Tracking the concept of Hong Kong stocks | National policy will implement new subsidies for buying digital products such as mobile phones. Institutions predict a significant increase in mobile phone sales in the first half of the year (with concept stocks attached).

On January 3, 2025, the State Council Information Office held a series of press conferences on "China's High-Quality Economic Development Achievements." At the meeting, Yuan Da, Deputy Secretary General of the National Development and Reform Commission, revealed that this year, there will be a significant increase in the scale of ultra-long-term special government bond funds and the implementation of subsidies for the purchase of new digital products such as smartphones. Industrial pointed out that the release of domestic demand is crucial for economic growth, and that the current Chinese consumer market is a market with both incremental and stock aspects, with the consumption of new products and the replacement of existing products supporting the overall consumer market. From the perspective of market share of domestic brands, Android stands to benefit more. The total annual sales volume of the domestic mobile phone market in 2024 was approximately 280 million units, and the subsidy policy is expected to play a role in boosting overall mobile phone sales in the 25Q1 to 25H1 range. According to a CICC research report, based on IDC data, global smartphone sales in the third quarter of 2024 increased by 4% year-on-year to 316 million units, achieving year-on-year growth for 5 consecutive quarters; in the third quarter of 2024, smartphone sales in China increased by 3.2% year-on-year to 68.78 million units, maintaining year-on-year growth for 4 consecutive quarters. CICC is optimistic about the implementation of government subsidy policies and the continuous increase in consumer electronics demand. Hong Kong-listed stocks related to the mobile phone industry include XIAOMI-W (01810), BYD ELECTRONIC (00285), Q TECH (01478), AAC TECH (02018), COWELL (01415), Sunny Optical (02382), etc.