電子行業(yè)2019年中期策略擁抱科技，把握變 局

1、2019年7月5日目錄目錄1前言前言..........................................................................................................................................................................................................

2、......................................................525G：5G商用序幕拉開(kāi)，新一輪商用序幕拉開(kāi)，新一輪創(chuàng)新周期開(kāi)啟周期開(kāi)啟............................................................................................63半導(dǎo)體：受益半導(dǎo)體：受益國(guó)產(chǎn)替代，科創(chuàng)產(chǎn)替代，科創(chuàng)板推動(dòng)價(jià)值重估動(dòng)價(jià)值

3、重估......................................................................................184消費(fèi)電子：智消費(fèi)電子：智能手機(jī)創(chuàng)新持續(xù)手機(jī)創(chuàng)新持續(xù)，穿戴產(chǎn)品持續(xù)增長(zhǎng)戴產(chǎn)品持續(xù)增長(zhǎng)....................................................................275安防：雪亮安防：雪亮工程加速，加速

4、，AI助力安助力安防市場(chǎng)持續(xù)成長(zhǎng)市場(chǎng)持續(xù)成長(zhǎng)..........................................................................326風(fēng)險(xiǎn)提示風(fēng)險(xiǎn)提示.................................................................................................................

5、.......................................................................................................................34生益科技...............................................................................................

6、...................................................................36滬電股份...................................................................................................................................................

7、...............38華正新材..................................................................................................................................................................40兆易創(chuàng)新...............................

8、...................................................................................................................................42圣邦股份...................................................................................

9、...............................................................................44紫光國(guó)微.......................................................................................................................................

10、...........................46聯(lián)創(chuàng)電子..................................................................................................................................................................48京東方Ａ...................

11、...............................................................................................................................................50歌爾股份.......................................................................

12、...........................................................................................52TCL集團(tuán)..........................................................................................................................

13、........................................542019年7月5日?qǐng)D表圖表34.2019年以來(lái)臺(tái)灣半導(dǎo)體指數(shù)走勢(shì)年以來(lái)臺(tái)灣半導(dǎo)體指數(shù)走勢(shì)......................................................................................................................................

14、............22圖表圖表35.申萬(wàn)半導(dǎo)體指數(shù)走勢(shì)申萬(wàn)半導(dǎo)體指數(shù)走勢(shì).....................................................................................................................................................................................

15、...........22圖表圖表36.國(guó)內(nèi)集成電路進(jìn)口金額國(guó)內(nèi)集成電路進(jìn)口金額....................................................................................................................................................................................

16、..23圖表圖表37.全球主要終端公司芯片采購(gòu)情況全球主要終端公司芯片采購(gòu)情況..................................................................................................................................................23圖表圖表38.國(guó)內(nèi)集成電路進(jìn)口金額國(guó)內(nèi)集成電路進(jìn)口金額......

17、................................................................................................................................................................................24圖表圖表39.科創(chuàng)板推進(jìn)歷程科創(chuàng)板推進(jìn)歷程.....................

18、.............................................................................................................................................................................................25圖表圖表40.科創(chuàng)板申報(bào)半導(dǎo)體企業(yè)營(yíng)收和凈利潤(rùn)情況科創(chuàng)板申

19、報(bào)半導(dǎo)體企業(yè)營(yíng)收和凈利潤(rùn)情況............................................................................................................25圖表圖表41.華興源創(chuàng)的發(fā)行價(jià)及市盈率華興源創(chuàng)的發(fā)行價(jià)及市盈率.................................................................

20、...................................................................................................26圖表圖表42.2019年智能手機(jī)出貨量情況年智能手機(jī)出貨量情況........................................................................................

21、............................................................................27圖表圖表43.三星三星、OPPO、小米三攝手機(jī)、小米三攝手機(jī)................................................................................................................

22、................................................28圖表圖表44.三攝滲透率三攝滲透率.........................................................................................................................................................

23、...........................................................................28圖表圖表45.OPPO潛望式長(zhǎng)焦鏡頭潛望式長(zhǎng)焦鏡頭......................................................................................................................

24、....................................................................28圖表圖表46.光學(xué)屏下指紋識(shí)別原理光學(xué)屏下指紋識(shí)別原理...........................................................................................................................

25、...........................................................29圖表圖表47.超聲波屏下指紋識(shí)別技術(shù)超聲波屏下指紋識(shí)別技術(shù)..................................................................................................................................

26、..........................................29圖表圖表48.MWC2019上海展上高通的超聲波屏下指紋解決方案上海展上高通的超聲波屏下指紋解決方案........................................................................29圖表圖表49.華為華為5G折疊手機(jī)折疊手機(jī)MateX..........................

27、............................................................30圖表圖表50.三星三星GalaxyFold折疊手機(jī)折疊手機(jī).................................................................................................................................

28、...........................................30圖表圖表51.蘋(píng)果各財(cái)季收入構(gòu)成情況（百萬(wàn)美元）蘋(píng)果各財(cái)季收入構(gòu)成情況（百萬(wàn)美元）......................................................................................................................30圖表圖表52.Applewa

29、tch出貨量出貨量........................................................................................................................................................................................................31圖表圖表53.安防

30、板塊安防板塊201419Q1營(yíng)收及增長(zhǎng)率營(yíng)收及增長(zhǎng)率............................................................................................................................................32圖表圖表54.安防板塊安防板塊201419Q1歸母凈利潤(rùn)及增長(zhǎng)率歸母凈利潤(rùn)及增長(zhǎng)率...........

31、.....................................................................................................32圖表圖表55.2018年2019年6月雪亮工程招標(biāo)統(tǒng)計(jì)（萬(wàn)元）月雪亮工程招標(biāo)統(tǒng)計(jì)（萬(wàn)元）.........................................................................