According to an announcement regarding abnormal fluctuations in its stock trading, Ningbo Kangqiang Electronics Co.,Ltd. (002119.SZ) stated that the company is a high-tech enterprise specializing in the development, production, and sales of various semiconductor packaging materials such as lead frames and bonding wires.

The company's main business is the manufacturing and sales of semiconductor packaging materials including lead frames and bonding wires. The primary materials required for the production of its main products are metal raw materials such as gold, copper, silver, and zinc. Raw material costs have a significant impact on the company's operating revenue, and future adjustments in raw material prices will exert pressure on the company's operating revenue and net profit.