Overview of LY iTech

Lingyi iTECH was founded in 2006 and entered the A-share capital market in 2018 with the stock code: 002600.

As a trusted core supplier of AI terminal hardware, Lingyi iTECH provides customers worldwide with one-stop intelligent manufacturing services and solutions for precision functional parts, structural parts, modules, and more. Lingyi iTECH has the technology for processes such as die-cutting, stamping, CNC, and injection molding. After many years of development, it has gradually become an invisible champion in various process fields. The market share and shipment volume of Lingyi iTECH's precision functional parts products have been in a leading position in the global consumer electronics market for many years. It has set industry standards in terms of quality, process, and technology, becoming a functional parts expert trusted by global customers, and further penetrating emerging markets such as new energy vehicles, photovoltaics, and energy storage.

In 2023, Lingyi iTECH was successively selected into the Fortune China 500, 2023 Fortune China Listed Company 500, 2023 China's Top 500 Private Enterprises, 2023 China's Top 500 Manufacturing Private Enterprises, etc., and its MSCI-ESG rating jumped to "A"level.

In 2023, Lingyi iTECH achieved a revenue of about CNY 34.1 billion, of which AI terminal and communication-related products achieved a revenue of about CNY 30.7 billion; the automotive business achieved a revenue of CNY 1.7 billion, a year-on-year increase of about 44%; the photovoltaic energy storage business revenue was about CNY 1.6 billion, a year-on-year increase of about 30%. As of the end of 2023, Lingyi iTECH had about 6,000 R&D personnel, accounting for about 10% of the total number of employees, and had accumulated 2,094 patents, with a total R&D investment of about CNY 6 billion in the past three years.

Lingyi iTECH actively grasps the pulse of the times, takes technological innovation as the lead, green intelligent manufacturing as a long-term goal, and talent training as a backing, and actively forges the core of manufacturing concept is lean, automation, informatization, and intelligence, resonating with new quality productive forces. Lingyi iTECH will continue to adhere to customer first and value coexistence, relying on its rich experience and leading technology strength in precision functional parts, and continuously exceed expectations and create value with strong R&D capabilities to empower product innovation, and work together with customers to build a big future of intelligent terminals.