Jones Tech Plc

Jones Tech Plc, known in Chinese as 中石科技, is a manufacturing company listed on the ChiNext board of the Shenzhen Stock Exchange since 2017. The company specializes in developing comprehensive solutions for electronic products, focusing on addressing reliability challenges through advanced research and development. Its product offerings include high-thermal-conductivity graphite products, thermal-interface materials, heat pipes, vapor chambers, and EMI shielding materials, which are essential for various applications in consumer electronics, digital infrastructure, intelligent transportation, and clean energy sectors. The company serves a diverse range of industries, with a strong emphasis on consumer electronics, where it supplies major clients such as Samsung, Microsoft, and Google. In digital infrastructure, Jones Tech provides thermal management solutions for 5G communications and data centers, catering to leading manufacturers like ZTE and Cisco. Additionally, its innovations in intelligent transportation and clean energy sectors further enhance its market position. By maintaining a high level of R&D investment and fostering long-term relationships with key customers, Jones Tech aims to solidify its role as a leader in the electronic manufacturing industry.

Propelled by the business concept of "pursuing specialization, winning on the right track, and encouraging creative thinking," the company invests in R&D, modern enterprise operations, corporate culture construction, and establishes advanced management platforms, enhances the company's core competitiveness in the fierce market environment. It's determined to become an industry leader in its professional and business fields, and shape a high-end brand image. The company's core competitiveness: 1. Cross disciplinary advantages of multiple technologies The company believes that as an independent R&D oriented professional company, technology underpins the company's sustainable development. The company, through continuous technological investment and accumulation, ensures that its R&D level remains at the forefront of technology and leads the industry's technological development in several directions. Independent R&D teams and experimental platforms have been established in many technical fields, such as synthetic graphite technology, thermal conductive interface material technology, heat pipe, soaking plate, thermal module technology, etc., so as to maintain advanced technology reserves, integrate various technical fields, and form the company's unique technical competitiveness. It can analyze the pain points in thermal management and other fields for customers in an all-round and rapid manner, simulate and validate advanced comprehensive thermal management solutions to quickly respond to industry developments and changes, and participate in the entire customer process from early design to final mass production and delivery. 2. Long term and stable high-quality customer resource advantages The company upholds the key customer market strategy and regards the top 5 major customers in the industry it serves as its main target to serve customers. For many years, the company has been oriented towards major customers in the industry, and has developed service organizations and processes based on the customer needs and cooperation methods. From early project design participation in customer design centers to mass production coordination and mass delivery in outsourced assembly factories, all aspects are interconnected, enhancing customer service quality and customer dependence on the company's technology and resources. Major customers include globally renowned brands and manufacturers in the fields of communication and consumer electronics. These long-term stable high-quality customers are industry-leading in terms of technology, which has led the company's technological leadership in the target industry; The high requirements of high-quality customers in management promote the company's overall management level; The good reputation of high-quality customers ensures the company's healthy financial development. Building on major customer's needs, the company enhances innovation willingness, motivation, and vision, explores the needs of other customers, enhances market competition sensitivity, studies market and industry, and customer needs, and forms replicable overall industry solutions based on existing consumer electronics and communication industry customers, thereby promoting to more consumer electronics and communication industry customers, digital infrastructure, smart transportation and expanding the pool of high-quality customer resources for high growth industries like clean energy. 3. Practice smart manufacturing and achieve excellent operations According to the concept of digital empowerment management, the company constructs a lean management system, and creates a digital factory. As per the SAP ERP system, the company connects modules like sales, production, procurement, quality, project, finance, customer service, and equipment. It integrates the entire value chain of its main business into unified management, integrates multiple advanced information systems such as PLM, SRM, CRM, and extends to R&D, supply chain, and customer base for in-depth data interaction to achieve synergy. Meanwhile, the group implements a multi cloud strategy to systematically analyze and monitor core operational data, thereby achieving real-time information sharing and remote monitoring and maintenance of the system worldwide. The company introduces high-end intelligent equipment and AOI fully automated detection and identification system, relies on the MES system to digitalize the manufacturing management process, utilize big data analysis technology to feed back the mass production data in real time, so that the products have reliable quality assurance and complete traceability, meanwhile, it can enhance the level of manufacturing technology, production efficiency, and improve manufacturing costs. During the reporting period, Wuxi subsidiary of the company was awarded titles such as Jiangsu Intelligent Workshop, Jiangsu Dengling Enterprise, and Jiangsu Provincial Enterprise Technology Center. 4. Global vision, local wisdom Since its establishment, the company has served leading foreign-funded enterprises and domestic leading enterprises in industries like the Fortune Global 500, and participated in the global industrial division of labor earlier. After long-term business dealings with top customers, the company has benchmarking with top enterprises at various levels of technology and management, thus forming a global perspective. Meanwhile, the company is a local enterprise with strong internal driving force, innovative enterprise management methods, and a community of interests, ensuring a certain degree of flexibility compared to foreign companies. 5. Global, highly elastic, and high-quality product delivery capabilities The company has a global layout of production bases, with capacity backup in East China, South China, and Southeast Asia, which can cope with delivery pressure caused by unexpected situations. Simultaneously, it has the ability to expand production due to increased customer orders, improve processes, gradually improve yield and quality levels, and enhance the company's core competitiveness in product delivery. 6. Open mindedness and a corporate culture that dares to change Since its establishment, the company has always adhered to a crisis awareness of walking on thin ice, not being complacent, maintaining an open mindset, daring to change, and believing that "change is ceaseless." Recent years have seen the company strengthening internal training, and the company deeply investigates the industry and market situation, and analyzes the business models and industrial layout of key competitors. During the reporting period, the company reviewed the external macro environment and industry trends, gaining a new understanding of its mission, long-term vision, values, development strategy, and corporate culture. The company believes that an open mindset and a culture of daring to change are key elements to ensure the longevity of the foundation.