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第二季國內手機出貨量預期下降 拖累上游企業表現但對下半年仍保持樂觀

中國信通院 (CAICT) 公佈2021年4月份國內手機出貨量的數據:總體下調,總出量為2748.6萬部,同比下降34.1%。根據1-4月的數據,國內手機出貨量累計1.25億部,同比增長38.4%。同時,5G手機出貨量佔比持續上升。在2021年4月,國內5G手機出貨量為2142萬部,佔同期手機出貨量的77.9%,同比增1.7個百分點。根據1-4月的數據,國內市場5G的手機出貨量9126.7萬部、上市新機為80款,分別佔比為72.7%和51.9%。而國產品牌手機出貨量方面,4月的出貨量為2475.7萬部,同比下降34.8%,佔同期手機總出貨量的90.1%。根據1-4月的數據,國產品牌手機總出貨量為1.11億部,同比增長37.5%,佔同期手機總出貨量的88%。

受整體手機出貨量的拖累,預期2021年第二季手機相關行業的價值鏈將疲弱。光學行業龍頭的舜宇科技 (02382.HK)公佈5月手機鏡頭和手機攝像模組出貨量的數據,分別為9,941萬件和5538.5萬件,按年分別升2%和16%,按月分別跌19.7%和12.7%,兩者出貨量按月下降主要因受海外疫情及國內智能手機市場需求放緩影響。儘管預期手機相關產業在第二季的銷情不佳,位於龍頭企業舜宇對下半年旺季仍保持樂觀,目標手機鏡頭及手機攝像模組出貨量按年分別給予15-20%和20-25%的同比增長,預期舜宇能進一步搶佔市場份額。

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