Summary of the latest developments 1 Huawei held the 2021 winter new product launch, and Huawei’s Hongmeng auto AITO M5 was launched. This model is the second model cooperated by Huawei Zhixuan and Salis, and it is also the first Hongmeng car. AITO Q & J M5 is equipped with Huawei driveone pure electric drive range extension platform and a new harmonyos intelligent cockpit for the first time, providing users with an easy, convenient and rich immersive driving experience. We believe that the trend of intelligent vehicle will accelerate penetration. In December this year, Mercedes Benz L3 class automatic driving system was approved by the German Federal traffic control bureau. It has officially opened the first step of the global L3 automatic driving. In 2025, the global L3 penetration rate will reach 12%. 2. Huawei p50pocket folding screen mobile phone was officially released. The p50pocket can realize seamless folding of the fuselage. The rear lens supports fluorescent photography, and the price is only 8988 yuan. The p50pocket adopts Huawei’s new generation of water drop hinge, which can realize the seamless folding of the fuselage. The thickness of the folded fuselage can be 15.2mm. After unfolding, the flatness of the screen is improved by 28%. At the same time, the impact resistance of the hinge is improved by 62% and the extreme pressure resistance is improved by 33%. The folding mobile phone market has undergone more than two years of technical iteration: the folding mode, design, materials and operating system have been continuously tested and optimized, which has basically met the use needs of consumers; In terms of price, with the continuous participation of market players and the reduction of technical cost, the price of folding screen mobile phones has dropped from 15000-20000 yuan to about 8000 yuan, and the cost performance has increased significantly. DSCC predicts that the sales volume of folding screen mobile phones will rise to 3.8 million in the fourth quarter of 2021, with a year-on-year increase of 480% and a month on month increase of 215%; The shipment of folding screen mobile phones is expected to increase to 17.5 million units in 2022. Folding screen mobile phones have entered the popularization stage, and the market will usher in a rapid outbreak period. It is suggested to pay attention to leading enterprises in relevant industrial chains.
Driven by the strong demand for 5g terminals and automobile electrification from the perspective of industry configuration, the profit end of the electronics industry will accelerate growth in 2021 and maintain the “recommended” rating. In terms of domestic substitution of semiconductors, It is recommended to pay attention to Semiconductor Manufacturing International Corporation(688981) (0981. HK), Huahong semiconductor (1347. HK), etc.; in the design field, Maxscend Microelectronics Company Limited(300782) (300782. SZ), Wingtech Technology Co.Ltd(600745) (600745. SH), Montage Technology Co.Ltd(688008) (688008. SH), etc.; in the equipment field, it is recommended to pay attention to Naura Technology Group Co.Ltd(002371) (002371. SZ), Advanced Micro-Fabrication Equipment Inc.China(688012) (688012. SH), etc. in the automotive electronics field, it is recommended to pay attention to the intelligent cockpit company Foryou Corporation(002906) (002906. SZ), camera enterprise sunny optical technology (2382. HK), Lianchuang Electronic Technology Co.Ltd(002036) (002036. SZ), Ofilm Group Co.Ltd(002456) (002456. SZ), and vehicle specification CIS supplier Will Semiconductor Co.Ltd.Shanghai(603501) (603501. SH). In terms of consumer electronics, it is recommended to pay attention to VR leading manufacturer Goertek Inc(002241) (002241. SZ) and Luxshare Precision Industry Co.Ltd(002475) (002475. SZ), Avary Holding (Shenzhen) Co.Limited(002938) the core targets of iPhone industry chain (002938. SZ), etc. in terms of LED, it is suggested to pay attention to the downstream display faucet Leyard Optoelectronic Co.Ltd(300296) (300296. SZ), LED chip faucet Sanan Optoelectronics Co.Ltd(600703) (600703. SH) and China led solid crystal machine faucet Shenzhen Xinyichang Technology Co.Ltd(688383) (688383. SH).
Risk tip: the penetration rate of automatic driving and folding mobile phones is lower than expected.
