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电子元器件行业周报：Meta发布AR眼镜Orion，美光FY24Q4业绩大超预期
Great Wall Securities·2024-10-08 08:39

Investment Rating - The report recommends a positive outlook on the electronic industry, highlighting specific companies for investment opportunities [3]. Core Insights - Meta's release of the AR glasses Orion is expected to lead a new trend in the industry, combining AI and AR technologies for enhanced user experience [3][19]. - Micron's FY24Q4 performance exceeded expectations, driven by a surge in demand for storage chips due to AI, with revenues reaching $7.8 billion, a 93% year-on-year increase [3][40]. - The demand for TV panels continues to weaken, while storage prices remain stable, indicating a mixed outlook for the display market [3][33]. Summary by Sections Key Company Earnings Forecasts - Guanghong Technology: EPS 0.68 (2024E), PE 32 - Huaqin Technology: EPS 2.98 (2024E), PE 17 - Nanchip Technology: EPS 0.83 (2024E), PE 36 - Yongxi Electronics: EPS 0.05 (2024E), PE 382 - Xingsui Technology: EPS 1.16 (2024E), PE 16 - Sitwei: EPS 0.76 (2024E), PE 64 - Zhongjing Technology: EPS 0.32 (2024E), PE 100 - Jingfeng Mingyuan: EPS -0.11 (2024E), PE not applicable - Gekewei: EPS 0.09 (2024E), PE 140 - Jinghe Integration: EPS 0.33 (2024E), PE 47 - Huahong Company: EPS 1.11 (2024E), PE 29 - Woge Optoelectronics: EPS -0.18 (2024E), PE not applicable [2]. Industry Overview - In H1 2024, China's AR/VR shipments reached 233,000 units, with a year-on-year decline of 29.1%. The AR segment saw a significant increase of 101.7% [5]. - Global wearable device shipments are projected to grow by 6.1% in 2024, reaching 537.9 million units, driven by economic recovery and market refresh cycles [6]. - The US PC market is expected to grow by 6% in both 2024 and 2025, with strong demand for laptops [8]. Market Trends - Meta's introduction of the Quest 3S VR headset aims to penetrate the entry-level consumer market, with prices starting at $299 [16]. - The AR glasses Orion feature a lightweight design and advanced interaction capabilities, indicating a shift towards more integrated wearable technology [19]. - Micron's strong performance in the storage sector is attributed to the increasing demand for high-bandwidth memory and SSD products, with expectations of significant revenue growth in the coming years [40].