A-share technology giant Wingtech Technology has once again spread good news.
On the evening of November 2, Wingtech Technology announced that the company has determined a mass production plan with specific overseas customers and is currently actively preparing for mass production. At the same time, in order to respond to customer mass production needs in a timely manner, the mass production line will be put into use in accordance with the plan in consultation with customers during the sample verification stage.
China Securities News reporter learned from industry insiders that the specific overseas customers mentioned in Wingtech Technology's announcement are Apple. Previously, Wingtech Technology has passed Apple's factory certification and obtained an exclusive assembly order for Apple's new MacBook Air next year.
In the secondary market, Wingtech Technology's stock price fell sharply in September, and recently recovered rapidly, with the latest report of 116.45 yuan and a market value of 145 billion yuan.
Source: Wind
The camera module mass production plan has been determined
According to public information, Wingtech Technology's main business includes three major business sectors of semiconductor IDM, optical module and communication product integration, and has formed a whole industry chain layout from semiconductor chip design, wafer manufacturing, packaging and testing, to optical modules, communication terminals, servers, notebook computers, IoT, and automotive electronic products research and development and manufacturing.
Wingtech Technology said in the announcement that in order to promote the supply of cameras to specific overseas customers, the company actively discussed the resumption of work and production plans with specific overseas customers, and completed the relocation and procurement of equipment, the integration of production sites, the expansion of research and development teams and the formation of production teams. The operating assets purchased by the company from Jiangxi Jingrun have completed equipment commissioning, the trial production line has been put into use and the output has been realized, and the output sample has been delivered according to customer requirements and is now in the verification stage.
As of the announcement date, the company has determined the mass production plan with specific overseas customers, and is currently actively preparing for mass production. At the same time, in order to respond to customer mass production needs in a timely manner, the mass production line will be put into use in accordance with the plan in consultation with customers during the sample verification stage.
Wingtech Technology said that the sample products need to pass the audit and verification of specific overseas customers, and there is still uncertainty about the official mass production of goods. If it cannot pass the audit and verification of specific overseas customers, there are risks such as impairment of raw materials and finished products involved in the preparation of mass production, and the target assets may have asset impairment risks.
Guangzhou Delta Imaging Technology Co., Ltd., which has determined a mass production plan with Apple, was previously a subsidiary of A-share listed company OFILM, engaged in Apple's camera module business, and was acquired by Wingtech Technology in the first half of this year.
On February 7 this year, Wingtech Technology and OFILM signed the "Acquisition Intent Agreement" to purchase of of of-film-owned business assets owned by OFILM and related to the supply of cameras to specific overseas customers in cash.
On March 29, the Company and OFILM signed the "Equity Purchase Agreement on Guangzhou Delta Imaging Technology Co., Ltd." and the "Asset Purchase Agreement on Jiangxi Jingrun Optics Co., Ltd." with OFILM and Jiangxi Jingrun, in which the Company or designated entities intend to purchase 100% of the equity of Guangzhou Delta held by OFILM and the equipment owned by Jiangxi Jingrun related to the supply of cameras to specific overseas customers by offline.
After the asset delivery was realized in May this year, Wingtech Technology officially laid out the optical module business.
Get an exclusive assembly order for the new MacBook Air
It is worth noting that Wingtech Technology has good news in the near future.
On the evening of October 26, a reporter from China Securities News learned from the supply chain that Wingtech Technology has passed Apple's factory certification, obtained Apple's exclusive assembly order for next year's new MacBook Air, and has begun to lay production lines in Zhejiang, Jiangsu, Yunnan and other factories. Supply chain sources also revealed that Wingtech Technology also got other apple projects.
Wingtech Technology's Nexperia Semiconductor is a supplier of Apple's iPhone power devices. Nexperia is the world's leading supplier of power discrete components. In the first half of 2021, Nexperia rose from 11th to 9th in the global power discrete device industry, while Nexperia (China) Co., Ltd. continued to rank first in the list of China's power discrete device companies.
On the evening of October 29, the third quarterly report released by Wingtech Technology showed that In the third quarter, Wingtech Technology achieved operating income of 13.877 billion yuan; net profit attributable to shareholders of listed companies was 809 million yuan, an increase of 45.06% year-on-year.
Wingtech Technology said that the net profit growth attributable to the shareholders of listed companies in the reporting period was mainly due to the fact that the semiconductor business has maintained a good development trend driven by the demand for new energy vehicles this year, and the vehicle-grade products have reflected good competitiveness; at the same time, in the product integration business, the adverse impact of the price increase of upstream accessories showed a moderate trend in the reporting period.
EDIT: Leaf Pine
