Shenzhen Enrich Electronics Co.,Ltd

As early as 2016, copper wafers required for the supply of printed circuit boards (PCBs) and copper foil substrates (CCLs) continue to be in short supply in some of the copper foil industries which are already suffering from long-term low-cost shut-down and partial conversion of copper foil to lithium batteries for electric vehicles. According to the data from China Chemical and Physical Power Industry Association, prices of raw materials for lithium batteries, including copper foil, electrolytic solvents, and drilling salt, have risen sharply, with prices of some products even risen by 50%. The CCL is also affected by the lithium battery and the automotive market, resulting in out of stock prices!

Shengyi Science and Technology as a well-known domestic manufacturers of CCL, while the CCL is also out of stock prices, prompting its revenue is also up, according to its recently released third quarter earnings report, the first three quarters of this year total revenue reached 77.29 100 million yuan, an increase of 26.50% compared with the same period of last year, and a net profit of 806 million yuan, up 61.32% from the same period of last year of 500 million yuan.

Back in the evening of November 2, according to the announcement of Shengyi Technology, the Company signed an agreement with Jiangxi Jiujiang Economic and Technological Development Zone to invest 2 billion yuan to establish CCL project to meet the continuous stability of CCL and PCB industry Growing market demand! Recently, Shengyi Science and Technology announced again that the company will raise 1.8 billion yuan to expand CCL and PCB production capacity!

Copper foil / CCL out of stock prices Health Science and Technology raised 1.8 billion to expand production capacity

On the evening of November 21, according to the announcement of Shengyi Technology, the company will publicly issue convertible bonds with a par value of RMB1.8bn for a term of 6 years. Mainly used in high thermal conductivity and high density printed circuit board with copper clad industrialization project (Phase II), with an annual output of 1700 square meters of CCL and 22 million meters of commercial bond sheet construction projects, of which the former will invest 1.012 billion yuan , The use of funds raised 700 million yuan, the latter will invest 10 billion yuan, the use of fund-raising 900 million yuan! In addition, the establishment of a new R & D office building will invest 298 million yuan, the total investment statistics of the three major projects will reach 2.31 billion yuan!