On October 15th, XMHX Electronic Technology Group released information. The company stated that in the field of power batteries, the company has close cooperation with well-known power battery manufacturers including CATL, and will further expand power batteries as the company's production line is adjusted. The range of customer groups in the field and the transaction amount.
In addition, the current capacity of XMHX can no longer meet the capacity requirements of the company's established strategic layout. Through capacity expansion and capacity adjustment, the company strives to achieve the best economic benefits with the most reasonable configuration. For example, XMHX's FPC factory in Jingmen will give full play to the advantages of equipment automation, lower labor costs, and more reasonable production line layout, significantly reduce FPC manufacturing costs, and increase gross and net profit margins. In the future, the company's LCM supporting FPC business will focus on production at the Jingmen plant. After the transfer of the LCM business to the Jingmen plant, the Xiamen plant will use the headquarters’ R&D advantages to focus on manufacturing FPC multilayer boards, mobile phone direct supply boards, OLED supporting boards, automotive boards and other technically difficult high-value-added products, so as to realize FPC Optimal allocation of production capacity.
At the same time, the company`s new rigid-flex board manufacturing base invested in Yingtan, Jiangxi, will manufacture high-end rigid-flex board products with a brand-new high level of equipment and high technology, which will help the company to get rid of the constraints of existing capacity limitations on business and adjust The product structure of the soft and hard board will consolidate the mobile phone camera, expand the proportion of the car camera, TWS headset and other businesses, and make the soft and hard board business an important growth point for the company.
Currently, the main customers of XMHX's FPC include Shenzhen Tianma, BOE, Xiaomi, VIVO, OPPO, Shenzhen Super, Visionox, CATL, Motorola, etc. In the field of TWS headsets, XMHX's FPC products and pressure sensor products have begun to be applied to the supply chain of several domestic mainstream TWS headset brands, but they have not yet entered the Apple industry chain.
In the field of automotive electronics, in addition to continuing to expand the company’s original FPC business share for automotive display modules, XMHX will further leverage on the advantages of automotive power battery business to expand customers and expand the market, and continue to develop businesses in automotive entertainment systems, automotive monitoring systems and other fields opportunity. At the same time, the company is actively exploring the application of flexible pressure sensors in automotive electronics. According to the company's development strategy, the company's current automotive industrial control business accounted for 30%.