GOWORLD(SZ:000823)2022-12-06 02:50Group 1: Financial Performance - In Q1 2017, the revenue breakdown for the four main business segments was as follows: Printed Circuit Boards (PCB) at CNY 490 million, Display Touch at CNY 262 million, Copper Clad Laminate at CNY 179 million, and Instruments at CNY 10 million [3] - The revenue growth in the PCB segment was attributed to product structure optimization and increased capacity utilization [3] - The company reported a foreign exchange gain of over CNY 50 million in 2016, but the Q1 2017 foreign exchange gain was negative [8] Group 2: Market Position and Clientele - The automotive electronics segment accounted for approximately 40% of PCB revenue and 35% for Display Touch, with major clients including Bosch, Harman, and Marelli [3] - The company has diversified its business, allowing for market resource sharing between PCB and touch screen businesses [4] - The company aims to limit the revenue contribution from a single client to no more than 25% [8] Group 3: Production Capacity and Technology - The production capacity for the PCB plants is 400,000 square meters each, with the first plant producing mainly 4-8 layer boards (65%) and the second plant focusing on HDI boards (65%) [4] - The company has over 30 years of PCB manufacturing experience, which contributes to its competitive edge in high-end and special substrate products [5] - The company does not currently have plans for large-scale expansion in PCB production due to the capital-intensive nature of the business [6] Group 4: Strategic Direction - The company remains committed to the touch display business as a key development area [7] - There are no immediate plans for significant investment in expanding business scale, as the company is preparing for future investment opportunities [10] - The company has not considered a business transformation plan, focusing instead on optimizing existing operations [6]