The overseas epidemic situation is urgent, and listed companies in the capital market that mainly focus on overseas markets have also received much attention. Mingyang Circuits, a small batch PCB manufacturing company, has more than 90% of its business overseas, and its sales areas include Europe, America, Southeast Asia and many other countries and regions. At present, the company has resumed production and production, and the production and operation situation is stable.

 

"The first quarter of the previous year was relatively prosperous overseas, but at the end of the first quarter of this year, due to the epidemic, the overseas market may be subject to a little fluctuation." Zhang Peike, chairman of Mingyang Circuit, mentioned in the acceptance of the "Panorama Cloud Appointment" video live connection He said that the company's customers are mainly in the front end of product development and product design. According to the impact of several major economic recessions in the past, the industry has not been affected too much and belongs to a relatively stable market. At present, the US subsidiaries responsible for the sales of Mingyang Circuit are all working from home, and the German subsidiaries are currently in stable production and operation.

 

Affected by the international trade environment last year, the development of the PCB industry ushered in a test. Due to the breaking of the capital chain and environmental protection requirements, some small and medium-sized PCB manufacturers continue to be out. Under pressure, Mingyang Circuit's 2019 performance has grown steadily, with a net profit of 127 million to 146 million yuan, which is an increase of 5% to 20% year-on-year. "Mingyang Circuit has always been committed to the development of internationalization, and this will not change because of the epidemic. We will pay more attention to the impact of the entire anti-globalization trend of the epidemic and Sino-US trade on the PCB industry and economy." Zhang Peike Said that the company is strengthening the manufacturing capacity and technical level of its subsidiary's German factory, and at the same time, it is upgrading its technology in accordance with customer needs and industry development.

 

This year is a crucial year for 5G construction. As the "mother of electronic products", PCB has higher requirements and more demands on it. According to Zhang Peike, Mingyang Circuit has been paying attention and investment since 2018 to make 5G-related technical reserves.

 

Source: Panorama