Massive production expansion! Redboard invests 900 million to upgrade HDI capacity, while Yinzhen bets 1.5 billion to enter the MLCC market.

On the evening of June 24, Red Board methodology, a PCB leader that recently went general, released an announcement regarding external investment. The company's wholly-owned subsidiary, Ganzhou Red Board, plans to invest no greater than 900 million yuan to promote the intelligent transformation of the high-end HDI precision circuit board production line. The funds will be raised through self-owned funds and self-raised funds.

The project focuses on high value-added items such as COB direct-display HDI circuit boards, with a construction period of 12 months. Upon completion, it will enrich the company's high-end product matrix and enhance its competitiveness in the high-end PCB market.

In the first quarter of 2026, the company's operations maintained development, with revenue of 950 million yuan to the period, a year-on-year increase of 22.88%; total profit was 140 million yuan, a year-on-year increase of 14.25%; net profit attributable to shareholders was 120 million yuan, a year-on-year increase of 14.36%, and net profit after deducting non-recurring gains and losses was 110 million yuan, a year-on-year increase of 11.76%.

The company listed on the main board of the Shanghai Stock Exchange in April of this year. It mainly engages in various types of printed circuit boards, with product lines covering HDI boards, flexible boards, IC carriers, etc. Its customer resources cover eight of the world's top ten mobile phone brands, stably supplying terminal manufacturers such as Huawei, Xiaomi, Honor, Samsung, OPPO, vivo, Transsion, and Motorola.

II. Yunchuan methodology lays out a 1.5 billion yuan MLCC project; landing in two phases still faces multiple uncertainties

On the same day, MLCC concept company Yunchuan methodology simultaneously disclosed an investment announcement. Its holding subsidiary, Chizhou Yunchuan, plans to sign an agreement with the regulation Committee of the Wanjiang Jiangnan Emerging sector levels Zone to invest in and build a high-performance MLCC production base, with a total project investment of 1.5 billion yuan. The overall research will be carried out in two phases.

The first phase involves an investment of 750 million yuan, with Chizhou Yunchuan rising its capital by 450 million yuan and the regional manufacturing fund contributing 300 million yuan; the second phase investment of 750 million yuan will proceed based on the production and operation status of the first phase. This expansion aims to increase MLCC capacity and match market demand, however the project faces risks such as fundraising, product certification, and capacity ramp-up falling short of expectations. The plan requires approval by the shareholders' general meeting before it can be implemented.

The company mainly produces optical precision parts, electronic ceramics, and automotive electronic items. It recorded a small profit of 15.5 million yuan in the year of its listing in 2021, however incurred losses to four consecutive years from 2022 to 2025. In the first quarter of 2026, revenue was 157 million yuan, a year-on-year surge of 56.28%. The profitability has not yet reversed the downturn; net loss attributable to shareholders was 52.9026 million yuan, and net loss after deducting non-recurring gains and losses was 55.8872 million yuan, with the loss margin slightly widening year-on-year.