Core Viewpoint - The Shenzhen Stock Exchange has issued an inquiry letter regarding the convertible bond issuance application of Shanghai Weike Precision Molding Co., Ltd., focusing on the necessity and risks of investing 630 million yuan in a semiconductor and Thailand production base despite the previous fundraising projects not being fully operational and a capacity utilization rate of approximately 70% during the reporting period [1] Group 1 - The company has completed 99% of the core automotive electronics production line expansion project from previous fundraising, and the current 70% equipment utilization rate is in line with industry characteristics, indicating a relatively saturated state [1] - The new projects aim to create a differentiated layout in product lines and markets, with the semiconductor project focusing on core components in the electric control field of new energy vehicles, while the Thailand base targets high-end overseas markets [1] Group 2 - To address capacity digestion issues, the company has signed a cooperation agreement with Chip Alliance Integration, expecting a procurement amount exceeding 360 million yuan by 2028, which could cover nearly 70% of the expected revenue after the project reaches full production [1] - The Thailand base has passed supplier certification from clients such as Bosch, with an expected export revenue proportion of 22.83% in 2024, indicating room for improvement compared to peers [1]
维科精密募投项目遭问询：产能利用率70%为何逆势扩产？