[The consumer electronics sector welcomes a new round of catalysis] September 11th: Recently, the consumer electronics industry has ushered in a new round of event catalysis. Leading manufacturers have intensively released new products in autumn, and new terminals such as folding screens, AI mobile phones, and AI glasses have been launched at an accelerated pace. Overlay policies have continued to release benefits, and the market's attention to the consumer electronics sector has increased significantly. Wind data shows that the Wind Consumer Electronics Industry Concept Index has risen by more than 7% since August. Analysts believe that as leading manufacturers enter a new round of product innovation cycle, the consumer electronics industry is expected to transform from a traditional replacement cycle to a product innovation-driven cycle, and the valuation logic is migrating from "cycle pricing" to "growth pricing"; in the context of relevant sectors that have performed to a certain extent in the early stage, subsequent market attention will shift more to new product sales, industry chain value increases, and performance realization. (China Securities Journal)