China Porcelain Electronics received a strategic investment of 2.5 billion yuan for production line construction and research and development investment

      On November 4, Hebei China China Electronics Technology Co., LTD. (hereinafter referred to as "China China Electronics") issued an announcement saying that by issuing 29,940,119 RMB ordinary shares (A shares) to seven specific investors including China State-owned Enterprise Structural Adjustment Fund II Co., LTD., China China Electronics raised a total of about 2.5 billion yuan in monetary funds. After deducting the expenses related to the issuance of 37.3094 million yuan, the actual net raised funds was 2.463 billion yuan. As a result of this issuance, its registered capital increased from $292 million to $322 million.

      The State transfer fund news pointed out that the State transfer fund participated in the investment as a strategic investor. China China Electronics has completed the integration of the third generation semiconductor quality assets of the 13th Institute of CLP, and this capital increase will also be used for related production line construction and research and development investment, opening the second growth curve for the company.

       Founded in 2009, China Porcelain Electronics belongs to the 13th Research Institute of China Electronics Technology Group, specializing in the development, production and sales of electronic ceramics products. The main products include optical communication device shell, wireless power device shell, infrared detector shell, high-power laser shell, acoustic meter crystal oscillator shell, 3D optical sensor module shell, 5G communication terminal module shell, aluminum nitride ceramic substrate, ceramic components, integrated heater, etc. Widely used in optical communication, wireless communication, industrial laser, consumer electronics, automotive electronics and other fields.

       In the recent investor relations activity table, China Porcelain Electronics disclosed that the company has developed alumina, aluminum nitride core materials and supporting metallization system for precision ceramic parts, established a perfect precision ceramic parts manufacturing process platform, and developed the core technical indicators of ceramic heating plate products have reached the international level of similar products and passed user verification. The localization of key components has been realized, and has been applied in batches to domestic semiconductor key equipment. The sales revenue of precision ceramic parts in the first half of 2023 has exceeded the full-year revenue of the product in 2022.

        China Porcelain Electronics this asset reorganization, sounded the "vanguard" to enter the new electronic ceramics market, large-scale mergers and acquisitions, expand new product areas, enter the third-generation semiconductor market, accurately grasp the market development opportunities, it is expected that the future China porcelain Electronics will aggressively improve the overseas market layout, through participation in international cooperation and competition, to further increase the share of the international market.