Zhejiang Jiemei Electronic And Technology (SZ:002859)2023-07-13 09:54Group 1: Company Overview - Jiemai Technology is a national high-tech enterprise specializing in the production of thin carrier tapes and release films for integrated circuits and chip electronic components [4] - The company has a complete industrial chain from the manufacturing of electronic specialty paper to the processing and sales of carrier tapes [4] Group 2: Production Capacity - Paper carrier tape: A new production line for electronic specialty paper will be added in the second half of this year, increasing annual capacity to 120,000 tons [4] - Plastic carrier tape: Current capacity exceeds 1.5 billion meters per year, with plans for expansion based on customer demand [4] - BOPET film: The second phase project will add 20,000 tons/year capacity, bringing total capacity to 38,000 tons/year [4] - Release film: Current annual capacity is 300 million square meters, with plans for an additional 200 million square meters based on customer demand [5] Group 3: Market Conditions - The electronic information industry is in a recovery phase, with significant improvements observed in Q2 compared to Q1 [5] - The operating rate for paper carrier tape is around 70%, with gross margins recovering [5] - The company expects a 30% increase in sales volume in Q2 compared to the previous quarter [5] Group 4: Customer Engagement and Product Development - The company has established relationships with major clients such as Guoju, Huaxinke, and Fenghua High-Tech for its release film products [5] - Development of high-end release films for MLCC and polarizer applications is progressing as planned [5] Group 5: Competitive Landscape - Major competitors for BOPET films are located in Japan, South Korea, and Taiwan, with Jiemai Technology's advantage being its integrated supply chain that allows for rapid customer response [5]