Tianji Electronics has a net profit of RMB 5,491,300 in 2017. The company is a high-tech company focusing on R&D, production, sales and related services of single-layer ceramic capacitors. Based on more than ten years of research and development experience, Tianji Electronics has been built. Domestic advanced single layer ceramic capacitor SLC production line and perfect quality inspection system, and possesses core technology and patents. Its products are widely used in wireless communications, satellite navigation, big data, radar, electronic reconnaissance, electronic countermeasures and mobile communications, etc. Industry and field closely related to microwaves.
With the rapid development of microwave communications and optical communications in recent years, the market's demand for SLC products has also grown rapidly. Because of its complex manufacturing process, SLC products require high performance and reliability. There are only a few manufacturers worldwide, and currently SLC technology products. Mainly by the monopoly of the United States and Japan. Prior to 2006, the SLCs required for domestic military and civilian use basically depended on imports. Tianji Electronics, as one of the few manufacturers that can produce SLC products in China, is at the leading position in China.
Torch Electronics believes that through the acquisition and integration of YORK ELECTRONICS, the company can complement its strengths with YORK. On the one hand, the company leverages its advantages in manufacturing, technology, qualification, brand, sales channels, service and management, and combines YORK. The precipitation and strength of electronic technology research and development will jointly increase the market share and profitability of YOYC Electronics. On the other hand, this transaction will enable the company to quickly enter the microwave component market, and will form brand and synergy effects with the company’s subsidiary, mm Electronics, in the future. Rapidly improve the company's industrial chain and product layout, consolidate and enhance the company's technological superiority and industry position, enhance the company's overall profitability, and promote the company's continuous and stable development. In the future, YORK will expand its core business with SLC products. A supplier of military electronic components and 5G microwave components with core technology and significant influence.