The company is mainly engaged in R&D, production and sales of EAS (Electronic Commodity Anti-Theft System) products. It is the strongest EAS product manufacturer and distributor in China. The products are mainly for various hard tags, RF soft tags, acoustic magnetic soft tags, etc. Anti-theft tags and accessories such as unlockers and decoders. At present, the company has more than 400 kinds of EAS products, some of which are sold to Europe, America, Southeast Asia and the Middle East.
In 2012, the company set up Hangzhou Sitron Huilian Technology Co., Ltd. and Yangyang Radio Frequency Technology Yangzhou Co., Ltd. to enter the RFID market, and invested 560 million yuan to research, develop, design, manufacture and sell RFID tags and related products. The IoT RFID industry has experienced a compound growth rate of nearly 40% in the past three years, and the domestic RFID growth rate is expected to remain above 20% in the next few years.
In the first quarter of this year, net profit increased by 21.15% from the fourth quarter of last year, and increased by 2.7% year-on-year. The performance improved, and the RFID business is expected to become a new bright spot for the company. (On May 7th, the company's restricted shares will be listed and circulated, the number of restricted shares will be 63.75 million shares, and the actual number of shares available for listing will be 15.9375 million shares).
In 2012, the company set up Hangzhou Sitron Huilian Technology Co., Ltd. and Yangyang Radio Frequency Technology Yangzhou Co., Ltd. to enter the RFID market, and invested 560 million yuan to research, develop, design, manufacture and sell RFID tags and related products. The IoT RFID industry has experienced a compound growth rate of nearly 40% in the past three years, and the domestic RFID growth rate is expected to remain above 20% in the next few years.
In the first quarter of this year, net profit increased by 21.15% from the fourth quarter of last year, and increased by 2.7% year-on-year. The performance improved, and the RFID business is expected to become a new bright spot for the company. (On May 7th, the company's restricted shares will be listed and circulated, the number of restricted shares will be 63.75 million shares, and the actual number of shares available for listing will be 15.9375 million shares).
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