Recently, the consumer electronics industry has been presented with fresh avenues for development. Prominent manufacturers have been intensively releasing their autumn lineup of new products, expediting the introduction of cutting-edge devices such as foldable-screen phones, AI-powered smartphones, and AI-enhanced glasses. Concurrently, a series of supportive policies have been rolled out, substantially heightening market interest in the consumer electronics arena. Data from Wind indicates that since August, the Wind Consumer Electronics Industry Concept Index has witnessed a surge of over 7%. Analysts suggest that as leading manufacturers embark on a new cycle of product innovation, the consumer electronics industry is poised to transition from a traditional device replacement cycle to one driven by product innovation. This shift will also see a transformation in valuation logic, moving from 'cyclical pricing' to 'growth pricing'. Given the historical performance of related sectors, the market will now place greater emphasis on new product sales, the augmentation of industrial chain value, and the actualization of performance.