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BackOnly then did it get the attention of the German media! This drone factory is now being searched by the Bureau of Investigation
Only then did it get the attention of the German media! This drone factory is now being searched by the Bureau of Investigation
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自由时报44 minutes agoBusiness2 min readChinaView original

Only then did it get the attention of the German media! This drone factory is now being searched by the Bureau of Investigation

Jinming (3230), which has crossed over from the Apple iPod supply chain to military drones, was recently searched by the Investigation Bureau of the Ministry of Justice. The company stated that it fully cooperates with the investigation and is currently operating normally and has no significant impact on its financial business.

Quick Look

  • Jinming (3230), a Taiwanese manufacturer that has branched out from the Apple iPod supply chain into military drones, was shocked to hear that the Ministry of Justice’s Investigation Bureau went to the company to search and investigate.
  • Jinming issued a major announcement to express its full cooperation, emphasizing that operations are normal and have no significant impact on financial business.
  • The company has only recently received attention from the German media for its transformation into the defense industry.

AI-generated summary

Why It Matters

Jinming was recently reported by the German Handelsblatt on its transformation from consumer electronics to the defense industry and military drones.

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Jinming Jinming was exposed and the Investigation Bureau of the Ministry of Justice went to the company to conduct a search and investigation. The company stated that it would fully cooperate with the investigation. The picture shows Jinming Chairman Cai Xiangfeng.

Jinming (3230), which has branched out from the Apple iPod supply chain into military drones, has only recently attracted the attention of the German Handelsblatt newspaper, which reported on its transformation from consumer electronics to the defense industry. Unexpectedly, Jinming was revealed to have been searched and investigated by the Investigation Bureau of the Ministry of Justice. Jinming said that he is fully cooperating with the investigation and is currently operating normally and has no significant impact on the company's financial business.

Jinming issued a major message at 5:34 pm on the 8th, stating that the Investigation Bureau of the Ministry of Justice went to the company to conduct a search and investigation that day. The company respects judicial procedures and cooperates with relevant investigations in accordance with the law. Based on the principle of non-disclosure of investigations, it is inconvenient to comment on the details of the investigation. As for the reasons for the search and the cases involved, the announcement did not further explain.

It is worth noting that the German Handelsblatt recently took Jin Ming as an example to report on the transformation trend of Taiwan's technology manufacturing industry from consumer electronics to the defense market. It pointed out that Jin Ming used to be a supplier of image tubes, was certified by Apple, and participated in the manufacturing of music players iPods. Now it has invested in the field of military drones, reflecting the development direction of Taiwan's technology industry in response to changes in the geostrategic environment.

The report pointed out that the products currently displayed by Jinming have shifted from consumer electronic components in the past to military drones, including a small four-rotor military drone called "Viper" and a jet-powered lightweight fixed-wing drone prototype. Both products are billed as made in Taiwan. German media believe that Jinming’s transformation represents a national trend in Taiwan’s technology manufacturing industry. In recent years, the Taiwan government has also actively combined the energy of the semiconductor, artificial intelligence (AI) and information and communication industries to promote independent supply chains for drones and national defense.

In terms of operations, Jinming's net loss after tax in the second quarter of this year was 49 million yuan, which was larger than the net loss of 38 million yuan in the first quarter and slightly higher than the net loss of 48 million yuan in the same period last year, with a single-quarter loss of 0.58 yuan per share. Revenue in September was 41 million yuan, a monthly decrease of 4.4% and an annual increase of 19.8%.

Open Questions

  • Why did the Ministry of Justice’s Investigation Bureau search for Jin Ming?
  • What specific cases are involved in the investigation?

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This article was originally published by 自由时报.

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