Jinconn New Materials won the title of "Guangdong Province Manufacturing Single Champion Product", and the folding screen is promising

On April 15, 2023, Dongguan Jinconn New Materials Co., Ltd. was awarded the "Guangdong Province Manufacturing Single Champion Product" certificate issued by the Guangdong Provincial Department of Industry and Information Technology. The name of its product is the folding screen hinge permanent magnet assembly.

Dongguan Jinconn New Materials Co., Ltd. (838939) is a rare earth magnet manufacturer and application solution service provider integrating R&D, production and sales. It is listed on the New Third Board. It has rich R&D and manufacturing experience in the magnetic materials industry and a complete supply chain system. The factory is located in Xiaohe Industrial Zone, Daojiao Town, Dongguan City, based in the Pearl River Delta.

At present, the company's customers are all over the world. Jinconn New Materials has advanced magnetic energy analysis instruments and experienced technical engineers to quickly help customers better choose magnetic products and overall application solutions, and can also customize various magnetic component products according to customer needs.

This selection focuses on the key links and core technologies of the industrial chain, aiming to focus on creating a group of "single champion" enterprises in the manufacturing industry with international competitiveness and enhance the resilience and security level of the industrial chain supply chain. Guangdong Province's manufacturing industry single champions include Guangdong Province's manufacturing industry single champion demonstration enterprises and Guangdong Province's manufacturing industry single champion products.

Among them, if the company has many product categories and the sales revenue of any product category does not account for more than 70% of the company's main business revenue, it should select and apply for a single champion product, which represents the highest development level and the strongest market strength in the global manufacturing industry segment.

According to the observation of Chaodian Think Tank, the folding screen field where the champion product folding screen hinge permanent magnet component is located is just like the rising sun.

TCL Huaxing CEO Zhao Jun said in a media interview, "The global shipments of folding phones are basically growing at a rate of several times each year. We believe that folding phones are the main innovation and growth point of product innovation and iteration in the current smartphone field."

Last year, the global mobile phone market experienced its darkest moment, with shipments falling 11.3% year-on-year, hitting a new low since 2013. In the first half of this year, the chill has not dissipated, with continued negative growth.

In the declining mobile phone market, folding screens have become a "bright spot", with a growth rate of over 60% last year, in sharp contrast to the negative growth of the industry. Relevant reports show that in the second quarter of this year, the growth rate of shipments in China's folding screen mobile phone market was as high as 173%.

Chaodian Think Tank believes that with the gradual entry of Chinese manufacturers and product iterations, the folding screen mobile phone market will usher in an explosion in 2023. According to relevant data, the scale of China's folding screen mobile phone market reached 50 billion yuan in 2023, an increase of about 20% year-on-year.

At present, the main brands in China's folding screen mobile phone market include Huawei, Samsung, Xiaomi, OPPO, etc. These brands have invested a lot of resources in the research and development and production of folding screen mobile phones, striving to occupy a place in the market. In addition, some emerging brands such as vivo and Honor are also actively deploying the folding screen mobile phone market.

The conditions for Guangdong Province's manufacturing industry champions to meet are:

1. Adhere to professional development. Focus on and cultivate the specific product segments targeted by the enterprise for a long time, and engage in the manufacturing field of related product segments for 5 years or more, and for new products, it should be 3 years or more. The new products referred to in this item refer to products that have been developed and launched by the enterprise in the past 3 years and cannot be included in the "Statistical Product Classification Catalog" of the National Bureau of Statistics.

2. Leading market share in the world. In the relevant product segments, it has a high market position and market share, and the product market share ranks among the top 3 in the country or the top 5 in the world. In principle, product categories are classified according to the 8-digit or 10-digit code of the "Statistical Product Classification Catalog" of the National Bureau of Statistics. Those that are difficult to accurately classify should comply with the generally recognized practices of the industry.

3. Strong continuous innovation capabilities. Attach importance to R&D investment, and the annual R&D expenditure accounts for more than 3% of the main business income in principle; R&D institutions have been established and their functions are well played, and the production technology and process of the enterprise have reached the international advanced and domestic leading level; it has core independent intellectual property rights, has more than two valid invention patents, and leads or participates in the formulation of technical standards in the field of related product segment manufacturing. Priority will be given to high-level talents at or above the provincial level.

4. High quality and efficiency. Excellent product quality, key technical parameters and performance indicators are at the international advanced and domestic leading level; attach importance to the implementation of international operations and brand strategies, and have achieved good results in global market expansion. Excellent operating performance and strong profitability.

5. Main business income of more than 400 million yuan. Selected as a specialized and new "little giant" enterprise by the Ministry of Industry and Information Technology, it is not subject to this restriction.

6. Have a sound financial, intellectual property, technical standards, quality assurance and safety production management system, no bad credit record in the past three years, no environmental violation record, no major safety, environmental protection, and quality accidents, and the enterprise applies for product energy consumption to reach the advanced value of energy consumption limit standards.