证券日报网1月15日讯，鹏鼎控股（002938）在接受调研者提问时表示，面对科技创新的快速迭代和产 业变革，公司始终坚持以研发驱动发展，持续加大技术投入。2024年，公司研发投入达到23.24亿元人 民币，占营业收入比例为6.61%；2025年上半年，公司研发投入达10.72亿元，占营业收入比例为 6.55%。公司以"满足客户需求、超越客户期望、引领行业技术"为研发核心目标，不断优化技术平台布 局，聚焦关键技术突破和创新能力提升。通过与客户深度协作及联合开发，为客户量身打造多元化解决 方案，并以严格的产品验证体系为依托，加速推动研发成果的市场化落地，全面抢占技术制高点。目前 公司已构建覆盖AI手机、AIPC、AI眼镜等AI端侧消费品的全场景产品矩阵，并已成为全球AI端侧产品 供应链中不可或缺的力量。同时，公司积极利用ONEAVARY产品平台，加快了在AI服务器、光模块、 交换机、人形机器人、新能源汽车等领域的全链条布局，全面推动AI产业的纵深发展。 ...

证券日报网1月15日讯，鹏鼎控股（002938）在接受调研者提问时表示，AI眼镜和人形机器人是公司非 常看好的极具增长潜力的产品。目前公司是市场主流AI眼镜客户主要供应商，因AI眼镜对轻量化及时 尚性要求比较高，从轻量化和时尚化的角度来看，AI眼镜的普及将显著提升对高端PCB产品的需求。在 人形机器人领域，公司与头部客户就PCB产品的应用场景与产品开发展开了深入合作，目前电路板相关 产品已有供货。 ...

证券日报网1月15日讯 ，鹏鼎控股在接受调研者提问时表示，公司将数字化转型作为企业发展的重要战 略，目前公司深圳工厂持续达到智能制造能力成熟度模型四级标准。与此同时，公司各厂区以分阶段、 分层次的科学策略导入智能管理，截至目前，已有多座新厂成功融入智能管理体系，同时旧厂也逐步进 行智能化升级改造。在导入智能管理后，产品的良品率和生产效率都得到了提升，不仅在公司的降本增 效、提升产品品质上取得初步成果，也让公司的运营管理更加科学高效。 （编辑 丛可心） ...

Group 1 - The company has established a comprehensive product matrix covering AI mobile phones, AI PCs, and AI glasses, while actively expanding into humanoid robots and computing power markets, showcasing strong technological foresight and industry chain integration capabilities [1] - In the AI glasses sector, the company has become a major supplier for mainstream AI glasses clients, with increasing demand for high-end HDI and rigid-flex PCB products due to the trend towards lightweight and fashionable designs [3] - The company is focusing on humanoid robots as a high-growth area, collaborating with leading industry clients on PCB applications in critical areas such as joint control, sensing systems, and main control modules, while ensuring high reliability and performance of PCBs [3] Group 2 - The company's layout in computing power infrastructure is entering a harvest phase, with expectations for 2025 to be the "year of direct customer orders" for computing power, driven by the release of production capacity and order fulfillment [4] - The company is promoting its "ONE AVARY" integrated product platform strategy, which aims to provide a full-chain service from design to mass production through standardized and modular product design and manufacturing processes [4]

（记者 曾健辉） 每经AI快讯，鹏鼎控股发布公告称，2026年1月13日，鹏鼎控股接受中国财富网等投资者调研，公司副 总&董秘周红，公司投关团队参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——不到20万元，就能买特斯拉了？"廉价版"Model 3或进入中国市场，续航里 程480公里！关于自动驾驶，美国市场也有大调整 ...

【鹏鼎控股：预计今年会是算力直接客户订单导入元年 相关业务将成为重要增长引擎】智通财经1月15 日电，鹏鼎控股(002938.SZ)接受特定对象调研，公司是市场主流AI眼镜的主要供应商，AI眼镜的普及 将提升高端PCB产品需求。在人形机器人领域，公司与头部客户就PCB产品的应用场景与产品开发展开 了深入合作，目前电路板相关产品已有供货。在算力领域，客户整体认证进度比较顺利，预计今年会是 算力直接客户订单导入元年，未来随着产能释放及订单陆续落地，相关业务将成为公司重要增长引擎。 目前公司已构建覆盖AI手机、AIPC、AI眼镜等AI端侧消费品的全场景产品矩阵，并已成为全球AI端侧 产品供应链中不可或缺的力量。同时，公司积极利用ONEAVARY产品平台，加快了在AI服务器、光模 块、交换机、人形机器人、新能源汽车等领域的全链条布局，全面推动AI产业的纵深发展。 转自：智通财经 ...

21智讯1月15日电，鹏鼎控股在投资者关系活动中表示，公司近年来持续加强海外产能布局，已在高 雄、泰国、印度等地设立生产基地。其中，泰国园区一期主要扩充汽车和服务器相关产品产能，目前处 于小批量投产及良率爬坡阶段；高雄园区定位高端软板产品，已实现小批量投产；印度园区则主要从事 模组组装业务。 ...

Group 1: AI Products and Market Position - The company is a major supplier of AI glasses, which are expected to significantly increase the demand for high-end PCB products due to their lightweight and fashionable requirements [2] - In the humanoid robot sector, the company has established deep collaborations with leading clients regarding PCB applications and product development [3] - The overall certification progress for computing power clients is smooth, with expectations for a significant increase in direct client orders in 2026 [3] Group 2: Overseas Production Capacity - The company has expanded its overseas production capacity with facilities in Kaohsiung, Thailand, and India, focusing on automotive and server-related products [3] - The Thailand facility is currently in the small-batch production phase, while the Kaohsiung site is aimed at high-precision softboard products for consumer electronics [3] Group 3: Competitive Advantages - The company has a strong management capability, robust R&D strength, and quick order response ability, ensuring timely delivery of quality products [3] - It is actively engaging in product development and technology layout with international brand clients over the next 1-2 years, focusing on new materials, processes, and smart manufacturing [3] Group 4: R&D Investment and Strategy - In 2024, the company's R&D investment is projected to reach 2.324 billion RMB, accounting for 6.61% of revenue; in the first half of 2025, it reached 1.072 billion RMB, or 6.55% of revenue [4] - The company aims to meet customer needs and lead industry technology through continuous optimization of its technology platform and collaboration with clients [4] Group 5: Digital Transformation - The company is advancing its digital transformation strategy, achieving a maturity level four in smart manufacturing capabilities at its Shenzhen factory [4] - Several new factories have successfully integrated into the smart management system, improving product yield and production efficiency [4]

Market Overview - The component sector increased by 1.83% on January 14, with Benchuan Intelligent leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Top Gainers in the Component Sector - Benchuan Intelligent (300964) closed at 67.20, up 16.87% with a trading volume of 137,700 shares and a transaction value of 875 million [1] - Huadian Co., Ltd. (002463) closed at 73.62, up 6.02% with a trading volume of 1,231,800 shares [1] - Fangbang Co., Ltd. (688020) closed at 90.00, up 6.01% with a trading volume of 52,500 shares [1] - Other notable gainers include Zhongying Technology (300936) up 5.27%, Shengyi Electronics (688183) up 4.97%, and Pengding Holdings (002938) up 4.94% [1] Top Losers in the Component Sector - Gaohua Technology (688539) closed at 48.91, down 4.06% with a trading volume of 109,800 shares [2] - Shengye Electric (920128) closed at 30.20, down 3.02% with a trading volume of 30,900 shares [2] - Huazheng New Materials (603186) closed at 54.40, down 2.84% with a trading volume of 112,200 shares [2] Capital Flow Analysis - The component sector saw a net inflow of 1.127 billion in main funds, while speculative funds experienced a net outflow of 1.223 billion [2] - Retail investors contributed a net inflow of 96.1 million [2] Detailed Capital Flow for Selected Stocks - Huadian Co., Ltd. (002463) had a main fund net inflow of 1.309 billion, with speculative funds showing a net outflow of 682 million [3] - Shengyi Technology (600183) reported a main fund net inflow of 127 million, while speculative funds had a net outflow of 93.11 million [3] - Other stocks like Zhongying Technology (300936) and Pengding Holdings (002938) also showed varying levels of net inflows and outflows in main and speculative funds [3]

Investment Rating - The report maintains a "Buy" rating for key companies in the domestic computing power industry, including Cambrian (688256) and SMIC (0981.HK) [7][12]. Core Insights - The report emphasizes the certainty of investment opportunities in the domestic computing power sector, driven by the upcoming release of the new generation of computing power chips, represented by H Company’s 950 series, which will enter mass production in the first quarter [5][6]. - The domestic computing power industry is expected to see significant growth, with ByteDance projected to invest 150 billion in global computing power procurement in 2026, of which 60-65 billion is expected to be allocated domestically, with over 40 billion for domestic computing power [6]. - The report suggests that the impact of the H200 release on the domestic computing power industry will be limited, as the primary application scenarios differ from those of domestic solutions [6]. Summary by Sections Supply Side - The domestic computing power sector has faced challenges due to U.S. restrictions on advanced semiconductor processes and key materials. However, breakthroughs are anticipated starting in the second half of 2025, with improved collaboration between chip design companies and foundries expected to enhance production yields by 2026 [5][6]. - The report highlights the optimization of the supply chain and the collaboration between hardware and software, which has significantly improved the usability of domestic computing power in AI inference scenarios [5]. Demand Side - The demand for computing power in 2026 is becoming clearer, with major internet companies like Alibaba and Tencent also planning significant investments in domestic computing power [6]. - The report notes that the three major telecom operators are expected to increase their procurement of domestic computing power to meet the growing demand from AI applications [6]. Key Companies to Watch - The report recommends focusing on Cambrian (688256) as a representative of domestic computing power card suppliers and SMIC (0981.HK) as a leading foundry. Additionally, attention is drawn to Huahong Semiconductor (1347.HK) for its advancements in advanced processes [7]. - The report also suggests monitoring companies related to domestic IC substrates due to supply bottlenecks caused by shortages of upstream materials, recommending companies like Shenzhen South Circuit (002916) and Pengding Holdings (002938) [7]. Overseas Computing Power Industry - The report observes a shift in the driving force of AI computing power from training large models to deploying inference applications, with companies like Google leading advancements in model capabilities [8][9]. - The report anticipates continued high growth in AI application-driven computing power demand, with major companies expected to double their computing power every six months over the next few years [10].