Core Viewpoint - The 2025 China Manufacturing Beauty (MEI Awards) annual evaluation, hosted by Focus Technology Co., Ltd. and China Manufacturing Network, showcased a record 8,540 entries, reflecting the innovative vitality and brand confidence of Chinese manufacturing [1][3]. Group 1: Event Overview - The MEI Awards have been held since 2011, aiming to "discover the beauty of manufacturing and showcase quality products," with participation from tens of thousands of manufacturing enterprises over the years [3]. - This year's evaluation involved collaboration with four universities, resulting in 660 outstanding products advancing to the final evaluation [5]. Group 2: Evaluation Process - Experts from various fields, including industrial design and manufacturing, assessed the final products based on design innovation, manufacturing processes, user experience, market value, and social benefits [5]. Group 3: Award Winners - A total of 12 gold awards, 24 silver awards, and several other awards were presented, highlighting the theme of "Intelligent Manufacturing Beauty" [7]. - Notable winners included a brushless cold-cutting saw from Hangzhou Aikuri Import and Export Co., Ltd., which reduced failure rates by over 80% and improved cut flatness by 40% [7]. - The VOYAGER-UR600 underwater robot from Hainan Voyager Technology Co., Ltd. won a gold award for its capabilities in deep-sea exploration, achieving depths over 400 meters and a three-hour endurance [7]. - In the consumer electronics category, the AI AR glasses from Shanghai Zotac Technology Co., Ltd. were recognized for their innovative solutions in product promotion and remote demonstrations [7]. Group 4: Industry Trends - Compared to previous years, the 2025 entries showed significant advancements in design, technology innovation, and manufacturing processes, indicating a shift towards more practical and core innovations in Chinese manufacturing [8]. - The awards also support the internationalization strategy of brands, allowing winners to participate in global events and use the MEI Awards logo to enhance brand value and pricing power [8]. - The 15-year journey of the MEI Awards marks a transformation in Chinese manufacturing from "mainly OEM" to "independent brands" and from "catching up" to "leading innovation" [8].

截至2025年12月12日 13:20，中证消费电子主题指数(931494)强势上涨1.38%，成分股东山精密(002384) 上涨7.57%，芯原股份(688521)上涨7.37%，北京君正(300223)上涨4.79%，豪威集团(603501)，瑞芯微 (603893)等个股跟涨。消费电子ETF(561600)上涨1.36%，最新价报1.19元。 消费电子ETF(561600)，场外联接(平安中证消费电子主题ETF发起式联接A：015894；平安中证消费电 子主题ETF发起式联接C：015895；平安中证消费电子主题ETF发起式联接E：024557)。 数据来源：wind 消息面上，近日，夸克AI眼镜S1在多个渠道频频"上架即售罄"。发货周期已被拉长至45天，而在二手交 易市场，现货价格更是被炒到4000元-5000元。天猫、抖音、京东等主流电商平台显示，夸克AI眼镜S1 均处于售罄状态。客服表示，目前正在紧急增产备货，尽快让消费者能收到货。 消费电子ETF紧密跟踪中证消费电子主题指数，中证消费电子主题指数选取50只业务涉及元器件生产、 整机品牌设计及生产等消费电子相关的上市公司证券作为指数样本，以反映消 ...

Group 1 - The A-share market saw a collective rise in the three major indices, with the Shanghai Composite Index increasing by 0.18%, driven by strong performances in the electronics, power equipment, and non-ferrous metals sectors [1] - The Consumer Electronics ETF (159732.SZ) rose by 1.77%, with notable gains from component stocks such as Dongshan Precision (+6.91%), Jinghe Integrated (+6.57%), Desay SV (+4.81%), OmniVision (+4.49%), and Rockchip (+3.65%) [1] Group 2 - Li Auto officially launched its AI accessory, the Livis smart glasses, in collaboration with Zeiss, marking a strategic move to enhance its brand ecosystem and explore new interaction methods beyond traditional mobile and internet companies [3] - The cross-industry integration may prompt more automotive companies to focus on similar devices, potentially impacting the competitive landscape and driving technological advancements in upstream optical and acoustic sensors [3] - The smart glasses industry chain is expected to have long-term development potential, possibly becoming the next major consumer electronics category after smartphones, warranting continued attention to investment opportunities within the industry chain [3]

Market Overview - The Hong Kong stock market indices opened higher and continued to rise, with the Hang Seng Index closing up by 1.36% at midday [1] - The Hang Seng China Enterprises Index and the Hang Seng Tech Index increased by 1.17% and 1.45% respectively, indicating a sustained recovery in market sentiment [1] Sector Performance - Major technology stocks, serving as market barometers, collectively rose, contributing to the overall market uptrend [1] - Consumer sectors, including restaurants, dairy products, and home appliances, became active following the central government's emphasis on promoting consumption [1] - Precious metals such as silver and copper reached new highs, while stocks in the non-ferrous metals sector showed renewed strength [1] Notable Trends - Despite the overall positive market movement, consumer electronics stocks that performed strongly previously experienced declines [1] - The semiconductor sector saw a majority of stocks decline, contrasting with the performance of other sectors [1]

Core Viewpoint - The Central Economic Work Conference held on December 10-11 has outlined the optimization of the "large-scale equipment update and consumer goods replacement" policy for 2026, with a focus on extending and optimizing the "national subsidy" policy closely related to consumer electronics [1] Group 1: Policy Impact - The national subsidy policy has shown significant effectiveness, with over 2.5 trillion yuan in sales driven by the replacement program under the support of 300 billion yuan in long-term special bonds in 2025 [1] - The continuation of the national subsidy is expected to further stimulate terminal demand, alongside product upgrade cycles driven by AI technology penetration in the consumer electronics sector [1] Group 2: Market Performance - As of December 12, 2025, the CSI Consumer Electronics Theme Index (931494) rose by 1.50%, with notable increases in component stocks such as Dongshan Precision (6.51%), Beijing Junzheng (5.89%), and Chipone (5.75%) [1] - The Consumer Electronics ETF (561600) also saw a rise of 1.36%, with a latest price of 1.19 yuan, and a trading volume of 969.20 million yuan [1] Group 3: ETF Growth - The Consumer Electronics ETF experienced a significant growth of 32.59 million yuan in scale over the past month [2] - The CSI Consumer Electronics Theme Index includes 50 listed companies involved in component production and consumer electronics design, reflecting the overall performance of the sector [2] - The top ten weighted stocks in the index account for 56.39% of the total index weight, indicating a concentrated market structure [2]

来源：环球网 报告指出，苹果计划于2026年启动首款折叠屏iPhone的面板采购工作。CounterPoint Research副总监 Guillaume Chansin表示，这一举措将重振全球折叠屏市场活力，有效拉动面板出货量大幅提升，为产业 链上下游带来新的发展机遇。 在供应链格局方面，随着市场规模持续扩大，行业竞争态势逐渐清晰。三星显示凭借深厚的技术积累和 充足的产能优势，预计将占据2026年全球折叠屏手机面板市场57%的份额，成为此次市场增长浪潮中的 最大受益者。其他供应商表现各有分化：京东方市场份额预计同比下降8%；维信诺同比增长8%；TCL 华星光电同比增幅达47%；天马则实现580%的大幅同比增长，展现出强劲的发展潜力。 值得关注的是，大尺寸折叠屏已逐渐成为市场主流趋势，这一变化将推动2026年折叠屏面板平均售价 （ASP）出现实质性上涨，进一步拓宽供应链企业的利润空间，促进行业高质量发展。 在产品形态方面，折叠屏手机市场正经历关键转折。左右折叠（Book-type，又称大折叠/书本式折叠） 设计将在2026年进一步巩固其主导地位。以三星Galaxy Z Fold7系列为例，在2025年下半年的 ...

依托先进的感应技术，用户无需将设备从口袋或包中取出，车辆便能自动识别并响应，真正实现"无感 解锁"。进入车内后，驾驶者无需额外操作手机，可直接启动车辆行驶，全程流程简洁顺畅，大幅提升 出行便捷性。针对用户关注的设备续航问题，该功能配备了完善的解决方案——即便iPhone或Apple Watch电量耗尽并自动关机，内置的备用电量功能（Power Reserve）仍能保障数字钥匙正常工作，避免 因设备断电影响用车。 作为长期位列该技术支持车企名单的品牌，保时捷此次明确了数字车钥匙功能的落地时间与首发车型， 填补了此前技术应用的具体信息空白。据了解，该功能的集成将彻底改变传统车辆交互模式，车主无需 携带物理钥匙，仅需随身携带iPhone或Apple Watch，即可完成车门及尾箱的解锁操作。 从技术层面来看，苹果数字车钥匙基于低功耗蓝牙（BLE）和超宽带（UWB）技术构建，确保了连接 的稳定性与安全性。数字钥匙将安全存储于Apple Wallet（苹果钱包）应用中，同时支持通过邮件、短 信（Messages）等方式与其他用户共享，进一步拓展了使用场景。（纯钧） 来源：环球网 【环球网科技综合报道】12月12日消息， ...

Group 1: Holiday Impact on Consumption - The introduction of winter and autumn holidays in various regions has significantly boosted tourism and consumption, with ski resorts in Jilin Province receiving over 50,000 visitors on the first day of the "snow holiday" [1] - In Urumqi and Altay, the first "snow holiday" led to a 43% increase in search volume for "Altay skiing" and nearly a 100% increase for "Altay homestays" on third-party platforms [1] - The implementation of autumn holidays in regions like Guangdong and Zhejiang has resulted in over 50% growth in tourism product bookings, with Chengdu seeing a 65% increase in tourist numbers and revenue [3] Group 2: Economic Insights - The increase in leisure time is seen as beneficial for balancing supply and demand, addressing the current economic issue of insufficient demand rather than production [5] - The need for more holidays is emphasized as a way to stimulate the consumption market, especially as domestic demand becomes a dominant force in the economy [7] Group 3: Corporate Developments - Coca-Cola announced a succession plan for its CEO, with Henrique Braun set to take over in March 2026, while current CEO James Quincey will transition to Executive Chairman [8] - Suntory Holdings appointed Eiichiro Nishida as the president of its domestic alcoholic beverage business starting January 2026 [9] - Mars Inc. completed the acquisition of Kellanova, the parent company of Pringles, for a total consideration of $35.9 billion [10]

近一年中国平板电脑出口情况统计图 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2026-2032年中国平板电脑行业市场行情监测及发展前景研判报告》 根据中国海关数据显示：2025年10月中国平板电脑出口数量为0.09亿台，同比下降12.3%，出口金额为 16.86亿美元，同比下降13.6%。 ...

Core Viewpoint - The consumer electronics sector is experiencing significant growth driven by AI edge products, with a projected market expansion from 321.9 billion to 1.22 trillion yuan between 2025 and 2029, reflecting a compound annual growth rate (CAGR) of 40% [1]. Group 1: Market Performance - As of December 12, 2025, the CSI Consumer Electronics Theme Index (931494) increased by 0.40%, with notable gains from companies such as Dongshan Precision (up 4.90%) and Ruixin Micro (up 3.47%) [1]. - The Consumer Electronics ETF (561600) rose by 0.43%, with the latest price reported at 1.18 yuan [1]. Group 2: AI Product Innovations - TCL showcased a range of AI edge products at the 2025 Global Technology Innovation Conference, including smart glasses, AI air conditioners, and AI washing machines, indicating a shift in user interaction with smart devices [1]. - Major tech companies like Alibaba and ByteDance are accelerating their development of AI edge hardware, with products such as Quark AI glasses and Doubao mobile assistant, enhancing user experience through advanced AI capabilities [2]. Group 3: Index Composition - The top ten weighted stocks in the CSI Consumer Electronics Theme Index account for 56.39% of the index, including companies like Luxshare Precision and Cambricon Technologies [3].