• March 08, 2022

Focus on Domestic High-end PCB Replacement Process PCB is the mother of electronic products, and the range of market is growing steadily. As a transmission medium, PCB can realize the connection between electronic components, play the role of relay transmission, and is the support body of electronic components. In 2019, the global PCB output value was 61.3 billion US dollars, with a compound annual growth rate of 2.18% from August to 19th, showing an overall steady growth. The PCB market in Mainland China is benefiting from the transfer of global PCB production capacity to mainland China and the growth of downstream terminal demand. In recent years, the PCB market in Mainland China has shown a rapid development trend. The OUTPUT value of PCB in Mainland China reached 33.507 billion US dollars in 2013, with a compound annual growth rate of 7.56% from August to 19th. Raw material cost pressure eased, PCB enterprises 21Q3 ushered in the performance inflection point. Since 2021, supply constraints/strong demand/monetary easing and other factors have jointly driven up the price of commodity raw materials, affecting the profitability of downstream PCB companies. After Q3, with the easing of the epidemic in copper producing countries, superimposed enterprises began to shift part of the cost pressure to the downstream, and the impact of raw material prices on corporate performance was blunted to some extent, and the profitability of the sector was repaired. PCB board 21Q3 realized revenue of 53.33 billion yuan, up 27.7% year on year, realized net profit of 5.08 billion yuan, up 38.2% year on year. In q3, the gross profit margin of the sector was 20.9%, down 2.4 PCT year-on-year. The net profit margin of the sector was 9.6%, up 0.7 PCT year-on-year. The profit growth rate began to turn positive, and the profitability was improved, and the sector ushered in the performance inflection point. China's PCB products are mainly low-end, focusing on IC board, high order HDI and other high-end products of domestic replacement process. At present, China's PCB products are mainly low-end PCBS, while the share of packaging substrate, high-order HDI and other high-end PCBS is relatively low, and the product structure needs to be optimized. As PCB enterprises represented by Xingsen and Shennan expand the production capacity of high-end PCB such as IC board, the voice of domestic enterprises in the field of high-end PCB is expected to be enhanced. It is suggested to pay attention to relevant beneficiary enterprises.

• March 01, 2022

China's PCB production value drives the development of flying probe testers The flying probe tester is used for analog component testing and analog signal analysis. It has the advantages of being free from grid restrictions, high flexibility, convenient operation, saving testing costs, and improving shipping efficiency. Flying probe tester is mainly used to test PCB. It is an instrument for testing PCB boards with many layers of components, large wiring density and small distance between measuring points. PCB boards have a wide range of applications and high market demand, which is good for the development of the flying probe tester industry. Flying probe testers are mainly used for PCB boards. PCB boards have a wide range of applications and are used in many fields such as communications, computers, consumer electronics, automotive lists, aerospace, and the market demand continues to rise. With the gradual maturity of 5G technology, the number of 5G macro base stations has increased. In the first half of 2021, the number of 5G macro base stations constructed in my country is about 720,000. The increase in the number of 5G base stations has driven the continuous increase in the market demand for high-speed PCBs. According to the "2022-2027 Flying Probe Tester Industry Market In-depth Research and Investment Prospect Forecast Analysis Report" released by Xinsijie, benefiting from the development of the terminal industry, my country's PCB output and output value continue to rise, and the output in 2019 is about 7 100 million square meters, the output value is 33.3 billion US dollars. And driven by the development of automotive electronics, the domestic PCB output value continues to rise, reaching 38.2 billion US dollars in 2021. my country's PCB output value ranks first in the world. Driven by the development of the Chinese market, the global PCB output value is relatively high. It is expected that the market size will reach 80 billion US dollars by 2025. The rapid development of the global and domestic PCB board industry has also promoted the rising market demand for flying probe testers, and the flying probe tester industry has developed rapidly. In 2020, the global flying probe tester market size is about 150 million US dollars. In the future, driven by the development of the automotive electronics industry, the flying probe tester market size will maintain a growing trend, reaching 170 million US dollars by 2025. In terms of market competition, the manufacturers of flying probe testers include Takaya Corporation, ATG Luther & Maelzer GmbH, SPEA and other companies. The above three companies account for about 80% of the market, and the market is highly concentrated. In the world, Europe, the United States and Japan have leading technological advantages in the field of flying probe testers, and have a large market competitive advantage. my country's layout in the field of PCB boards is relatively late, the production technology and equipment ...

• February 23, 2022

PCB Industry Development Features The full name for a Circuit Board is "Printed Circuit Board" or "PCB", also known as "Printed Wiring Board" (PWB). There are many kinds of printed circuit board products, which can be classified by substrate material, conductive graphic layer, product performance, application field and other dimensions. According to the substrate structure, the printed circuit board can be divided into rigid circuit board, flexible circuit board, RF board and HDI board. 1. Industry Features (1) Periodicity With the development of electronic information industry, printed circuit board industry downstream application fields are also more and more diversified, applications involving communications electronics, consumer electronics, computer, automotive electronics, industrial control, medical equipment, defense and aerospace, etc. All of the social economy, so the PCB industry of periodic less affected by single downstream industry, Its periodicity is mainly reflected in the fluctuation of macroeconomic and the change of the overall development of the electronic information industry. (2) seasonality At present, the main downstream application products of THE HDI industry are concentrated in the fields of communication electronics and consumer electronics such as mobile phones, tablets and laptops. In the field of consumer electronics, HDI manufacturers' production and sales volume in the second half of the year is generally higher than that in the first half of the year due to the comprehensive influence of downstream customers' holiday consumption and peak consumption season. (3) Regional Globally, as Asia especially China in such aspects as Labour, policy guidance, industry gathered the advantage of global PCB industry centre of gravity is constantly shift to Asia, gradually formed in the other parts of Asia as the center, the new pattern of auxiliary, Asia especially China become the world's PCB and its main production base of high-end products of HDI. In China, PCB manufacturers are mainly concentrated in the pearl River Delta, Yangtze River Delta, Bohai Rim and other regions with high economic level. However, due to the influence of cost and other factors, domestic PCB manufacturers tend to gradually shift to the mainland.

• February 16, 2022

What is the prosperity of the PCB industry in 2022? After entering 2022, how is the prosperity of the PCB industry? Have upstream raw material prices declined? PCB downstream demand has entered a growth period 5G wireless communication is expected to fully blossom Recently, Wang Weizhong, the acting governor of Guangdong Province, said that he will respond to the policy and promote the digital transformation of 5,000 industrial enterprises above designated size, so as to realize the wide coverage of the Pearl River Delta with 5G network and full coverage in some areas; The national hub node of the national integrated computing power network. The data shows that in 2021, the telecommunications business revenue will increase by 8% year-on-year, and the software and information technology service industry revenue will increase by 17.7% year-on-year. The Ministry of Industry and Information Technology pointed out that by the end of 2021, a total of 1.425 million 5G base stations have been built and opened in my country. Under the trend of policy support and industrial development, the 5G sector will be good for a long time. Minsheng Securities believes that 5G wireless communication is expected to fully blossom in multiple boom industries. The era of the Internet of Everything has arrived, and the market space for communication modules is huge! Driven by the full recovery of the electronics industry driven by the new generation of information technologies such as 5G, the PCB and upstream copper clad laminate industries are expected to enter a high-growth channel. In terms of PCBs used in communication equipment, the demand for PCBs is mainly based on multi-layer boards. In terms of PCB boards for servers, with the rapid growth, the requirements for high integration and high frequency are also placed on PCBs, thereby driving the value and technology of PCB boards. New energy vehicle PCB usage continues to grow The data that the sales of new energy vehicles exceed expectations have been overwhelming, and the rapid growth of the industry is self-evident. The demand for PCBs from new energy vehicles and the continuous growth of the value of bicycles will also bring great benefits to the industry. (1) Sensors account for 2-5% of the total vehicle PCB usage First of all, PCB (printed circuit board) is an important raw material for electronic products. With the development trend of intelligent and electrified automobiles, the amount of electronic products is also greatly increased, especially in the field of sensors: the use of cameras and radars is growing exponentially. According to the configuration of the number of sensors in different grades of vehicles, the usage of PCB in sensors will account for 21%-55% of the total vehicle usage. (2) The three-electric system increases the amount of PCB The number of PCBs required in the three-electric system (battery, motor, and electronic control) of new energy vehicles is much higher than that of traditional veh...

• February 09, 2022

New energy vehicle with fire FPC At present, there are too many orders for in-vehicle FPC (flexible circuit board FPC), and its products have been used in many well-known new energy vehicle brands. Chairman Li Qiang revealed that the company's production capacity is continuing to expand, and in the future, it will increase the research and development and production capacity expansion of new energy vehicle soft boards and consumer electronics soft boards. FPC is a type of printed circuit board (PCB), which is widely used in communications, consumer electronics, and automotive fields. In traditional fuel vehicles, FPC is required for car lights, instrument panels, steering wheels, etc. The electrification and intelligence of automobiles have opened up a broader market space for FPC, and power batteries, sensors, and cameras need to use FPC. Taking batteries as an example, the new energy vehicle power battery collection line used traditional copper wire harness solutions. Compared with traditional wiring harnesses, FPC flexible circuit boards have high integration, automatic assembly, assembly accuracy, ultra-thin thickness, ultra-softness, Lightweight and many other advantages, especially in terms of automation and lightweight, provide a cheap for battery companies to improve production efficiency and save unit production costs. With the gradual popularization of new energy vehicles, in the context of declining subsidies and battery prices, battery companies need to introduce and apply new materials in power batteries in order to reduce costs. In recent years, through continuous improvement of the process, FPC manufacturers have further reduced the price of FPC for power batteries. With the joint promotion of power batteries and FPC manufacturers, the introduction environment of domestic FPC in the field of power batteries has been greatly improved, and it is gradually being adopted. It is widely adopted by various power battery manufacturers, and FPC is expected to be imported in large quantities. On the other hand, among the FPC raw materials, the cost of copper clad laminates accounts for a high proportion. Yan Fan, an analyst at China Merchants Securities, said that the price pressure of copper clad laminates is expected to be eliminated in 2022. From an investment point of view, FPC products of new energy vehicle power batteries require a certain verification period, and manufacturers that have entered the supply chain of car factories and battery factories have a first-mover advantage. In addition, FPC manufacturers that take the lead in deploying downstream integrated products CCS can further increase the value of bicycles, which is worthy of attention. In addition, material and equipment suppliers are also expected to benefit from it. Fangbang is the first domestic research and development, production, sales and An enterprise integrating service, Hongxin Electronics and Jingwang Electronics are its customers; Oat Technology has provid...

• January 20, 2022