Business summary
Zhifeng Industrial Electronics Group was founded in 1983 as an electronics manufacturing service provider specializing in the manufacture and sale of customized industrial electronic parts and products. Its headquarters is in Hong Kong and its production facilities are located in Nansha District, Guangzhou, Guangdong Province, China. It mainly provides comprehensive services to customers, from purchasing raw materials and manufacturing to product delivery. At the product design and development stage, the Group also provides customers with technical consulting and engineering solutions. The Group's original equipment manufacturer products include mechanical and electrical products, power switches, and smart chargers, power supplies, and smart chargers. It is generally used in various industrial electronic equipment.
Competitive advantage
Specializing in manufacturing industrial electronic parts and products, so that the group has a higher profit contribution than electronic manufacturing service providers in the consumer industry
Establish long-term stable business relationships with major customers, most of which are world-renowned manufacturers and sellers of industrial electronic products
Risk Factors
During the performance recording period, the Group's five largest clients accounted for more than 70.0% of total business revenue
Some of the Group's leased property rights or use rights in China are defective, or the Group's existing production base in Nansha District may have to be transferred
Fluctuations in raw material prices may have an impact on the Group's sales costs and adversely affect business operations and profitability
Use of proceeds
Approximately 74.8% was used to further improve production efficiency and expand production capacity
Approximately 10.3% was used to establish offices in Dublin, Ireland and Paris to expand the customer base
Approximately 10.3% was used to establish a strategic talent office in Guangzhou
Approximately 4.6% is used for general working capital