Tongda Group Holdings

What Tongda Group Holdings does

Tongda Group Holdings Limited (HKEX: 698) is a Hong Kong-headquartered, Cayman-incorporated precision contract manufacturer founded in 1978 and listed on the Main Board of the Hong Kong Stock Exchange since 2000. The company designs and manufactures high-precision structural parts for smartphones, smart home appliances, network communications equipment, and household and sports goods, supplying most global market-leading smartphone brands (including Samsung, VIVO, and Xiaomi) as well as prominent European and American consumer brand customers. The Group operates from over 18,000 staff across production bases in Shishi, Xiamen, and Dongguan in the PRC, with newly established facilities in Vietnam and Malaysia to serve overseas client demand.

The company's core technology platform spans five raw material domains — plastics, metals, glass, thermoforming, and glass fiber — supported by proprietary processes including In-Mould Lamination (IML), Nano Moulding Technology (NMT), Glastic casings, glass fiber composite casings, Liquid Silicone Rubber (LSR) molding, and tri-proof (PLSR/MLSR/GLSR) components. Most production has been upgraded to automated equipment under an Industry 4.0 framework connecting R&D, supply chain, production, and customer services. R&D centres in Shanghai and Taiwan support LDS antenna and casing development.

Tongda generates revenue through two reportable segments: Consumer Electronics Structural Components (~76.6% of H1 2025 revenue at HK$1,902.8M; HK$4,536.0M / 81.1% in FY2024) and Household and Sports Goods (~23.4% of H1 2025 at HK$580.4M; HK$1,053.7M / 18.9% in FY2024). The Group sells via direct B2B relationships with named OEMs and consumer brand customers under negotiated per-contract pricing. The household and sports goods business was spun off as Tongda Smart Tech (Xiamen) on the Shenzhen Stock Exchange Main Board in March 2023 (Tongda retains 67.5%), and the high-precision components business was divested in April 2024 as part of a multi-year restructuring. FY2024 adjusted revenue was HK$5,589.7 million (up 17.8% YoY), with H1 2025 profit attributable to owners of HK$63.4 million (up ~395.3% YoY), reflecting a clear operational turnaround.

Name

Tongda Group Holdings

Legal name

Tongda Group Holdings Limited

Website

https://www.tongda.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Tongda Group Holdings (HKEX: 698) is a precision contract manufacturer of high-precision structural components for smartphones, smart appliances, networking equipment, and sports goods, supplying most global market-leading smartphone brands and major consumer brand customers across production bases in China, Vietnam, and Malaysia.

Ownership category

akta.pro rank

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D

Revenue model

1. Consumer Electronics Structural Components: Sales of high-precision structural parts including handset casings (Glastic, glass, metal), tri-proof components, smart appliance enclosures, and networking equipment. This is the primary revenue stream, generating approximately HK$1,902.8 million in H1 2025 (76.6% of total revenue) and HK$4,536.0 million in FY2024 (81.1% of total revenue).
2. Household and Sports Goods: Sales of sporting goods, outdoor leisure products, home living products, healthcare products, drinkware, hard coolers, indoor home furnishings, household electric tools, and personal care products. Generated approximately HK$580.4 million in H1 2025 (23.4% of total revenue) and HK$1,053.7 million in FY2024 (18.9% of total revenue). The spin-off business Tongda Smart Tech (Xiamen) was listed on the Shenzhen Stock Exchange Main Board on 13 March 2023, with Tongda Group retaining 67.5% equity interest.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Tongda Group Holdings manufactures high-precision structural parts for smart mobile communications and consumer electronics. Its portfolio covers smartphone casings (Glastic, glass, metal), tri-proof components, smart home appliance panels, networking equipment enclosures, and household and sports goods. The Group supplies these components on a B2B basis to major global smartphone brands, European and American consumer brands, and Chinese domestic brands through production bases in the PRC and Southeast Asia.

Product overview

Tongda Group Holdings is a world-leading solution provider of high-precision structural parts for smart mobile communications and consumer products. The company's portfolio consists of six core product segments: (1) Handsets and Wearable Products Casings — offering Glastic casings, glass back covers, metal middle frames, and tri-proof components from 2G to 5G/AI smartphones; (2) Consumer Electronics Structural Components — covering plastics, glass, and metal casings using NMT, CNC, and MIM technologies; (3) Smart Electrical Appliances — control panels and casings for IoT-connected appliances; (4) Network Communication Facilities — set-top boxes, routers, POS terminals, and 5G equipment; (5) Household and Sports Goods — sporting goods, outdoor products, and home furnishings manufactured by Tongda Smart Tech (Xiamen); and (6) Tri-proof and Precision Injection Parts — waterproof/dustproof/shockproof components. The company operates production bases in Shishi City, Xiamen, Guangdong (PRC), and overseas facilities in Malaysia and Vietnam, serving major global brands in handsets, household goods, and consumer electronics.

Differentiator

Problem solved

Functional benefit

Products and services

• Handsets and Wearable Products Casings High-precision smartphone and wearable device casings including Glastic, glass back covers, metal middle frames, and tri-proof (waterproof/dustproof/shockproof) components supplied to major international brands.
• Consumer Electronics Structural Components

Quantifiable outcome

• Revenue increased approximately 17.8% year-on-year in FY2024 (adjusted for disposed business), from approximately HK$4,743 million to HK$5,589.7 million.
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Catcher Technology: Catcher Technology is a Taiwan-listed precision metal casing supplier for smartphones and notebooks, serving Apple and other flagship OEMs. Directly comparable to Tongda's Glastic, metal middle frames, and precision smartphone casing business.
• Lens Technology: Lens Technology (蓝思科技, 300433.SZ) is a leading Chinese manufacturer of glass covers and touch panels for smartphones, including iPhone glass back covers. Directly comparable to Tongda's glass back cover and Glastic casing capabilities for handset brands.
• BYD Electronic (International): BYD Electronic manufactures handset casings, structural components, and precision parts for major smartphone brands, including tier-1 Android OEMs. Highly comparable in product portfolio (smartphone housings and metal/plastic structural parts) and customer base.
• AAC Technologies: AAC Technologies is a Hong Kong-listed precision components supplier specializing in acoustics, optics, haptics and precision mechanics for smartphones. Comparable to Tongda's high-precision structural components and tri-proof smartphone components business.
• Wingtech Technology: Wingtech Technology (闻泰科技, 600745.SH) is a Chinese smartphone ODM and component manufacturer serving global handset brands with casings and structural components. Directly comparable to Tongda's smartphone structural component business.
• Luxshare Precision: Luxshare Precision is a Chinese precision component and assembly supplier for Apple and other tier-1 consumer electronics brands, covering connectors, acoustics, and structural parts. Comparable in precision components manufacturing and blue-chip customer base.

Broad incumbents

• Hon Hai Precision (Foxconn): Foxconn is the world's largest electronics manufacturing services provider and supplies precision casings and components for iPhones and other tier-1 brands. A much larger incumbent overlapping with Tongda's consumer electronics structural components business.
• Pegatron: Pegatron is a Taiwan-listed EMS provider for consumer electronics including smartphones, notebooks and networking equipment. Overlaps with Tongda's consumer electronics, networking equipment, and notebook components businesses as a broader incumbent.
• Quanta Computer: Quanta Computer is a Taiwan-listed ODM/EMS for notebooks, servers and consumer electronics. Comparable to Tongda's notebook (Tongda Hong Tai) and broader consumer electronics structural components exposure.

Others

• Sunwoda Electronic: Sunwoda Electronic is a Chinese manufacturer of lithium-ion battery packs and modules for smartphones, EVs and energy storage. Adjacent to Tongda in consumer electronics supply chain as a components supplier, though product overlap is limited.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tongda-group-hk

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tongda Group Holdings