Avary Holding(SZ:002938)2024-08-21 09:42Group 1: Company Overview and Market Position - Pengding Holdings has a strong technical foundation in foldable terminal devices, supplying major domestic brands [2] - The PCB industry is expected to recover in 2024, with a total market value of $73.026 billion, reflecting a year-on-year growth of 5.0% [3] - The company aims to increase its market share in high-end PCB markets by leveraging its technological and scale advantages [3] Group 2: Product Development and Innovation - The company is focusing on AI-related products, including AI PCs, AI phones, and AI servers, to meet market demands [2] - In the first half of 2024, the company saw significant growth in radar computing boards and autonomous driving domain control boards, collaborating with several Tier 1 manufacturers [4] - The company is actively developing new materials, products, processes, and technologies to enhance its product offerings [6] Group 3: Financial Performance and Strategy - The company's production capacity utilization is typically 50%-60% in the first half of the year and over 90% in the second half [3] - The company has distributed over 7.4 billion RMB in dividends since its listing, with a commitment to high cash dividends in the next three years [7] - The company is implementing a strategy focused on quality improvement, efficiency enhancement, cost reduction, inventory reduction, and carbon reduction [4] Group 4: Sustainability and Environmental Initiatives - The company is advancing its green product and sustainable solution initiatives, including carbon footprint assessments and collaborations with universities for green technology development [5] - It is actively working on reducing carbon emissions through various measures, including optimizing production processes and increasing the use of renewable energy [5] Group 5: Future Outlook and Strategic Plans - The company plans to expand its product lines in smart automotive and server sectors, with a focus on high-end HDI and SLP printed circuit boards [6] - It aims to enhance its digital transformation efforts to improve decision-making efficiency and respond to market uncertainties [6] - The company is considering strategic partnerships and acquisitions to accelerate business expansion in response to market conditions [6]