Core Viewpoint - Chongda Technology (002815) has announced its collaboration with domestic GPU manufacturers, including Baidu, to deliver PCB products for the server sector in bulk [1] Company Summary - Chongda Technology is actively engaging in partnerships with domestic GPU manufacturers to enhance its product offerings in the server market [1]

Group 1 - The company Chongda Technology (002815.SZ) is currently in the small batch delivery phase for its 800G optical module PCB [1] - Due to a commercial confidentiality agreement, the specific names of cooperating customers cannot be disclosed [1]

Group 1 - The core viewpoint of the article highlights that Chongda Technology (002815.SZ) is enhancing its global supply network through its factory in Thailand, which primarily serves overseas clients in the communication and server sectors [1] - The establishment of the Thailand factory aims to better respond to changes in the international trade environment and meet the demands of overseas customers [1]

格隆汇9月17日丨崇达技术(002815.SZ)在投资者互动平台表示，公司服务器相关PCB产品目前主要供给 国内客户，如中兴、新华三（H3C）、浪潮、宝德等，产品应用于服务器主板、存储设备及GPU等领 域。 ...

Core Viewpoint - Chongda Technology (002815.SZ) has expanded its high multilayer PCB production capacity by 60,000 square meters per month at its Zhuhai Second Factory this year, with the Zhuhai Third Factory's infrastructure completed and set to commence production at an appropriate time [1] Group 1 - The overall production capacity utilization rate is approximately 85% [1] - The company is actively optimizing its order structure and enhancing cost control [1] - The construction of the Thailand factory is underway to improve competitiveness [1]

Group 1 - The core viewpoint of the article is that Chongda Technology (002815.SZ) maintains a strong partnership with Inspur, a significant customer in the server market [1] - The company provides server motherboards and other PCB products to Inspur, indicating a solid business relationship [1]

Group 1 - The core point of the article is that Chongda Technology announced the mandatory redemption of its convertible bond "Chongda Zhuang 2" if not converted by September 16, 2025 [2] - After the redemption, "Chongda Zhuang 2" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen, to avoid being forced to redeem them [2]

Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of CNY 3.533 billion, representing a year-on-year growth of 20.73% [2] - The net profit attributable to shareholders for the same period was CNY 222 million, a decline of 6.19% year-on-year, primarily due to a decrease in gross profit margin [2] - The gross profit margin for the first half of 2025 was 21.51%, down by 3.57 percentage points compared to the previous year, largely due to rising raw material prices, particularly gold salts, which increased by 36.57% year-on-year [2][3] Group 2: Strategic Measures for Profitability Improvement - The company is focusing on high-value customers and orders, optimizing the sales structure by eliminating loss-making orders and enhancing collaboration with key clients for new product development [3] - Strengthening the sales team by recruiting experienced professionals and implementing a performance evaluation system that includes high-value customer development metrics [3] - Enhancing cost management through standardized cost control measures and improving material utilization to lower unit product costs [3][7] Group 3: Capacity Expansion and Utilization - The current overall capacity utilization rate is approximately 85% [8] - The company is accelerating capacity expansion at its Zhuhai plants to meet increasing market demand, with plans for a new high-density interconnect (HDI) factory [8] - Ongoing construction of a factory in Thailand aims to establish a more comprehensive overseas production network [8] Group 4: Response to Raw Material Cost Increases - The company is implementing detailed cost control measures to manage rising raw material costs, including dynamic monitoring of costs and optimizing production processes [7] - Structural price adjustments are being made for certain products based on market demand and customer acceptance [7] Group 5: Market Diversification and Risk Management - Currently, approximately 10% of the company's revenue comes from the U.S. market [11] - The company is diversifying its market strategy to reduce reliance on the U.S. market, with domestic sales now exceeding 50% of total revenue [12] - Strategies include optimizing customer cooperation terms and accelerating the establishment of overseas production bases to mitigate the impact of U.S. tariffs [12] Group 6: Subsidiary Performance - The subsidiary San De Guan is facing challenges in the flexible printed circuit board (FPC) sector, with a projected industry growth of 3.6% in 2025, but still under pressure from low profit margins [9] - The subsidiary Puno Wei has successfully launched a production line for advanced packaging substrates, focusing on high-end applications and showing signs of improving profitability [10]

Group 1 - Dayong Co. received approval from the China Securities Regulatory Commission on September 15 to issue stocks to specific investors [1] - Huahong Technology announced that after the market closes on September 16, the unconverted "Huahong Convertible Bonds" will stop conversion, and the remaining convertible bonds will be forcibly redeemed at a price of 100.79 yuan per bond, potentially leading to losses for investors [1] - Chongda Technology indicated that September 16 is the last conversion day for "Chongda Convertible Bonds 2," and after market close, unconverted bonds will stop conversion and be forcibly redeemed [1]

Group 1 - Rifa Co., Ltd. has received approval from the China Securities Regulatory Commission for its application to issue shares to specific targets [1] - Huahong Technology is approaching the deadline for the conversion of "Huahong Convertible Bonds," with only half a trading day left until September 16, 2025, after which unconverted bonds will be forcibly redeemed at a price of 100.79 yuan per bond [1] - Chongda Technology's "Chongda Convertible Bond 2" will also stop conversion after the market closes on September 16, 2025, and investors may face significant losses if they do not convert in time [1]