Group 1 - The core viewpoint of the article is that the trend of intelligence is seen as a significant phase in the evolution of the electric vehicle industry, which will positively impact component products due to changing customer application demands [2] Group 2 - The company, Shunluo Electronics, responded to investor inquiries on its interactive platform, emphasizing the benefits that component products will gain from the evolving needs in the electric vehicle sector [2]

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: Company Performance - The company has established a customer base that includes leading domestic server manufacturers and top power semiconductor module manufacturers [1] - Orders related to AI servers are robust, indicating a strong demand for the company's offerings [1] - The relevant business segment is expected to continue its rapid growth trajectory [1]

Core Viewpoint - The global passive component market is entering a new upcycle driven by price increases announced by leading companies since 2025, primarily due to rising upstream metal raw material prices and increased labor/power costs, with inflation being a dominant factor [1] Price Increase Situation - Major companies such as Yageo, Walsin, Panasonic, Fenghua, and Sunlord have announced price hikes, with Yageo starting from the second half of 2025, increasing prices for various capacitor and resistor products by 10%-30% [2] - Panasonic has notified dealers of price increases for 30-40 models of tantalum capacitors by 15%-30%, effective February 1, 2026 [2] - Fenghua announced price increases for inductor products by 5%-25% and for various capacitor products by 10%-30% starting November 2025 [2] - Walsin plans to adjust prices for resistor products due to rising costs, effective February 1, 2026 [2] Supply Side - The continuous rise in upstream metal raw material prices, including silver, palladium, ruthenium, tin, and copper, is a major driver of the price increases in passive components [4] - The production costs have significantly increased due to the rise in metal prices, which is being passed down through the supply chain [4] - The operating rates of major manufacturers have remained high since 2025, with a trend of further improvement [4] Demand Side - Demand from emerging sectors such as AI servers, new energy vehicles, and industrial control is strong, which may lead to a longer upcycle for the passive component industry compared to previous cycles [5] - For instance, each AI server is equipped with approximately 15,000 to 25,000 MLCCs, with the market for MLCCs in AI servers expected to grow at an annual rate of 30%, reaching 3.3 times the 2025 level by 2030 [5] Target Companies - Companies to watch include SanHuan Group, Sunlord Electronics, JiangHai Co., and Fala Electronics [6] - Beneficiary companies include Fenghua, Placo New Materials, Jiemai Technology, and Maijie Technology [6]

目前公司各类钽电容产品，已为客户配套供应产品线，客户认可度高，市场及客户层面进展持续推动 中。 格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，公司布局钽电容产品多年，不断 投入研发力量，通过材料、工艺、制造方面深厚的积累，已经开发出全新工艺的新型结构钽电容产品， 可以广泛应用于高端消费电子、AI数据中心、企业级ESSD、汽车电子、工业控制等领域。 公司长期致力于新材料、新技术研究和新产品开发,在满足全球高端电子制造企业严苛的品质需求以及 建立安全供应链的基础上,通过持续创新满足全球高端电子制造企业的发展需要,开拓市场应用领域,为公 司稳健增速发展奠定坚实的基础。远期对该板块业务的目标是成为行业头部供应商。 ...

格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，物联网(IOT)、能源市场(SOFC、 新能源汽车电子、光伏、储能应用)及数据中心等新兴领域，是公司未来持续发展的基础，也是目前公 司聚焦的业务，公司在新兴市场应用领域的推广力度正逐步加大，目前进展顺利，产品推广及市场推进 持续进行中。公司在IoT业务上有着较快的发展速度，目前客户情况拓展顺利。 ...

客户已覆盖国内头部服务器厂商及各头部功率半导体模块厂商，公司AI服务器相关的订单饱满，相关 业务将继续保持快速增长。 格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，公司基于对材料、设备、设计、 制造工艺的能力，把握住产业机会，为各类AI服务器类客户提供一站式元器件解决方案。 ...

Core Viewpoint - The company has developed a new type of tantalum capacitor product with innovative processes, aimed at high-end consumer electronics, AI data centers, enterprise-level ESSD, automotive electronics, and industrial control sectors [1] Group 1: Product Development and Innovation - The company has invested in research and development of tantalum capacitor products for many years, leading to significant advancements in materials, processes, and manufacturing [1] - The new tantalum capacitor products are designed to meet the stringent quality requirements of global high-end electronic manufacturers [1] Group 2: Market Position and Strategy - The company aims to become a leading supplier in the tantalum capacitor industry in the long term [1] - The company has established a solid foundation for steady growth by continuously innovating and expanding its market application areas [1] Group 3: Customer Engagement and Recognition - The company has successfully supplied various tantalum capacitor products to its clients, achieving high customer recognition and ongoing market progress [1]

格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，物联网(IOT)、能源市场(SOFC、 新能源汽车电子、光伏、储能应用)及数据中心等新兴领域，是公司未来持续发展的基础，也是目前公 司聚焦的业务，公司在新兴市场应用领域的推广力度正逐步加大，目前进展顺利，产品推广及市场推进 持续进行中。公司在IoT业务上有着较快的发展速度，目前客户情况拓展顺利。 ...

每经AI快讯，1月26日，顺络电子在投资者关系活动中表示，汽车电子业务是公司战略发展的重要领域 之一，其汽车电子产品已实现新能源汽车三电系统等电动化场景全面覆盖，并延伸至智能驾驶、智能座 舱等智能化应用场景；随着新能源汽车产业由电动化转向智能化，感知层、决策层和执行层相关模块 （如雷达、摄像头、域控制器等）的新需求将带动公司车规级产品需求快速提升，支撑车规业务线的第 二增长极。 ...

如果说新能源汽车产业发展的上半程是电动化，那下半程将是智能化的应用场景普及，电动化大量提升 了整车中的电子元件和模组模块的应用数量，而智能驾驶对于感知层、决策层和执行层的模块(雷达、 摄像头、域控制器等模块)提出了新需求，这将带动公司相关产品需求快速提升，支撑公司车规业务线 的第二增长极。 格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，汽车电子业务是公司战略发展的 重要业务领域之一。通过不断深入探索产品组合，公司汽车电子产品已实现三电系统等电动化场景全面 覆盖，并延伸至智能驾驶、智能座舱等全方位智能化应用场景覆盖。 ...