深圳明阳电路科技股份有限公司

Company Overview - The company, Mingyang Circuit, specializes in the research, production, and sales of printed circuit boards (PCBs), with a full-process production capability [4][9] - The company focuses on small-batch PCB manufacturing, emphasizing a multi-variety, small-batch, and high-tech business positioning [4][5] - Products are widely used in various fields including industrial control, medical health, automotive electronics, semiconductors, smart grids, communication equipment, commercial displays, artificial intelligence, and data centers [5][9] Business Development - During the reporting period, the company continued to deepen its main PCB business and increased R&D investment in semiconductor test boards and Mini LED PCBs [5] - The company has established development teams for high-speed computing products and advanced packaging products, with AI acceleration card products entering small-batch production [5] - The company has built strong partnerships with globally recognized enterprises such as Flextronics, Jabil, and Qualcomm, enhancing its market position [5][10] Industry Position - The PCB industry is a crucial part of the electronic information industry, with a projected global PCB market value of $73.565 billion in 2024, expected to reach $94.661 billion by 2029, reflecting a CAGR of 5.2% [8] - In China, the PCB market value is projected to grow from $41.213 billion in 2024 to $50.804 billion by 2029, with a CAGR of 4.3% [8] - The company ranks 40th among comprehensive PCB enterprises and 23rd among domestic PCB enterprises in the CPCA's revenue ranking for 2024 [10] Financial Performance - The company received a standard unqualified audit opinion from its accounting firm, Lixin Certified Public Accountants [2] - The company has proposed a cash dividend of 1.30 yuan per 10 shares to all shareholders, based on a total of 343,963,739 shares [3] - The company has maintained a stable credit rating of "AA-" for its convertible bonds, with a stable outlook [14]