2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. < p > < p > on August 17, Sihui Fushi announced that it plans to invest 1 billion yuan to expand the multi-layer high-density 5g communication circuit board project with an annual output of 2 million square meters. At present, its annual output of 240000 square meters high reliability line, 10000 square meters high reliability automobile circuit board (IPO project) is in progress. The main reason for the urgent expansion of production capacity is that the production capacity is gradually saturated. Changjiang business news reporter found that last year, Sihui Fushi PCB sales reached 509200 square meters, an increase of 76.13% in two years. In the past three years, the company’s capacity utilization rates were 86.33%, 90.44% and 92.18%, respectively. In the first half of this year, it reached more than 95%. < p > < p > on August 17, Sihui Fushi announced that it plans to invest in Zhaoqing (Sihui) Electronic Information Industry Park, longfu Town, Sihui City, an annual output of 2 million square meters of multi-layer high-density 5g communication circuit board project, with the planned investment amount of 1 billion yuan (subject to the specific investment plan determined). < / P > < p > under the influence of favorable factors such as steady growth of domestic PCB industry, acceleration of industrial integration and demand growth of downstream emerging industries, the company expects the market demand of high reliability PCB products will continue to grow in the next few years due to the rapid increase in demand for medium and high-end application fields such as industrial control, automobile safety parts and medical devices. Thanks to the transfer of global PCB production capacity to China and the booming downstream electronic terminal products manufacturing, China’s PCB industry as a whole presents a rapid development trend. In 2018, the output value of China’s PCB industry reached US $32.702 billion, with a year-on-year increase of 10.0%. < / P > < p > the company’s PCB sales also grew rapidly, with 289100 square meters, 391700 square meters and 509200 square meters respectively from 2017 to 2019, with an increase of 76.13% in two years. In the same period, the capacity utilization rates were 86.33%, 90.44% and 92.18%, respectively, which remained at a high level. < p > < p > previously, Sihui Fushi introduced on the interactive platform that in the first half of 2020, the company’s capacity utilization rate had reached more than 95% due to performance growth. The company’s annual output of 240000 square meters of reliability line is completed quarterly. After the completion of the expansion project, the production capacity will be increased to 60000 square meters / month. In the future, the company will increase the domestic market development efforts, focusing on mining industrial control, automotive electronics and other high value-added downstream applications. In addition, at the time of listing, Sihui Fushi has raised 422 million yuan, which is mainly used to increase the annual output of 450000 square meters of reliable automobile circuit boards. After the production, the annual sales revenue excluding tax is 500 million yuan, and the total annual profit is 77.5322 million yuan. < / P > < p > public information shows that Sihui Fushi focuses on industrial control and automotive electronics, and has successively developed metal substrate, rigid Flex PCB, high-order HDI board and other products. At present, the company’s products are widely used in well-known industrial enterprises, such as Yokogawa’s industrial flow meter, FURUNO’s ship radar navigator, Shimadzu’s medical tester, KEYENCE’s detection instrument, etc. < / P > < p > with the growth of Sihui Fushi PCB product sales, the growth rate of revenue in the past two years is more than 20%, and the growth rate of net profit is 122.25% and 38.71% respectively. Among them, the revenue of Multilayer PCB accounts for more than 55%. < / P > < p > with the increasingly extensive integration functions of components, the high-density requirements of electronic products for PCB become more prominent. Driven by the data processing center, multilayer boards will grow rapidly. In terms of product structure, rigid boards still occupy the mainstream position in the global PCB market, among which multilayer boards account for 39.4%, accounting for the largest proportion. Therefore, the company is constantly expanding the production of multi-layer boards to meet the needs of 5g communication. Before that, the company’s customers were mainly Japanese enterprises, and the company is strengthening the development of European and American markets and domestic markets, focusing on tapping customers in high value-added downstream application fields such as industrial control and automotive electronics. < p > < p > according to the current operating conditions, Sihui Fushi expects the operating revenue from January to June 2020 to be between 270 million yuan and 320 million yuan, an increase of 32.36% to 56.87% over the same period of last year, and the net profit is between 53 million yuan and 63 million yuan, with an increase of 61.33% to 91.76% over the same period of last year. < / P > < p > and the above expansion plan will increase the annual production capacity of 2.69 million square meters of PCB, nearly five times the capacity of last year. After the project is completed, the company’s profitability may continue to grow substantially.