Huaqin ranks the first in smart device ODM in 2017 with total shipments of over 96 million, products covering smartphones, tablets, notebooks and IoT products. Moreover, in Sept. 2017 the monthly shipment exceeds 10 million for the first time. Total revenue of 2017 reaches over 3.8 billion USD with a YoY growth of 20%.
Big 5 events in 2017:
1.Huaqin successfully gets fundraising of 870 million yuan owing to its excellent performance in business and great reputation in the industry. Intal Capital and China Growth Capital are the major investors in this round fundraising.
2.Huaqin wins 2 big awards of quality: Perfect Quality Award by Lenovo, Best Quality Award by CMCC. “HQ” is the abbreviation of Huaqin which is defined as “high quality” by its own acts.
3.Refine product mix to boost business: Huaqin has diversified its product lines, expanding from smartphone and tablet to notebook and IoT products. With refined product mix, Huaqin achieves CAGR of 30% over 6 years.
4.Monthly shipment of over 10M, presenting Huaqin’s strong delivery capacity: In Sept. 2017, monthly shipments of Huaqin exceeded 10 million, showing its excellent delivery capacity.
5.DBG Holdings Limited went Public: DBG Holdings Limited went Public in December 2017. DBG is one of Huaqin’s outsourcing factory which Huaiqn invested in eight years ago. The cooperation between Huaqin and DBG leads in win-win situation where Huaqin obtains vertical integration and DBG achieves vigorous growth.
3 structural optimization in future 3 years:
1.Huaqin will expand product lines to optimize product mix.
2.Huaqin aims to increase ratio of overseas customers to Chinese customers, optimizing customer mix.
3.Huaqin will optimize strategic deployment of human resource, fostering “4+2”pattern where 4 R&D centers in Shanghai, Xi’an, Dongguan and Wuxi and 2 manufacturing centers in Dongguan and Nanchang.