Company Overview - Established in 2003, focusing on PCB design technology services with over 800 R&D engineers [1] - Industry leader in high-speed, high-density PCB design with a commitment to high-quality rapid delivery services [1][2] - Serves over 3,000 clients across various sectors including telecommunications, industrial control, AI, and aerospace [2] Financial Performance - Q1 2025 reported a loss of CNY 18.16 million due to initial production phase costs and depreciation [4][5] - The new PCB factory in Zhuhai is expected to reach breakeven within the year, with a total investment of approximately CNY 800 million [3][4] Production Capacity and Expansion - The Zhuhai factory's first phase focuses on high-end quick-turn PCB services, with a planned capacity of up to 120 layers [3] - The company is strategically expanding its production capabilities to meet the growing demand for high-end PCBs [7][16] Client Relationships and Market Position - Collaborates with major clients in robotics and AI, with minimal revenue impact from individual clients due to diversified customer base [6][12] - The company maintains a strong domestic client base, with exports contributing 7.23% of total revenue [11][13] Future Growth and Development - Anticipates stable growth in PCB design services driven by increasing complexity and customization in client products [14] - Plans to enhance PCBA manufacturing services to meet rising demand for flexible and customized solutions [14][15] - Recent performance improvements attributed to new projects and enhanced operational efficiencies [16]