Tianfeng Securities released a research report saying it continues to be optimistic about AI hardware innovation: AI reconstructs traditional consumer electronics hardware experience & new consumer electronics terminal form innovation.
The Zhitong Finance app learned that Tianfeng Securities published a research report saying it continues to be optimistic about AI hardware innovation: AI reconstructs traditional consumer electronics hardware experience & new consumer electronics terminal form innovation. In terms of consumer electronics components & assembly, it is recommended to focus on: Industrial Fulian (601138.SH), Lixun Precision (002475.SZ), Wingtech Technology (600745.SH), etc.; in terms of branded consumer electronics, it is recommended to focus on: Corey Technology (joint coverage with the mechanical group) (002957.SZ), Zhi Cube (joint coverage with the mechanical group) (301321.SZ), and Slingjie (); in terms of brand consumer electronics, it is recommended to focus on: Chuanyin Holdings (), Wanderer (002351.SZ) 688115.SH 688036.SH ) etc.; In terms of consumer electronic materials, it is recommended to focus on Sinopec Technology (300684.SZ) and Shihua Technology (688093.SH).
1) vivo X100:
On November 13, vivo released a new phone, the vivo X100 series. In terms of hardware, the world premiere of the X100 series is equipped with the MediaTek Tianji 9300 flagship chip and LPDDR5T memory. The X100 series is equipped with the new OriginOS 4 system and the AI Blue Heart model. It is the first mobile phone in the industry to run through the 13 billion model, support 7 billion models on the end side, and immediately open up to the user experience. Lan Xin Xiao V, an AI product based on Blue Heart's Big Model, supports natural language conversation, and also supports functions such as document summarization, mind maps, keyword search photos, AI passerby stealth, and offline document summarization.
2) Xiaomi 14:
The Xiaomi 14 series went on sale on October 31. The sales volume for 5 minutes was 6 times the total initial sales volume of the Xiaomi 13 series; the first sale was 4 hours (20:00 to 24:00), breaking the “first sale of all-day sales volume and sales” records for all domestic phones in the past year on the four major platforms of “Tmall, JD, Douyin, and Kuaishou”. The Xiaomi 14 series is equipped with Qualcomm's third-generation Snapdragon 8 platform, equipped with LPDDR5X memory and UFS 4.0 flash memory. Meanwhile, on October 26, Xiaomi Pengpai OS was officially released. Domestic models began to launch the official version as early as December this year, and international models will launch the official version in the first quarter of 2024. After the press conference, registration for the Xiaomi Pengpai OS mobile AI closed beta officially began. It will be conducted in the form of a system development version. After the review is approved, the development version will be promoted in two phases. Among them, the mobile AI closed beta supports Xiaomi 14 and Xiaomi 14 Pro.
3) AI Pin:
On November 9, Humane, a startup founded by former Apple designers Imran Chaudhri and Bethany Bongiorno, released AI hardware called AI Pin. Pre-orders began on November 16, and will be shipped in early 2024. The complete AI Pin system starts at $699, including the cable, adapter, battery pack, battery case, etc., plus a monthly subscription fee of $24. According to Humane's comprehensive subscription plan, the $24 charge per month includes a dedicated phone number and unlimited call time, data, text, and cloud storage, etc., with T-Mobile's exclusive partnership to provide wireless networks.
It is recommended to focus on:
Consumer electronics components & assembly: Industrial Fulian (601138.SH), Lixun Precision (002475.SZ), Wingtai Technology (600745.SH), Lingyi Intelligent Manufacturing (002600.SZ), Boshuo Technology (300951.SZ), Peng Ding Holdings (002938.SZ), Lansi Technology (300433.SZ), Goertek (002241.SZ), Changying Precision (300115.SZ), Jingdong (000725.SZ), Guo4205 SZ), Changxin Technology (300088.SZ), Shunyu Optical Technology (Hong Kong stock) (02382), Gaowei Electronics (Hong Kong stock) (01415), Dongshan Precision (002384.SZ), Desai Battery (000049.SZ), Sunwoda (300207.SZ), Xinwei Communications (300136.SZ), Coson Technology (603626.SH), Huan Xu Electronics (601231.SH), Zhaowei Electromechanical (mechanical group coverage) (003021.SZ).
Consumer electronics automation equipment: Corey Technology (joint coverage with mechanical group) (002957.SZ), Intelligent Cube (joint coverage with mechanical group) (301321.SZ), Silinjie (688115.SH), Han's Laser (002008.SZ), Xiteng (603283.SH), JPT (), Huaxing Yuanchuang (), Bojie (002975.SZ), Rongqi Technology (301360.SZ), Tianzhun Technology (), Ling Yunguang 688025.SH 688001.SH 688003.SH (688400.SH), precision electronics (joint coverage with mechanical group) (300567.SZ);
Brand consumer electronics: Audio Holdings (688036.SH), Rambler (002351.SZ), Anker Innovation (jointly covered by the Home Appliance and Communications Group) (300866.SZ), Xiaomi Group (Hong Kong stock) (01810);
Consumer electronics materials: Sinopec (300684.SZ), Shihua Technology (688093.SH).
Risk warning: Consumer electronics demand falls short of expectations, new product innovation falls short of expectations, geopolitical conflicts, and outmigration of the consumer electronics industry chain affect the share of domestic manufacturers.