Investment Rating - The industry rating for the foldable screen mobile phone sector is positive, with expectations for accelerated growth driven by Apple's entry into the market [4]. Core Insights - The foldable screen mobile phone market is set to grow significantly, with global shipments projected to reach 17.8 million units in 2024 and potentially 70 million units by 2027, reflecting a CAGR of 57.8% from 2024 to 2027 [1][20]. - Apple's anticipated launch of a foldable iPhone in 2026 is expected to further stimulate market growth and increase shipments [20]. - The industry is transitioning from traditional smartphones to innovative foldable designs, which are becoming the new standard in mobile technology [15]. Summary by Sections 1. Foldable Screen Mobile Phones - The global smartphone market is rebounding, with a projected shipment of 1.238 billion units in 2024, a year-on-year increase of 6.4% [12]. - Foldable screen technology is recognized as a key innovation in the smartphone sector, addressing the need for larger screens while maintaining portability [15]. - The market is characterized by a shift towards lighter and more affordable foldable devices, with average prices decreasing significantly [31]. 2. Hinge Technology - Hinges are critical components in foldable phones, requiring high durability and precision, with designs evolving towards lighter and more robust solutions [38]. - The predominant hinge types are water-drop and U-shaped, with water-drop designs becoming the preferred choice due to their reduced screen wear and improved folding mechanics [40]. - The global market for foldable phone hinges is expected to grow from approximately $3.2 billion in 2024 to $15.4 billion by 2032, with a CAGR of 21.69% [47]. 3. Cover Glass Technology - Flexible cover glass is essential for foldable screens, with ultra-thin glass (UTG) increasingly replacing traditional materials due to its superior properties [3]. - The market share of UTG in domestic foldable smartphones has risen to 70% in 2023, indicating a strong trend towards this material [3]. - The production of UTG involves complex manufacturing processes, with a focus on improving yield and consistency [6]. 4. Investment Recommendations - The report highlights several key beneficiaries in the foldable screen supply chain, including: - UTG: Lens Technology - Hinges: Linyang Precision, Tonglian Precision, and Jingyan Technology - Liquid Metal: Yian Technology - 3D Printing: Huashu High-Tech and Plit [7].

其 他 报 告 2025年07月07日 晨会纪要 | 国内市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 上证综合指数 | 3472 | 0.32 | 1.91 | | 深证成份指数 | 10509 | -0.25 | 3.73 | | 沪深300指数 | 3982 | 0.36 | 1.95 | | 创业板指数 | 2156 | -0.36 | 5.69 | | 上证国债指数 | 226 | 0.04 | 0.02 | | 上证基金指数 | 6942 | 0.03 | 0.37 | 资料来源:同花顺iFinD | 海外市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 中国香港恒生指数 | 23916 | -0.64 | 3.20 | | 中国香港国企指数 | 8609 | -0.45 | 2.76 | | 中国台湾加权指数 | 22548 | -0.73 | 2.42 | | 道琼斯指数 | 44829 | 0.77 | 3.82 | ...

Group 1 - The A-share laser radar concept stocks experienced a decline in early trading, with leading companies like Lingyi Zhizao and Guangxun Technology both dropping over 3% [1] - Other stocks such as Bomin Electronics, Crystal Optoelectronics, Demais, and Juxing Technology also followed the downward trend [1] - Reports from authoritative media indicate that negotiations for European and Chinese electric vehicles are nearing completion [1]

Investment Rating - The industry investment rating is "Overweight" [1] Core Viewpoints - The report emphasizes the acceleration of logistics robots and the launch of the new generation of dexterous hands by Zhaowei Electromechanical, indicating a significant advancement in the industry [1][12] - The humanoid robot industry is highlighted as a key area to track, with a projected global cumulative demand of approximately 2 million units by 2030, marking a critical breakthrough phase [4][21] - The report suggests focusing on leading companies in various segments, including humanoid robots, photovoltaic equipment, energy storage, semiconductor equipment, automation, hydrogen energy, and construction machinery [4][22] Summary by Relevant Sections Humanoid Robots - Recent developments include strategic partnerships and product launches, such as the collaboration between Demar Technology and Hikvision to promote autonomous mobile robots in smart logistics and intelligent manufacturing [4][8] - Zhaowei Electromechanical's new dexterous hand, ZWHAND, offers advanced bionic performance and a comprehensive product matrix for various application scenarios [12] - The humanoid robot industry is entering a production phase in 2025, with significant advancements in software and capacity planning [21] Photovoltaic Equipment - The report notes the accelerated penetration of N-type technology and the strengthening of leading companies' competitiveness due to technological innovation and scale effects [22] - The overall price center of the photovoltaic industry chain is declining, with a focus on cost reduction and efficiency improvements [22] Energy Storage - The report highlights favorable policies for both generation-side and user-side energy storage, driving comprehensive industry development [22] - Key players in the energy storage sector are identified, including companies involved in lithium battery detection systems and integrated energy storage solutions [22] Semiconductor Equipment - The industry is expected to reach a demand of $140 billion by 2030, with an increasing share from mainland China, although the domestic production rate remains low [4][22] Automation - The market for industrial consumables is projected to grow from approximately 40 billion to 55.7 billion by 2026, with a focus on industry leaders benefiting from increased concentration and import substitution [4][22] Hydrogen Energy - Green hydrogen is aligned with carbon neutrality goals, with rapid developments in photovoltaic and wind energy laying the foundation for hydrogen production [22]

Meeting Overview - The bondholders meeting for "Lingyi Convertible Bonds" was held on July 4, 2025, with both on-site and online voting options available [1][2] - A total of 49 bondholders attended the meeting, representing 575,587 bonds, which is 2.6930% of the total outstanding bonds [1] Voting Results - The proposal was approved with 575,567 votes in favor, accounting for 99.9965% of the valid votes cast [2] - Only 20 votes were against the proposal, representing 0.0035% of the valid votes [2] - There were no abstentions recorded [2] Legal Compliance - The meeting was witnessed by lawyers from Beijing Jiayuan Law Firm, confirming that the meeting procedures and voting were in compliance with relevant laws and regulations [3]

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-082 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 "领益转债"2025年第一次债券持有人会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、会议召开和出席情况 1、会议召集人：公司董事会 2、会议主持人：副总经理、董事会秘书郭瑞先生 3、会议召开日期和时间： 网络投票：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 7 月 4 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互 联网投票系统进行网络投票的时间为 2025 年 7 月 4 日上午 9:15 至下午 15:00 的任 意时间。 4、现场会议召开地点：广东省深圳市福田区领益大厦 15 楼会议室 5、表决方式：本次债券持有人会议采取现场表决与网络投票相结合的方式。 6、本次会议的召开符合相关法律法规及《向不特定对象发行可转换公司债券 募集说明书》《可转换公 ...

北京市嘉源律师事务所 关于广东领益智造股份有限公司 "领益转债"2025年第一次债券持有人会议的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 源 霍 师 章 条 F A YUAN LAW OFFICES 北京 BEUJNG · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI AN 致:广东领益智造股份有限公司 北京市嘉源律师事务所 嘉源(2025)-04-512 北京市嘉源律师事务所(以下简称"本所")接受广东领益智造股份有限公 司(以下简称"领益智造"或"公司")委托,根据《中华人民共和国公司法》、 《中华人民共和国证券法》(以下简称"《证券法》")现行有效的法律、行政 法规,部门规章、规范性文件(以下简称"法律法规")以及《广东领益智造股 份有限公司向不特定对象发行可转换公司债券募集说明书》(以下简称"《募集 说明书》")、《广东领益智造股份有限公司可转换公司债券之债券持有人会议 规则》(以下简称"《会议规则》")的相关规定,指派律师出席公司"领益转 债"(债券简称"领益转债",债券代码:12710 ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 关于选举公司职工代表董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 广东领益智造股份有限公司（以下简称"公司"）于 2025 年 7 月 4 日召开了 公司 2025 年第二次职工代表大会，经会议表决，选举黄金荣女士（简历附后）为 公司第六届董事会职工代表董事。 黄金荣女士将与公司 2024 年第二次临时股东大会选举产生的 3 名非独立董 事、3 名独立董事共同组成公司第六届董事会，任期与第六届董事会一致。 黄金荣女士担任职工代表董事之后，不再担任非职工代表董事，公司第六届董 事会成员不变。本次选举职工代表董事工作完成后，公司第六届董事会中兼任公司 高级管理人员以及由职工代表担任的董事人数总计未超过公司董事总数的二分之 一。 特此公告。 广东领益智造股份有限公司董事会 二〇二五年七月四日 1 / 2 附件：职工代表董事简历 黄金荣女士，1 ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-081 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 2025年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会以现场投票和网络投票相结合的表决方式召开。 2、本次股东大会未出现否决议案的情形。 3、本次会议没有涉及变更前次股东大会决议的情形。 4、本次股东大会召开期间无新议案提交表决的情况。 一、会议召开和出席情况 1、会议召集人：公司董事会 2、会议主持人：曾芳勤女士 3、会议召开日期和时间： 现场会议：2025 年 7 月 4 日（星期五）14:30 网络投票：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 7 月 4 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互 联网投票系统进行网络投票的时间为 2025 年 7 月 4 日上午 9:15 至下午 15:00 的任 ...

北京市嘉源律师事务所 北京市嘉源律师事务所 关于广东领益智造股份有限公司 2025 年第二次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 源 e 师语 务 所 A YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN ·香港 HONG KONG ·广州 GUANGZHOU ·西安 XI'AN 致:广东领益智造股份有限公司 关于广东领益智造股份有限公司 2025年第二次临时股东大会的 法律意见书 嘉源(2025)-04-513 北京市嘉源律师事务所(以下简称"本所")接受广东领益智造股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")、《上市公司股东会规则》(以下简称"《股东会规则》")等现行 有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及 《广东领益智造股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司2025年第二次临时股东大会(以下简称"本次股东大会") 进行见证,并依法出具本法律意见书。 为出具本法律意见书,本所 ...