Industrial Securities pointed out that the release of domestic demand is crucial for economic growth, and the current China Consumer market is one that balances both incremental and existing demand, with new product consumption and the upgrade of existing products jointly supporting the overall Consumer market. On January 3, 2025, the National Development and Reform Commission stated at the press conference on the series "Effects of High-Quality Development of China’s Economy" that in 2025, there will be a substantial increase in the scale of special national bonds for ultra-long-term financing, with increased efforts to implement the "Two New" policies. From the perspective of domestic brand market share, Android benefits more. In the year 2024, the domestic mobile phone market sales were approximately 0.28 billion units, and the impact of the subsidy policy on overall mobile phone sales is expected to be concentrated in the Range of Q1 to H1 of 2025.
兴业证券:手机国补正式落地,看好国内手机产业链
Industrial Securities: The national subsidy for mobile phones has officially been implemented, and the domestic mobile Industry Chain is forecasted to perform well.
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