新增产能会不会过剩？奔驰、宝马供应商伟时电子再次回复问询函

Core Viewpoint - The company, Weishi Electronics, is responding to inquiries from the Shanghai Stock Exchange regarding its fundraising and investment projects, particularly focusing on the new lightweight vehicle display components project and its differentiation from previous projects [1][2]. Group 1: Fundraising and Project Details - Weishi Electronics is planning to build production capacity for 4.33 million lightweight structural components and 1.85 million new vehicle backlight display modules [2]. - The company has previously faced delays in its backlight display module and smart display component expansion project, with completion now expected by October 2025 [2]. - The new fundraising project emphasizes Mini-LED and large-screen technology, representing a technological upgrade compared to previous projects, rather than a simple replication [2][3]. Group 2: Production Capacity and Market Demand - The company has already achieved a certain scale of mass production for Mini-LED and large-screen display modules, with core technologies and production processes validated by downstream customers [3]. - The total expected demand for the projects that have received notification letters is approximately 40.15 million units, with an estimated annual contribution of 8.03 million units, covering 65.29% of the new production capacity for vehicle backlight display modules [5]. - The company is addressing the demand for lightweight structural components by transitioning from external procurement to in-house production, with several lightweight structural components already in mass production [5][6]. Group 3: Regulatory Concerns and Market Position - The Shanghai Stock Exchange has raised concerns regarding the rationality of the new production capacity, asking the company to explain the relationship between existing and new capacities, utilization rates, market competition, and order status [4]. - The company anticipates that the lightweight structural components will support the production capacity of the new investment project, with a projected annual increase of approximately 4 million lightweight structural components based on a 50% penetration rate in future projects [6].