① The global smartphone market has been declining for nine consecutive quarters. Only the folding screen phone category remains strong and continues to grow. ② Huatai Securities believes that with the continuous optimization of UTG process technology, UTG's production efficiency and product performance are expected to be further enhanced, and its share in folding screen cover materials is expected to continue to increase, which in turn will drive improvements in the performance and user experience of folding screen products.
The global smartphone market has been declining for nine consecutive quarters; only the folding screen phone category remains strong and continues to grow. According to industry media statistics, from mid-July to mid-October of this year, in the past 100 days, domestic and foreign mobile phone manufacturers such as Honor, OPPO, Xiaomi, Samsung, Huawei, and Voice have released a total of 13 new folding screen phones, almost double the number of new folding screen phones in the first half of the year. Next year, Huawei and Samsung plan to launch more competitively priced folding screen phones, and other Android phone manufacturers will follow suit to accelerate the expansion of the folding machine market.
Folding screen phones are an important category of high-end Android models. The IDC report points out that with the iteration of technology, the pain point of “heavy and expensive” is gradually being solved, and products are becoming lighter and thinner. In the third quarter, China shipped 1.96 million folding screen phones, an increase of 90.4% over the previous year. Currently, protective covers for folding screen phones are mainly divided into two technical paths: CPI and UTG. According to statistics from Shiyin, UTG's market share in the folding screen terminal market has increased rapidly. In 2022, UTG's penetration rate in folding screen phones has reached 86.3%, and is expected to exceed 93% in 2023, gradually replacing CPI. Huatai Securities believes that with the continuous optimization of UTG process technology, UTG's production efficiency and product performance are expected to be further enhanced, and its share in folding screen cover materials is expected to continue to increase, which in turn will drive improvements in the performance and user experience of folding screen products.
According to the Finance Federation's theme library, among the relevant listed companies:
Lansi TechnologyHe said that in the field of folding screen phones, the company has established in-depth cooperation with relevant customers to provide one-stop product solutions and services, including but not limited to 3D glass, UTG glass, CPI film, and metal components for exterior protection.
Kaisheng TechnologyThe UTG business is fully connected with a number of mainstream domestic terminal mobile phone manufacturers. The company said that UTG has ordered delivery and has already applied it to related terminals and mobile phones.