According to the announcement, in 20 19, as the industry entered a new stage of development, Lance Technology successfully achieved a booming production and sales, and all kinds of high-tech threshold core products won the trust and support of the world's famous brand customers, expanding the market share of sub-industries. At the same time, with the advantages of strong R&D and innovation reserve capacity, advanced technology level, advanced intelligent manufacturing production line, profound industry resources and brand reputation, the company has made phased achievements in corporate governance, management and production methods, resources and production efficiency, customer and product structure, cost and asset structure, and the production efficiency, product yield and comprehensive cost control of each park have been significantly improved. In addition, the company has achieved high-speed and high-quality growth in high-end smart cars, smart home appliances and other business sectors. The company's operating income achieved steady growth, and the net profit attributable to shareholders of listed companies increased substantially year-on-year, successfully completing the annual breakthrough growth target.
R&D-driven innovation and development have significant core competitive advantages.
According to public information, Lance Technology (300433. SZ) was established in 2003 and listed on the Growth Enterprise Market of Shenzhen Stock Exchange on 20 15. It is a pioneer and leader in the global consumer electronics window and appearance protection components industry, and its customer base has covered many well-known and excellent brands at home and abroad, such as Apple, Samsung, Huawei, Xiaomi, OPPO, vivo, Tesla and Amazon. At the same time, having so many high-quality customer groups is inseparable from the company's leading technical level in the industry. With the continuous and stable investment in technology research and development, as well as the mature technical personnel training mechanism, the company has made the R&D team continue to grow and make breakthroughs in R&D innovation. At the same time, the company is a leader in appearance innovation in the consumer electronics industry. For the first time, glass screens were introduced into high-end smartphones and tablets, ceramics and sapphire materials were applied to mobile phones and smart wearable devices for the first time, and 3D glass was applied to mobile phones for the first time. Excellent R&D team and steady R&D investment ensure the continuous expansion of the company's core technological advantages and the accumulation of experience. By the end of June, 20 19, the company had obtained 1404 patents, including 100 invention patents, 1223 utility model patents and 8/kloc-0 design patents.
In recent years, with the continuous innovation of the company's products and the investment of R&D achievements, the company's production line has been continuously transformed into intelligence and information, and the production efficiency and product yield have also been continuously improved. Mature, efficient and fast R&D and production capacity can fully meet the needs of major brand customers for new product trial-production and rapid mass production after finalization. The following is the detailed data of the R&D expenses of Lance Technology:
Tesla promotes the continuous maturity of the domestic industrial chain, and the core suppliers of in-vehicle electronics will benefit.
With high research and development and continuous technological innovation in the field of consumer electronics, Lance Technology has successfully expanded from consumer electronics business to smart car business. According to the reply given to investors by the Director-General of Lance Technology in Shenzhen Stock Exchange, the company has established long-term and stable strategic cooperative relations with many international high-end automobile brand manufacturers and high-end new energy automobile manufacturers, including Tesla, and is the main core tier 1 supplier of the global supply chain of world-renowned new energy automobile brand manufacturers.
Song Gang, manufacturing director of TSLA. The Shanghai factory in the United States said in an interview that the localization rate of parts and components of off-line vehicles in Tesla Shanghai factory has reached 30%, reaching 80% in mid-2020, and will be fully localized by the end of the year. As soon as this news came out, domestic suppliers were boiling, eager to try and constantly apply to join Tesla's supply chain system. Some industry analysts said that the localization of Tesla's supply chain will further promote the maturity of the domestic new energy vehicle supply chain, and then drive the domestic automobile manufacturer by going up one flight of stairs to achieve overtaking in corners.
According to Tesla's announcement data, the annual delivery volume in 20 19 reached 367,500 vehicles, an increase of about 50% year-on-year. With the completion and commissioning of the second phase of the Shanghai plant, the domestic production capacity alone will reach 500,000 vehicles/year, and new models such as Model Y will be introduced one after another. It is expected that the delivery volume will enter a new round of high-speed growth in the next few years. At present, Lance Technology has gained a major share in Tesla's best-selling models and become the core supplier of its control screen. I believe that in the future, with the company's years of accumulation in the field of consumer electronics, it is expected to follow Tesla to a new level in the field of automotive electronics, and further cut into other international mainstream vehicle brands from Tesla, laying a good foundation for the company's future growth.
Overseas institutions intensively investigate the continuous high-growth inflow of northbound funds.
According to the central clearing record of Shanghai-Shenzhen-Hong Kong Stock Connect, since May 19, Northbound Capital has continuously bought Lance Technology. As of June 16, 2020, Shanghai-Shenzhen-Hong Kong Stock Connect * * held 98.72 million shares of Lance Technology, and on May 17, it was 2,065,438 *. Foreign capital continues to be optimistic about lance technology. The following is a line chart of the number of shares held by Shanghai, Shenzhen and Hong Kong Stock Connect.
Pacific Securities pointed out that Lance has accumulated profound experience in shell materials such as glass, ceramics, sapphires and plastics, and has also made great achievements in terminal fields such as mobile phones, wearables and automobiles, and its core competitiveness is self-evident. In the past two years, Lance has made a large-scale contrarian investment in new research and development, new technology and new process. In this pattern, the competitive advantage of Lance is expanding rapidly, and the dependence of downstream brand core products on Lance's design and production is also increasing. We continue to be optimistic about the sustainable growth of Lance Technology and give a buy rating.
Source: Global Fortune Network