New Opportunities by Government-Enterprise Collaboration, New Start by Capital and Production Expansion — Visit of Dongguan Municipal Party Committee Publicity Department to Eyang
At the beginning of February, Eyang Technology resumed production under the great concerns of related government departments and leaders at all levels. Eyang Technology is a company dedicated to the research, development, production and sales of Multilayer Ceramic Chip Capacitors (MLCCs for short). In recent years, as a domestic leader in the production of ultra-miniature MLCCs, the products have become the benchmark for industry development by virtue of important technical indicators such as thin layer, high stacking, high capacity and high stability, not only continuing to lead the peers in production, but also establishing close cooperation with well-known domestic and foreign enterprises.
Eyang Technology mainly focuses on the production of Multilayer Ceramic Capacitors (MLCCs), which is known as the "Rice for Industries". Though the unit price of MLCC is not high, it is used in large quantities and is a necessity for the electronics industry. Affected by the epidemic, a greater number of enterprises chose to work remotely, and the demands for PAD, PC, Netcom and cloud-based products increased accordingly, compensating for the impact of the decline in the cell phone market. The output value is slightly lower than the same period last year. However, with the gradual recovery of the upstream and downstream supply chain, the number of orders of Eyang Technology rose by 40% in June compared with the previous month.
In terms of overall market share, MLCC is still an industry dominated by Japan and South Korea, and the share of domestic products is about 7% to 8%. In terms of product competitiveness, the high-end capacitors by Eyang Technology are currently in the second tier globally and in the first tier domestically. The technology level of the ultra-miniature MLCC of Eyang Technology represents the domestic technology level, and the output of the ultra-miniature MLCC is the largest among the domestic counterparts. MLCC is an industry with high technical threshold, to break the life-and-death challenge for MLCC neck problem, efforts must be made to expedite the speed of localization and replacement of production process mode in MLCC field, which is also the mission of Eyang Technology. In the future, Eyang Technology will expand and optimize the product structure based on the original ultra-small miniature MLCC products, vigorously develop industrial/vehicle-grade MLCCs and medium- and high-end products for 5G base station applications, and plan to invest more than RMB 7 billion in Chuzhou, Anhui Province and Dongguan to continue to expand production and accelerate the pace of construction of new production bases in East China and South China.
Since last year, with the changes in the international trade situation and the superimposed resistance of COVID-19 epidemic, the supply side of the domestic MLCC market has also experienced significant fluctuations, with many enterprises being deeply affected. However, it is Eyang Technology's solemn commitment to our customers to fully meet their demands and complete product delivery in an all-round manner.
Eyang Technology has been deeply rooted in Fenggang for nearly 20 years, and has made great development and progress under the concerns of the city and town governments and all walks of life. We are very grateful for the policy support and support from the city and town governments and the leaders of related departments for Eyang Technology, and also appreciate the partners who have been supporting and accompanying Eyang Technology for nearly 20 years.