1. Leading position in the industry: Xingdesheng Technology (Suzhou) Co., Ltd. is an industry leader in the field of micro motors and related products, especially in the vacuum cleaner market segment, with a high market share. According to According to the company's 2021 data, more than 25% of household vacuum cleaners nationwide use micro motors produced by Xingdesheng. Xingdesheng has been widely recognized by the market in terms of technology and product quality.
2. Strong customer base: Xingdesheng’s customer base covers many well-known domestic and foreign brands, including Bissell, Shark, TTI, Electrolux (Electrolux), Black & Decker, Panasonic, Hitachi, Philips, LG, Midea, Delma, Ecovacs, Xiaomi, Stone Technology, etc. The choices of these customers prove that Xingdesheng’s products and services have strong market competitiveness and Brand influence.
3. Stable financial condition: Xingdesheng’s financial condition shows good profitability and growth. The company’s main business income and net profit from 2020 to 2023 have shown stable growth. Trend, in the first quarter of 2024, the company expects that both operating income and net profit will achieve year-on-year growth, demonstrating the company's good operating efficiency and profitability.
4. A vacuum cleaner is a cleaning tool, mainly used to absorb dust and debris from the floor, furniture surfaces and other objects.