Fathom China

Fathom China Team

Aug 01st 2019

Han's Laser Technology Industry Group (“Han’s Laser”) is China’s largest maker of laser machinery, which uses lasers to engrave, etch, cut or weld leather, plastics, metals and other materials. Its clients are industrial manufacturers, mainly consumer electronics makers.

Fathom China

Fathom China Team

Aug 01st 2019

Beijing Oriental YuhongWaterproof Technology (“Oriental Yuhong”) is China’s top supplier of waterproofingmaterials for industrial construction and infrastructure.

Fathom China

Fathom China Team

Jul 31st 2019

Chinese government officials and tech-industry leaders are locked in debate over the country’s best response to US export controls. Hanging in the balance is nothing less than China’s semiconductor policy. Beijing will invest billions of dollars to offset the impact of US export sanctions. Who that money helps will impact the fortunes of chip firms in China and abroad. The debate in China is not yet settled. Fathom China’s impression is that the...

Fathom China

Fathom China Team

Jul 18th 2019

Sino Biopharmaceutical (“Sino Biopharm”) is one of China’s most successful drug makers, but it faces headwinds. The politically well-connected firm is a holding company with 30 subsidiaries, and this report focuses on the three most important. All are under pressure from government efforts to cut drug prices, and sales revenue is falling for many of Sino Biopharm’s top drugs. In search of new markets, Sino Biopharm is shifting from its...

Fathom China

Fathom China Team

Jul 01st 2019

GigaDevice Semiconductor (Beijing) (“GigaDevice”) is one of China’s leading fabless chip firms. It designs and sells flash memory chips and microcontrollers, and recently started working on random-access memory chips.

Fathom China

Fathom China Team

Jul 01st 2019

Yifeng Pharmacy Chain (“Yifeng”) is a leading discount pharmacy chain selling over-thecounter and prescription drugs through directly-owned and franchised stores.

Fathom China

Fathom China Team

Jun 25th 2019

In this issue • China’s top leader signals new VOD controls. Xi Jinping led a meeting of top officials and called for a more thorough system of reviewing film, drama and VOD. • iQiyi releases new season of Rap of China amid turmoil. The talent show remains popular despite pressure to dumb down its content and the recent arrest of its music director. • NRTA visits the party’s birthplace. In case you doubted the censor’s loyalty to the party. •...

Fathom China

Fathom China Team

Jun 03rd 2019

Of all the foreign know-how that Huawei Technologies (“Huawei”) needs but now can’t get, the most essential is chip-architecture licenses from UKbased Arm. Arm’s architecture is used in Huawei’s high-end Kirin mobile SoCs and also in its Tiangang chips for 5G base stations, both made by Huawei’s chip-design subsidiary, HiSilicon Technologies. Huawei can use stockpiled chips, and can do its best to upgrade the chips based on the license that it...

Fathom China

Fathom China Team

Jun 01st 2019

Glodon charges licensing or subscription fees for software that it offers to real-estate developers and construction firms. Its construction-management software does 3D modeling called “building information modeling,” or BIM.

Fathom China

Fathom China Team

Jun 01st 2019

Ofilm Group (“Ofilm”)makes touch panel modules, camera modules and other optical and optoelectronic components, mainly for mobile phones.

Fathom China

Fathom China Team

May 28th 2019

Facing a ban on US-sourced products, Huawei Technologies (“Huawei”) is switching key supply orders to firms in Taiwan, according to multiple sources. “Huawei is demanding that vendors send as much supply as they can – however much they can provide, it will buy,” says Taipei-based China Times. US export controls dictate that foreign firms whose wares derive more than 25% of their value from US components are barred from selling to Huawei. How...

Fathom China

Fathom China Team

May 21st 2019

Chinese leader Xi Jinping sent an unmistakable message to his country with his visit on May 20 to the starting point of the Communist Party’s famous Long March. Even 85 years after the March began, the event has an emotional impact in China bigger than any analogous event in US history. Imagine Valley Forge but epic: facing defeat by Chiang Kai-shek’s army in 1934, the Communists spent a year retreating on foot even through Tibetan bogs that...

Fathom China

Fathom China Team

May 01st 2019

EstunAutomation (“Estun”) is a leading Chinese maker of industrial robots and core automation components like controllers, reducers and servos.

Fathom China

Fathom China Team

May 01st 2019

Wuxi AppTec is China’s largest outsourced drug research and manufacturing firm. Most of its customers are foreign pharmaceutical companies.

Fathom China

Fathom China Team

Apr 29th 2019

In this issue • US goals for Huawei. The US hit Huawei with export sanctions to gain trade negotiating leverage and to undermine demand for Huawei’s 5G networking equipment, and it will probably succeed on both counts, although American technology companies will suffer too. • Innotron’s technology source. China’s last remaining DRAM hopeful has finally revealed where it got its technology but its comments raise more questions than they answer...

Fathom China

Fathom China Team

Apr 17th 2019

Jiangsu Hengrui Medicine (“Hengrui”) is a leading Chinese drug firm that grew by making generic medications whose patents have expired. An estimated 70% of its revenue comes from generics, especially those that fight cancer. Recent government reforms are driving down drug prices, threatening Hengrui’s margins and profits. Following a few years of market chaos, the company’s position should improve as small rivals drop out and unit sales increase...

Fathom China

Fathom China Team

Apr 01st 2019

AVIC Jonhon Optronic Technology (“AVIC Jonhon”) is a state-owned, military-backed firm making high-end connectors for aviation, aerospace, autos and communications.

Fathom China

Fathom China Team

Apr 01st 2019

Shenzhen Goodix Technology (“Goodix”) is a world-leading supplier of touchscreen and fingerprint identification solutions for Android phones and tablets.

Fathom China

Fathom China Team

Apr 01st 2019

Zhejiang Sanhua Intelligent Controls (“Sanhua”) makes small temperature-control components such as valves, pumps and frequency inverters that are installed in home appliances and air conditioners.

Fathom China

Fathom China Team

Mar 11th 2019

In this issue • Crackdown on imperial dramas spreads to VOD • Signs of trouble at Youku • Wandering Earth hits all the right political notes • iQiyi losses grow • Alibaba confirms stake in Bilibili • Alibaba celebrates Green Book.

Fathom China

Fathom China Team

Mar 07th 2019

China’s second-biggest e-commerce company, JD.com (“JD”), in 2016 launched a new business—it opened its logistics services to non-JD merchants. JD had long been known for its vertically integrated warehousing and deliveries, in contrast with industry leader Alibaba Group Holdings (“Alibaba”), which outsources both. JD tried to turn a cost center into a profit center in 2017 by creating JD Logistics (“JDL”). JDL will deliver pretty much anything...

Fathom China

Fathom China Team

Mar 01st 2019

Contemporary Amperex Technology (“CATL”) is the world’s largest maker of lithiumion batteries for electric vehicles (“EVs”). Its clients are mostly car makers in China.

Fathom China

Fathom China Team

Mar 01st 2019

Hangzhou Robam Appliances (“Robam”) is the leader in China’s kitchen appliance market. Its top products are range hoods (also known as exhaust fans) and gas stoves. It is moving into new products such as dishwashers, dish sterilizers and steam ovens.

Fathom China

Fathom China Team

Feb 02nd 2019

Suofeiya Home Collection (“Suofeiya”) is the second-biggest maker of custom furniture in a country where most new homes have no closets, cabinets or other fixed hardware. The company targets mid- to high-end homeowners and sells across China.