Jiwei Network News A few days ago, according to the author's inquiry, Longyang Electronics (Kunshan) Co., Ltd. (hereinafter referred to as "Longyang Electronics"), which is engaged in consumer electronic electromagnetic shielding materials, held an IPO meeting on the ChiNext board.
It is understood that Longyang Electronics is a professional manufacturer of electromagnetic shielding materials, mainly engaged in the research and development, production and sales of electromagnetic shielding materials, and is committed to providing customers with high-quality electromagnetic shielding materials and perfect electromagnetic interference solutions.
The company's electromagnetic shielding products mainly include conductive cloth, conductive cloth tape, shielding insulation composite tape, absorbing material, conductive cloth foam, all-round conductive sponge, SMT conductive foam, etc., focusing on the field of consumer electronics, in notebook computers, tablet computers, smart phones, smart wearable devices and other electronic products to play an electromagnetic shielding function, to achieve the effect of electromagnetic compatibility.
At present, the company has established a good business relationship with Foxconn, Quanta, Compal, Pegatron, Inventec, Luxshare Precision, Dongshan Precision, Changying Precision and other well-known electronic foundry service enterprise groups in the industry, and the products are widely used in Apple, HP, Asus, Dell and other internationally renowned consumer electronics brands.
In terms of performance, the company increased rapidly in 2018-2020 (hereinafter referred to as the "Reporting Period"), with revenue of 214 million yuan, 268 million yuan and 425 million yuan respectively, and the corresponding net profit was 0.83 billion yuan, 105 million yuan and 167 million yuan. Compound revenue growth rate of 40.95% from FY2018 to FY2020
In addition, according to the company, during the reporting period, the company's product and service revenue finally applied to Apple accounted for 67.02%, 66.37% and 72.53% of the main business income, respectively, accounting for a relatively high proportion, and the company's product revenue has a certain dependence on Apple. From the perspective of subdividing the major segments of business, such as conductive cloth and conductive cloth tape, conductive foam, and insulation materials, the largest customer is Apple!
(Proofreading/Wenbiao)