JOVE(SZ:300814)2024-05-16 12:21Group 1: Company Overview - Shenzhen Zhongfu Circuit Co., Ltd. is involved in the production of printed circuit boards (PCBs) for various sectors including communication, industrial control, automotive electronics, and consumer electronics [2][5]. - The company has established long-term stable partnerships with leading global service providers in the communication and electronics sectors [4][5]. Group 2: Production Capacity and Expansion - The company is currently investing in a new factory in Thailand, which is expected to have an annual production capacity of 1 million square meters of PCBs, primarily for communication, industrial control, automotive electronics, and consumer electronics [2][3]. - The production capacity utilization rate is over 80% [2]. - The Thailand factory is projected to begin trial production in the second half of 2024 and reach full production capacity by 2029 [3][5]. Group 3: Financial Performance and Market Strategy - The overseas market sales account for 27.8% of the company's total sales, with plans to expand this further as the Thailand production base is established [4][5]. - The company experienced a decline in revenue in the first quarter due to intensified industry competition, but plans to adjust product structure and reduce costs to enhance profitability [4]. Group 4: Environmental and Sustainability Practices - The company emphasizes its commitment to environmental sustainability and has integrated ESG (Environmental, Social, and Governance) practices into its strategic planning [3]. - Measures include controlling air and water pollution, solid waste management, and implementing energy-saving technologies such as rooftop photovoltaics [3].