SIT Electronics is mainly engaged in R & D, design, production, sales and technical service of automated production equipment. Its main products include automated assembly equipment, automated testing equipment and fixture products for smartphones, tablets and notebooks, wearable devices and other products Of the assembly and testing of its largest customer for Apple, Apple's direct and indirect orders revenue once accounted for more than 90% of its revenue ratio.
Prospectus shows that from 2014 to the end of the first three quarters of this year, the sales revenue of Cytech was 381 million, 489 million, 403 million and 469 million respectively. Net profit attributable to shareholders of the parent company was 133 million Yuan, 127 million yuan, 48 million yuan, 83 million yuan.
In the same period, from 2014 to the end of September this year, the ratio of direct order revenue derived from Apple Inc. to its operating revenue was 83.03%, 79%, 43.54% and 72.92% respectively from 2014 to the end of September this year. In addition, Apple Inc. has gathered around the world Many manufacturers for its services, the formation of a strong system of the Apple industry chain, in recent years, part of the main customers of Cytech Electronics with Apple industry chain manufacturers, resulting in the final sale of equipment and fixtures are mainly used in Apple's end products produce.
During the reporting period, the revenue generated by Cytech Electronics for the production of end-use branded products by Apple Computer amounted to RMB346 million, RMB453 million, RMB365 million and RMB444 million respectively, accounting for 90.92%, 92.57% and 90.57% of the current operating revenue respectively. , 94.75% .See, 赛 Teng electronic direct and indirect operating income over 90% driven by Apple.
In the prospectus, SITC also disclosed the risk of its reliance on large customers for revenue. Last year, the decline in sales of Cytec Electronics was due to a decrease in the purchase of Cytech products by Apple Computer 793 million yuan of funds for business expansion, raise funds will be invested in the consumer electronics industry automation equipment construction projects, new research and development center projects and automotive, photovoltaic, medical industry automation equipment construction projects to reduce risk.
SIT Electronics said that in the future, while continuing to cultivate the consumer electronics manufacturing industry, the Company will comprehensively expand the automation application market in automobile and parts manufacturing, medical device manufacturing and photovoltaic product manufacturing to diversify the market. Of course, these are based on today To meet the premise of the smooth, the current Proton Electronics continue to increase investment in automation equipment design and development to effectively improve customer productivity and further improve product quality.