FOUNDERTECH(600601)2023-09-25 02:11Company Overview - Founded in December 1984, the company was one of the first batch of joint-stock listed companies in China, listed on the Shanghai Stock Exchange in 1990 [1][2] - Transitioned from "Yanzhong Industry" to "Founder Technology" in 1998 after acquiring shares through the secondary market [2] - Entered the PCB industry in September 2003 with the acquisition of Zhuhai Founder Technology Multi-layer PCB Co., Ltd. [2] Restructuring and Ownership Changes - The company underwent restructuring from 2017 to 2022 due to inefficiencies in its broadband and international businesses [2] - Successfully introduced Zhuhai Huafa Group as a major shareholder in 2022, holding 29.99% of the total shares [2] - Completed the restructuring process by December 26, 2022, and removed delisting risk warnings by June 14, 2023 [2][3] PCB Business Overview - Founder PCB, established in 1986, is a leading global PCB manufacturer, focusing on high-density interconnect (HDI) boards and multi-layer boards [3][4] - In 2022, PCB business revenue reached 3.365 billion CNY, with 1.381 billion CNY in the first half of 2023 [3] - Ranked 50th globally and 11th among domestic PCB manufacturers in 2022 [3][4] Production Capacity and Expansion Plans - The company operates four factories with a total design capacity of over 185,000 square feet per month [3][4] - Plans to invest approximately 6.896 billion CNY in the F7 Phase II HDI project to increase capacity by 115,000 square feet per month [4][5] - Additionally, plans to invest around 9.43 billion CNY in a new manufacturing base in Thailand [5][6] Market Position and Future Strategy - The company aims to expand its market share in communication equipment, consumer electronics, and emerging fields like automotive electronics and industrial medical applications [5][6] - Focus on maintaining existing customer relationships while pursuing growth through mergers and acquisitions [5][6] - The company is positioned to leverage its unique Cavity technology in HDI boards to enhance competitiveness in the consumer electronics sector [4][5]