Investment Rating - The industry investment rating is "Overweight" (maintained) [3] Core Insights - Huawei launched the world's first tri-fold smartphone, the Mate XT, which features a 10.2-inch display when unfolded and a thickness of only 3.6 mm. The device incorporates a unique Z-shaped dual-track hinge design, allowing for versatile usage scenarios and enhanced visual experience [2] - In Q2 2024, domestic foldable smartphone sales in China increased by 125% year-on-year, with Huawei leading the market share. The global foldable smartphone shipments also saw an 85% year-on-year growth, primarily driven by the Asia-Pacific region [2] - The report suggests investment opportunities in the foldable smartphone segment, particularly benefiting companies in the supply chain such as Dongmu Co., Tonglian Precision, and Changxin Technology [2] Summary by Sections Industry Performance - The report indicates a relative return of -0.25% over one month, 1.27% over three months, and -1.27% over twelve months compared to the CSI 300 index [1] Recent Events - Huawei's Mate XT tri-fold smartphone was unveiled on September 10, 2024, and is set to officially launch on September 20, 2024, with over 5 million pre-orders by September 11, 2024 [2] Market Trends - The report highlights that the foldable smartphone market is experiencing significant growth, with Q2 2024 domestic sales reaching 262 million units, marking a continuous three-digit growth for four consecutive quarters [2]
电子行业事件点评报告：华为发布全球首款三折叠屏手机，折叠屏手机整体出货量快速增长
Jianghai Securities·2024-09-13 01:09