长盈精密(300115) - 长盈精密调研活动信息

Company Overview - Shenzhen Changying Precision Technology Co., Ltd. was established in July 2001 and listed on the Shenzhen Stock Exchange in September 2010 [3] - The company operates in the precision component manufacturing industry, primarily serving the consumer electronics sector [3] Business Adjustments - Since 2017, the company has shifted its product focus from mobile phone components to non-mobile sectors, including laptops, smart wearables, e-readers, and smart speakers [3][4] - The revenue from international clients has exceeded 35%, with a goal to further increase this proportion [4] - Non-mobile projects have also seen rapid growth, now accounting for over 30% of revenue [4] Market Trends - 2019 marked a transition from 4G to 5G smartphones, with expectations of a significant wave of upgrades in the coming year [4] - The demand for connectors and shielding components in 5G smartphones is anticipated to increase substantially [4] Production Capacity and Product Development - The company does not plan significant capacity expansions unless specific customer orders necessitate it [5] - The product range includes Type-C, USB, and RF cable connectors, with Type-C expected to become increasingly prevalent [5] - The company has developed a linear motor machining tool for processing large-area metal components, improving efficiency and reducing defects [6] Client Relationships - The company has established strong partnerships with major brands in the consumer electronics field, including OPPO, VIVO, Huawei, Xiaomi, Samsung, and North American clients [7] - The ability to respond quickly to client demands is crucial in the fast-changing consumer electronics market [7] Future Outlook - The company is preparing for the upcoming launch of 5G smartphones, expecting a small wave of upgrades [7] - New energy vehicles and industrial automation are part of the company's long-term strategy, currently contributing a small portion of revenue [7]