Juncheng Technology: The Production Capacity Of Consumer Electronic E-cigarette Products Is Sufficient And The Sales Of TFT Products Have Reached A Certain Scale

Juncheng Technology: The production capacity of consumer electronic e-cigarette products is sufficient and the sales of TFT products have reached a certain scale

Juncheng Technology held an investor relations event, which introduced that the current production capacity of e-cigarette products is sufficient, and the fundraising project "TN, HTN product production project" has been completed and put into use, which has improved the production scale and efficiency of mid-to-high-end products. For the 2024 capacity planning, the company has made arrangements in advance, and the sales of e-cigarette TFT products have formed a scale and the production capacity is sufficient.

On July 10, Jiangsu Juncheng Electronic Technology Co., Ltd. (301106) held an investor relations event in the company's conference room. The company's senior management team attended, including Chairman and General Manager Ying Faxiang, Director, Deputy General Manager, Financial Director and Secretary of the Board Sun Changling, Securities Affairs Representative Li Ping, etc. It attracted a number of institutional investors including Qianhai Life Insurance to participate. During the meeting, the company's executives gave a detailed introduction to the current production capacity, future shipment plans and 2024 production capacity planning.

Juncheng Technology said that the company's products related to e-cigarettes are classified as consumer electronics products, and the current production capacity is sufficient. As the company continues to discover incremental customers, the company's production capacity planning will increase accordingly. At present, the fundraising project "TN, HTN product production project" has been completed and put into use, which will increase the production scale of the company's mid-to-high-end product structure, improve the company's production capacity and production efficiency, and meet the increasing customer scale and customer needs.

In response to questions about the shipment situation in the third quarter, Juncheng Technology said that the company is fulfilling various production tasks according to the contract and providing high-quality products to customers on time. The commissioning of the fundraising project will further improve the production capacity and efficiency of the company's mid-to-high-end products and ensure that it meets the ever-expanding customer needs.

Regarding the capacity planning for 2024, Juncheng Technology said that due to the company's advance planning, the company's e-cigarette TFT product sales this year have formed a scale and become the company's incremental business. The current capacity is sufficient.

According to the official website, Jiangsu Juncheng Electronic Technology Co., Ltd. is located in the Jurong Economic Development Zone adjacent to Nanjing, Jiangsu Province, China. The equipment is completely from a professional LCD & LCM manufacturer of Japan's HITACHI Company, specializing in the production and sales of STN liquid crystal displays and display modules. The company has an annual production capacity of more than 60,000 square meters of various displays and 20 million display modules. Its products are widely used in large-capacity information display terminals such as mobile phones, industrial equipment, home appliances, and terminal equipment.