Hong Kong stocks changed| Xinli International rose 10% Domestic flexible OLED will accelerate its surge to the world next year

Financial Associated Press (Shanghai, editor Hu Jiarong) news, with a number of well-known mobile phone manufacturers announced the launch of their folding screen mobile phones, the market is expected to fold screen mobile phones will become the future trend, as one of the largest domestic manufacturers of OLED mobile phone screen Xinli International (00732.HK) or therefore benefited a lot, Wednesday Xinli International appeared a sharp rise.

Chen Jun, deputy general manager and chief analyst of Qunzhi Consulting, also expects that the proportion of domestic flexible OLED mobile phone screen shipments in the global market will increase from 27%-28% this year to 37%-38% in 2022.

Xinli International's highest intraday gain on Wednesday was 12.55%, and as of press time, the company was up 9.8% at HK$2.8.

Xinli International is the largest manufacturer of smart phone components in China and one of the world's top automotive display suppliers. The company's products have been widely used in smartphones, tablets, automobiles and other fields, and maintain cooperative relations with Samsung, Huawei, vivo, oppo, Audi, Porsche and other companies.

Xinli International recently acquired about 16.77% of the shares of Xinli Huizhou in order to expand OLED production capacity. According to the relevant announcement, Xinli Huizhou is mainly engaged in the development and production of active matrix organic light-emitting diode display (AMOLED) products, in addition, they have also received high attention from the Guangdong Provincial Government and the Huizhou Municipal Government, and have also been given industrial subsidy support.

For the recent release of a number of folding mobile phones, such as Huawei P50 pocket, Xiaomi Mi 12. Chen Jun predicts that next year, a large number of domestic flexible OLED mobile phone screens will flock to the market, which is expected to reduce the price of folding mobile phones to 5,000-6,000 yuan.

In fact, OLED compared with LED screens, from a technical point of view, OLED has the characteristics of thinner and lighter, low energy consumption, high brightness, and good luminous rate. According to the data previously released by HIS, the global OLED display panel shipments have exceeded 700 million pieces in 2019, and it is expected that the global OLED display panel shipments will exceed 900 million pieces in 2022.