Weilgao (301251), which has rich experience in the research and production of high-precision, high-density, and high reliability printed circuit boards (PCBs), recently replied to investors through the Shenzhen Stock Exchange's "Interactive Easy" that the company's export business accounted for about 31% in 2024, of which the proportion of direct exports to the United States was extremely low, only 0.02%. The direct impact of the US tariff policy on the company's business is relatively small. At the same time, the company always closely monitors the trade environment and industry trends, and maintains close communication with upstream industrial chains and downstream customers.

According to the introduction from Weiergao, the new technology developed by Weiergao in 2024 has successfully achieved mass production conversion, further optimized product structure, sufficient existing orders, and orderly progress of new orders and projects. According to the actual situation and development plan of the company, Thailand's production capacity plan and domestic production capacity plan are being carried out step by step and will not be affected. It is reported that the Wilco Thailand factory will be put into operation in June 2024, with a designed annual production capacity of 1.2 million square meters in the first phase. After six months of production line adjustment, employee training, system certification, customer audit, sampling and other preliminary work, the current capacity utilization rate of the first production line is 60%, and all work is on track, achieving mass production of high multi-layer boards.

PCB, as the mother of electronic products, is widely used in various terminal electronic products such as communication, computer, and automotive electronics, and is an important component of the electronic information industry chain. Since 2022, due to the impact of international environmental changes, some production capacity in China's PCB industry has shown a trend of transferring to Southeast Asian countries. At present, the PCB industry pattern mainly distributed in China, Japan, and Southeast Asia has taken shape and will gradually stabilize.

Given the complex and ever-changing international trade environment, Wilcoxon stated that the company will conduct in-depth research on policy content, actively negotiate with peers, customers, and suppliers, and work together to respond and make corresponding adjustments. Weiergao also revealed that PCB, as a customized product, has strong cooperation stickiness with customers and relatively stable orders. Secondly, the pricing of PCB products usually adopts a cost plus model. If there are significant changes in upstream raw materials or tax policies, the costs can be reasonably transferred and shared. In addition, the company's management of international trade transactions is scientifically rigorous, which can effectively reduce costs and risks.