As the Winter Solstice comes, everything comes back to life

In 2023, Minami Acoustics rise abruptly based on its accumulated strength

Successfully completed IPO on Growth Enterprise Market of Shenzhen Stock Exchange

It is the concerted efforts of all people of Minami Acoustics

It is also the start of a new journey

We will strive forward and forge ahead

Let the finest sound come from Minami.

[Market and Business]

Customer Services:

In 2023, Minami Acoustics continued providing stable and superior products, and boosted the values of the Company through quality and services. The quality of Minami Acoustics wins recognition from core customers, and obtains relevant awards. Our constant commitment to “Customer Centered and Struggler Oriented”, we have won universal praises from customers.

Minami Acoustics takes the initiatives to make full use of the development trends of technologies and market to keep enlarging the boundaries of customers and products. With the intensified efforts on the cooperation with well-known automobile brands, we have further extended our business presence in the sector of vehicle-borne acoustic products. The focus on major account strategy contributes to the wide recognition of global brands and quick introduction of our products into their supply chains.

Base Construction:

The official completion of the Yudu New Headquarter and IPO Fund Investment Project has diversified the production lines and equipment of the Company. The park and facilities with distinct design features have significantly boosted our R&D and production capacity and corporate image.

The extension project of Zhongshan Base has further improved the production size, supported the expansion of R&D and engineering &technical teams and offered more comfortable office places. 

The Company has further intensified its investment in Malaysian Base to unswervingly carry out the global market strategy.

Financial Performance: 

According to the report in the third quarter, the Company recorded the operating revenue of US $182.8 million in the first three quarters in 2023, seeing a year-on-year growth of 61.43%; the net profit attributable to shareholders of the listed company was US $1.561 million, witnessing a year-on-year growth of 314.19%; it is expected that the financial data of the whole year will achieve further breakthrough compared with that in the previous year.

[Technology and R&D]

Innovation Platform:

In October, 2023, Minami Acoustics Limited was approved as a Postdoctoral Innovation Base of Jiangxi, placing the Company to the position of an important platform for the cultivation of high-level talents and promotion of the in-depth integration of industry-university-research cooperation.

Specialized, Refined, Differential and Innovative Enterprise:

In December, 2023, Minami Medical Technology (Guangdong) Co., Ltd., the main subject for medical business of the Company, won the honor of “Specialized, Refined, Differential and Innovative Medium and Small Enterprise of Guangdong in 2023”.

Patents and Achievements:

As of December 31, 2023, the Company has a total of 493 patents, including 42 invent patents and 451 utility models and design patents, as well as 100 software copyrights. Among them, nine invent patents were newly applied in 2023.

[Strategy and Future]

Officially Got Listed on Capital Market:

On June 9, 2023, Minami Acoustics Limited completed its initial public offering on the Growth Enterprise Market of Shenzhen Stock Exchange. The IPO raised a total of  US $190 million, including the US $ 110 million above the target. The performance represents the support and optimistic attitude of investors to the future development of Minami Acoustics. The successful IPO of the enterprise indicates that Minami Acoustics has entered into a new phase and stepped on a new starting point.

Accelerate Integration between Smart Medical Care and Consumer Electronics:

In May, 2023, Minami Medical attended Beijing International Audiology Conference. At the meeting, Minami Medical demonstrated medical products like pocket hearing aid, in-the-ear aids and behind-the-ear aids.

At the end of 2023, Minami Medical launched an intelligent ring with medical properties. The product could perform 14-hour around-the-clock automatic monitoring of basic vital signs like blood oxygen, heart rate, skin temperature, sports, etc., and record and analyze the data through a health management software platform.

Seminar about Future Planning:

In December, 2023, Minami Acoustics organized the 2023 Management and 2024-2026 Development Planning Conference, and passed the Basic Method on Management and Culture of Minami Acoustics Limited. In addition to the introspection and review of the operation results in 2023, the conference also planned and formulated the development planning for three years from 2024 to 2026. Looking backward, Minami Acoustics achieved milestone development in 2023. Looking at the way forward, all colleagues of Minami Acoustics will guard against arrogance and make concerted efforts to forge ahead by taking advantage of the favorable conditions.