电子行业周报：24Q3中国折叠屏手机市场华为第一，24Q3中国大陆智能手机苹果出货量第五

Investment Rating - The industry investment rating is "Overweight (Maintain)" [2][8]. Core Insights - In Q3 2024, Huawei ranked first in the Chinese foldable smartphone market, with total shipments reaching 2.23 million units, indicating a slowdown in growth despite year-on-year increases. The market penetration rate for foldable smartphones remains at 3.2% [5][15]. - Apple's smartphone shipments in mainland China ranked fifth in Q3 2024, with a total of 6.91 million units shipped, reflecting a 4% year-on-year growth. Despite a 6% decline in Apple's shipments, the demand for the iPhone 16 series is expected to remain resilient [6][16]. - Major passive component manufacturers like Murata and TDK are expected to raise prices by 10% to 20% due to increased demand from smartphone launches and a recovering PC market [6][14]. - Japan's Rapidus has commenced the construction of an advanced packaging R&D line, which is anticipated to benefit the related industry chain as the importance of advanced packaging grows in the computing era [7][14]. Summary by Sections 1. Core Insights and Investment Recommendations - The foldable smartphone industry is expected to benefit from new product launches, with a focus on companies like Dongmu Co., Jingyan Technology, and others [8]. - The Apple supply chain is projected to grow due to the launch of Apple Intelligence and new iPhone models, with recommended companies including Luxshare Precision and others [8]. - The passive components sector is expected to accelerate growth due to demand recovery and price increases, with a focus on companies like Sanhua Group and others [8]. - The advanced packaging sector is anticipated to grow, with recommended companies including Yongxi Electronics and others [8]. 2. Market Review - The A-share Shenwan Electronics Index rose by 2.14% from October 21 to October 25, outperforming the CSI 300 Index by 1.35 percentage points [9][10]. - Among the secondary sectors, optical optoelectronics performed best with a 6.63% increase, while consumer electronics remained flat [10][11]. 3. Industry News - Major passive component manufacturers are expected to increase prices by 10% to 20% due to rising demand [14]. - Rapidus has initiated the construction of an advanced packaging R&D line, set to begin operations in April 2026 [14]. 4. Company Dynamics - Blue Arrow Electronics has highlighted its diverse range of integrated circuit products and its focus on high-tech solutions [17]. - Fenghua Advanced Technology is responding to customer needs with one-stop solutions and is targeting emerging markets [17]. - Liying Intelligent Manufacturing has provided guarantees for its subsidiaries to support operational efficiency [18].