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Vigorously expand smart wearables/automotive electronics, Guanghong Technology's revenue in 2021 increased by 58% year-on-year

Vigorously expand smart wearables/automotive electronics, Guanghong Technology's revenue in 2021 increased by 58% year-on-year

Jiwei Network news, on April 24, Guanghong Technology released its 2021 annual report, achieving operating income of 3.604 billion yuan, an increase of 57.68% year-on-year; net profit attributable to shareholders of listed companies of 353 million yuan, an increase of 10.62% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 285 million yuan, an increase of 5.18% year-on-year.

Vigorously expand smart wearables/automotive electronics, Guanghong Technology's revenue in 2021 increased by 58% year-on-year

Guanghong Technology pointed out that after experiencing the huge impact of the Sino-US trade war on the company's original large customer orders since 2020, the company actively responded to external unfavorable factors, introduced new customers to fill the missing share of the original large customers, completed the optimization of the customer structure, and got rid of the original high dependence on large customers. At the same time, on the basis of the original communication terminal business, we have vigorously expanded the business of smart wearables and automotive electronics, and have achieved obvious results through the introduction of new products by the industry's leading customers.

Regarding the progress of the fundraising project, the second phase production base of Guanghong Technology Huizhou has been fully completed, and the company's production capacity has been greatly increased. At the same time, the company's listed investment project "Intelligent Manufacturing Transformation Project" has carried out intelligent production transformation of the existing production line, improved production efficiency and product quality, realized the deep integration of industrialization and informatization, and further enhanced the company's overall manufacturing advantages. "Engineering Technology Center Upgrade construction project" through the construction of a high-level testing center and intelligent management system system, continue to invest in production and manufacturing process improvement research, further strengthen the process technology research and development capabilities of Guanghong Technology, and enhance the market competitiveness of Guanghong.

Guanghong Technology said that with the increasing number of orders from the company, in order to meet the needs of more customers, the company plans to expand production capacity to ensure the continuous expansion of business scale and better accelerate the development of business scale and operating performance. Guanghong Technology Phase III intelligent production base has been gradually opened in 2021, the new phase III project will ensure that the company's production capacity in the next three years to increase space, and the company's information, automation level will also be further upgraded, better respond to customer capacity and quality control needs.

Guanghong Technology's main business is to specialize in consumer electronics, network communications, automotive electronics and other electronic products PCBA and finished product assembly, and provide process technology research and development, process design, procurement management, production control, warehousing and logistics and other complete services of electronic manufacturing services (EMS). The company's main products providing electronic manufacturing services include consumer electronics (smart phones, tablet computers), network communications (network routers, base station positioning terminals); Internet of Things, automotive electronics (OBD, driving recorders); smart wearables (smart watches) and other electronic products.

(Proofreading / Xiao wei)

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