Core Viewpoint - The consumption market is undergoing a structural transformation from policy-driven expansion to quality-driven growth, with a focus on three key sectors: silver economy, maternal and infant consumption, and smart home technology [1] Silver Economy - The aging population in China is projected to reach 310 million by the end of 2024, accounting for 22% of the total population, with 220 million aged 65 and above [2] - The elderly population is increasingly seeking quality and intelligent living solutions, leading to a shift from traditional elderly care to technology-driven and health-oriented services [2] - The market for elderly products is expected to grow from 5.4 trillion yuan in 2024 to 6.1 trillion yuan by 2025, with a compound annual growth rate of 7.3% from 2014 to 2024 [2] - Over 405,000 companies related to the silver economy are currently registered in China, with approximately 75,000 new registrations in 2025 alone [2] Maternal and Infant Consumption - The retail sales of maternal and infant products (excluding food) are projected to reach 565.33 billion yuan in 2024, driven by the demand for smart, safe, and personalized products [6] - The number of registered maternal and infant product companies has exceeded 11.37 million, with about 2.99 million new registrations in 2025 [6] - Key regions for maternal and infant product companies include Guangdong, Hainan, and Hubei, which collectively account for over 35% of the total [6] Smart Home Technology - The smart home market in China is expected to reach 756 billion yuan in 2024 and surpass 800 billion yuan in 2025, with a target of reaching 1 trillion yuan by 2027 [9] - AI technology is transforming smart home products and services, enabling interconnected ecosystems that enhance user experience and energy efficiency [9] - There are over 92,000 registered smart home companies in China, with Guangdong leading in company numbers [9] Overall Market Trends - The three sectors are expected to drive significant growth in the consumption economy, transitioning from scale expansion to high-quality development, supported by policy initiatives and technological innovations [10]

先看智能网联汽车赛道，重点盯三类：一是做自动驾驶核心部件的，比如激光雷达、车载摄像头的龙 头，毕竟政策力推智能驾驶，这些硬件是刚需，头部企业研发投入占比普遍超10%；二是智能座舱服务 商，能做车机系统、车载娱乐的，现在新车智能座舱渗透率已经超60%，增长还在加速；三是车规级芯 片企业，尤其是国产替代标的，国内新能源车装车量占全球50%以上，芯片自主化是必然趋势。 朋友们，既然你要具体标的清单，帮主直接上干货！都是结合政策导向、产业逻辑和资金流向挑的，中 长线拿着心里有底，咱们不搞虚的，只说核心方向！ 再看AI消费电子赛道，核心抓"AI+"升级标的：一是AI赋能的新品类，比如带大模型的智能音箱、AI翻 译机，还有能联动智能家居的智能穿戴设备，这类产品销量同比增速都在30%以上；二是消费电子供应 链龙头，尤其是给头部品牌做AI模组、精密制造的，跟着行业升级吃红利，海外订单稳定性强；三是 AR/VR设备相关企业，政策支持数字消费，这是下一代消费电子的核心，头部企业已经开始量产落 地。 最后是银发经济赛道，聚焦"刚需+品质"：一是老年健康管理标的，比如做智能血糖仪、血压计的，还 有健康数据平台，现在60岁以上人口超2 ...

Core Insights - The 13th Jiangsu International Elderly Care Expo (referred to as "Old Expo") is being held from October 29 to 31 in Nanjing, attracting nearly 500 enterprises from home and abroad to showcase innovations in smart elderly care and rehabilitation aids [1][3] - The theme of this year's expo is "Su Suitable Elderly Care, Renew Enjoyment of Aging," with an exhibition area of 30,000 square meters featuring eight major exhibition zones [1][3] - The event highlights the increasing demand for elderly care services in Jiangsu, which has entered a moderately aging society, with projections indicating that by the end of 2024, the population aged 60 and above will reach 21.75 million, accounting for 25.5% of the total population [3] Industry Overview - The expo features a variety of smart elderly care products, including intelligent nursing devices and remote monitoring systems, showcasing the deep integration of technology and elderly care services [3] - A total of 15 supporting activities are scheduled during the expo, including the third Silver Economy Entrepreneurs Conference and the "Smart" Elderly Care Industry Summit, aimed at promoting industry collaboration and sharing cutting-edge ideas and practices [3] - The expo introduces a "combined exhibition and competition" format, hosting a skills competition for elderly care workers on-site, and emphasizes regional cooperation by attracting nearly 100 enterprises from South China [3]

Group 1 - The 2025 Shenzhen International Smart Elderly Care Industry Expo concluded, attracting over 260 companies and showcasing more than 2,000 smart elderly care products, with a total of 63,000 professional visitors and over 100,000 online viewers [1] - The expo was guided by the Shenzhen Civil Affairs Bureau and aimed to create a comprehensive industry collaboration platform covering R&D, manufacturing, services, and finance, under the theme "Empowering Technology, Activating New Momentum for the Silver Economy" [1] - A series of supply-demand matching activities were held, resulting in hundreds of companies reaching cooperation intentions, with international procurement teams and investment institutions actively participating to enhance the expo's international influence [1] Group 2 - The first "Shen Ye Health Cup" Elderly Art Festival was held, with 181 teams and nearly 2,000 participants, and over 58,000 online votes cast [2] - The Silver Age Consumption Festival linked with the elderly subsidy policy, processing over 1,000 subsidy applications and driving consumption exceeding 10 million [2] - The expo hosted over 20 high-level forums, promoting Chinese elderly care solutions internationally, with the "Silver Age Without Borders: Global Common Good" initiative receiving responses from over ten countries and regions [2]