【银河电子高峰】行业点评丨部分国产消费电子品牌快速崛起

中国银河证券研究
Nov 04, 2025

核心观点行情回顾:2025/10/27-31,消费电子(SW)指数涨幅+3.96%。全年来看,消费电子板块在1月-2月上涨,4月受美国加征关税影响有较大幅度回调,7月以来逐步进入上涨趋势,8月-9月加速上涨,10月长假后回调,10月21日以来反弹至前高。板块指数年初至今涨幅+60%。估值方面,目前消费电子板块PE-TTM约44倍,相对电子行业其他板块仍处于低估状态。行业重要事件梳理:1)英伟达...

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