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XIAMEN, China - Unified communications provider Yealink (300628.SZ), a company with impressive gross profit margins of 65.2% and revenue growth of 22.5% over the last twelve months, has formed a strategic partnership with testing and certification firm TÜV SÜD to strengthen its global compliance framework and sustainability initiatives, according to a press release issued Thursday.
The collaboration aims to enhance Yealink's management systems and ensure adherence to international standards. TÜV SÜD will provide certification services to verify that Yealink's products meet safety, energy efficiency, and environmental requirements. According to InvestingPro analysis, Yealink maintains strong financial health with a "GREAT" overall score, suggesting robust operational efficiency.
"This partnership with TÜV SÜD marks an important step in Yealink's long-term strategy for global expansion," said Dawson Cai, VP of Product at Yealink.
Tom Willemse, Senior Manager of Quality and Technical Management North Asia at TÜV SÜD, stated that the partnership would help build "a scalable and future-oriented compliance and ESG framework."
The agreement follows Yealink's recent expansion efforts, including the completion of its European roadshows and the opening of a new operational headquarters in Singapore.
Yealink has already obtained several certifications including ISO 27001/20000/9001, SOC 2, and GDPR compliance. The company reports it is also compliant with emerging regulations such as NIS2 and the EU AI Act.
The partnership will additionally focus on advancing the evaluation of environmental indicators including carbon and water footprints and life cycle assessments.
Yealink (300628.SZ) operates in over 140 countries and regions and is positioned as one of the top three video conferencing providers globally, according to the company's statement. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 10+ additional ProTips available for subscribers, including insights on the company's dividend stability and cash flow strength.
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