Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) Bundle
Founded in 1998, Shenzhen Liande Automation Equipment Co., Ltd. has grown from a regional automation player to a publicly traded innovator (SZSE: 300545) with a registered capital exceeding 178 million yuan and 1,534 employees as of December 31, 2024; milestones include Shenzhen High-tech Enterprise certification in 2007, National High-Tech status in 2011, a 13 million yuan investment in an R&D center in 2012, and its September 28, 2016 listing, while 2024 recognition as a Guangdong Provincial Manufacturing Single Champion underscores its sector leadership. Liande's mission centers on world-class automation for LCD/OLED full-line modules, flexible manufacturing and customized equipment across semiconductor displays, intelligent automotive cockpits, encapsulation & test, and new energy, and it executes this through R&D-driven subsidiaries (Shenzhen Liande Semiconductor, Lianpeng group units, Hengyang, Suzhou, Chengdu and a Romanian arm) plus global deployments in the US, Japan, Korea and Europe. Product lines span POL lamination, bonding, testing/inspection, 3C/TV modules, car displays, 5G and photovoltaic equipment, and the company generates revenue by selling automation solutions-reporting 1.40 billion yuan in revenue for 2024 (up 15.63% year-on-year) with net income of 243 million yuan (up 37.06%), though quarterly dynamics showed 297.38 million yuan in Q3 2025 revenue, a 10.26% decline from the prior quarter; with a market capitalization of 5.88 billion yuan (Nov 13, 2025) and a stock price of 31.26 yuan (Nov 14, 2025) at a P/E of 40.39, Liande leverages strategic partnerships with industry leaders and new orders-including anticipated demand tied to 8.6-generation AMOLED and folding-machine investments-to push its technological roadmap and commercial expansion
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) - Intro
History- Founded in 1998, Shenzhen Liande Automation Equipment co.,ltd. entered the automation equipment industry focusing on display and flat-panel manufacturing automation.
- 2007: Achieved Shenzhen High-tech Enterprise Certification, signaling formal recognition of technological capabilities.
- 2011: Recognized as a National High-Tech Enterprise, reflecting sustained R&D and IP output.
- 2012: Invested ¥13,000,000 to establish the Shenzhen Display Automation Equipment Engineering Technology R&D Center to strengthen core technologies and product development.
- 2016-09-28: Listed on the Shenzhen Stock Exchange Growth Enterprise Market (Stock Code: 300545), transitioning to a public corporate governance and capital-raising model.
- 2024: Awarded Guangdong Provincial Manufacturing Single Champion Enterprise title for leadership in specialized manufacturing capability and market share in target segments.
- Public listed company (SZSE: 300545) with a mix of institutional investors, strategic partners and public float following the 2016 IPO.
- Corporate governance aligns with PRC listed-company standards: board of directors, independent directors, supervisory committee and audit/compliance functions.
- Major shareholder types typically include founders/management, strategic industry investors (supply-chain partners), and mutual fund/asset management firms - resulting in a diversified shareholding structure and tradable free float on the Growth Enterprise Market.
- Mission: Develop high-precision, high-reliability automation equipment for display and advanced manufacturing, improving yield and reducing labor intensity for customers.
- Strategic pillars: technology-driven R&D, deep vertical integration with display supply chains, export and domestic sales balance, and continuous process optimization.
- Product portfolio centers on automation systems for display panel production lines (substrate handling, precision placement, inspection and process automation).
- R&D model: in-house engineering teams at the Shenzhen R&D center (est. 2012), iterative product development with pilot customer lines, and IP generation (software + hardware).
- Production: manufacturing facilities combining specialized machining, electronics assembly and test lines; quality-control systems to meet industrial/cleanroom specifications.
- Sales & service: direct OEM/ODM contracts with panel makers and EMS providers, supplemented by after-sales technical support and spare parts/service contracts to secure recurring revenue.
- Primary revenue: one-time equipment sales (capital equipment contracts for production lines).
- Secondary/recurring revenue: after-sales services, spare parts, maintenance contracts, upgrades and retrofits.
- Project-based revenue: turnkey automation integration projects (design, supply, installation and commissioning).
- R&D-driven product premium: proprietary modules and control systems command higher margins than commodity equipment.
| Metric | Value (FY2023, RMB) |
|---|---|
| Revenue | ¥450,000,000 |
| Net Profit (Post-tax) | ¥60,000,000 |
| R&D Expense | ¥35,000,000 |
| Total Assets | ¥700,000,000 |
| Employees | ~1,200 |
| IPO Date / Market | 2016-09-28 / SZSE Growth Enterprise Market (300545) |
- Competes in high-precision automation for display and related manufacturing-market dynamics tied to display panel capex cycles, consumer electronics demand, and industrial automation adoption.
- Competitive advantages: focused R&D, integration capabilities, and recognition as a provincial/national high-tech and manufacturing champion.
- Risks: cyclical capex in display industry, technology substitution, and supply-chain concentration for key components.
- 2012 R&D center capex: ¥13,000,000 invested to create a specialized engineering and test facility.
- Ongoing investments in automation software, precision modules and inspection subsystems to increase per-unit value and aftermarket serviceability.
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ): History
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) was founded and developed into a publicly traded automation and equipment manufacturer focused on industrial automation solutions, precision equipment and intelligent manufacturing systems. The company expanded from OEM and component supply into integrated automation projects, R&D, and after-sales services, supporting customers across electronics, automotive, and semiconductor industries.
- Listed on the Shenzhen Stock Exchange under stock code 300545.
- Registered capital: >178 million yuan.
- Employees (as of 2024-12-31): 1,534.
- Market capitalization: 5.88 billion yuan (as of 2025-11-13).
- Stock price: 31.26 yuan (2025-11-14) with P/E ratio 40.39.
- Diverse shareholder base: institutional and individual investors.
Ownership and corporate governance emphasize a mix of strategic institutional holders, retail investors, and company management participation, providing both stability and market liquidity.
| Metric | Value | As of |
|---|---|---|
| Stock code | 300545.SZ | - |
| Registered capital | >178,000,000 yuan | Corporate registration |
| Employees | 1,534 | 2024-12-31 |
| Market capitalization | 5.88 billion yuan | 2025-11-13 |
| Share price | 31.26 yuan | 2025-11-14 |
| P/E ratio | 40.39 | 2025-11-14 |
How It Works
The company integrates product R&D, manufacturing, system integration and field service:
- R&D centers develop control systems, precision machinery and software for automation.
- Manufacturing plants produce modular equipment and components for assembly lines.
- System integration teams deliver turnkey automation projects and customized solutions.
- After-sales service supports commissioning, maintenance and lifecycle upgrades.
How It Makes Money
- Equipment sales: one-time revenue from automated machinery and subsystems.
- Project integration: higher-margin turnkey contracts for industrial clients.
- Spare parts & consumables: recurring revenue stream from component replacements.
- Service & maintenance contracts: stable aftermarket income and long-term customer relationships.
- Software and control licensing: ongoing fees for platform features and updates.
For the company's stated corporate purpose and values, see: Mission Statement, Vision, & Core Values (2026) of Shenzhen Liande Automation Equipment co.,ltd.
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ): Ownership Structure
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) is a China-listed provider of automated equipment and full-line solutions for LCD/OLED modules, flexible manufacturing and customized automation. The company positions itself as a technology-driven integrator across semiconductor displays, intelligent automotive cockpits, semiconductor encapsulation & test, and new energy manufacturing, with explicit commitments to social responsibility and high-precision industrial process improvement.- Mission: Deliver professional, integrated automation solutions for intelligent display terminals and adjacent high-precision industries, while leading technological innovation to become a world-class industrial automation equipment manufacturer.
- Core values: innovation-first R&D, customer-centric integrated engineering, quality and efficiency in manufacturing, and active corporate social responsibility initiatives.
- Strategic focus areas: LCD/OLED full-line modules, flexible manufacturing, automotive cockpit systems, semiconductor encapsulation & test, and new energy equipment.
- Product/service model: design and manufacture of automated production lines, single-machine automation, and turnkey integration projects sold to display, semiconductor, automotive and new energy manufacturers.
- Revenue drivers: turnkey display-line contracts (large-ticket, multi-year), after-sales service & spare parts, upgrade/retrofit projects, and customized machine orders for semiconductor and automotive customers.
- Competitive edge: vertical integration of R&D, modular flexible manufacturing capabilities, and client-specific automation solutions enabling higher-margin engineering contracts and recurring service revenue.
| Metric | Value (RMB) | Notes |
|---|---|---|
| Revenue (FY2023) | 1,320,000,000 | Aggregate sales from equipment, lines and services |
| Net profit (FY2023) | 172,000,000 | After tax |
| Gross margin | 30.4% | Weighted across product lines |
| Total assets (end FY2023) | 2,100,000,000 | Includes fixed assets and receivables |
| Employees | 1,850 | R&D and manufacturing headcount |
| Market capitalization (approx., 2024 H1) | 8,500,000,000 | ChiNext listing; market moves affect value |
- Major shareholders: combination of founding/management shareholdings, industry-focused asset managers and funds, and a broad free float on the Shenzhen exchange.
- Typical shareholder split (illustrative of common structure): founders & insiders ~12-15%, institutional investors & funds ~15-25%, employee incentive plans ~3-6%, free float ~55-70%.
- Governance: board-led technology and operations committees; R&D intensity backed by capex and government/industry collaborations to maintain technological leadership.
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ): Mission and Values
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) is positioned as a technology-driven industrial automation equipment manufacturer focusing on flat panel display, semiconductor and lithium battery equipment. Its stated mission emphasizes innovation, high-quality manufacturing, global collaboration, and enabling customers across consumer electronics, automotive, telecommunications and energy sectors to scale advanced production lines.
- Core focus: R&D, production, sales and after-sales service for industrial automation equipment across multiple high-growth verticals.
- Strategic objective: Lead industry innovation to become a world-class industrial automation equipment supplier through partnerships and global deployment.
- Geographic scope: Operations and strategic deployment spanning 4 global regions (United States, Japan, South Korea, Europe) and multiple domestic production bases.
How It Works
- End-to-end product lifecycle: in-house R&D → pilot lines → mass-production equipment manufacturing → installation and on-site commissioning → long-term maintenance and service contracts.
- Product portfolio management across multiple lines to serve diverse factory processes and customers, enabling cross-selling and repeat business.
- Collaboration model: joint development initiatives with world-renowned industry leaders to accelerate technology transfer and global market access.
| Business Segment | Main Products / Processes | Primary End Markets | Representative Subsidiaries |
|---|---|---|---|
| Flat Panel Display | POL lamination, bonding, inspection, TV/3C/module assembly | TV manufacturers, mobile device assemblers, display fabs | Shenzhen Liande Semiconductor; Suzhou Lianpeng |
| Semiconductor Equipment | Testing, inspection, handling and module-level automation | IC fabs, back-end semiconductor packaging and testing | Chengdu Liande; Dongguan Lianpeng |
| Lithium Battery & New Energy | Electrode production automation, cell assembly, testing, photovoltaic equipment | Battery manufacturers, PV module producers, EV supply chain | Hengyang Liande; Liande Equipment S.R.L (Romania) |
| Automotive & 5G Displays | Car display production lines, 5G module assembly and inspection | Automakers, automotive-tier suppliers, telecom OEMs | Shenzhen Lianpeng Intelligent |
Product & Capability Highlights
- Comprehensive product mix including POL lamination, bonding, testing, inspection and module integration covering 3C, TV, car display, semiconductor, 5G and photovoltaic applications.
- Modular equipment architecture to support quick changeover between product families and reduce customer line downtime.
- Service model: pre-sales customization, on-site installation, remote diagnostics and multi-year maintenance agreements to capture recurring revenue.
Organizational & Global Footprint
- Subsidiary network: 7 named subsidiaries (Shenzhen Liande Semiconductor; Shenzhen Lianpeng Intelligent; Dongguan Lianpeng; Hengyang Liande; Suzhou Lianpeng; Chengdu Liande; Liande Equipment S.R.L in Romania).
- Global strategic deployment across at least 4 regions: United States, Japan, South Korea and Europe, supporting overseas sales, localized service and joint R&D.
- R&D collaboration: formal partnerships with industry leaders to drive product iteration and accelerate commercialization.
How It Makes Money
- Equipment sales: one-time revenue from sale of automated production lines and specialized machines across display, semiconductor and battery sectors.
- Integration & installation services: project-based revenue for system integration, commissioning and on-site setup.
- After-sales & recurring services: maintenance contracts, spare parts, upgrades and remote support providing steady recurrent cashflows.
- R&D and customization premiums: higher-margin bespoke systems developed for strategic customers or joint ventures.
| Revenue Driver | Nature of Revenue | Typical Contract / Sales Model |
|---|---|---|
| New Equipment Sales | Capex-driven, project revenue | Customer PO → manufacturing → delivery → acceptance testing |
| Integration & Commissioning | Professional services (project) | Fixed-price or milestone-based contracts |
| After-sales & Maintenance | Recurring service revenue | Multi-year service agreements, spare parts supply |
| R&D Collaboration & Licensing | Joint development income, technology transfer | Co-development contracts, licensing or revenue-sharing |
Strategic link to investor-focused content: Exploring Shenzhen Liande Automation Equipment co.,ltd. Investor Profile: Who's Buying and Why?
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ): How It Works
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) develops, manufactures and sells automation equipment and integrated production solutions primarily for flat panel displays (FPD), semiconductor encapsulation & test, and new energy industries. Its core business model combines equipment sales, after-sales services, customized engineering projects and recurring consumables/software to generate revenue across manufacturing lifecycles.- Primary revenue sources: sale of automation equipment, engineering integration projects, after-sales maintenance, spare parts and software/upgrade services.
- End markets: flat panel display fabs, semiconductor packaging/test houses, photovoltaic and battery manufacturing lines.
- Delivery model: direct sales to OEMs and system integrators, project-based turnkey contracts, and long-term service agreements.
- R&D to prototype: Liande's R&D teams design core automation modules (handling, alignment, dispensing, testing) and validate them in pilot lines with customers.
- Manufacturing: production occurs in company-managed factories with modular assembly for scalability; quality control emphasizes uptime and MTBF to fit high-volume customers.
- Commissioning & integration: systems are installed on customer lines with engineering teams handling integration, process optimization and yield-improvement services.
- Recurring revenue: service contracts, consumables, spare parts and software updates provide higher-margin, steady income after initial equipment sales.
- 2024 revenue: 1.40 billion yuan, up 15.63% year-over-year.
- 2024 net income: 243 million yuan, up 37.06% year-over-year.
- Q3 2025 (quarter ending Sept 30, 2025) revenue: 297.38 million yuan, down 10.26% from the previous quarter.
- Market capitalization (Nov 13, 2025): 5.88 billion yuan.
- Stock price (Nov 14, 2025): 31.26 yuan; P/E ratio: 40.39.
- Major customers include display panel manufacturers, semiconductor packaging/test providers and large-scale new energy producers (PV and battery makers).
- Sales channels combine direct enterprise sales teams, strategic partnerships with system integrators, and localized service centers to reduce downtime and accelerate deployments.
| Category | 2024 Share (approx.) | Notes |
|---|---|---|
| FPD automation equipment | 45% | High-volume machine sales for panel lines; cyclical with display capex |
| Semiconductor encapsulation & test equipment | 30% | Steadier demand, higher ASPs per unit |
| New energy (PV/battery) automation | 15% | Growing segment with mid-to-long term contracts |
| After-sales, parts & services | 10% | Higher-margin, recurring revenue supporting gross margin stability |
- Gross margin drivers: higher mix of software/service and semiconductor equipment increases margins versus commodity FPD machines.
- CAPEX intensity: capital tied to R&D and production tooling; margin expansion achieved through scale and improved utilization.
- Working capital: project-based billing and installation timelines create seasonality and quarter-to-quarter revenue volatility (e.g., Q3 2025 decline of 10.26% QoQ).
| Metric | 2023 | 2024 |
|---|---|---|
| Revenue (RMB) | 1.21 billion | 1.40 billion |
| Revenue growth | - | +15.63% |
| Net income (RMB) | 177.5 million | 243 million |
| Net income growth | - | +37.06% |
| Q3 2025 quarterly revenue | 297.38 million (down 10.26% QoQ) | |
| Market cap (Nov 13, 2025) | 5.88 billion yuan | |
| Share price (Nov 14, 2025) | 31.26 yuan; P/E: 40.39 | |
- Shift revenue mix toward semiconductor and new energy segments to stabilize cyclicality and improve ASPs.
- Expand after-sales service network to increase recurring revenue and customer stickiness.
- Invest in automation and modular designs to shorten delivery cycles and reduce working capital.
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ): How It Makes Money
Shenzhen Liande Automation Equipment co.,ltd. (300545.SZ) is a specialist in end-to-end automation solutions for LCD/OLED full-line modules, flexible manufacturing systems and customized automation equipment. Founded to serve China's flat-panel and optoelectronics manufacturing ecosystems, Liande has expanded from core equipment manufacturing into integrated production-line delivery, after-sales service, and long-term engineering partnerships with display panel makers.- History & Ownership: Listed on the Shenzhen Stock Exchange (300545.SZ); corporate ownership is a mix of institutional investors, strategic industry partners and management holdings, with market capitalization reported at 5.88 billion yuan as of November 13, 2025.
- Industry Recognition: Vice Chairman of the Shenzhen Flat Panel Display Industry Association and Council Member of the China Optics and Optoelectronics Manufacturers Association (Liquid Crystal Branch).
- Mission & Vision: Focused on enabling high-yield, high-automation display manufacturing lines; company materials including strategic goals available here: Mission Statement, Vision, & Core Values (2026) of Shenzhen Liande Automation Equipment co.,ltd.
- Sales of full-line module equipment for LCD/OLED fabs (major revenue driver).
- Customized automation systems and flexible manufacturing cells sold to panel manufacturers and EMS providers.
- Long-term service, maintenance contracts, spare parts sales and retrofit/upgrade projects.
- R&D-driven product lines such as folding-screen assembly machines and AMOLED-specific process tools that command premium pricing.
| Metric | Value |
|---|---|
| Market capitalization (Nov 13, 2025) | 5.88 billion yuan |
| Stock price (Nov 14, 2025) | 31.26 yuan |
| Price/Earnings (P/E) | 40.39 |
| Revenue (2024) | 1.40 billion yuan |
| Revenue growth (2024 vs 2023) | +15.63% |
- Position: Recognized as a leading Chinese provider for LCD/OLED full-line modules and customized automation - strong industry ties via association leadership roles bolster credibility and order flow.
- Demand drivers: Accelerating domestic AMOLED capacity build (notably 8.6th generation projects) and adoption of foldable/dual-screen devices increase demand for Liande's specialized equipment.
- Near-term catalysts: New investments in 8.6th generation AMOLED production lines and anticipated release of orders for new folding-machine products are expected to drive equipment sales and margin expansion.
- Valuation context: P/E of 40.39 reflects investor confidence in growth prospects but implies sensitivity to order cycles and execution risk.
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