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It will be helpful if we clarify which part of the “heat sink/transfer system” you are referring to.
Heat Sink
or
Thermal Interface Material (TIM)
mwM = milli wave Modem
I had detail write up on this
IHOP stored away everything
Little search will help justify your investment (or not)
Job and LQMT Sitting in a tree
K-I-S-S-I-N-G!
First comes SIM Tray
Then comes marriage
Then comes 5G
In a 5G carriage!
AIP = BMG + PAA + mwM
Magic will happen in here
https://www.macrumors.com/2020/02/14/apple-5g-iphone-antenna-module-custom/
There are many reasons Apple to go back to future with “square edge”
Draft angle is one of the reason
Please educate us with your NEW findings
See maze
Incorrect
No they are a start up (like YiHao) attached to a MIM giant in China
YiHao is never intended to be the main CM for high volume Whales.
Maze will tell you that there is another "equipment" company that will crank out "machines" to the Whale CM.
This is annual "arms length disclosure" per china regulation requirement.
With LQMT mfr shutdown, YiHao is "officially" acting CM for LQMT for both "low and high volume" domestic business. Unfortunately, I am not aware of any "high volume" domestic business yet.
I have plenty of ink in this already.
Bistable strip for this application requires ultra tight spec and last forever is a ME ONLY application for BMG.
Imagine your rolling tape measure that can last forever and never jam.
It is always business issue with LQMT.
When price/performance reached ME TOO status and yet not a single byte.
PH will tell you there is NO Business to be ME TOO.
TW create “lose lose” environment
Nov will decide
ME ONLY technology that can establish an ECO system to satisfy Multi sourcing Whale Requirement
Learn something new every day
It means non mainland citizen can trade Eontec stock
Eontec Q&A
Question:
Has the company entered Shenzhen-Hong Kong Stock Connect?
Answer:
Hello! Thank you for your interest in the company.
The company's stock was incorporated into Shenzhen-Hong Kong Stock Connect on June 15th.
thank you!
https://www.fixglobal.com/home/shenzhen-hong-kong-stock-connect-gives-global-investors-access-to-chinas-new-economy-stocks/
Apple LQMT Q&A
Question:
Apple has cooperated with USA LiquidMetal Company in the past, and the folding screen mobile phone it is developing will also use hinges. This is your strong point.
Does your company consider participating in Apple's supply chain system?
Thank you!
Answer:
Hello! Thank you for your interest in the company.
The company will actively create favorable conditions with more superior customers to carry out more domain partnership.
Thank you!
As investors, we would be wise to "accept and wish" for EVERYTHING can come our way.
To make more money Directly or indirectly
This circles back the very simple question.
Why did Li need to invest in LQMT?
Apple MTA is all about "technology exclusivity". It is about competition lock down rather than vendor squeeze.
Without simple exercising of TTA extension back in 2016 might mean one of two things.
1. Apple gave up on the technology
2. Apple welcome Eontec/LQMT partnership
Apple did wound up using Stainless Steel for iPhone X mid frame.
Qualcomm Apple settlements (due to QualWei involvement) will be a good case reference for future things to come.
If Intel did not fail, outcome of that lawsuit will be different.
"5G" forced Apple's mighty lawyer's hand. "Foldable" might do the same.
LiquidMetal Brand name lawsuit settlement can be a good projection of things to come. Proactive is always better than Reactive.
For starter, Huawei has already adopted "Zirconium Based Liquid Metal". Huawei has research this for years and come to this "technological" conclusion.
They chose to not use LiquidMetal brand name due to "Apple ownership of such brand in China". Never mind Chinese language cannot differentiate LiquidMetal from Liquid Metal.
Next move, Apple/Samsung. It is rather clear both companies have sent RFQ to multiple vendors (including Eontec).
Note choice of material should not be limited to BMG only.
Rather it has to be any "finish" material that can meet the requirement spec.
Note not all "COLA" are created equal.
Let the best technology win. This is how everything should be.
2020 Liquid Metal Industry Research Report
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fxincailiao.com%2Fnews%2Fnews_detail.aspx%3Fid%3D556173
WHALE(S) WATCH HEATING UP
https://www.counterpointresearch.com/global-smartphone-share/
Eontec Q&A
Question:
Hello, Exec Admin. In addition to Huawei, does the company's hinge cooperate with other companies? The company's liquid metal is used in Tesla's door locks. Do other car companies besides Tesla have similar application plans? In addition, what other applications of the company's liquid metal can be applied to automobiles?
Thank you
Answer:
Hello! Thank you for your interest in the company. The company is collaborating on hinges with many of the world's leading consumer electronics customers. In addition to Tesla, the components on the car are also jointly developed with many other car companies, and there are currently no mass production projects. Investors are advised to pay attention to risks and invest rationally.
Thank you!
Eontec got CE certification for Magnesium Bone Screw
Biodegradable Screw will be perfect complementary technology for RTEMD (Real Time Embedded Medical Devices) of which BMG wanted to be ME TOO offering to Stainless Steel / Titanium.
With ME ONLY complementary Biodegradable Screw, it will allow the creation of ME ONLY (one time surgical) Embedded Orthopedic Medical System.
https://aabme.asme.org/posts/innovations-in-orthopedic-devices-and-procedure-improvement-solutions-to-transform-the-industry
Smart implants have embedded sensors that provide real-time information to surgeons for positioning and post-operative evaluation for better patient care throughout the treatment pathway. These implants have the potential to reduce peri-prosthetic infection, which is a growing problem in orthopedic practice. Sensor-enabled technologies have given health care providers a choice of unique, cost-effective products.
https://pdf.dfcfw.com/pdf/H2_AN202005181379889780_1.pdf
Stock code: 300328
Stock abbreviation: Eonted
Announcement No .: 2020-041
Eontec, Ltd.
Announcement that the company's degradable magnesium bone internal fixation screw has obtained CE certification
All members of the company and the board of directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Eontec, Ltd. (hereinafter referred to as "Eontec" or "Company") has recently received the CE certification of the company's degradable magnesium internal fixation screw issued by the international authoritative EU certification announcement body UDEM The announcement is as follows:
1. CE certification
Certificate number
M.2020.106.13504
field M.2020.106.13504-1
Certificate type
Full Quality Assurance System Certificate
EC Design-Examination
Product name
Degradable magnesium internal fixation screw
Application field
Bone flap fixation in the field of orthopedics
2. Impact on the company and risk warning
Globally, the company obtained the first approval certificate for this indication product. The company's degradable magnesium bone internal fixation screw obtained CE certification certificate shows that the product meets the relevant requirements of the European Union, and already has the access conditions for the EU market. Development has a positive impact.
Due to the high-tech, high-risk and high-value-added features of medical device products, the actual sales of the above products after production may be affected by factors such as future market promotion effects and changes in market environment. Investors are invited to pay attention and pay attention to investment risks for the impact of performance.
Special announcement.
Eontec, Ltd.
Board of Directors
May 18, 2020
correct
Eontec Q&A
Does the company have any plans for market development this year? Can you talk about it in detail?
2019-05-22 16:44:29
Chief Financial Officer Li Wenping
Hello! Thank you for your attention to the company.
New energy vehicle products, liquid metal products and biodegradable medical magnesium bone nails are the company's three major development priorities. The company will continue to cultivate the market in new energy vehicle products and liquid metal products and continue to expand on the basis of serving existing customers New customers, launch new products that meet market demand. Promote the company's clinical application of biodegradable medical magnesium bone nails, strive to obtain clinical approval as soon as possible, and enter the clinical stage. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:23:35
It is said that 5G mobile phones are no longer suitable for metal covers. Does this have any impact on the company
2019-05-22 16:37:55
Chief Financial Officer Li Wenping
Hello! Thank you for your interest in the company.
The company's mass-produced mobile phone products mainly include FACE ID brackets, camera modules, and middle frames. The rapid development of 5G mobile phones will help the company's liquid metal product market expand. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:12:01
The state-owned asset investment holding group of Zhuzhou City keeps increasing its holdings. Is it possible for the subsequent company's controlling rights to be changed?
2019-05-22 16:13:43
Secretary of the Board of Directors Zhang Chunlian
Hello, thank you for your interest in the company.
In November 2018, Zhuzhou SDIC transferred 45 million shares held by Yi'an Industrial to complete the transfer registration process. Zhuzhou SDIC held 95 million shares of the company, accounting for 20.64% of the company's total share capital. According to the "Vote Right Entrustment Agreement" signed by Zhuzhou SDIC and Yi'an Industrial, Yi'an Industrial will assign its corresponding shareholders' rights related to the voting rights, proposals, etc. of 33.75 million shares of the company (accounting for 7.33% of the company's total share capital) The entrustment to Zhuzhou SDIC has been effective. In view of the above situation, Zhuzhou SDIC has a total of 127.75 million shares in the company with voting rights, accounting for 27.97% of the company's total share capital. The actual controller was changed from Mr. Li Yangde to the sole shareholder of Zhuzhou State Investment Zhuzhou Municipal People's Government State-owned Assets Supervision and Administration Commission. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:12:14
How many director seats does Zhuzhou State-owned Assets Investment Holding Group currently hold?
2019-05-22 16:09:07
Secretary of the Board Zhang Chunlian
Hello! Thank you for your interest in the company.
Zhuzhou SDIC has a seat on the company's board of directors, and Zhu Guodao has appointed Mr. Li Kui as the director of the company, which has been reviewed and approved by the 27th meeting of the third board of directors and the 2018 annual shareholders' meeting. Thank you!
a123 asked the financial director Li Wenping
2019-05-22 11:14:32
How does the company prevent exchange rate fluctuation risks?
2019-05-22 16:02:01
Chief Financial Officer Li Wenping
Hello! Thank you for your interest in the company.
The company will cultivate and strengthen the awareness of exchange rate risk prevention, keep a close eye on the changing trends of relevant currencies in the international foreign exchange market, train and absorb high-quality foreign exchange risk management personnel, and at the same time form an effective management mechanism to prevent exchange rate risks and control transactions from contract and other sources risk. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:15:47
Does the trade war affect the company?
2019-05-22 15:58:16
Secretary of the Board Zhang Chunlian
Hello!
The import duties of the products exported by the company to the United States are borne by the customers themselves, thank you!
a123 asked the financial director Li Wenping
2019-05-22 11:14:56
The company's export business accounts for a large proportion, which countries and regions are it mainly exported to?
2019-05-22 15:58:06
Chief Financial Officer Li Wenping
Hello! Thank you for your interest in the company.
The company's products are mainly exported to the United States, Japan and Mexico. The tariffs for products exported by the company to the United States are borne by the customer. Thank you!
a123 asked the financial director Li Wenping
2019-05-22 11:19:05
How does the company respond to the price increase of upstream metal raw materials?
2019-05-22 15:52:03
Chief Financial Officer Li Wenping
Hello! Thank you for your interest in the company.
On the one hand, the company and customers have a certain price linkage mechanism, on the other hand, the company continues to make technical improvements. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:17:42
What are the competitive advantages of the company's "liquid metal" technology in the industry?
2019-05-22 15:51:56
Secretary of the Board Zhang Chunlian
Hello!
As an early R & D enterprise of liquid metals in the industry, the company has the world's largest production line for producing zirconium-based amorphous alloys. It has the manufacturing capabilities of material refining, mold manufacturing, precision machining, surface treatment and production of amorphous alloy equipment. The company has achieved industry-leading advantages in the application research and industrial transformation of bulk amorphous alloys. It has core key technologies with independent intellectual property rights in alloy composition, molding technology equipment, etc. It has core advantages in key technologies and process difficulties such as surface treatment. It has successfully developed and produced large-scale bulk amorphous products. Thank you!
a123 asked the board secretary Zhang Chunlian
2019-05-22 11:11:38
What is the current proportion of Zhuzhou State-owned Assets Investment Holding Group?
2019-05-22 15:48:20
Secretary of the Board of Directors Zhang Chunlian
Hello! Thank you for your interest in the company.
Zhuzhou SDIC currently holds 95 million shares of the company, with a shareholding ratio of 20.64%, thank you!
a1232019-05-22 14:53:16
What is the company's main product sales target this year? What is the net profit?
2019-05-22 15:44:24
Chief Financial Officer Li Wenping
Hello! Thank you for your interest in the company.
Regarding the company's financial data for 2019, please pay attention to the company's subsequent annual report. The company's management and all employees will strive to create good performance and give back to investors, thank you!
Unlike LiquidMorphium, 106c is not Eontec's exclusive formula.
There is no OFFICIAL disclosure by Eontec upon what formula will or has been used for (Nondisclosed customer) Hinges.
106c was Derivative Technology created outside the CIP window (of which Apple chose to not extend beyond 02/2016)
Furthermore, Apple chose to abandon the ROFR of such technology by 02/2018.
On Eontec PLA front, 106c fits within section 5.2 (ii) of being “Derivative Technologies” which will be jointly owned by both Eontec and LQMT but shall be included as Licensed Technology Information.
Notwithstanding the foregoing, LiquidMetal Trademark shall be owned exclusively by LQMT
Eontec Q&A
https://pdf.dfcfw.com/pdf/H2_AN202002271375559309_1.pdf
Stock code: 300328
Stock abbreviation: Eontec
Announcement No .: 2020-008
Eontec
Announcement on the reply to the attention letter of Shenzhen Stock Exchange
All members of the company and the board of directors ensure that the information disclosed is true, accurate and completeFalse records, misleading statements or major omissions.
Dongguan Eontec (hereinafter referred to as "Eontec" or "Company") in 2020On February 25, 2015, the "About Eontec" issued by the Shenzhen Stock Exchange GEM Management Department" Letter of Concern for Joint-Stock Co., Ltd." (GEM Concern Letter [2020] No. 132) (hereinafter referred to as "Follow Letter "), the company attaches great importance to this, and has carefully checked the issues mentioned in the concern letter item by item.The relevant questions of the concern letter are as follows:
Question 1
Your company's basis for identifying Tesla as a Tier 1 supplierThe specific situation of the product, including the details of the product provided, the product target, the sales volume and financialAmount, credit policy, accounts receivable and rebate, etc., combined with the order in hand and the signing of the contractThe impact of Tesla's business cooperation on your company's financial status and operating results, and reminds you of related risks.
Company reply:
The company and Tesla started the business cooperation of aluminum alloy CCB bracket parts as early as 2014. With both sidesIn-depth cooperation and recognition of the company's research and development strength, the company began new energy with Tesla in 2015 Cooperating with the accessories business such as car door lock covers, the company directly delivered to Tesla, becoming Tesla's first-class The supplier has continued to this day. In addition to purchasing directly from the company, Tesla has also been designated by Hydro After purchasing parts such as car front beam devices from the company, TKP also purchased parts such as steering systems from the companyIs supplied to Tesla. Tesla's customers have already published in the 2018 annual report and the 2019 semi-annual report dew.
The company provides Tesla with a new energy vehicle door lock cover and becomes a Tesla first-level supplier. The situation is as follows:
The liquid metal material of the company has the characteristics of high strength, high hardness, corrosion resistance and wear resistance. In February 2015, he began to intervene in the door lock cover project of Tesla's new energy vehicles and actively provided liquid metal vehicles to himSample of door lock cover. Through a four-month development period, the liquid metal car door lock cover produced by the company, the hardness and impact resistance have been repeatedly tested by customers, and the excellent material characteristics and molding process of liquid metalThey all meet Tesla's product design requirements, and the samples provided by the company have been approved by customers. Company on 201Received an order from Tesla in July and mass-produced it. Since then, liquid metal has achieved the first time in Tesla Mod The application on el X is also the first application of liquid metal in the automotive field, with a very important milestone In order to achieve a breakthrough of 0 to 1 for the subsequent expansion of liquid metals. Since the beginning of cooperation, car door locks All orders for cover are directly placed by Tesla to the company, and the company directly delivers to Tesla as a tier one supplier.
Question 2
The specific situation of your company's new energy vehicle products, including product details, new energy vehicle ownersTo customers, the sales volume and amount of another period in the past two years, etc., combined with the above situation, explain that your company Replying to Tesla's judgment is one of the company's important customers of new energy vehicle products.
Company reply:
In recent years, in view of the vigorous development of the new energy vehicle market and the characteristics of the industry, the company has deeply cultivated new energy vehicles Parts business, from early market development, technology research and development, equipment and personnel planning, production capacity matching, inspectionFocused on planning and implementation of inspection and testing and other links, formed a professional auto parts technical team, purchased high-precisionDensity 180T-4000T large die casting machine, CNC machining center, large mold processing equipment and testing equipmentEtc., to provide customers with professional and fast one-stop service, ensuring the motor, electronic control, battery pack, liquid metal Timely development and quantity of new energy automotive components such as lock covers, steering gears, central control navigation, body structure parts, etc.The production and delivery have won unanimous praise from domestic and foreign new energy vehicle manufacturers and component system customers.The new energy vehicle terminal brands involved in the company's current products include: BYD, Geely, Chrysler,Tesla, Karma, etc., the first-tier suppliers include: Ningde Times, LG, etc.
Among the company's direct customersIncluding: BYD, Geely, Tesla, Karma, Ningde Times, LG, TKP, etc.
The company has the full process technology of new material products such as aluminum alloy and magnesium alloy, and has independent mold development Capacity, the production capacity of die casting equipment is from 180T to 4200T, covering all parts from large to small, with sophisticated CNC machining center, diversified surface treatment and assembly lines can meet the different needs of new energy automobile partsClaim.
At present, the new energy vehicle parts produced by the company are mainly: battery pack shell, motor shell, electric control box, Steering gear parts, etc. Battery packs, electronic controls, and motors are all core components of new energy vehicles.
The battery pack is used to protect the batteryThe outer shell of the product has a larger size, and has certain strength requirements, compactness requirements, and leak test requirements.In 2017, the company successfully produced Geely’s first die-cast structure battery pack using a 4000T die-casting machine.
The product has good strength and structure, and the dimensional accuracy is much higher than the design of the metal stamping structure. Excellent flatness, Good sealing performance, lightweight structure can reduce the weight of the battery pack, improve the cruising range of electric vehicles,Improve the energy density of the battery. At the same time, the company also developed BYD's dump truck battery pack, K9 electric BUS battery module parts, etc. Electronic control is the key to the battery management system, the accuracy of electric control and motor products. The requirements are relatively high, and there are leakage tests and strength requirements. The company successfully used 2200T large die casting machineDeveloped the electric control project of BYD Auto. Currently, cooperation with LG customers on electric control and motor products is underway in development.
The automobile steering gear parts are mainly made of magnesium alloy die-casting in the design.It is calculated that the strength of magnesium alloy products can meet customer needs, and the weight of the product is 33% lighter than that of aluminum alloy. Magnesium alloy auto parts have very good weight reduction significance in automobile lightweight. At present, the company hasHe cooperated to supply parts for Tesla Model S, 3, X and other models.
In 2018, 2019, January-February 26, 2020, the company's terminal sales of Tesla products accounted for The proportion of the company's new energy vehicles is 36.43%, 39.76%, 78.92%, so the company judges that Tesla is a public company. One of the important customers of the company's new energy automotive products.
Question 3
The specific situation of the company providing products to the Ningde era, including the details of the products provided, the productionProduct targets, sales volume and amount in the last two years, credit policy, accounts receivable and repayment, etc., combined The order in hand and the signing of the contract show that the business cooperation with the Ningde era will affect your company's financial situation and operation.The impact of the results and related risks.
Company reply:
The company has outstanding technology, production capacity, and on-site management capabilities for lightweight new materials for new energy vehicles.Strong lean production capacity and complete industrial chain advantages. The company has sophisticated die casting technology (companyHigh-precision 180T-4000T large die casting machine), precision CNC machining center and testing equipment guaranteeThe stability and precision of automotive products can meet the needs of customers for product functions and prices.Provide professional and fast one-stop service, the company has motors, electronic control, battery packs and other new energy automotive partsThe products have been mass-produced and delivered, and have won a number of domestic and foreign new energy vehicle manufacturers and component system customers.Praise.
The company began business and technical cooperation with the Ningde era in 2018, and passed the Ningde German Times factory audit and successfully obtained the supplier code.
Based on the company's advanced production and technical strength in the field of new energy vehicles, it has a high degree of cooperation with the Ningde era Supporting advantages. The company became one of its core suppliers in 2019, with which it carried outIn the cooperation of new energy vehicle battery pack technology and many other, through multi-level technical discussions and tests,There are 11 models of magnesium / aluminum alloy battery pack end plates, 1 model of aluminum alloy battery box is under mold development, and dozens magnesium / aluminum alloy new energy battery pack accessory project is under evaluation and development. Less from January to February 26, 2020 sample shipment of battery packs. Therefore, since the two parties are currently in the preliminary cooperation stage and have not yet entered the mass production stage, they should Receivables, income receivables, on-hand orders, etc. are relatively small, and the impact on the company's financial status and operating results are similar for smaller.
At present, the cooperation between the company and the Ningde era is steadily advancing, and it is planned to sign further cooperation agreements, equipment, personnel, etc. are also continuing to invest. According to the current situation, the company can partially invest in the second quarter of 2020Enter mass production, but it does not rule out the risk that the situation is expected to change in the future.
Question 4
Your company stated that it has the capacity to produce liquid metal hinges in large quantities and is able to supply customers in batches.According to the report, supplementary disclosure of the basic development of liquid metal hinges, including the company ’s main applications for liquid metal hinges Domain, major customers, sales volume and amount in the next two years, credit policy, accounts receivable and repayment Status, on-hand orders and the impact on the company's financial status and operating results.
Company reply:
Liquid metal, also known as bulk amorphous alloy, is called the third material revolution, which has a multi-component materialComposition characteristics, no phase change occurs during solidification molding, thereby forming an amorphous microstructure, the microstructure There is no lattice and grain boundary, and there is no origin of fracture failure, so that the material has high strength, high elasticity, High corrosion resistance and many other excellent properties. Material strength is three times that of stainless steel, and elasticity is three times that of titanium alloyTimes.
Since 2012, the company has cooperated with the Institute of Metal Research of the Chinese Academy of Sciences to develop related technologies for liquid metals; To further accelerate the progress of material development, the company established the New Materials Research Institute in 2017, and its R&D strength further strengthen. At present, the company has the development and production of liquid metal materials, equipment development and production, mold design andThe ability of the entire industrial chain of processing, product development and production. The liquid metal products that the company has mass produced include steam Car door lock, USB interface, mobile phone side decoration, camera decoration, Face-ID bracket, etc. product.
The application fields of liquid metal hinges are as follows: 1. Folding screen mobile phone shaft, two ways of inside and outside foldingThe folding screen mobile phone of the case requires the use of liquid metal shaft structural parts; 2. Notebook shaft structural parts, such as rotating shaft structural parts of the tablet, etc .; 3. Smart watch bracelet link structural parts.
2019 is a very important year for folding screen mobile phones, the key to the design of folding screen mobile phones is the strength of the hingeDegree and precision, and liquid metal has the characteristics of high precision, high flatness and high strengthOne of the preferred materials for components. So far, the company has provided two liquid gold for the largest mobile terminal customers in ChinaIt belongs to the hinge, which is defined as the first and second generations respectively. The specific conditions are as follows:
The first generation liquid metal hinge project was evaluated in July 2018, and the mass production time is 2019.10month;
The second-generation liquid metal hinge project was evaluated in October 2019 and started in November 2019.Into mass production, so far it can meet customer order needs.
According to the contract signed by the company and the customer, the credit policy for liquid metal hinge products is 60 days per month and 90 days per month. Today, as of now, customers are able to make timely payments according to the contract.
The project is a key project of the customer, and the customer signs a confidentiality agreement with the customer, the amount of delivery, the amount of deliveryRelevant data will have a certain impact on the customer's market. It is an important business secret of the customer and is classified.Agreement control area.
Question 5
Please combine the above question replies to explain one by one whether your company's related replies on Interactive EasyView, be true, accurate, complete, and fairly introduce and reflect the actual situation of the company, whether it is misleading statement. Please self-examine and explain whether there is a situation in your company that replaces the temporary announcement with an interactive and easy reply.If there is any undisclosed information that should be disclosed, is there any active response to market hotspots and hypeThe situation of the company's stock price.
Company reply:
The company's interactive platform involved Tesla's responses to company customers have been disclosed in previous periodic reports,It is basically consistent with the previously disclosed content, as follows:
Periodic reports 2017/8/22
2017 semi-annual report Section IV of the paper Theory and Analysis-Overview
In terms of new energy vehicles, liquid metal products has entered the new energy vehicle market, the company hasStable supply of liquid metal locks to Tesla buckle. For liquid metals, as of the reporting period At the end, the company entered Tesla and other domestic and foreign Customer supply chain.
Periodic reports 2018/3/30
2017 Annual Report Section IV of business discussion and Analysis-Overview
In terms of new energy vehicles, the company has SILA supplies liquid metal locks steadily. In liquid As for the state of metals, the company's liquid metal products There are locks, card holders, hinges, USB devices Accessories, fingerprint module bracket, camera appearance Products such as parts, middle frames, mobile phone metal frames, etc.Into the mass production stage. As of the end of the reporting period, the company Established with well-known domestic and foreign customers such as Tesla A good cooperative relationship.
Periodic reports 2018/8/16
2018 semi-annual report Section IV of the paper Theory and Analysis-Overview
As for new energy vehicles, as of the reporting periodAt the end, the company and Tesla and other well-known international and domestic Customers establish cooperative relations. In the liquid metal side Noodles, liquid metal has been in Tesla's car doorLock, mobile phone tray, hinge, USB decoration Pieces and other products have entered mass production stage. As of the report At the end of the period, the company, Tesla and other well-known domestic and foreignThe customer has established a good cooperative relationship.
Periodic reports 2019/4/2
2018 Annual Report Section IV of business discussion and Analysis-Overview
As for new energy vehicles, as of the reporting period At the end, the company and Tesla and other well-known international and domestic Customers establish cooperative relations. In the liquid metal side Surface, liquid metal can not only meet the folding screen The thickness of the structure of the mobile phone, the complex structure The limit requirements, and the price of commercial preparation The ratio is very high. As of the end of the reporting period, the company Well-known customers at home and abroad such as Good partnership.
Periodic reports 2019/8/28
2019 Semi-annual Report Section IV of the paper Theory and Analysis-Overview
As for new energy vehicles, as of the reporting period At the end, the company and Tesla and other well-known international and domestic Customers establish cooperative relations. In the liquid metal sideThe company actively cooperates with well-known mobile phone customers Design and supply of liquid metal hinges By the end of the reporting period, the company and Tesla and other domestic Well-known foreign customers have established good cooperation system. According to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Listing Rules" And related matters did not meet the disclosure standards for major matters. The company attaches great importance to interaction with investors, in line with investment The investors take a responsible and responsible attitude and respond to questions from investors after careful verification. Objectively, truthfully, accurately, completely and fairly introduce and reflect the actual situation of the company, there is no misleading Narrate. Therefore, the company does not have the situation to replace the temporary announcement with the interactive platform, and there is no Undisclosed information, there is no situation to actively cater to market hot spots and speculate on the company's stock price.
Question 6
please explain your company's directors, supervisors, senior management, controlling shareholders, holding more than 5% of the shares Shareholders ’trading of your company ’s stock in the past month, whether there is insider trading or market manipulation, make up fully disclose whether the above personnel have a shareholding reduction plan in the next 6 months, and verify whether your company uses interactionIt is easy to reply to the situation of reducing the holding of the above personnel.
Company reply:
After verification by the company, the company's directors, supervisors, senior management, controlling shareholders, shareholders holding more than 5% of the sharesIn the past month, there has been no trading of company stocks, no insider trading, or market manipulation.As of the reply date of this concern letter, the company has not received the company's directors, supervisors, senior management personnel, holdingShareholders and shareholders holding more than 5% of the shares plan to reduce the company's shares in the next six months. Such as company directors, supervisors,Senior management, controlling shareholders, and shareholders holding more than 5% of the shares have plans to reduce their holdings. The company will follow the relevant laws and regulations Regulations, departmental rules and regulatory documents, and timely fulfill information disclosure obligations. Company directors, supervisors, Senior executives, controlling shareholders, and shareholders holding more than 5% of the shares have not bought or sold company shares in the past month.There are situations where the company uses interactive easy reply to cooperate with the above personnel to reduce holdings.
Special announcement.
Dongguan Eontec
Board of Directors
February 27, 2020
April Fool Concept.
If we accept DISCO joints in the 70s, perhaps we will accept this concept also.
System Engineering portion is correct though. There is a patent on that.
To be frank. I saw NOTHING from current 10K.
Until "PICK SIX" non-CE application is identified, it will always lag CE commercialization.
ME TOO application will never get us anywhere.
CE (from domestic customer) will always be SILENT as expected.
Good news is CE commercialization is finally in gear with Whale Adoption into Eontec.
Eon latest investor brochure
https://pdf.dfcfw.com/pdf/H3_AP202003111376117879_1.pdf
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Please see the end of the report for each statement.
Application scenario of foldable screen mobile phone zirconium-based liquid metal hinge opens, opening up the company's growth space
¦ Huawei's second-generation upgraded folding screen phone, Mate Xs, chooses zirconium-based liquid metal + MIM process to create explosive application scenarios for liquid metal commercialization, opening up growth space.
First, Huawei ’s second-generation upgraded folding screen phone, MateXs, uses zirconium-based liquid metal as the main hinge system material to increase strength. On the evening of February 24th, Huawei released the second-generation upgraded folding screen phone Mate Xs. The official revealed that MateXs' hinge system has more than 100 devices.
The use of zirconium-based liquid metal and other materials greatly enhances the strength of the hinge, which is 30% higher than that of titanium alloy.
Secondly, the hinge is the most critical functional part to realize a foldable mobile phone, and it is also the highest-tech part of the folding screen. The hinge design can effectively prevent excessive mechanical damage to the screen. Compared with notebook computer hinges, the specifications are high, which determines the success of folding screen mobile phones. Because of the high requirements for materials, Huawei's second-generation folding screen finally selected a zirconium-based liquid metal material with superior performance, which is combined with metal injection molding (MIM) in the process, with the advantages of high precision and thinner, which is expected to replace the traditional Press + CNC mode.
Third, the liquid metal has characteristics such as high strength, high hardness, lightness, complexity, and brightness, which makes it extremely adaptable. Liquid metal is a new generation of disruptive materials that surpasses traditional light alloy varieties such as aluminum, magnesium, and titanium. At present, although the material has great potential in 3C, automotive, medical and other fields, the market space has just begun to open. Huawei ’s second-generation upgraded folding screen phone Mate Xs chooses zirconium-based liquid metal + MIM process to create a liquid metal commercial Explosive application scenarios to expand growth space.
Eontec is a global industrial leader in the field of liquid metal. It has a large-scale production line for zirconium-based amorphous alloys, and has the ability to develop and produce liquid metal mobile phone hinges. According to the announcement, the company is a pioneer in liquid metal research and development in the industry, with integrated manufacturing capabilities from materials to equipment and design, and the only company in the world that applies liquid metal to the automotive industry. The company started research and development in 2012, and began mass production of bulk amorphous materials in 2018. With the gradual expansion of application scenarios, the market space is large. First, the company's liquid metal products have cooperated with relevant customers in the fields of 5G communications, new energy vehicles, and consumer electronics. The liquid metal Face ID brackets have been supplied in batches to well-known domestic mobile phone manufacturers such as Xiaomi, OPPO, Huawei, etc .; the company's 5G base station products include filters and heat dissipation casings. Currently, it cooperates with customers such as China Communications and cooperates with Tex Customers such as Latin America, Samsung, Lansi Technology, and ABB have established cooperative relationships. According to Eon's regular report, the company has always had good cooperation with Huawei, and the company also has R&D and production.
Production of liquid metal hinges. The second is to sign cooperation agreements with a number of companies and governments to expand the industrialization of liquid alloys.
According to the announcement, on July 22, 2019, the company's wholly-owned subsidiary Eon Liquid Metal signed a project investment framework agreement with the Qingxi Town People's Government of Dongguan City, with a total investment of 380 million yuan to jointly build a liquid metal project; March 6, 2020 On the day, the company and Sanxiang New Material's industry fund Sanxiang Zirconium Magnesium signed a project cooperation investment agreement to jointly invest in amorphous alloy (liquid metal) projects at a ratio of 40%: 60%, with a registered capital of 100 million yuan. With the expansion of industrialization, it is expected to accelerate the application field of liquid metal is expanded to increase the market scale.
¦ Diecasting magnesium alloy business seized the tide of new energy, and the industrialization of medical magnesium alloy entered a new stage. The company has long been committed to research and development of lightweight new materials for new energy vehicles. As a supplier, it has entered the supply chain of well-known customers at home and abroad such as Tesla, BYD, Geely, LG, etc., and cooperated with Yunhai Metal, Ningde Times and other companies to expand market share. . In addition, the company is a pioneer in the development of standards and clinical and industrialization of the domestic medical magnesium alloy industry. The company received the medical device clinical trial approval issued by the State Drug Administration on July 12, becoming the first biodegradable metal screw approved in the country. After clinical success, it is expected that it will reach the market by the end of 2020.
¦ Give “Buy-A” investment rating. Considering the gradual release of the company's production capacity and the acceleration of the demand for folding mobile phones, the company's performance has steadily improved. We estimate that the company's net profit attributable to the mother in 2019-2021 will be 102 million, 132 million and 163 million yuan, corresponding to PE of 76x, 58x and 47x. Considering that the company has strong technical barriers in the fields of liquid metals and bio-magnesium alloys, and has a large market potential in the future, it is expected to enjoy a higher valuation premium and give it a “Buy-A” investment rating.
¦ Risk warnings:
1) Market demand and commercialization of liquid metal are lower than expected;
2) Industrialization of bio-magnesium alloy is lower than expected;
3) Business orders of traditional aluminum-magnesium alloy are lower than expected.
1. Fold the hinge of the mobile phone to create the explosive application scenario of the commercialization of liquid metal and open up the growth space
Huawei's second-generation upgraded folding screen phone, Mate Xs, uses zirconium-based liquid metal + MIM technology to create explosive application scenarios for liquid metal commercialization, opening up room for growth. On the evening of February 24th, Huawei released the second-generation upgraded folding screen mobile phone MateXs. The most obvious appearance improvement of Huawei MateXs comes from the hinge, which is officially called "eagle-wing folding design". What users can see is actually only exposed. That small piece has also become the most obvious difference between the appearance of this generation of Huawei MateXs and the previous generation. The official revealed that MateXs' hinge system has more than 100 devices. The use of zirconium-based liquid metal and other materials has greatly improved the strength of the hinge, which is 30% stronger than titanium alloy.
Figure 1: Huawei Eagle-wing hinge design uses zirconium-based liquid metal to enhance strength
Source: Huawei website, Anson Securities Research Center
hinge is the most critical functional component to achieve a foldable mobile phone, and it is also the highest-tech part of the folding screen. Hinge set It can effectively prevent excessive mechanical damage to the screen. Compared with the hinge of a laptop, the requirements of precision, durability, strength and thinness of a hinge hinge of a mobile phone are very high, which almost determines the success of a folding screen mobile phone.
According to Huawei Consumer Business CEO Yu Chengdong,
"We have been researching on this folding screen hinge for three years and contain more than 100 parts. This is very expensive, but there are many new technologies in it." Because of the high requirements for materials, Huawei's second-generation folding screen finally selected a zirconium-based liquid metal material with superior performance, which is combined with metal injection molding (MIM) in the process, with the advantages of high precision and thinner, which is expected to replace the traditional Press + CNC mode. Liquid metal has characteristics such as high strength, high hardness, lightness, complexity, and brightness, which makes it extremely adaptable. The official name of liquid metal is amorphous alloy, which has significant advantages in performance, process and cost. It is a new generation of disruptive materials that surpasses traditional light alloy varieties such as aluminum, magnesium, and titanium. Currently, the material is used in 3C, automotive, medical and other fields. Although the market potential is huge, the market space has just begun to open. Huawei ’s second-generation upgraded folding screen phone Mate Xs uses zirconium-based liquid metal + MIM