After the issuance of the 5G license this year, China officially entered the era of 5G commercialization, and the construction of various new infrastructure accelerated forward, and the driving effect on the industry in the future is immeasurable. In addition to the development of infrastructure construction, all kinds of new intelligent equipment in the 5G scenario have sprung up, and the future will completely change our lives. As a deep participant in the 5G ecosystem, Guanghong Technology has undoubtedly received widespread attention from the market.
Continuous improvement of technical advantages The overall manufacturing capacity is outstanding
According to public information, Guanghong Technology is specialized in the assembly of PCBA and finished products of consumer electronics, network communications, automotive electronics and other electronic products, and provides electronic manufacturing services (EMS) with complete services such as process technology research and development, process design, procurement management, production control, warehousing and logistics. 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) and other electronic products.
Benefiting from the overall development of the consumer electronics market and the significant increase in the shipment volume and market share of local brands, Guanghong Technology has developed rapidly. According to the third quarterly report, in the first nine months of this year, Guanghong Technology achieved operating income of 2.048 billion yuan, far exceeding the 1.598 billion yuan of last year, an increase of 920 million yuan over the same period last year of 1.128 billion yuan, an increase of 81.61%. Net profit was RMB306 million, also exceeding last year's full year's RMB273 million, an increase of RMB129 million or 72.84% from RMB177 million in the same period last year.
Over the years, Guanghong Technology has been based on the EMS track, with continuous improvement of technical advantages and outstanding overall manufacturing capabilities. The data shows that from 2014 to 2018, the total number of employees fluctuated slightly, but the proportion of technical personnel has been steadily increasing, from 3.69% to 10.74%, and the proportion of production personnel has been steadily decreasing, from 90.59% to 81.59%.
At the same time, Guanghong Technology has maintained technological innovation and introduced advanced equipment for a long time, and its overall manufacturing capacity is at the leading level in the industry. Guanghong Technology is a demonstration enterprise of the integration of industrialization and informatization in Guangdong Province, which has practiced the deep integration of industrialization and informatization earlier, continued to introduce industry-leading equipment and optimized the process layout, and its degree of automation and informatization continued to improve. At present, Guanghong Technology has the industry's leading high-speed high-precision double-track patch line, which can complete the double-sided patch of the product "one-stop", and the mounting accuracy is at the leading level in the industry. Guanghong Technology has more than 70 SMT patch lines, 80 assembly lines, and a monthly production capacity of 6 million units.
In addition, Guanghong Technology invests a lot of money every year to purchase or update various production facilities to meet the growing production capacity and quality requirements of customers. Guanghong Technology has also introduced a high-precision pop process, which can accurately complete stacked mounting on small-size PCBs to meet the needs of undertaking the production and manufacturing of various types of high-precision electronic products. Under the support of strong technical advantages, the company now serves customers including Huawei Technologies, Shanghai Datang, Huaqin Communications and many other well-known enterprises, and indirectly becomes a Samsung supplier through Huaqin.
The rapid development of the industry is expected to fully benefit
With the acceleration of the 5G commercial process, it is expected that 2019 will become the first year of 5G mobile phone commercialization. At the 2019 Mobile World Congress, domestic mobile phone manufacturers such as Huawei, Xiaomi, and oppo have taken the lead in releasing 5G mobile phones. The industry expects that the replacement of 5G mobile phones will become the main driving force for consumer replacement in the next few years, and the smartphone replacement market has broad prospects and will bring more than 500 billion new market space. According to IDC forecast data, by 2023, 5G mobile phone shipments will reach 400 million units, accounting for 26% of the global overall mobile phone shipments. The strategyanalytics forecast data shows that 2024 and 2025 will usher in a concentrated purchase wave of 5G mobile phones, and the global 5G mobile phone shipments will reach 1.5 billion units in 2025. At the same time, with the continuous improvement of local mobile phone brands in the global market share, Guanghong Technology, as one of the high-quality enterprises in the Chinese mainland electronic manufacturing service industry, will usher in a period of major market strategic opportunities. In addition, thanks to the technical characteristics of 5G massive IoT device access capabilities and ultra-high reliability and ultra-low latency communication, the Internet of Things (iOT) represented by smart homes will gain rapid popularity and wide application, driving the huge demand for iot devices and smart terminals. According to the China Academy of Information and Communications Technology, total global consumer spending on smart home devices, systems and services was nearly $96 billion in 2018, with a compound annual growth rate of 10% over the next five years and expected to reach $155 billion in 2023. Analysts believe that since its listing, Guanghong Technology, as one of the leading enterprises in the EMS industry, has benefited from the overall development of the consumer electronics and automotive electronics markets and the substantial increase in the shipment volume and market share of local brands, the number of orders has continued to increase, the performance will grow steadily, and its development prospects are worth promising.
Source: Global Fortune Network
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