In 2017, 'Comprehensive Screen' and 'Two-Sided Glass' began to be fully popular. Lanxu Technology Co., Ltd. cooperated with customers to develop and quickly mass-produce 2.5D, 3D front and back cover protective glass panels, becoming the biggest highlight of the company's 2017 performance. The annual production and sales volume of protective glass for front and back cover of smartphones reached a record high, reaching 520 million tablets, an increase of nearly 30% compared with the previous year. The revenue of small and medium size protective glass business reached 16.832 billion yuan, an increase of 70.63% year-on-year.
Lansi Technology prepared its capacity in advance for the arrival of smartphones in the front-to-back cover and double-glass era, which will help the company achieve a new round of rapid growth. The annual report shows that the investment product of the Liuyang Nanyuan new production base is a 'Consumer Electronics Appearance. “Protective glass construction project” began to be put into use in the second half of 2017 and began mass production; Dongguan Songshan Lake Park raise investment project “Windows protective glass construction project” and the construction of the old production base of Shenzhen Lansiwang, Mengfangfang Off-site relocation and staff placement work accelerated the integration of resources in the Guangdong region; Lanx Technology (Vietnam) Co., Ltd. was established to enhance synergies between the company and downstream consumer electronics display panel companies.
In 2017, Lansi Technology built a one-stop platform for the consumer electronics window protective glass industry. Based on the consolidation and enhancement of existing products and businesses, Lanscom actively integrated and extended the upstream and downstream industries, and promoted the strategic layout of the industry.
During the reporting period, Lansi Technology and Nissha Co., Ltd. established a joint venture to establish Lansi Technology (Changsha) Co., Ltd., which is engaged in the production of DITO touch sensors. It is expected that by the second half of 2018, part of the production lines will be completed and put into production, and will be delivered in batches. Established a joint venture with Shandong Guoci Functional Materials Co., Ltd. to establish Changsha Lansiguo New Material Co., Ltd. to protect the raw material supply of the company's ceramic products, reduce the cost of raw material purchases, improve the product performance, quality of ceramic raw materials, and improve the processing yield of the latter stage. , Consolidate and expand the company's first-mover advantage in the field of precision ceramics; set up Lansi Precision (Dongguan) Co., Ltd. in Tangxia Town, Dongguan City, to reinforce the company's manufacturing strengths in the middle frame, back cover and other metal components, to better meet The domestic terminal brand customer needs the assembly and integration of protective glass and metal parts to achieve one-stop supply.
Lansi Technology always focuses on the main channel of the protective glass. At the same time, it will further enrich the company's product categories and continuously improve the company's service capabilities as an important development strategy. The company is committed to providing more downstream brand customers by actively deploying the upstream industry. Services and solutions to provide a more complete one-stop service, in response to the growth and changes in downstream customer demand will quickly seize the opportunity, is expected to contribute more highlights for the 2018 annual growth.
The report shows that R&D spending for R&D in 2017 was 1.576 billion yuan, accounting for 6.65% of operating revenue, up 13.8% from the previous year.