The main business of Changsen Electronic Technology is the design, production and sale of copper clad and bonded sheets, printed circuit boards (PCB), which are widely used in mobile phones, automobiles, communications equipment, computers and a variety of high-end electronic products.
In the first half of 2019, revenue of copper clad sheet and adhesive sheet and PCB accounted for 77.67% and 21.01%, respectively.In terms of subdivision, the revenue of copper clad and bonded sheet was 4.639 billion, down 2% year on year. The gross profit margin was 22.96%, up 4.40 PCT year on year. The sales volume of copper clad sheet was 43.36 million square meters, up 4.02% year on year.
The revenue of PCB board business was 1.255 billion, up 28% year on year. The net profit was 193 million, up 128% year on year. The net profit rate was 15.04%.PCB board sales were 4.64 million square feet (430,000 square meters), a 15% decrease and a 50% increase in unit price (RMB 2,976 / square meter).Mainly due to the manufacturing differences of 5G and high-end products, although the shipped area of PCB boards has decreased, the unit price has increased significantly, bringing steady revenue growth.5G high frequency copper-clad panels and communication PCB demand increased, driving the company's gross margin and profitability.
From a regional perspective, in the first half of 2019, domestic revenue of Changsen Electronic Technology accounted for 78.55%, and overseas revenue accounted for 17.03%.
In the first half of 2019, due to the impact of the macro environment, the electronics industry has no special bright spot in consumer electronics, and automotive electronics has declined to a large extent. It is worth looking forward to the demand growth of communication, artificial intelligence and Internet of Things driven by the commercialization of 5G.
Specifically, substrate materials are becoming increasingly important in 5G infrastructure: Base stations, such as the power amplifiers used by Acer stations to transmit cellular signals to remote mobile device users, require performance with high thermal conductivity and low dielectric loss.In addition, the increasing demand for small base stations and distributed antenna systems (DAS) requires high cost performance, low loss dielectric materials;In terms of antennas, the trend of the next generation of antennas is to develop MIMO antenna technology applied in millimeter-wave frequency band, which also requires higher and higher substrate materials.
Changsen Electronic Technology on the industry development status, company strategy and business situation and other issues
First, the company every five years to develop for the future development strategy, is now come up with a strategy of the next five years, to be sure is the company's next five-year strategy is still to do strongly does copper clad, according to our global overall predicted the future development of electronic industry, as well as in the past five years and go on to 10 years, 15 years of trajectory, and predict the future PCB CCL development speed
We position our company to be the preferred supplier for PCB customers worldwide and the provider of integrated solutions for major end users worldwide.
More details: https://www.pcbav.com/
