FOUNDERTECH(SH:600601) Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - Founder Technology Group Co., Ltd. is planning to issue A-shares to specific investors, aiming to raise funds for the development of high-density interconnection circuit board projects in the artificial intelligence and computing power sectors. Group 1: Company Overview - The company specializes in the design, research and development, manufacturing, and sales of printed circuit board (PCB) products, including HDI, multilayer boards, and customized PCBs, widely used in communication devices, consumer electronics, and automotive electronics [17]. - As of March 31, 2025, the company has a registered capital of 4,170.29 million yuan and is listed on the Shanghai Stock Exchange under the stock code 600601 [16]. Group 2: Fundraising Details - The company plans to issue shares to no more than 35 specific investors, with a commitment from Huansheng Fangke to subscribe for up to 23.50% of the total issuance amount [2][3]. - The final issuance price will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [4][5]. Group 3: Industry Context - The global PCB industry is a significant segment of the electronic components market, with a total output value of 81.74 billion USD in 2022, showing a slight increase from the previous year [22]. - China has become the largest PCB manufacturing base globally, with its output value rising from 3.368 billion USD in 2000 to an estimated 41.213 billion USD in 2024, accounting for 56.02% of the global market [22][23]. Group 4: Market Trends and Future Outlook - The PCB industry is expected to enter a new growth cycle driven by emerging technologies such as artificial intelligence and the increasing demand from sectors like electric vehicles and satellite communications [22]. - The global PCB market is projected to grow at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2029, reaching approximately 94.7 billion USD by 2029 [22].