first half of 2024, driven by a recovery in the smartphone market and increased domestic production capacity [23]. - Japan has updated its semiconductor export controls, adding five new items that will take effect on September 8, 2024, which may impact the supply chain [20]. Company Announcements - Several companies in the electronics sector have released their profit forecasts for the first half of 2024, with notable increases in expected net profits for companies like Lexin Technology and Peak Technology [25].
电子行业周报（2024.07.22-2024.07.26）：折叠屏迎来高端机型与实力选手，内外因素持续推动半导体设备、材料国产化
Shanghai Securities·2024-07-30 02:02