本川智能(300964) - 2024年8月30日投资者关系活动记录表

Market Overview - The PCB market has a low concentration of competitors, with many focusing on small-batch production, which has a high barrier to entry due to complex processes [2] - The demand for small-batch PCBs is steadily increasing, with higher profit margins compared to large-batch production [2] Production Capacity and Plans - Current production capacity includes: - Nanjing factory: 480,000 square meters - Shenzhen and Zhuhai factories: 400,000 square meters - Planned capacity for Thailand factory: 420,000 square meters [3][4] - Future projects include: - Expansion of the 5G high-frequency PCB project to achieve an annual capacity of 520,000 square meters [2] - Establishing a production base in Thailand to enhance overseas service capabilities, expected to start production in 2026 [4] Product Focus Areas - Main application areas for PCBs include: - Communication equipment: approximately 25-30% - Industrial control: approximately 20% - Automotive electronics: approximately 10% - New energy and power supply: approximately 20-25% [1][2] - Specific sectors targeted for development: - Communication devices, automotive electronics, new energy, industrial control, power supply, and medical devices [3] Financial and Strategic Outlook - The company follows a "modular" development strategy, focusing on niche markets and high-quality growth [2] - The automotive electronics segment accounts for about 5-10% of revenue, primarily serving Tier 1 suppliers [4] - The company aims to enhance international competitiveness and service capabilities through strategic overseas expansions [4]