电子行业周报：前三季度我国规模以上互联网企业收入同比增长2.7%

Investment Rating - The electronic industry is rated as "stronger than the market" based on the expected performance of the industry index relative to the market benchmark index [22]. Core Insights - The electronic industry is experiencing a continuous recovery in demand, with a recommendation to focus on upstream equipment materials that are relatively independent of the industry's cyclical trends [3][10]. - The global tablet market saw a significant rebound, with a 20.4% year-on-year increase in shipments in Q3 2024, reaching 39.6 million units [18]. - China's internet enterprises with revenues above a certain scale reported a 2.7% year-on-year growth in revenue for the first three quarters of 2024, totaling 1,270.3 billion yuan [17]. Market Trends - The Shanghai Composite Index rose by 3.6% and the CSI 300 Index increased by 3.47% during the week of October 31 to November 6, 2024, with the electronic industry outperforming the broader market [2][4]. - The electronic sector's PE ratio increased to approximately 55.31 times [4]. Industry Data - Global smartphone shipments reached 316 million units in Q3 2024, reflecting a year-on-year growth of 4.01% [8]. - In September 2024, China's smartphone shipments were 23.7 million units, showing a year-on-year decline of 25.71% [9][19]. - Global semiconductor sales in September 2024 amounted to $55.32 billion, marking a 23.2% year-on-year increase [9][14]. Company Dynamics - BOE Technology Group reported a net profit increase of 223.8% year-on-year for Q3 2024, with total revenue reaching 143.73 billion yuan [19].