Investment Rating - The report maintains an "Overweight" rating for the electronics industry [6] Core Views - The recent launch of ByteDance's AI smart earphones marks a significant advancement in AI hardware, with potential for strong sales driven by user experience [4] - The third-largest wafer foundry in China, Jinghe Integrated, has made significant progress in new processes, achieving over 700% growth in net profit, indicating a positive outlook for the semiconductor industry [5] - The semiconductor industry is expected to recover from its cyclical low, with a full recovery anticipated in the second half of 2024, making it a key area for investment [6] Market Review - The SW Electronics Index fell by 0.02% from October 8 to October 11, 2024, outperforming the CSI 300 Index by 3.24 percentage points [10] - Among six sub-sectors, the semiconductor sector saw the highest increase of 4.36%, while the optical optoelectronics sector experienced the largest decline of 5.33% [12][10] Industry News - Samsung Electronics reported an operating profit of approximately 9.1 trillion KRW for Q3 2024, a year-on-year increase of 274.49% [20] - Huawei's HarmonyOS NEXT public beta testing has commenced, indicating ongoing advancements in the software sector [21] - Apple is set to release a lower-cost version of the Vision Pro headset next year, reflecting trends in consumer electronics pricing [22] Company Announcements - Jinghe Integrated expects to achieve revenue of 6.7-6.8 billion CNY in the first three quarters of 2024, a year-on-year increase of 33.55% to 35.54% [29] - Other companies such as Dinglong Co. and Huace Navigation also reported significant expected increases in net profit for the first three quarters of 2024, indicating a positive trend across the sector [29]
电子行业周报（2024.10.08-2024.10.11）：字节发布新AI端侧硬件智能耳机，国产晶圆代工实现重大突破
Shanghai Securities·2024-10-15 04:03