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Hongruixing (Hubei) Electronics Co., Ltd. (HOREXS Group, HRX), formerly known as Boluo Hongruixing Electronics Co., Ltd., focuses on memory chip packaging substrate business. The packaging substrate has been manufactured for more than 10 years and has a certain position in the domestic memory chip field; HOREXS Group will build a factory in 2020, mainly relying on the foundation of HOREXS for rapid expansion, and its products are mainly concentrated in the mid-to-high end. Packaging substrate manufacturing, products include packaging substrate manufacturing such as FCCSP, CSP, Sip, eMMC, FBGA, MEMS, Memory (BGA), etc. The substrate type is mainly based on BT rigid materials, which are widely used in consumer, automotive, aerospace , industrial and other chip packaging fields.

The global output value of packaging substrates in 2022 is estimated to be about 8.8 billion US dollars, of which the application areas with the fastest growth in packaging substrate shipments are memory modules, data modules, etc. According to the forecast of Huajing Intelligence Network, the output value of China's packaging substrates is expected to reach 41.24 billion yuan in 2025. With the rapid development and technological upgrading of the electronic information industry, the industry will show a steady upward trend. It is expected that the growth of the semiconductor industry in the future will be driven by fields such as memory chips and MEMS. This kind of demand will drive the demand for chips to grow exponentially, which will directly drive the shipments of chips, which in turn will drive the demand for IC substrates to grow.

The transfer of the semiconductor industry is an opportunity to promote the development of regional packaging substrates. With the transfer of the semiconductor industry to mainland China, it will promote the development of domestic IC packaging substrate manufacturers. The development and expansion of the IC packaging substrate market requires a long period of technology research and development and process running-in, but there is huge room for development in the future. It is believed that with the simultaneous improvement of materials, equipment and other technologies in the industrial chain, domestic manufacturers are expected to grow rapidly on this track and seize More markets bring a lot of investment opportunities.