Lance Technology is an ODM head company of smart phone glass cover and smart car protection functional components, covering three core business architectures: mobile phone, wearable device and automotive electronics.
At present, the company's main products are the appearance and structure of high-end products such as glass, precision metal, sapphire, precision ceramics, touch control, modules, biometrics, and the production, matching, integration and assembly of functional components.
Mainly used in: smart phones, smart wearable devices (smart watches, bracelets, glasses, headphones), tablet computers, notebook computers, all-in-one machines, smart cars, smart medical equipment, smart home appliances and other fields.
In terms of products, the revenue share of small and medium-sized protective glass of Lance Technology has remained at about 70% of the total revenue in the first three years, but it has dropped to 66.27% in 2020, and the proportion of large-sized protective glass in its revenue has increased from 10%- 12% to 15.25%.
The company's core competitiveness is mainly reflected in: rich global high-quality customer resources to grasp the forward-looking layout of the industry, leading scientific and technological innovation ability and technical level to create value for customers, stable team and scientific and efficient lean management to promote sustainable development, multi-field core parts industry chain to drive vertical integration strategy, leading intelligent manufacturing and automation level to improve rapid proofing and mass production capacity.
It is worth mentioning that last year, Lance acquired two companies, Kesheng and Keli. Both companies are suppliers of Kecheng Technology, which started with aluminum alloy die casting and then entered Apple's supply chain. It goes without saying that the final customer of this acquisition refers to Apple, and this acquisition also means that Lance Technology officially took over the metal case and related assembly business of Apple's domestic mobile phone.
Lance Technology's main business is processing small parts of glass, sapphire, ceramics, plastics and metals, and has upstream and downstream business relations with Kesheng Taizhou and Keli Taizhou. "Through this transaction, it will lay the foundation for the company to further expand its business to the downstream supply chain.
Generally speaking, the current products of Lance Technology are mainly used in consumer electronics, automotive electronics, medical electronics, smart home and other fields, and have established good cooperative relations with many well-known mobile phone manufacturers, Tesla and other enterprises.