8月5日，A股消费电子板块大爆发，朗特智能（300916）"20CM"涨停，安利股份（300218）、奕东电 子（301123）等涨超10%。但从业绩上看，消费电子公司仍存隐忧。 苹果公司强劲的业绩增长，带动部分果链企业业绩向好，立讯精密（002475）（002475.SZ）、 工业富 联（601138）（601138.SH）、领益智造（002600）（002600.SZ）、鹏鼎控股（002938） （002938.SZ）等核心供应商在今年上半年均实现不错的业绩增长。 从去年下半年开始，消费电子回暖的声音就不绝于市场，产业链对行业复苏的预期也在不断提升。走过 今年上半年，仅以目前的情况来看，这种复苏势头并不强劲。 从目前披露半年度业绩的产业链公司来看，尤其是从亏损或者下滑的案例中，能看到一些共性问题：不 少公司提及行业竞争加剧和终端价格下滑。 冠捷科技（000727）（000727.SZ）主营显示终端产品，预计上半年首亏4.5亿至4.9亿元，主因是全球显 示行业价格战加剧，终端产品售价持续下降，而面板等核心原材料成本保持相对稳定，导致综合毛利率 承压，同时，加大市场开拓力度、拓展海外渠道及汇率波动等因素导致业 ...

Core Viewpoint - The consumer electronics sector in A-shares is experiencing a mixed performance, with some companies showing strong growth while others face significant challenges due to increased competition and declining prices [1][2]. Group 1: Performance Overview - On August 5, the A-share consumer electronics sector saw a surge, with companies like Langte Intelligent and Anli Co. experiencing significant stock price increases, yet many companies still report performance concerns [1]. - Among 66 listed companies in the consumer electronics sector that disclosed their 2025 semi-annual performance forecasts, 39 reported profit growth or turnaround, while 10 experienced profit declines and 17 reported losses [1]. - In comparison to the previous year, only 44 out of the same 66 companies reported performance growth, indicating ongoing challenges in the sector's recovery [1]. Group 2: Challenges Faced - Many companies cited intensified industry competition and declining terminal product prices as common issues affecting their performance [3][4]. - For instance, AOC Technology expects a loss of 450 to 490 million yuan due to a price war in the global display industry, while other companies like Deep Kangjia A and Skyworth Digital also reported poor performance linked to market competition and declining sales prices [3][4]. - Chip manufacturer Yingfangwei anticipates a loss of 26 to 36 million yuan, attributing it to declining sales prices and low margins from new product lines [5]. Group 3: Growth Drivers - Companies in the Apple supply chain, such as Industrial Fulian and Luxshare Precision, reported strong profit growth, with Luxshare's net profit growth expected to reach between 31.57% and 66.66% [7]. - The growth in these companies is attributed to diversified business layouts and effective cost management, particularly in cloud computing and AI-driven products [7][8]. - The automotive electronics sector is also highlighted as a significant growth area, with companies like OmniVision and Allwinner Technology reporting substantial increases in revenue from automotive applications [8][9]. Group 4: Market Outlook - The consumer electronics industry is seen as being in a recovery phase, with expectations for AI-driven upgrades and wearable devices to create investment opportunities in the second half of the year [9]. - However, industry insiders remain cautious, suggesting that improvements will depend on companies' strategic adjustments and market conditions [9].