Group 1 - Samsung is preparing to launch three new high-end devices later this month, including the Galaxy Z TriFold, an XR headset codenamed "Project Moohan," and AI glasses called Galaxy Glasses [1][2] - The Galaxy Z TriFold is Samsung's first tri-folding phone, featuring a 6.5-inch screen and a nearly 10-inch foldable display, capable of transforming from a phone to a full-size tablet [2] - The device will be powered by the Snapdragon 8 Elite chip, with storage options up to 1TB, and will have a rear triple-camera setup similar to the Galaxy Z Fold 7 [2] Group 2 - Samsung has announced a collaboration with Google and Qualcomm to develop its XR headset, which will compete with Apple's Vision Pro headset [2] - The Galaxy Glasses will be equipped with the Qualcomm Snapdragon AR1+ Gen 1 chip, featuring built-in camera, microphone, and speakers, allowing users to take photos and videos and interact with an AI assistant [2]

*免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 公司方面，据证券时报表示， 斯迪克：公司在胶粘新材和功能膜领域居于领先水平，OCA光学胶有望受益折叠屏手机渗透率快速提 升带来的增长。 东睦股份：公司MIM技术平台目前主要应用于消费电子行业，折叠机铰链正成为公司MIM技术平台的 重要增长极。 华为终端官方9月1日宣布，刘德华将担任MateXTs非凡大师品牌大使，宣传语为"开合间，见非凡"。华 为官宣将于9月4日14:30举办华为MateXTs非凡大师及全场景新品发布会，将发布新款华为三折叠屏手 机。华为MateXTs是全球第二款量产的旗舰级三折叠屏手机，支持天通卫星通信制式、支持5G-增强移 动宽带(eMBB)技术，预装鸿蒙HarmonyOS操作系统，目前该款手机已上架官网开启预约。此外，这款 手机有望首发eSIM商用技术，取消物理SIM卡槽，极大提升内部空间利用率，为三折叠屏手机的轻薄化 设计带来突破。 据IDC最新报告显示，预计2025年全球折叠屏手机市场出货量约1983万台，同比增长6.0%；至2029年， 全球折叠屏手机出货量预计将会接近2729万台，五年复合增长率达到 ...

Company Overview - Visionox is a leading innovative supplier of new display solutions, focusing on the research, production, and sales of AMOLED displays for various applications including smartphones, wearables, and automotive displays [2][3] - The company maintains strong partnerships with major brands such as Honor, Xiaomi, OPPO, and Google, ensuring a robust market presence [2] Market Trends - The global AMOLED market is experiencing rapid growth, with a projected shipment of over 750 million smartphone AMOLED panels in 2025, representing a penetration rate of over 60% in the smartphone market [2] - The compound annual growth rate (CAGR) for IT product AMOLED panel shipments is expected to reach 26.5% by 2030, while automotive display AMOLED panel shipments are projected to grow at a CAGR of 30.6% [3] Financial Performance - In the first half of 2025, Visionox achieved a revenue of 4.121 billion yuan, marking a year-on-year growth of 4.79% [3] Product Development - The company is actively developing technologies for foldable smartphones, aiming to transition foldable screens from niche products to mainstream options [4] - Visionox has made significant advancements in localizing its supply chain, achieving a substantial increase in local sourcing rates [5] Technological Innovations - The company has introduced solid-state laser annealing (SLA) technology, which addresses long-standing industry challenges and improves display uniformity while reducing production costs [5] - Visionox's ViP technology features a high aperture ratio of 69%, enhancing brightness and lifespan, and enabling innovative applications such as transparent displays [6] Production Capacity - Visionox is investing in high-generation AMOLED production lines, with the first line expected to commence operations in September 2024, targeting the mid-to-large size market [6]

格隆汇9月1日丨思泉新材(301489.SZ)于投资者互动平台表示，公司产品可以应用于折叠屏手机。 ...

Core Insights - Honor launched its latest foldable smartphone, Magic V5, in the European market, aiming to challenge Samsung's dominance in the high-end segment [1] - Samsung's market share in the European foldable smartphone market has decreased from 98% in 2022 to 73% by the end of 2023 due to increased competition from Honor and other manufacturers [1] - Honor is projected to be the fastest-growing brand in the European foldable smartphone market in 2024, with a year-on-year sales increase of 377% and a market share growth to 34% [1] Group 1: Market Dynamics - The European foldable smartphone market is undergoing a reshuffle, with major players like Samsung, Google, and Honor intensifying their efforts [2] - Honor's competitive edge lies in its lightweight design and innovative AI capabilities, which are seen as key factors for its market penetration [2] - Samsung's Galaxy Fold series has faced challenges in making significant improvements, impacting its future outlook [2] Group 2: Technological Advancements - Honor's Magic V5 will feature the world's first on-device voice large model, enabling offline real-time translation for international communication [2] - The technology behind this feature is supported by original algorithms and hardware optimizations, which have gained recognition in the academic community [2] Group 3: Global Expansion - Honor has become the fastest-growing smartphone brand in the UK, with a sales increase of over 70% last year and a 234% rise in high-end product sales in the first half of this year [3] - In Southeast Asia, Honor's smartphone shipments are expected to grow by 121% year-on-year by Q2 2025, surpassing 1 million units in a single quarter [3] - The global foldable smartphone market is entering a rapid expansion phase, with expectations of continued growth as Apple enters the market in 2026 [3] Group 4: Competitive Landscape - The competition in the high-end foldable smartphone market is expected to remain dynamic, with product innovation, AI application, and channel ecosystem playing crucial roles in shaping the market [3]

Group 1: Company Insights - Yuanfei Pet achieved a revenue of 792 million yuan in the first half of 2025, representing a year-on-year growth of 45.52%, with significant growth in pet snacks and domestic revenue [1] - The net profit attributable to the parent company slightly increased by 0.37%, while the gross profit margin decreased by 0.93%, and sales expenses surged by 97.13% [1] - The company’s two factories in Cambodia are operating at near full capacity, with new production capacity expected to be launched next year [1] Group 2: Market Trends - Wald's revenue for the first half of 2025 was 106.95 million yuan, a year-on-year decrease of 1.79%, while its subsidiary, Jia Ying Company, reported a revenue of 17.19 million yuan, with a year-on-year growth of 14% [2] - The company is facing pressure from rising raw material costs but is developing products in the humanoid robot sector, including specialized equipment and high-precision tools [2] - The demand for tools may increase if leading companies launch foldable screen smartphones next year [2] Group 3: Asset Management Overview - Xizang Yuanlesheng Asset Management Co., Ltd. is a parallel company to Beijing Yuanlesheng Asset Management Co., Ltd., sharing the same shareholder structure and governance [3] - The company manages assets totaling 7 billion yuan and has been recognized for its strong long-term performance, achieving over 500% cumulative returns since the launch of its first product in 2008 [3] - Yuanlesheng has received multiple awards in the private equity industry, including the "Golden Bull" award for three consecutive years from 2011 to 2013 [3]

Group 1 - Apple officially announced a special event on September 9, 2025, to launch the iPhone 17 series, which will include upgraded base and Pro versions, as well as a new thinner version with shorter battery life and a single rear camera [2] - Apple concept stocks experienced a surge, with Longyang Electronics hitting a 20% limit up, Amway shares rising over 10%, and other companies like Xinwangda, Shenzhen Nande Road, and Lens Technology also seeing gains [2] - The third quarter is traditionally a peak season for consumer electronics, and with significant contraction among supply chain vendors, market share is stabilizing, which may lead to improved valuations [2] Group 2 - Omdia predicts that global shipments of foldable OLED screens will reach 124.6 million units by 2032, accounting for 8.6% of the overall OLED market, a significant increase from 23.1 million units in 2024 and an estimated 23.5 million units in 2025 [2] - The industry believes that if Apple launches its own foldable phone, it will significantly alter the market landscape, as Apple is known for prioritizing product maturity [2] - Apple is reportedly addressing technical challenges related to screen creases, hinge durability, and battery life, with Omdia experts stating that Apple's entry will legitimize the foldable screen category and stimulate a new wave of demand beyond the Android ecosystem [2]

Group 1 - Apple is set to hold a product launch event on September 9, 2023, in Cupertino, California, where it is expected to unveil the iPhone 17 series, including four models: standard, Pro, Pro Max, and a new Air version [1] - The iPhone Air is designed to be a lightweight and portable version, replacing the iPhone 16 Plus, with an estimated thickness of about 5.5 mm [1] - Apple is reportedly embarking on a three-year plan to revamp the iPhone lineup, which includes the introduction of a foldable iPhone expected in 2026, featuring a no SIM card design and Touch ID [1] Group 2 - Over 90 A-share stocks are related to Apple's supply chain, primarily in the electronics and machinery sectors, with an average increase of over 40% this year, significantly outperforming the Shanghai Composite Index [2] - In the first half of the year, 28 Apple-related stocks reported a year-on-year increase in net profit, while 26 saw a decline, with five reducing losses and one turning a profit [4] - Jin Tian Co., Ltd. reported the highest net profit growth of 203.86% in the first half of the year, having signed a long-term supply agreement with Apple for low-carbon recycled materials [4] Group 3 - Crystal Optoelectronics has been a focus of institutional research, with 224 institutions conducting surveys, revealing progress in its Vietnam base, which is expected to contribute to overall performance by 2025 [4] - Optoelectronics has also attracted significant institutional interest, with 196 institutions conducting research, benefiting from increased demand for visual inspection in consumer electronics manufacturing [5] - Eight Apple-related stocks have seen QFII investment, with significant holdings in companies like Xinwei Communication and Dazhu Laser, indicating foreign interest in these stocks [5]

Core Viewpoint - Huawei is set to officially launch the "Huawei Mate XTs Extraordinary Master" three-fold smartphone on September 4, 2023, marking a significant advancement in the foldable smartphone market [1][5]. Group 1: Product Announcement - The launch event will showcase the new three-fold smartphone, which is expected to enhance user experience and application compatibility [5]. - The device will feature Huawei's HarmonyOS 5, known for its high fluidity, distributed architecture, and security, with optimizations for foldable screen functionalities [5][7]. Group 2: Market Impact - The introduction of the Huawei Mate XTs Extraordinary Master is anticipated to elevate Huawei's foldable product lineup and contribute to the maturation of the foldable smartphone market [7]. - Consumer demand is shifting from novelty to practical experience, indicating a growing acceptance of foldable smartphones as mainstream devices [7]. Group 3: Consumer Expectations - The upcoming launch is expected to surprise consumers with innovations that align with their needs, whether they are tech enthusiasts or business professionals seeking efficient multitasking [9].

Core Viewpoint - Huawei and Apple are set to launch their new flagship products, with Huawei's MateXTs scheduled for September 4 and Apple's iPhone 17 on September 9, highlighting the competitive landscape in the smartphone market [1][6]. Group 1: Huawei's Market Position - Huawei's Mate XT, the first generation of its foldable phone, has nearly 500,000 units shipped in the first half of the year, generating over 10 billion yuan in revenue [1][5]. - Huawei holds a dominant position in the Chinese foldable smartphone market with a 75% market share in the first half of the year, attributed to continuous product iterations and a lack of significant competition from other brands [4][5]. - The foldable smartphone market is experiencing a slowdown, with a projected 3.3% year-on-year growth for 2023, indicating potential challenges ahead despite Huawei's strong product lineup [5]. Group 2: Industry Trends and Innovations - The foldable smartphone segment is entering a phase where hardware innovation is slowing, shifting focus towards software upgrades and new product forms [5]. - Future innovations may include new materials, eSIM technology, low-orbit satellite internet, and advancements in AI and HarmonyOS, which could revitalize the foldable market [5]. - The competitive landscape is evolving, with Huawei's strong brand presence in the absence of Apple in the foldable segment, emphasizing the importance of brand loyalty in this high-end market [4][5]. Group 3: Apple's Challenges and Innovations - Apple's iPhone 17 series is expected to feature significant design changes and improvements in imaging and battery life, but faces pressure from competitors like Huawei [6][8]. - The company is under pressure from rising production costs in the U.S. and declining sales in China due to competition from domestic brands [7][8]. - Apple is preparing for future foldable devices, although they are not expected to debut this year, indicating a strategic focus on innovation to maintain market relevance [7][8].