Group 1: Company Overview - Ganzhou Yihau New Materials Co., Ltd. focuses on a vertically integrated development strategy in the PCB industry, covering products such as electronic circuit copper foil, aluminum-based copper-clad laminates, and PCBs [2][3]. Group 2: Competitive Advantages - The company emphasizes R&D and has developed several core technologies, including designs for electrolytic copper foil production and surface treatment processes [3]. - A highly flexible production management system allows the company to quickly respond to diverse customer demands for thickness, width, and performance, enhancing customer loyalty and long-term partnerships [3]. Group 3: Financial Performance - In 2021, the average processing fee for electronic circuit copper foil was CNY 36,800 per ton, which dropped to CNY 23,100 per ton in 2022 due to weak industry demand and increased production capacity [4]. - The decline in processing fees is attributed to high inventory levels and intensified competition within the industry [4]. Group 4: Impact of Copper Prices - Copper prices significantly affect the sales prices of electronic circuit copper foil, as copper constitutes a large portion of production costs [4]. - The company employs a pricing strategy based on "copper price + processing fee," which helps manage the impact of copper price fluctuations on downstream customers [4]. Group 5: Market Dynamics - The PCB market is characterized by low concentration, with approximately 1,500 PCB companies in mainland China, leading to competition primarily based on product quality, price, and delivery time rather than direct competition with individual companies [4].
逸豪新材(301176) - 逸豪新材调研活动信息