Guojin Securities: It is expected that the sales volume of folding screen mobile phones will exceed 50 million units in 2025

Guojin Securities pointed out that 2021 is the first year of folding screen mobile phones, with sales of 7.5 million units, the main players are Samsung, Huawei, considering the global shipment of more than 1,000 US dollars in 2020 to reach 70 million units, corresponding to the penetration rate of folding screen mobile phones in high-priced mobile phones in 2021 reached 10%. With more players entering the game, it is expected that the user experience of folding screen mobile phones will continue to improve & the price will continue to sink, and it is expected that sales will exceed 50 million units in 2025. The increase in folding screen mobile phones is mainly reflected in the field of flexible screen & UTG glass and hinge. It is estimated that in 2025, the incremental market brought by folding screen mobile phones to UTT glass and MIM parts will reach 7.5 billion yuan or 1.5 billion yuan. At present, UTT glass is mainly supplied by foreign capital, and it is expected that the localization rate is expected to increase in the future. (Securities Times)