Yidong Electronics is rich in high-quality customer resources, developing multi-category tracks and realizing business innovation.

In recent years, smart phones, 5G communication, wearable devices, smart homes, new energy vehicles and other popular electronic products. All of them show a rapid development trend, which puts forward higher requirements for the production and manufacture of electronic components such as FPC, connector components and LED backlight modules used in various electronic products, and brings opportunities and challenges to the domestic precision electronic component manufacturing industry. In this context, the domestic precision electronic component manufacturing industry has developed rapidly, and a number of large-scale high-end electronic component manufacturing enterprises with precision manufacturing as the core have emerged.

As one of the advanced manufacturers of precision electronic components in China, Yidong Electronic Technology Co., Ltd. (hereinafter referred to as "Yidong Electronics") continues to focus on R&D, design, production and sales of precision electronic components. In terms of performance, Jidong Electronics' revenue and net profit continued to grow, and its return on net assets and gross profit margin of its main business segments were higher than the industry average, with outstanding profitability. Yidong Electronics has been deeply involved in the field of precision electronic components for more than 20 years. From mastering the core technology of precision mold design and manufacturing to forming supporting production capacity such as precision stamping, precision injection molding, surface treatment, assembly, testing and inspection, it has formed competitive advantages in technological innovation, products, comprehensive supporting production management and customers.

First, the net profit of revenue increased year by year, and the return on net assets and gross profit margin of main business segments were higher than the industry average.

According to the prospectus, Jidong Electronics is a high-tech enterprise mainly engaged in the production and sales of precision electronic components such as R&D, FPC, connector components and LED backlight modules, and its sub-industry is the precision electronic components industry.

In recent years, the operating income and net profit of Yidong Electronics have increased year by year.

According to the prospectus, in the two months of 20 18-2020 and 202 1 19, the operating income of Yidong Electronics was 992 million yuan,10.55 million yuan,10.75 million yuan and/respectively.

In the same period, the net profit of Yidong Electronics was RMB 45 million, RMB 65.438+RMB 33 million, RMB 65.438+RMB 84 million and RMB 65.438+RMB 43 million, which increased by 654.38+0.26% and 78.59% respectively from 2065.438+09 to 2020.

It can be seen that from 20 18 to 2020, the operating income and net profit of Yidong Electronics will increase year by year.

At the same time, the asset-liability ratio of Yidong Electronics is decreasing year by year, and it is lower than the industry average.

From 20 18-2020 to 2002 1-9, the asset-liability ratio of Yidong Electronics was 62.27%, 47.07%, 38. 14% and 36.69% respectively.

In the same period, the comparable companies of Yidong Electronics in the same industry are Shenzhen Wangjing Electronics Co., Ltd. (hereinafter referred to as Wangjing Electronics), angeli Industry Co., Ltd. (hereinafter referred to as angeli Industry), Guangdong Junya Electronic Technology Co., Ltd. (hereinafter referred to as Guangdong Junya), Xiamen Hong Xin Electronic Technology Group Co., Ltd. (hereinafter referred to as Hong Xin Electronics), Shenglan Technology Co., Ltd. and Dongguan Ding Tong Precision Technology Co., Ltd. (hereinafter referred to as Ding Tong Precision). Shanghai Lyme Electronics Co., Ltd. (hereinafter referred to as Lyme Shares), Shenzhen Chang Ying Precision Technology Co., Ltd. (hereinafter referred to as Chang Ying Precision), Wei Zhi Holdings Co., Ltd. (hereinafter referred to as Wei Zhi Holdings) and Jiangxi Lianchuang Optoelectronic Technology Co., Ltd. (hereinafter referred to as Lianchuang Optoelectronic). The average asset-liability ratios of Shenzhen Longli Technology Co., Ltd. (hereinafter referred to as Longli Technology) and Shenzhen Antarctic Optoelectronic Technology Co., Ltd. (hereinafter referred to as Antarctic Light) are 48.09%, 47.63%, 48.56% and 46.65% respectively.

In addition, in the two months of 20 19-2020 and 202 1 19, the weighted average return on equity of Yidong Electronics was also higher than the average level of comparable companies in the same industry.

From 2018 to 2020 and from 20021to1-September, the weighted average return on equity of Yidong Electronics was 7.56%, 20.02%, 24.72% and 15.84% respectively.

In the same period, the average weighted average return on equity of comparable companies in the same industry of Yidong Electronics was 65,438+06.06%, 65,438+02.73% and 65,573% respectively.

Return on net assets is the core index reflecting the profitability and management level of enterprises. The higher the index value, the higher the return from investment. Since 20 19, the weighted average return on net assets of Yidong Electronics has been significantly higher than the average level of comparable companies in the same industry, highlighting its investment value.

In addition, the gross profit margin of the main business segments of Jidong Electronics is also higher than the average level of comparable companies in the same industry.

According to the prospectus, from 20 18 to 2020, the gross profit margin of Jidong electronic FPC is 24. 14%, 25.42% and 27.87% respectively. In the same period, the average gross profit margins of comparable companies in the same industry of Yidong Electronic FPC were 24.32%, 23.98% and 265,438+0.08% respectively.

According to the prospectus, from 20 18 to 2020, the gross profit margin of Jidong electronic connector components was 30.4%, 36.59% and 38.38% respectively. In the same period, the average gross profit margins of comparable companies in the same industry are 30.35%, 365,438+0.14% and 29.69%, respectively.

According to the prospectus, from 20 18 to 2020, the gross profit margin of Jidong electronic LED backlight module is 28. 12%, 28.09% and 26.75438+0% respectively. In the same period, the average gross profit margins of comparable companies in the same industry were 265,438+0.93%, 65,438+06.07% and 65,438+04.58% respectively.

It can be seen that from 2019 to 2020, the gross profit margin of each main business segment of Yidong Electronics is higher than the average level of comparable companies in the same industry, with outstanding profitability.

Second, we attach great importance to technological research and innovation, and have accumulated a number of core technologies in various fields.

As a national high-tech enterprise, Yidong Electronics has been adhering to the attitude of Excellence since its establishment, attaching importance to technology research and development, and insisting on R&D investment and technological innovation.

In terms of R&D investment, in recent years, the R&D expense ratio of Yidong Electronics has remained above 6%, which is higher than the average level of comparable companies in the same industry.

In the months of 20 18-2020 and 20021+0-September, the R&D expenses of Yidong Electronics were 76.5907 million yuan, 66.5796 million yuan, 743 1.200 yuan and 72.7996 million yuan respectively.

In the same period, the average R&D expense rates of comparable companies in the same industry of Yidong Electronics, such as Hong Xin Electronics, Guangdong Junya, Wang Jing Electronics, angeli Industry, Lyme, Shenglan, Ding Tong Precision, Chang Ying Precision, Wei Zhi Holdings, Lianchuang Optoelectronics, Longli Technology and Antarctic Light, were 4.99%, 4.98%, 5.38% and 5.73% respectively.

In terms of technological innovation, Yidong Electronics always adheres to the strategy of combining product R&D innovation with manufacturing process innovation, and regards technological R&D innovation as an important driving force for long-term healthy development. On the one hand, Yidong Electronics constantly innovates and optimizes existing technologies to improve product performance; On the other hand, Yidong Electronics predicts the development of this industry according to the development trend of downstream fields and makes technical reserves in advance.

Through continuous innovation and optimization of existing technologies, Yidong Electronics has accumulated a number of core technologies in many fields.

First of all, in terms of FPC, Yidong Electronics has a number of core technologies such as the development technology of digital and mobile phone battery protection board FPC, digital and mobile phone peripheral FPC technology. In particular, the patented technology of "one-time flexible circuit bridging process" has broken through the limitation of equipment. The ends of two FPCs can be seamlessly connected without any devices, which can make the length of FPC products exceed 2 meters and ensure the high reliability of functions.

At the same time, Yidong Electronics independently developed the automation equipment and technology for FPC production, which improved the product precision and quality yield, and then formed the core competitiveness.

Secondly, in terms of connector components, Yidong Electric has technologies such as precise mold development, flexible assembly and production, automatic assembly of SFP components, 360-degree automatic welding of SFP components, high-speed stamping and automatic continuous injection molding of SFP signal pins, and high-speed stamping of connector terminals. In particular, Yidong Electronics successfully developed and broke through the core technology of high-reliability liquid crystal terminals, obtained invention patents, solved the high reliability of the connection between terminals and liquid crystal displays in harsh environments, and broke the market situation in which foreign companies monopolized such products.

Thirdly, in terms of precision die development and stamping technology, the technology of "key technology development of precision high-speed progressive die and its application in IT industry" developed by Yidong Electronics won the third prize of Guangdong Science and Technology and the first prize of Dongguan Science and Technology. Appraised by Guangdong Science and Technology Department, this technology has reached the domestic leading and international advanced level, with obvious technical advantages.

Finally, in terms of LED backlight module products, Yidong Electronic System has studied many technologies such as outdoor application backlight, vehicle backlight, small and medium-sized backlight and abnormal display backlight, and independently developed high uniformity technology (surface uniformity), high brightness enhancement technology, vehicle narrow bezel technology and vehicle die-casting structure development technology, which effectively improved its related technologies and product advantages in the backlight field.

At the same time, Yidong Electronics has also developed the related manufacturing technologies of LED backlight module, including the core technologies such as the ejection-free structure technology of automobile backlight injection mold and the development and processing technology of composite points, and established its own unique technical advantages in the fields of mold, stamping, injection molding and light guide plate optics, which played a key role in improving product performance, quality and high reliability. Among them, the technology of "research and industrialization of high uniformity and ultra-thin light guide plate and mold technology" developed by Yidong Electronics won the second prize of Dongguan Science and Technology.

The above technologies have outstanding competitive advantages in the industry and are at the leading level in the industry, and Yidong Electronics has continuously invested in technological innovation, which has greatly improved product competitiveness, production capacity and production efficiency. As of September 30th, 2002 1 year, Yidong Electronics has obtained a total of 133 patents, including 13 invention patents,/kloc-0 utility model patents and/kloc-0 design patents.

On the other hand, the R&D team of Yidong Electronics predicts the future development direction and technology of downstream industries in combination with customer needs, actively lays out new R&D directions, reserves technology in advance, and maintains the forward-looking and advanced nature of R&D technology.

On the basis of attaching importance to innovative research and development, Yidong Electronics actively seeks technical cooperation with domestic universities, and has established a good "Industry-University-Research-oriented" cooperation system with universities such as South China University of Technology and Suzhou University. With its advanced technological innovation ability, Yidong Electronic Technology R&D Center has been rated as "Guangdong Engineering Technology R&D Center", "Provincial Enterprise Technology Center", "Dongguan Engineering Technology R&D Center" and "Dongguan Enterprise Technology Center" for many years, with obvious technological innovation advantages.

Third, develop multi-category track, realize business innovation, and the three business sectors develop together to form a unique competitive advantage.

Innovation is the first driving force for development. Yidong Electronics uses the existing technology to expand new application fields on the basis of the original products, tap the new needs of major customers, enter new market segments, and realize business innovation.

On the basis of mastering the design and manufacture of precision molds, the liquid crystal terminal products developed and produced by Yidong Electronics have become irreplaceable parts in the liquid crystal display industry, occupying a leading position in the industry, and accordingly entered the field of LED backlight modules and successfully developed another kind of track.

At the same time, Yidong Electronics also cooperated with Amphenol Company (hereinafter referred to as "Amphenol") by virtue of precision mold design, manufacturing and stamping technology, and cooperated with them to develop the first SFP module product, which entered the field of high-speed connectors and formed a series of products, and entered the supply chain of mainstream global communication equipment manufacturers.

On the basis of the success of consuming FPC business, Yidong Electronics has expanded the application field of FPC, developed the first power battery management system FPC in the industry together with leading enterprises of new energy vehicles, and extended it to the whole new energy vehicle industry, successfully entering the supply chain of automobile main engine plant.

Through the cooperation of different products and the innovative development of multiple formats, Yidong Electronics has realized the innovative integration of formats among FPC, connector components and LED backlight modules, thus improving production efficiency, reducing production costs and forming its own unique competitive advantage.

In terms of sales coordination, the three business segments of Yidong Electronics cooperate with each other to maximize the use of key resources such as customer resources. According to the demand of the same customer for different products, an integrated customer sales solution is formed to realize the collaborative sales of related products of the same customer, so as to maximize sales, build new customer relationships, form competitive barriers and block competitors.

For example, Jidong Electronics provides FPC and precision structural parts for BYD Co., Ltd. (hereinafter referred to as "BYD") and Goer Co., Ltd. (hereinafter referred to as "Goer"); We provide LED backlight module, LCD connector and FPC for Guangdong Shantou Ultrasonic Electronics Co., Ltd. (hereinafter referred to as "Ultrasonic Electronics") and Xinhuikai Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Xinhuikai"), and provide customers with integrated solutions for various products.

In terms of technical cooperation, Yidong Electronics' FPC, connector components and LED backlight module products combine technologies and processes such as mold design and manufacturing, precision stamping, precision injection molding, integration of hardware and plastics, surface treatment, supporting assembly and inspection, and have the capability of technical research and development and scheme design of multi-category products, which can provide collaborative technical support for three types of products at the same time, and design the optimal product process route according to customers' differentiated technical needs to better meet and solve customers' multi-category product needs.

In terms of production cooperation, Yidong Electronics has formed a comprehensive supporting production mode in the whole process, that is, according to the process design route and technical requirements of products, in the core processes such as mold design and manufacturing, precision stamping, precision injection molding, surface treatment, supporting assembly, inspection and testing, equipment and personnel are independently invested in the whole process, and the effective connection of various production processes is rationally utilized and organized, so as to improve the overall production capacity of products and quickly respond to customer needs.

Four, three significant advantages to ensure the competitiveness of products in the market, to ensure sustained profitability.

After years of accumulation, the products of Yidong Electronics have obvious advantages in the design and manufacture of precision molds, production technology and quality control.

Advantages of precision mold design and manufacturing: In the development of more than 20 years, Yidong Electronics has accumulated rich experience and a large amount of data in precision mold design and manufacturing, formed a mold design and development database, and trained a professional mold design and manufacturing team with profound technology precipitation.

On the one hand, in the development and design of precision molds, Yidong Electric has a variety of 2D and 3D mold design software and a large number of general design software, and independently developing molds and fixtures can improve the speed and accuracy of mold design. On the other hand, in the aspect of precision mold processing, the processing accuracy of large-scale molds of Yidong Electronics is at the leading level in China, with the processing accuracy of mold parts reaching 0.002mm, the processing accuracy of key positions reaching 0.00 1mm and the surface roughness reaching Ra0.02.

In addition, Yidong Electronics has the ability to shorten the mold opening cycle while ensuring the mold accuracy, and can quickly respond to customer needs, provide better product design scheme, higher production efficiency and low-cost process scheme, and provide customers with more convenient and perfect services.

In terms of production process advantages, Yidong Electronics is one of the few enterprises in the industry that can provide full-process manufacturing, with complete supporting facilities and production processes, covering mold design and manufacturing, precision stamping, precision injection molding, surface treatment, assembly, testing and inspection. After years of operation and accumulation, Yidong Electronics has formed a scientific and efficient production process system, which can improve production efficiency and reduce production difficulty on the premise of ensuring product quality.

At present, the accuracy of FPC produced by Yidong Electronics can reach 0.04mm, which can meet the design and production needs of customers with different product structures, improve product quality, ensure product safety and shorten delivery time. At the same time, the flexible assembly production process independently developed by Yidong Electronics can quickly switch to produce different types of parts, and its production line has strong adaptability and can quickly meet flexible and diverse production needs.

In terms of quality control advantages, Yidong Electronics has established a perfect quality management system and whole-process quality management procedures to fully guarantee product quality.

At present, Yidong Electronics has passed the ISO 900/KOOC-0/:20/KOOC-0/5 quality system, ISO/KOOC-0/400/KOOC-0/:20/KOOC-0/5 environmental system, IATF/KOOC-0/6949: 20/KOOC. T29490-20 13 intellectual property management system and other system certifications, GB/T2300 1-20 17 integration (informationization and industrialization) system certification, UL certification and product safety certification, to meet customers' requirements for product quality with high standards and win customers' trust.

On the basis of the above, Yidong Electronics independently developed a high-speed precision stamping and rapid die changing technology system, with more than 10000 kinds of LCD terminals and 1000 kinds of SFP module products, which can meet the diversified and personalized needs of customers and enhance their stickiness. For more than 20 years, Yidong Electronics has firmly occupied the leading position of LCD terminal products, and its products have been stably used in high-end fields such as automobiles, medical care, ships and aviation, and have long-term stable profits.

In terms of FPC products, Yidong Electronic Consumer FPC has been widely used in Samsung, Huawei, Apple, Xiaomi, vivo mobile phone terminals, occupying an important market position in consumer FPC market segments such as battery protection boards. Yidong Electronics and * *, the leading enterprise of new energy vehicles, jointly developed the industry's first power battery management system FPC, and extended it to the whole new energy vehicle industry, with obvious product advantages.

In terms of LED backlight module products, Yidong Electronics has long-term cooperation with important customers in the display industry. Because of its excellent quality and high reliability, its products have been widely and stably used in automobiles, medical care, industrial control, handheld terminals and other equipment, and the market demand has steadily increased.

Advantages in precision mold design and manufacturing, production technology and quality control ensure the market competitiveness of Yidong electronic products and have a good market reputation, thus ensuring the sustainable profitability of Yidong electronic products.

Fifth, we have high-quality and stable customer resources, and the abundant orders in our hands help to stabilize business development.

Yidong Electronics has been deeply involved in the field of precision electronic components for more than 20 years. After years of quality optimization and brand building, it has accumulated a large number of high-quality customer resources and established good customer cooperation relations with them. Its products focus on consumer electronics, communications, new energy, automotive electronics, industry and medical care.

Relying on the high-quality and international marketing team, most of the technologies and products of Yidong Electronics serve the world's top 500 or well-known enterprises in the industry, covering many countries and regions such as Asia, America and Europe. The main customers of Yidong Electronics have the characteristics of good reputation, large scale and strong strength, and the customer resources are of high quality.

In the field of FPC, Yidong Electronics has entered the supply chain of five major mobile phone terminal brands (Samsung, Huawei, Apple, Xiaomi, vivo) and well-known new energy automobile industry companies such as BYD and Contemporary Ampere Technology Co., Ltd. New Energy Technology Co., Ltd. ..

In the field of connector components, five of the top 15 connector manufacturers in the world are the main customers of Yidong Electronics, including Tyco Electronics, Amphenol, Molex LLC, Luxshare Industrial Co, Ltd. and Samtec Inc The main end customers include Cisco, Hewlett-Packard, Ericsson and other global mainstream communication equipment manufacturers.

In the field of LED backlight module, Yidong Electronics has become the core supplier of well-known manufacturers such as tianma microelectronics Co., Ltd., Yashi Optoelectronics Co., Ltd., Xinhuikai, Ultrasonic Electronics, Kang Hui (Huizhou) Semiconductor Co., Ltd., and its main end customers include Toyota, Panasonic, Nissan, Canon, Philips, Volkswagen, Mercedes-Benz, BMW, Hyundai, Mitsubishi, Toshiba, DJI, Gree, Siemens and Bosch.

It is worth mentioning that there are barriers to customer certification in the precision electronic parts manufacturing industry. Downstream manufacturers not only have a long certification period for suppliers, but also have certain requirements for suppliers' production qualifications, research and development capabilities, production equipment, production capacity scale, production experience and product quality. At the same time, due to product quality, production and operation stability and other factors, large downstream manufacturers generally do not easily change suppliers, thus forming a long-term and stable cooperative relationship with upstream enterprises.

High-quality customer resources help Yidong Electronics to operate and develop steadily. With its strong market competitiveness and good market reputation, Yidong Electronics has also established cooperation with more new high-quality customers to ensure the long-term and sustainable development of its business.

Judging from the in-hand orders, Yidong Electronics' in-hand orders continue to grow.

In the two months of 20 18-2020 and 202 1 and 1-9, the on-hand orders of Yidong Electronics at the end of each period were1430,000 yuan,1430,000 yuan,1680,000 yuan and respectively. Especially at the end of September, 20021year, the order scale of Yidong Electronics increased by 59.79% compared with the end of 2020.

In the future, based on the precision electronic components industry, Yidong Electronics will continuously improve product quality and R&D capabilities, expand production scale, strengthen brand, marketing and key customer strategies, vigorously increase market share, become a leader in each segment, and strive to become the world's leading supplier of total solutions for precision electronic components.