机构：折叠屏手机正成为智能手机市场的全新增长极

Core Viewpoint - The Chinese foldable smartphone market is experiencing significant growth, with a notable increase in shipments and a positive outlook for future sales [1] Group 1: Market Performance - In Q3 2025, the shipment of foldable smartphones in China reached 2.63 million units, representing a year-on-year growth of 17.8% [1] - The cumulative shipment of foldable smartphones in China for the first three quarters of this year reached 7.62 million units, showing a year-on-year increase of 14.3% [1] Group 2: Future Projections - According to Jin Yuan Securities, foldable smartphones are becoming a new growth driver in the smartphone market, with global shipments expected to reach 54.7 million units by 2025, and China's market share rising to 31% [1] - Huaxi Securities anticipates that global shipments of foldable smartphones will reach 17.8 million units in 2024 and could grow to 70 million units by 2027 [1] Group 3: Industry Trends - The industry is witnessing a shift as traditional smartphones enter a saturation phase, with foldable screens defining a new form of smartphones [1] - There is optimism regarding core components such as UTG cover glass and hinges, as well as new technologies like liquid metal and 3D printing [1]