WUS(SZ:002463)2023-07-21 07:21Industry Overview - In 2022, the PCB market saw a significant decline in demand, with a quarter-over-quarter decrease of approximately 7.7% and a year-over-year decrease of about 14.6% [1] - The global PCB market value for 2022 was estimated at approximately $817.41 billion, with a revised growth expectation of only 1.0% for 2023 due to concerns over global inflation and economic recession [1] - The compound annual growth rate (CAGR) for the global PCB market from 2022 to 2027 is projected to be around 3.8%, reaching approximately $983.88 billion by 2027 [1] Market Demand and Trends - The corporate communications market is experiencing a conservative trend in 2023, with weak new orders due to economic uncertainties and inflation pressures [2] - Long-term investments in data center infrastructure by major cloud service providers are expected to continue, driving demand for high-performance PCB products [2] - The automotive electronics market is projected to show significant growth potential in 2023, driven by structural demand changes [2] Company Developments - The company invested approximately 776 million RMB in Huli Microelectronics to accelerate investment in high-end HDI capacity for automotive applications [3] - The company plans to expedite the construction of its production base in Thailand, aiming for mass production by the fourth quarter of 2024, ahead of the original schedule [3] - Over 70% of the company's revenue comes from exports, making it sensitive to fluctuations in the USD/RMB exchange rate, which positively impacts foreign exchange gains [3]