Ellington(SH:603328)2023-11-08 10:01Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 241,162.80 million yuan, representing a year-on-year growth of 4.20% [2] - The net profit attributable to shareholders of the listed company was 29,863.11 million yuan, with a year-on-year increase of 33.24% [2] Business Strategy - The company focuses on two core businesses: automotive electronics and new energy, implementing strategies to expand market presence, enhance product quality, reduce costs, and strengthen corporate culture [2] - Key measures include increasing international and domestic market development, implementing major customer strategies, enhancing technological innovation capabilities, and improving internal management [2] Product and Market Development - The company specializes in high-precision, high-density double-sided and multi-layer printed circuit boards (PCBs), widely used in automotive electronics, new energy, and other sectors [4] - It has established stable partnerships with major clients, including Continental, Valeo, and Xpeng Motors, while also making progress in expanding its domestic market [4] Production Capacity and Automation - The new factory's automation level is high, featuring automated processes for board handling and transportation, which improves production efficiency [4] - The company has completed its fundraising project for an annual production capacity of 700,000 square meters of multi-layer PCBs, which has begun operations and is gradually realizing benefits [5] Future Plans - The new factory's construction is planned in two phases, with a total capacity exceeding 2 million square meters per year, focusing on high-end automotive PCBs and new energy PCBs [5] - The company aims to deepen its presence in the PCB industry, targeting to become a top 100 enterprise, achieve a revenue goal of 10 billion yuan, and establish a century-old brand [5]