B[Hong Kong’s Hang Seng Technology Index closed up 3.06%, with mainland property stocks leading the gains] On October 9, Hong Kong’s Hang Seng Technology Index closed up 1.79%, and the Hang Seng Technology Index rose 3.06%. Chinese real estate stocks led the gains, with Shimao Group rising by more than 41%, Sino-Ocean Group rising by more than 22%, and Agile Group rising by more than 15%; star technology and Internet stocks generally rose, with Xiaomi Group rising by more than 9%, Tencent Holdings and Meituan rising by more than 3%; the gold sector rose, Zijin Gold International rose by more than 7%, Zhaojin Mining, Chifeng Gold, and Shandong Gold all rose by more than 6%. Optical communications and PCB concept stocks fell, Guanghe Technology fell by more than 10%, Shenghong Technology fell by more than 6%, and Cambridge Technology fell by more than 5%. B[A new round of price increases for domestic mobile phones, some models have increased by as much as 1,000 yuan] News on October 9, reporters learned from Huawei offline stores on October 9 that starting from 0:00 on October 9, 2026, Huawei will make price adjustments for the nova16 series: the recommended retail price (RRP) of nova16 and nova16 Pro will be increased by 400 yuan, nova16 SE will be increased by 200 yuan, and the channel delivery price (STP) will be increased simultaneously. On the same day, the price of the entire Mi 17 Ultra series also increased by 1,000 yuan: the starting price of the standard version increased from 6,999 yuan to 7,999 yuan, and the starting price of the higher-positioned Leica version increased from 7,999 yuan to 8,999 yuan. The pricing of the versions currently on sale on Xiaomi’s official website has been adjusted. (Interface News) B[Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%] On September 23, Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%. Large model concept stocks fell, Zhipu fell by more than 12%, and MINIMAX-W fell by nearly 4%; large technology and Internet stocks generally fell, with Alibaba falling by more than 4%, Xiaomi Group falling by more than 3%, and Tencent Holdings falling by more than 2%. PCB concept stocks strengthened, with Kingboard Laminated Board rising by over 11%, Kingboard Group rising by over 5%, and Shenghong Technology rising by over 3%; Chinese real estate stocks rose, with Ronshine China rising by over 22%, and Vanke rising by 4%. B[Lei Jun clarifies that "Lei Jun made more than 10 billion by beating Xinyushu": Shunwei's investment is not a new investment, so that young people with ideas can get the first investment] On September 22, Xiaomi founder, chairman and CEO Lei Jun said in a live broadcast on the social platform that the so-called "Lei Jun made more than 10 billion by beating Xinyushu" was not invested by him, but by Shunwei. It’s not about creating something new, but about supporting early-stage entrepreneurs to start their own businesses. Lei Jun mentioned that he met Wang Xingxing, the founder of Yushu Technology, more than ten years ago, and Shunwei was the only investor in Yushu Technology's Series A round. Of course, Shunwei's shareholders also made money. Lei Jun said that in order to build an ecological and industrial chain with Xiaomi, including supporting young people to start their own businesses, several investment institutions have been promoting the innovation of the entire hard-core technology. "The main reason is that when I started my own business, it was difficult to find money. So 20 years ago, I started tinkering in China to develop angel investments so that young people with ideas can get their first investment and make their dreams come true. So based on this idea, we began to support these early entrepreneurs." B[Intensive new folding screen mobile phones are driving market demand for flexible circuit boards] September 22, as Huawei, Apple, Xiaomi and other leading mobile phone brands intensively launch new folding screen products, flexible circuit boards, as the core component of folding screens, are entering a golden development period with both volume and price rising. Listed companies in the industrial chain are accelerating technology iteration and production capacity layout to seize high-end flexible circuit board market share. Yang Changlong, senior investment consultant of Shaanxi Jufeng Investment Information Co., Ltd., said in an interview with reporters: "Unlike the straight model, the folding screen model puts forward higher requirements for the usage, circuit accuracy, and material grade of the flexible circuit board, which directly promotes the increase in the value space of the flexible circuit board." (Securities Daily) B[Lei Jun: Xiaomi cars have accumulated more than 40 million kilometers of road testing] On September 16, at the 24th Asian Quality Network Organization Conference, Xiaomi founder, chairman and CEO Lei Jun delivered a keynote speech and systematically disclosed Xiaomi's quality management system for the first time. Lei Jun introduced that as of August 31, Xiaomi has invested a total of 2,696 test vehicles, with a road test mileage of more than 40 million kilometers, covering extreme environments such as high cold, high temperature, and plateaus, and will continue to conduct general testing after launch. A[One picture to understand: the three giants compete on the same stage! Folding screens are gaining popularity again, sorting out related industry chain targets] September 9th, September 7th, Huawei and Xiaomi’s new folding screen products were unveiled on the same day. Less than 72 hours later, Apple’s first folding screen iPhone will also be officially launched in the early morning of September 10th. The three giants rarely compete on the same stage, pushing the popularity of the folding screen track to a climax. At present, the folding screen market is growing rapidly, and there is a trend of giants competing for hegemony. From the perspective of cost characteristics, the core cost increase of folding screen mobile phones is mainly concentrated in the three major areas of display modules, mechanical/electromechanical components, and memory. Among them, the hinge is the link with the highest technical barriers in the folding screen industry chain. In this issue, I will take you through a picture and systematically sort out the core targets in the industry chain related to folding screen mobile phones.
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