Tianjin Purin: Invest 1 billion yuan to build two production lines and strive to become a leading PCB company in the fields of automotive, communications, and industrial control medical

China Securities Network (Wang Luo) Tianjin Pulin announced on the evening of August 23 that it revealed its smart project investment plan. The third meeting of the company's sixth board of directors reviewed and approved the "Proposal on the company's smart factory project investment plan" and approved the company's implementation year Investment plan for the production of 1.2 million square meters of automotive and communication circuit board smart factory projects. The total investment of this project is about 1 billion yuan. The project plans to build two production lines for the production of PCB boards, and add a total of 664 major production equipment (sets/item), including 654 domestic equipment (sets/item) and 10 imported equipment (set). The project site selects the existing production site in the existing plant area of Tianjin Purin Circuit Co., Ltd. (No.53 Hanghai Road, Tianjin Free Trade Pilot Zone (Airport Economic Zone)) for transformation and upgrading.

Tianjin Pulin said that the PCB industry demand is strong, and the company's capacity expansion is imminent. The new investment of 1 billion yuan this time has greatly increased the company's production capacity. Benefiting from the global economic recovery and the effective alleviation of the epidemic, suppressed consumer demand rebounded rapidly in the first half of 2021, and the prosperity of the PCB industry continued to rise. The recent industry forecast analysis of the prismark agency raised the forecast for the annual growth rate of the PCB industry from 8.6% to 14.0%.

It is understood that in the first half of 2021, the company`s management will stimulate organizational vitality, enhance organizational competitiveness, and help the company`s strategy implementation in the first half of 2021. It has also achieved a significant increase in operating efficiency. The monthly output has increased steadily compared to the previous month, and it has achieved multiple consecutive months. In the first half of the year, the company achieved operating income of 314 million yuan, a year-on-year increase of 46.86%; at the same time, the net cash flow from operating activities in the first half of the A record high in the six-month interval. On the one hand, the company's sales revenue has increased significantly, and on the other hand, the cash cycle has been optimized. The company has adopted measures such as strict control over overdue accounts receivable, speeding up the delivery of finished warehouse products, and increasing the proportion of bank acceptances payable.

The company stated that 2021 is the first year of the company's "9205" strategy, and this 1 billion yuan of new investment is also an important step in the company's strategic layout. This year, Tianjin Pulin will catch up, go uphill, catch up and surpass, and lead the industry. Strive to gather a first-class team, quickly increase the scale, and work together with old factories and new lines to become a PCB leader in the fields of automotive, communications, and industrial control medical.