On June 18, ZCJY Precision Technology Group issued an announcement: The company will invest no more than RMB 577,000 million in new consumer electronics precision parts automation MIM production projects. Through the construction of new production workshops and supporting facilities, the introduction of advanced automated production and testing equipment will expand the company's production capacity of consumer electronics such as smartphones and wearable devices.
ZCJY mainly provides high-complexity, high-precision, high-strength, and beautifully-looking customized MIM core parts and components for consumer electronics fields such as smart phones, wearable devices, and the automotive field. , Decorative rings, mobile phone shaft parts, wearable structural parts, auto parts and other subdivided categories. At present, the company's products have been finally applied to Apple, OPPO, vivo, Samsung and Xiaomi.
In the field of folding screen mobile phones, the hinge is a very important link, and ZCJY has become a supplier of Samsung folding screen hinge MIM components. In the field of smart watches, ZCJY is a supplier of Huawei in 2019, Huawei's smart watch shipments are expected to exceed 20 million this year. unit.
The smartphone industry has played a significant role in promoting the development of the MIM market, from the earliest mobile phone trays, volume buttons, connector interfaces, camera mounts, to three-camera and multi-camera lens mounts, as well as some lifting cameras under the full-screen development trend. All parts are applied to the MIM process. While promoting the development of materials, processes and equipment in the MIM industry, it also greatly promotes the continuous and rapid growth of MIM product demand.
In addition, although the current MIM products are increasingly used in mobile phones, the overall penetration rate is far from saturation. On the one hand, the current mainstream high-end models (such as iPhone, etc.) mobile phone parts use MIM products with relatively high value, but the overall still has a lot of room for improvement, requiring MIM product vendors to deeply participate in the product design process of smartphone manufacturers , To highlight the advantages of MIM process in product realization and production cost.
On the other hand, the popularity of MIM parts in low-end models is low. As MIM technology gradually matures, mass production costs are gradually reduced, and the requirements for design and texture of low-end models are also constantly increasing. The application space of MIM products in the low-end series of mobile phones will be released.
At the same time, in the wearable market such as smart watches, mainstream smartphone manufacturers Apple, Huawei, Samsung, Xiaomi, OPPO, etc. have all launched smart watches, Bluetooth headsets, bracelets and other products, and more and more electronic equipment manufacturers Invested in the research and development of wearable devices, the product categories of wearable devices will be more diverse, and their applications will become more and more extensive. Wearable devices tend to be miniaturized in appearance and complicated in internal structure, and the processing requirements of some parts such as watch cases, hinges of charging boxes and other precision parts meet the characteristics of MIM technology. Therefore, under the overall development trend, the demand for MIM products will also It grows accordingly.