Suntak(SZ:002815)2024-01-17 08:09Production Capacity and Orders - The overall production capacity utilization rate is approximately 80%, with tight capacity and product delivery times affected by certain orders in the Shenzhen and Jiangmen factories [2] - The company has a general order visibility of about 3 months, with rapid order growth in sectors such as optoelectronics, automotive, mobile phones, servers, and computers [2] - The company aims to enhance its domestic and international customer base and strengthen its sales team to fill new factory capacities quickly [2] Financial Performance and Inventory - Inventory impairment losses for the first three quarters of 2023 increased by CNY 5.434 million due to intensified market competition and declining product prices [3] - The company is applying a cautious approach to inventory valuation, fully impairing inventory that has been held for over 6 months [3] Raw Material Prices - The prices of key raw materials, including copper-clad laminates and copper balls, have decreased compared to the same period last year and are currently at historically low levels, with minor upward fluctuations expected [3] Expansion and New Projects - The Zhuhai Phase II project, which includes two new factories, is progressing well, with trial production expected in Q1 2024, adding a capacity of 60,000 square meters per month for high-layer PCB boards [3] - The company is evaluating the potential for capacity expansion in Southeast Asia and the impact of domestic industrial chain relocation [3] Sector-Specific Performance - In the server industry, the order amount increased by 47.5% year-on-year for the first three quarters of 2023, with major clients including ZTE and H3C [4] - In the automotive electronics sector, the order amount grew by 14% year-on-year, with expectations for continued growth in 2024 [4] - The subsidiary, Sande Crown, reported a revenue increase of 44.86% year-on-year for the first three quarters of 2023, driven by demand for flexible circuit boards in new mobile and tablet products [4]