Xikoe Industrial
Shenzhen Xikoe Industrial Co., Ltd. is a Chinese manufacturer of grinding and polishing equipment and consumable materials for high-hardness brittle materials, serving the consumer electronics, automotive, and semiconductor industries. The company became a majority-owned subsidiary of Zhishang Technology (SZ: 301486) in January 2024.
- CEO / Founder
- 高令 (Gao Ling)
- Team Size
- 51-200
- Stage
- Acquired
- Total Funding
- $18M
- Latest Round
- Acquired
- Key Investors
- Zhishang Technology Co., Ltd. (致尚科技, SZ: 301486)
Technology & Products
Key Products
Automatic curved surface polishing machines (QM7836-4C, QM9042-4L, QM9049, QM9590-4G series); Large-size curved surface polisher (QM1600-1A); Single-side polisher (DM1000-1A); Metal polishing equipment; Semiconductor polishing equipment (double-side grinding series); Polishing consumable materials; Custom process solutions for glass, ceramic, sapphire, and metal finishing.
Technological Advantage
Over 143 patents (including 7 invention patents, 32 utility model patents as of Oct 2023); National High-Tech Enterprise and National Specialized & New "Little Giant" Enterprise; Self-developed automatic curved surface polishing technology with multi-station continuous processing; In-house R&D team with ~20 years of polishing technology accumulation; Dual-software enterprise certification; Annual production capacity of ~7,000 units.
Differentiation
Value Proposition
Integrated supplier of grinding and polishing equipment and consumable materials, providing customized process solutions for high-hardness brittle materials (glass, ceramics, sapphire, silicon carbide, metals) across consumer electronics, automotive, and semiconductor applications.
How They Differentiate
Combined equipment + consumable materials offering under one roof; deep specialization in high-hardness brittle materials (glass, ceramics, sapphire, silicon carbide); strong customer relationships with top-tier Chinese manufacturers (BYD, Lens Technology, Foxconn, BOE); proprietary multi-station continuous polishing process technology; and post-acquisition integration with Zhishang Technology providing capital and management resources.
Market & Competition
Target Customers
Consumer electronics manufacturers (smartphone glass covers, smart wearables), automotive display manufacturers, semiconductor wafer processors, and precision component manufacturers requiring surface finishing of hard-brittle materials.
Industry Verticals
Consumer Electronics; Automotive (including in-vehicle displays); Semiconductor; Smart Home; Smart Wearables; Aerospace; New Energy; Medical
Competitors
Beijing TSD Semiconductor Equipment Co., Ltd. (北京特思迪半导体设备有限公司) - semiconductor grinding/polishing equipment; Dongguan Yihui Automation Equipment Co., Ltd.; Other domestic grinding and polishing equipment manufacturers serving the 3C and semiconductor sectors.
Growth & Milestones
Growth Metrics
2022 revenue: RMB 107.89M (~$15M); 2023 Jan-Oct revenue: RMB 139.39M (~$19.3M); 2022 net profit: RMB 8.25M; 2023 Jan-Oct net profit: RMB 29.69M (significant YoY growth).
Major Milestones
2015: Company founded in Shenzhen; 2017: Began R&D of automatic curved surface polishing equipment; 2018: Launched QM7836-4C automatic curved surface polishing machine; 2019: Captured iPhone 11 glass polishing opportunity with major supply chain customers; 2021: Third factory put into use; Subsidiary Xikoe Jinggong developed 5-axis deburring machine; 2023: Recognized as National Specialized & New "Little Giant" Enterprise; 2024-01: Acquired 52% by Zhishang Technology (SZ: 301486) for RMB 130M.
Notable Customers
Lens Technology (蓝思科技); BYD (比亚迪); Foxconn (富士康); Biel Crystal (伯恩光学); Corning (康宁); Innolux (群创); Changying Precision (长盈); Crystal Optoelectronics (水晶光电); Lante Optics (蓝特光学); VDL (维达力); Sanhuan (三环); Tiantong (天通); CSG (南玻); Avanstrate (鑫景); Taiwan Glass (台玻); Lianchuang (联创); ZTE (中天); Kaixin (凯欣); Xuguang (旭光); Sunlord (顺络); Changxin (长信); Apple; Huawei; Lenovo; Samsung; Xiaomi (brand-level customers per company materials).