● 本报记者 张兴旺 Choice数据显示，三季度以来，机构密集调研水晶光电、工业富联、鹏鼎控股、环旭电子、蓝思科技、 大族激光、京东方、东山精密等30多家苹果产业链公司。 机构积极调研 国盛证券研报称，2025年，随着大客户新机的推出，手机中元器件数量增加，电池容量也不断扩大，手 机内部空间趋于紧张，因而对轻薄、体积小、导线线路密度高的FPC需求日益提升，AI功能的加入对于 软板设计难度大幅提升，预期平均售价上升，高端产能将会紧缺，龙头公司强者恒强。 Choice数据显示，三季度以来，水晶光电、工业富联、鹏鼎控股、环旭电子等10家苹果产业链公司均获 得50家以上机构调研。 水晶光电是苹果供应链公司。8月19日，中国银河证券、国泰海通证券、易方达基金等200多家机构调研 水晶光电。水晶光电表示，过去几年，公司与北美大客户的合作成效显著。在核心光学元器件及光学模 块领域，公司与北美大客户在各个方面均开展了全方位、结构化的合作。目前合作的项目众多，且极具 发展潜力。 8月19日，中国证券报记者从产业链人士处获悉，苹果iPhone 17已进入大规模量产阶段。记者注意到， 富士康作为苹果iPhone的主要代工生产商， ...

8月7日~9日，显示行业盛会2025国际显示技术及应用创新展（DIC 2025）在上海新国际博览中 心隆重举行，本次展会规模再创历史，超300家国内外知名显示产业链企业参展，涉及显示面板、 上游材料、核心设备、终端应用等环节。 在本次DIC展会现场，车载显示成为了最亮眼的展品。京东方、TCL华星、惠科、天马、维信诺、 龙腾光电、和辉光电等面板厂商纷纷展出丰富车载显示应用，覆盖中控屏、抬头显示、仪表显示 屏、娱乐显示屏、电子后视镜等，涉及LCD、OLED、Mini LED、Micro LED等显示技术。 图片来源：DIC显视界 京东方车载显示屏 天马车载显示屏 维信诺车载显示屏 随着汽车行业向着电动化、智能化、互联化、共享化的方向发展，汽车行业对于显示屏的应用需求 正在持续提升，且车载显示应用形态也从单一中控屏向多屏交互、全场景融合形态发展。因此，车 载显示正在成为显示面板企业未来发展的核心。 从市场需求来看，TrendForce集邦咨询分析认为，2024年车用面板出货量达到1.967亿片，同比 增长近10%。预计2025年车用面板总出货量有望突破2亿片，达到2.089亿片。大体量需求刺激着 面板企业将更多资源 ...

Core Viewpoint - The global ultra-thin flexible glass (UTG) industry is experiencing a critical phase of technological iteration and market expansion, with significant growth in the foldable smartphone market, which saw shipments reach 23.8 million units last year, reflecting a compound annual growth rate of over 24% [3][4]. Group 1: Industry Dynamics - The UTG solution has become the mainstream trend for foldable smartphone covers, with UTG covers accounting for 51% of the total domestic foldable smartphone volume in the first half of last year. It is projected that the domestic foldable smartphone UTG cover installation will grow to nearly 6.6 million units by 2025 [3][4]. - The rapid growth of the foldable screen market is driving demand for core glass and metal structural components, continuously enhancing the unit value of smartphones. The cover is a key technology for the "thinning" of foldable screens [3][4]. Group 2: Company Developments - **KaiSheng Technology**: The second phase of the UTG project is expected to reach operational status by October 2025, with four production lines already built and others in installation and debugging phases. The project has experienced some delays but is progressing based on market conditions [4][5]. - **Changxin Technology**: The subsidiary Dongxin Optoelectronics has successfully secured orders for Flip and Fold models, with plans to accelerate the construction of a new industrial park to meet domestic and international demand. They have developed a sliding roll UTG process and can now produce small batches [5][6]. - **Lens Technology**: Positioned to become a major supplier of UTG for Apple's foldable products, Lens has made significant progress in developing and validating new foldable screen products, with plans for capacity expansion to support mass production [6][7]. - **Said Semiconductor**: Currently holds nearly 90% of the domestic market share for UTG in terminal applications, with a production capacity of 700,000 pieces per month across two production lines [7][8]. - **SuChuan Technology**: Recently signed a project for a UTG flexible glass production line with a total investment of 3.8625 billion yuan, aiming for an annual production capacity of 5 million pieces [8][9]. - **Dowooinsys**: Innovating a "hybrid UTG" technology that enhances durability while maintaining thinness, with plans for mass production by 2026 [11][12]. Group 3: Market Trends - In the first half of 2025, seven brands launched new foldable smartphones, all utilizing UTG as the cover material, emphasizing "ultra-light" and "ultra-thin" as key selling points. This shift is pushing competition in the foldable smartphone market to a new level [17][18]. - Apple's first foldable iPhone is expected to be released by the end of 2026 or early 2027, featuring a horizontal fold design and utilizing UTG covers supplied by Lens Technology [17][18].