Avary Holding(SZ:002938)2024-05-24 07:52Group 1: Financial Performance - The company's revenue in April increased by 52% year-on-year, driven by growth across all product lines [1] - The company plans to invest $250 million in the first phase of its Thailand facility, focusing on automotive and server-related products, with expected certification and sampling by the second half of 2025 [1] Group 2: Production Capacity and Utilization - The company typically experiences a low season in the first half of the year, with production capacity expected to reach full utilization in the second half [1] - The company is expanding its production capabilities in Thailand to cater to high-end markets in the automotive and server sectors [3] Group 3: Market Position and Strategy - The company positions itself in the high-end automotive market, including products like domain controllers and radar systems, while also focusing on AI servers in the server market [3] - The company emphasizes its competitive advantages, including strong technology, customer relationships, and financial strength, to navigate the challenges in the PCB industry [4] Group 4: Industry Trends and Challenges - The company acknowledges the impact of rising copper prices on costs but reports that procurement prices for high-end materials remain stable [3] - The PCB industry faces pressure from overcapacity in low-end products, making core competitiveness essential for survival and growth [4]