The 2021 semi-annual performance forecast released by PCB manufacturer Zhongjing Electronics shows that the company's net profit attributable to shareholders in the first half of the year is expected to reach 88 million yuan-100 million yuan, an increase of 60.12-81.96% over the same period last year.
Regarding the reasons for the change in performance, Zhongjing Electronics said that first, in the third quarter of 2020, with the investment in new technological transformation and production expansion projects of its subsidiaries Huizhou Zhongjing (MLB&HDI) and Zhongjing Yuansheng (FPC), the company's overall production capacity has improved, which has alleviated the pressure of insufficient production capacity to a certain extent and increased the output scale and revenue scale.
Second, during the reporting period, the company continued to optimize its customer and product structure, and the proportion of high value-added products increased. Among them: the order demand for new displays such as small-pitch LED/Mini LED, new energy vehicles, security and industrial control and other downstream areas is growing rapidly; HDI and MLB product levels continue to improve.
It is understood that Zhongjing Electronics’ small-pitch LED and Min
i LED products mainly support LED display and panel manufacturers such as Absen, Qianli Jucai, Nationstar Optoelectronics, Zhongqi Optoelectronics, Jingtai Co., Ltd., and BOE. In 2020, Zhongjing Electronics expanded into COB products and peripheral applications, and has achieved mass production of 5G+4K and 5G+8K high-definition COB packaged Mini LED products.
ANNA