Printed circuit board (PCB) is called \”mother\” of electronic products, is also a critical basic force in the entire information industry chain. The quality of its manufacturing determines the reliability of electronic products while affecting the chip. Signal transmission integrity.
Founded in 2003, Shenzhen Yibo Technology Co., Ltd., as a one-stop hardware innovation service provider who focused on PCB design services, and provides printed circuit board assembly (PCBA) manufacturing services; Submit registration on December 31, 2021, applying for listing in the GEM, and plans to open no more than 20,833,300 shares.
Zhitong Financial App was informed that the amount of RMB has reached 807 million yuan, of which 124 million yuan is used in the construction project of PCB R \u0026 D and Design and Design Center, and 683 million yuan is used for PCBA development production line construction projects.
Through the company’s equity structure, the controlling shareholder, the actual controller is Tang Changmao, Wang Canzhong, Ke Hansheng, Zheng Yufeng, Zhu Xingjian, Li Qinghai, Wu Eth, these seven people hold 4896.29 million shares, accounting for total share capital 78.34%.
By basic surface, how is it? The development of the year, the PCB design business of Yibo Technology is already in the leading position in the industry. It is more obvious in the field of high-speed, high-density PCB design; in addition, PCBA manufacturing services provide high-quality PCBA express mail, mainly for R \u0026 D and small and medium The batch field has achieved PCBA flexible manufacturing and fast delivery.
The PCB design service is a key to the industry’s status and the formation of a departure of the industry. Through the company’s PCB design case, it can be found that the maximum number of layers reaches 56 floors, the maximum number of plates exceeds 150,000, the maximum single board connection exceeds 110,000, the maximum speed signal reaches 112Gbps; the cumulative design is covered Many domestic and foreign mainstream chip vendors are used on PCB, including Feitung, Longxin, Shewi, Haisi, Intel, AMD, Marvell, Qualcomm, Broadcom, Xilinx, etc.
In addition, the PCBA manufacturing service is an extension of a Bo Technology PCB service to serve the needs of the customer’s research and development. The company is mainly engaged in PCBA welding assembly, and specifically for the welding process of electronic components on the bare plate of the PCBA.BA high quality express welding assembly line has been established in Shenzhen, Chengdu, Shanghai and Changsha; committed to solving research and development and processes and the demand for medium and small batch welding assembly, compared to large batch of PCBA manufacturers, Mr. Yibo has the characteristics of differentiated services.
During the reporting period, a Bo Technology provided PCBA manufacturing services for increasing customers, including PCBA welding assembly, PCBA raw material supporting services, etc .; at the same time, after R \u0026 D, the company is targeted Small batch orders, continuous reissue ordering, further cooperation, making the income growth of PCBA manufacturing services.
In addition, although the PCB design service revenue has no speed in PCBA manufacturing service revenue, but it also achieved stable growth; 2018-2020 annual compound growth rate 20.08%, 2021 PCB design service revenue increased by 16.75% year-on-year.
The income growth of the two business also brings a rapid growth trend for the company’s performance. During the reporting period, the business income of Yibo technology was 341 million yuan, RMB 332 million, 574 million yuan, and 332 million yuan. At the same time, net profit reached 607.592 million yuan, 79.3719 million yuan, 12.5 billion yuan, and 64.74 million yuan.
It is worth noting that Yibo also suggests that risks in the statement, and the revenue and net profit in 2018 to 2020 remain rapidly, but 2021 The growth rate in the first half of the year slowed down; mainly due to the influence of the epidemic in the same period in 2020, some cost costs were reduced, and the price of raw materials in the first half of 2021 increased, and the salary was adjusted according to the practice. However, if the future issuer’s technology innovation does not decline, customer maintenance is unfavorable, the market is not smooth, etc., may affect the performance of the technology, and the risk of growth in growth and even decline in performance.
In the cloud technology, big data, artificial intelligence, 5G technology, integrated circuit, information technology, industrial 4.0, IoT, etc. The global PCB industry continues to grow. Although there is no market disclosure industry in the PCB design segmentation industry, it can also understand the growth trend of the entire PCB industry to a certain extent by PCB output value.
The data released from the Market Research Institute Prismark learned that the global PCB industry output value of the global PCB industry in 2019 and 2020 respectively reached 613$ 110 million and $ 62.5 billion; within the next few years, the global PCB market will maintain continued growth, Internet of Things, automotive electronics, industrial 4.0, cloud servers, storage devices, will become new promotion.
The global PCB output value has contributed more than 70% of the global PCB-based value, but the 21st century began, due to the high production cost of these developed countries. Plus economic growth is not ideal; the center of gravity of the global PCB industry gradually moves to Asia, and the large number of electronic information manufacturing industries in the European and American Japanese regions are transferred to Asia, making the latter a global electronic product manufacturing base. .
At the same time, China, Taiwan, South Korea and Southeast Asia and other countries and regions increased the production of PCB products, which has been formed in Asian regional industrial layout.
Thanks to the demand for communication electronics, consumer electronics, automotive electronics, computer, industrial control, medical devices, defense and aerospace, and the growing demand, my country’s PCB industry has developed faster. According to Prismark data, 2010 to 2020, China’s PCB output value increased from 2017 billion to $ 35.1 billion, accounting for the proportion of total PCB output value of the global PCB to 56.16%, and consolidated the world’s largest production base. .
In addition, my country’s PCB industry has also significantly more than the growth rate of the global PCB industry. During 2010 to 2020, China’s PCB industry output value was 5.7%, and the global PCB of PCB in the same period The annual composite growth rate of output value is 1.77%; the annual growth rate of PCB output value in 7 countries or regions in the world has also led the development of the global PCB industry.
In the future, my country’s PCB industry will usher in sustainable development, which is expected to reach 41.77 billion US dollars in 2024.
Let’s see the PCBA manufacturing service of Bo Technology, as one of the main components of the electronic manufacturing service (EMS), with the maturity of the EMS industry, and the continuous improvement of industry companies; global EMS The downstream of the market is increasingly wide, and the range coverage of the service is also more comprehensive. EMS is currently involved in consumer electronics, automotive electronics, medical electronics, commercial electronics and other fields.
From the New Venture Research 2020 EMS industry report, 2016-2020, the EMS industry market has developed rapidly, from $ 3,292.17 billion to $ 47.721 billion, with an average annual growth rate of 9.75%. The 2025 market size will reach $ 674.256 billion.
At present, my country’s EMS industry is mainly concentrated in the Yangtze River Delta.Triangle and Bohai region, professional talents, domestic and foreign capital, and a large consumer market, jointly promote the formation of more complete electronic industries in the region, around the upstream of consumer electronics, network communications, industrial control and computer and other industries. The supporting industry chain has formed an industrial agglomeration effect.
At the same time, Huawei, Xiaomi and other excellent domestic electronic products brand, in order to ensure the quality, functionality and performance of the products that have quality, functionality, performance, function, function, domestic EMS enterprises to provide manufacturing and processing services Integrated management requirements; even in terms of technology and funding, EMS companies provide process and equipment improvement, which greatly helps the overall manufacturing service level of China EMS industry, providing a good development environment for excellent EMS companies.
The future development of the industry is ideal. Yibo has not stopped foot, continuing to enhance its own technical strength, designing the number of research and development personnel, the proportion of R \u0026 D costs exceeds the listed company.
During the reporting period, the number of design R \u0026 D staff in Yibo Technology was 48.61%, 47.51%, and 45.04%, respectively.
The proportion of R \u0026 D fees accounted for 10.77%, 10.23%, 7.78%, and 8.56%, respectively, all over the same industry.