A highly intelligent autonomous manufacturing enterprise**. Wangli Security & Protection is a typical capital-intensive smart manufacturing enterprise, possessing a strong vertically integrated industrial chain ranging from steel stamping and core door lock components (self-developed lock cylinders,
ChinaEst. 19964,000+6+ Production BasesSSE:605268
Business Nature
A highly intelligent autonomous manufacturing enterprise**. Wangli Security & Protection is a typical capital-intensive smart manufacturing enterprise, possessing a strong vertically integrated industrial chain ranging from steel stamping and core door lock components self-developed lock cylinders, smart control boards to complete door assembly.
Core Business Areas
6. Doors & Windows Systems** *Key Research Focus Area*
* **6.1 Security Doors：[⭐ Core Business]** Wangli Security's founding foundation and deepest competitive moat.
* Product Range：**Grade-A Security Doors** (equipped with their proud super C-grade cylindrical security lock cylinder as standard), **Digital Fingerprint Lock Doors** Wangli's self-developed smart lock installed as factory standard, **Smart Video Doorbell Doors** AI 3D facial recognition + visual peephole security doors, **Cast Aluminum Double Door** Wangli's premium villa armored door series, **Fire-Rated Security Doors**, Ventilating Security Doors door-within-door series, Concealed Hinge Doors.
* **6.2 Interior Doors：[⭐ Core Business]** Deepening presence in the interior door sector through sub-brands "Wangli Wooden Doors" and "Huajue Wooden Doors."
* Product Range：**Solid Wood Composite Doors**, **Soundproof Bedroom Doors** focusing on silent wooden doors, Eco-Friendly Doors/Antibacterial Coated Doors (Wangli's "Kangfei" paint-free wooden door series, emphasizing environmental health), Concealed Doors.
* **6.3 Exterior Windows：[⭐ Core Extended Business]** The "Wangli Windows & Doors" segment that has been strengthened in recent years, building integrated door and window solutions.
* Product Range：**Thermal Break Aluminum Windows**, **Soundproof Noise-Reducing Windows**, Tilt-Turn Windows.
* **6.4 Doors & Windows Smart Systems：[⭐ Core Innovation Business]** The "Wangli Aijia Aigang" brand under the company focuses on whole-house smart security ecosystem.
* Product Range：Smart Security Door Control Gateway enabling arm/disarm functions integrated with entry doors, Remote-Controlled Window Locks.
* **6.5 Doors & Windows Hardware & Accessories：[⭐ Essential Core Business]** Wangli is not merely a door manufacturer, but also a top-tier lock hardware R&D company.
* Product Range：**Silent Door Locks/Mechanical Lock Cylinders** (their specially designed "Teneng Lock" and anti-pry lock cylinders constitute core technological barriers), Door & Window Alarms their smart locks incorporate powerful anti-pry and left-open alarm sensors, Smart Door Limiters, High-Strength Anti-Pry and Anti-Pinch Hinges.
* **6.6 Technical Door & Window Specialties：[⭐ Core Supporting Business]**
* Product Range：Garage Overhead Doors Wangli provides matching villa garage door systems, Commercial High-Rating Fire-Rated Doors Fire Doors.
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Corporate Report
## Wonly Security Technology Co., Ltd. – Corporate Summary
**Wonly Security Technology Co., Ltd.** is a leading Chinese smart security door and lock manufacturer headquartered in Yongkang, Zhejiang Province—known as China's "Door Capital." Founded in 1996 and listed on the Shanghai Stock Exchange (stock code: 605268.SH), the company has evolved from a traditional hardware manufacturer into a comprehensive smart home security conglomerate. Wonly operates highly automated production facilities with a strong vertical supply chain, producing security doors (including Grade 1 steel security doors, armored doors, and aluminum doors), interior doors, and advanced smart locks featuring 3D facial recognition and video doorbell integration. With five major production bases and over 4,000 employees—including more than 340 R&D personnel—Wonly holds over 1,000 national patents (including over 100 invention patents), establishing significant technical barriers in the industry.
In fiscal year 2024, Wonly achieved total revenue of **RMB 3.122 billion** (a 2.57% year-over-year increase despite challenging real estate market conditions), with net profit attributable to shareholders surging to **RMB 139 million**—a remarkable **154.09% increase** compared to the prior year. The company has cultivated strong brand equity with an estimated brand value of RMB 35.066 billion and serves over 200 million users globally through a network of tens of thousands of retail and service points across China, while also exporting to dozens of countries across Southeast Asia, the Middle East, and beyond.
Recent strategic initiatives include becoming the industry's first company to list a digital product ("BOM Intelligent Generation Solution") on the Shanghai Data Exchange, demonstrating its data asset monetization capabilities. The company's flagship Changtian smart manufacturing base leverages partnerships with Huawei, Alibaba Cloud, Siemens, and Hikvision to power AI-driven production lines. Additionally, Wonly has implemented solar photovoltaic and liquid-cooled energy storage systems at its facilities to reduce carbon emissions and energy costs, aligning with ESG and green building standards.
However, the company faces notable headwinds. Operating cash flow dropped 66.72% year-over-year to RMB 9.74 million, reflecting prolonged payment delays from real estate developers in its business-to-business channel. Wonly also recorded RMB 40 million in inventory write-downs (9.43% of inventory), indicating pricing pressure and obsolescence in lower-end product lines. Despite these challenges, Wonly's leadership remains recognized—Chairman Wang Yuebin was named among Zhejiang's "2024 Business Leaders of the Year"—underscoring confidence in the company's transformation trajectory as it pivots toward high-margin smart lock products and digitalized operations.
Quick Facts
Headquarters
Yongkang City, Jinhua City, Zhejiang Province, China
