Movement Alert|Lingyi iTech Rises 3.41% in Regular Trading, Apple Foldable iPhone Mass Production on Track Boosting Supply Chain Confidence

Market Focus07-10 09:52

On July 10, Lingyi iTech rose 3.41% intraday, trading at HK$8.21 per share, with turnover of HK$41.50 million.

On the news front, Apple's first foldable iPhone mass production continues to progress on schedule, with multiple supply chain sources confirming no delay risks. The production target has been significantly raised from the initial 7-8 million units to approximately 10 million units, with large-scale mass production expected to commence before year-end.

Lingyi iTech serves as Apple's exclusive supplier of carbon fiber inner support plates, ultra-thin vapor chamber heat spreaders, and anti-collapse brackets for the foldable device. The per-unit component value is substantially higher than conventional flat-panel models, positioning the company as a direct beneficiary of the production ramp-up. The H shares, listed on June 26 at an offer price of HK$10.18, have been under pressure since debut, but the foldable production catalyst combined with sector recovery has driven short-term sentiment improvement.

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