Suzhou Good-Ark Electronics Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Suzhou Good-Ark Electronics Co., Ltd.

Suzhou Good-Ark Electronics Co., Ltd., founded in 2004, has steadily positioned itself as a leader in the electronics field, focusing primarily on the manufacturing of electronic components such as capacitors and inductors. The company has its headquarters in Suzhou, Jiangsu Province, China, and has significantly expanded its market reach across Asia, Europe, and North America.

In 2010, Good-Ark Electronics entered the public market, listing on the Shenzhen Stock Exchange under the stock code 002152. The initial public offering (IPO) raised approximately 1.2 billion CNY (around 190 million USD at that time), which was used to enhance production capabilities and research and development initiatives.

By 2015, Good-Ark Electronics reported revenue of 3.5 billion CNY (approximately 548 million USD), driven by growing demand in the telecommunications and automotive sectors. The company was recognized for its innovative approaches in manufacturing, particularly with its surface mount technology (SMT) processes.

In 2018, the company made a strategic decision to invest heavily in green technology. It allocated over 100 million CNY (around 15.5 million USD) towards developing environmentally friendly production techniques, aiming for sustainability in its operations.

The year 2020 marked a significant milestone as Good-Ark reported a net profit of 500 million CNY (around 77 million USD), with a year-on-year growth of 25%. This growth was attributed to the surge in demand for electronic components due to the global shift towards digitalization amid the COVID-19 pandemic.

Good-Ark continued its expansion by opening a new manufacturing facility in Vietnam in 2021, with an investment of 300 million CNY (around 46 million USD), further diversifying its production base and mitigating operational risks linked to international supply chains.

As of the end of 2022, Good-Ark Electronics maintained a market capitalization of approximately 25 billion CNY (around 3.9 billion USD). The company reported an operating revenue of 5.1 billion CNY (around 790 million USD) for that fiscal year, showing a continuous upward trend in revenue generation.

As of 2023, Suzhou Good-Ark Electronics continues its trajectory of growth, focusing on enhancing its product lines and exploring new markets, with estimated revenue projections showing a continuous increase amid rising global demand for electronic components.

A Who Owns Suzhou Good-Ark Electronics Co., Ltd.

Suzhou Good-Ark Electronics Co., Ltd. is a publicly traded company listed on the Shenzhen Stock Exchange under the stock code 002152. As of October 2023, the company specializes in the manufacturing and distribution of electronic components, primarily focusing on various types of resistors, capacitors, and inductors.

The ownership structure of Suzhou Good-Ark Electronics is diverse, with a mix of institutional and individual shareholders. According to the latest data from financial reports, the significant shareholders include:

As of the end of Q3 2023, the total number of shares outstanding is approximately 473.5 million, with a market capitalization of about ¥8.3 billion (approximately $1.2 billion USD). The company's stock price has fluctuated in the range of ¥16.50 to ¥20.40 over the past six months, reflecting an overall 13% increase in value year-to-date.

In terms of financial performance, Suzhou Good-Ark Electronics reported the following highlights in their latest earnings report for Q3 2023:

The increase in revenue and net income is attributed to the growing demand for electronic components in various sectors, including consumer electronics, automotive, and industrial applications. The company is also expanding its production capacity, with plans to invest approximately ¥500 million over the next two years to enhance manufacturing efficiency.

Recent developments reveal that Suzhou Good-Ark Electronics has entered into strategic partnerships with several major technology firms, further solidifying its position in the market. This has resulted in an increase in R&D spending, now at ¥120 million per year, amounting to about 8% of annual revenue.

Suzhou Good-Ark Electronics Co., Ltd. Mission Statement

Suzhou Good-Ark Electronics Co., Ltd. is a prominent player in the electronic component industry, specializing in providing high-quality products for various applications. The company's mission statement articulates its commitment to advancing technology and delivering innovative solutions that enhance the electronic performance of their clients.

The mission statement emphasizes several core principles:

• Innovation: Continuously developing cutting-edge technology to meet evolving market demands.
• Quality: Ensuring product quality through rigorous testing and adherence to international standards.
• Customer Satisfaction: Fostering long-term relationships with customers by delivering exceptional service and support.
• Sustainability: Committing to environmentally friendly practices in manufacturing and operations.

As of the latest financial reports, Suzhou Good-Ark Electronics has achieved significant milestones:

The company has also reported investments in research and development amounting to 450,000,000 CNY in 2023, representing approximately 14% of their total revenue. This investment underscores their commitment to innovation as stated in their mission.

Suzhou Good-Ark Electronics engages in various markets, including automotive, consumer electronics, and industrial equipment, with a significant portion of revenue coming from international sales, which accounts for 60% of total revenue in 2023.

In terms of operational practices, Good-Ark has implemented a sustainability framework that includes reducing carbon emissions and waste management, aligning with global standards, and aiming for a 20% decrease in environmental impact by 2025.

The outcome of these practices can be seen in their improvement of customer satisfaction metrics, where surveys indicate a customer satisfaction rate of 92% as of 2023, an increase from 85% in 2022.

Overall, Suzhou Good-Ark Electronics Co., Ltd.'s mission statement reflects a pragmatic approach to technological advancement, robust financial performance, and a commitment to sustainability—all integral to their strategy for future growth and market leadership.

How Suzhou Good-Ark Electronics Co., Ltd. Works

Suzhou Good-Ark Electronics Co., Ltd. is a leading manufacturer specializing in electronic components, particularly in the production of resistors, capacitors, and inductors. Established in 1995, the company has leveraged advanced technology and manufacturing processes to maintain a competitive edge in the electronics market.

The company is publicly traded on the Shenzhen Stock Exchange under the stock code 002006. As of the latest financial reports, Good-Ark Electronics has demonstrated robust performance metrics:

Good-Ark Electronics focuses on research and development, spending approximately 6% of its annual revenue in this area to innovate and improve product offerings. This commitment has enabled the company to adapt to changing market demands and technological advancements.

In terms of operational efficiency, Good-Ark Electronics operates multiple production facilities located in Suzhou and surrounding regions. The total production capacity reaches approximately 1 billion units per month, which fulfills both domestic and international demand. Their customer base includes major clients in industries such as automotive, consumer electronics, and telecommunications.

The company's product segments are diversified, with a detailed breakdown as follows:

Good-Ark Electronics has expanded its market presence globally, exporting products to over 40 countries. The company has forged strategic partnerships with notable players in the electronics industry, which has enhanced its distribution capabilities and market reach.

Moreover, the company has recently begun implementing Industry 4.0 technologies, integrating automation and data analytics into their manufacturing processes, which has resulted in increased operational efficiency and reduced production costs by approximately 12% over the past financial year.

In terms of stock performance, as of October 2023, the shares of Good-Ark Electronics are priced around 15 CNY per share, reflecting a price-to-earnings (P/E) ratio of 8.57, which is attractive in comparison to the industry average of 15.

The company is expected to maintain a growth trajectory, with analysts projecting a revenue growth rate of approximately 10% annually over the next five years, driven by rising demand for electronic components in burgeoning sectors such as renewable energy and electric vehicles.

How Suzhou Good-Ark Electronics Co., Ltd. Makes Money

Suzhou Good-Ark Electronics Co., Ltd. specializes in manufacturing a variety of electronic components, particularly for the automotive, telecommunications, and consumer electronics sectors. The company's revenue generation primarily comes from the production of integrated circuits (ICs), passive components, and other electronic devices.

In 2022, Suzhou Good-Ark reported a revenue of approximately ¥5.23 billion (around $760 million), marking a growth of 15% compared to 2021. The company's gross profit margin stands at 26.5%, indicating effective management of production costs and pricing strategies.

The company's revenue sources can be categorized as follows:

• Integrated Circuits (ICs): ¥3 billion (approx. $430 million)
• Passive Components: ¥1.5 billion (approx. $215 million)
• Other Electronic Devices: ¥730 million (approx. $105 million)

A significant portion of Good-Ark's income derives from its partnerships with major automotive and telecommunications companies such as Huawei and BMW, which demand high-quality electronic components for their products. In 2022, revenue from the automotive segment accounted for 40% of total sales, while telecommunications contributed 35%.

Furthermore, Good-Ark invests heavily in research and development (R&D), spending about 8% of its annual revenue on innovative technologies to stay competitive in the fast-evolving electronics market. This focus on R&D has led to the successful launch of new products, which contributed to a 12% increase in market share in the IC segment during 2022.

To manage operational costs, the company has optimized its production processes through automation, reducing labor costs by approximately 10% over the past two years. This efficiency has enabled Good-Ark to maintain stable pricing while improving profit margins.

Additionally, the company has expanded its manufacturing capabilities, adding two new production lines in 2023, which are expected to increase output by 20% and support future revenue growth.

Market trends indicate a growing demand for electronic components, particularly with the rise of electric vehicles and the expansion of 5G technology. In 2022, the global market for semiconductor components was valued at around $600 billion, with an expected CAGR of 6.6% from 2023 to 2030. Suzhou Good-Ark is well-positioned to capitalize on these trends with its diversified product portfolio and strong customer relationships.