Core Viewpoint - ChaoYing Electronics has successfully listed on the Shanghai Stock Exchange, demonstrating strong market performance and investor confidence in its competitive position within the PCB industry [1] Company Overview - ChaoYing Electronics (stock code: 603175) is a significant player in the PCB sector, which is essential for various electronic devices, including smartphones and electric vehicles [3] - The company ranked 23rd among comprehensive PCB enterprises in China and is among the top ten global automotive electronics PCB suppliers [3][4] Financial Performance - The company's revenue increased from 3.51 billion yuan in 2022 to 4.12 billion yuan in 2024, while net profit nearly doubled from 140.83 million yuan to 276.22 million yuan during the same period [4] - In the first half of 2025, the company achieved a revenue of 2.185 billion yuan, with a year-on-year growth of 12.63% [4] - The gross profit margin improved significantly, reflecting a shift towards higher-end products [4] Research and Development - ChaoYing Electronics has invested in R&D, with expenses rising from 107 million yuan to 135 million yuan over three years, and the R&D team has grown in size and qualifications [5] - The company holds 14 invention patents and 85 utility model patents, showcasing its technological capabilities [5] Client Base and Market Position - The company has established long-term partnerships with major automotive suppliers and has received multiple awards for its quality and service [6] - Over 80% of its revenue comes from international sales, indicating a strong global market presence [6] Industry Opportunities - The global PCB market is projected to grow at a compound annual growth rate of 5.5% from 2024 to 2028, with significant opportunities in automotive electronics, servers, and communications [7] - The company is well-positioned to capitalize on these trends, particularly in the automotive electronics sector, which is its primary revenue source [7] Capacity Expansion and IPO Utilization - ChaoYing Electronics is optimizing its production capacity, with new facilities in both domestic and international markets to enhance its manufacturing capabilities [8] - The IPO funds will be used to expand production capacity and improve financial stability, supporting the company's growth strategy [8]
超颖电子登陆上交所主板：PCB行业中坚企业，以技术与业绩开启上市新征程