Core Viewpoint - The stock of Lushan New Materials opened at a limit-up price of 25.61 yuan, reaching a total market capitalization of 3.74 billion yuan, driven by business expansion and breakthroughs in new products [1]. Business Expansion and New Product Breakthroughs - Lushan New Materials has successfully entered the electronic skin, electronic muscle, and simulated skin fields for humanoid robots, which are considered cutting-edge technologies with vast market potential [2]. - The company has achieved breakthroughs in OCA optical adhesive films for foldable screens, which can withstand over 200,000 bends at room temperature and have begun mass supply. This product is also being applied in humanoid robot visual display modules, aligning with the growing demand in the foldable smartphone market [2]. Progress in Silicon-Carbon Anode Materials - The company has started mass supply of PAA, a functional adhesive material for silicon-carbon anodes, which can be used in solid-state/semi-solid lithium batteries. This aligns with the increasing performance demands in the rapidly developing new energy vehicle industry [3]. - In the first half of 2025, Lushan New Materials reported a revenue of 741 million yuan and a net profit of 15.94 million yuan, while adopting a cautious operational strategy for its solar cell packaging film business to mitigate the impact of industry fluctuations on profitability [3][4]. Financial Performance - Key financial data for the first half of 2025 shows a revenue decrease of 33.27% compared to the same period last year, with net profit down by 48.40%. The company reported a significant drop in net profit from regular operations by 91.57% [4]. - The polyolefin functional materials segment, which constitutes a significant portion of the business, achieved a shipment volume of 35,200 tons, a year-on-year increase of 22.67%, and revenue of 434 million yuan, up 16.67% [4]. Future Growth Strategy - The company is committed to its "one main, two supports" development strategy, focusing on new products and projects as core growth drivers. The market expansion of new products such as OCA optical adhesive films and silicon-carbon anode materials is progressing well and is expected to become new performance growth points [5]. - With the rapid development of humanoid robot materials, Lushan New Materials plans to leverage its technical advantages in precision coating and polymer material modification to quickly enter the electronic skin, electronic muscle, and simulated skin markets, expanding into smart wearables and medical rehabilitation [5].

Group 1 - Apple is expected to launch foldable iPhone and iPad between 2026 and 2028, with increased shipment forecasts for the foldable iPhone from 6-8 million to 8-10 million units in 2026 and from 10-15 million to 20-25 million units in 2027 [1] - The foldable iPad is projected to have a shipment volume of approximately 0.5 to 1 million units in 2028 [1] - The entry of Apple into the foldable smartphone market is anticipated to enhance competition and drive sales growth, with foldable smartphone penetration expected to rise from 1.6% in 2025 to over 3% in 2027 [1] Group 2 - The global foldable screen shipment is projected to grow at a compound annual growth rate (CAGR) of 49.48% from 2021 to 2027, reaching 102 million units by 2027, with the Chinese market expected to see shipments of 17.3 million units by 2028 [1] - The foldable screen supply chain is characterized by display modules and hinge costs accounting for over 50% of total costs, indicating potential benefits for related testing and precision processing equipment as industry penetration increases [1] - Luxshare Precision is set to join the production of the foldable iPhone, which will feature a Samsung-exclusive OLED display and UTG (Ultra-Thin Glass) developed by Lens Technology [2]

Core Viewpoint - Apple plans to launch its first foldable iPhone in 2026 and a foldable iPad in 2028, utilizing ultra-thin glass cover solutions supplied exclusively by Corning [1][2] Product Details - The foldable iPhone is expected to have a shipment volume of 8 to 10 million units in 2026, increasing to 25 million units in 2027 [1] - The foldable iPad will feature an 18 to 20-inch display when unfolded, making it Apple's largest mobile device screen to date [1] - The foldable iPhone will have a book-style fold design, with a thickness of 9 to 9.5 mm when folded and approximately 4.5 to 4.8 mm when unfolded [2] Screen and Camera Features - The external screen will measure 5.5 inches when folded, and the internal screen will be 7.8 inches when unfolded [2] - The foldable iPhone will include four cameras, with dual rear cameras and front-facing cameras in both folded and unfolded states [2] Technology and Durability - Apple aims to minimize screen creases by using a metal plate to distribute stress during bending, and will incorporate liquid metal in the hinge for improved durability [2] - The device is expected to use a side-mounted Touch ID instead of Face ID to save internal space [2] Pricing Strategy - The foldable iPhone is projected to be the most expensive iPhone ever, with prices estimated between $1,800 and $2,500 [3] Market Context - According to IDC, global shipments of foldable smartphones are expected to reach approximately 19.83 million units by 2025, with a year-on-year growth of about 6.0% [1] - Apple's entry into the foldable market is anticipated to increase consumer interest and acceptance of foldable products [1] Stock Performance - As of the latest report, Apple's stock price is $236.02 per share, with a market capitalization of approximately $3.5 trillion, reflecting a year-to-date decline of over 5% [4]

Core Viewpoint - The article discusses the anticipated release of Apple's first foldable iPhone, the iPhone Fold, expected in 2026, highlighting increased shipment forecasts and market expectations for this product [1][2]. Group 1: Shipment Forecasts - Apple has raised its shipment expectations for the foldable iPhone to 8-10 million units for 2026 and 20-25 million units for 2027, up from previous estimates of 6-8 million and 10-15 million respectively [2]. - The foldable iPad is projected to ship 500,000 to 1 million units in its first year, expected in 2028 [3]. Group 2: Market Context - In the first half of 2025, China's foldable smartphone shipments are expected to reach 4.98 million units, with Huawei holding a 75% market share at 3.74 million units [3]. - Samsung's smartphone shipments in the U.S. surged in Q2, increasing its market share from 23% to 31%, while Apple's share dropped from 56% to 49% [4]. Group 3: Product Features and Design - The foldable iPhone is expected to feature a book-style fold similar to Samsung's Galaxy Z Fold, with a thickness of 9-9.5 mm when folded and 4.5-4.8 mm when unfolded [6]. - The device will have a 5.5-inch external display and a 7.8-inch internal display, with a key selling point being minimal screen creasing due to a metal plate design [8]. - It will include four cameras and will replace Face ID with a side-mounted Touch ID to save internal space [8]. Group 4: Pricing and Release Timeline - The foldable iPhone is anticipated to be the most expensive iPhone ever, with expected prices ranging from $1,800 to $2,500 [8]. - The device is currently in the New Product Introduction (NPI) phase and is expected to begin mass production by late September or early October, with a launch anticipated in the fall of next year [8].

Group 1 - The core viewpoint of the news highlights a significant boost for Apple (AAPL.US) due to favorable developments, including a court ruling on Google's monopoly case and increased shipment expectations for the first foldable iPhone [1] - A U.S. District Court judge ruled that Google does not constitute a monopoly in the online search space, dismissing the request for Alphabet to sell its Chrome browser and allowing it to continue paying Apple for default search engine fees [1] - Analyst Ming-Chi Kuo raised the shipment forecast for Apple's first foldable iPhone, projecting 8-10 million units by 2026 and 20-25 million units by 2027, indicating Apple's ambition in the foldable market [1] Group 2 - Apple is set to hold its annual fall product launch event on September 9, where it is expected to unveil the iPhone 17 series [1] - In pre-market trading, Apple's stock rose nearly 3% to $236.24, reflecting positive market sentiment following the news [1] - The stock's trading data shows a high of $230.85, a low of $226.97, and a total market capitalization of $3.41 trillion [2]

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]