If you have disassembled mobile phones or electronic products, you will find that these sophisticated electronic devices have a variety of precision small parts. There is such a company in China specializing in the production of such small precision parts, it is CZJY Precision Machinery Technology Group.
CZJY's metal powder injection molding technology (MIM) is an important technology for making such high complexity and high precision parts. The MIM technology has important applications in many fields such as smart phones, wearable devices, automobile manufacturing, and medical equipment. With the upgrading of smart phones and the rapid development of wearable devices, the future development of Jingyan Technology is broad.
CZJY is a leading global MIM technology company. The company mainly provides high-complexity MIM core parts and components for consumer electronics and automotive industries such as smartphones, wearables, notebooks and tablets, and the automotive field. There are only a few MIM companies in the world with an annual revenue of more than 1 billion yuan, and CZJY is currently the only company in China that is listed as a full MIM product.
MIM technology is widely used. In recent years, CZJY has continuously expanded the application of MIM business in new fields.
On the one hand, the company has increased the proportion of smartphone business. In 2016, the company's wearable device products business revenue was 404 million yuan, accounting for the largest proportion of operating income. In 2019, CZJY's wearable device business revenue was only 118 million yuan, and smartphone business revenue reached 1.212 billion yuan, becoming the company's main source of revenue. As a supplier of mobile phone manufacturers such as Apple, OPPO, vivo, Samsung, and Xiaomi, the wave of 5G replacements will help CZJY's further development.
On the other hand, the company's products are gradually penetrating into the two major areas of automobile manufacturing and medical devices. In 2019, CZJY successfully developed high-quality automotive customers such as Bosch UAES, Kongsberg, Huofu, and passed the supplier verification of Schaeffler, a world-renowned auto parts manufacturer. In addition, the company has successfully established preliminary cooperative relations with well-known domestic and foreign medical customers such as Medtronic, Yisi Medical, Sifang Medical and so on.