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瀛通通讯(002861)新股询价报告

Yingtong Communications (002861) IPO Quotation Report

華鑫證券 ·  Mar 24, 2017 00:00  · Researches

  Company profile

The company focuses on R&D, production and sales of various electroacoustic products, data cables and other communication cables represented by fine communication cables for headphones. The products are mainly used in the fields of mobile communication terminal products, personal computers, audio and video playback equipment and other smart terminal products. The company's fine communication cable products for headphones have an advantage in the industry. The company's products have been successfully applied to the products of top US consumer electronics brand manufacturers and internationally renowned terminal brand manufacturers such as Sony, Nokia, and Samsung, and has become one of the main suppliers of electroacoustic accessories for some customers.

Company highlights

(1) The company's long-term cooperative relationships with industry-leading enterprises and many internationally renowned customers have formed the company's customer advantage. Both direct and end customers facing the company have very strict requirements for certification procedures for qualified suppliers. It usually takes more than one year to pass certification. Through long-term stable operation, the company has established a good reputation in the field of communication cables and consumer electroacoustic products, established stable cooperative relationships with many large customers, and entered the supply chain of internationally renowned brand customers such as Apple, Sony, Nokia, Samsung, and Vivo.

(2) The company has flexible manufacturing capabilities in multiple varieties and batches. It can produce a variety of communication cables, connecting wires and semi-finished headphone products. Customer orders can be absorbed and digested quickly. From receiving orders to arranging production to quality inspection and shipping, mature products only take 1-2 weeks, and new products generally only take 2-3 weeks. The ability to quickly digest and absorb orders has enabled the company to gain a good reputation and reputation among downstream customers, thereby increasing the customer's willingness to entrust the company to process products.

(3) The company has mastered a full set of core technologies related to fine communication wires, such as process manufacturing technology, inspection and testing technology, precision manufacturing technology, etc., and has the ability to independently develop new products. The company's R&D institutions can cooperate with customers to develop hundreds of new products every month. At the same time, the company has established complete R&D rules and regulations to ensure that the company has the ability to respond quickly to customer requirements such as appearance, performance, structure, and comfort of new products. In addition, the company has established a quality control and quality assurance system that meets international standards. The company has invested a lot of money and resources in laboratory construction, purchased advanced precision testing instruments, and established a complete quality testing system for swing tests, tensile tests, signal transmission tests, corrosion resistance tests, etc.

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