Meta携手运动眼镜品牌Oakley推出AI智能眼镜，AI端侧新品持续升温

Investment Rating - The report maintains an "Outperform" rating for the consumer electronics sector [8] Core Insights - The electronic sector index increased by 1.26% during the week, outperforming the Shanghai Composite Index by 1.77 percentage points [2][13] - Semiconductor materials, printed circuit boards, and semiconductor equipment saw significant gains, rising by 7.97%, 6.42%, and 2.99% respectively [2][13] - Meta's collaboration with Oakley to launch AI smart glasses marks a significant expansion in wearable technology, following the success of Ray-Ban Meta smart glasses [4][29] - Honor's Magic V5 smartphone, featuring AI capabilities, aims to enhance user interaction and expand the AI ecosystem [5][92] Summary by Sections 1. Weekly Performance - The electronic sector index rose by 1.26%, outperforming the Shanghai Composite Index by 1.77 percentage points [2][13] - Semiconductor materials led the gains with a 7.97% increase, followed by printed circuit boards at 6.42% and semiconductor equipment at 2.99% [2][13] 2. Consumer Electronics Demand - Global smartphone shipments increased by 1.53% year-on-year in Q1 2025, totaling 305 million units [20] - Global PC shipments grew by 4.98% year-on-year in Q1 2025, reaching 63.2 million units [36] - AI smart glasses shipments surged by 215.79% year-on-year in Q1 2025, driven by strong sales of Ray-Ban Meta smart glasses [69] 3. Industry Dynamics - The PCB sector is experiencing growth, with companies like Shenghong Technology achieving a market value exceeding 100 billion yuan [83] - Meta plans to launch new AI smart glasses in collaboration with luxury brands, targeting active consumers [84][85] - Two semiconductor companies, Hengyun Chang and Shanghai Chao Silicon, have had their IPO applications accepted, indicating strong growth potential in the semiconductor sector [88][89]