微信灰度测试接入DeepSeek，苹果携手阿里大模型

Investment Rating - The report maintains an investment rating of "Outperform the Market-A" [6] Core Insights - The electronic industry is experiencing a stable growth trend, driven by demand in sectors such as AI, new energy vehicles, and consumer electronics [17] - The introduction of advanced AI models like DeepSeek is enhancing the search experience across various platforms, indicating a shift towards AI integration in consumer products [1][25] - BYD's announcement to equip all its models with the high-level driving system "Tian Shen Zhi Yan" reflects a growing trend towards intelligent driving technologies becoming standard in vehicles [3] Summary by Sections Industry Performance - The electronic index PE is at 48.77 times, with a 10-year PE percentile of 68.19% [4][35] - The electronic sector saw a weekly increase of 0.92%, ranking 27th out of 31 industries [4][36] - The top three gainers in the electronic sector for the week were Yunzhong Technology (+29.69%), Zhishang Technology (+22.73%), and Liyang Chip (+20.83%) [4][33] Semiconductor Sector - AI remains the core driver of incremental demand in the semiconductor market, with stable growth observed in automotive and industrial sectors [17] - TSMC reported a monthly revenue of 293.29 billion NTD in January 2025, a year-on-year increase of 35.90% [17] Consumer Electronics - The DeepSeek AI model is being integrated into various products, with different configurations available for enterprise users, indicating a trend towards AI-driven solutions in consumer electronics [25] - In October 2024, China's smartphone shipments reached 27.884 million units, showing a slight year-on-year decline of 1.1% but a month-on-month increase of 17.6% [25][26] Electric Vehicles - BYD plans to equip 21 models with the "Tian Shen Zhi Yan" intelligent driving system, emphasizing the trend of intelligent driving becoming a standard feature across all vehicles [3][20] - The domestic production of new energy vehicles increased from 1.074 million units last year to 1.566 million units in November 2024, reflecting strong consumer demand [20]