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In today's morning session, A-shares fluctuated slightly, with more stocks rising than falling, small-cap growth stocks slightly strong, the ChiNext Index, CSI 500 and CSI 1000 slightly in the green, blue-chip stocks slightly corrected, and the SSE 50 and CSI 300 fell slightly.

On the market, solid-state batteries, folding screens, food concepts, prefabricated buildings and other sectors led the gains, while transportation equipment, public transportation, electricity, and brewing sectors led the losses.

Solid-state batteries continue to be popular

In the morning, lithium battery concepts strengthened across the board, with the super track - solid-state batteries leading the way. The sector index opened higher and closed higher, with an intraday increase of more than 4% at one point, and half-day trading volume was close to the full-day trading volume of the previous trading day.

Individual stocks triggered a surge in daily limit prices. Liwang shares once hit the 30% daily limit, Tianli Lithium Energy and Penghui Energy also hit the 20% daily limit, and more than 10 stocks including Lushan New Materials and Oriental Zirconium Industry hit the daily limit or rose by more than 10%.

Sub-sectors of the lithium battery industry chain, such as sodium batteries, cobalt metals, lithium mines, and power battery recycling, also followed the surge, with Chuanyi Technology, Kaisheng Technology, and Fengyuan Shares hitting their daily limit in batches.

Since the beginning of this year, solid-state batteries have continued to be hot, bucking the low cycle of the lithium battery industry. According to GGII, solid-state batteries (semi-solid state) are expected to be installed on a large scale in 2024, and the annual installed capacity is expected to exceed 5GWh.

Recently, many listed companies announced their progress in solid-state battery projects.

Penghui Energy's official WeChat account recently announced that the 2024 Penghui Energy Product Technology Conference will be held on August 28. The relevant promotional poster reads "A real breakthrough in solid-state batteries", and the title of the article is "Major breakthrough in all-solid-state batteries" and "Physical debut".

As soon as the news came out, Penghui Energy immediately hit the 20cm daily limit for two consecutive times, and hit the daily limit again today. It has hit the limit three times in four trading days, with the highest total increase of 65%.

Previously, Penghui Energy has repeatedly stated on the investor interaction platform that the company has its own research and development roadmap for semi-solid-state batteries and solid-state batteries. The current products are in the sample testing stage. The downstream application areas are mainly digital products, and subsequent iterations and upgrades will continue.

Ganfeng Lithium also stated on the interactive platform that the company is now actively producing and operating in accordance with the production plan, and actively developing new solid-state battery processes. At present, the solid-state batteries produced by Ganfeng Lithium, a subsidiary of the company, have been installed on Dongfeng E70 vehicles in 2022 and delivered in Xinyu City, Jiangxi Province. This is the world's first solid-state battery vehicle demonstration operation project. 50 Dongfeng Fengshen E70s equipped with solid-state batteries will be put into demonstration operation in Jiangxi, Guangzhou, Zhejiang and Jiangsu provinces. At the same time, they are also installed on various engineering vehicles, such as forklifts and mining vehicles.

CATL disclosed that the company continues to increase investment in all-solid-state batteries and is expected to achieve small-scale production in 2027. Xinwanda, Guoxuan High-tech, Del Shares, Mengguli and others have also successively disclosed the progress and expected mass production time of solid-state battery-related products.

CICC pointed out that if solid-state batteries can give full play to and enhance their safety advantages, strive to occupy the advantage of energy density, and further optimize the rate, cycle life and processability, they can consolidate their core potential customers in advantageous scenarios; if there are breakthroughs in performance and cost, then their market space will expand and become a key technical route for lithium batteries. By 2025, the global market for various solid-state batteries may reach 100 billion yuan.

Folding screens are growing at an ultra-fast rate

Consumer electronics stocks collectively rose in the morning, with foldable screen concepts leading the gains, and the sector index surged by more than 3%.

Golden Sun and Jingyan Technology hit their 20% daily limit, Kaisheng Technology, Kesen Technology, and Skyworth Digital all hit their daily limit in just a few minutes, and Changxin Technology, Daoming Optics, etc. also hit their daily limit or rose by more than 10%.

Consumer electronics sub-sectors such as Apple concepts, wireless headphones, AI mobile phones and PCs, and smart wearables also rose strongly, with Chuanyi Technology, Xiangteng New Materials, and Ingenic Technology hitting the daily limit or rising by more than 10%.

The latest data released by CINNO Research shows that China's foldable screen mobile phone market continued to maintain a strong growth momentum in the second quarter of 2024, with sales reaching 2.62 million units, a significant year-on-year increase of 125% and a month-on-month increase of 11%, achieving triple-digit year-on-year growth for four consecutive quarters.

In the first half of 2024, the cumulative sales of foldable screen mobile phones in the Chinese market reached 4.98 million units, a year-on-year increase of 121%, and a penetration rate of 3.6%, an increase of 1.9 percentage points from the penetration rate of 1.7% in the same period last year. The market share in the high-end market above 5,000 yuan reached 13%, while this figure was only 2% in 2020.

Given the ultra-fast growth of the foldable screen mobile phone market, related leading companies are planning to launch larger tri-fold screen mobile phones and even foldable screen laptops.

Recently, Hongmeng Zhixing held a delivery ceremony for the first batch of Enjoy S9 owners in Shanghai. An owner asked Yu Chengdong on the spot "When can I buy Huawei's three-fold screen mobile phone?" Yu Chengdong replied "Next month, by September."

Earlier, Yu Chengdong also broke the news in Dong Yuhui's live broadcast room that the next generation of foldable screens is something that others can think of but cannot make. We have been thinking about it for five years and it is finally coming out.

In addition, Honor CEO Zhao Ming also said, "Honor has completed the technical aspects of the three-fold screen. The subsequent commercialization time node will be determined based on consumer demand. For us, three folds is not a technical issue, but a business choice issue." Xiaomi, Samsung and others have also made efforts in the field of three-fold screen mobile phones and planned their own products.

The latest news shows that Apple has locked in the final size of its first foldable MacBook, choosing an 18.8-inch screen. According to Counterpoint Research, foldable laptops will expand at a compound annual growth rate of 30% over the next five years.

Debon Securities believes that since June, many mainstream smartphone manufacturers have successively updated their foldable screen phones. As user pain points such as battery life, weight, and software adaptation are gradually resolved, foldable screen phones are expected to usher in a rapid growth phase.