Sunshine Circuits(SZ:300739)2024-05-28 10:25Group 1: Company Overview - The company is Shenzhen Mingyang Circuit Technology Co., Ltd., with stock code 300739 and bond codes 123087 and 123203 [1] - The company focuses on high-precision electronic circuit manufacturing and aims to be a leader in green intelligent manufacturing [4] Group 2: Market Focus and Expansion - The company actively monitors and invests in high-growth sectors such as semiconductors and new energy [2] - Specific plans include expanding into semiconductor testing PCB business and developing high-density interconnect PCBs (HDI) and thermal management solutions [3] Group 3: Production and Performance - All production lines are operational except for those related to fundraising projects [3] - Despite significant industry recovery in Q1 2024, the company experienced a substantial decline in performance due to intense competition and unutilized capacity from fundraising projects [3] Group 4: Competitive Advantages - The company has established a strong brand image and customer base through years of international market expansion [4] - Key competitive advantages include management expertise, global layout, product variety, quality control, and a strong focus on technology research and development [4] Group 5: Customer Base and Market Distribution - The main customer segments include industrial control, healthcare, automotive electronics, semiconductors, smart grids, communication equipment, and AI [4] - The company serves a diverse range of clients with small-batch, customized circuit board products across Europe, America, and Southeast Asia [4]