News summary
[MLCC downstream industry demand recovers Bojie's equipment orders rebound] Securities Times NewsredditrouletteSince 2024, signs of capital expenditure recovery in the MLCC (multilayer ceramic capacitor and resistor) industry have become increasingly obvious, and orders from upstream MLCC equipment manufacturers are gradually recovering. Bojie Shares (00297redditroulette...
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[Demand in the downstream industry of MLCC is recovering and equipment orders from Bojie Co., Ltd. has rebounded] Securities Times News that since 2024, signs of capital expenditure recovery in the MLCC (multilayer ceramic capacitor and resistor) industry have become increasingly obvious, and orders from upstream MLCC equipment manufacturers are also gradually recovering. Bojie (002975) is the leading domestic provider of overall solution for radio frequency, acoustics, optical test and testing equipment. The number of new orders this year has increased significantly compared with the same period last year. With the acceleration of the domestic replacement process of high-end equipment, the company's benefits are expected to usher in a new stage of growth in the medium and long term. MLCC is the largest type of passive electronic component. Its main advantages are small size, wide frequency range, long life and low cost. It is known as the "rice in the electronics industry" and the "king of passive components". It is widely used in consumer electronics, automotive electronics, and other industrial information electronics fields. It plays the role of oscillation, coupling, bypass and filtering in electronic circuits. Among them, consumer electronics products are MLCC's largest application market, accounting for about 70% of the market share. Industry insiders believe that with the development of cloud computing and AI technology, there is an endless demand for a large number of high-performance MLCCs. These products are characterized by high pressure resistance, high temperature resistance, and high capacity; and AI servers usually use large-capacity, high-pressure MLCCs, such special specifications not only have a higher unit price, but also have twice that of ordinary servers, the total capacity increased by 2 - 3 times, and the total purchase amount is 4 - 6 times higher. After nearly 8 years of continuous R & D investment, Bojie Co., Ltd. has achieved mass production of equipment in the field of passive component testing represented by ultra-high precision MLCC. The equipment efficiency, accuracy and consistency have reached the leading domestic level, and the import substitution of related equipment has been achieved. The products fully cover domestic leading MLCC manufacturers, and the related equipment has achieved a cumulative revenue of approximately 450 million yuan. Bojie shares revealed that the number of new orders this year has increased significantly compared with the same period last year. In addition to the company's traditional flagship product, hexahedron appearance testing machines, new orders have also been shipped in batches and formed orders. It is expected that this year. Revenue can be confirmed. At present, the equipment shipped by Bojie Co., Ltd. has initially covered four core process equipment: hexahedron appearance inspection machine, test packaging and taping machine, high-speed testing machine, and high-speed lamination machine. More than 50% of the value of MLCC core process equipment, including a series of core key equipment and high value-added equipment such as the high-speed lamination machine and high-speed testing machine, known as the "Pearl in the Crown". Among them, the high-speed lamination machine has completed the development of the second-generation machine and has been sent to customers to complete the ability test on site. (Wen Sui) Proofreading: Zhu Tianting
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