CITIC Securities stated that they are optimistic about the steady recovery of consumer electronics demand and related industry chain opportunities in 2023.
With the weakening of the macro volatility margin, the demand for consumer electronics is expected to recover steadily in the future. It is recommended to focus on: the upstream design end, especially IC design companies with inventory inflection points and low valuations; for the midstream component end, focusing on parts companies that benefit from the recovery of demand and deploy the blue ocean of layout innovation; the downstream manufacturers.