EWPT(300115)2022-12-03 10:22Company 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] - As of 2018, international customers accounted for over 30% of the company's revenue [3] Financial Performance - The overall revenue of the company showed slight growth in 2018, but net profit declined significantly due to delays in international customer shipments and fluctuations in mobile phone component orders [3] - In Q1 2019, the company's profit margin rebounded due to stable orders from international clients and improved market predictions for mobile terminals [3] Client Base - Major domestic clients include well-known brands such as OPPO, VIVO, and Huawei, with the company being a key supplier of components for their models [3] - International clients include large North American companies, providing components for products like laptop metal casings and smart speakers [3] Product Development and Trends - The company has adapted to changes in the mobile phone casing industry, transitioning from integrated metal casings to a combination of metal frames and non-metal back covers since 2017 [4] - The introduction of pop-up cameras is seen as a significant advancement in achieving a full-screen design, with the company actively developing related products for 5G smartphones [4] R&D and New Materials - The acquisition of Guangdong Fangzhen, a company specializing in waterproof silicone materials, has led to significant R&D investments, although some projects faced delays due to international market changes [5] - Silicone materials are highlighted for their excellent properties, making them suitable for various consumer electronics and wearable devices [5] Robotics and Automation - The company is focusing on industrial robotics as a long-term development project, with subsidiaries producing high-speed industrial robots [6] - The demand for automation solutions is increasing due to labor shortages and high costs in manufacturing, with expectations for significant growth in 2019 [6] New Energy Vehicle Components - The company has actively expanded into the new energy vehicle components sector, achieving revenue of 230 million yuan in 2018, representing over 300% growth from 2017 [6] - Key products include high-voltage power busbars and connectors, with partnerships established with leading international manufacturers [6]