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康瑞新材靠iPhone钛边框逆袭!“70后夫妻”干出一个IPO
Sou Hu Cai Jing· 2025-09-26 00:56
公司客户包括苹果、比亚迪。 作者|刘俊群 编辑|刘钦文 当指尖轻轻划过iPhone 15 Pro的钛合金边框,那种独特的金属质感,让不少用户为之倾心。 然而,这份精致触感的背后,一家中国供应商正走向资本市场的聚光灯下。近日,为苹果提供该边框的 江苏康瑞新材料科技股份有限公司(下称"康瑞新材")向深交所递交《招股书》,准备冲刺主板IPO。 值得注意的是,公司刚成为2025年第二批现场检查抽签的12家"中签"企业之一。 这家成立于2001年的公司,尽管其三年净利润暴增7倍,但同期却曝出漏税11万元、向第三方拆借资金 等多起内控问题。 公司由一对"70后"夫妻实际控制,二人3年通过分红套现超6500万元。当苹果供应链光环遇上内控红 灯,公司能否顺利IPO呢? 01 属于苹果供应链公司 7成收入来自于第一大客户 一家低调的金属材料公司,正在资本市场上演一场"钛合金神话"。 成立于2001年的康瑞新材,多年来默默深耕精密金属材料领域,掌握钛合金熔炼、精密轧制等核心技 术。直到2019年,它成功打入苹果供应链。 图源:罐头图库 这一高光时刻也反映在财务数据上。《招股书》显示,公司在2022至2024年营收从10.53亿元 ...
大行评级|花旗:苹果供应链情绪有所改善 偏好受惠于折叠iPhone的个股
Ge Long Hui· 2025-08-07 05:15
Core Viewpoint - The article discusses the potential impact of President Trump's proposed 100% tariff on imported semiconductor chips, while highlighting Apple's significant investment plans in the U.S. and the implications for the supply chain [1] Group 1: Tariff Implications - President Trump plans to impose a 100% tariff on imported semiconductor chips, with exemptions for companies that have committed to building capacity in the U.S. [1] - The sentiment in the Chinese Apple supply chain has improved due to the U.S. imposing a 25% tariff on Indian goods [1] Group 2: Apple's Investment Plans - Apple announced a new $100 billion investment plan in the U.S., increasing its total investment to $600 billion over the next four years [1] - Apple launched the American Manufacturing Plan (AMP) to relocate more supply chains and advanced manufacturing capabilities back to the U.S. [1] Group 3: Market Reactions - With uncertainties being resolved ahead of the iPhone's new model release, related stocks may react positively [1] - The company prefers stocks benefiting from the foldable iPhone, such as Lens Technology and Dongshan Precision, followed by companies gaining market share in iPhone components like AAC Technologies, GoerTek, and Luxshare Precision [1]
钛合金核心供应商,这家是如何进入苹果供应链的?
Sou Hu Cai Jing· 2025-06-26 21:51
Group 1 - Baoji Titanium Industry Co., Ltd. has been included in Apple's supply chain for the first time, becoming a core supplier in the titanium alloy materials sector, with expectations to double its revenue in the next three years due to increased application of titanium alloys in the iPhone 17 series and mass production of AR devices [1][2] - The company has developed a titanium alloy body solution for the iPhone 15 Pro series, achieving a balance between high strength and lightweight, significantly enhancing product durability and aesthetic design [1][2] - Baoji Titanium's entry into Apple's supply chain reflects the international recognition of China's high-end materials technology and Apple's strategic intent to diversify and expand into high-precision fields [1][4] Group 2 - The core competitiveness of Baoji Titanium lies in its full industry chain layout and innovation capabilities, with self-developed titanium alloy materials that are 60% stronger than aluminum alloys and 60% lighter than steel, meeting Apple's demand for high-end models that balance performance and aesthetics [2][3] - The company has achieved a monthly production capacity of millions through digital production lines, with a stable yield rate exceeding 95%, significantly above the industry average [2][3] - The global consumer electronics industry is rapidly evolving towards lightweight and durable innovations, with the titanium market projected to exceed $5 billion by 2025, growing at a compound annual growth rate of 18% [2][3] Group 3 - Entering Apple's supply chain requires a rigorous process involving technical certification, small batch trial production, and scaling up production, typically taking 18-24 months [3] - Baoji Titanium's collaboration with Apple has led to a more than 200% increase in revenue from its consumer electronics business and a rise in gross margin to 35% [3] - The partnership has expanded Baoji Titanium's customer base to include global giants like Tesla and Samsung, shifting its valuation from a traditional materials supplier to a high-growth technology enterprise [3]