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Introduction to the Yangtze River Delta G60 Laser Alliance
Ten Years of Additive Manufacturing and Cross-Industry Acquisition: Guangyunda Invests 650 Million Yuan to Partner with Yilian Unlimited in the New Blue Ocean of Communication Equipment
In April in Shenzhen, the spring tide is surging. After ten years of lurking in the field of laser intelligent manufacturing, the Yangtze River Delta G60 Laser Alliance unit Guangyunda recently dropped a “heavy bomb” in the industry: the company announced plans to acquire 100% of the shares of Shenzhen Yilian Unlimited Technology Co., Ltd. for no more than 650 million yuan in cash, attempting to open a new growth gap in the field of network communication equipment manufacturing through this cross-industry “marriage.” This seemingly sudden capital move is, in fact, another strategic breakthrough for this well-established laser enterprise in the precision manufacturing track.
From Laser Processing to Additive Manufacturing: A Decade of Technological Breakthroughs
In the Guangyunda factory in Baoan, Shenzhen, the buzzing of laser cutting machines continues day and night. As one of the earliest companies in China to apply laser technology to SMT template production, this company, established in 1998, has already made several “firsts” in the field of precision processing: launching the first laser-formed flexible circuit board in 2002, entering the additive manufacturing field in 2013, and acquiring Chengdu Tongyu Aviation to enter military aerospace component processing in 2019… Its development trajectory is a microcosm of China’s high-end manufacturing moving from “catching up” to “running alongside.”
“While others do traditional processing, we use lasers; while others focus on single materials, we layout the entire process chain of 3D printing.” An insider revealed to reporters that this “technological obsession” has run through Guangyunda’s growth history. The Suzhou laser intelligent manufacturing base was put into operation in 2014, the Shenzhen 3D Printing Manufacturing Innovation Center was established in 2017, and the Shenzhen Innovation Center opened in 2019—each step closely tied to the dual drive of “precision laser technology + intelligent technology.” Today, its business covers high-end fields such as aerospace titanium alloy components and medical orthopedic implants, making it one of the few additive manufacturing service providers in China with full process chain capabilities for both metal and non-metal materials.
The “Golden Brick” Code of Yilian Unlimited: An Invisible Champion in Emerging Markets
The protagonist of this acquisition, Yilian Unlimited, although not well-known domestically, is an “invisible champion” in the overseas communication equipment market. This high-tech enterprise, rooted in Shenzhen for 15 years, has recently focused on emerging markets such as Brazil, India, and Malaysia, providing broadband access equipment for well-known local communication brands. Data shows that on the streets of São Paulo, Brazil, and in the home Wi-Fi networks of Mumbai, India, 3 out of every 10 devices bear the Yilian Unlimited logo.
“Emerging markets are experiencing an explosive period of communication infrastructure, and Yilian Unlimited’s localized delivery capability and cost advantages just fill the gap in Guangyunda’s terminal product field,” pointed out a communication industry analyst. Unlike the mature competitive landscape of the European and American markets, the communication equipment market in “Belt and Road” countries is still a blue ocean, with Indonesia’s demand for 4G/5G equipment expected to exceed 2 billion USD in the next five years.
The Last Piece of the Technological Puzzle: Closing the Loop from Precision Manufacturing to Terminal Products
In Guangyunda’s strategic blueprint, this acquisition is far from a simple “asset purchase,” but rather an attempt to connect the entire industrial chain loop of “technology research and development – precision manufacturing – intelligent equipment – terminal products.”
On one hand, Guangyunda’s laser precision processing capabilities can empower Yilian Unlimited’s equipment production. Taking the core component filter of communication equipment as an example, traditional processing errors are at the 50-micron level, while Guangyunda’s laser forming technology can control errors within 10 microns, which is crucial for the signal stability of 5G equipment. On the other hand, Yilian Unlimited’s overseas channel network will become a “springboard” for Guangyunda to explore the consumer electronics market—among its existing clients are some of Brazil’s largest mobile brand manufacturers, and Guangyunda’s 3D printed precision components can be applied to high-end smartphones’ heat dissipation modules.
“It’s like a puzzle; we were good at the middle ‘precision manufacturing’ segment, and now we have filled in the two key pieces of ‘terminal products’ and ‘market channels.'” A company executive admitted at an investor communication meeting that this cross-industry move is not blind expansion: the technical overlap between the two parties in electronic manufacturing and intelligent equipment exceeds 40%, and the R&D teams have already had multiple informal collaborations in laser welding, precision forming, and other processes.
Behind the Capital Dark War: The Anxiety of Manufacturing “Chain Masters” Breaking Through
Behind the shiny financial data, Guangyunda’s acquisition also reveals the deep-seated anxiety of manufacturing “chain masters.” Despite maintaining a leading position in the additive manufacturing field in China, the industry faces dual pressures of “high-end markets being monopolized by overseas players and mid-to-low-end markets falling into price wars.” The 2023 annual report shows that its additive manufacturing business gross profit margin has dropped from 35% in 2020 to 28%, while the gross profit margin of the communication equipment industry is generally above 35% during the same period.
“Rather than saying it’s a cross-industry move, it’s more like a return.” A securities analyst who has been tracking Guangyunda for a long time pointed out that the company’s founder’s initial entrepreneurial direction was communication equipment accessories, and this acquisition seems more like a cycle of “technology feeding back to business.” Against the backdrop of Shenzhen’s manufacturing industry “changing its cage for birds,” this dual-wheel model of “precision manufacturing + terminal products” may become a common path for traditional manufacturing enterprises to break through growth bottlenecks.
As of the time of publication, Guangyunda has not disclosed specific integration plans, but the capital market has already voted with its feet: on the first trading day after the announcement, the company’s stock price rose against the trend by 6.8%, increasing its market value by 420 million yuan in a single day. Whether this decade-long technological marathon and capital marriage can truly give birth to a new industrial species of “precision manufacturing + communication equipment” may take longer to verify. However, it is certain that in the current global industrial chain restructuring, the story of China’s manufacturing breakthrough is continuously being rewritten from the innovative fertile ground of Shenzhen.
According to the Yangtze River Delta G60 Laser Alliance Secretariat, Guangyunda’s 2024 annual report disclosed that the company achieved an operating income of 1.118 billion yuan, a slight increase of 4.23% year-on-year, but the net profit attributable to the parent company turned from profit to loss, with a loss of 27.366 million yuan, a year-on-year decline of 148.17%.135 The net profit after deducting non-recurring gains and losses further expanded to a loss of 48.107 million yuan, a year-on-year decrease of 233.17%, reflecting a significant deterioration in the profitability of core businesses.313.
From the quarterly performance, the fourth quarter became a “disaster area” for losses: single-quarter revenue of 335 million yuan (year-on-year +8.39%), but the net profit attributable to the parent company lost 59.786 million yuan, a year-on-year decline of 2511.69%, with the loss amount accounting for 218% of the annual loss.513 This abnormal performance is closely related to the company’s concentrated provision for asset impairment—annual reports show that the company made provisions for impairment of assets such as inventory, accounts receivable, fixed assets, and goodwill, leading to a significant shrinkage of fourth-quarter profits.619.
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