Company Overview - Yibo Technology is not a traditional PCB manufacturer or EMS company, but a one-stop hardware innovation service provider based on PCB design services [2] - The company has 20 years of experience in PCB design, establishing a leading position in the industry with outstanding technical advantages in high-speed and high-density PCB design [2][3] - Yibo Technology focuses on R&D prototyping and small-batch PCBA manufacturing, providing high-quality PCBA services with flexible manufacturing and rapid delivery capabilities [3] Core Advantages - The self-developed "Yibo Online" component management platform enhances internal component management and allows customers to check material inventory in real-time [3] - The centralized procurement strategy offers cost advantages and improves delivery times, enhancing customer collaboration [3] - The combination of centralized procurement and high-quality SMT manufacturing creates a leading flexible PCBA service in the industry [3] Financial Performance - In 2022, the gross profit margins for PCB design and PCBA manufacturing services were 46.05% and 39.52%, respectively [4] - The company’s services are positioned at the high-value end of the industry chain, justifying the relatively high gross margins [4] Market Position and Customer Base - As of the end of 2022, Yibo Technology has collaborated with over 5,000 high-tech R&D, manufacturing, and service enterprises globally [5] - Revenue distribution across various sectors in 2022: Industrial Control (30.93%), Network Communication (30.58%), Medical Electronics (10.27%), Smart Transportation (6.40%), Aerospace (4.84%), and AI (5.16%) [5] Future Development - The company plans to expand its service offerings by integrating into clients' R&D and supply chain systems, providing comprehensive services from PCB design to PCBA manufacturing [15] - Yibo Technology aims to enhance its market presence in high-value sectors such as industrial control, network communication, and AI [15] - The company is also focusing on increasing its production capacity through ongoing projects, with 50 SMT production lines planned to meet customer R&D needs [8][9] Challenges and Strategies - The company faced a slowdown in revenue growth in Q1 2023 due to weak customer demand, particularly in the industrial control sector [11] - Rising labor costs have put pressure on profitability, with approximately 85% of design and R&D costs attributed to employee salaries [12] - To address these challenges, Yibo Technology is actively expanding its customer base and improving internal processes for cost control [12][14]
一博科技(301366) - 深圳市一博科技股份有限公司投资者关系活动记录表