16 connector/cable companies ranked among the top 500

6 companies have entered the top 100 list

On December 3rd,Guangdong Manufacturing Association, Jinan University Industrial Economics Research Institute, Guangdong Development and Reform Research InstituteJointly release the 2024 Guangdong Province Top 500 Manufacturing Enterprises list.

According to incomplete statistics,There are a total of 16 companies successfully shortlisted in the field of connectors/cables.amongLixun Precision, Changying Precision, Asia Cable, the Pearl River Cable, Nanyang Cable, Minxing CableSix companies made it into the top 100, with a total revenue of 277.2 billion yuan.

Top 100 connector/cable companies shortlisted for the "2024 Guangdong Province Top 500 Manufacturing Enterprises List"

International Cable and Connection has compiled the latest developments of some of the top 100 companies in 2024.

In 2024, Luxshare Precision continued to maintain a steady development trend and made significant progress in the automotive field.

According to the financial report for the third quarter of 2024,Lixun Precision achieved a total operating revenue of 177.177 billion yuan, a year-on-year increase of 13.67%; The net profit attributable to the shareholders of the parent company was 9.075 billion yuan, a year-on-year increase of 23.06%.

Lixun Precision stated that it will continue to steadily promote the development of its major business segments during the reporting period, focusing on enhancing its foundational capabilities in the research and manufacturing of components such as sound, light, electricity, heat, magnetism, radio frequency, and structural components, as well as system level products, around the "Three Five Year" development plan. Through continuous innovation in materials, technology, and process exploration, the company will strengthen its core competitiveness in the field of precision manufacturing.

In September,Luxshare Precision acquires 50.1% of the shares of German automotive wiring harness manufacturer Leoni and 100% of its wholly-owned subsidiary Leoni K for 4.1 billion yuan.

According to the "In depth Research and Investment Opportunity Analysis Report on China's Automotive Connector Industry from 2024 to 2029" released by China Research Institute Puhua Industry Research Institute,By 2024, the size of China's automotive connector market is expected to exceed 50 billion yuan, achieving a growth of over 30% compared to the base in 2019.Driven by new energy vehicles and autonomous driving technology, the demand for high-end automotive connectors will further expand.

Through this acquisition, Luxshare Precision not only gained advanced technology and rich experience from Lenny in the field of automotive wiring harnesses, but also further expanded its business layout in the European and global markets, occupying a favorable position in the future competition of the automotive connector market.

Changying Precision is mainly engaged in the development, production and sales of electronic connectors and smart electronic products, precision small parts, new energy vehicle connectors and modules, consumer electronic precision structural parts and modules, robots, industrial Internet and other products.

In the first three quarters of 2024, Changying Precision achieved a total operating revenue of 12.097 billion yuan, a year-on-year increase of 23.56%; The net profit reached 594 million yuan, a significant increase of 38159.10% year-on-year.

The field of robotics has been highly anticipated in recent years, and its popularity continues to rise. Especially after Tesla released the latest update on Optimus, the robot stock market has shown a significant upward trend.According to the International Federation of Robotics (IRF) forecast in the World Robotics Report, the global installation of industrial robots is expected to reach 541000 units and will accelerate growth in 2025, with continued growth in 2026 and 2027.

Changying Precision is full of confidence in the prospects of the robotics industry. In order to better focus on the development of robot components,Changying Precision established a wholly-owned subsidiary, Shenzhen Changying Robot Co., Ltd., in JuneAt present, Changying Precision has successfully entered the supply chain of core components for two leading humanoid robots worldwide.

Minxing Cable's main products include diversified products such as low-voltage wires, power cables, mineral insulated fire-resistant cables, etc. It is reported that Minxing Cable has invested 1 billion yuan to build the Dongguan Zhangmutou Intelligent Manufacturing New Headquarters Base, which has been completed and put into operation. The new headquarters base has a construction area of 200000 square meters and is expected to have an annual production capacity of 15 billion yuan.