JSKS Precision Technology Group's main business is the research and development, design and manufacturing of precision metal structural parts, providing precision metal structural parts for high-end mobile phones, tablets, medical surgical instruments, and photovoltaic products. The main customers include Apple, Jabil, Sony, and the United States. Covidien Group [separated from Tyco International], Medtronic, Johnson & Johnson, Zimmer, Solar City, IronRidge and other internationally renowned companies.
The company reserves more research and development projects of metal structural parts for the series of products of international well-known brand customers, such as middle frames of different materials and supporting structural parts. Previously, the company's products were mainly small metal precision structural parts.
Gradually supply medium-frame precision structural products for international large customers according to customer needs. The consumer electronics business has grown rapidly, and medical devices have maintained high gross profit margins. The company's mobile phone and tablet computer structural parts accounted for the majority of the company's operating income (84% in 2019). In recent years, the business's operating income and shipments have maintained rapid growth , While continuously expanding product categories. The medical device structural parts business is based on cooperation with Covidien, maintaining a high gross profit margin. The structural parts of photovoltaic products are supplied by SolarCity and IronRidge.
JSKS has also expanded the MIM high-precision technology and strengthened the new technology development capabilities of the R&D center. The technology is at a high level in the industry. At the same time, it has basically realized the full coverage of the metal precision structural parts industry chain, which can meet the needs of many industries for the "one-stop" service of precision metal manufacturing.
The company raised 910 million yuan through IPO, most of which is used to expand production capacity and improve the current situation of tight production capacity. With the effective increase of production capacity, the company will develop new products, change the current situation of mainly manufacturing small products, gradually strengthen the development of large products such as mobile phone back shells and laptop back shells, expand product categories, and expand the company scale.