Leading domestic brands to achieve domestic substitution with "5 billion to create a new prosperity"

Recently, Guangdong Fenghua High tech Technology Co., Ltd. (hereinafter referred to as Fenghua High tech), a leading domestic passive component manufacturer, disclosed relevant announcements such as the "Report on the Issuance of Non Public Development Bank Stocks", raising a total amount of 5 billion yuan. In the macro environment of significant fluctuations in the capital market in the first quarter of this year, the successful conclusion of Fenghua High tech's non-public offering project also confirms the strong confidence of the capital market in the industry and Fenghua's future development prospects. The financing scale of this private placement is 83.33% of the net assets of Fenghua before the project launch, which is almost equivalent to rebuilding a Fenghua high-tech industry and opening a new round of journey for national brands in domestic substitution.

Against the backdrop of increasing global trade barriers, domestic substitution is imperative. As a leading player in domestic MLCC and chip resistors, Fenghua High tech not only carries out social responsibility, but also leads the healthy, orderly, and benign development of the passive component industry in China through the high-end product technology research and development brought by this financing.

Promoting the healthy and orderly development of the industry still requires the concerted efforts of domestic manufacturers

With the gradual implementation of 5G smartphones and new energy vehicles in the past two years, the market size of passive components (capacitors, resistors, inductors) is also increasing. In the current domestic market, due to various factors, there is a growing demand for raw materials, labor costs continue to rise, and the terminal market is sluggish. However, the production capacity of domestically produced ordinary thick film resistors is still continuously expanding. How to achieve a "three win" situation for original manufacturers, agents, and end users, and achieve true domestic substitution of high-end products instead of low-end price substitution. To promote the healthy and sustainable development of the industry, it is still necessary for domestic manufacturers to work together under the guidance of "Big Brother of Domestic Passive Parts" - Fenghua, in order to move forward.

National brand Anhui Fuxin FOSAN, firmly committed to stable growth of conventional products, with a focus on creating high-end special products

As a rising star among private manufacturers, Anhui Fuxin brand FOSAN has two major business units: Anhui Fuxin Semiconductor Technology Co., Ltd. and Anhui Fujie Electronic Technology Co., Ltd. Since its establishment, we have always adhered to our strategic goals and formed a dual dimension of sustainable development momentum through hard indicators of market layout, technological research and development, advanced equipment, efficient production capacity, and professional teams, as well as soft indicators of craftsmanship quality, green manufacturing, and high-quality services. At the same time, in terms of product planning, we adhere to the policy of stable growth of conventional products and key development of high-end special products, in order to contribute our modest efforts to the process of domestic substitution and create a high-quality domestic electronic component national brand.

For Chinese electronic component brands, "this is a brand new era, and also the best era," and the road to domestic substitution is still long. I believe that with policy support and the rise of new consumption, China, as the center of global trade, "Made in China" and "Made in China" will also give rise to a larger stage, a stage that requires domestic manufacturers to work together to perform.