Gelonghui, January 18 | Meiai Technology (688376.SH) disclosed an investor relations activity record table showing that in terms of domestic production capacity, the Nanjing Plant Phase II expansion project is part of the overall fund-raising project, mainly to resolve the shortcomings and bottlenecks of insufficient production capacity, and to prepare for performance growth in the next 1-2 years. The second phase of the production expansion project is expected to be put into production in the first quarter of 2024. It is expected that after full production, the production capacity will reach 1.5 times the current production capacity of the Nanjing plant, which can support the company's business growth demand from 2024 to 2025.

In terms of foreign production capacity, the company's current production capacity in Malaysia is approximately RMB 50 million. At the end of 2022, two new overseas plants were purchased, and production is expected to begin in the first quarter of 2024. After capacity expansion, overseas production capacity will increase to 200 million yuan. This increase in production capacity is mainly due to increasing overseas orders. Overseas orders mainly include the semiconductor industry, photovoltaic lithium battery and other new energy industries. In addition to this, part of the company's revenue comes from consumables replacement. As the number of the company's projects increases and productivity increases, the amount of consumables replaced is increasing, so the share of consumables revenue will gradually increase. This means that the company's stock consumables will continue to be recycled, and as the company continues to expand in the market, consumables replacement volume and revenue will continue to grow.