In recent years, with the gradual recovery of the market, the opportunities brought by the era of the Internet of Everything, the development of emerging markets and other favorable factors, the growth prospects of the ODM industry are still widely optimistic. At the same time, with the maturity and growth of the industrial scale, major leading ODM manufacturers have launched listing plans, such as Huaqin Technology and Longcheer Technology are planning to be listed on the main board of the Shanghai Stock Exchange. These leading enterprises are in line with the characteristics of "mature business model, stable operating performance, large scale and industry representativeness" as described by the blue chips of the main board.
As a representative enterprise in the ODM industry, Longcheer Technology conforms to the industry trend, not only consolidates and expands the market position and market share in traditional ODM categories such as smartphones and tablets, but also becomes a trusted partner of smart product brands and technology enterprises in the field of AIoT products such as smart watches, AR VR, TWS headsets, etc., and explores product innovation and research with customers to continuously expand the boundaries of ODM business.
Since 2020, Longcheer Technology has built a "1+Y" development strategy, that is, with smart phones as the core, it has simultaneously expanded and extended to tablet computers, wearable XR, TWS, automotive electronics and other fields, and at the same time gave full play to the company's product development and design capabilities, rapid and large-scale manufacturing capabilities, first-class chain management and domestic semiconductor industry incubation capabilities. One-stop service ODM technology companies such as product production and large-scale delivery can improve their forward-looking and differentiated category building capabilities while consolidating business scale development, and contribute greater value to the market.
In addition, Longcheer Technology has built intelligent product manufacturing centers in Huizhou and Nanchang, and has deployed overseas manufacturing centers in India, Vietnam and other places. Through the accumulation of long-term production experience and technology iteration and innovation, the company has accumulated precision assembly technology, automated production line design technology, intelligent testing technology and flexible production and rapid changeover technology, and promoted the in-depth development of the production center in the direction of intelligent manufacturing, testing automation and flexible production capacity.
It is not difficult to see that for the first-line ODM manufacturers that have developed into a platform, their contribution to the domestic semiconductor and mobile phone industry chain cannot be ignored. We also expect Longcheer Technology to accelerate its progress towards intelligent manufacturing and more effectively promote the localization of the mobile phone and semiconductor industry chain.