5 billion yuan Wingtech Technology Co.Ltd(600745) said that overseas customer projects started shipping or apple smart home

On March 10, Wingtech Technology Co.Ltd(600745) ( Wingtech Technology Co.Ltd(600745) ) announced that the company’s product integration business has carried out computer, smart home and other business cooperation with specific overseas customers and signed cooperation agreements. Recently, the smart home project that the company cooperates with specific overseas customers officially began mass production and realized normal shipment. The total amount of project cooperation is expected to be about 5 billion yuan.

Wingtech Technology Co.Ltd(600745) refers to “overseas specific customers”, which may be apple. Last year, Wingtech Technology Co.Ltd(600745) entered Apple’s supply chain by acquiring the relevant assets of Ofilm Group Co.Ltd(002456) of Apple’s supply chain enterprise.

Wingtech Technology Co.Ltd(600745) said that the company’s product integration business has expanded from traditional mobile phone ODM to broader fields such as tablet, laptop, IOT, server and automotive electronics, and has accumulated rich experience in R & D and manufacturing. The company’s cooperation with specific overseas customers in product integration business has expanded the company’s product field and optimized the company’s customer structure, which will have a positive impact on the company’s operating results in 2022 and future years. As the first cooperation project, the smooth mass production and shipment of smart home also laid the foundation for the company to carry out multi product cooperation with specific overseas customers.

Wingtech Technology Co.Ltd(600745) said that at present, the company’s production and operation are normal and all businesses are carried out in an orderly manner. Affected by the overall market environment and customer product demand and other factors, the actual supply quantity of the company to specific customers may have the risk of adjustment. The company will actively do a good job in product development, production and supply, strengthen risk control, and continue to fulfill the obligation of information disclosure according to the cooperation progress of other projects. Investors are invited to pay attention to investment risks.

On March 29, 2021, Wingtech Technology Co.Ltd(600745) and Ofilm Group Co.Ltd(002456) ( Ofilm Group Co.Ltd(002456) ) signed the equity purchase agreement on Guangzhou delta Imaging Technology Co., Ltd., and signed the asset purchase agreement on Jiangxi Jingrun optics Co., Ltd. with Ofilm Group Co.Ltd(002456) and Jiangxi Jingrun optics Co., Ltd, The company or designated entity intends to purchase 100% equity of Guangzhou delta Image Technology Co., Ltd. held by Ofilm Group Co.Ltd(002456) and equipment related to the supply of cameras to specific overseas customers owned by Jiangxi Jingrun in cash.

As of November 3, 2021, Wingtech Technology Co.Ltd(600745) said that the operating assets purchased from Jiangxi Jingrun had completed equipment commissioning, the trial production line had been put into use and achieved output, and the company had determined the mass production plan with specific overseas customers.

On December 1, 2021, Wingtech Technology Co.Ltd(600745) announced that the first batch of mass-produced products had been delivered, and the products entered the stage of batch shipment. The sample products in the early stage had passed the final verification of specific overseas customers, and the products entered the stage of formal mass production and normalized batch shipment according to the shipment plan agreed with customers.

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