❗[TF New Energy] Hongban Technology Update 0729

English summary

### ❗[TF New Energy] Hongban Technology Update 0729 Time: 2026-07-30 09:50:56 Content: —————————— 1. The company currently generates 5 billion yuan in output value, with consumer electronics boards accounting for 50%+, high-end displays 17%, and the rest from automotive and communications (optical modules just starting to ramp up). 2. New capacity: 1) Fundraising project: gradual production in July, mass production from August, mainly for optical modules. Full capacity is about 6 million units/month, currently 1 million units/month. 2) Ganzhou project: expansion for high-end display Mini/Micro LED boards, expected to start production by end of 26. 3) Ji'an HDI expansion project: investment of 700 million yuan, output value 1 billion yuan, expected to complete infrastructure by end of 26 and start production in mid-27. 4) mSAP project: investment of 5 billion yuan, output value depends on output. Traditional HDI is generally 1:1, while optical modules currently can reach 1:5. Expected construction period of 4 years, with first-phase capacity contributing from 28, estimated at 1 billion yuan. ...