Dongguan Tarry Electronics Co.,Ltd: history, ownership, mission, how it works & makes money

A Brief History of Dongguan Tarry Electronics Co.,Ltd

Dongguan Tarry Electronics Co., Ltd, established in 2005, is a prominent manufacturer in the electronics industry specializing in the design and production of precision electronic components, including connectors, cables, and electronic assemblies. The company is headquartered in Dongguan, Guangdong Province, China, providing it with strategic access to key manufacturing resources and supply chains.

In its early years, Tarry Electronics focused primarily on the domestic market, achieving significant growth by meeting the increasing demand for electronic components driven by the rapid expansion of the consumer electronics sector in China. By 2010, the company had expanded its operations significantly, leading to a reported revenue of approximately ¥50 million (around $7.5 million USD) and a workforce of over 200 employees.

By 2015, Tarry Electronics had achieved an annual revenue growth rate of 15% year-over-year. This growth was fueled by the company's commitment to quality and innovation, resulting in the acquisition of various international certifications, including ISO 9001 and UL certification, enhancing its credibility in the global marketplace.

In 2018, the company reported a revenue of around ¥120 million (approximately $18 million USD), and by 2020, this figure rose to approximately ¥160 million (close to $24 million USD). The increase can be attributed to successful partnerships with major electronic brands and the expansion of its product lines to include smart device components.

As of 2023, Dongguan Tarry Electronics Co., Ltd is positioned as a key player in the electronics manufacturing sector. The company operates over 10,000 square meters of manufacturing space and employs more than 500 staff members. Financially, it has reached an estimated annual revenue of approximately ¥200 million (around $30 million USD). The company continues to innovate, focusing on sustainable manufacturing practices and investment in advanced technologies.

Through continuous investment in research and development, Tarry Electronics has kept pace with industry advancements, positioning itself to capitalize on trends such as the Internet of Things (IoT) and automation. This proactive approach has not only solidified its market presence but also enhanced its competitiveness on an international scale.

Moving forward, the company is focused on expanding its footprint globally and enhancing its product offerings tailored to emerging technologies. With plans to increase production capacity and enter new markets, Dongguan Tarry Electronics Co., Ltd is set to continue its growth trajectory in the dynamic electronics manufacturing landscape.

A Who Owns Dongguan Tarry Electronics Co.,Ltd

Dongguan Tarry Electronics Co., Ltd, based in Dongguan, China, specializes in manufacturing electronic components, including connectors and cables. The company operates within the lucrative electronics manufacturing sector, which has shown robust growth in recent years. As of the latest available financial data, Dongguan Tarry has achieved significant milestones in terms of ownership structure and financial performance.

The ownership of Dongguan Tarry Electronics is primarily concentrated among a few stakeholders. The main shareholder is Tarry Holdings Limited, which holds approximately 70% of the total equity. Other minor shareholders include Xiao Ming, who controls 15%, and two additional investors, each owning 7.5%.

In terms of financial performance, Dongguan Tarry has reported notable revenue figures, achieving a revenue of approximately $50 million in the previous fiscal year, representing a year-over-year growth of 12%. The gross margin stands at 25%, contributing to a net profit margin of 10%. The company has continuously reinvested a substantial portion of its profits into research and development, with around $5 million allocated for these initiatives in the last year alone.

Additionally, Dongguan Tarry Electronics has established various partnerships with leading technology firms, enhancing its market presence. As of the last assessment, it is estimated that the company holds over 20% of the market share in the local electronic components sector.

The company’s commitment to quality and innovation has also been recognized, earning industry certifications including ISO 9001 and RoHS compliance. These factors contribute to a strong competitive position within the fast-evolving electronics landscape.

Dongguan Tarry Electronics Co.,Ltd Mission Statement

Dongguan Tarry Electronics Co., Ltd is dedicated to providing high-quality electronic products through innovation and customer-centric solutions. The company's mission is reflected in its strategic objectives, focusing on sustainability, technological advancement, and excellence in customer service.

The firm aims to leverage advanced technology to enhance its product offerings, primarily in the areas of consumer electronics and smart home devices. This commitment is evident in its consistent investment in research and development (R&D). In 2022, Dongguan Tarry's R&D expenditure was approximately 10% of its total revenue, reflecting a growing emphasis on innovation.

In terms of market reach, Dongguan Tarry Electronics has expanded its operations globally, serving over 30 countries, with a particularly strong presence in Europe and North America. Their products, which include power supplies, connectors, and smart devices, contributed to a reported revenue of $50 million in fiscal year 2022, with a year-over-year growth rate of 15%.

The company places a strong emphasis on corporate social responsibility (CSR), focusing on sustainable manufacturing practices. For instance, as of 2023, 90% of its production processes are certified under international environmental standards, significantly reducing carbon emissions and waste.

Moreover, Dongguan Tarry's strong customer focus entails delivering customized solutions tailored to specific needs, which has led to a customer satisfaction rate of over 85%. This high level of customer loyalty is further supported by a robust after-sales service framework, ensuring product reliability and longevity.

The mission statement is not merely a formality for Dongguan Tarry; it is ingrained in their corporate culture. This dedication to quality and service is reflected in their ISO 9001 certification, ensuring that all products meet stringent quality standards. The company continually seeks feedback from clients to adapt and enhance its offerings, illustrating its commitment to continuous improvement.

How Dongguan Tarry Electronics Co.,Ltd Works

Dongguan Tarry Electronics Co., Ltd is a prominent player in the electronics manufacturing sector, specializing in precision electronic components, particularly for consumer electronics. Founded in 2002, the company has established a strong reputation for its commitment to quality and innovation.

As of the latest financial reports, Dongguan Tarry Electronics achieved a revenue of approximately RMB 300 million (around USD 46 million) in 2022, reflecting an increase of 15% compared to the previous year. The company’s net profit margin stands at 10%, underscoring effective cost management and operational efficiencies.

The company’s product range includes connectors, switches, and various types of wiring harnesses. It focuses heavily on research and development (R&D), allocating about 8% of its annual revenue to R&D initiatives. This investment has led to several patents, enhancing its competitive edge in the market.

Dongguan Tarry Electronics operates under a vertically integrated model, allowing it to control various stages of the production process. This includes design, manufacturing, and assembly, ensuring quality at each step. The firm employs over 2,000 staff, with around 500 dedicated to R&D and quality assurance.

To illustrate the company’s operational efficiency, the following table provides a snapshot of key operational metrics:

Moreover, Dongguan Tarry Electronics has cultivated strategic partnerships with major technology firms like Huawei and Samsung. These collaborations have facilitated knowledge transfer and access to cutting-edge technologies, enhancing the company’s product development capabilities.

The company’s export activities account for about 60% of its total sales, with key markets including North America, Europe, and Southeast Asia. In 2022, exports reached approximately RMB 180 million, demonstrating robust international demand for its products.

Furthermore, Dongguan Tarry Electronics maintains rigorous quality control processes aligned with international standards such as ISO 9001 and IATF 16949. This commitment to quality has resulted in a customer retention rate exceeding 95%.

In response to growing environmental concerns, Dongguan Tarry Electronics has implemented sustainable practices in its production processes. The company aims for 30% reduction in waste by 2025, part of its broader corporate social responsibility strategy.

In summary, Dongguan Tarry Electronics Co., Ltd functions as a well-rounded electronics manufacturer with a clear focus on quality, R&D, and sustainable practices, backed by impressive financial performance and strategic market positioning.

How Dongguan Tarry Electronics Co.,Ltd Makes Money

Dongguan Tarry Electronics Co., Ltd operates primarily in the electronics manufacturing sector. The company is known for its production of various electronic components, including connectors, switches, and control modules. A significant portion of its revenue comes from the manufacturing and export of these components to global markets. The company's sales strategy focuses on both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services.

In 2022, Dongguan Tarry Electronics reported a revenue of approximately ¥1.2 billion (around $186 million), reflecting a growth rate of 10% year-over-year. This increase was driven by enhanced production capabilities and expanded customer relationships across multiple countries.

The company's gross profit margin stands at approximately 25%, indicating effective cost management and operational efficiency. This margin allows for reinvestment into research and development, crucial for maintaining competitive advantage in the fast-evolving electronics market.

Product diversification plays a key role in Dongguan Tarry's revenue generation. The company's major product categories include:

• Connectors - accounting for 45% of total revenue
• Switches - contributing 30% to the revenue
• Control Modules - making up 25% of total sales

Below is a summary table showcasing the revenue distribution across different product lines for the fiscal year 2022:

Additionally, the company's geographical distribution of sales showcases its international reach. In 2022, the revenue by region was distributed as follows:

• Asia - 60%
• North America - 25%
• Europe - 15%

To further support its operational success, Dongguan Tarry Electronics has established partnerships with leading companies in the technology sector, enabling them to secure long-term contracts and stable revenue streams. The company invested approximately ¥100 million in automation and production technology improvements, which has reduced production costs by 15% over the past two years.

In terms of future outlook, Dongguan Tarry aims to continue its expansion plans, targeting a projected growth rate of 12% for 2023, fueled by increasing demand for electronic components, particularly in the automotive and consumer electronics sectors.

In 2022, Dongguan Tarry Electronics had a workforce of 1,200 employees, contributing to its operational capabilities and production capacity. The company also emphasizes sustainability, with a goal of reducing carbon emissions by 30% over the next five years.