消费电子系列跟踪：折叠屏和果链标的涨幅居前，持续关注9月消费电子新品

Investment Rating - The industry rating is "Follow the Market," indicating that the overall return of the industry is expected to be between -5% and 5% relative to the market benchmark over the next 6 to 12 months [13]. Core Insights - The consumer electronics sector is experiencing a short-term stabilization and recovery, driven by AI-induced innovation cycles and continuous product launches from major companies [3]. - The consumer electronics index increased by 3.07%, outperforming the Shanghai and Shenzhen 300 index, which decreased by 0.17% during the same period [2]. - Key players in the foldable screen supply chain, such as Jingyan Technology and Kaisheng Technology, saw significant stock price increases, with gains of 21.25% and 26.39% respectively [2]. - Apple’s supply chain stocks also performed well ahead of the upcoming product launch, with notable increases in companies like Lixun Precision and Dongshan Precision, which rose by 16.7% and 7.11% respectively [2]. Summary by Sections Foldable Screen Supply Chain - Huawei is set to launch its new foldable smartphone in September, leading to a surge in related stocks [2]. - Companies such as Jingyan Technology and Kaisheng Technology have shown substantial stock price increases, indicating strong market interest [2]. Apple Supply Chain - The Apple product launch event is scheduled for September 9, which has positively impacted the stock prices of related companies [2]. - Lixun Precision and Dongshan Precision are among the top performers in the Apple supply chain, reflecting investor optimism [2]. Financial Performance - Liying Intelligent Manufacturing reported a revenue of 19.1 billion yuan for the first half of 2024, a year-on-year increase of 25.06%, although net profit decreased by 44.53% [2]. - The company’s AI terminal and communication business grew rapidly, contributing to a revenue of 17.64 billion yuan, up 29.8% year-on-year [2]. AI Impact - AI is expected to drive hardware transformations in consumer electronics, particularly in smartphones, leading to increased demand for upgrades [3]. - The integration of AI is anticipated to shorten the replacement cycle for smartphones, resulting in stable annual shipment growth [3]. - New hardware forms, such as AR/VR and AIOT products, are likely to emerge, spurred by AI capabilities [3].