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SHENZHEN, China - ZJK Industrial Co. Ltd. (NASDAQ: ZJK), a manufacturer of precision parts for various high-tech sectors with a market capitalization of $276 million and strong financial health according to InvestingPro, has obtained a patent for a novel image recognition-based inspection-control system aimed at enhancing the efficiency and accuracy of carrier tape packaging used in surface-mount technology (SMT). The China National Intellectual Property Administration granted the patent for this system, which automates the detection of packaging anomalies.
The patented system features two image acquisition modules and corresponding analysis modules to identify defects during the packaging process of electronic components. The technology is designed to detect anomalies in real-time, with the control module stopping the packaging machine upon detection of any issues. This automation is expected to replace manual post-packaging inspections, which are typically time-consuming and less reliable.
Ning Ding, CEO of ZJK, stated that the system could be integrated into existing production lines and is expected to significantly improve production efficiency with an accuracy rate of nearly 100% in detecting missing components. The company’s focus on innovation comes amid impressive revenue growth of 30% in the last twelve months. Ding also highlighted the growing demand for advanced inspection systems across various industries, including consumer electronics, automotive, and aerospace, due to the increasing integration of electronic components and the need for high-quality, reliable products. InvestingPro analysis reveals 11 additional key insights about ZJK’s market position and growth potential.
The company anticipates that the new system will benefit from long-term policy trends, with governments worldwide implementing supportive measures for the manufacturing sector. These policies, along with the industry’s shift towards automation and intelligent systems, are likely to increase demand for SMT packaging products and advanced inspection equipment.
ZJK Industrial has over fourteen years of experience in the precision metal parts manufacturing industry and offers a wide range of products and services, including precision screws, nuts, bolts, CNC machining parts, and technology services for research and development. With a healthy gross profit margin of 36% and strong cash flows that adequately cover interest payments, the company maintains a solid financial foundation. This invention is seen as a strategic move to strengthen its position in the market by leveraging its expertise in intelligent electronic equipment and other advanced technologies.
This announcement is based on a press release statement from ZJK Industrial Co., Ltd.
In other recent news, ZJK Industrial Co. Ltd. has clarified its revenue growth figures following a segment on CNBC’s Mad Money, where host Jim Cramer described the company’s revenues as "flat." ZJK Industrial announced a more than 40% revenue increase for the fiscal year ending December 31, 2024, compared to the previous year. This significant growth contributes to a three-year compound annual growth rate of over 32%. CEO Ning Ding emphasized that the company’s average annual growth of more than 33% contradicts the "flat" characterization suggested by Cramer. The company has been operational for over fourteen years, providing precision parts for various high-tech sectors. ZJK Industrial has a strong customer base and advanced manufacturing capabilities. Investors are encouraged to review the company’s filings with the U.S. Securities and Exchange Commission for more details on its financial condition. These recent developments highlight the company’s financial performance and growth trajectory.
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