行 业 研 半导体设备自主可控是当下强确定性和弹性兼备科 技主线 投资评级：看好（维持） 行业走势图 数据来源：聚源 -24% -12% 0% 12% 24% 36% 48% 60% 72% 2024-12 2025-04 2025-08 电子 沪深300 相关研究报告 《AI 端侧产品密集出新，国产算力初 创公司资本化加速—行业周报》 -2025.12.7 《Gemini 3.0 强化 TPU 降本逻辑，AI 眼镜有望迈向起量元年—行业周报》 -2025.11.30 《NV 业绩强劲、谷歌发布 Gemini3， 算力景气度持续验证—行业周报》 -2025.11.23 陈蓉芳（分析师） 陈瑜熙（分析师） chenrongfang@kysec.cn 证书编号：S0790524120002 chenyuxi@kysec.cn 证书编号：S0790525020003 海外科技巨头业绩不及预期，美股率先调整 请务必参阅正文后面的信息披露和法律声明 1 / 3 本周（2025.12.8-2025.12.12）电子行业指数涨 1.36%，其中半导体领涨 3.30%。 光学光电子跌 1.23%，消费电子跌 1.39%；海外 ...

Group 1 - Nvidia has received approval from the US government to sell its H200 AI chips to China, which is seen as a positive move for the company [4] - JD.com acknowledged a temporary system failure in its "随心囤" service and stated it would bear all losses incurred by merchants due to this issue [4] - Sam's Club responded to a report of a live mouse found in a product, stating that the issue was due to external factors and they would enhance their packaging and delivery services [4][6] Group 2 - Canon's factory in Zhongshan has halted production, with compensation for employees reportedly exceeding legal standards, with an average payout around 2.3N [6] - Ideal Auto plans to launch its first L4 autonomous vehicle within three years, indicating a strong belief in the future of driverless cars [8] - Xiaomi is set to close underperforming stores as part of a strategic shift towards quality improvement, incurring a one-time loss of approximately 27.26 million yuan [8] Group 3 - Huawei's Yu Chengdong announced the launch of the first MPV named "智界 V9" under the HarmonyOS, emphasizing its technological innovations [8] - Tencent has rebranded its large model from "混元" to "Tencent HY" for better market alignment [8] - Anker Innovations stated its commitment to responsible product recalls, implementing measures to enhance product reliability [8] Group 4 - PepsiCo plans to cut 20% of its US product line and implement layoffs as part of a cost-reduction strategy following pressure from activist investors [13] - Blue Current, a solid-state battery company, has raised over $80 million in funding led by Amazon, aimed at accelerating commercialization [13] - MetaComp, a cross-border payment service provider, completed a multi-million dollar Pre-A round of financing to enhance its technology and market reach [14] Group 5 - IDC predicts a significant growth in the foldable smartphone market by 2026, driven by new product launches from major brands [18][20] - Morgan Stanley forecasts that humanoid robots will lead a surge in tech stocks, with the market potentially exceeding $5 trillion by 2050 [21]

（原标题：AI终端渗透正进入加速阶段，消费电子ETF易方达、消费电子ETF富国、消费电子50ET年内 涨超45%） A股消费电子板块活跃。 消费电子ETF追踪中证消费电子主题指数，其前十大成分股覆盖了立讯精密、寒武纪、工业富联、中芯 国际、京东方A、兆易创新、澜起科技、豪威集团、东山精密、亿纬锂能等。 生益电子、工业富联涨超6%，带到消费电子ETF易方达、消费电子ETF富国、消费电子50ETF、消费电 子ETF、消电ETF上涨，消费电子ETF易方达、消费电子ETF富国、消费电子50ET年内涨幅超45%。 从最新数据看， 2025Q3全球智能手机出货量同比+2.09%，中国智能手机出货量同比-0.60%。2025Q3 全球智能手机出货3.23亿台，同比+2.09%，环比+9.42%；中国智能手机出货0.68亿台，同比-0.60%，环 比-1.45%。 2025Q3全球PC出货量同比+8.21%。2025Q3全球PC出货量达到6,991.40万台，同比 +8.21%，环比增长10.58%；全球PC累计出货量为1.92亿台，同比+5.88%，市场呈现复苏态势。 财信证券认为，2025年第三季度折叠屏手机出货量迎来回 ...

【导读】上午三大指数涨跌不一，CPO持续走强，创新药、消费电子、零售股上涨；而贵金属、房地产等板块走弱 12月9日上午，A股三大股指涨跌不一。截至午间收盘，沪指报3918.83点，跌0.13%，深证成指涨0.09%，创业板指涨1.07%。 12月9日上午，A股通信设备板块继续领涨市场，光模块（CPO）概念板块再度上涨，已实现四连涨，中际旭创、天孚通信股价再创新高。 "易中天"大涨。中际旭创涨6.94%，现报609.58元/股，创历史新高，最新市值达6773亿元。 新易盛涨4.42%，现报422.4元/股，最新市值为4199亿元。 沪深两市半日成交额为1.26万亿元，较上个交易日缩量347亿元。个股涨多跌少，全市场共1738只个股上涨，40只个股涨停，有3555只个股下跌。 从板块看，光模块（CPO）持续拉涨，创新药、消费电子、商业百货、培育钻石概念板块走强；而贵金属、房地产等板块领跌。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 覆铜板 | ...

【导读】上午三大指数涨跌不一， CPO持续走强，创新药、消费电子、零售股上涨；而贵金属、房地产等板块走弱 中国基金报记者 张舟 大家好，基金君和你继续关注今天的市场行情！ 12月9日上午，A股三大股指涨跌不一。截至午间收盘，沪指报3918.83点，跌0.13%，深证成指涨0.09%，创业板指涨1.07%。 沪深两市半日成交额为1.26万亿元，较上个交易日缩量347亿元。 个股涨多跌少，全市场共1738只个股上涨，40只个股涨停，有3555只 个股下跌。 从板块看，光模块（CPO）持续拉涨，创新药、消费电子、商业百货、培育钻石概念板块走强；而贵金属、房地产等板块领跌。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 覆铜板 | 电路板 | | 电路交换机(光模块(CPO) | 培育钻石 | 电子元器件 | 办公用品 | 通信设备 | 零售 | 重型机械 | | 3.95% | 2.93% | 2.93% | 2.59% | 2.49% | 2.5 ...

格隆汇12月9日｜A股市场AI眼镜概念股集体走强，其中，福蓉科技、齐心集团10CM涨停，星星科技涨 超7%，英唐智控涨超6%，慈文传媒、鹏鼎控股涨超5%，品茗科技涨超4%，浩云科技、惠伦晶体、三 安光电、聚辰股份涨超3%。消息面上，在The Android Show上，谷歌与XREAL联合发布智能眼镜 Project Aura ，采用 XREAL自研 X1S 芯片，将在2026年正式面向市场。据悉，Project Aura的硬件研发 和制造几乎全部依托中国团队完成，Prism™光学系统由中国团队独立研发并量产，X1S 空间计算芯片 由 XREAL自研设计，供应链体系扎根长三角，上海将作为XREAL全球研发与未来AI终端创新中心。 ...