Editing by Xin Lanhua

Listed Chinese company Lianchuang Electronic Technology Co., Ltd. (联创电子) announced on January 24 that it has agreed to provide financial guarantees of no more than RMB200 million($30 million) for its Indian subsidiary with its business in R&D, production, and sales of touch display products.

Headquartered in Nanchang, eastern China’s  Jiangxi Province, Lianchuang offered this round of financial aid with its Chongqing and other divisions.

Its Indian subsidiary, Lianchuang Electronics India Pvt., Ltd, was established in April 2019, in Noida, the satellite city of New Delhi, with one of the most concentrated companies in India’s mobile phone supply chain.  

The company achieved sales revenue of RMB123 million ($19.4 million) and a net profit of RMB1.1463 million ($180,970) in the first three quarters of 2021.

Established in 2006,  the Jiangxi Province-based Lianchuang was listed on the SME Board of the Shenzhen Stock Exchange in December 2015 (stock code: 002036).

The company focuses on optical and optoelectronic products, including optical lenses and image modules, and touchscreen devices.

It also invests and develops electroacoustic and other IC products.