Zhejiang Jiemei Electronic And Technology (SZ:002859)2023-07-19 09:21Group 1: Company Overview - Zhejiang Jiemai Technology Co., Ltd. specializes in producing thin carrier tapes and release films for integrated circuits and electronic components, recognized as a national high-tech enterprise [3] - The company has a complete industrial chain from manufacturing electronic-grade base paper to processing and selling carrier tapes [3] Group 2: Production Capacity - Paper carrier tape: New production line to be launched in H2 2023, increasing annual capacity by 28,800 tons, total capacity to reach 120,000 tons/year; supporting upper and lower adhesive tapes with an annual capacity of 3.25 million rolls [4] - Plastic carrier tape: Current capacity exceeds 1.5 billion meters/year, with plans for expansion based on customer demand [4] - BOPET film: Phase II project initiated, adding 20,000 tons/year capacity, total capacity to reach 38,000 tons/year [4] - Release film: Current annual capacity of 300 million square meters, with plans for additional capacity in Guangdong and Tianjin [4] - Casting film: Phase I project reached full production in Q4 2022 with an annual capacity of 3,000 tons; Phase II expected to double capacity to 6,000 tons/year by end of 2023 [4] Group 3: Industry Insights - The electronic information industry is in a recovery phase, with significant improvements noted in Q2 compared to Q1 [4] - Paper carrier tape operating rate is around 70%, with gross margins recovering; release film operating rate is lower but also showing recovery [4] - Q2 sales are expected to grow by 10-15% compared to Q1, with actual growth exceeding 30% [4] Group 4: Competitive Landscape - Major competitors for BOPET film are located in Japan, South Korea, and Taiwan, with the company’s BOPET film serving as a raw material for release films [4] - The company’s self-manufactured BOPET film enhances supply chain responsiveness and improves product quality [4] Group 5: Investor Relations - The investor relations activities included specific object research, media interviews, and analyst meetings held on July 18 and 19, 2023 [2][3] - The company ensured compliance with regulations during investor communications, with no significant undisclosed information leaks [5]