HK Stock Market Move | The mobile phone industry chain is on the rise against the market, with the continuation period of the national subsidy in 2026. Institutions believe that the industry may rely more on technological innovation and stimulus policies.

The mobile phone industry chain is rising against the market. As of the time of publication, Q TECH (01478) rose by 1.54% to HK$8.58; AAC TECH (02018) rose by 1.38% to HK$39.76; COWELL (01415) rose by 1.03% to HK$27.36. On the news front, the national subsidy will be renewed in 2026. Individual consumers who purchase mobile phones, tablets, smartwatches, smart bracelets, smart glasses, and other 4 categories of products (with a single unit sales price not exceeding 6000 yuan) will be subsidized by 15% of the product sales price, with each consumer eligible for a subsidy of 1 unit per product category, with each subsidy not exceeding 500 yuan. Datong Securities released a research report stating that overall, the future growth of the mobile phone market will increasingly depend on breakthrough technological innovations and effective market stimulus policies. Huaan stated that AI smartphones are reshaping the industry, with the overall market maintaining moderate growth by 2025, and the focus of competition shifting to AI capabilities at the end. Mobile operating systems are evolving from "application launchers" to "system-level intelligent entities," with innovative products such as bean phone attempting to achieve bottom-level AI integration and cross-application operations. Apple and Android's flagship chips are continuously enhancing NPU computing power, collectively driving the popularization of end-side AI and upgrading the user experience.