Core Insights - The company expects an export revenue of RMB 64.189 million for 2024, accounting for 7.23% of total revenue, with less than 5% of this revenue coming from exports to the U.S. [2] - The company maintains a high level of market sensitivity and actively responds to changes in international trade policies to ensure stable operations and sustainable development [2] - The Zhuhai factory is positioned for high-end quick-turn PCB services, with an initial focus on R&D prototyping and small batch production, and aims to achieve breakeven within the year [2] Business Operations - The company collaborates with major firms like NVIDIA, Intel, and AMD in PCB design and PCBA production, offering tailored services that vary by client [3] - The first phase of the Zhuhai factory targets high-end PCB production, with a planned capacity of up to 120 layers, focusing on AI-related products [2] - Revenue growth in Q1 exceeded 30%, driven by the introduction of new clients in the network communication sector [2]

Summary of Yibo Technology Conference Call Company Overview - **Company**: Yibo Technology - **Industry**: PCB (Printed Circuit Board) Manufacturing Key Financial Metrics - **2024 Non-GAAP Net Profit**: Decreased by 4.25% to 68.2 million yuan due to costs from trial production at the Zhuhai PCB factory, unachieved production targets at the Tianjin factory, decreased investment income, and increased management expenses [2][4] - **2024 Revenue**: Achieved 888 million yuan, a year-on-year increase of 12.91% [4] - **PCB Design Projects**: 15,258 designs completed, up 11.06% year-on-year [2][5] - **PCBA Manufacturing Projects**: 55,180 projects completed, up 12.79% year-on-year [2][5] Production Capacity and New Facilities - **New Factories**: - Tianjin PCBA factory and Zhuhai Jinsun PCB factory commenced production in 2024, filling gaps in the North China market and enhancing high-end R&D services [2][6] - Zhuhai Jinsun PCB factory expected to achieve normal production in the second half of 2025, with projected revenue of 200-300 million yuan and a net increase of over 100 million yuan [2][8] - **Production Phase**: Both new factories are in the capacity ramp-up phase [2][6] Industry Trends - **PCB Industry Growth**: The PCB industry has been steadily rising since 2023, driven by demand for high-frequency and high-speed boards, particularly in the AI sector [2][7] - **A-Share PCB Companies**: Reported over 20% revenue growth and over 50% net profit growth in Q1 2025 [2][7] Strategic Goals - **Three-Year Strategy**: Aim to build an innovative hardware platform with PCB design business expected to grow 10%-15% annually and PCB manufacturing business projected to grow 50% annually, targeting a production capacity of 1.5 billion yuan within three years [3][20] - **PCBA Business Expansion**: Regional layout improvement across South China, North China, East China, Central China, Southwest, and Northwest [20][22] Customer and Market Insights - **Client Engagement**: The company is focusing on converting R&D projects into mass production orders through strong client partnerships [10][11] - **Market Demand**: High demand for multi-layer boards in network communication equipment, particularly for data centers and AI servers [17] Challenges and Considerations - **Cost Pressures**: Increased costs from trial production and management expenses have impacted profitability [4][2] - **Material Prices**: Rising prices for raw materials like high-end resins and high-frequency copper-clad laminates due to increased demand [18][19] Future Outlook - **Revenue Projections**: Anticipated revenue growth in 2025, with PCB design expected to contribute significantly to overall revenue [12][20] - **Production Efficiency**: Focus on improving production efficiency and customer satisfaction through strategic factory placements and capacity expansion [22]