Galaxy Securities believes that the current temporary easing of tariff policies is conducive to direct exports to the United States by companies related to the electronics industry, reducing the costs brought by re-export trade, and also provides a window period for domestic consumer electronics companies to lay out their industrial exports. We are optimistic about the listed companies related to the Apple chain affected by short-term tariff policies, as well as the leading domestic passive component manufacturers, and are optimistic about AI driving the development of consumer electronics replacement and related terminal hardware.