3C big seller Gemtek's revenue in 2020 was 855 million yuan, and its net profit fell by nearly 20%

Financial report data shows that JMET maintained an overall good momentum of steady development in 2020, with annual operating income of 855 million yuan , a year-on-year increase of 3.06%, achieving the target set at the beginning of the year ; net profit attributable to shareholders of listed companies was 106 million yuan , a year-on-year decrease of 18.90% , failing to achieve the target set at the beginning of the year, mainly due to the strategic investment in fundraising projects and the impact of exchange rate fluctuations.

Public information shows that Shenzhen Jiemite Technology Co., Ltd. is mainly engaged in the research and development, sales and brand operation of global high-end electronic accessories . In 2020, the company's export sales revenue reached 521 million yuan, accounting for 60.92% of total revenue. In 2019, this proportion was 48.38% .

By industry , ODM/OEM business revenue was 562 million yuan, accounting for the largest proportion of total revenue, reaching 65.75%; private label business revenue was 293 million yuan, accounting for 34.23%; agency business revenue was 147,800 yuan, accounting for 0.02%.

In terms of products , smartphone protection products achieved revenue of 659 million yuan, a year-on-year increase of 0.17%, accounting for 77.09% of total revenue; tablet protection products achieved revenue of 97 million yuan, a year-on-year decrease of 11.19%, accounting for 11.32% of total revenue; agency business product revenue reached 147,800 yuan, accounting for 0.02%.

In terms of research and development, JMET disclosed in its financial report that its cumulative R&D expenditure was 32.2861 million yuan, ranking 59th in the electronics manufacturing industry. In 2020, JMET applied for a total of 106 new intellectual property rights, including 66 patents, 6 copyrights, and 34 domestic and foreign trademarks.

Looking ahead to 2021, JMET has listed five key tasks for 2021, which are:

Business expansion and key customer development

Transform to intelligent manufacturing and accelerate the construction of research and innovation centers

Focus on the development of brand and private label to enhance brand value and influence

Optimize the talent team system and implement GMT's talent concept and talent outlook

Supporting information construction is accelerating and upgrading

According to the first quarter report of 2021 released by Gemtek , the company achieved operating income of 157 million yuan during the reporting period, a year-on-year decrease of 5.11%, and net profit attributable to shareholders of listed companies of 14 million yuan, a year-on-year decrease of 49.96%.

JMET said that during the reporting period, the company progressed steadily according to its annual operating plan, but due to the impact of the COVID-19 pandemic in overseas markets and the postponement of the launch of flagship new products by downstream mobile smart terminal manufacturers in the domestic industry, the revenues of both ODM/OEM business and own-brand business declined slightly.

JAMET

3C sales

Financial Report