Overview of LY iTech

As a world-leading smart manufacturing platform, the Group is committed to providing one-stop smart manufacturing services and solutions to customers around the globe. The Group has embedded within its operations upstream materials, midstream precision functional parts and structural parts, and downstream modules, charger and speciality assembly, and thus its products and services cover the entire industry chain of end products and applications in the consumer electronics market. The Group is the leader in the global consumer electronic parts manufacturing industry. According to the Frost & Sullivan Report, the Group is the largest manufacturer of consumer electronics precision functional parts.

In addition to consumer electronics, the Group’s products and services are expanding to the fields of new energy vehicles, clean energy, telecommunications and Internet of Things (or IoT). In particular, in light of the global transition to low-carbon energy consumption, the Group strategically applies its precision manufacturing capabilities to the fast-growing new energy vehicle and clean energy sectors.

The Group has successfully established a multi-centre global presence through an extensive network of production and service sites, R&D centers and sales offices, covering the world’s major regional markets, including Vietnam, Brazil, Turkey, the United States, India, South Korea, and Singapore, in addition to China. 

Meanwhile, the Group has a strong commitment to production innovation and technical advancement, and it has established global R&D systems, namely, in Brazil, Taiwan (PRC), Singapore, India and South Korea. The Group’s scientific R&D system and strong R&D capabilities have supported its product and service innovations, thereby strengthening its leading position in smart manufacturing.

The Group has been persistently adopting a customer-centric servicing philosophy, which is the foundation for its long-term relationships with customers. According to the Frost & Sullivan Report, the Group’s end customers of the consumer electronics business cover all of the world’s top 10 smartphone brands. The Group’s product quality has been highly recognized by leading companies in the industry.

During the Track Record Period, the Group achieved a strong financial performance. The Group’s operating revenue increased at a CAGR of 12.7% from RMB23,915.8 million in 2019 to RMB30,384.5 million in 2021. Its operating revenue increased by 14.1% from RMB21,628.5 million in the nine months ended 30 September 2021 to RMB24,668.8 million in the same period of 2022.