Eontec just released their financial report for first half of 2020. While it is difficult to accurately translate pdf documents, I was able to translate and it the narrative on liquidmetal can be found below. The formatting is not good, but you can read the text. My major take away is that it appears that they are supplying liquidmetal hinges for not only Huawei, but also Samsung. The two new Samsung foldable (flip) phones. Also they have sold licensing to another supplier who will also be producing part. The ecco system is clearly growing...
(2) Liquid metal
The emergence of folding screen mobile phones is a necessity for the development of smart phones. The design and production of hinges are one of the two core technologies of folding screen mobile phones.
One, another core technology is the performance improvement of flexible screens and large-scale mass production. The strength, thickness and accuracy of the structural parts of the hinge are more than
The extreme requirements of traditional processes, the current CNC, MIM and other forming processes of stainless steel and aluminum alloys cannot meet the requirements of hinges for material performance and dimensional accuracy.
Claim. As the key material of folding mobile phone hinge, liquid metal has the characteristics of high strength, good formability and high dimensional accuracy, which can reach
The thickness, strength and precision requirements of the hinge support, and the excellent elastic deformation ability of the liquid metal itself, make the product fatigue
Can be far better than other materials.
During the reporting period, the novel coronavirus pneumonia epidemic was spreading, but the new folding screen mobile phones did not slow down, including Huawei Mate Xs and
The two new folding screen phones of Samsung Galaxy Z Flip have been released one after another, allowing the market to once again focus on the development prospects of its related industry chain. Company in
Based on the continuous expansion of the liquid metal market last year, we continued to increase our R&D and innovation efforts, and carried out strategic cooperation with mobile phone brands to jointly research and develop
Developed and supplied liquid metal hinges.
During the reporting period, in addition to supplying liquid metal hinges to customers, the company also continued to increase the integration of liquid metal products in new energy vehicles and consumer electronics.
Market promotion efforts in the fields of components, medical equipment, communication base stations, etc., continue to introduce products that meet customer needs. The liquid gold that the company has mass produced
The products include liquid metal hinge structural parts, medical equipment structural parts, car door locks, USB interfaces, side decorations of mobile phones, and cameras
Decorative parts, Face-ID brackets and other products, among which the company exclusively supplies Model X liquid metal door lock cover 23040PCS to Tesla.
In order to expand the application fields of liquid metal and develop more liquid metal products, the company has implemented the harmonic gear of the core component of the robot harmonic reducer.
In-depth research and development have been carried out on wheels, lock washers, high-end fasteners, golf heads, and industrial coupling diaphragms, and some samples have been sampled in the early stage.
In order to give full play to their respective advantages and expertise, promote the sustainable development of Yian Technology’s liquid metal industry, and enhance the ability of industrial chain integration, March 2020
On 6th, the company and Sanxiang New Materials Co., Ltd. established an industrial fund Ningde Sanxiang Zirconium Magnesium Industry Equity Investment Partnership (with
Limited Partnership) (hereinafter referred to as "Sanxiang Zirconium Magnesium") signed the "Amorphous Alloy (Liquid Metal) Project Cooperation Investment Agreement", and both parties agreed to cooperate in investment.
Capital amorphous alloy (liquid metal) project. The registered capital of the project is RMB 100,000,000, and Sanxiang Zirconium Magnesium and Yian Technology use 60%:
40% of the joint investment, the implementation entity is Ningde Sanxiang Liquid Metal Technology Co., Ltd. (hereinafter referred to as "Ningde Sanxiang") jointly established by the two parties.
On March 10, 2020, Ningde Sanxiang completed the industrial and commercial registration. In order to improve Ningde Sanxiang’s independent research and development and production of amorphous alloy (liquid metal) production
Improve the market competitiveness of amorphous alloy (liquid metal) products. Yi'an Technology and Yihao Metal will combine their own and authorized use with amorphous alloy (liquid metal) products.
Patent and proprietary technology related to alloy (liquid metal) are licensed to Ningde Sanxiang. Ningde Sanxiang Payment Technology to Yi'an Technology and Yihao Metal
License fee of 40 million yuan (including payment of 23 million yuan to Yian Technology and 17 million yuan to Yihao Metal), technology license fee is paid in two phases
pay. As of the end of the reporting period, Yi'an Technology and Yihao Metal received the first phase of technology license fees respectively. To increase the production of liquid metal equipment of Ningde Sanxiang
Yes, on April 8, 2020, the company and Ningde Sanxiang jointly signed the "Equipment Sales Contract". Ningde Sanxiang agreed to purchase 10 units and two from Yian Technology.
Various types and specifications of liquid metal machinery and equipment, with a total amount of RMB 30.8 million.
With the continuous improvement of the acceptance of liquid metal in related industries, more and more companies adopt liquid metal materials to design and produce high-quality
Complicated structural parts with high performance and high precision have continuously increased the demand for liquid metal. In order to meet customer needs, the company accelerates its market layout and continues to increase
Liquid metal equipment was invested to increase production capacity, and liquid metal product revenue continued to grow. During the reporting period, the company’s liquid metal product sales revenue
It was RMB 70,978,800, an increase of 71.25% compared with the same period of the previous year, mainly due to the increase in revenue from liquid metal hinges. As of the end of the reporting period, the company
The cooperation relationship with well-known domestic and foreign customers such as Tesla, Xiaomi, Huawei, OPPO, Lens Technology, ABB, and Sony has been further strengthened.
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