CITIC Securities says the electronics sector has corrected sharply since July and valuations have fallen materially while industry fundamentals remain intact. Key drivers include stronger semiconductor-equipment order visibility, accelerating domestic compute orders and supply‑chain restocking, AI‑server demand lifting PCB and AI power‑supply cycles, and a clearer memory-price uptrend; supply‑chain opportunities are also spreading into consumer electronics. The report adds the selloff has pushed

CITIC Securities says the electronics sector has corrected sharply since July and valuations have fallen materially while industry fundamentals remain intact. Key drivers include stronger semiconductor-equipment order visibility, accelerating domestic compute orders and supply‑chain restocking, AI‑server demand lifting PCB and AI power‑supply cycles, and a clearer memory-price uptrend; supply‑chain opportunities are also spreading into consumer electronics. The report adds the selloff has pushed some quality names into valuation troughs, creating scope for earnings delivery and valuation re-rating.