Kinwong(SH:603228) Zheng Quan Shi Bao Wang·2025-08-24 08:39Core Viewpoint - Jingwang Electronics (603228) plans to invest 5 billion yuan in the Zhuhai Jinwan base expansion project, focusing on high-growth areas such as AI computing power, high-speed network communication, automotive intelligence driving, and AI edge applications [1] Investment Details - Total investment for the expansion project is 50 billion yuan [1] - The after-tax investment payback period is approximately 7.5 years, including the construction period [1] - The construction period is set from 2025 to 2027, with phased implementation based on market demand and business progress [1] Construction Breakdown - Investment in targeted technology for high multi-layer factory: 1 billion yuan, aimed at overcoming existing production bottlenecks, scheduled for implementation in the second half of 2025 [2] - New high-end HDI factory construction: 3.2 billion yuan, expected to produce 800,000 m² of high-end HDI annually, with construction starting in the second half of 2025 and production commencing in mid-2026 [2] - Investment to enhance key process capacity using reserved land: 800 million yuan, aimed at solving critical technical challenges, planned for construction in early 2027 and production within 2027 [2] - Total investment across all projects amounts to 50 billion yuan, with the actual construction period subject to final project timelines [2]