On September 28, Ganzhou Yihao New Materials was listed on the ChiNext Board of the Shenzhen Stock Exchange today, and the company publicly issued 42.2667 million shares, raising 1.009 billion yuan, mainly invested in high-precision electrolytic copper foil projects with an annual output of 10,000 tonnes after deducting issuance expenses, R&D center projects and supplementary working capital.
The company implements the vertical integration development strategy of PCB industry chain and is committed to becoming a leading enterprise in the field of electronic materials. The company uses the advantages of self-produced electronic circuit copper foil to gradually extend to the downstream of the industrial chain. The company masters the core technology of electronic circuit copper foil, aluminum-based copper clad laminate and PCB, which can realize product series research and development, quickly match downstream new product development, and respond to the market demand of end customers. The company's aluminum-based copper clad laminates use self-produced copper foil, PCB products use self-produced copper foil and aluminum-based copper clad laminates, the company's aluminum-based copper clad laminates, PCB products have advanced technology, complete specifications, stable quality, timely delivery, low cost and other advantages. The first phase of the company's PCB project has begun trial production in the third quarter of 2021, realizing the self-production of PCB key materials.
Yihao New Materials has been operating in the electronic circuit copper foil industry for many years, and has a mature process system, producing electronic circuit copper foil with complete specifications, excellent performance and stable quality, and has obtained a good customer base. In 2020, the company's electronic circuit copper foil production ranked sixth in the country's domestic holding enterprises, and the market share of electronic circuit copper foil for PCB in China ranked the forefront of the industry. According to the disclosure, since 2019, the company's electronic circuit copper foil has continued to outperform demand, and the capacity utilization rate has risen from 94.25% to 127.78% in 2021. After the 2-year construction period of the investment project, after the production capacity, the company's electronic circuit copper foil production capacity will be doubled, while enhancing the scale effect to improve gross profit margin, further enhance the market share, and create favorable conditions for the company's research and development and production of high-performance electronic circuit copper foil, enhance the company's core competitiveness.
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