[Brokerage Focus] Goldman Sachs: China's smart phone market welcomes the innovation wave of foldable phones, new forms and component upgrades become growth drivers.

Goldman Sachs' latest research report titled "China's Smart Phones: Surge in Foldable Phone Patents, New Forms and Component Upgrades Lead Growth" points out that the institution has reviewed the patents for foldable phones and the pipeline for new models, holding an optimistic view on the future market penetration of foldable phones. The report emphasizes a significant increase in the number of patents submitted in 2024, reflecting the following trends: 1) The development of new forms, shifting from clamshell and horizontal foldable phones to three-fold and four-fold phones, which is expected to enhance the value of the supply chain; 2) Component upgrades: more durable panels and newly designed hinges, especially for three-fold phones.

Jinwu Financial News03:25 ET

Minsheng Securities: AI empowerment accelerates the rise of smart terminals, and multiple new AI glasses are worth looking forward to.

AI empowerment accelerates the rise of smart terminals, drawing a parallel to the evolution of the smartphone industry, and is bullish on the future of a dual-channel market structure.

Zhitong Finance01:00 ET

Xiaomi Group's senior management has changed again! The general manager of new retail, Ma Ji, has resigned.

① Ma Ji has been removed from the senior page of the Xiaomi Group official website; ② Xiaomi Group has undergone three senior management changes this year.

cls.cnDec 3 06:53 ET

Major bank rating | ubs group: raised target price for Xiaomi to HKD 33.5. In the third quarter, core business profit and electric vehicle business gross margin both exceeded expectations.

UBS Group's report pointed out that Xiaomi's performance in the third quarter hit a record high, with profits from core businesses (smart phones, internet of things and lifestyle consumer products, as well as internet services) and the gross margin of its electric vehicle business exceeding the bank's and market expectations. The bank believes that Xiaomi's strong execution in high-end global strategy will drive stable growth in its core profits and unleash the upside potential of its smart electric vehicle business. The bank reiterates a "buy" rating on Xiaomi, raising the target price from HK$20 to HK$33.5, and expects the average annual compound growth rate of Xiaomi's smart phone sales from 2025 to 2027 to stabilize at 5.2%, compared to 2024.

Gelonghui FinanceDec 2 21:45 ET

Chinese Automakers BYD, Leapmotor and Xiaomi Smash Annual Delivery Targets Ahead of Schedule

CNBCDec 2 03:16 ET

Building Apple Products Has Become a Side Hustle for China's Biggest EV Maker

WSJDec 2 02:43 ET