During recent visits with institutional investors, Dongguan Dingtong Precision Metal Co., Ltd. (688668.SH) stated that currently their communication connector products are mainly produced in Dongguan. With the growth of customer demand, the capacity utilization rate has increased compared to last year and has reached a relatively saturated state. Henan Xinyang's subsidiary currently focuses on the production of automobile connector products. With the investment in the IPO project, it is possible to greatly increase output value. However, the capacity utilization rate still needs improvement, but the company is continually expanding its business.
The total investment of the Malaysian subsidiary is currently 8 million US dollars and it is cooperating with other divisions of existing clients for project development. However, the project has not yet entered the mass production stage.