On November 6, analyst Guo Mingyu released a research report entitled “Da Liguang is the biggest winner of the significant upgrade of iPhone VCM new supplier and ultra wide angle camera lens in 2021”. Guo believes that the shipment volume of 2h21 new iPhone series may be better than that of iPhone 12 series because of more popular 5g infrastructure, return of normal mass production and release time, and upgrading of several important specifications. < / P > < p > the shipment volume of 2h21 new iPhone series may be better than that of iPhone 12 series. We are looking forward to the long-term prospect of iPhone supply chain and begin to pay attention to the new trend in 2021. < / P > < p > Apple did not provide the financial forecast of cy4q20 / fy1q21 in the previous financial report meeting, which is the biggest concern of the market for apple / iPhone supply chain in the near future. However, we believe that the shipment of 2h21 new iPhone will grow and we are looking forward to the relevant supply chain outlook because of: 1) more popular 5g infrastructure, 2) return to normal mass production and release time, and 3) upgrading of several important specifications. We also believe that most of the iPhone supply chain stocks have reflected some positive or negative results of the iPhone 12 series, so we suggest investors start to pay attention to the new trend in 2021. < / P > < p > among several important specifications upgrades of 2h21 new iPhone, we predict that the upgrade of two high-end models of ultra wide angle cameras will be one of the most significant changes. < / P > < p > iPhone 12 series are equipped with F / 2.4, 5p and fixed focus ultra wide angle cameras. We predict that the new 2h21 iPhone also has four models and the size is the same as the iPhone 12 series, while the new two high-level ultra wide angle cameras will be significantly upgraded to f / 1.8, 6p and AF (autofocus). We believe that, thanks to the significant upgrade of the ultra wide angle camera, the new high-end iPhone 2h21 will provide a better photo taking experience. All of our new iPhone’s 2.2f and h22.6f super wide-angle cameras are expected to come with us. < / P > < p > it is expected that daliguang will become a supplier of new voice coil motor (VCM) for iPhone since 2021, which is the biggest winner in the significant upgrade of ultra wide angle camera lens. The stock price has reflected Huawei’s ban on competing with new entrants, and the worst is over. < p > $1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-1.2p-. The lowest level AF VCM ASP is similar to the highest level 7p lens, so we expect that daliguang will benefit significantly from the growth of ASP driven by the upgrade of VCM specifications in the next few years. We believe that VCM business will become a new growth driver of daliguang. The reasons are as follows: 1) market share increase; 2) future specification upgrade (AF VCM – & gt; OIS VCM – & gt; periscope VCM); 3) vertical integration with lens business. We also expect that with the advantages of lens production and VCM vertical integration, daliguang will obtain about 70% of the orders for the upgrade 6p ultra wide angle lens of 2h21 new high-end iPhone (vs. 50% of the iPhone 12 series ultra wide angle lens). Global Tech