Lingyi Technology Co., Ltd. has entered into a strategic partnership with Shanghai Chaoxi through its subsidiary to enhance its market presence and diversify its investment portfolio.

Target Company Overview

Lingyi Technology Co., Ltd., also known as Guangdong Lingyi Technology Co., Ltd., specializes in the manufacturing and sales of new electronic components, as well as mobile and computer accessories. The company is publicly traded and was listed on the Shenzhen Stock Exchange on July 15, 2011, under the stock code 002600. As of December 26, 2018, Lingyi's stock price stood at 2.53 with a total market capitalization of approximately 17.268 billion yuan, although both figures are subject to fluctuation with market conditions.

Lingyi Technology has undergone significant changes, including a rebranding following an asset reorganization between Guangdong Jiangfan Magnetic Materials Co., Ltd. and Lingyi Technology (Shenzhen) Co., Ltd. in 2018. The company's product range includes magnetic materials, precision components, LCD modules, and capacitive touch screens, which are widely utilized in consumer electronics, automotive control, smart home technologies, and new energy vehicles. The firm has consistently appeared in the Fortune China 500 rankings, showcasing its strong position in the industry.

Industry Overview in China

The technology sector in China has experienced remarkable growth, driven by increasing domestic demand for consumer electronics and innovations in emerging technologies. The electronics man