股票入门基本知识丨是它，折叠屏第1黑马，华为新锐供货商，60家企业隐匿，规律太硬！
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/DBx4RyztT75cuh8x63XTgt4PGH5AVpRE0cBcXmsGuhq0040JRtFlomjfEgyiayCS6KicpqxgncUZVlibSxtIM39XQ/640?wx_fmt=png&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><strong style="color: blue;">【点击名片关注↓↓↓，免费领牛股选股器】</strong></strong></span></p><span style="color: black;"><span style="color: black;">标签</span><span style="color: black;">：</span></span><span style="color: black;"><span style="color: black;">股票</span><span style="color: black;">入门<span style="color: black;">基本</span>知识</span></span>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">新技术，要来！</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">9月10日，华为和苹果将<span style="color: black;">同期</span>召开新品发布会。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">两大<span style="color: black;">全世界</span>消费电子巨头，选在同一天进行，可见此次新品的重磅程度，<span style="color: black;">亦</span>有望给复苏的消费电子行业带来新的催化和技术路线。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;">其中，备受关注的<span style="color: black;">便是</span>折叠屏技术，华为历经</span></strong><strong style="color: blue;"><span style="color: black;">5年<span style="color: black;">开发</span></span></strong><strong style="color: blue;"><span style="color: black;">的</span></strong><strong style="color: blue;"><span style="color: black;">“三折叠屏手机”，</span></strong><strong style="color: blue;"><span style="color: black;"><span style="color: black;">做为</span>下一代折叠屏技术有望亮相。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">巨头们之<span style="color: black;">因此</span>看重折叠屏，<span style="color: black;">重点</span>是<span style="color: black;">由于</span>折叠屏手机是<span style="color: black;">日前</span>消费电子中增速最快的细分<span style="color: black;">行业</span>，数据<span style="color: black;">表示</span>，2024年第二季度<span style="color: black;">全世界</span>折叠屏智能手机出货量同比增长48%，到2027年<span style="color: black;">全世界</span>折叠屏手机出货量有望超过1亿台。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzBLsWOQYP8QeAkkQyIFJVtLLaN6icNBTkHBPx1KAOHn0iapMMldIrbzKA/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">我国折叠屏手机增速更迅猛，2023年我国折叠屏手机市场出货量约700万台，同比增长115%，<span style="color: black;">已然</span>连续4年增速保持在100%，这种高成长的特性在以前所有赛道中都是极其罕见的。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">而从市场份额来看，竞争格局越来越清晰，<span style="color: black;">全世界</span>市场中，2023年三星以66%的市场份额稳居<span style="color: black;">全世界</span>出货量<span style="color: black;">第1</span>，其次是华为市占率12%。从国内看，华为以37%的市场份额稳居<span style="color: black;">第1</span>的位置，其次是OPPO、荣耀、三星、vivo和小米。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzux0FHZH1vSGlb6He7qpzRYZZYfr5ytquFrWnum8btMRiaYOS2OsfOOA/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;">新技术的加速渗透，供应链依赖是<span style="color: black;">机构</span>快速成长的关键手段。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">例如</span><span style="color: black;">初期</span>的歌尔股份、立讯<span style="color: black;">精细</span>、欧菲光打入苹果供应链实现了订单的快速释放；<span style="color: black;">例如</span>拓普集团、三花智控、银轮股份进入特斯拉供应链，实现了业绩和估值的戴维斯双击；<span style="color: black;">例如</span>近期的AI，中际旭创、新易盛等进入英伟达供应链，实现了业绩的爆发式增长。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">所以，<span style="color: black;">做为</span><span style="color: black;">日前</span>成长速度最快的折叠屏<span style="color: black;">行业</span>，进入三星、华为等核心巨头供应链的<span style="color: black;">机构</span>，成长的预期<span style="color: black;">亦</span>就更强。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;"><span style="color: black;">那样</span>，折叠屏手机最大焦点在哪？</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">从折叠屏手机产业链来看，核心部件就在于可折叠的屏幕，<span style="color: black;">日前</span>UTG超薄柔性电子玻璃<span style="color: black;">因为</span>具备超薄、高硬度、耐剐蹭、<span style="color: black;">无</span>折痕等<span style="color: black;">优良</span>，<span style="color: black;">已然</span><span style="color: black;">作为</span><span style="color: black;">日前</span>折叠屏手机主流屏幕，渗透率从2020年的13%攀升到了2023年的70%，增速非常快。并且还能应用于折叠笔记本、车载<span style="color: black;">制品</span>等<span style="color: black;">行业</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzfvQkmsdqKvQ9bAzbVPXpGtqMDaVDsAd9LNPNfYWValSZ9qNoa9sWVQ/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">而UTG产业链，又分为原片、减薄加工、<span style="color: black;">表示</span>模组和手机应用四个环节，应用端<span style="color: black;">重点</span>是华为等手机整机厂商，<span style="color: black;">表示</span><span style="color: black;">重点</span>是三星、京东方、华星光电在做，地位很<span style="color: black;">稳妥</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">这其中，原片、减薄加工市场份额<span style="color: black;">重点</span>被康宁、肖特、NEG等海外巨头占据，但凯盛科技、长信科技等<span style="color: black;">已然</span>具备了极强的国产替代<span style="color: black;">优良</span>，凯盛科技更为<span style="color: black;">显著</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;"><span style="color: black;">那样</span>，凯盛科技<span style="color: black;">优良</span>在哪？</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;"><span style="color: black;">第1</span>，<span style="color: black;">制品</span>技术<span style="color: black;">优良</span>。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">凯盛科技业务不<span style="color: black;">繁杂</span>，<span style="color: black;">机构</span>核心营收<span style="color: black;">源自</span>就两块，一个是<span style="color: black;">表示</span>材料业务，一个是应用材料业务。2020年<span style="color: black;">败兴</span><span style="color: black;">机构</span>的<span style="color: black;">表示</span>材料营收占比在70%<span style="color: black;">周边</span>，是核心利润<span style="color: black;">源自</span>，可见<span style="color: black;">机构</span>非常专注。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGz7HQhWjZY7zj9sVwhbxQGl2tiarQ53I5okWsia7dhFT6bYia3mpVzPvdeg/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">而<span style="color: black;">表示</span>材料业务，<span style="color: black;">重点</span><span style="color: black;">包含</span>超薄电子玻璃UTG、ITO导电膜玻璃、柔性触控等，其中UTG是<span style="color: black;">日前</span><span style="color: black;">机构</span>核心主打<span style="color: black;">制品</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">日前</span>，凯盛科技自主<span style="color: black;">开发</span>30微米高强度柔性玻璃UTG，是国内<span style="color: black;">独一</span>覆盖“高强玻璃—极薄薄化—高精度后加工”的国产超薄柔性玻璃全产业链企业，厚度仅为A4纸的四分之一，弯折寿命突破100万次，稀缺<span style="color: black;">优良</span>极其<span style="color: black;">显著</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">近期，<span style="color: black;">机构</span>推出了“国风柔性车载卷轴屏”，是<span style="color: black;">全世界</span>首款车载滑移卷曲AMOLED<span style="color: black;">表示</span>屏，滑移卷曲超20万次，<span style="color: black;">已然</span>在汽车上搭载。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">凯盛科技凭借着强悍的技术<span style="color: black;">优良</span>，<span style="color: black;">已然</span>进入三星、联想、华为手机核心供应链。</span></p><span style="color: black;">数据<span style="color: black;">表示</span>，到2027年<span style="color: black;">全世界</span>折叠机出货量有望超过1亿台，年复合增速超过50%，是典型的高成长赛道，而我国UTG市场规模到2027年有望突破100亿元。凯盛科技<span style="color: black;">做为</span>国产UTG核心稀缺<span style="color: black;">机构</span>，收益<span style="color: black;">显著</span>。</span>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;">第二，业务结构<span style="color: black;">优良</span>。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">从营收结构来看，凯盛科技2023年境内和境外营收占比基本在50%<span style="color: black;">周边</span>，并且近几年<span style="color: black;">亦</span>比较稳定，这一方面<span style="color: black;">表现</span>了<span style="color: black;">机构</span>内<span style="color: black;">外边</span>客户的稳定性，另一方面<span style="color: black;">亦</span><span style="color: black;">表现</span>了<span style="color: black;">机构</span>较强的抗<span style="color: black;">危害</span>能力。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">而同行的竞争对手长信科技，营收大头还是在国内，相较而言<span style="color: black;">无</span>凯盛科技预期好。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzfz04GlYvst25fNvWGT3kR1WzzsdI9yq9tAz6AEX7Xb3pCAKY2LGmDA/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;">第三，盈利<span style="color: black;">优良</span>。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">凯盛科技业绩从2020年<span style="color: black;">败兴</span>就<span style="color: black;">显现</span>了<span style="color: black;">连续</span>下滑的状态，这<span style="color: black;">重点</span>是受到了消费电子周期的影响，<span style="color: black;">然则</span><span style="color: black;">机构</span>的业绩，远远<span style="color: black;">无</span>兆易创新、韦尔股份、汇顶科技等消费电子龙头波动大，这<span style="color: black;">亦</span>从侧面<span style="color: black;">表现</span>了盈利的稳定性。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzbEIVMDTxxWPq1Qn3MB5JdHV4UlMiclO7H8xicLSCN37ypzYHfrxAFG9A/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">并且，从盈利指标看，2024年上半年，<span style="color: black;">机构</span>的毛利率<span style="color: black;">显现</span>了<span style="color: black;">显著</span>的修复，从2023年的13.25%<span style="color: black;">提高</span>到了15.78%，这<span style="color: black;">亦</span><span style="color: black;">表现</span>了<span style="color: black;">机构</span>盈利能力在回升，并且这个毛利率<span style="color: black;">亦</span>高于竞争对手长信科技。随着消费电子的<span style="color: black;">连续</span>回暖，毛利率还有望进一步<span style="color: black;">提高</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzvKEUzibudIDkCQ8RLKfp3OzY5icqdEhqgozdXZqorbQP1gEpPClwyDpw/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">另一</span>，<span style="color: black;">机构</span>业绩差强人意的一个<span style="color: black;">原由</span>，<span style="color: black;">便是</span>UTG<span style="color: black;">日前</span>正<span style="color: black;">处在</span>导入期，还<span style="color: black;">无</span>实现大规模放量，规模化效益<span style="color: black;">无</span>凸显。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;">第四，产能优势。</span></strong></span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">UTG原片厚度<span style="color: black;">通常</span>为30-7微米，比头发丝更薄，并且具备极高的良率<span style="color: black;">需求</span>高，投建周期长，<span style="color: black;">通常</span>为12-20个月，这<span style="color: black;">引起</span>UTG具备很强的壁垒。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">日前</span>，凯盛科技UTG一期产能达到了20万片/月，<span style="color: black;">机构</span>斥资10投建的二期1500万片/年产能已进入调试<span style="color: black;">周期</span>。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzJLwlBicFc8vkbziaIpLPic7OkqLjotOUHgbfMOFnmE7yrtILKb7D5KeIg/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">随着新产能的大规模释放，一方面能实现规模化效益降低成本，一方面能快速满足用户<span style="color: black;">需要</span>，实现订单和业绩的快速增长。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">因此</span>，单单<span style="color: black;">表示</span>材料业务这<span style="color: black;">一起</span>，凯盛科技凭借着极强的<span style="color: black;">制品</span><span style="color: black;">优良</span>和客户<span style="color: black;">优良</span>，就能充分享受行业成长的红利，带来极强业绩弹性预期。<span style="color: black;">截止</span>2024年二季度，有超过60家<span style="color: black;">公司</span><span style="color: black;">隐藏</span>其中。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;">除此之外，在应用材料业务<span style="color: black;">行业</span>，凯盛科技<span style="color: black;">亦</span>有较强成长动力。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><span style="color: black;">机构</span>的新材料业务围绕锆、硅、钛三种元素，其中纳米复合氧化锆可用于固态电池电解质，而<span style="color: black;">日前</span>正是固态电池技术落地和加速渗透的<span style="color: black;">周期</span>，这<span style="color: black;">一起</span><span style="color: black;">亦</span>具备高成长属性。从近几年<span style="color: black;">机构</span>新材料业务营收快速<span style="color: black;">提高</span>中就能看出来。</span></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/sz_mmbiz_png/ibuagpVmdGGlJDcicMJ4CO7qtPSgRGpLGzeYcBHXUXw9Zk8SfIiaFtvTLVISiaoDBXCrlKeGrUUibsicia8xgjLjaO84A/640?wx_fmt=other&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><span style="color: black;"><strong style="color: blue;"><span style="color: black;"><span style="color: black;">因此</span>，凯盛科技<span style="color: black;">做为</span>细分<span style="color: black;">行业</span>的小龙头，不论是在<span style="color: black;">日前</span>大热的折叠屏<span style="color: black;">行业</span>，还是在固态电池<span style="color: black;">行业</span>，都有极强的<span style="color: black;">制品</span>和技术<span style="color: black;">优良</span>，能充分享受两个高成长赛道的红利。</span></strong></span></p><span style="color: black;"><strong style="color: blue;">【点击名片关注↓↓↓，免费领牛股选股器】</strong></span>
<p style="font-size: 16px; color: black; line-height: 40px; text-align: left; margin-bottom: 15px;"><img src="https://mmbiz.qpic.cn/mmbiz_png/DBx4RyztT758ib4EU0l7XRwnRoPhBOzUx247C9wPmItSicv626icYDVJFzc8hYF8e2xiahzIVfMuWU41aia3Qnr1ictg/640?wx_fmt=png&from=appmsg&wxfrom=5&wx_lazy=1&wx_co=1&tp=webp" style="width: 50%; margin-bottom: 20px;"></p>
“NB”（牛×的缩写，表示叹为观止） 楼主的文章深得我心，表示由衷的感谢！
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