April 18th news: Kunshan Kosem Technology released its 2023 annual report. During the reporting period, the company achieved an operating income of 25.97 billion yuan and a net profit attributable to shareholders of the listed company of -2.81 billion yuan.
Kunshan Kosem Technology Co., Ltd. was established in 2010 with a registered capital of 550 million yuan. It is a high-tech enterprise specializing in the research and development, manufacturing, and service of precision structural components.Kosem Technology primarily relies on manufacturing processes and technologies such as precision die casting, forging, stamping, CNC machining, laser cutting, laser welding, MIM (Metal Injection Molding), and precision injection molding. Supported by precision mold design and production, the company provides research and development, manufacturing, and partial assembly services for precision metal and plastic structural components required for consumer electronics (including non-combustible electronic cigarettes and VR), medical devices, automobiles, and other end products to international and domestic renowned customers such as Apple, Huawei, Amazon, Google, Meta, and Medtronic.
The company's consumer electronic products include the outer casings, middle frames, mid-plates, buttons, logos, hinges, and other components for smartphones, laptops, tablets, smart headphones, smart speakers, electronic cigarettes, VR devices, and other terminal products. Their medical device products consist of structural components required for end products like surgical knives, bone screws, and pacemakers. Additionally, their energy storage products mainly focus on PACK module products and the like.
The report points out that with the continuous development of VR/AR technology, the enrichment of ecological applications, and the ongoing iteration of terminal products, VR/AR hardware products are also gaining continuous market recognition, with product categories expanding. Leveraging the company's advantages in international customer business resources and strong technological development capabilities, it has successfully become a structural component supplier for international customers' VR/AR products, which is expected to bring new business growth opportunities for the company.
The company's precision structural manufacturing can provide mid-frames, outer casings, bases, mid-plates, buttons, lens rings, hinges, volume keys, watch cases, and other appearance or internal precision structural component products for smartphones, tablets, personal computers, smart speakers, smart headphones, smartwatches, VR/AR, and other products. With the continuous increase in the penetration rate of consumer electronics products, the competition is also becoming increasingly concentrated among brands.
The report indicates that in 2023, the company had several ongoing R&D projects. In the VR field, the main R&D projects include: the processing technology for the charging port of VR glasses in the metaverse, the molding process for high-precision wearable VR plastic casings, and the molding process for high-precision wearable VR plastic charging bases.
The company will continue to actively and proactively adapt to the trend of economic transformation and upgrading. Focusing on providing customers with higher quality and more functional products and services, the company will be driven by the craftsmanship spirit and innovative thinking it has adhered to for many years. It aims to continuously improve product quality, enhance core competitiveness, and increase the brand value of the company in the field of precision structural manufacturing.
The original article was first published on the WeChat official account (Aibang VR Industry News)：Kosem Technology (603626) has released its annual report for 2023 and has successfully become a structural component supplier for international customers' VR/AR products
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