Core Viewpoint - Shunluo Electronics has achieved mass production and shipment of various AI inductor products using multiple processes, positioning itself at the forefront of the industry amid the TLVR structure iteration trend in AI inductors [1] Group 1: Business Performance - The company has received recognition from several leading power semiconductor clients and end cloud factory customers [1] - In the first three quarters of 2025, Shunluo Electronics experienced rapid business growth [1] - The company is expected to enter an accelerated development phase in the coming years [1] Group 2: Product Offering - Shunluo Electronics has developed a one-stop solution for AI server clients, including AI inductors, tantalum capacitors, and various magnetic component products [1]

Core Viewpoint - The company indicates that its product prices are generally stable and aligned with market conditions, suggesting no significant impact on fourth-quarter profits from recent price increases [2]. Group 1: Company Performance - The company responded to investor inquiries about whether recent price increases would enhance fourth-quarter performance, stating that its product pricing is typically market-driven [2]. - The company highlighted that its core products benefit from superior performance and a stable competitive landscape, contributing to a relatively stable pricing structure [2]. Group 2: Industry Context - The overall industry competition is described as stable, which supports the company's pricing strategy and performance [2].

Core Viewpoint - The company, Shunluo Electronics, is experiencing new demand opportunities for its products due to the rapid growth in the storage product market [1] Group 1: Company Overview - Shunluo Electronics specializes in power management, voltage conversion, and power failure protection for storage products [1] - The company offers a range of products including various inductors and tantalum capacitors [1] Group 2: Industry Trends - The demand for storage products is increasing rapidly, leading to new opportunities for the company's supporting products [1]

Core Viewpoint - The company has launched inductor and tantalum capacitor product solutions that meet the high performance, high reliability, and lower cost requirements of storage clients, indicating a strategic response to market demands [1] Group 1 - The recent price increase and demand changes in the storage product industry present both opportunities and challenges for the company [1] - The company is closely monitoring market changes to adapt to the evolving landscape [1]

Core Viewpoint - Shunluo Electronics (002138) has introduced inductor and tantalum capacitor product solutions that meet the high-performance, high-reliability, and lower-cost requirements of storage clients, indicating a strategic response to market demands [1] Group 1 - The recent price increase and demand changes in the storage product industry present both opportunities and challenges for the company [1] - The company is closely monitoring market changes to adapt to the evolving landscape [1]

Core Viewpoint - The company, Sunlord Electronics, is strategically positioning itself in the emerging AI data center market by leveraging its advantages in miniaturization, high precision, and high power density technology [1] Group 1: Business Strategy - The company is focusing on providing a comprehensive product solution for AI servers, covering primary, secondary, and tertiary power supplies, including various xPU chips, network cards, memory, and SSD peripherals [1] - The company aims to capitalize on industry opportunities through its capabilities in materials, equipment, design, and manufacturing processes [1] Group 2: Market Position and Growth - The customer base includes leading domestic server manufacturers and top overseas power semiconductor module manufacturers [1] - The company reports a full order book for its AI server-related products, with rapid growth in this business segment, particularly in overseas markets [1]

（编辑 袁冠琳） 证券日报网讯 顺络电子11月13日发布公告，在公司回答调研者提问时表示，公司产品属于电子元器 件，成立以来一直专注于主业发展，目前公司电感产品技术水平与全球知名电子元器件厂商技术水平比 肩，产品拥有核心竞争力，且公司拥有全球领先的大客户群体，聚焦大客户战略，涵盖了全球主要相关 行业的标杆企业，与客户建立的是长期合作关系。公司电子元器件产品价格一般随行就市，就公司各类 核心产品来讲，依托于产品性能优异的竞争力和整体稳定的行业竞争格局，整体来看，价格体系呈现一 个相对稳定的状态。 ...

Core Viewpoint - The company is strategically positioning itself in the emerging market of AI data centers, leveraging its technology advantages to provide comprehensive product solutions [1] Group 1: Business Strategy - The company focuses on small size, high precision, and high power density technology to offer a complete range of products from primary to tertiary power solutions [1] - The company has established coverage with leading domestic server manufacturers and top overseas power semiconductor module manufacturers [1] Group 2: Market Performance - Orders related to AI servers are robust, indicating rapid business growth [1] - The growth rate of overseas business is particularly significant, highlighting the company's expanding international presence [1]

Group 1 - The company is leveraging its capabilities in materials, equipment, design, and manufacturing processes to provide a one-stop component solution for various AI server clients, with a strong order backlog and rapid growth in related business, particularly in overseas markets [2] - AI data centers are identified as a strategic emerging market for the company, which focuses on miniaturization, high precision, and high power density technology to supply a complete set of product solutions for server power supply architecture [2] - The company has entered the solid oxide fuel cell (SOFC) industry through its subsidiary, which collaborates with a partner to focus on the research, development, production, and sales of new high-temperature fuel cell technologies [2] Group 2 - The company maintains a long-term positive outlook on the new energy industry, emphasizing that the promotion of clean energy is essential for achieving carbon neutrality goals, and aims to contribute to the sustainable development of the domestic solid oxide battery industry [3] - The industry is still in its early stages, but the company reports smooth business progress and anticipates gradual contributions to sales revenue in the future [3]

Core Viewpoint - The company, Shunluo Electronics, is leveraging its capabilities in materials, equipment, design, and manufacturing processes to seize opportunities in the industry, providing a one-stop component solution for various AI server clients [1] Group 1: Business Performance - The company has a full order book related to AI servers, indicating strong demand and rapid growth in this segment [1] - The growth rate of the company's overseas business is faster compared to domestic operations, highlighting a significant expansion in international markets [1] Group 2: Client Base - The company's clients include leading domestic server manufacturers and top overseas power semiconductor module manufacturers, showcasing a robust and diverse customer portfolio [1]