Jiangsu Juncheng: E-cig Product Capacity is Sufficient, TFT Products Reaching Scale

On July 10th, Jiangsu Juncheng Electronic Technology Co., Ltd. (301106) held an investor relations event in the company's conference room. The company's senior management team, including Chairman and General Manager Ying Faxiang, Directors, Vice General Manager, Chief Financial Officer, and Board Secretary Sun Changling, and Securities Affairs Representative Li Ping, all attended. The event attracted participation from several institutional investors, including Foresea Life Insurance. During the meeting, the company's executives provided detailed information on current production capacity, future shipment plans, and the production capacity planning for 2024.

Jun Cheng Technology stated that the products related to e-cigarettes are classified as consumer electronics products, and the current production capacity is sufficient. With the continuous discovery of incremental customers, the company's production capacity planning will be increased accordingly. Currently, the raised investment project "TN, HTN product production project" has been completed and put into use. This will enhance the production scale of the company's mid-to-high-end product structure, improve the company's production capacity and efficiency, and meet the increasingly growing customer base and customer demands.

When asked about their shipping situation in the third quarter, Juncheng Technology stated that the company is fulfilling all production tasks according to their contracts and providing high-quality products to customers on time. The investment in fundraising projects will further improve the production capacity and efficiency of the company's high-end products, ensuring the meeting of expanding customer demands.

Regarding the production capacity plan for 2024, Juncheng Technology stated that due to early planning by the company, sales of the company's e-cigarette TFT products have already reached a significant scale this year, becoming an incremental business for the company. At present, the production capacity is sufficient.

According to the official website, Jiangsu Jun Cheng Electronic Technology Co., Ltd. is located in the economic development zone of Jurong City, Jiangsu Province, adjacent to Nanjing, China. It is a professional manufacturer of LCD & LCM products using equipment exclusively from the Japanese company HITACHI. The company specializes in producing and selling STN type liquid crystal displays and display modules. The annual production capacity is over 60,000 square meters of various displays and 20 million display modules. The products are widely used in mobile phones, industrial equipment, household appliances, and other large-capacity information display terminals.