Ming-Chi Kuo, an analyst at Tianfeng International Securities, said on a social platform at noon today that the latest industry research shows that in order to improve the durability of the foldable iPhone, improve the screen flatness and achieve the goal of no creases on the screen, Apple will use liquid metal materials for the key component bearings (hinge) and process them through die casting. E-an Technology is the exclusive supplier of liquid metal and the main beneficiary. As of the end of 2024, Yian Technology has shipped more than 10 million central shafts (made of liquid metal), a key component of bearings. It is expected that other Android brand mobile phones will be more actively adopting liquid metal as the main material for bearings in order to compete with the folding iPhone, which will be conducive to the rapid growth of the liquid metal market. It is estimated that the unit price of liquid metal in each foldable iPhone is about RMB 70-100. The first generation of foldable iPhone will contribute about RMB 1.5-2 billion to Yian Technology's revenue, which means that Yian Technology's revenue can grow by 100-200% just with foldable iPhone orders. In the future, as more foldable iPhone competitors adopt liquid metal in large quantities, Yian Technology's growth momentum will be more significant.