Group 1 - The company is actively engaged in the research and development of 6G technology, aligning with customer demands and market trends [2] - Some of the company's 6G products are currently in the sample stage, indicating progress in their development [2] - The company plans to continue deepening collaboration with customers to advance its R&D efforts in the 6G field [2]

Core Viewpoint - The company is experiencing high depreciation costs due to the recent completion of its Zhuhai factories and headquarters, which is impacting its financial performance during the initial ramp-up phase of production [1] Group 1: Financial Performance - The high depreciation expenses are primarily attributed to the recent transition of the Zhuhai Factory 2, Factory 3, and headquarters to fixed assets [1] - The company is currently in a rapid production ramp-up phase, which has not yet fully translated into revenue contributions [1] Group 2: Strategic Measures - The company is implementing several measures to enhance revenue scale and production efficiency, including accelerating the release of high-end production capacity, such as high-layer boards for servers [1] - The optimization of order structure aims to increase the proportion of high value-added products, with the current share of high-end boards exceeding 60% [1]

Core Viewpoint - The company has made significant progress in the research and development of 112G high-speed boards, with products now certified and entering mass production [1] Group 1 - The company has a clear technology development path, advancing 112G technology while simultaneously researching and developing more advanced 224G high-speed product technologies [1]

Core Viewpoint - The company has made substantial progress in the research and development of 112G high-speed boards, with products certified and entering mass production [1] Group 1: R&D Progress - The company has achieved significant advancements in the R&D of 112G high-speed boards, which have completed certification and are now in the mass import phase [1] - The technology development path of the company is clear, as it is advancing 112G technology while simultaneously laying out and actively researching 224G and other cutting-edge high-speed product technologies [1] Group 2: Focus Areas - The company's R&D investments are primarily focused on high-layer boards, advanced HDI, and IC substrates in high-end fields [1] - The technological achievements have been recognized as "domestically leading" and are being applied in key production bases such as the Zhuhai No. 2 factory [1]

Core Viewpoint - The company is actively delivering high-layer printed circuit boards (PCBs) based on customer demand, with a focus on products ranging from 28 to 40 layers, while 70-layer boards are still in the sample stage [1]. Group 1: Product Development - The high-layer boards are primarily used in communication equipment, servers, and aerospace applications [1]. - The company is advancing the technical development of high-speed products, specifically 112G and 224G [1]. - The technology achievements related to server high-layer PCBs have been recognized as "domestically leading" [1]. Group 2: Production and Application - Relevant research and development outcomes have been implemented in key production bases, such as the Zhuhai No. 2 factory [1]. - The company has disclosed specific technical parameters in its regular reports [1].

Core Viewpoint - The company emphasizes shareholder returns and aligns management compensation with operational performance, while implementing measures to improve performance amidst challenges [2] Group 1: Company Strategy - The company is optimizing its order structure to enhance performance [2] - It is accelerating the release of high-end production capacity [2] - The company is strengthening cost control measures [2] Group 2: Compensation and Performance - The compensation system will be continuously optimized based on operational realities and industry practices [2] - The company aims to ensure that incentives are aligned with performance to enhance overall company value [2]

Core Viewpoint - The company, Chongda Technology, reported significant growth in revenue and net profit for the first three quarters of 2025, indicating a positive performance trend [2]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 5.593 billion yuan, representing a year-on-year increase of 20.27% [2]. - The net profit attributable to shareholders reached 314 million yuan, reflecting a year-on-year growth of 19.58% [2]. - In the third quarter of 2025 alone, the company reported a net profit of 92 million yuan, which is a remarkable year-on-year increase of 252.87% [2]. Market Strategy - The company's core strategy for market value management includes driving performance recovery and enhancing communication with investors [2]. - The company is also exploring ways to optimize its dividend policy to ensure that its value is recognized in the market [2].

Core Viewpoint - Chongda Technology (002815.SZ) is actively delivering high-layer products based on customer demand, focusing on multilayer boards with 28-40 layers, while 70-layer boards are still in the sample stage, primarily used in communication equipment, servers, and aerospace sectors [1] Group 1: Product Development - The company is advancing the technical development of high-speed products such as 112G and 224G multilayer boards [1] - The technology achievements related to server multilayer printed circuit boards have been recognized as "domestically leading" [1] Group 2: Production and Application - Relevant research and development results have been deployed and applied in key production bases, including the Zhuhai No. 2 factory [1]

Core Viewpoint - The company has established a presence in the AI data center power supply sector and is actively expanding its market reach in this area [1]. Group 1 - The company has already laid out plans in the AI data center power supply field and is supplying PCB products in bulk to leading power clients in the industry [1]. - The company possesses advanced technical capabilities in the AI server PCB domain, making it a strategic focus for market expansion [1]. - The development of key clients in AI computing power is progressing smoothly as per the company's plans [1].

Group 1 - The company Chongda Technology has successfully commercialized its buried resistor and capacitor boards, which are now applied in communication equipment, industrial control, and medical instruments [2] - The company's subsidiary, Punowei, focuses on the research and production of IC substrates and embedded device packaging boards, possessing core technologies such as planar buried resistors and capacitors, as well as three-dimensional embedded devices [2] - The products of Punowei are widely used in consumer electronics, automotive electronics, and communications sectors [2]