Samsung recently released a “double fold” folding screen mobile phone patent, which has a set of hinges in the horizontal and vertical directions, so that the mobile phone can fold horizontally, vertically, outwards and inwards at the same time. As early as 2021, Huawei mate X2, Xiaomi mix fold, Huawei P50 pocket and other folding screen mobile phones came out one after another. According to the survey data of DSCC, the total shipment of folded mobile phones is expected to increase by 15.82% year-on-year in the third quarter of 2022, which is expected to be close to that of the third quarter of 2022.
China Securities Co.Ltd(601066) analysts previously said that the folding screen market has initially completed consumer education. At the same time, it has made major breakthroughs in problems such as mass production and application ecology, and is about to usher in rapid growth. According to the analysis of Jiwei consulting, with the size of mobile phones approaching the limit, the hinge design is gradually maturing, and the targeted optimization of software and hardware, the folding screen has become a new direction for the development of the industry. The “first year of folding screen” in the real sense of large-scale shipment will be opened in 2022, and the folding screen mobile phones will usher in explosive growth.
According to the statistics of securities times · databao, there are 89 concept stocks involving folding screens, and the market value of A-Shares totals 1.21 trillion. By the end of last year, these concept stocks had obtained a total of 692 fund positions. There are more than 50 funds with positions in four stocks, including Boe Technology Group Co.Ltd(000725) , Avary Holding (Shenzhen) Co.Limited(002938) , Wuhu Token Sciences Co.Ltd(300088) , Lianchuang Electronic Technology Co.Ltd(002036) .
Affected by the weak trend of the whole technology sector, the performance of folding screen concept stocks has been flat since this year. According to data treasure statistics, since January, concept stocks have fallen by an average of 9.18%, underperforming the Shanghai Composite Index in the same period.
In a longer cycle, many leading stocks in the folding screen industry have fallen to a lower position. According to the statistics of data treasure, compared with the high point of nearly a year, more than half of the folding screen concept stocks retreated by more than 30%. The share prices of Shenzhen Danbond Technology Co.Ltd(002618) , Zhejiang Yongtai Technology Co .Ltd(002326) , Liao Ning Oxiranchem Inc(300082) , Lens Technology Co.Ltd(300433) , Shenzhen Baoming Technology Co.Ltd(002992) , Jiangxi Firstar Panel Technology Co.Ltd(300256) , Xiamen Hongxin Electronics Technology Group Inc(300657) etc. fell sharply. One of the leaders in the electronics industry Lens Technology Co.Ltd(300433) retreated by 55.73%, and the latest a stock market value was 73.2 billion yuan. The performance forecast shows that the company expects the net profit of last year to decline by 59% to 51% year-on-year.
According to the statistics of data treasure, at present, the rolling P / E ratio of 10 stocks is less than 20 times, and the rolling P / E ratios of 3 stocks such as Tpv Technology Co.Ltd(000727) , Tcl Technology Group Corporation(000100) , Boe Technology Group Co.Ltd(000725) are all at the single digit level.
In terms of funds, northbound funds began to intervene in the folding screen concept stocks with high pullback. According to the statistics of data treasure, according to the rough calculation of the average transaction price, Zhejiang Yongtai Technology Co .Ltd(002326) , Huagong Tech Company Limited(000988) , Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) , Wuhu Token Sciences Co.Ltd(300088) , Shenzhen Everwin Precision Technology Co.Ltd(300115) and other five stocks were increased by more than 100 million yuan by going north. The latest closing prices of these five stocks were more than 20% higher than the highs of the past year. One of the leading lithium battery companies Zhejiang Yongtai Technology Co .Ltd(002326) gained an additional 777 million yuan from northbound capital, and the latest price of the stock has retreated a lot from the high point in the past year.
From the perspective of growth potential, according to the consistent prediction data of more than 5 institutions, the net profit growth of 14 folding screen concept stocks is expected to exceed 20% in the next two years. Among these 14 stocks, 8 have announced the performance forecast of 2021, and the net profit has increased by more than 20% year-on-year, of which the net profit of three stocks such as Hubei Dinglong Co.Ltd(300054) , Tongfu Microelectronics Co.Ltd(002156) , Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) has increased by more than twice in advance.
