On October 21, China's A shares ushered in a veritable invisible champion stock in the flexible optical conductive material industry—JSRJ Optoelectronics Technology Group. The company has won the title of "Invisible Champion Enterprise" in 2017, 2018, and 2019.
JSRJ is one of the leading companies in the flexible optical conductive material industry in China. Its main product is ITO conductive film. This product is currently the most commonly used high-transmittance optical conductive film material for touch screens and other devices.
According to a research report by Fuji Chimera Research Institute, Inc., from a global market perspective, JSRJ ranks second in the industry’s market share (about 20%), second only to Nitto Denko (about 45 percent). %).
Because of the world's second largest market share and the largest market share in China, JSRJ is called the "hidden champion" in China.
JSRJ purchases 7 internationally leading flexible thin-film magnetron sputtering coating equipment, 2 high-precision coating systems from Japan, 6 OCA laminating equipment from Taiwan, and 4 slitting equipment from Taiwan, integrating the world's leading equipment components. Integrating core technologies such as precision coating, precision bonding, and magnetron sputtering, it can produce ITO conductive films and some customized products.
In order to achieve sustainable development, the company has built a strong competitive advantage:
1. Advanced technical advantages and strong technical landing ability
Through independent research and development, the company has mastered the three core technologies of wet precision coating technology, precision laminating technology, and vacuum magnetron sputtering coating technology, thus realizing the mass and stable production capacity of IM anti-shade film and the improvement of product optical performance And the realization ability of complex optical film system.
2. Significant cost control advantages
The company controls production costs through import substitution vertical integration, dilutes fixed costs through significant economies of scale, controls production costs through refined management, and controls production costs through good quality control.
3. Stable customer advantage
On the one hand, the company has successively formed a stable cooperative relationship with many well-known touch module manufacturers in the industry, such as Holitech, Taiguan Technology, and Lens Technology, in the mid to high-end customer market. On the other hand, the company actively introduces the company's products into the domestic first-line terminal brands such as Huawei, Xiaomi, OPPO, large-scale solution companies (ODM manufacturers) and the qualified material supplier catalogs of well-known foreign brands.
4. Strict quality control and perfect quality control system
The company established a quality and environmental management system in 2014, and all quality management tasks are operated in accordance with the ISO9001:2015 standard and the requirements of the company system. Products are inspected throughout the entire process, with good quality control and stable quality.
5. Ability to continue vertical integration
The company is the first company in the domestic ITO conductive film industry that can mass-produce high-quality IM anti-shading film and roll-to-roll laminating PET high-temperature protective film, which has truly realized the import substitution of IM anti-shadow film. At the same time, the company is developing and trial-manufacturing optical release films, PET high-temperature protective films, OCA and other products, expanding to the upstream of the industrial chain and continuing to promote vertical integration.
From 2017 to 2019, the company's research and development expenses reached 10.823 million yuan, 16.9783 million yuan, and 21.8605 million yuan respectively, which have increased significantly year by year, and they have spared no effort.
6. Complete sales service team and quick response advantages
The company has built a large-scale, fast response, strong delivery capability, and low transportation cost service team, which is convenient for the company to provide low-cost and timely supply to downstream customers, ensuring that downstream customers maintain low inventory while continuing large-scale production.