Revenue in 2020 reached 59.866 billion yuan! Huaqin Technology completed the listing guidance on the Science and Technology Innovation Board

According to Jiwei.com, on June 10, according to the Shanghai Regulatory Bureau, CICC issued a public announcement on the summary report of its coaching work for Huaqin Technology Co., Ltd. (hereinafter referred to as "Huaqin Technology").

On December 14, 2020, CICC and Huaqin Technology signed the "Guidance Agreement between Huaqin Technology Co., Ltd. (as the guidance target) and China International Capital Corporation Limited (as the guidance institution) on the Initial Public Offering and Listing on the Science and Technology Innovation Board."

CICC said that through the guidance, Huaqin Technology has improved and standardized all aspects of the company's operations. The company believes that through the previous guidance work, Huaqin Technology has met the requirements of guidance acceptance and the application conditions for the initial public offering of stocks and listing on the Science and Technology Innovation Board in accordance with the requirements of the Company Law, the Securities Law, the Science and Technology Innovation Board Initial Public Offering Registration Management Measures (Trial) and other relevant laws and regulations, and there are no substantive issues that affect the issuance and listing.

Huaqin Technology is a platform company specializing in the R&D, design, manufacturing and operation services of smart hardware products. It belongs to the smart hardware ODM industry and mainly serves well-known smart hardware brand manufacturers and Internet companies at home and abroad, such as Samsung, OPPO, Xiaomi, Honor, vivo, Amazon, Lenovo, LG, Acer, Asus, Sony, etc. The company's product line covers smart hardware products such as smart phones, laptops, tablets, smart wearables (including smart watches, TWS headphones, smart bracelets, etc.), AIoT products (including smart POS machines, automotive electronics, smart speakers, etc.) and servers.

Huaqin Technology has been deeply involved in the smart hardware ODM industry for more than ten years. Relying on its own R&D design, system software development, engineering testing, supply chain resource integration, production and manufacturing, and quality management capabilities, it has seized the development opportunities of the global electronic information industry's professional division of labor and smart hardware becoming an important data flow and service portal in the era of the Internet of Everything, and is committed to building a multi-category smart hardware platform centered on smartphones, with the symbiotic development of laptops, tablets, smart wearables, AIoT products and servers. At present, the company has developed into a large-scale technology R&D and manufacturing company with advanced smart product hardware R&D and manufacturing capabilities and ecological platform construction capabilities, and has a leading market share and a unique industrial chain position in the global consumer electronics ODM field. According to Counterpoint data, based on the shipment volume of the "three major items" of smart hardware (including smartphones, laptops and tablets), the company's overall shipments in 2020 reached 192 million units, ranking first in the global smart hardware ODM industry.

From 2018 to 2020, Huaqin Technology achieved revenue of 30.881 billion yuan, 35.3 billion yuan, and 59.866 billion yuan, respectively; net profit was 182 million yuan, 503 million yuan, and 2.19 billion yuan, respectively.