Entering Mini LED, Jiangxi Hongyu Circuit Phase II project will be delivered in July

On February 9, the construction of the second phase project of Jiangxi Hongyu Circuit Technology Co., Ltd. (hereinafter referred to as "Jiangxi Hongyu Circuit") was entering the final sprint stage and is expected to be delivered in July this year.

It is reported that Jiangxi Hongyu Circuit is mainly engaged in the manufacturing, processing and sales of electronic components and assemblies, and circuit boards. It is mainly engaged in research and development and production of copper plates, and realizes self-production and sales of copper plates. Since the company was put into production in 2018, the annual output value has exceeded more than 500 million in just three years.

At present, Jiangxi Hongyu Circuit’s first phase project has built four production lines. The total investment of the second phase project is about 300 million, with an indoor and outdoor area of about 20,000 square meters. It is expected to be completed and put into production by the end of 2023 at the earliest. After it is put into production, it will enter Mini LED circuit boards to further expand production capacity and achieve product diversification.

Su Jie, chairman of Jiangxi Hongyu Circuit Technology Co., Ltd., said that after the completion of the second phase of the project, the company can add 6 new production lines. The combined annual output value of the first and second phases of the project is about 1.2 billion.