Yibo Technology (301366.SZ) plans not to exceed 800 million yuan to build the second phase of the Zhuhai Board Factory project to focus on medium to high volume production of high-end PCB products

According to the Zhitong Finance App, Yibo Technology (301366.SZ) announced that the company's wholly-owned subsidiary, Zhuhai Yibo Electronics Co., Ltd. (Zhuhai Yibo Electronics or Zhuhai Board Factory for short), plans to invest in the construction of the second phase of the Zhuhai PCB Board Factory project. The second phase of the Zhuhai Board Factory invested mainly in production machinery and equipment. According to the current production capacity plan, it was agreed that the total additional investment would not exceed 800 million yuan, and the construction period for the project would be one year.

The company's Zhuhai PCB board factory mainly produces high-speed, high-multi-layer, high-grade HDI products. The first phase is aimed at high-end express and medium batch production. Unlike traditional PCB board manufacturers, its focus is on pursuing rapid response of high-end express shipments to meet customer delivery requirements. Phase II will focus on medium to high volume production of high-end PCB products, serving customers in the field of high added value. The production capacity of Phase I and Phase II will cover the needs of the vast majority of target customers from R&D to mass PCB production.

Thanks to the revolutionary drive brought about by the development of the artificial intelligence (AI) industry in recent years, market demand for ATE products, robots, optical modules, computing power cards, AI servers, data centers, etc. has grown rapidly. The company's customer structure and business structure have been continuously optimized to obtain steady growth in mass production orders for products developed and finalized by customers, and customer stickiness has further increased. Zhuhai Yibo Electronics, a wholly-owned subsidiary of the company, invested in the construction of the second phase of the PCB board factory project, which can better support and respond quickly to the growing needs of customers, further enhance the company's overall competitiveness, enhance the company's production capacity scale, sustainable profitability and comprehensive competitive strength, and conform to the company's overall development strategy and industrial layout.