[Hot Spot] Globalization is accelerating, and many listed PCB companies are busy building overseas factories

As the globalization of domestic consumer electronics industry chain companies accelerates, many listed companies have invested and built factories overseas since this year.

When it comes to choosing to build production bases overseas, Thailand is quite popular. For example, Jingwang Electronics (603228.SH) and Benchuan Intelligent (300964.SZ) have recently made large investments.

Jingwang Electronics is mainly engaged in the research and development, production and sales of printed circuit boards (PCBs). It is one of the few multi-category and diversified manufacturers in China. The company has been deeply involved in the printed circuit board industry for 30 years. It has 11 factories in five domestic production bases: Shenzhen, Guangdong, Longchuan, Jiangxi, Jishui, Zhuhai, Jinwan, Zhuhai, and Fushan, Zhuhai. It has become an important brand in the printed circuit board industry. In 2022, it will rank 16th globally in the printed circuit board industry and third among the top 100 domestic PCB companies in China.

In 2022, the company will achieve operating income of 10.514 billion yuan, a year-on-year increase of 10.30%. The net profit attributable to shareholders of listed companies was 1.066 billion yuan, a year-on-year increase of 13.96%. The operating cash flow situation continued to improve, with net amount reaching 1.555 billion yuan, a year-on-year increase of 36.40%.

Recently, Jingwang Electronics announced that it plans to invest no more than 700 million yuan in a new printed circuit board production base in Thailand. Jingwang Electronics' investment in a new production base in Thailand will help expand international business, improve overseas product supply capabilities, and better meet the strategic needs of business expansion and global production base layout.

Benchuan Intelligent is committed to providing the market with small batch printed circuit board products and solutions. Since the 3G era, we have been closely following the development trend of PCB technology for base station antennas, and have long-term focused on the research, development, production and sales of PCB technology for base station antennas. It is one of the first few manufacturers in the industry to conquer the production technology of medium and high-frequency multi-layer boards for 5G base station antennas. It has a strong competitive advantage in the industry and its products are mainly sold to China, the United States, Japan, Europe, Australia and other places.

In 2022, Benchuan Intelligent achieved operating income of 559 million yuan, net profit attributable to shareholders of listed companies of RMB 47.6272 million, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of RMB 32.8332 million.

In July 2023, Benchuan Intelligent announced that as a rapidly developing emerging market economy, Thailand's printed circuit board-related industrial chain supporting facilities have been continuously improved. It has comparative cost advantages in land, environmental protection, manpower, taxation, etc. It can better meet the company's needs for building overseas production bases. The company plans to invest no more than 300 million yuan in a new printed circuit board production base in Thailand.

In addition to Jingwang Electronics and Benchuan Intelligent, this year Zhongjing Electronics (002579.SZ), Xinya Electronics (605277.SH), Weifeng Electronics (301328.SZ), Sihui Fushi (300852.SZ), Shengyi Technology (600183.SH), Akita Micro (300939.SZ), Pengding Holdings (002938.SZ), Nanya New Materials (688519.SH), Aohong Electronics (605058.SH) and other consumer electronics industry chain companies will Build a production base in Thailand.

=================================================

Copyright statement: The copyright of the information in this article belongs to the original author and does not represent the views of this platform. It is for sharing only. If there are copyright and information errors involved, please contact us to correct or delete it. Thanks!