8月27日，华为技术有限公司(以下简称"华为")官宣将于9月4日发布新款三折叠屏手机。而三星的采用 与华为不同折叠思路的三折叠屏手机也于近日曝光。 根据摩根大通等投行报告，苹果计划在2026年9月份与iPhone18系列同步推出首款折叠屏手机，可能采 用横向折叠方案或三折叠设计。专利文件显示，苹果已研发"Z"字形三折叠技术，配备双铰链和可弯曲 玻璃屏幕。 数据公司IDC的最新报告显示，尽管全球折叠屏手机市场预计在2025年增速放缓，但长期增长前景依然 稳固。2025年中国折叠屏手机市场出货量预计达947万台，同比增长3.3%。2025年上半年华为以75%市 场份额创下中国折叠屏手机市场历史新高。中研普华产业研究院数据显示，到2025年，全球折叠屏手机 市场规模将突破400亿美元，中国以45%的全球份额成为产业核心引擎。 从巨头暗中竞技三折叠手机，到vivo、OPPO、小米等手机品牌在折叠屏手机技术以及生态的持续探 索，折叠屏市场正迎来更为激烈的竞争。 这场激烈的终端博弈，正将竞争的战线从消费端延伸至产业链上游。为构筑核心竞争力，产业链上市公 司正与终端厂商展开深度合作，围绕转轴、新材料等核心环节展开"护城河" ...

折叠屏赛道，已然开启"百花齐放"的时代。当智能手机的形态创新打破了旧有的天花板桎梏，主流手机厂商们此起彼伏地轮番押注，在折叠屏赛道上发起了 一场关乎未来的"毫米战争"。 2025年起，整个市场正以前所未有的速度向"更轻、更薄、更大"的终极目标演进。这正是折叠屏2.0时代到来的证明，竞争就藏在肉眼几乎难以察觉 的"0.1mm"中。 每一次铰链厚度的削减、每一寸边框的收窄、每一克重量的减轻，都是新材料、新铰链、新设计合力的结果，也成功将旗舰机型的行业平均重量降至230g， 平均厚度降低在9mm之下。 推翻折叠屏行业的"不可能三角"。 今年7月初，三星发布第七代折叠屏产品Galaxy Z Fold7与 Z Flip7。其中，Z Fold7凭借215克重量，折叠后8.9mm的厚度，成为今年三星产品线中最受瞩目 的新品之一，也完成了该系列产品有史以来最大的升级。 作为一款划时代的折叠产品，其在轻薄、续航、影像等方面的进步，让折叠屏不止于手机，而真正进化为一款"超级设备"。 Light and Right， "轻薄哲学"下的技术极限 任何看到三星Galaxy Z Fold7的人，都会先惊讶于它的薄。相比前代，它不仅机身厚 ...

格隆汇8月1日丨领益智造(002600.SZ)在互动平台表示，公司为三星Galaxy Z Fold7供应超薄钛合金支撑 件等零部件。 ...

Core Viewpoint - The article discusses the disparity in battery capacities between domestic Chinese smartphone brands and international brands like Apple and Samsung, attributing it to technological advancements in battery technology and international shipping regulations rather than a lack of desire or capability from the latter [3][10][36]. Group 1: Battery Technology Advancements - Domestic smartphone brands have made significant advancements in battery technology, with flagship models approaching or exceeding 6000mAh, while international brands like Apple and Samsung are limited to around 4400mAh [3][4]. - The rise of high-density silicon-carbon anode lithium batteries has been a key factor in this development, with companies like Huawei, Vivo, and OPPO adopting these technologies across various models [5][6]. - The theoretical capacity of silicon anodes can reach up to 4200 mAh/g, significantly higher than traditional graphite anodes, which are nearing their theoretical limits [6][7]. Group 2: Market Dynamics and Regulations - The intense competition in the domestic market, combined with consumer demand for higher specifications and a robust battery supply chain, has led to the widespread adoption of high-capacity batteries in Chinese smartphones [8]. - International brands face logistical challenges due to regulations such as the UN Special Provision 188, which classifies batteries over 20 watt-hours as hazardous materials, increasing shipping costs and complicating logistics [10][11][15]. - Apple and Samsung prioritize maintaining lower shipping costs and profit margins, which leads them to opt for smaller batteries despite their technological capabilities [17][19]. Group 3: Battery Durability and Consumer Behavior - While silicon-carbon batteries offer high capacity, they also present challenges in durability and lifespan, with issues such as physical expansion and faster capacity degradation [26][29][32]. - The average consumer in China tends to replace their smartphones frequently, which may mitigate concerns over battery longevity, allowing manufacturers to focus on high-capacity solutions [34][35]. - The international market's stringent regulations and the need for longer-lasting products may prevent Apple and Samsung from adopting larger batteries in the near future [19][36].

Core Viewpoint - Transsion is set to launch its first tri-fold smartphone, the Phantom Ultimate G Fold Concept, following similar products from Huawei and Samsung, indicating a competitive push in the foldable smartphone market [1][7]. Group 1: Product Features - The Phantom Ultimate G Fold Concept features a G-shaped folding design with an internal dual-hinge structure, offering a 9.94-inch display when unfolded and a battery capacity exceeding 5000mAh [1][7]. - In its folded state, the device measures only 11.49mm thick, and 3.49mm when unfolded, making it thinner than competitors like Huawei Mate XT Ultimate and Samsung Galaxy Z Fold 7 [3][5]. - The device utilizes a custom dual-hinge system, which includes a droplet-shaped hinge for folding and a larger main hinge that allows for partial folding, enabling functionalities like video calls [5][7]. Group 2: Market Context - The global smartphone market experienced a 1% year-on-year decline in Q2 2025, marking the first drop in six consecutive quarters, attributed to cautious consumer sentiment amid economic uncertainty [7]. - Samsung maintained its market leadership with a 19% share, followed by Apple at 16%, Xiaomi at 15%, and Transsion at 9%, which saw a 2% decline in market share [7][9]. - Transsion's performance has been under pressure, with a significant revenue drop of 25.45% year-on-year in Q1 2025, and a net profit decline of 69.87%, attributed to market competition and supply chain costs [8][9]. Group 3: Financial Performance - In 2024, Transsion reported a revenue of 68.715 billion yuan, a 10.31% increase, but this was a significant slowdown from the previous year's 33.69% growth, marking the second-lowest growth rate since its listing [8]. - The net profit for 2024 was 5.549 billion yuan, a slight increase of 0.22%, while the non-recurring net profit fell by 11.54% [8].

Investment Rating - The report suggests a positive outlook for the electronic sector, indicating a gradual recovery in demand and price stabilization, recommending a slow accumulation of positions in the market [5][6]. Core Insights - The electronic sector is experiencing a mild recovery, driven by strong downstream demand from AIOT and accelerated product penetration by companies like Lexin Technology and Rockchip, which are expected to report impressive half-year results [5][6]. - The release of the multi-modal model Grok 4 by xAI has significantly enhanced reasoning capabilities, potentially opening new application scenarios [5][11]. - The report highlights four main investment themes: AIOT, AI-driven technologies, equipment materials, and consumer electronics [5][6]. Summary by Sections Industry Overview - The report notes that the semiconductor sector is entering a period of intensive earnings forecasts, with companies like Lexin Technology and Rockchip expected to show substantial revenue growth due to ongoing demand in AIOT and other emerging fields [5][6]. Company Performance - Lexin Technology anticipates a revenue of CNY 1.22-1.25 billion for the first half of 2025, a year-on-year increase of 33%-36%, with net profit expected to rise by 65%-78% [5][17]. - Rockchip expects to achieve approximately CNY 2.045 billion in revenue, reflecting a year-on-year growth of about 64%, with net profit projected to increase by 185%-195% [5][17]. Market Trends - The report indicates that the electronic industry outperformed the broader market, with the Shenzhen and Shanghai 300 Index rising by 0.82% and the Shenwan Electronics Index increasing by 0.93% [19][21]. - The semiconductor sub-sector showed a positive trend, with a 1.07% increase in semiconductor stocks [21][26]. Investment Recommendations - The report recommends focusing on companies benefiting from strong domestic and international demand in the AIOT sector, such as Lexin Technology and Rockchip [5][6]. - It also suggests monitoring AI innovation-driven sectors, including computing chips and optical devices, as well as upstream supply chain components [5][6].

Core Viewpoint - Samsung Electronics has launched the new foldable flagship Galaxy Z Fold7, which integrates Galaxy AI with advanced hardware, setting a new benchmark for foldable smartphones and enhancing user experience through innovative design and technology [1]. Group 1: Product Features - The Galaxy Z Fold7 is lighter than the Galaxy S25 Ultra, weighing only 215 grams, with a thickness of 8.9 mm when folded and 4.2 mm when unfolded [1]. - The external display features a 6.5-inch second-generation dynamic AMOLED screen with a new 21:9 aspect ratio, providing a wider field of view [1]. - The main screen size has increased by 11% compared to the previous model, enhancing multitasking capabilities [2]. Group 2: Structural and Durability Enhancements - The main screen structure has been upgraded with a titanium metal protective layer, increasing structural strength while maintaining a lightweight design [2]. - The thickness of the UTG (Ultra Thin Glass) has been increased by 50%, making the screen more durable [2]. Group 3: Imaging and AI Capabilities - The Galaxy Z Fold7 incorporates professional-grade imaging capabilities, delivering high-resolution and stable imaging through advanced hardware and intelligent imaging [2]. - The device features enhanced Galaxy AI integration, providing a more intuitive and efficient user interaction experience, optimized for the foldable form factor and large screen [3]. - Samsung One UI 8 includes context awareness and natural response capabilities, significantly reducing app interface transitions and improving productivity [3]. Group 4: Pricing and Availability - The Galaxy Z Fold7 is available in four colors: Shadow Blue, Night Silver, Phantom Black, and Frost Green (exclusive to Samsung Mall), with a suggested retail price starting at 13,999 yuan [3].

Core Viewpoint - Samsung has officially launched the Galaxy Z Fold7 and Galaxy Z Flip7 FE, marking significant advancements in foldable smartphone technology and offering competitive pricing in the market [1][5]. Group 1: Product Specifications - The Galaxy Z Fold7 features a lightweight design at 215g, making it the lightest large foldable phone globally, with a thickness of 4.2mm when unfolded and 8.9mm when folded [1]. - The Galaxy Z Flip7 FE is Samsung's first "Fan Edition" foldable smartphone, aimed at providing a more affordable option in the foldable market [1]. - The Z Fold7 has a 6.5-inch AMOLED 2X outer display and an 8-inch inner display, both supporting a 1-120Hz adaptive refresh rate, while the Z Flip7 FE has a 3.4-inch outer display and a 6.7-inch inner display with similar features [3]. Group 2: Performance and Features - The Galaxy Z Fold7 is powered by the Qualcomm Snapdragon 8 Gen 2 for Galaxy processor, with a 4400mAh battery supporting satellite communication and fast charging options [4]. - The Z Flip7 FE utilizes a 4nm Exynos 2400 chip and has a 4000mAh battery, also supporting fast charging [4]. - Camera specifications for the Z Fold7 include a 10MP front camera and a rear setup of 200MP main, 12MP ultra-wide, and 10MP telephoto lenses, while the Z Flip7 FE features a 10MP front camera and a rear setup of 50MP main and 12MP ultra-wide lenses [4]. Group 3: Pricing - The Galaxy Z Fold7 is priced starting at 13,999 yuan for the 12GB+256GB version, with higher configurations available at 14,999 yuan for 12GB+512GB and 17,499 yuan for 16GB+1TB [5][6]. - The Galaxy Z Flip7 FE is currently available in a single configuration of 8GB+256GB, priced at 6,499 yuan [6].

Group 1 - Samsung Electronics officially launched the new foldable flagship Galaxy Z Fold7, featuring upgrades in craftsmanship, design, professional imaging systems, and Galaxy AI technology [1][2] - The Galaxy Z Fold7 has an 11% larger main screen compared to its predecessor, enhancing multitasking and immersive experiences [1][2] - The device integrates Galaxy AI capabilities deeply with its foldable design, providing a more intuitive and immersive AI interaction experience [2] Group 2 - The new hinge structure and foldable screen of the Galaxy Z Fold7 have been optimized, resulting in a thinner and lighter design that enhances durability and reduces creasing [2] - The Snapdragon 8 Gen 2 mobile platform for Galaxy offers significant performance improvements, with a 41% increase in NPU performance, 38% in CPU, and 26% in GPU compared to the previous generation [2] - Industry experts believe that the technological advancements in the Galaxy Z Fold7 will address practical issues of traditional foldable screens and drive further iterations in foldable display technology, impacting the mid-to-high-end smartphone market [3]

Group 1 - The first official investigation report on the Indian Airlines Boeing 787 crash is expected to focus on fuel control switch operations rather than mechanical failure [1] - The crash occurred shortly after takeoff on June 12, resulting in 241 fatalities, with only one survivor [1] - The report is anticipated to be released around July 14 [1] Group 2 - Jay Chou's entry into Douyin has led to a surge in related stocks, with "Jay Chou concept stocks" seeing a rise of over 90%, triggering a cooling-off mechanism in the Hong Kong stock market [2] - In May 2020, Kuaishou announced a copyright cooperation with JVR Music, allowing users to access Jay Chou's songs and music videos for free [2] Group 3 - The U.S. stock market saw all three major indices rise on July 9, with the Dow Jones up 0.49%, Nasdaq up 0.94%, and S&P 500 up 0.61% [3] - Major tech stocks mostly increased, with Nvidia rising 1.8% and its market cap briefly surpassing $4 trillion [3] Group 4 - Emperor International reported a total revenue of HKD 1.376 billion for the fiscal year 2024-2025, a 41.5% increase year-on-year, but losses increased from HKD 2.028 billion to HKD 4.84 billion, a 138% rise [4] - The company has HKD 16.6 billion in overdue bank loans, raising concerns about its ongoing viability [4] Group 5 - Starbucks' potential sale of its China business has attracted bids valuing the unit at up to $10 billion, with nearly 30 private equity firms participating [5] - The current market cap of Starbucks is approximately $108 billion, with its China operations contributing over 8% to global revenue [5] Group 6 - Apple is considering John Ternus, the hardware engineering chief, as the most likely successor to CEO Tim Cook, who is expected to remain for another three years [6] - Ternus is well-respected within the company and has received positive feedback from the leadership team [6] Group 7 - Malaysia's central bank cut its overnight policy rate by 25 basis points to 2.75%, marking the first rate cut since July 2020 [7] Group 8 - Nissan has suspended production of three models intended for the Canadian market at its U.S. plants due to tariffs on imported vehicles [10] Group 9 - Goldman Sachs raised its forecast for U.S. copper import tariffs from 25% to 50%, anticipating accelerated exports ahead of the potential tariff implementation [11] Group 10 - North Rare Earth announced an expected net profit of 900 million to 960 million yuan for the first half of 2025, representing a year-on-year increase of 1882.54% to 2014.71% [14] - Muyuan Foods projected a net profit of 10.5 billion to 11 billion yuan for the first half of 2025, a year-on-year increase of 924.6% to 973.39% [15] - Hongta Securities expects a net profit of 651 million to 696 million yuan for the first half of 2025, a year-on-year growth of 45% to 55% [16]