KAIFA(SZ:000021)2022-11-23 06:58Group 1: Company Overview - Shenzhen Changcheng Development Technology Co., Ltd. was established in 1985 and has over 36 years of experience in electronic manufacturing services (EMS) [3] - The company is a leading provider in the EMS sector, with a focus on semiconductor packaging, high-end manufacturing, and proprietary brands [3][5] - The company aims to enhance its competitive advantage in both domestic and international markets, leveraging its extensive experience and international management team [3] Group 2: Business Segments - The semiconductor packaging and testing business is the only one in China with a complete industrial chain from high-end DRAM/Flash wafer packaging to module production [5][6] - The high-end manufacturing segment serves major global brands in various industries, including computing, communication, medical devices, and automotive electronics [4][5] - The proprietary brand segment focuses on energy metering solutions, with over 60 million smart meters shipped to 80 power companies across 30 countries [5] Group 3: Financial and Investment Plans - The company plans to raise up to CNY 1.71 billion for advanced storage packaging and module manufacturing projects, with an expected total investment of CNY 10 billion [6][7] - The first phase of the project will involve an investment of CNY 3.067 billion, aiming for a monthly production capacity of 4.8 million DRAM chips and 246,000 storage modules [6] - The project is expected to generate an annual output value of CNY 2.863 billion, with a post-tax internal rate of return of 15.22% [6] Group 4: Market Trends and Competitive Advantages - The semiconductor industry is experiencing rapid growth, with storage chips accounting for nearly 30% of the integrated circuit market value [6] - The company has established strong customer relationships and partnerships with leading semiconductor firms, enhancing its order scale and market stability [6][8] - The company is committed to advancing its technology and production capabilities to meet the increasing demand for high-performance storage chips [6][8] Group 5: Future Development and Strategic Goals - The company is focused on expanding its capabilities in supercapacitor technology and aims to provide high-level manufacturing services [5] - Future plans include enhancing the energy management capabilities of its metering systems and expanding its market presence both domestically and internationally [9] - The establishment of the Shenzhen Technology City project aims to create a comprehensive urban innovation complex centered on technology and research [9]