As a technical company, Yuneng Technology focuses on the research and development, production and sales of new materials, and its products are mainly used in consumer electronics, new energy vehicles and photovoltaic industries. At present, the company has built three commercial product lines: electromagnetic shielding materials, magnetic cores and functional films. In the iteration cycle, consumer electronics products are 6- 12 months, and new energy vehicle products are about one year.
In the field of electromagnetic shielding materials, Yuneng Technology provides differentiated product solutions for multiple sub-applications such as wireless charging. Taking the wireless charging of mobile phones as an example, it can reduce the loss and ensure greater charging power, making the phone thinner. In the field of magnetic cores, the company's high-performance magnetic core product line has realized the localization substitution of German VAC and Hitachi metal products of international soft magnetic materials companies. For example, the inverter of new energy vehicles can support a maximum current of 800A, and the volume is reduced by 20-30%.
At present, the company's team size exceeds 65,438+000 people, and the total production workshops in Shenzhen and Dongguan reach 7,000 square meters. This year, R&D's investment has exceeded10 million yuan, and it has more than a dozen patents. According to Zeng Zhichao, CEO of Yuneng Technology, the company's revenue this year is nearly 1 billion yuan, and its customers include Huawei, Xiaomi, Samsung, BMW, SAIC and BAIC.
In the development process of several years, how to smoothly enter the supply chain of major customers has always been a headache for Zeng Zhichao.
In order to get the opportunity to test in the customer supply chain, Yuneng Technology keeps polishing its products to make their performance surpass that of foreign giants. On the other hand, adopt a more competitive price strategy. In addition, with the experience of team members in DuPont, 3M and other companies, as well as the help provided by industrial investors, the company's success rate in expanding customers has also improved.
In the trillion-dollar new material market, it covers a wide range and involves many kinds. According to the calculation of Yuneng Technology, in the sub-sectors such as electromagnetic shielding materials, magnetic cores and functional films, the potential market space corresponding to each product line is several billion yuan.
It can't be ignored that under the influence of the epidemic situation in COVID-19 and the complicated national situation, some enterprises in the new materials industry have also suffered certain impacts. Zeng Zhichao bluntly said that some customers originally accounted for a relatively high proportion of the company's revenue, but due to the above factors, the sales of their own products declined, which indirectly adversely affected the company's revenue.
But there is also good news. According to the data of china automobile dealers association Automobile Market Research Branch, the retail sales of new energy vehicles increased by1-1.4 million this year, and the penetration rate reached about 15%, compared with 5.8% last year. It is estimated that the penetration rate will exceed 200 next year. With the increase of market share and penetration rate of new energy vehicles, the company's products for the new energy vehicle industry will also have more opportunities.
Due to the characteristics of the industry, the initial investment in new materials is large. In the next 1-2 years, Yuneng Technology will continue to intensify product research and development to enhance the company's production capacity. In addition, the company is extending its product field from the consumer electronics industry to the new energy vehicle and photovoltaic market, and will also cooperate with customers to explore more new material application scenarios.