Chinese companies have won 40 million orders, or become the largest business of Korean enterprises?
As the global smartphone market continues to grow, some companies with strong technological strength stand out and occupy the majority of the smartphone** chain. Wintech is a leader in this area.
Wintech is a world-renowned ODM company with extensive experience in the development and manufacturing of smartphones. However, with the slowdown in the smartphone market, WinTech has also been affected to some extent. As a result, the company turned its attention to other areas, such as the optical module lenses that it initially acquired from Ophiophoton.
However, it was the same company that announced last year that it would stop supplying certain customers, and although it didn't say it explicitly, it was clearly referring to Apple. In a way, that doesn't mean it's in Apple's chain. But fortunately, Wintech is not very dependent on Apple, so losing this customer will not be a problem for it. There's also good news for getting rid of dependence on Apple products.
South Korea's Samsung Electronics announced an ODM contract for 2024 some time ago, as a result of which WinTech will receive more than 40 million yuan in revenue. This also means that WinTech once again occupies a large market share in Samsung Electronics' ** chain. As of 2022, Wintech has received another 40 million orders from Samsung. But then, that number dropped. And now, with another 40 million orders, it has become the South Korean company's largest ODM manufacturer.
This is undoubtedly positive for WinTech.
While the decline in Apple's shipments had little impact on the company's revenue, profits remained the same. In addition, sales of smartphones were not very good, so Hantech had to find a way to expand its business. Unexpectedly, Hantech gave them such a big gift, which is undoubtedly good news for them.
Now that the sales of smartphones have taken off, coupled with the strength of WinTech, we will receive orders sooner or later. So I think that's definitely a good thing for wintech.
However, it is still worth reflecting on the fact that the Korean company has placed such a large order again. In the past, South Korean companies have relied on orders from Chinese companies to keep ** down. In other words, they use the ** of domestic enterprises to depress their own. When they become strong enough, they are likely to evict these irrelevant customers. Therefore, the author believes that if you win such an important contract, you should not be completely unlucky.
Diversified companies and diversified ** chains cannot rely on just one company. Therefore, we must heed the warnings of ** in order to avoid problems in certain areas.
Why do you think Samsung is placing more orders this time? Is this another signal from Samsung to the mainland market? Please comment, like and share this topic!