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with the development of new generation information technologies such as artificial intelligence and big data, the demand for servers and data centers will show a high growth trend. in addition, emerging smart electronic consumer products are expected to drive the continued expansion of the pcb market. leading companies represented by jiali chuang, which have mature one-stop service capabilities, complete high-end product lines, and solid production and manufacturing capabilities, may benefit first and continue to gain market advantages.

according to public information, jialichuang has implemented a "double-cut strategy" in recent years, which is mainly divided into two aspects: "everything" refers to entering the multi-layer board business, by providing free 4-layer board via plugging oil service, and using the "plate hole + immersion gold" dual high-end process in its 6 to 32-layer high-layer boards, winning market reputation; "two cuts" refers to the expansion from providing samples and small batch orders to large batch orders, and introducing a floating pricing mechanism for medium and large batch orders. through the implementation of this strategy, jialichuang not only improved its capacity utilization, but also achieved sustained growth in multi-layer board revenue.

the prospectus shows that in 2023, the output of jiali chuang's multilayer boards increased by 36.23% compared with 2022, and sales revenue increased by 38.72% year-on-year. the growth of multilayer board revenue accounted for 46.86% of the growth of total pcb revenue, becoming one of the key factors driving the growth of pcb business. this achievement shows that the effectiveness of the "double-cut strategy" in the market has been fully verified.