In recent months, the tech world has watched with bated breath as Guokai Technology, a company recognized for its advancements in drone technology and metamaterials, has made headlines for securing massive ordersOn November 25, 2024, a contract for drone procurement was officially signed, with anticipated purchases totaling a remarkable 2 billion yuan ($280 million) from partnersThis figure is only the tip of the iceberg for Guokai Technology.

The momentum began earlier this year, boasting several contracts that paved the way for this unprecedented successIn March, Guokai’s wholly-owned subsidiary, Guokai Frontier, inked a contract valued at 720 million yuan for mass production of metamaterialsLater, in August, Guokai Frontier secured additional contracts related to metamaterials that collectively reached a staggering 826 million yuanBy the end of 2024, the total announced order amount for Guokai Technology surged to 3.5 billion yuan, eclipsing the company's total disclosed order numbers over the past two years, which stood at approximately 2.36 billion yuan.

The question arises: how has Guokai Technology achieved such remarkable order volumes? The answer lies in its status as a leading player in the global metamaterials market.

Guokai’s triumph in the metamaterials sector is undeniable, as it leads the world with over 6,000 patents filed, holding approximately 80% of all relevant global patent applicationsIn fact, Guokai Technology alone commands a significant 12.38% share of the market, outpacing its competitors in the metamaterials supply chainGlobal players in this sector, including Evolv Technology, MetaShield LLC., Pivotal Commware, and Echodyne, combine for a mere 15% market share, indicating Guokai Technology’s dominance.

But what exactly are metamaterials? According to DrLiu Ruopeng, the chairman of Guokai Technology, these materials are artificially engineered to exhibit properties not found in natural materials

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They can demonstrate advancements such as the reverse Doppler effect and the perfect lens effect, allowing for extraordinary applications that surpass traditional materials.

The manufacturing of these metamaterials is a complex endeavor, akin to semiconductor technologyInvolvements in intricate processes such as photolithography, mask printing, and electronic etching denote significant development challengesHowever, successful metamaterial innovation bears immense potentialFor instance, Guokai's recent release of the world’s first fully metamaterial drone elucidates not only higher performance metrics but also cost efficiency—reasons behind the significant 2 billion yuan orderAdditionally, their stealth cloak technology could revolutionize military hardware, making equipment nearly undetectable by radar and infrared scanning, thus attracting considerable attention from global defense sectors.

Beyond military applications, metamaterials are poised to have a substantial impact on many fields, including medical diagnostics, information transmission, and virtual reality technologiesFor this reason, they have been recognized among the six disruptive foundational research areas, attracting tech giants like Intel, AMD, and IBM to invest and explore potential applications.

Positioned strategically in this rapidly evolving field, Guokai Technology is making strides with its Fourth Generation Metamaterials, promising to enhance the performance of advanced technologies by as much as 10 to 100 times.

The company’s financial performance has been equally robust, with a remarkable growth trajectory evidenced in its revenues—expanding from 481 million yuan in 2019 to nearly 1.494 billion yuan in 2023. Boasting a compound annual growth rate (CAGR) of approximately 25%, its net profits skyrocketed from 115 million yuan in 2019 to 583 million yuan by 2023, rising fivefoldRemarkably, Guokai has maintained a net profit growth exceeding 30% for five consecutive years, putting it in an elite category among publicly listed companies in China.

What fuels Guokai Technology’s continuous escalation in performance? A significant factor is its anticipated production capacity

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