Hong Kong stock concept tracking | Subsidy policy for purchasing new mobile phones, tablets, etc. issued, expected increase in shipments of mobile phones (list of concept stocks attached)

The Ministry of Commerce announced on January 15th that the newly released subsidy implementation plan for the purchase of new smartphones, tablets, and smart watches (wristbands) shows that individual consumers can receive subsidies for purchasing digital products with a single retail price not exceeding 6000 yuan. Each person can receive a subsidy for one item of each category, with a subsidy rate of 15% of the final sale price after deducting all discounts from production, distribution, and mobile operators, up to a maximum of 500 yuan per item. UBS Group AG released a research report stating that the mainland will implement subsidies for the purchase of digital products, which is expected to stimulate the sales of mid-range smartphones. Canalys reported that in 2024, the annual shipment volume of smartphones in mainland China reached 285 million units, showing a mild growth of 4% after two years of decline. vivo led the market with a 17% share and a shipment volume of 49.3 million units. Huawei ranked second with 46 million units shipped, boasting a 37% year-on-year growth. Apple Inc. (AAPL.US), OPPO, and Honor followed closely with 15% market share each, highlighting intense competition. Canalys research analyst Zhong Xiaolei stated, "Looking towards 2025, Canalys predicts that the shipment volume of smartphones in the Chinese market will exceed 290 million units. The Chinese government announced a national subsidy policy in January, including smartphones, laying the foundation for market growth in 2025, as manufacturers have begun preparing early on for channels and supply." A research report released by Lyon stated that the National Development and Reform Commission announced an expansion of the trade-in subsidy measures to include more digital products such as smartphones, tablets, and smart watches/wristbands. This move is in line with expectations, with the Android supply chain, which has higher fixed costs, believed to be more sensitive to this policy. Related Hong Kong stocks in the mobile phone industry chain: XIAOMI-W (01810), SUNNY OPTICAL (02382), Q TECH (01478), BYD ELECTRONIC (00285)