Shenzhen United Time Technology Co. Bundle
Who Owns Shenzhen United Time Technology Co.?
Understanding the ownership of Shenzhen United Time Technology Co., Ltd. is key to its strategic direction. An important milestone was its IPO in April 2021, enabling global expansion.
Established in June 2008, the company, often called UTime, focuses on cost-effective mobile devices and ODM/OEM services. As of mid-2025, it's a public entity, ranking 6th among 114 competitors in mobile phone contract manufacturing.
UTime's ownership journey began with its founders. Following its IPO in April 2021, the company transitioned to public ownership, allowing broader investment. This move facilitated its growth and global reach, serving over 50 countries, particularly in emerging markets. The company's product offerings include devices like the Shenzhen United Time Technology Co. Porter's Five Forces Analysis, showcasing its market presence.
Who Founded Shenzhen United Time Technology Co.?
Shenzhen United Time Technology Co., Ltd. began its journey in June 2008, established by a trio of founders: Mr. Minfei Bao, Mr. Junlin Zhou, and Mr. Bo Tang. This initial phase saw a clear distribution of equity, with Mr. Bao holding the largest share.
| Founder | Initial Equity Stake (as of March 31, 2017) |
|---|---|
| Mr. Minfei Bao | 52% |
| Mr. Junlin Zhou | 28% |
| Mr. Bo Tang | 20% |
Founding Vision
The company was envisioned as a comprehensive mobile phone entity. Its early strategy focused on integrating research and development, production, and sales to create a complete industry chain.
Ownership Consolidation
A significant change in the Shenzhen United Time Technology ownership structure occurred in February 2018. Mr. Minfei Bao acquired the stakes previously held by Mr. Zhou and Mr. Tang.
Sole Shareholder Status
Following this acquisition, Mr. Bao became the sole shareholder of UTime SZ. This move centralized control and decision-making, solidifying his position as the primary Shenzhen United Time Technology company owner.
Early Backer Information
Details regarding early backers, angel investors, or friends and family who may have invested during the initial phase are not publicly available. Information on vesting schedules or initial ownership disputes is also not disclosed.
Leadership Stake
The initial equity distribution clearly indicated Mr. Bao's leadership stake from the company's inception. This early commitment laid the groundwork for his eventual sole ownership.
Founders of Shenzhen United Time Technology
The key individuals behind Shenzhen United Time Technology Co. are Mr. Minfei Bao, Mr. Junlin Zhou, and Mr. Bo Tang. Their collective vision established the company's operational framework.
The early vision for Shenzhen United Time Technology Co., Ltd. was to establish a robust, end-to-end mobile phone business. This involved creating an integrated industry chain encompassing R&D, manufacturing, and sales, a strategy that underscored the founders' commitment to building a comprehensive operation from the ground up. For a deeper understanding of the company's origins, one can refer to the Brief History of Shenzhen United Time Technology Co..
Shenzhen United Time Technology Ownership Structure
As of February 2018, the ownership structure of Shenzhen United Time Technology Co. consolidated under a single individual, Mr. Minfei Bao, who became the sole shareholder. This transition followed his acquisition of equity interests from the other co-founders.
- Mr. Minfei Bao is the primary Shenzhen United Time Technology company owner.
- The company's corporate structure reflects a centralized ownership model.
- Information on Shenzhen United Time Technology Co Company investor relations is not extensively detailed in public records.
- The ultimate beneficial owner Shenzhen United Time Technology Co. is Mr. Minfei Bao.
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How Has Shenzhen United Time Technology Co.’s Ownership Changed Over Time?
The ownership journey of Shenzhen United Time Technology Co., Ltd. has been shaped by strategic corporate restructuring and a public offering. Key milestones include the incorporation of its parent company, UTime Limited, in the Cayman Islands in October 2018, followed by the establishment of international and domestic subsidiaries in late 2018, all paving the way for its eventual public debut.
| Entity | Incorporation Date | Location |
|---|---|---|
| UTime Limited | October 2018 | Cayman Islands |
| UTime International Limited | November 2018 | Hong Kong |
| Shenzhen UTime Technology Consulting Co., Ltd. | December 2018 | China |
UTime Limited's transition to a publicly traded entity occurred on April 6, 2021, with its IPO on NASDAQ, raising $15 million by selling 3,750,000 ordinary shares at $4.00 per share. Before this public offering, the ownership was concentrated, with Mr. Minfei Bao, via Grandsky Phoenix Limited, holding a substantial 96.95% equity interest, and Mr. Min He, through HMercury Capital Limited, possessing the remaining 3.05%. Mr. He's investment in UTime SZ for approximately RMB 21.4 million (US$3.0 million) in April 2019 further solidified his stake.
Key Stakeholders and Market Performance
As of July 21, 2025, the ownership landscape includes 4 institutional investors. These entities, such as UBS Group AG, Morgan Stanley, and SBI Securities Co., Ltd., collectively hold 30,808 shares. The company's stock has experienced significant downward pressure, with a notable decline of 92.22% in its share price from $14.52 on July 22, 2024, to $1.13 on July 21, 2025.
- Institutional ownership as of July 21, 2025: 4 entities
- Notable institutional shareholders include UBS Group AG, Morgan Stanley, and SBI Securities Co., Ltd.
- Total shares held by institutional owners: 30,808
- Share price decline from July 22, 2024, to July 21, 2025: 92.22%
- Share price on July 22, 2024: $14.52
- Share price on July 21, 2025: $1.13
Understanding the Target Market of Shenzhen United Time Technology Co. is crucial when examining its ownership structure and the influence of its key stakeholders. The evolution from private to public ownership, with significant initial stakes held by individuals like Mr. Minfei Bao and Mr. Min He, highlights the foundational leadership. The current institutional ownership indicates a broader base of financial backing, though the recent share price performance suggests market challenges that may influence future ownership dynamics and the company's overall Shenzhen United Time Technology Co. company owner profile.
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Who Sits on Shenzhen United Time Technology Co.’s Board?
The current board of directors for Shenzhen United Time Technology Co., Ltd. includes key leadership figures, with Mr. Hengcong Qiu serving as Chairman of the Board, CEO, and Interim CFO. Other notable executives include Yihuang Chen as COO and Honggang Cao as Chief Manufacturing Officer. The board also features Director Minfei Bao and independent directors Na Cai, Xiaoqian Jia, and Hailin Xie, as of April 2021.
| Director Name | Position | Affiliation/Role |
|---|---|---|
| Hengcong Qiu | Chairman of the Board, CEO, Interim CFO | Executive Leadership |
| Yihuang Chen | Chief Operating Officer | Executive Leadership |
| Honggang Cao | Chief Manufacturing Officer | Executive Leadership |
| Minfei Bao | Director | Executive Leadership |
| Na Cai | Independent Director | Independent Seat |
| Xiaoqian Jia | Independent Director | Independent Seat |
| Hailin Xie | Independent Director | Independent Seat |
Regarding voting power, Shenzhen United Time Technology Co., Ltd. generally adheres to a one-share-one-vote principle for its ordinary shares, a common structure for companies listed on Nasdaq. While specific details on dual-class shares or founder shares with disproportionate voting rights are not extensively detailed in recent public information, the significant ownership held by Mr. Minfei Bao through Grandsky Phoenix Limited, which represented 96.95% of the equity interest prior to the company's IPO, indicates a substantial concentration of control. Recent corporate actions, such as the 1-for-25 reverse share split in September 2024 and a subsequent 1-for-10 reverse share split in March 2025, were implemented to meet Nasdaq's minimum bid price requirements. These consolidations can influence the overall voting power distribution among shareholders by reducing the total number of outstanding shares.
Understanding Shenzhen United Time Technology's Board and Voting Structure
The composition of the board and the voting power dynamics are crucial for understanding who controls Shenzhen United Time Technology Co. Company. These elements directly influence strategic decisions and the company's direction.
- Mr. Hengcong Qiu holds key executive and board leadership roles.
- Mr. Minfei Bao's significant pre-IPO equity stake suggests considerable influence.
- The company has undertaken reverse stock splits to maintain Nasdaq compliance.
- Understanding these aspects is vital for assessing Shenzhen United Time Technology ownership.
- For more on the company's guiding principles, explore the Mission, Vision & Core Values of Shenzhen United Time Technology Co.
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What Recent Changes Have Shaped Shenzhen United Time Technology Co.’s Ownership Landscape?
Over the past few years, Shenzhen United Time Technology Co., Ltd. has seen significant shifts in its ownership structure, largely influenced by its public listing and strategic business expansions. These changes are crucial for understanding the current landscape of who owns Shenzhen United Time Technology.
| Event | Date | Impact on Ownership |
|---|---|---|
| Initial Public Offering (IPO) | April 2021 | Transitioned from private to public ownership, broadening the shareholder base. |
| 1-for-25 Reverse Share Split | September 2024 | Increased the bid price per share, potentially affecting the number of shares held by existing shareholders and leading to dilution. |
| 1-for-10 Reverse Share Split | March 2025 | Further adjustment to share price, continuing the trend of potential shareholder dilution. |
The company’s strategic diversification into new sectors, such as electric vehicle chargers and medical technology, may also attract a different investor profile, potentially altering the Shenzhen United Time Technology ownership landscape over time. These moves are part of a broader strategy, as detailed in the Marketing Strategy of Shenzhen United Time Technology Co., which aims to expand its market presence beyond its traditional mobile device operations.
Public Listing and Shareholder Base
The IPO in April 2021 made Shenzhen United Time Technology Co., Ltd. a publicly traded entity. This means ownership is now distributed among a wide range of public shareholders, rather than a concentrated group of private investors.
Impact of Reverse Stock Splits
Recent reverse share splits in September 2024 and March 2025 were implemented to meet exchange listing requirements. While these actions aim to maintain market viability, they can lead to shareholder dilution, affecting the proportional ownership of existing stakeholders.
Diversification and Investor Interest
The company's expansion into the medical industry and EV charger supply chain signifies a strategic pivot. These new ventures could attract new investors interested in these growth sectors, potentially reshaping the overall Shenzhen United Time Technology ownership structure.
Market Trends in ODM/OEM
Operating within the expanding global ODM smartphone market, projected to reach approximately $50 billion in 2025, the company is positioned for growth. However, its diversification strategy suggests a move to capture opportunities beyond traditional mobile device manufacturing.
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- What is Brief History of Shenzhen United Time Technology Co. Company?
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- How Does Shenzhen United Time Technology Co. Company Work?
- What is Sales and Marketing Strategy of Shenzhen United Time Technology Co. Company?
- What are Mission Vision & Core Values of Shenzhen United Time Technology Co. Company?
- What is Customer Demographics and Target Market of Shenzhen United Time Technology Co. Company?
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