The domestic leader in flexible circuit boards, Shangda Electronics, revealed that it will start a new round of fixed-income, with a financing amount of no more than 100 million yuan. The funds raised will be used to expand production capacity and invest in new technology research and development. At present, Shangda Electronics has withdrawn from the New Third Board and is preparing to launch an impact on the main board.
The relevant person in charge of Shangda Electronics said that the company has achieved rapid breakthrough and development under the capital blessing in the past two years. The current customer and order volume have maintained steady growth. In order to fully meet the customer's order demand, the company needs to supplement the funds to continue to expand production capacity. Further expand customer resources.
In addition, the person in charge also revealed that the company is currently in the strategic sprint period of full deployment and entering the mid-to-high-end market. In addition to the steady increase in production capacity, it is also necessary to accelerate the layout and investment in the introduction and research and development of core technologies. A number of new technologies and projects have entered a critical phase, and supplementary funding will accelerate the qualitative and qualitative changes in technology and projects.
It is understood that Shangda Electronics successfully landed in the New Third Board in February 2016, and achieved a leap-forward growth in the year, achieving a revenue of 836 million yuan, which has become a leading company in the field of flexible circuit boards in China. It is expected that the scale of performance in 2017 will exceed 1 billion yuan and continue to maintain its leading position in the industry.
The person in charge said that the company has now withdrawn from the New Third Board, but the capital operation is still proceeding in an orderly manner, and then there will be greater capital action. The main purpose of this round of growth is also to continue to maintain the company's good momentum at the capital level, continue to supplement the capital for capacity and technology research and development, and help the company achieve a rapid breakthrough this year.
In fact, Shangda Electronics has maintained rapid development since the beginning of last year in expanding production capacity and technology research and development.
In terms of production capacity, the first phase of the Optoelectronic New Material Industrial Park, which was invested by Shangda Electronics in Hubei Huangshi with a budget of 2.5 billion yuan, has been completed and put into operation. The production lines all use intelligent equipment to implement intelligent production, with an annual production capacity of over 800,000 square meters. . At the same time, Shangda Electronics' previous soft-hard board technology for the middle and high-end market has also begun to produce offline production, and it is expected that new capacity will be released this year.
It is reported that Shangda Electronics will continue to expand its production capacity this year and will focus on improving product yield to meet more demanding orders from new customers.
In terms of research and development, in addition to continuing to invest in the production process and technology of flexible circuit boards and soft and hard bonded boards, the first domestic COF production line invested by Xuzhou in Jiangsu Province will also land in the year. Put into production, the project will fill the gap in this field after the project is put into production, and break the monopoly of Korean enterprises, and provide guarantee for the complete autonomy of China's mobile phone comprehensive screen, OLED flexible screen and other related display fields.
Li Xiaohua, Chairman of Shangda Electronics, said, “2018 will be a key year for the company's strategic upgrade. We will achieve leapfrogging in terms of products and production capacity. The next focus of Shangda Electronics will be for the mid-to-high-end market and the international market. With the help of the country to support the high-end equipment manufacturing industry, Dongfeng has made great strides forward, and through continuous release of production capacity and continuous investment in technology research and development, we will strive to achieve breakthroughs in the field and drive the overall leap of the industrial chain."
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