电子元器件：荣耀AI Agent率先落地，智能手机开启“自动驾驶”

Investment Rating - The report assigns an "Accumulate" rating for the industry, consistent with the previous rating [3]. Core Insights - The launch of Honor's AI Agent marks a significant advancement in smartphone technology, enabling multiple cross-application operations and providing an entry point for third-party large models, which is expected to drive performance improvements across the industry [4]. - The new flagship Magic 7 series, set to debut in October 2024, will feature the AI Agent, likely stimulating a new wave of device upgrades and increasing demand in the upstream supply chain [5]. - Honor's AI Agent is designed to ensure user privacy by processing data locally, thus preventing sensitive information from being uploaded to the cloud [5]. - The company is focusing on an open strategy to connect with third-party services, thereby expanding the capabilities of the AI Agent to meet diverse user needs [5]. Summary by Sections Investment Recommendations - The report recommends specific stocks that are expected to benefit from the advancements in AI technology, including Longqi Technology, Sitaiwei-W, Hengxuan Technology, New Xiangwei, Weier Technology, and Zhuoshengwei, with additional beneficiaries identified as Aishide and Aiwei Electronics [5][7]. Financial Projections - The report includes a valuation table for recommended stocks, detailing their closing prices and projected earnings per share (EPS) for 2024, 2025, and 2026, along with corresponding price-to-earnings (PE) ratios [7]. - For example, Longqi Technology is projected to have an EPS of 1.54 in 2024, with a PE ratio of 26.03, while Hengxuan Technology is expected to have an EPS of 3.06 and a PE ratio of 79.29 for the same year [7].