Introduction of Guangdong LY iTECH Co., Ltd
1、 Brief Introduction of Enterprise
Guangdong LY iTECH Co., Ltd.,Founded in 2006.It is a global leading enterprise of precision functional parts and Intelligent Manufacturing in China. In 2018, it was listed on the A-share market (002600), with a market value of more than 100 billion yuan. It is a leading stock in consumer electronics and a 500 enterprise on Fortune, private enterprise and manufacturing enterprise in China. In 2021, the revenue will reach 30.384 billion yuan.
By continuously increasing the research and development of core technologies and cross-border mergers and acquisitions, LY iTECH Co., Ltd. has formed a new development advantage combining high-end materials, precision functional parts, structural parts, modules and complete machine assembly. In the field of high-end materials, it is the largest manufacturer of ferrite magnetic materials for motors and the second largest manufacturer of permanent magnet ferrite materials in China. In the field of precision small parts, it has the strongest full process capability of die cutting, stamping and CNC in the whole industry. It is the world’s largest supplier of precision small parts, accounting for more than 50% of the market share. In the field of charger and competitive products assembly, its Salcomp is the world’s largest charging equipment manufacturer, and also the world’s leading supplier of charging modules and optoelectronic modules. In the field of compelete machine manufacturing, through the acquisition of Zhuhai Flextronics, a world-class OEM enterprise, it has comprehensive SMT and FATP capabilities. It takes only 45 days from the customer business award to the first machine output, which is significantly ahead of the industry average.
By integrating the advantageous resources of more than 50 manufacturing bases and R & D centers around the world, LY iTECH has built a complete industrial chain of materials - precision parts - structural parts - module assembly - complete machine assembly. Through getting through the customer channels of each business sector, LY iTECH can realize the deep integration and sharing with each feilds, and become the strategic partner of the global mainstream 3C brand. In the future, LY iTECH will continue to break through the existing business boundary, further expand the business layout, and become China’s leading international and domestic dual cycle intelligent manufacturing platform of the complete industry chain with the collaborative development of upstream and downstream, multiple categories and multiple regions.
2、 Basic business data and tax payment in recent years
In 2021, the operating income was 30.384 billion yuan, a net profit of 1.180 billion yuan attributable to shareholders of listed companies, and a total tax payment of 1.076 billion yuan. The basic operating data of the company in the last three years are as follows:
3. R & D investment and patent level of the company
Technological innovation is the leading force to promote the economic growth of enterprises and the fundamental way out for the development of enterprises. A certain amount of R & D investment is the inevitable choice for enterprises to achieve technological innovation. The company attaches great importance to R & D investment, which has been increasing in recent years. In 2021, the company’s R & D investment was 1.937 billion yuan, accounting for 6.38% of the operating income; In 2020, the R & D investment was 1.82 billion yuan, accounting for 6.47% of the operating income.
In terms of patents, as of December 31, 2021, the company had 2018 domestic valid patents.
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