On August 9, 2023, ASKPCB (002913.SZ), a prominent Chinese PCB manufacturer, has released its 2023 semi-annual report,which revealed revenue of ¥2.042 billion (approximately $283 million) and a non-deductible net profit of ¥262 million (approximately $36.34 million), representing a year-on-year growth of 10.2%, with the net profit margin stood at 13.63%. These figures highlight ASKPCB's leading position in terms of profitability among listed PCB companies in mainland China.

The main financial data is as follows:

1.Revenue: ¥2.042 billion(approximately $36.34 million).

2.Total profit: ¥311 million(approximately $43.13 million).

3.Non-deductible net profit: ¥262 million(approximately $36.34 million), with a year-on-year growth of 10.2%.

4.Profitability indicators:

  a.Weighted return on equity: 7.09%.

  b.Weighted non-deductible return on equity: 6.68%.

  c.Weighted return on total assets: 3.52%.

  d.Capital return on investment: 4.78%.

  e.Gross profit margin: 26.01%.

  f.Net profit margin: 13.63%.

As a globally recognized top 100 PCB company, ASKPCB boasts a wide business coverage, offering a diverse range of products including single & double-sided boards, high-density multilayer boards, and HDI boards. Pioneering in the industry, the company has successfully implemented a production model featuring an oversized layout, with the establishment of six state-of-the-art intelligent production lines for oversized boards. Currently, four of these lines are operating smoothly, significantly improving production efficiency and product yield.

ASKPCB has established a real-time and visual digital management platform for production resources, achieving industry-leading levels of profitability.

ASKPCB's Thai base, Sundell, was established in February 2023 and is located in the Rojana Ayutthaya Industrial Park of Thailand. Spanning an area of approximately 400 acres, the initial phase of production capacity aims to reach 120,000 square meters per month. Construction activities began in April 2023 and are projected to conclude by the end of November, paving the way for trial production in Q2,2024. After this, production capacity will steadily ramp up throughout Q3 & Q4,2024 .

ASKPCB has established a substantial and esteemed customer base, comprising distinguished clients both domestically and internationally. In the communication and networking sector, they have clients such as Huawei, ZTE, Aruba, and Sagemcom. In the consumer sector, clients include Samsung, Sharp, Epson, Canon, Midea, and Changhong. In the automotive electronics sector, clients range from BYD, BorgWarner, Yazaki, Hyundai Mobis, Desay SV, Siemens, to Sanden.

Furthermore, in 2022, ASKPCB entered the invitation catalog of next-generation server suppliers for Intel and AMD. Their products have already passed Intel's validation, while AMD is currently undergoing various performance tests on their offerings.ASKPCB provides high-quality products to brand server and data center companies, as well as ODM/OEM manufacturers such as HPE, ZTE, xFusion, H3C, GWM, Inspur, Foxconn, Compal, Quanta, Pegatron, Inventec, Wistron, Gigabyte, Delta, Accton, and Sercom.