On the afternoon of December 23, Huawei held its winter flagship new product launch and officially released its first vertical folding mobile phone Huawei P50 pocket. It is reported that the Huawei P50 pocket adopts the up-down folding design, combined with the new generation of water drop hinge and multi-dimensional linkage lifting technology, which can realize seamless folding. It is equipped with a 6.9-inch large screen and Hongmeng operating system. It has three colors: Crystal Diamond White, obsidian black and gilt gold, and supports 40W Hua as super fast charging. P50 pocket can realize innovative interactive experience through the external screen, and can realize the operation of main functions such as notification, schedule, music, weather and payment without expansion.
Mobile phone manufacturers have entered the market, and a hundred flowers bloom in the folding screen mobile phone market. China International Capital Corporation Limited(601995) pointed out that in the past, limited by the technical level, folding screen mobile phones performed poorly in basic performance such as creases and weight, so consumers did not fully feel the experience upgrading brought by folding screen mobile phones. The upgrade of folding screen mobile phones is not only the large screen, but also the efficiency upgrade brought by different modes such as large screen, split screen and hover, which solves the problems that ordinary single screen mobile phones cannot solve, such as film viewing, reading experience and dual screen operation, and will become a key innovation to break the bottleneck of mobile phone iteration. Folding screen mobile phones bring consumers not only screen enlargement, but also efficiency upgrading and experience optimization. They are optimistic about the driving effect of breakthrough innovation brought by folding screen mobile phones on consumers' purchase enthusiasm.
According to counter point data, it is estimated that the global shipment of folding screens will reach 9 million in 2021, with a year-on-year increase of 200%. It is estimated that the shipment volume will reach 183 billion units in 2022, with a year-on-year increase of more than 100%. It is estimated that the shipment volume in 2023 will increase by 10 times compared with that in 2020. East Asia Qianhai Securities pointed out that under the background that the development of the global smart phone market tends to be saturated, the form of mobile phone screen will become one of the main innovations of smart phones in the future, and folding screen mobile phones will be an important direction of mobile phone development in the future. With the continuous maturity of foldable OLED panel, cover plate, hinge and other technologies in recent years, the cost of foldable screen mobile phones has gradually decreased. It is expected that the market scale of foldable screen mobile phones will usher in explosive growth in the next 3-5 years.
Southwest Securities Co.Ltd(600369) believes that the hinge structure of folding screen mobile phone has a great impact on the closure degree, crease effect and body thickness. In order to improve the user experience, the hinge has become an important direction for the upgrading of folding screen mobile phone manufacturers. With the large volume of folding screen mobile phones and the upgrading of U-shaped hinge structure to water drop hinge structure, the price of MIM process hinge structure and the consumption of single machine will increase significantly in the future. In addition, MIM manufacturers are expected to further participate in the hinge assembly of domestic android brand folding screen mobile phones, so as to further improve their stand-alone value and overall market space. It is estimated that by 2023, the hinge market scale of folding screen mobile phones is expected to reach more than 6 billion yuan, and the market scale of MIM structural parts is expected to reach 2 billion yuan. With the continuous improvement of the penetration rate of folding screen mobile phones, the hinge market space will be huge in the future. Pay attention to the investment opportunities of hinge supply chain, focusing on Jiangsu Gian Technology Co.Ltd(300709) , Nbtm New Materials Group Co.Ltd(600114) .
(Securities Times)
