Aohong Electronics said on Sept. 17 its Thailand production base remains in
product certification and small-volume production. Long customer certification
cycles, capacity ramp-up and local supply-chain adjustments mean the plant is
unlikely to have a material near-term impact on earnings. The company flagged
the PCB market is highly sensitive to macro industrial policy, upstream
raw-material supply and downstream demand, and that major external changes could
affect future revenue and profits. Aohong warned its share-price gains after
five consecutive limit-up sessions have significantly diverged from
fundamentals, citing overheating and irrational speculation and warning of risk
of a sizeable short-term correction.
