Andeli has provided a response to the Shanghai Stock Exchange, shedding light on its acquisition target, Ningbo Yongqiang Technology. The company primarily produces ordinary and high-end copper-clad materials, which are used in the upper reaches of the PCB industry. Although its market share is less than 1%, Ningbo Yongqiang Technology has demonstrated research and development capabilities, as well as the ability to manufacture high-speed copper-clad products of M8 grade or higher. The company's M6-M9 materials have achieved industrialization and mass production, with annual revenues exceeding 1 million yuan. Additionally, its M10-grade materials are currently undergoing downstream verification. With an operating income of 224.0152 million yuan in 2025, the company's scale is relatively small compared to industry leaders
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