JOVE(SZ:300814)2024-05-16 10:47Group 1: Company Overview - The company is Shenzhen Zhongfu Circuit Co., Ltd., with stock code 300814 and bond code 123226 [1] - The company specializes in the research, production, and sales of printed circuit boards (PCBs) [5] Group 2: Production Capacity and Investment - The company is currently investing in a new PCB factory in Thailand with an annual production capacity of 1 million square meters, primarily for communication, industrial control, automotive electronics, and consumer electronics [2][3] - The current production capacity utilization rate exceeds 80% [2] - The Thailand factory is expected to begin trial production in the second half of 2024 and reach full production by 2029 [5] Group 3: Environmental and Sustainability Practices - The company emphasizes its commitment to ESG (Environmental, Social, and Governance) practices, integrating them into its strategic planning [3] - Measures to control air pollution, water pollution, solid waste, and noise will be implemented in new project designs and operations [3] Group 4: Financial Performance and Market Strategy - The company's overseas market sales account for 27.8% of total sales, with plans to expand this as the Thailand factory is established [4][5] - The company experienced a revenue decline in the first quarter due to intensified industry competition, but plans to adjust product structure and reduce costs to enhance profitability [4] Group 5: Shareholder Engagement and Future Plans - The company plans to propose a downward adjustment of the convertible bond conversion price at the upcoming shareholder meeting on May 17, 2024, due to the stock price falling below 85% of the conversion price [3] - The company aims to explore new profit sources in communication, industrial control, automotive electronics, consumer electronics, and semiconductor packaging sectors [3][4]