Lixin Precision is a technology-oriented company, focusing on the production of connectors, connecting wires, motors, wireless charging, FPC, antennas, acoustic and electronic modules, such as research and development, production and sales, high-frequency product development, the products are widely used in consumer electronics, communications, enterprise, automotive and medical and other important areas of the world.
In 2015, Lixin Precision entered the field of acoustics. Through the holding and integration of Suzhou Meitei, Huizhou Meilu and Shanghai Meilu, Luxun Precision cut into and drove the electro-acoustic business in the smartphone acoustic market's high-speed growth, and also successfully infiltrated into Apple's Mac, iPad and iPhone product lines. in the first half of 2017, Luxun Precision became the production factory of Apple's wireless headphones AirPods.
Excessive reliance on Apple is the same problem for Luxun Precision and Foxconn. It is understood that Lucent Precision currently 78% of the revenue and 76% of the profits from consumer electronics, 90% of the profits come from overseas. And 45% of the revenue from Apple products, resulting in the company's funding channels are relatively narrow.
The company consolidates and strengthens its position as a leader in the consumer electronics industry, while actively laying out the communications and automotive and other emerging high-quality areas. The company continues to expand the connector downstream applications, through the Kunshan Liantou, Shenzhen Coltong, Fujian source light electric device, Germany SUK and Suzhou Fengdao mergers and acquisitions, one after another into the domestic and international large customers industry chain.
In addition, Luxon Precision forward-looking layout of emerging areas, long-term growth potential. In the field of consumer electronics, the company successfully laid out electro-acoustic devices, audio and video modules, to realize the horizontal expansion of the industry chain.
In 5G communications, the company has three production lines, including interconnection product lines, radio frequency product lines and optoelectronic product lines. In the field of new energy vehicles, the company is able to provide customers with high-voltage, high-current and other automotive power solutions, as well as related automotive wiring harnesses, electronic modules and other products and services.
Finally, Lixin Precision is still the world's leading connector manufacturer, is a giant in the supply chain of Apple, Huawei and other companies, and the future is also actively laying out the smart devices and other fields, is a leading enterprise in the industry.