It is worth mentioning that Changying Precision’s “machine substitution†has drastically advanced and currently has more than 500 automation teams. By the end of 2016, it had invested more than 1,600 robots and more than 1,200 automation planes. Changying Precision predicts that the demand for robots will be blowout in various industries in the future. The company aims to achieve an annual production capacity of 10,000 robots.
Metal box customer support
In 2016, the total operating income and net profit of Changying Precision were approximately RMB 6.12 billion and RMB 680 million, respectively, a year-on-year increase of 57% and 52% respectively. Before that, the year-on-year growth of 2015 earnings also exceeded 50%.
The annual report shows that the high growth of Changying Precision mainly comes from the continued heavy volume of the CNC metal appearance business. In 2016, the revenue from metal casing business was 4.18 billion yuan, an increase of 79.23% over the same period of last year. Looking from the domestic scope, the metallization rate of domestic mobile phones reaches 33%, and metal casings have been widely used in high-end models. In the next few years, it is still the mainstream appearance structure of the smart phone market.
Specifically, the appearance of metal middle frame + glass or metal middle frame + other materials will become the trend and direction of future development. The metal middle frame (unusual metal frame) products have higher processing difficulty and process complexity than the metal back cover (metal shell) due to strong support, complex structure, and high process difficulty. The market price of the monomer is Common aluminum (alloy) shell structural parts and stainless steel middle frame components price more than 200%. The annual report shows that at the end of 2016, Changying Precision successfully cut into the Samsung Metal Appearance business. Samsung's current mobile phone metal casing penetration rate is only about 20%, 2017 is expected to increase to 60%.
According to IDC data, the global smart phone growth slowed down in 2016, and the shipments of major domestic mobile phone brands like HOV (Huawei, OPPO, and VIVO), Changying Precision's major customers, rose sharply. Among them, OPPO's mobile phone shipments achieved a 120% growth rate in 2016. Expendable model OPPO R9’s market share reached 4% in 2016; VIVO and Huawei’s growth rates were also quite satisfactory, at 101.1% and 21 respectively. %. According to the mobile phone manufacturers' announced 2017 delivery plan, HOV still maintains its upward momentum.
Layout of smart manufacturing and new energy
The three major areas of mold, surface treatment and automation are the core strengths of Changying Precision (Aikey, net worth, and information). The company has been promoting the “Industry 4.0 Strategy†to deploy smart manufacturing in multiple areas. Since 2016, Changying Precision has established Guangdong Tianji and invested in Songqing Intelligent. It also cross-banks mergers and acquisitions of two core chip design companies, focusing on building an intelligent manufacturing platform. In addition, Changying Precision started the R&D and production of hydrogen fuel cells in 2016, laid out related accessories for charging piles, as well as new energy vehicles (Aikey, net worth, information), busBAr and soft connection products.
Specifically, iphone8's waterproof rating has greatly increased the market potential of waterproof materials. The industry anticipates that waterproofing will become an essential feature of mainstream models. Guangdong Fangzhen has been involved in this field for a long time and has become a leading supplier of top customers. In response, Changying Precision actively deployed consumer electronics waterproofing. Fang Zhen, a Guangdong-based firm that has twice cultivated senior waterproofing materials in the second half of 2016, currently holds 51% of its controlling stake.
Following 4G, smart phones are striding forward into the 5G era. Radio frequency band communication technology and wireless charging technology have imposed higher requirements on the anti-electromagnetic interference capability of mobile phone casings. Ceramics will become the main material of mobile phone casings. In February 2017, Changying Precision and Sanhuan Group jointly established a joint venture company in the field of ceramic exterior parts and modules, with a total investment of 8.7 billion yuan and an annual production capacity of over 100 million. The advantage of Changying Precision in CNC machining capacity and customer resources in the mobile phone casing complements the advantages of Sanhuan Group in the ceramic front-end process.
In terms of Industry 4.0, Guangdong Tianji Precision Technology Co., Ltd. established by Changying Precision Co., Ltd. has officially undertaken external automation integration business, transformed the experience accumulated by the company for many years into high-quality products and services, and promoted the sales of the robot body through the output of integrated services. As of the end of 2016, the Changying Precision Automation team exceeded 500 people, and the production efficiency and product yield have been further improved. Changying Precision expects that the demand for robots in various industries in the country will usher in blow-out development in the next ten years, with an annual growth rate of more than 30%. Changying Precision will gradually establish an annual production capacity of 10,000 robots. At the same time, Changying Precision will seek out extension cooperation through the industry merger and acquisition fund to further promote the smart manufacturing industry layout.
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