Core Viewpoint - Yian Technology (300328) announced on November 27 that it is focusing on the development and application of amorphous alloys, which possess unique properties and advantages over traditional materials [1] Group 1: Amorphous Alloys - Amorphous alloys are characterized by a non-crystalline state, differing from the periodic and symmetrical atomic arrangement of conventional metals [1] - The long-range disorder structure of amorphous alloys provides exceptional properties such as high strength, high hardness, high smoothness, corrosion resistance, and wear resistance [1] - Amorphous alloys exhibit superior bending strength, tensile strength, and elastic deformation compared to commonly used materials [1] Group 2: Processing Advantages - The processing methods for amorphous alloys are more efficient than traditional methods, allowing for faster production, fewer post-processing steps, and high precision in mold forming [1] - Amorphous alloys can be produced in bulk, enhancing manufacturing capabilities [1] Group 3: Environmental Impact - The production process of amorphous alloys involves non-toxic raw materials and products, resulting in minimal environmental impact [1] - In an increasingly stringent environmental policy landscape, amorphous alloys offer significant production advantages [1] Group 4: Product Applications - The main products produced by the company include structural components for foldable screen smartphones, wearable devices, door locks, medical equipment, and sports equipment [1] - The company is committed to deepening its existing product areas while continuously exploring the feasibility of applications in other fields [1]

Group 1: Company Performance and Strategy - The company's Q3 performance showed a positive trend, driven by leadership's accurate policy assessment and market trend analysis, focusing on innovation and efficiency improvements [2] - The company emphasizes enhancing its core business while rapidly developing growth-oriented sectors through increased R&D investment [4] - The company is committed to improving shareholder returns by focusing on performance, optimizing business structure, and enhancing communication with investors [7] Group 2: Product Advantages and Applications - Amorphous alloy materials exhibit superior properties such as high strength, hardness, and corrosion resistance, making them preferable over traditional materials [3] - Magnesium alloys are recognized as the lightest metal structural materials, offering significant advantages in weight reduction and energy efficiency for electric vehicles [8] - The company produces various products, including components for foldable smartphones, wearable devices, and medical equipment, while exploring new application areas [3] Group 3: Business Segments and Future Plans - The company has three main business segments: integrated casting of magnesium-aluminum alloys, growth-oriented amorphous alloys, and biodegradable medical magnesium [4] - The company is in the process of registering its first magnesium bone screw, with approval expected to follow regulatory requirements [5][6] - A new factory in Qingxi Changshantou is set to be completed by January 2027, focusing on precision die-casting of light alloys and amorphous alloy components [10] Group 4: Market Expansion and Capital Operations - The company is establishing a subsidiary in Mexico to serve North American automotive clients, with a phased approach to building production capabilities [10] - Future capital operations will be considered to enhance business integration and competitiveness, with timely disclosures to be made as necessary [10]

Group 1 - Apple is expected to launch its first foldable iPhone by 2026, resembling Samsung's book-style foldable design, featuring a four-camera system and returning to Touch ID technology [1] - Supply chain sources indicate that Apple suppliers have begun preparing for this model, with plans for mass production starting early next year to ensure a timely release in the fall [1] - Companies like 精研科技 are focusing on foldable screen technology, collaborating with major clients on various stages of product development, including technical consulting and mass production [1][2] Group 2 - The foldable smartphone market is currently dominated by Android devices, and Apple's potential entry could significantly influence the industry by addressing existing pain points [2] - 精研科技, a key supplier for Apple, is involved in providing components for foldable devices, while other suppliers like 领益智造 and 宜安科技 are also engaged in the foldable screen supply chain [3] - IDC reports that China's foldable smartphone market shipped approximately 700.7 million units in 2023, marking a 114.5% year-on-year increase, with projections of 917 million units in 2024, reflecting a slowdown in growth [3] Group 3 - Future development of foldable smartphones will focus on enhancing productivity and breaking down ecosystem barriers, as highlighted by IDC [4] - TrendForce indicates that advancements in technology and price reductions are making foldable phones a focal point in the mid-to-high-end market, with manufacturers preparing for a potential market explosion in 2026 [4] - Apple is considering the use of liquid metal for structural components, which could lead to significant upgrades in the supply chain if combined with advanced manufacturing techniques [4][5]