According to a research report by Tianfeng Securities, the consumer electronics industry chain has ushered in development opportunities due to policy stimulus and product cycle resonance. Jiangsu Province has introduced a 3C product subsidy policy, and Guizhou has expanded the scope of support for old-for-new exchanges, promoting the release of consumer electronics demand. Apple's new round of product cycles is about to start, and innovations such as iOS18.2 will catalyze the improvement of AI experience. Investment advice is to pay attention to companies related to the Apple and Android industry chains, including Luxshare Precision, Lens Technology, and BYD Electronics, and consumer electronics brands include Transsion Holdings and Xiaomi Group. The consumer electronics industry has a promising future driven by policies and innovations.