Shennan circuit: storage customers have been successfully introduced, and some key customers at home and abroad have entered the stage of mass production.

Recently, Shennan Circuit disclosed information related to investor research, the company through the existing production line technical transformation and new production line and other ways to improve production capacity. Among them, the Shenzhen base increases its production capacity mainly through technical transformation and production line adjustment; the substrate factory of Wuxi base is in a climbing state, the introduction of storage customers is relatively smooth, and some key customers at home and abroad have entered the stage of mass production; Nantong Datong Phase II was connected to production in March 2020, and the current capacity climbing is advancing smoothly. In addition, the company has carried out the infrastructure construction of the new plant in Nantong in an orderly manner.

With regard to the overall operation in the near future, Shennan Circuit said that after mid-late August 2020, due to the overall demand adjustment of the communications market, the comprehensive capacity utilization of PCB business has dropped; the comprehensive capacity utilization of PCBA business has improved compared with the third quarter; packaging substrate business except Wuxi substrate factory is climbing, the other factories as a whole maintain a high capacity utilization.

In the field of PCB business, the company's PCB products are currently mass-produced with a maximum of 68 layers and a maximum thickness of 10mm; samples currently have a maximum of 120 layers and a maximum thickness of 14mm.

In the field of data center business, under the background of taking the communication market as the core field, Shennan Circuit actively expands its data center business by virtue of its original management and technical advantages. At present, the company's data center-related products maintain a good growth trend, accounting for an increasing proportion of revenue.

Looking forward to the automotive electronics business in 2021, Shennan Circuit believes that automotive electronics accounts for an increasing proportion of vehicle costs, which is the company's focus on the incremental market. The company takes new energy vehicles and self-driving as the main development direction of automotive electronic PCB business, and further extends the related technical advantages of the company in the field of communications. At present, the company's automotive electronics business base is small, revenue accounts for a relatively small, with room for growth. Under the premise of fully judging the risk, the company has carried out the infrastructure preparation of the new factory in Nantong in an orderly manner, and will promote the specific construction and investment progress according to the customer introduction process and market demand.