Lance Technology is a smartphone glass cover and smart car protective function components of the ODM head company, covering cell phones, wearable devices, automotive electronics three core business structure.
The company's current main products are the appearance and structure of glass, precision metal, sapphire, precision ceramics, touch, module, biometrics, etc. for mid- to high-end products, as well as the production, matching, integration and assembly of functional components.
The main applications are: smart phones, smart wearable devices (smart watches, bracelets, glasses, headphones), tablet PCs, laptops, all-in-one computers, smart cars, smart medical devices, smart home appliances and other fields.
And from a product perspective, Lance Technology's revenue share of small and medium-sized protective glass in the first three years has always remained at about 70% of total revenue, while in 2020 it fell to 66.27%, and large-sized protective glass accounted for 15.25% of its revenue, up from 10-12%.
The company's core competitiveness is mainly embodied in: rich global quality customer resources to grasp the industry forward-looking layout, leading scientific and technological innovation capabilities and technical level to create value for customers, stable team and scientific and efficient lean management to promote sustainable development, industrial chain of multiple areas of core components to drive the strategy of vertical integration, the leading level of intelligent manufacturing and automation to enhance the rapid prototyping and mass production capabilities.
It is worth mentioning that last year, Lance acquired Kesun, Keli two companies, both companies are suppliers of Kecheng Technology, Kecheng Technology to aluminum alloy die casting started, and then killed Apple supply chain. The acquisition of the final customer is self-evidently referring to Apple, the acquisition also means that Lance Technology officially took over Apple's domestic cell phone metal chassis and related assembly business.
Lance Technology's main business is glass, sapphire, ceramics, plastic and metal small parts processing and other businesses, and Cosun Taizhou, Keli Taizhou is upstream and downstream business relationship. "Through this transaction, for the company to further downstream supply chain for business expansion to lay the foundation.
Overall, Lance Technology's current products are mainly used in the field of consumer electronics, automotive electronics, medical electronics and smart home, and many well-known cell phone vendors and Tesla and other enterprises to establish a good working relationship.