Order transfer! A 30-year old Hong Kong-owned PCB factory in Shenzhen was sold

Recently, Datong Machinery announced on the Hong Kong Stock Exchange that on October 16, 2023, it entered into a Memorandum of Understanding and a sale and purchase agreement with Anpak Circuit Board Co., LTD., selling all the share capital of Hong Kong Bangji Shares and all the shares of Shenzhen Bangji.

Among them, the price of Shenzhen Bangji is about 137 million yuan, and the buyer is Anbai Circuit Board Co., LTD. Since then, the Hong Kong identity of the old PCB factory that has operated in Shenzhen for 30 years has come to an end, and the reputation that it once had has not reached the impact of The Times, but has withdrawn from the stage of history.

Public information shows that Shenzhen Bangji Circuit Board Co., Ltd. was founded in 1988, is located in Shenzhen Baoan District Shajing Town west Industrial Zone Wan 'an Road No. 3, covers an area of more than 30,000 square meters, registered capital of 140 million yuan, the existing staff of more than 1000 people, in the printed circuit board industry has more than 30 years of production experience.

Shenzhen Bangji Circuit Board Co., Ltd. is a professional printed circuit board high-tech Hong Kong enterprises, specializing in the production of double-sided, multi-layer, HDI, aluminum substrate, copper substrate, its products are widely used in automotive, industrial, medical, consumer fields, products 100% export, selling in the United States, Japan, Europe and other places.

For the reasons for the sale of the Shenzhen Bangji, Datong Machinery said in the announcement that the significant operating loss recorded by the Group's printed circuit board processing business was due to various negative factors, including the obvious shift of European auto parts manufacturers to sourcing outside China, unfavorable exchange rate movements, the silicon chip supply crisis, and low consumer confidence. The revenues of Bunge's subsidiaries have declined significantly in the last two years, and its financial performance has not improved since the end of the reporting period for the 2022 annual report. Having considered the above factors, the Group remains sceptical about a quick turnaround.
In the face of difficult and volatile market conditions, the disposal provides an opportunity for the Group to exit the printed circuit board manufacturing business and to focus its resources on other business segments with more positive cash flow potential, thereby strengthening the Group's financial position.
Relatively speaking, Shenzhen Bangji circuit board eventually ended up being sold, which is a relatively good end. In recent years, PCB manufacturers continue to declare bankruptcy and closure of settlement, whether it is 40 years of Hong Kong, foreign old factories, or domestic famous brand factories, because of the intensification of industry competition, orders cliff type decline to the last can no longer operate.
The recent list of PCB factories in Shenzhen is as follows:
Shenzhen Xinrui Electronics Co., LTD
Two. Shenzhen Aohongda Technology Co., LTD
Shenzhen Hehong Electronic Technology Co., LTD
4. Shenzhen Desheng Xin Technology Co., LTD
Five. Shenzhen real art circuit board Co., LTD
6. Shenzhen Xingyonghao Technology Co., LTD
Seven. Shenzhen YouPincheng Circuit Co., LTD
Shenzhen Chuangjiaxun Technology Co., LTD
9. Shenzhen Hua Zhongxing Circuit Board Co., LTD
10. Shenzhen New Hongji Electronics Co., LTD

In fact, in recent years, under the influence of multiple factors such as the epidemic, limited discharge, and the changing international political and economic situation, competition in the PCB industry has intensified, and it has been accelerating reshuffle and mergers and acquisitions, and the development situation of the industry this year is turning sharply downward. A company that has been deeply engaged in the PCB industry for many years revealed that "this year may be the worst year in the PCB industry for 20 years." The problem of delayed delivery and cut orders pervades the entire industry.
How to find a bright road in the haze has become a common issue for industry enterprises.