Hongchang Electronics (603002.SH) Sun Company plans to invest in high-end copper-clad plate and semi-cured sheet construction projects, etc.

Zhitong Finance App News, Hongchang Electronics (603002.SH) announced that the company's wholly-owned subsidiary, Zhuhai Hongren Electronic Material Technology Co., Ltd. signed a “Project Investment Agreement” with the Economic Development Bureau of the Zhuhai Economic and Technological Development Zone to invest in the construction of the “Zhuhai Hongren Phase II Expansion Automation and Intelligent Manufacturing Project”. The project investment amount is not less than RMB 190 million, of which the fixed asset investment is about RMB 180 million.

At the same time, the company's wholly-owned subsidiary, Zhuhai Hongren Electronic Materials Technology Co., Ltd. signed a “Project Investment Agreement” with the Zhuhai Economic and Technological Development Zone Management Committee to invest in the construction of the “Zhuhai Hongren High-end Copper-Clad Plate and Semi-Cured Sheet Construction Project”. The project investment amount is not less than RMB 800 million, of which the fixed asset investment is not less than RMB 700 million.

If successfully implemented, this investment project can achieve an additional annual output of 10.8 million sheets of high-end copper-clad sheets and 24 million meters of semi-cured sheets. The products mainly target the demand for high-frequency high-speed PCB materials in AI servers, data centers, high-end consumer electronics, etc.; it helps the company further strengthen the “Yangtze Delta+Pearl River Delta” dual-core production capacity layout, enhance regional collaboration and market service capabilities, and conform to the rapid downstream market demand, which is in line with the company's main business development strategy and has a positive impact on the company's subsequent development.