Shanghai Unitech Electronics (Nantong) Co Ltd, one of the largest domestic printed circuit board (PCB) manufacturers, is expecting its sales and profits this year to be higher than last year despite the ongoing impact of the coronavirus pandemic.

The company achieved taxable sales of 544 million yuan ($83.93 million). The figure is estimated to hit 1.4 billion yuan this year, according to a higher-up in the company.

The automatic production lines are running at full capacity to meet increased demand at the company's production base in the Nantong National High-tech Industrial Development Zone.

The base began construction as soon as the company began operating in the zone in 2014 and received an investment of $360 million. Its first-phase started operating last year, manufacturing PCBs applicable to products such as electric vehicles and smart wearable devices.

A company manager said their main business is in line with the development trajectory of the zone, which provides enormous support for the automobiles and parts, new-generation information technology, and intelligent equipment industries.

The zone has gathered a large number of companies, including Unitech Electronics. They are growing in clusters at a rapid but sustainable pace. The companies have scaled quickly by taking advantage of the favorable policies and benefits brought about by the prominent agglomeration effect.

The zone is confident that clusters focusing on the three leading industries can achieve a total output of 50 billion yuan in about three years.