Guanghong Technology: the Vietnamese factory is already producing Xiaomi mobile phones, with an output of more than 100,000 units per month.

CTOnews.com August 30 news, Guanghong Technology disclosed investor relations activity record table on August 30, showing that Guanghong customers are in good condition as a whole. According to market data, Glory sales are very good in the first half of this year, and Xiaomi's overseas revenue has also increased significantly.

Guanghong Technology said that the company's Vietnam factory is already in operation, has rented some factories in the new plant, and is already producing Xiaomi mobile phones, which is about 100,000 units a month. If converted with mobile phones, the company now hopes to reach a monthly production capacity of 3 million units within three years.

CTOnews.com learned that when talking about the specific business cooperation between Guanghong Technology and Xiaomi, Guanghong Technology recently said, "the company has in-depth cooperation with Xiaomi in mobile phones, smart wear and other business areas at home and abroad to provide customers with global smart terminal manufacturing services. With the deepening of cooperation with customers, the company will also explore more cooperation space within the customer system."

In July this year, a spokesman for Xiaomi responded that the news was true for the production of Xiaomi smartphones in Vietnam, according to the Global Times. The Vietnamese factory was completed and put into production in June 2021, and Xiaomi phones made by contract manufacturers in Vietnam began to be sold in June this year. Xiaomi spokesman also stressed that Xiaomi has a global supply chain, "but for Xiaomi, the most important thing has always been the domestic supply chain."

Guanghong Technology said that after the epidemic, the company will also usher in the traditional peak season of consumer electronics in the second half of the year, and the company can now foresee an increase in demand as new phones continue to be released in the second half of the year when the Q3Q4 is handed over. In terms of brand shipments, Huawei, Glory and Xiaomi basically each account for about 4% of the company.