Breaking Down Shenzhen TXD Technology Co., Ltd. Financial Health: Key Insights for Investors

Founded in April 2004 in Shenzhen and listed on the Shenzhen Stock Exchange on January 25, 2017 under ticker 002845, Shenzhen TXD Technology Co., Ltd. has grown into a major supplier of small- and medium-sized LCD and camera modules-serving first-line brands like Huawei, OPPO, vivo, Lenovo, TCL, Samsung, Amazon and Hikvision-with over 90% of its products used in the mobile phone industry and a workforce of about 12,006 employees as of late 2025; financially the company reported 9.56 billion CNY in revenue for 2024 (a 12.27% increase year-on-year), carries a market capitalization of roughly 4.22 billion CNY (Oct 22, 2025), and in 2025 executed a share repurchase of 23,415,280 shares (≈7.15% of capital) at a total cost of about 326.43 million CNY, while its actively traded stock has ranged between 12.50 CNY and 17.38 CNY over the past 52 weeks.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): Intro

• Founded: April 2004 in Shenzhen, China
• Primary products: TFT-LCD modules, OLED modules (select models), camera modules, touchscreen assemblies, intelligent display systems
• Channels: direct OEM/ODM contracts, components sales to device assemblers, after-market replacements

• 2004-2006: Founding stage - core competency in small- and medium-sized LCD modules; initial customer base in consumer electronics.
• 2007-2016: Quality and scale-up - gained ISO 9001, expanded production lines and process controls to serve larger OEM customers.
• 2017: Strategic expansion - establishment of Nanchang TXD Intelligent Display Co., Ltd. to accelerate intelligent display product development and diversify into higher-value display systems; same year achieved public listing (002845.SZ) which provided capital for capacity expansion.
• 2018-2025: Workforce and capacity growth - incremental automation, expanded product mix into camera modules and intelligent displays, workforce reaching ~12,006 by late 2025 to support diversified production and R&D.

• R&D and design: internal teams for optical, mechanical and driver electronics; product roadmap spans LCD, select OLED and camera modules.
• Manufacturing: in-house SMT, backlight assembly, LCD cell bonding, clean-room camera assembly and module testing lines for mass production and customization.
• Quality & testing: ISO 9001 framework, inline optical/ electrical testing, environmental and reliability tests to meet OEM specs.
• Sales & distribution: direct OEM/ODM contracts, supply agreements with device makers, targeted B2B sales to industrial and automotive customers.

• Module sales: primary revenue from sales of display modules and camera modules to OEMs (consumer electronics, automotive displays, industrial HMI).
• Customization & engineering: margin-added services for ODM/OEM customization, tooling and small-batch engineering runs.
• After-market & spare parts: replacement modules and service parts for long-tail device support.
• Value-added assemblies: integrated display+touch+camera assemblies and intelligent display units sold at higher unit ASPs.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): History

• Listed on the Shenzhen Stock Exchange (002845.SZ) with a market capitalization of approximately 4.22 billion CNY as of October 22, 2025.
• Workforce of about 12,006 employees as of late 2025, supporting R&D, manufacturing and global sales.
• Shareholder mix includes institutional investors, individual shareholders and company insiders-reflecting a diversified ownership base.

• Share repurchase execution: conducted through a dedicated buyback account via centralized bidding in 2025.
• Repurchase scale (7.15%) indicates active capital-allocation decisions aimed at supporting share price and returning value to shareholders.
• Active trading and a 52-week range of 12.50-17.38 CNY show market liquidity and price volatility typical for mid-cap Chinese tech manufacturers.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): Ownership Structure

• Shenzhen TXD Technology Co., Ltd. is committed to becoming a world-class provider of smart terminal display and touch component solutions and products, emphasizing innovation and quality in its operations.
• The company upholds the concept of 'win-win with the masses of users, win-win with partners, and win-win with employees,' fostering collaborative relationships with stakeholders.
• Shenzhen TXD Technology emphasizes environmental responsibility, ensuring its products comply with EU ROHS2.0, REACH regulations, and Halogen-free environmental standards.
• The company values concerted efforts and mission accomplishment, instilling confidence among its staff to meet challenges and strengthen industry competitiveness.
• Shenzhen TXD Technology is dedicated to continuous improvement, aiming to write new brilliance in the industry through the unity of elite forces.
• The company's mission and values reflect a strong commitment to technological advancement, quality, and stakeholder collaboration.

• Primary business lines: LCD/OLED display modules, capacitive/resistive touch panels, integrated display-touch solutions for smartphones, tablets, automotive, industrial and IoT terminals.
• Revenue model: product sales (direct to OEM/ODMs and via distributors), design and customization services, and after-sales component supply agreements.
• Value drivers: vertical integration of display and touch production, R&D in advanced touch controllers and in-cell/out-cell integration, scale manufacturing to lower unit costs, and certifications for environmental and automotive use.
• Key customers typically include smartphone and consumer electronics OEMs, automotive Tier-1 suppliers, and industrial device manufacturers.

• Top shareholders composition: a mix of institutional investors, company founders/executive holdings, and strategic corporate investors. Major shareholder stakes historically range between 15%-30% for the largest single shareholder.
• Management and board hold meaningful founder/management stakes aligning incentives with long-term operational performance.
• Public float provides liquidity on the Shenzhen Stock Exchange (002845.SZ), supporting secondary-market access for retail and institutional investors.

• Listed on the Shenzhen Stock Exchange (SZSE) under ticker 002845.SZ with regular disclosure of quarterly and annual reports.
• Environment and product compliance: ROHS2.0, REACH registration adherence, and Halogen-free product lines for sensitive markets.
• Audit and supervisory framework: external auditors and board-level supervision consistent with PRC listed company practice.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): Mission and Values

• Core business: design and manufacture of LCD modules, touch modules and camera modules for smart terminals and industrial/automotive applications.
• Primary end market: mobile phone industry - over 90% of outputs are used in mobile devices.
• Key customers: Huawei, OPPO, vivo, Lenovo, TCL, Samsung, Amazon, MOTO, Hikvision, VTech (domestic and international first-tier brands).
• Environmental & compliance standards: products comply with EU ROHS 2.0, REACH regs and Halogen-free requirements.

• R&D-driven product design: centralized development of display and camera modules, iterative co-development with OEM customers to meet size, resolution, touch-sensitivity and power targets.
• Manufacturing footprint: vertically integrated production via core and regional subsidiaries to scale PCB assembly, backlight units, TFT glass processing and module final test.
• Sales & distribution: direct supply agreements with smartphone OEMs and trading operations (including TXD (Hong Kong) Trading Co., Ltd.) for overseas deliveries and customer support.
• Quality & compliance: production and incoming material controls, environmental testing and certifications to satisfy consumer-electronics and automotive reliability requirements.

• Ganzhou TXD Electronic Technology Co., Ltd. - manufacturing and assembly capacity expansion for mid-size modules.
• Nanchang TXD Intelligent Display Co., Ltd. - focused on intelligent display integration and module testing.
• Nanchang TXD Precision Optoelectronics Co., Ltd. - optics, touch sensors and precision component fabrication.
• TXD (Hong Kong) Trading Co., Ltd. - international trading, logistics and channel support.

• Mobile-phone display & touch modules: ~75% of revenue.
• Camera modules and imaging components: ~10-15% of revenue.
• Industrial/automotive and other displays (instrumentation, IoT): ~10% of revenue.

• Volume supply contracts with OEMs: recurring revenue from panel/module orders tied to phone model cycles.
• Customization & co-development fees: higher ASPs for modules with advanced touch, optical or integration features.
• Component-level margin management: sourcing TFT glass, backlights, driver ICs and camera sensors at scale to compress COGS.
• Value-added services: module testing, reliability certification, logistics and localized after-sales engineering.
• Geographic diversification: trading arm enables export sales and reduces dependence on single-market demand swings.

• Enterprise goal: to become a world-class smart terminal display and touch component solution and product provider.
• Strategic initiatives: expand R&D in low-power displays and IMX-level camera modules, strengthen automotive/industrial product certifications, and deepen partnerships with first-line OEMs to secure stable order books.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): How It Works

• Core products: TFT-LCD display modules, camera modules, touch modules and module assemblies tailored for smartphones, tablets, IoT devices and select consumer electronics.
• Production model: In-house design + vertically integrated manufacturing (PCB, optics, module assembly, testing) to control quality and speed-to-market.
• Quality & compliance: Products meet EU ROHS2.0 and REACH requirements to support global OEM procurement standards.

• Direct sales of LCD and camera modules to OEMs/ODMs (largest share).
• Customized module development and design services (engineering/design fees embedded in unit pricing).
• After-sales and quality assurance services (warranty, replacements, calibration).
• Export sales via overseas subsidiaries and partner distribution channels.

• Huawei, OPPO, vivo, Lenovo, TCL
• Samsung, Amazon, MOTO, Hikvision, VTech

• Customer diversification: broad OEM base reduces single-customer dependency and supports stable order flow.
• Compliance and certification: ROHS/REACH compliance expands addressable international markets and large-brand procurement eligibility.
• R&D and product differentiation: investment in optical, image and display technologies to win design-ins and higher-margin customized modules.
• International expansion: subsidiaries and channel partnerships to capture overseas demand and currency/geographic diversification.
• Scale and integration: vertical manufacturing reduces COGS and shortens lead times, enabling competitive pricing on volume orders.

Shenzhen TXD Technology Co., Ltd. (002845.SZ): How It Makes Money

• Core revenue drivers: discrete components, connector modules, RF/microwave parts, and customized assemblies for device makers.
• Channel mix: direct sales to large OEMs, distributors, and international partners via subsidiaries and joint ventures.
• Value-added services: engineering support, design-in partnerships, testing & certification services that extend customer lifetime value.

• Profit levers: scalable manufacturing, higher-mix/higher-margin customized products, and cross-selling of services to existing OEM clients.
• Cost & capital management: share repurchase programs to support EPS and strategic investments in automation to lower unit costs.
• Growth engines: international expansion through subsidiaries and partnerships to diversify revenue and gain access to overseas OEM contracts.