JOVE(300814)2025-01-20 12:32Industry Overview - The PCB industry is moving towards a refined and high-quality development stage, with significant differences in product characteristics and business models among manufacturers [2] - Future competition will be layered, with companies showcasing unique development trajectories based on their target industries and customer groups [2] Revenue Structure - In 2024, the revenue distribution across application areas remains stable: - Communication applications: approximately 30% - Industrial control applications: approximately 30% - Automotive electronics: approximately 20% - Remaining portion from consumer electronics and other applications [2] Automotive Business Progress - The company benefits from the booming electric vehicle industry, with continuous growth in its three electric business [3] - Major clients include well-known companies like Weimais, focusing on providing automotive three electric products [3] Production Capacity - The company has established three production bases: - Shajing Factory: focuses on small batch production and R&D samples - Songgang Factory: focuses on medium batch production - Heshan Factory: focuses on large batch production and cutting-edge product R&D - A factory in Thailand is currently under construction [3] Technology Development - The company is actively advancing the R&D and implementation of PSIP and embedded technology, with a strategic focus on major domestic and international clients [4] Overseas Expansion - PCB companies are establishing overseas factories in response to national policies and industry trends, particularly in Southeast Asia, which offers competitive advantages in investment policies, market potential, and labor costs [3]