电子行业周报：机构预计到2030年汽车半导体市场有望翻倍

Investment Rating - The report suggests a weak recovery in demand for the electronics industry, recommending attention to upstream equipment and materials with domestic substitution logic that is relatively independent of the industry cycle [2][9]. Core Insights - The automotive semiconductor market is expected to nearly double by 2030, driven by the increasing complexity and evolution of peripheral systems such as Advanced Driver Assistance Systems (ADAS) and infotainment systems, even in scenarios where the Battery Electric Vehicle (BEV) market declines [18]. - In the first half of 2024, China's semiconductor project investment is estimated to be approximately 517.3 billion RMB, a year-on-year decrease of 37.5%, indicating a decline in the scale of semiconductor industry investment [19]. - The global smartphone shipments in Q2 2024 reached 285 million units, a year-on-year increase of 7.58%, while China's smartphone shipments in July 2024 were 22.17 million units, showing a significant year-on-year growth of 28.3% [8][9]. Market Trends - The Shanghai Composite Index fell by 0.67% and the CSI 300 Index decreased by 1.06% during the week of August 22-28, 2024, with the electronics sector underperforming the broader market [3]. - The semiconductor sales globally reached 49.98 billion USD in June 2024, reflecting a year-on-year growth of 18.3%, although this was a slight decline from the previous month's growth rate of 19.3% [9]. - The semiconductor equipment shipments from Japan in July 2024 increased by 23.61% year-on-year, but this was a decrease from the growth rate of 31.84% in June [9]. Company Dynamics - Bilibili reported a 16% year-on-year increase in total net revenue for Q2 2024, amounting to 6.127 billion RMB, with significant growth in advertising revenue by 30% [20]. - Luxshare Precision's revenue for the first half of 2024 was 103.598 billion RMB, a year-on-year increase of 5.74%, with a net profit growth of 23.89% [21].