深南电路：南通四期项目预计今年四季度连线

Core Viewpoint - The company is expanding its PCB business through technological upgrades and new factory constructions in various locations, including Shenzhen, Wuxi, Nantong, and Thailand [1] Group 1: Production Capacity Expansion - The new production capacity for PCBs is primarily derived from two sources: technological upgrades of existing mature PCB factories and the ongoing construction of the Nantong Phase IV project and the Thailand factory [1] - The Nantong Phase IV project is expected to be operational in the fourth quarter of this year, while the Thailand factory has already commenced operations [1] Group 2: Business Planning and Market Demand - The company plans to rationally allocate its business capacity in accordance with its operational strategy and market demand [1] Group 3: Packaging Substrate Project - The first phase of the Guangzhou packaging substrate project has also commenced operations in the fourth quarter of 2023, with continuous improvements in product line capabilities [1] - The company is currently in the capacity ramp-up phase and has secured bulk orders for BT and some FC-BGA products, although overall capacity is still in the ramp-up stage [1]