12月30日，国家发展改革委、财政部发布关于2026年实施大规模设备更新和消费品以旧换新政策的通 知。 重点推荐： 终端品牌：小米集团，联想集团，传音控股 AI眼镜：歌尔股份、龙旗科技、恒玄科技、佰维存储、豪鹏科技 果链创新：立讯精密、蓝思科技、领益智造、比亚迪电子、信维通信 通知称，支持家电以旧换新。个人消费者购买冰箱、洗衣机、电视、空调、电脑、热水器等6类家电中1 级能效或水效标准的产品，按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补 贴不超过1500元。支持数码和智能产品购新。个人消费者购买手机、平板、智能手表手环、智能眼镜等 4类产品（单件销售价格不超过6000元），按产品销售价格的15%给予补贴，每位消费者每类产品可补 贴1件，每件补贴不超过500元。支持智能家居产品（含适老化家居产品）购新补贴，具体补贴品类、补 贴标准由地方结合实际自主合理制定。 业内人士分析称，从经济效应来看，这无疑是激活消费和推动产业升级的双重引擎。具体来看，补贴政 策向1级能效产品和智能终端倾斜，倒逼企业加大研发投入。例如，家电企业需提升压缩机、芯片等核 心部件效率以满足能效标准，而数码厂商则需在AI算 ...

Group 1 - The surge in the consumer electronics sector is driven by government subsidy policies and advancements in AI technology, leading to increased sales of smartphones and tablets [3] - Companies like Water Crystal Optoelectronics are capitalizing on the demand for smartphone camera filters, indicating a significant market opportunity [3] - The AI hardware market is experiencing rapid growth, with sales of AI smartphones doubling and smart glasses sales increasing sevenfold, driven by breakthroughs in edge AI chips [3] Group 2 - The market is currently in a phase of reduced trading volume, indicating a period of consolidation and caution among investors, which may present opportunities for long-term investments [4] - The military industry is undergoing adjustments, with companies like China Shipbuilding Emergency Management experiencing significant declines, as capital shifts towards more certain sectors like consumer electronics and AI [4] - Despite short-term fluctuations, the long-term outlook for the military sector remains positive due to ongoing trends in national defense modernization [4] Group 3 - Overall market activity is lively, but there is a need for a long-term perspective, especially regarding the potential overheating in consumer electronics and AI hardware sectors [5] - The current reduction in trading volume allows for more in-depth research into company fundamentals, rather than focusing solely on short-term market movements [5] - The adjustment in the military sector provides a chance to evaluate companies with solid orders and technology, suggesting a potential rebound post-adjustment [5]