Since its foundation, Freewon has been focusing on precision metal parts research and development, manufacturing and sales, mainly for 3C, automotive, electric-power tools and other applications to provide customers with precision metal parts products. The company's products mainly belong to the new generation of information technology, new energy and other industrial chain of basic components, used in communications terminal equipment, new computers, wearables, new energy vehicles and photovoltaic products production.
The company has long been deeply cultivated in the precision metal parts manufacturing industry, has accumulated a comprehensive, efficient and lean precision metal parts manufacturing technology and experience, in the upgrading of technology, process and product development capabilities, based on continuous optimization of customers and product structure. At present, the company has been widely recognized by customers, the main customers include FOXCONN, FOXLINK, Molex, Innovation, Webasto, Inalfa and Stanley Black & Decker, etc., into the industry's first-class enterprise supply chain system, and with which it formed a long-term and stable cooperative relationship.
The company has been continuing to innovate as the driving force for the sustainable development of enterprises, paying attention to the cultivation of technical team. After years of development and experience, the company has been in fine line molding, high-precision milling composite molding, metal insert injection molding, metal powder injection molding, high-speed continuous stamping molding, pipe parts 3D bend molding, micron-grade metal wet pull and other metal precision molding process and production links to master a number of core technologies, won the "high-tech enterprises," Jiangsu Province Enterprise Technology Center, Jiangsu Province Automotive Skylight vortex spring engineering research center, "Zifeng Award - Science and Technology Innovation Enterprise Award." Top Ten Intelligent Transformation Enterprises, "Kunshan-Taiwan Integration and Development 30th Anniversary of High-quality Development Outstanding Contribution Award" and other government departments certification and honorary awards.
In the future, the company will rely on its excellent research and development strength and rich experience in precision and ultra-precision machining molding, to "intelligent manufacturing upgrades, independent development of new materials" as the goal, all-round to create precision metal parts manufacturing and research and development center platform.
| Full name | Freewon China Co.,Ltd |
|---|---|
| Abbreviations | Freewon |
| Code | 688678 |
| Founded | 2006-05-18 |
| Listing | 2020-12-23 |
| Domicile | Kunshan |
| ir@freewon.com.cn | |
| STAR Theme | Others |
| CSRC Sector | Manufacturing |
| Has weighted voting rights structure? | No |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Earnings Per Share | 0.86 | 0.85 | 0.41 |
| R&D expenditure as a % of operating revenue | 8.04% | 4.94% | 6.60% |
| Operating Revenue | 516.95 | 443.22 | 291.23 |
| Net Income | 112.85 | 107.91 | 50.20 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Operating Revenue | 516.95 | 443.22 | 291.23 |
| Operating Costs | 390.97 | 311.91 | 233.21 |
| Operating Income | 123.28 | 122.53 | 55.49 |
| Pretax Income | 125.73 | 124.62 | 56.94 |
| Income Tax | 12.87 | 16.71 | 6.75 |
| Net Income | 112.85 | 107.91 | 50.20 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 1,107.89 | 441.45 | 263.97 |
| Non-current Assets-Total | 610.26 | 375.24 | 254.41 |
| Total Assets | 1,718.15 | 816.69 | 518.38 |
| Liabilities | |||
| Current Liabilities-Total | 345.74 | 237.90 | 146.77 |
| Non-current Liabilities-Total | 44.74 | 37.81 | 31.32 |
| Total Liabilities | 390.48 | 275.72 | 178.09 |
| Stockholder's Equity | |||
| Share Capital | 1,051.65 | 339.05 | 234.33 |
| Retained Profits | 264.50 | 191.70 | 96.28 |
| Minority Interests | 11.52 | 10.22 | 9.67 |
| Total Owners' Equity | 1,327.67 | 540.98 | 340.29 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Net Cash Flows-Operating | 143.33 | 80.20 | 30.51 |
| Net Cash Flows-Investing | -178.81 | -139.60 | -130.75 |
| Net Cash Flows-Financing | 639.93 | 121.09 | 23.66 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| WINWIN OVERSEAS GROUP LIMITED | 83.38 | 48.10% |
| Kunshan Zero Denominator Investment Enterprise(L.P.) | 10.00 | 5.77% |
| Suzhou Heyuan Jinda Investment Partnership (L.P.) | 6.60 | 3.81% |
| Shanghai Bingxin Investment Center (L.P.) | 5.36 | 3.09% |
| 东吴证券－招商银行－东吴证券福立旺员工参与科创板战略配售集合资产管理计划 | 4.34 | 2.50% |
| Shanghai Xianghe Yong’an Equity Investment Partnership (L.P.) | 3.80 | 2.19% |
| Shanghai Xianghe Yongyuan Equity Investment Partnership (L.P.) | 3.80 | 2.19% |
| Suzhou Huafu Lixing Investment Center (L.P.) | 3.60 | 2.08% |
| Yueqin Gu | 2.20 | 1.27% |
| Soochow Innovation Capital Management Co.,Ltd. | 2.17 | 1.25% |
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