Category: Money tips Release Date: 2007-01-04
Ultrasonic Electronics is China's largest domestic PCB manufacturers, long-term commitment to technological innovation, including funded enterprises have a leading position, has a blind hole filling plating, laser direct drilling and a series of plot-layer copper process. This makes the company's products targeting high-end, and other domestic manufacturers apart.
Starting in 2005, the company's HDI board is the first in the amount of parties, HDI board is mainly used for a higher volume of products required by portable consumer electronics products such as mobile phones, MP4, digital cameras. At present, only a handful of domestic PCB manufacturers have a high-volume production capacity of HDI boards. 2005's HDI board production of about 10 million square meters, 06 is expected to more than 20 million square meters. HDI's heavy volume growth in the company's 2006 performance of the main aspects.
The company already has production capacity of environmentally friendly products for the EU ROHS directive, the company's "high-lead-free HASL PCB multi-project" to be implemented. In addition, the high-end communications products, "High-frequency PCB project" and "just flexible printed circuit board with the project" will also be implemented, to improve the company's product grades will play a good role. The same time, companies and successfully developed three laminates, and further widen the technological gap, and other vendors.
PCB product applications range of the company focused on mobile phones and communications equipment (switches, base stations, etc.), about 60-70% of all products. The company's main customers include ZTE, Huawei 3G makers, as well as Sony Ericsson and other international mobile phone giants, which funded Lenovo, Bird, Amoi cell phone manufacturers are also corporate clients, but the share continues to decline. Is expected that with the introduction of 3G, the company's product demand will be significantly improved.
Company's 07 annual capacity of more than 30% increase, the product structure will be further adjusted, with the proportion of high-end products increase, the product will further enhance the overall gross margin. Annual Watch Co., Ltd. 06,07, respectively 0.23 and 0.35 yuan, PE, respectively 20 and 13 times, taking into account the company's future growth, given the investment rating to buy.
