谷歌发布AndroidXR操作系统，AI/XR终端发展可期

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the electronic industry [8]. Core Insights - The release of Google's Android XR operating system is expected to accelerate the development of the XR ecosystem, suggesting a focus on the XR/AI smart terminal supply chain [4]. - More provinces and regions are anticipated to include consumer electronics in subsidy support, indicating potential investment opportunities in consumer electronics brands and related component manufacturers [3]. Summary by Sections Industry Performance - The electronic index PE is at 55.12 times, with a 10-year PE percentile of 74.56% [2][41]. - During the week of December 9-13, 2024, the Shanghai Composite Index fell by 0.36%, while the Shenzhen Component Index decreased by 0.73%. In contrast, the electronic sector rose by 9.36%, ranking 18th out of 31 sectors [2][41]. - The top three gainers in the electronic sector for the week were C Pioneer (+564.30%), Runxin Technology (+76.89%), and Lexin Technology (+50.20%) [2][46]. Key Developments - Jiangxi and Chengdu have joined the consumer electronics subsidy program, with Jiangxi offering a 15% subsidy (up to 1000 yuan) for mobile phones and tablets, and Chengdu providing 10% for mobile phones and 15% for other categories [1]. - Samsung is preparing to launch a new XR device at the Galaxy S25 event in January 2025, as part of its ambitious "Infinite" project [35]. Investment Recommendations - Suggested stocks to focus on in the consumer electronics subsidy program include Xiaomi Group and Lenovo Group for complete devices, and companies like Weir Shares and Simi for CIS chips [10]. - For the XR/AI supply chain, recommended stocks include Lingyi Zhi Zao, Edifier, and others [10].