On March 12, 2021, Ofilm Group Co.Ltd(002456) was notified by apple to terminate the cooperation. One year later, Wingtech Technology Co.Ltd(600745) has succeeded Ofilm Group Co.Ltd(002456) .
On the evening of March 10, Wingtech Technology Co.Ltd(600745) announced that the smart home projects recently cooperated with specific overseas customers began mass production and realized normal shipment, and the total amount of project cooperation is expected to be about 5 billion yuan. According to the China Securities Journal, the “overseas specific customers” in the announcement refer to apple.
Times finance noted that on the same day, Wingtech Technology Co.Ltd(600745) Jiaxing and Kunming factories opened large-scale spring recruitment, and more than 200 jobs were open to fresh graduates Wingtech Technology Co.Ltd(600745) personnel department staff told times finance that apple is included in the company’s current OEM brand.
All along, smart home has been Apple’s weak business segment. Xiang Ligang, a communications observer, told times finance that at present, it is unlikely for apple to expand its smart home in China, but there are still market opportunities in other parts of the world.
On March 11, Wingtech Technology Co.Ltd(600745) in early trading, the highest rise was 2.25%, closing at 109.45 yuan / share, up 1.06%. At the close of March 11 US time, Apple’s share price fell 2.39% amid the decline of global stock markets.
Acquisition of Guangzhou Delta, Wingtech Technology Co.Ltd(600745) busy recruiting
Wingtech Technology Co.Ltd(600745) started with smart phone ODM business, and its customers include Xiaomi, oppo, Huawei, Lenovo and Samsung. This time Wingtech Technology Co.Ltd(600745) can enter Apple’s supply chain, which is rooted in Guangzhou delta Image Technology Co., Ltd. (hereinafter referred to as “Guangzhou Delta”).
Time finance learned that Guangzhou delta is the supplier of Apple’s camera module, which was acquired by Ofilm Group Co.Ltd(002456) in 2017, so the latter entered Apple’s supply chain. In 2019, Ofilm Group Co.Ltd(002456) 2251% of the revenue came from apple.
In March 2021, Ofilm Group Co.Ltd(002456) received notice from apple to terminate the cooperation, and half a month later, they signed an agreement with Wingtech Technology Co.Ltd(600745) to sell 100% equity of Guangzhou Delta. Meanwhile, Wingtech Technology Co.Ltd(600745) signed another agreement with Ofilm Group Co.Ltd(002456) and Jiangxi Jingrun Optical Co., Ltd. to acquire the business assets related to the supply of cameras to specific overseas customers, with a total price of 2.42 billion yuan.
Wingtech Technology Co.Ltd(600745) announcement shows that as of the beginning of November last year, the operating assets purchased by the company from Jiangxi Jingrun have completed equipment commissioning, the trial production line has been put into use and achieved output, and the company has determined the mass production plan with specific overseas customers.
In the above announcement on March 10, Wingtech Technology Co.Ltd(600745) mentioned 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. Smart home is the first cooperation project.
Accordingly, Wingtech Technology Co.Ltd(600745) increased recruitment efforts. Times finance learned that in the second half of last year, Wingtech Technology Co.Ltd(600745) Jiaxing, Wuxi, Kunming and other factories have opened official short video accounts, mainly publishing recruitment videos and repeatedly claiming “massive Recruitment”.
School recruitment is also under way. Last August, after becoming a Wingtech Technology Co.Ltd(600745) subsidiary, Guangzhou delta opened the school recruitment in 2022, and recruited new positions in R & D, production, quality, function and other types at the same time. In March this year, more than Wingtech Technology Co.Ltd(600745) 200 Posts started spring recruitment.
Wingtech Technology Co.Ltd(600745) an assembly line worker in Kunming Plant said that his workshop was contracted by oppo and vivo, and there were apple products in other workshops. Recruitment brochures also show that the company has established cooperative relations with more than 90% of mainstream mobile phone brands in mobile phones, servers, laptops, tablets, IOT and other fields.
It is worth mentioning that in 2019, Wingtech Technology Co.Ltd(600745) completed the acquisition of global semiconductor giant Anson semiconductor, whose customers also include apple.
Apple does smart home? Expert: This is the general trend
Before the transaction with Ofilm Group Co.Ltd(002456) company, Wingtech Technology Co.Ltd(600745) didn’t get involved in smart home, and Apple’s smart home business developed slowly before. Even apple mobile phone users may not have used their smart home system homekit.
According to the financial report, in 2020, Wingtech Technology Co.Ltd(600745) total revenue was 51.707 billion yuan, of which mobile phones and accessories accounted for 80.58%, semiconductors accounted for 18.65%, and the revenue of smart home products was not mentioned.
Xiang Ligang told times finance that the former fruit chain enterprises mainly made mobile phones and computers, but now Wingtech Technology Co.Ltd(600745) is developing in the field of smart home, which is very valuable, although 5 billion yuan is not a big order.
Wingtech Technology Co.Ltd(600745) also mentioned in the announcement that the actual supply quantity of the company to specific customers may be subject to adjustment risk due to the overall market environment, customer product demand and other factors.
Liang Zhenpeng, a senior home appliance / it / Internet industry analyst, said in an interview with times finance that the development of smart home is the general trend of science and technology enterprises. China Midea and Gree, foreign Microsoft and Google are doing it, but from different angles. Because smart home covers a wide range, it can integrate the industries of computer, mobile phone, home appliance and home, and expand the industrial scope of science and technology enterprises.
Time finance learned that in 2014, Apple released homekit, and a year later, the official announced the first batch of intelligent hardware supporting the system. Up to now, Apple has not listed household goods sales data separately in its financial report, nor has it announced the number of homekit users.
The home business appeared in the financial report together with wearable devices and accessories. In the first quarter of fiscal year 2022 as of December 25, 2021, the net sales of Apple’s wearable devices, home and accessories were $14.701 billion, accounting for about 12% of the total net sales.
According to the home column on Apple’s official website, the smart hardware supporting homekit is mainly concentrated in security, lighting and other systems. Compared with the smart home ecology of Huawei and Xiaomi, it lacks the hardware of smart home appliance system, audio-visual entertainment system and water intelligent control system.
According to the report of International Data Corporation (IDC), in the third quarter of 2021, the global smart home equipment market increased by 10.3% year-on-year, and the equipment shipment volume exceeded 220 million units.
