The Zhitong Finance App learned that after the Huawei Mate 60 series, another new model from Huawei set off the market. At 12:08 on September 7th, the much-anticipated Huawei tri-folding phone MateXT Extraordinary Master opened pre-orders. As of 12:08 on the 8th, within 24 hours, the Huawei Mall showed that the number of pre-orders for this product had exceeded 2 million, reaching 2.05 million. According to information, this tri-folding phone will be officially launched at the Huawei press conference on September 10. The price will also be announced at that time, and it will officially go on sale at 10:08 on September 20.

According to the official Huawei store, the Huawei MateXT Extraordinary Master has two configuration versions, namely 16+512 GB and 16+1 TB storage versions. In terms of appearance, the Huawei MateXT has two color options: Rui Red and Dark Black. The phone uses an octagonal rear camera design with four cameras, and the lens ring and surrounding area of the phone are metallic.

In August of this year, Yu Chengdong was photographed using a three-folding screen phone in the cabin of an airplane. When all three folding screen phones were unfolded, the inner screen was much larger than a normal large folding phone. Yu Chengdong also revealed during Dong Yuhui's live broadcast, “Everyone can imagine the next generation of folding screens, but they can't make it. We've been thinking about it for five years, and it may finally be coming out soon.”

According to IDC data, in the second quarter of 2024, China's folding screen phone shipments increased 104.6% year-on-year, reaching 2.57 million units. With the release of next-generation folding screen products from more manufacturers and the increase in new folding screen product lines from manufacturers such as Honor, it is expected that the folding screen phone market in China will continue to grow rapidly in the second half of the year, and the development situation is better than the global folding screen phone market.

According to an agency analysis, the current increase in the penetration rate of folding screen phones has increased, and Huawei's three folding screen phones may boost market sentiment. Recently, the folding screen concept has continued to receive financial attention, and a number of listed companies have responded to related questions on interactive platforms.

On September 6, Keson Technology announced that the company's folding screen hinge assembly business has a single customer. Currently, the company uses outsourced structural parts to assemble folding screen mobile phone hinges. Up to now, no revenue has been generated in 2024. The company expects the revenue generated during this business year to account for less than 1% of the 2024 revenue. Earlier, the company revealed that Apple and Huawei are its partners, but Apple is not currently launching folding screen phones, which may indicate that it is a supplier of Huawei folding screen products.

Regarding whether to participate in Huawei's three-folding screen business, Lansi Technology stated on the investor interactive platform, “The company has formed long-term in-depth strategic cooperation with leading consumer electronics brands and has become the main supplier of exterior parts, structural parts, and functional modules.” Maijie Technology said that the company mainly provides basic electronic components for power management and signal processing units in mobile phones, and the same goes for folding screen phones. Since it has signed confidentiality agreements with some customers, the company has not disclosed the cooperative relationships with all customers. Vicente mentioned in its reply that the company has a large reserve of leading technology in the folding field and has now supplied a variety of folding products to customers from various brands. Please pay attention to terminal customer announcements for specific product information.

Huafu Securities said that the number of reservations for Huawei's tri-folding phones continues to grow. Compared with ordinary folding screens, tri-fold screen phones will add a hinge, and the tri-fold screen hinge market space is expected to increase further. It is recommended to focus on the production and processing of folding screen hinges; pay attention to the application of titanium alloy materials in folding screen phones. Furthermore, folding screen phones may bring about new changes in assembly and inspection methods.

Research reports related to Guoxin Securities suggest focusing on targets related to the Huawei industry chain, such as Dongmu Co., Ltd., Guanghong Technology, Shunluo Electronics, and Electric Connect Technology.

Related concept stocks:

Shunyu Optical Technology (02382): As the main supplier of camera modules for Huawei, Shunyu Optics has ranked in the top two for many years in terms of market share in shipments. The company is expected to continue to benefit from innovative upgrades in mobile phone optics and the accelerated penetration of automotive ADAS systems. The long-term growth logic of multi-camera/3D/in-vehicle is obvious. In late August, Bank of America Securities released a research report stating that it raised the target price of Shunyu Optical Technology (02382) from HK$70 to HK$75, confirming the “buy” rating, pointing out that its performance in the first half of the year showed that all businesses recorded basic improvements. Driven by product portfolio adjustments, the average product sales price and gross profit increased, and the company also became more confident in the development of the AR field. The bank said it raised Sunyu Optics' profit forecast for 2024 to 2026 by 6% to 9%, corresponding to the management raising its operating guidelines for the whole year. At the same time, it expects the project from Apple to progress better than expected, which will support the business next year and 2026.

Qiutai Technology (01478): Qiutai Technology is a local camera module manufacturer in China, focusing on the high-end camera module market for Chinese brand smartphone and tablet manufacturers. Qiutai Technology is not only one of the few manufacturers in China that uses COB and COF assembly technology in camera module manufacturing, but is also one of the few manufacturers in China that are proficient in various processes and can produce fingerprint recognition modules on a large scale.

Chinasoft International (00354): Northeast Securities previously indicated that Chinasoft International is expected to benefit from the development of the Hongmeng ecosystem and enter a period of rapid expansion. Shen Wan Hongyuan pointed out that as the first IT service provider to sign the Harmony OS meta-service with Huawei, China Software International provides users with end-to-end solutions for the full life cycle of Harmony OS native applications, meta-services, and tripartite SDKs to help enterprises embrace Hongmeng quickly, efficiently, and at low cost. At present, it has signed contracts with dozens of customers in various industries such as hotels, cultural tourism, government affairs, finance, medical care, etc., and launched more than 10 native Hongmeng applications and meta-services.

BOE Precision Electronics (00710): Previously, the Huawei P20 Pro and Huawei P30 series phones used BOE screens.