Yongdao-KY (6863-TW), as a leading global supplier of RFID electronic tags, recently announced its impressive financial performance and market expansion results. With its deep accumulation and innovative strength in the field of RFID technology, Yongdao-KY has not only gained a significant share in the market, but also achieved leapfrog growth in financial performance.
According to the latest financial report released by Yongdao-KY, the company's annual revenue in 2024 reached NT$4.612 billion, a year-on-year increase of 71.7%. Even more impressive is that the company's net profit after tax reached NT$847 million, a year-on-year increase of an astonishing 89%. This achievement is mainly due to the growth of industrial demand, the expansion of new applications and the increase in production capacity in Greater China.
In the face of the expansion of market demand, Yongdao-KY actively promoted its capacity expansion plan. The company invested in the construction of a new plant in Xing'an Province, Vietnam, with a total investment of 2 billion yuan. This move not only further strengthened Yongdao-KY's supply chain resilience, but also laid a solid foundation for the company's continued growth in the future. It is expected that the Vietnam plant will achieve mass production in the second half of the year, and the global total production capacity will exceed 10 billion pieces by the end of the year.
In addition to capacity expansion, Yongdao-KY continues to promote R&D innovation and sustainable development. The company's new products continue to pass ARC certification, and it has successfully developed niche products such as thin flexible anti-metal labels, test tube labels, animal labels, cosmetics and jewelry labels. At the same time, Yongdao-KY also fully introduced automated production and data-based quality control, promoted green supply chains, and invested in the research and development of environmentally friendly low-carbon labels. These measures not only enhance the company's technical strength and product quality, but also inject new impetus into the company's sustainable development.
Successfully introduced RFID technology into the top five logistics providers in North America
In terms of market expansion, Yongdao-KY has also achieved remarkable results. The company successfully introduced RFID technology into the top five logistics providers in North America. This move not only increased the application penetration rate of RFID technology in the logistics field, but also brought considerable business growth to Yongdao-KY. With the expansion of logistics applications and the expansion of retail customers' use, Yongdao-KY's RFID technology is gradually changing the operation mode of the logistics industry and improving logistics efficiency and accuracy.
According to the latest ranking in 2024, the top five logistics companies in North America are as follows:
1. Amazon (Amazon.com Inc.): Ranked first with a total revenue of US$140.053 billion, Amazon provides a wide range of logistics and supply chain management services through its warehousing and distribution network.
2. C.H. Robinson Worldwide: Total revenue of US$16.746 billion, ranked second, providing freight forwarding and logistics solutions.
3. J.B. Hunt Transport Services: Total revenue of US$12.51 billion, ranked third, focusing on ground transportation and logistics services.
4. UPS Supply Chain Solutions: Total revenue of US$11.461 billion, ranked fourth, providing comprehensive logistics and supply chain services.
5. GXO Logistics: Total revenue of US$9,778 million, ranked fifth, focusing on e-commerce logistics and contract logistics services.
It can be seen that their revenue scale is large. If the top five logistics companies in North America all apply RFID on a large scale, it is expected to bring huge growth to the RFID market. Looking ahead, Coopers is optimistic that logistics will become the next "hundred billion-level application" after retail. In addition, Lin Bingyi, general manager of Yongdao-KY, said that he would continue to deepen the global market layout, flexibly respond to tariff and supply chain changes, and provide cost-effective and flexible solutions. The company will continue to expand its market share to ensure steady growth. At the same time, Yongdao-KY will continue to strengthen its production layout and market strategy to ensure steady growth in operations. With the increase in production capacity and the growth of logistics market demand, Yongdao-KY is expected to achieve more brilliant development in the future.
UHF tag shipments are expected to continue to grow
According to the report of AIoT Star Chart Research Institute, UHF tag shipments are expected to continue to grow, and annual shipments will reach more than 100 billion around 2030. From the perspective of market demand, in the field of logistics, large logistics companies such as UPS have already used RFID tags on a large scale in express parcels and bulk bags, and this application trend is continuing to strengthen. For example, Yongdao mentioned that the top five logistics companies in North America have already introduced RFID technology. In terms of retail, well-known global footwear and clothing brands have basically popularized RFID tags for inventory and anti-theft, and its application scope may be further expanded in the future. In addition, emerging application scenarios are also emerging. The demand for full traceability in the food and pharmaceutical fields is increasing, the demand for rapid inventory and monitoring of fixed assets in asset management is increasing, and the application of RFID tags in ETC and vehicle management in intelligent transportation is also increasing.
In addition, technological progress and cost reduction will also promote the continued growth of UHF RFID tag shipments. Advances in chip manufacturing processes and innovations in radio frequency technology have enabled UHF RFID tags to have longer reading distances, faster data transmission rates, and stronger anti-interference capabilities to meet the needs of complex environments. At the same time, with the development of technology, the production cost of UHF RFID tags continues to decline, and the price is more competitive, enabling more companies to adopt this technology.
The promotion of policies and regulations is also expected to become a driving force for the continued growth of UHF RFID tag shipments. For example, the EU's upcoming digital product passport regulations require products to carry digital identities for full tracking, which will prompt more companies to use RFID tags. Moreover, the promotion of smart manufacturing and Industry 4.0 by governments has provided policy support for the application of UHF RFID tags in the manufacturing industry, further expanding market demand.
This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)
