LY iTECH
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LY iTECH - overview
Established
2006
Location
Shenzhen, Guangdong, China
Primary Industry
Materials
About
Founded in 2006 and based in Shenzhen, China, LY iTECH provides intelligent manufacturing services and has undergone strategic developments to enhance its operational capabilities. In June 2020, AEGON-INDUSTRIAL Fund Management, Caitong Fund Management Co. , Ltd. , China Merchants Securities Zhiyuan Capital, Foresight Fund, GenHarmony, Huian Fund Management and other unspecified investors acquired 322.
23 million shares in LY iTECH at CNY 9. 31 apiece for CNY 3 billion, in a PIPE transaction. LY iTECH specializes in providing comprehensive intelligent manufacturing services and solutions, focusing on precision components, structural parts, modules, and assembly services. Lingyi's products and services are marketed globally, addressing the needs of various industries across regions such as North America, Europe, and Asia.
LY iTECH generates revenue through a structured B2B model, primarily serving businesses that require advanced manufacturing solutions. The funding raised in June 2020 will be used for a precision metal processing project, an electromagnetic functional materials project and to supplement working capital.
Current Investors
AEGON-INDUSTRIAL Fund Management, China Merchants Securities Zhiyuan Capital, GenHarmony
Primary Industry
Materials
Sub Industries
Consumer Products, Advanced Materials, Materials
Website
www.lingyiitech.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
LY iTECH - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,060,288,682.2 | 4,869,278,346.6 | 12,051,500,774.8 | 15,925,169,841.9 | 22,499,664,452.6 | 23,915,823,147 | 28,142,547,990.1 | 30,384,494,153.3 | - | - | - |
| % Revenue Growth (YoY) | - | 136.3% | 147.5% | 32.1% | 41.3% | 6.3% | 17.7% | 8.0% | - | - | - |
| EBITDA (USD) | 77,127,136.7 | 185,350,786.6 | 477,722,445.6 | 1,713,889,170 | 181,036,254.1 | 3,075,539,553.8 | 3,435,450,245 | 2,366,454,097.9 | - | - | - |
| Operating Income (USD) | (13,908,796.8) | 80,941,026.8 | 312,330,217.3 | 1,469,655,151 | (603,813,503) | 2,220,221,706.5 | 2,457,943,514.9 | 1,083,696,871 | - | - | - |
| Operating Margin | (0.7%) | 1.7% | 2.6% | 9.2% | (2.7%) | 9.3% | 8.7% | 3.6% | - | - | - |
| % EBITDA Margin | 3.7% | 3.8% | 4.0% | 10.8% | 0.8% | 12.9% | 12.2% | 7.8% | - | - | - |
| NET Income (USD) | (3,502,353.4) | 59,961,415 | 251,567,738.9 | 1,408,053,971.6 | (745,658,273.6) | 1,890,961,624.5 | 2,268,157,010.9 | 1,183,703,600.3 | - | - | - |
| % Net Margin | (0.2%) | 1.2% | 2.1% | 8.8% | (3.3%) | 7.9% | 8.1% | 3.9% | - | - | - |
LY iTECH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | KD-STN AutoInterior | - | ||||||||
| Add-on | Completed | Xianglong Manufacturing | - | ||||||||
| PIPE | Completed | LY iTECH | - |
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