On September 24, Gelonghui reported that Yue'an New Materials (688786.SH) recently stated at the performance briefing that the company's development and introduction of high-strength steel powder materials for folding screen hinge applications have progressed smoothly. According to the needs of different end customers, multiple models are currently in mass production. With the increasing market demand, the company's production and sales of high-strength steel powder are steadily increasing. At the same time, based on more complex process technology, its gross margin is relatively higher than conventional atomized alloy powder. Currently, the company has established cooperative relationships with many well-known component manufacturers and supplies products to the industry chain of multiple mobile phone brands such as Honor, VIVO, and OPPO. Given the continuous improvement in the iteration of folding screen technology and the increasing popularity of products, the market demand for high-strength steel powder is expected to further increase.