On June 17, Shenghong Technology (300476) responded to a series of issues of concern to investors on the investor relations platform.
Investors raised questions. At the end of 2024, the company’s fixed assets were 7.172 billion and projects under construction were 257 million. By the end of 2025, fixed assets had become 9.164 billion. They asked whether the difference was due to new construction and conversion in 2025, and whether it meant that production capacity could be expanded in one year.
Shenghong Technology responded that the company’s increase in fixed assets in 2025 will mainly come from the purchase of machinery and equipment, and the proportion of houses under construction and buildings transferred to fixed assets will be relatively small.
If you want to know the specific situation, you can check the relevant content in “Section 8 Financial Report” of the “2025 Annual Report” disclosed by the company. “VII. Notes on Consolidated Financial Statement Items”.
Here are two related pictures that can give us a more intuitive understanding of the situation.
From the pictures, you may be able to see some of the company’s production scenes or equipment conditions, etc.
The PCB industry in which Shenghong Technology operates is an asset-heavy manufacturing industry, and the production capacity construction cycle is generally long.
In the early stages of building a new factory, running in production lines and gradually releasing production capacity are necessary processes for the industry.
This means that the company needs to invest a lot of time and energy in building production capacity and cannot do it overnight.
Although production capacity construction faces many challenges, Shenghong Technology expressed its confidence in subsequent production operations and benefit realization.
The company purchases machinery and equipment to increase fixed assets in order to enhance its production capacity and competitiveness.
By introducing advanced machinery and equipment, we can improve production efficiency and ensure product quality, thereby occupying a more favorable position in the market.
Another picture can also provide us with more information.
This picture may show the overall layout of the company or the appearance of newly purchased equipment, etc.
For investors, understanding the company’s increase in fixed assets and production capacity construction progress will help them make more reasonable investment decisions.
The positive response of Shenghong Technology on the investor relations platform also reflects the company’s emphasis on investors.
The company’s confidence in facing the challenge of capacity construction also sends a positive signal to investors.
I believe that in the future, Shenghong Technology will continue to work hard in the PCB industry to achieve better development and bring more returns to investors.
