电子元器件：AI Agent加速落地，智能终端化身个人助理

Investment Rating - The report maintains an "Overweight" rating for the electronic components industry, consistent with the previous rating [2]. Core Insights - The introduction of AI Agents, such as AutoGLM and Honor AI Agent YOYO, significantly enhances user experience and drives demand for hardware upgrades, leading to potential growth in the upstream supply chain [3]. - AutoGLM enables seamless cross-application operations without third-party app adaptation, enhancing user interaction through voice commands and visual understanding [7][8]. - The Honor Magic 7 series features an L3 level AI Agent, capable of executing complex tasks across applications while ensuring user privacy by processing data locally [12][13]. - The upcoming iOS 18.1 update is expected to integrate Siri with ChatGPT, enhancing user interaction and enabling autonomous cross-application operations [14]. Summary by Sections 1. AutoGLM: Enhancing User Experience - AutoGLM can interpret user voice commands and perform tasks autonomously, significantly improving user interaction and operational efficiency [7]. - It currently supports various applications, including WeChat, Taobao, and Meituan, allowing users to perform tasks like ordering food and booking tickets hands-free [8][10]. 2. Honor AI Agent: Leading the Market - The Honor Magic 7 series, equipped with an L3 AI Agent, can perform tasks such as document sharing and travel planning, enhancing user convenience [12]. - The AI Agent operates on a secure model that protects user privacy by processing data on-device [12][13]. 3. Investment Recommendations - The report suggests that the audio component sector will benefit from the enhanced interaction capabilities of AI Agents, driving hardware upgrades [15]. - Recommended stocks include Hengxuan Technology and Longqi Technology, which are expected to perform well in the evolving market landscape [15][16].