WUS(SZ:002463)2023-07-28 01:02Group 1: Industry Overview - The global PCB industry is expected to face challenges such as weak demand, high inventory adjustments, oversupply, and intense competition due to concerns over global inflation and economic recession [1] - Prismark predicts a compound annual growth rate (CAGR) of approximately 3.8% for global PCB output value from 2022 to 2027, reaching about $983.88 billion by 2027 [1] - China's PCB output value is expected to grow at a CAGR of about 3.3%, reaching approximately $511.33 billion by 2027, maintaining its position as a dominant manufacturing center [1] Group 2: Corporate Developments - The company has invested approximately RMB 776 million in Huli Microelectronics to accelerate investment in high-end HDI capacity for automotive applications [2] - The company aims to complete sample testing and customer certification for its P2 Pack technology in 48V mild hybrid systems by Q4 2023, with plans for mass production [2] - The company is also advancing the development and market promotion of products for 800V high-voltage architecture through deep collaboration with industry partners [2] Group 3: Financial and Operational Strategies - The company is implementing lean management to reduce costs and improve efficiency while optimizing its financial structure to lower interest burdens [3] - The company has purchased approximately 201,846.8 square meters of land in Thailand to support future project construction, aiming for mass production by Q4 2024 [3] - The company is sensitive to exchange rate fluctuations, with over 70% of its revenue coming from exports, and is employing strategies to manage currency risk effectively [3]