Core Insights - The article emphasizes the formation of a clear and efficient "innovation closed loop" in the global technology industry, with CES in Las Vegas serving as the "trend source" and CES Asia in Beijing as the "value converter" [2][3] Group 1: CES as a Trend Source - CES is regarded as the "first test" of global technology trends each January, showcasing cutting-edge technologies and defining the technological agenda for the year ahead [3] - The core value of CES lies in its ability to "define" the focus of industry competition and the flow of capital and R&D resources [3] - Innovations presented at CES face significant challenges in transitioning from prototypes to market-ready products, requiring further development in closer-to-market environments [3][4] Group 2: CES Asia as a Value Converter - CES Asia, scheduled for June 10-12, 2026, in Beijing, has evolved beyond mere exhibition to become a "commercial validation arena" and "value converter" for global innovations [4] - The focus at CES Asia shifts from "what technology can do" to "what the market needs," allowing companies to iterate products based on feedback from CES [4][5] - The event serves as a platform for companies to present viable commercial solutions tailored to the unique preferences and regulatory environments of Asian markets [4][5] Group 3: Value Realization Dimensions - CES Asia's value realization is evident in three dimensions: market validation and product calibration, industry ecosystem integration, and investment and scalable implementation [5] - Innovations are tested against one of the world's most dynamic consumer bases, influencing production decisions and product features [5] - The event brings together a complete industry ecosystem, facilitating the transformation of collaboration intentions from CES into concrete contracts and agreements [5] Group 4: Closed Loop Logic - The dual-platform strategy of "CES debut, CES Asia showcase" follows the objective laws of technology commercialization, creating a complete loop from global definition to regional value creation [6] - This closed loop reflects significant changes in the global technology landscape, with Asia, particularly China, emerging as a core of the global supply chain and a fertile ground for innovative application scenarios [6] - Increasingly, tech giants and startups are incorporating CES Asia into their product launch cycles, viewing it as a critical milestone for transitioning innovations from R&D to revenue growth [6]

Group 1 - The A-share market showed mixed performance on December 30, with the Shanghai Composite Index down by 0.02%, while sectors such as petrochemicals, aerospace, and cultural media saw gains [1] - The consumer electronics sector was active, with the Consumer Electronics ETF (159732) rising by 0.45%. Notable individual stock performances included Zhaosheng Microelectronics up by 12.78%, Baiwei Storage up by 4.42%, and Xiechuang Data up by 3.64% [1] Group 2 - IDC reported that VITURE captured 28.1% of the U.S. AR market in Q3 2025, leading the market due to the launch of the VITURE Luma series XR glasses. Meta entered the rankings for the first time with a 16.8% market share, while RayNeo ranked third with 16.3% [3] - According to Galaxy Securities, the current PE-TTM for the consumer electronics sector is approximately 39 times, which is relatively low compared to other sectors within the electronics industry [3] - The Consumer Electronics ETF (159732) tracks the National Securities Consumer Electronics Index, primarily investing in 50 A-share listed companies involved in the consumer electronics industry, with significant focus on electronic manufacturing and optical optoelectronics [3]

作者 | 李 佳 编辑 | 硬 AI 一年一度的消费电子展（CES）即将于下周在拉斯维加斯拉开帷幕，英伟达、三星、联想等科技巨头将面临一场关键考验：向普通消费者证明AI硬件值得买单。 这场年度科技盛会将不再局限于概念展示，而是成为检验AI产品真实市场需求的重要试金石，企业需要向市场证明，AI不仅能"做出来"，更能"卖出去"。 1月6日至9日举行的CES展会上， 英伟达首席执行官黄仁勋将展示AI底层技术，而三星、联想、AMD等厂商则将推出大量以AI为核心卖点的消费级产品。 此前， Humane AI Pin和Rabbit R1等AI硬件产品因评测不佳遭遇商业失败，给行业敲响警钟。 本届展会将集中展示AI智能眼镜、人形机器人、可穿戴设备等硬件产品 。主办方美国消费技术协会专门划出整个展厅用于机器人展示，凸显这一品类的重要性。 01 AI眼镜成为焦点之一 智能眼镜将是本届CES的核心焦点之一。 据彭博社报道，展会上预计将涌现大量AI驱动的眼镜产品。Snap和苹果均计划在2026年底前推出各自的智能眼镜产 品，延续由Meta等公司推动的这一品类热度。 尽管Meta和Snap均确认参展，但主要硬件发布预计将来自Xrea ...

据交易所数据显示，截至12月30日开盘一小时，大盘主力资金净流出210.00亿元。主力资金流入前十大板块分别为： 半导体（11.77亿元）、 汽车零部件 （10.36亿元）、文化 传媒（8.65亿元）、 消费电子（3.96亿元）、计算机设备（3.32亿元）、 通信服务（3.28亿元）、 通用设备（2.83亿元）、 电网设备 （1.67亿元）、 游戏（1.64亿元）、互联网服务（1.21亿元）。 | | 板块名称 涨跌幅(%) 板块资金流向 | | 净流入最大 | | --- | --- | --- | --- | | 半导体 | 0.59 | 11.77亿元 | N强- | | 汽车零部件 | 0.54 | 10.36亿元 | 山子高科 | | 文化传媒 | 1.5 | 8.65亿元 | 蓝色光标 | | 消费电子 | 0.75 | 3.96亿元 | 歌尔股份 | | 计算机设备 | 0.97 | 3.32亿元 | 御银股份 | | 通信服务 | -0.02 | 3.28亿元 | 中国卫通 | | 通用设备 | 0.53 | 2.83亿元 | 雪人集团 | | --- | --- | --- | --- | ...

| 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 01478 | 丘钛科技 | 8.440 | 2.93% | | 02382 | 舜宇光学科技 | 65.100 | 2.68% | | 06613 | 蓝思科技 | 24.620 | 2.07% | | 00856 | 伟仕佳杰 | 8.010 | 1.39% | | 00285 | 比亚迪电子 | 34.060 | 1.31% | | 02018 | 瑞声科技 | 38.940 | 1.41% | | 01415 | 高伟电子 | 27.120 | 0.67% | 港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 12月30日，港股苹果概念股普遍上涨，其中，丘钛科技涨3%，舜宇光学涨2.68%，蓝思科技涨2%，瑞 声科技、比亚迪电子、伟仕佳杰均上涨1.4%。 消息上，招银国际研究部副主管及科技行业分析师伍力恒表示，尽管受记忆体涨价及内地补贴红利退坡 影响，明年全球智能手机出货量预测按年下降5%，至11.8亿部，但苹果将迎来"创新大年"，包括发布备 受期待的首部折叠屏手机，有助进一步巩固领 ...

Core Viewpoint - Apple is facing significant challenges with leaks and is preparing to launch a foldable iPhone, which is expected to be a high-end product with a price point between $2000 and $2500, marking a departure from its traditional product lineup [1][12]. Group 1: Product Launch and Features - Next year, Apple is expected to release only three new iPhone models: iPhone 18 Pro, iPhone 18 Pro Max, and the new iPhone Fold, with no standard or Plus versions [2][3]. - The iPhone Fold is anticipated to be a major innovation, as Apple aims to transition from minor updates to a significant form factor change [3]. - The iPhone Fold will feature a 5.5-inch outer screen and a 7.8-inch inner screen, with a thickness of only 4.5mm when unfolded, making it thinner than the current iPhone Air [10]. Group 2: Technical Innovations - Apple has reportedly solved the major issue of visible creases in foldable screens by incorporating a metal pressure distribution plate and using liquid metal in the hinge for enhanced durability [6]. - The device will utilize Apple's second-generation self-developed modem, C2, which supports full-band cellular networks and is expected to improve battery life due to more efficient design [11]. Group 3: Market Reception and Pricing - The starting price for the iPhone Fold is projected to be between $2000 and $2500, raising questions about consumer willingness to pay for a foldable device [12]. - Previous models like the iPhone mini and iPhone Plus have shown that not all innovative designs resonate with consumers, leading to skepticism about the iPhone Fold's market acceptance [9][12].

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，以反映消费电子主题上市公司证券 的整体表现。 截至2025年12月30日 09:38，中证消费电子主题指数(931494)上涨0.70%，成分股信维通信(300136)上涨 6.78%，环旭电子(601231)上涨5.29%，芯原股份(688521)上涨3.64%，中芯国际(688981)上涨3.09%，通 富微电(002156)上涨2.67%。消费电子ETF(561600)上涨0.41%，最新价报1.22元。 消息面上，据高工产业研究院(GGII)不完全统计，2025年我国锂电产业链全环节公开投资项目(含锂电 池及主要材料、固态电池、钠电池)超282个，总投资额超8200亿元，同比增长超74%。 国开证券指出，固态电池作为下一代电池技术的核心，其在消费电子领域的渗透率有望从2025年的1% 提升至2030年的12%，高能量密度、高安全性的特性使其成为推动智能穿戴、高端手机及具身智能机器 人等产品升级的关键动力。随着氧化物/聚合物混合路线的半固态电池率先实 ...

人民财讯12月30日电，据光峰科技（688007）消息，12月29日，闪极科技发布loomos AI显示眼镜S1。 据介绍，闪极S1首次实现显示眼镜前框的极致轻量化与可调曲度特性，搭载了光峰科技定制化研发的 蜻蜓G1MINI光学引擎，在可弯曲镜框上实现双眼异步显示与真3D效果。 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 国际数据公司（IDC）发布了最新的设备市场展望报告，其结论直言不讳：情况正在恶化。在最新公 布的悲观预测情景下，2026年个人电脑出货量可能下降高达9%，而较为温和的预测情景则显示市场 萎缩幅度为5%。这些数据较IDC 11月份发布的2.5%的降幅有所修正。 自10月中旬加速恶化开始，全球内存短缺问题的程度已经超过了IDC最初的预测。虽然该公司并未正 式完全修改其官方预测，但其目前提出的情景明显比几周前的预测更为悲观。 其根本驱动力与2025年末席卷科技行业的诸多因素相同：人工智能基础设施。超大规模数据中心对内 存的需求激增，导致DRAM和NAND闪存的生产重心从消费级设备转向高利润的企业级组件，例如高 带宽内存和高密度DDR5内存。对于内存制造商而言，这是一个经济上合理的选择，但IDC明确指 出，这并非典型的繁荣与萧条周期；而是硅产能的战略性重新配置，其影响可能持续数年而非数个季 度。 对于智能手机而言，这种影响是真实存在的，但程度并不均衡。内存成本在手机物料清单中占据相当 大的比例，尤其是在利润本就微薄的中端机型中。IDC 警告称，OEM 厂商可能会采取提高 ...

从券商推荐家数来看，12月29日有27家上市公司得到券商推荐，其中海澜之家、华创云信、桂冠电力等 获得1家推荐。 首次覆盖方面，12月29日券商共给出了8次首次覆盖，其中上峰水泥获得东莞证券给予"增持"评级，爱 旭股份获得开源证券给予"增持"评级，利柏特、珠海冠宇获得国盛证券给予"买入"评级，百龙创园获得 华泰证券给予"买入"评级。 南财投研通数据显示，12月29日，券商给予上市公司目标价共11次，按最新收盘价计算，目标价涨幅排 名居前的公司有晶品特装、环旭电子、安克创新，目标价涨幅分别为43.02%、35.06%、30.02%，分别 属于军工电子、消费电子行业。 | | | 8家最新被首次覆盖的公司 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 机构 | 最新评级 | 行业 | | 000672 | 上峰水泥 | 东莞证券 | 増持 | 水泥 | | 600732 | 爱相股份 | 开源证券 | 增持 | 光伏设备 | | 605167 | 利柏特 | 国盛证券 | 买人 | 专业工程 | | 688772 | 珠海冠宇 | 国盛证券 | 求人 ...