Company Overview - Established in 2003, focusing on PCB design technology services with over 800 R&D engineers [1] - Industry leader in high-speed and high-density PCB design, providing high-quality rapid prototyping and small-batch manufacturing services [1][2] - Serves over 3,000 clients annually across various sectors including telecommunications, industrial control, AI, and aerospace [2] Production Capacity and Expansion Plans - The Zhuhai PCB factory is positioned for high-end rapid delivery and small-batch PCB manufacturing, with a planned capacity of up to 120 layers [3] - Initial capital expenditure of approximately 550 million RMB, with an expected additional investment of 300-500 million RMB for the second phase [3] - Current production capacity is sufficient to meet growing customer demand, with ongoing projects aimed at enhancing efficiency and expanding client relationships [6] Financial Performance and Profitability - The company’s gross margin is significantly higher than industry peers, primarily due to a focus on R&D prototyping orders, which account for about 90% of total orders [4] - The pricing model incorporates engineering service fees, contributing to higher margins compared to traditional EMS manufacturers [4][9] Order and Payment Cycle - PCB design orders typically take 2-4 weeks, while PCB+PCBA production requires 1-2 months from order to delivery [7] - Most clients operate on a monthly payment cycle [7] Strategic Focus and Future Developments - The company is actively collaborating with robotics firms and is preparing for increased demand in AI-related hardware, including high-end servers and data centers [10] - Anticipates the Zhuhai factory will contribute positively to overall revenue, with expectations of achieving monthly breakeven within the year [11] Customer Engagement and Communication - The company emphasizes transparent communication with investors, adhering to strict information disclosure protocols [11]
一博科技(301366) - 一博科技投资者关系活动记录表--2025年6月10日