Apple will launch new products, PCB supply chain is expected to benefit

According to market rumors, Apple (APPLE) is expected to launch a new MacBook Pro series of laptops at the end of the second quarter, followed by a new smartphone in the third quarter, which will help support the market demand for soft boards of printed circuit boards (PCBs). soft board manufacturers, including Flagship, Taijun (6269), Jialianyi (6153) and upstream Taihong (8039) are expected to benefit.

Lawyers said that Apple will hold its annual Worldwide Developers Conference (WWDC) next month and is expected to release more information about new products. In addition, the soft board industry will improve in the second half of the year, which will drive the soft board group to be favored by the market; among them, Taijun’s stock price once hit the daily limit of 112 yuan yesterday, and Jialianyi and Taihong also rose by half a root.

Lawyers said that due to the transition period between new and old products faced by major American customers in the second quarter, and the continuous destocking of the market, the operating performance of soft board manufacturers in April and May was relatively weak, but it is expected that Taijun and Jialianyi will regain momentum in operation from June.

Recently, Jialianyi General Manager Wu Yonghui said that he is optimistic about the increase in flexible board shipments in the second half of the year. It is estimated that the revenue ratio of the and second half of this year will be 40:60, which is larger than the 45:55 in previous years. Jialianyi continues to expand production on both sides of the Taiwan Strait. It is expected that the production capacity in the second half of the year will grow by 30% compared with the same period last year. Therefore, the estimated capital expenditure will exceed 1 billion yuan.

Being optimistic about the future of the flexible board industry, Nippon Mektron, the global in flexible boards (FPC) with a global market share of 25-30%, has also been reported to continue to expand production. It is expected to build new flexible board factories in Suzhou, China and Thailand, hoping to meet the strong market demand through active investment in production increase.