科技行业调研：新能源车渗透率持续上扬，智能手机需求稳定（续）

Investment Rating - The report maintains an optimistic outlook on the consumer electronics, new energy vehicles, and semiconductor sectors for the second half of the year, suggesting potential investment opportunities in these areas [1][3]. Core Insights - The report indicates that the penetration rate and sales of new energy vehicles in China have exceeded initial forecasts, leading to upward adjustments in industry and company fundamentals [1][3]. - The global smartphone shipment volume showed strong growth in the first half of the year, with expectations of recovery growth despite a projected decline in year-on-year growth rates in the second half due to high base effects [1][3]. - The semiconductor sector, particularly in wafer foundry and power semiconductors, is expected to continue improving in revenue growth and gross margins in the second half of the year [1][3]. Summary by Sections Consumer Electronics - The report notes a robust growth in global smartphone shipments in the first half of the year, with a forecast for recovery growth despite a decline in year-on-year growth rates in the second half [1][3]. - Companies benefiting from the decline in component costs are highlighted, with recommendations to focus on brands like Xiaomi and Transsion Holdings [3]. New Energy Vehicles - The report emphasizes that the penetration rate and sales of new energy vehicles in China have surpassed initial predictions, supporting upward adjustments in the industry's fundamentals [1][3]. - Investment suggestions include companies like Leap Motor, Li Auto, and BYD, which are expected to show strong growth momentum [3]. Semiconductors - The report indicates that Chinese wafer foundry and power semiconductor companies are in an upward cycle, with expectations for continued improvement in revenue growth and gross margins in the second half of the year [1][3]. - Recommended companies in this sector include Hua Hong Semiconductor and New Clean Energy, which are expected to benefit from product price increases [3].