奥士康(002913) - 2018年11月21日投资者关系活动记录表

Group 1: Company Overview and Production Capacity - Aoshikang Technology Co., Ltd. has two production bases located in Yiyang, Hunan, and Huizhou, Guangdong, with a combined average monthly production capacity of 250,000 square meters as of 2017 [2] - The current monthly production capacity is 330,000 square meters, with Yiyang factory contributing approximately 220,000 square meters/month and Huizhou factory maintaining around 110,000 square meters/month [2] - The actual monthly output is between 310,000 to 320,000 square meters [2] Group 2: Financial Performance - For the first nine months of 2018, the company achieved revenue of 1.65 billion yuan, a year-on-year increase of 34.60% [3] - The net profit attributable to shareholders was 185 million yuan, reflecting a year-on-year growth of 64.58% [3] - The increase in performance is attributed to optimizing the order structure, expanding production scale, and foreign sales benefiting from favorable exchange rates [3] Group 3: Market and Competitive Landscape - The PCB industry is experiencing increasing concentration, with domestic companies planning to expand capacity by approximately 54 billion yuan from 2018 to 2022 [3] - The company’s core competitive advantages include large panel production, high speed, high yield, and improved internal standardization and automation [3] - Future product structure adjustments will focus on upgrading from double-sided and four-layer boards to six-layer, eight-layer, and ten-layer boards, catering to high-value products in communications, servers, and automotive electronics [4] Group 4: Profitability and Growth Strategies - The gross margin decreased from 23.88% in Q1 to 21.43% in Q2 due to increased hiring of new employees, affecting production efficiency and yield [4] - Future strategies to improve gross margin include optimizing product structure, expanding market reach, enhancing R&D, and strengthening internal management [4] - The company aims for a revenue growth of no less than 30% over the next five years, focusing on cost control, technology development, and talent cultivation [4]