每(mei)經AI快訊，有投資者(zhe)在投資者(zhe)互(hu)動平臺提(ti)問：尊(zun)敬的(de)領(ling)導您好，最近五年(nian)是(shi)公(gong)(gong)(gong)司(si)大幅擴(kuo)產(chan)的(de)幾年(nian)，相比較公(gong)(gong)(gong)司(si)過(guo)去的(de)發展(zhan)年(nian)份來看(kan)，可以說(shuo)比較激進！但是(shi)隨著產(chan)業鏈持續的(de)需求不振，公(gong)(gong)(gong)司(si)產(chan)能有出現過(guo)剩的(de)情(qing)況，各項費用大幅增加，公(gong)(gong)(gong)司(si)將如何度過(guo)這段(duan)陣痛期(qi)？另(ling)外公(gong)(gong)(gong)司(si)對(dui)于上海基(ji)地提(ti)到的(de)信息非常少？可否具(ju)體(ti)介紹(shao)一下？

順絡電(dian)(dian)子(zi)(zi)（002138.SZ）4月(yue)(yue)16日(ri)在投(tou)資者互動(dong)平(ping)臺表示(shi)， 公(gong)(gong)司(si)(si)(si)持續(xu)擴產(chan)(chan)(chan)(chan)(chan)(chan)是(shi)基(ji)于(yu)四(si)個維度考慮：行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)前(qian)景(jing)、公(gong)(gong)司(si)(si)(si)戰略目(mu)標、競(jing)爭(zheng)(zheng)地位和(he)(he)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)務發(fa)展(zhan)(zhan)、產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)特點。 一(yi)、行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)前(qian)景(jing) 公(gong)(gong)司(si)(si)(si)擁有(you)四(si)大(da)產(chan)(chan)(chan)(chan)(chan)(chan)品線(xian)系列(lie)(lie)(lie)——磁性器(qi)(qi)(qi)件(jian)(jian)、敏感(gan)(gan)(gan)及(ji)(ji)傳(chuan)感(gan)(gan)(gan)器(qi)(qi)(qi)、微波器(qi)(qi)(qi)件(jian)(jian)、精(jing)(jing)(jing)密(mi)陶(tao)瓷，主要(yao)使用于(yu)“整(zheng)機的(de)(de)(de)(de)信(xin)號處(chu)理(li)(li)功能”及(ji)(ji)“整(zheng)機的(de)(de)(de)(de)電(dian)(dian)源(yuan)(yuan)(yuan)管(guan)理(li)(li)功能”等(deng)領(ling)(ling)域，是(shi)信(xin)號處(chu)理(li)(li)和(he)(he)電(dian)(dian)源(yuan)(yuan)(yuan)管(guan)理(li)(li)的(de)(de)(de)(de)核(he)心元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)，隨著整(zheng)機產(chan)(chan)(chan)(chan)(chan)(chan)品功能及(ji)(ji)應用的(de)(de)(de)(de)發(fa)展(zhan)(zhan)，各類元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)使用總(zong)量及(ji)(ji)高(gao)(gao)品質元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)使用數(shu)量及(ji)(ji)比(bi)重持續(xu)增加，同(tong)(tong)時(shi)，新(xin)(xin)興產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)（AI及(ji)(ji)數(shu)據中(zhong)心、電(dian)(dian)動(dong)汽車、5G及(ji)(ji)5.5G、無(wu)人(ren)裝備、低空經(jing)濟、光儲新(xin)(xin)能源(yuan)(yuan)(yuan)等(deng)）快(kuai)速發(fa)展(zhan)(zhan)，給(gei)元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)帶來了更(geng)加廣(guang)(guang)闊(kuo)的(de)(de)(de)(de)發(fa)展(zhan)(zhan)機會(hui)。 二(er)、戰略目(mu)標 基(ji)于(yu)行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)前(qian)景(jing)，公(gong)(gong)司(si)(si)(si)期(qi)(qi)(qi)望(wang)成(cheng)為(wei)(wei)全(quan)(quan)球(qiu)電(dian)(dian)子(zi)(zi)元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)領(ling)(ling)域專家；堅持全(quan)(quan)球(qiu)化(hua)(hua)和(he)(he)創新(xin)(xin)戰略，持續(xu)為(wei)(wei)客戶創造價(jia)值(zhi)，成(cheng)為(wei)(wei)全(quan)(quan)球(qiu)電(dian)(dian)子(zi)(zi)產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)鏈(lian)的(de)(de)(de)(de)優(you)選伙(huo)伴。 三、競(jing)爭(zheng)(zheng)地位和(he)(he)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)務發(fa)展(zhan)(zhan)情況 經(jing)過二(er)十多(duo)年(nian)(nian)的(de)(de)(de)(de)專注(zhu)成(cheng)長(chang)(chang)(chang)，公(gong)(gong)司(si)(si)(si)實(shi)現年(nian)(nian)交付電(dian)(dian)感(gan)(gan)(gan)遠超(chao)千億(yi)只，為(wei)(wei)全(quan)(quan)球(qiu)供應鏈(lian)提供服務，已成(cheng)為(wei)(wei)在全(quan)(quan)球(qiu)被動(dong)電(dian)(dian)子(zi)(zi)元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)及(ji)(ji)技(ji)術(shu)解決方案(an)領(ling)(ling)域中(zhong)具有(you)技(ji)術(shu)領(ling)(ling)先(xian)和(he)(he)核(he)心競(jing)爭(zheng)(zheng)優(you)勢(shi)的(de)(de)(de)(de)國(guo)際化(hua)(hua)企業(ye)(ye)(ye)(ye)(ye)(ye)(ye)，是(shi)少數(shu)能夠在高(gao)(gao)端電(dian)(dian)子(zi)(zi)元(yuan)(yuan)件(jian)(jian)領(ling)(ling)域與國(guo)際企業(ye)(ye)(ye)(ye)(ye)(ye)(ye)展(zhan)(zhan)開全(quan)(quan)面競(jing)爭(zheng)(zheng)的(de)(de)(de)(de)中(zhong)國(guo)企業(ye)(ye)(ye)(ye)(ye)(ye)(ye)之一(yi)；與元(yuan)(yuan)件(jian)(jian)巨頭日(ri)本村田、TDK、太誘同(tong)(tong)為(wei)(wei)互相尊重的(de)(de)(de)(de)競(jing)爭(zheng)(zheng)對手(shou)（電(dian)(dian)感(gan)(gan)(gan)是(shi)電(dian)(dian)容、電(dian)(dian)阻、電(dian)(dian)感(gan)(gan)(gan)三大(da)無(wu)源(yuan)(yuan)(yuan)元(yuan)(yuan)件(jian)(jian)之一(yi)）。近5年(nian)(nian)來，依(yi)托電(dian)(dian)感(gan)(gan)(gan)產(chan)(chan)(chan)(chan)(chan)(chan)品奠(dian)定的(de)(de)(de)(de)行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)美譽度和(he)(he)基(ji)礎研究(jiu)實(shi)力，公(gong)(gong)司(si)(si)(si)圍(wei)繞元(yuan)(yuan)器(qi)(qi)(qi)件(jian)(jian)領(ling)(ling)域全(quan)(quan)面發(fa)力，不僅(jin)是(shi)電(dian)(dian)感(gan)(gan)(gan)系列(lie)(lie)(lie)產(chan)(chan)(chan)(chan)(chan)(chan)品持續(xu)擴充創新(xin)(xin)，磁性器(qi)(qi)(qi)件(jian)(jian)系列(lie)(lie)(lie)產(chan)(chan)(chan)(chan)(chan)(chan)品、微波器(qi)(qi)(qi)件(jian)(jian)系列(lie)(lie)(lie)產(chan)(chan)(chan)(chan)(chan)(chan)品、精(jing)(jing)(jing)密(mi)陶(tao)瓷系列(lie)(lie)(lie)產(chan)(chan)(chan)(chan)(chan)(chan)品齊(qi)頭并進(jin)，同(tong)(tong)樣取得突破性進(jin)展(zhan)(zhan)，得到了眾多(duo)全(quan)(quan)球(qiu)領(ling)(ling)先(xian)企業(ye)(ye)(ye)(ye)(ye)(ye)(ye)的(de)(de)(de)(de)廣(guang)(guang)泛(fan)認可。 四(si)、產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)特點 公(gong)(gong)司(si)(si)(si)屬于(yu)高(gao)(gao)科(ke)技(ji)基(ji)礎產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)，固定基(ji)礎設(she)施投(tou)資大(da)要(yao)求(qiu)高(gao)(gao)（3-5年(nian)(nian)）、設(she)備先(xian)進(jin)選項交付周期(qi)(qi)(qi)長(chang)(chang)(chang)（6-24個月(yue)(yue)）、設(she)備精(jing)(jing)(jing)密(mi)調試(shi)時(shi)間(jian)(jian)(jian)長(chang)(chang)(chang)（6-18個月(yue)(yue)），所以許多(duo)工作需(xu)要(yao)盡(jin)可能并行(xing)。因為(wei)(wei)投(tou)資強(qiang)度大(da)周期(qi)(qi)(qi)長(chang)(chang)(chang)，達產(chan)(chan)(chan)(chan)(chan)(chan)需(xu)要(yao)一(yi)段時(shi)間(jian)(jian)(jian)，所以達產(chan)(chan)(chan)(chan)(chan)(chan)期(qi)(qi)(qi)間(jian)(jian)(jian)“固定基(ji)礎設(she)施利用不足是(shi)正常的(de)(de)(de)(de)、設(she)備調試(shi)期(qi)(qi)(qi)間(jian)(jian)(jian)設(she)計產(chan)(chan)(chan)(chan)(chan)(chan)能無(wu)法(fa)釋放是(shi)正常的(de)(de)(de)(de)”，同(tong)(tong)時(shi)投(tou)資也(ye)提高(gao)(gao)了行(xing)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)進(jin)入門檻。 五、公(gong)(gong)司(si)(si)(si)投(tou)資強(qiang)度還(huan)與業(ye)(ye)(ye)(ye)(ye)(ye)(ye)務規(gui)模有(you)關，公(gong)(gong)司(si)(si)(si)在主業(ye)(ye)(ye)(ye)(ye)(ye)(ye)未(wei)變化(hua)(hua)的(de)(de)(de)(de)前(qian)提下，營收規(gui)模是(shi)上(shang)(shang)(shang)(shang)市前(qian)一(yi)年(nian)(nian)（2006年(nian)(nian)）約40倍，同(tong)(tong)時(shi)保持上(shang)(shang)(shang)(shang)市以后年(nian)(nian)營收復合增長(chang)(chang)(chang)率24%。 基(ji)于(yu)以上(shang)(shang)(shang)(shang)原(yuan)因，我們認為(wei)(wei)新(xin)(xin)增投(tou)資相比(bi)公(gong)(gong)司(si)(si)(si)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)務規(gui)模處(chu)于(yu)合理(li)(li)范(fan)圍(wei)內，是(shi)維持企業(ye)(ye)(ye)(ye)(ye)(ye)(ye)長(chang)(chang)(chang)期(qi)(qi)(qi)持續(xu)發(fa)展(zhan)(zhan)必須(xu)經(jing)歷的(de)(de)(de)(de)過程。 六、公(gong)(gong)司(si)(si)(si)在上(shang)(shang)(shang)(shang)海(hai)松江工業(ye)(ye)(ye)(ye)(ye)(ye)(ye)園區(qu)(qu)建設(she)先(xian)進(jin)制造基(ji)地，期(qi)(qi)(qi)望(wang)圍(wei)繞長(chang)(chang)(chang)三角地區(qu)(qu)汽車電(dian)(dian)子(zi)(zi)、精(jing)(jing)(jing)密(mi)陶(tao)瓷、5G及(ji)(ji)5.5G通訊、物聯網等(deng)先(xian)進(jin)制造領(ling)(ling)域，布局產(chan)(chan)(chan)(chan)(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)(ye)新(xin)(xin)高(gao)(gao)地。上(shang)(shang)(shang)(shang)海(hai)工業(ye)(ye)(ye)(ye)(ye)(ye)(ye)園區(qu)(qu)已于(yu)2023年(nian)(nian)建設(she)完成(cheng)，并規(gui)劃陸續(xu)投(tou)入使用。 感(gan)(gan)(gan)謝(xie)您的(de)(de)(de)(de)支持與關注(zhu)！

(記者 蔡鼎)

免責聲(sheng)明：本文內容與數據僅供參考，不構成投資建議，使用前核(he)實(shi)。據此操作，風(feng)險自擔。