Sihui Fuji Electronics Technology (300852)2022-11-21 15:50Group 1: Company Overview and Market Position - The company primarily serves Japanese clients and has established a production model suitable for small batch manufacturing, which poses challenges when entering large batch production [3]. - The company focuses on high-quality industrial equipment applications, requiring flexible production lines and a stable workforce, which is supported by local employees with competitive compensation [3]. - The company aims to strengthen its position in the small batch segment while gradually expanding into medium and large batch production [3]. Group 2: Customer Relationships and Market Opportunities - The company has built long-term partnerships with EMS companies in the automotive sector, which enhances its credibility and customer trust [3]. - As the importance of PCBs increases, there are opportunities for the company to be recognized directly by end automotive manufacturers, potentially expanding its customer base [3]. Group 3: Employee Incentives and Corporate Vision - The company plans to implement an employee stock ownership plan to enhance employee engagement and align their interests with the company's growth [3]. - The vision is to become a world-class enterprise where all employees act as stakeholders, recognizing them as the core competitive advantage [3]. Group 4: Production Capacity and Market Risks - The company has a clear expansion plan, with current production capacity utilization being high, and the upcoming fourth-phase factory expected to alleviate delivery pressures [3]. - Despite concerns about potential oversupply in the PCB market, the company maintains a cautious approach to expansion, focusing on strong relationships with major industry clients [3].