Zhitong Finance App News, Chaoying Electronics (603175.SH) announced that the company plans to invest in the construction of a high-layer and HDI printed circuit board P3 project. The total investment amount is estimated to be RMB 2,086 billion or equivalent in foreign currency. The construction period of the project is 24 months.
The project relies on the existing land reserved for construction at the Huangshi production base to build production plants, and introduce advanced production equipment and supporting facilities at home and abroad; at the same time, high-quality production, technical and management personnel will be deployed to establish a professional production management team. After the construction of the project is completed, it will further expand the production scale of the company's high-end multi-layer and high-end printed circuit board products, strengthen the company's ability to accept orders, respond quickly to customer needs, and meet the downstream market's demand for high-end PCB products, thereby creating greater economic benefits for the company and enhancing the company's competitiveness.
The project is in line with the company's development strategy. Through the construction of the project, structural opportunities for the expansion of the global storage industry, autonomous control of the domestic storage industry chain, and rapid development of the automotive electronics and AI computing power industries can be further grasped, thereby optimizing the strategic layout of the company's high-end PCB products.