Revenue of the three major domestic smart hardware ODM manufacturers in 2023

In 2023, Huaqin Technology ranked first with a revenue of 85.338 billion yuan, while Wingtech Technology and Longcheer Technology ranked second and third with 44.232 billion yuan and 27.185 billion yuan respectively. In the first quarter of 2024, Huaqin Technology still maintained its leading position with a revenue of 16.229 billion yuan, while Wingtech Technology and Longcheer Technology had revenues of 12.42 billion yuan and 10.337 billion yuan respectively. It is worth noting that Longcheer Technology's revenue in the first quarter of 2024 increased by 146.95% year-on-year.