电子行业周报：关税大幅削减下消费电子产业充分受益，关注手机、眼镜和全景相机产业链

Investment Rating - The industry investment rating is "Overweight" [1] Core Views - The consumer electronics industry is expected to benefit significantly from substantial tariff reductions, particularly in the smartphone, smart glasses, and panoramic camera supply chains [5][6] - The report highlights the strong performance of the panel sector and the weak performance of digital chip design within the electronic industry [4] - Emerging products like AI smart glasses and panoramic action cameras are gaining traction, with companies like Rokid, Snap, and Insta360 leading the market [5][6] Summary by Sections Market Overview - The Shanghai Composite Index rose by 0.76%, while the Shenzhen Component Index increased by 0.52% during the week of May 12 to May 16, 2025 [4] - The best-performing sector was panels with a 0.91% increase, while digital chip design saw a decline of 2.05% [4] Consumer Electronics - In the U.S. smartphone market, Apple holds a 60% market share, followed by Samsung at 20% and Lenovo (Motorola) at 10% [5] - AI smart glasses are projected to see significant growth, with global shipments expected to reach 80 million units by 2030 [5] - Insta360 has become the global leader in panoramic cameras, with a market share of two-thirds of the total sales [6] Company Insights - Key companies in the Apple supply chain include Luxshare Precision, GoerTek, and others [6] - Xiaomi is set to release its self-developed chip, with related companies including Xiaomi Group and Kingsoft Cloud [6] - Companies involved in AI smart glasses technology include Hengxuan Technology and TaiLing Microelectronics [9] Stock Performance - The top five performing stocks for the week included Jingyan Technology and Sixuan New Materials, while the weakest performers were Dalian Technology and Changguang Huaxin [49]