公司 2025 年 3 月合并营业收入为人民币 292,053 万元，较去年同期的合并 营业收入增加 29.73%。 特此公告。 鹏鼎控股（深圳）股份有限公司 证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-010 鹏鼎控股（深圳）股份有限公司 2025 年 3 月营业收入简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示：鹏鼎控股(深圳)股份有限公司(以下简称"本公司"或"公司") 之间接控股股东臻鼎科技控股股份有限公司（以下简称"臻鼎科技"）为台湾 地区上市公司，臻鼎科技需按照台湾证券交易所相关规定，披露每月营业收入 数据。为使 A 股投资者能够及时了解公司的经营情况，本公司亦同步在深圳证 券交易所指定的信息披露媒体上披露本公司营业收入。 本简报为初步核算数据，未经会计师事务所审计或审阅，最终数据以公司 定期报告为准，敬请投资者注意投资风险。 董 事 会 2025 年 4 月 8 日 ...

Core Viewpoint - The stock of Pengding Holdings experienced a limit down on April 3, indicating significant market pressure on the company [1]. Group 1: Company Overview - Pengding Holdings (Shenzhen) Co., Ltd. was established through the overall change of Fu Kui Precision Components (Shenzhen) Co., Ltd. [1]. - The company has seen interest from Xingsheng Global Fund, with two of its funds entering the top ten shareholders of Pengding Holdings, holding a combined stake of 0.59% [1]. Group 2: Fund Performance - Xingsheng Global Fund's "Xingquan Business Model Preferred Mixed" fund reported a year-to-date return of 0.86%, ranking 2855 out of 4331 in its category [1]. - The "Xingquan New Vision Open Mixed" fund achieved a year-to-date return of 0.99%, ranking 1042 out of 2213 in its category [1]. Group 3: Fund Manager Profile - The fund manager for both funds is Qiao Qian, who has been with Xingsheng Global Fund Management Co., Ltd. since July 2008, serving in various roles including research analyst and assistant fund manager [5][6]. - Qiao Qian has managed the "Xingquan Business Model Preferred Mixed" fund since July 10, 2018, achieving a return of 131.93% during her tenure [6].

Group 1 - The Tonghuashun Fruit Index concept fell by 6.26%, ranking among the top declines in the concept sector, with stocks like Dongshan Precision, GoerTek, and Pengding Holdings hitting the daily limit down [1][2] - Major outflows of capital from the Tonghuashun Fruit Index concept amounted to 5.13 billion yuan, with 18 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Luxshare Precision, with a net outflow of 1.11 billion yuan, followed by GoerTek, Changying Precision, and Dongshan Precision with net outflows of 1.05 billion yuan, 494 million yuan, and 460 million yuan respectively [2] Group 2 - The top gainers in the concept sector included the China-Korea Free Trade Zone, which rose by 5.66%, while the AI PC concept fell by 3.53% [2] - Among the stocks with significant capital inflows, Zhongshi Technology and Lante Optics saw net inflows of 51.18 million yuan and 22.30 million yuan respectively [2] - The performance of the A50 ETF, which tracks the MSCI China A50 Connect Index, showed a decline of 2.15% over the past five days, with a net outflow of 4.36 million yuan [4]

Summary of the Conference Call for Pengding Holdings Company Overview - **Industry**: PCB (Printed Circuit Board) manufacturing - **Key Clients**: Major clients include North American companies, domestic H clients, Microsoft, and HP. The company has been recognized as the largest PCB manufacturer globally for several consecutive years [3][4]. Core Insights and Arguments - **Global Market Position**: As the largest PCB manufacturer, the company has established production capacities in mainland China, Taiwan, Thailand, and India to optimize costs and efficiency [4]. - **Financial Performance**: Despite facing challenges in 2023 due to weak demand in consumer electronics, the company anticipates double-digit growth in revenue and profit by 2025 [4][6]. - **Market Trends**: The global PCB market experienced a decline in 2023 due to supply chain adjustments, but is expected to recover in the next five years, with China holding a 50% market share [4][7]. - **Product Structure**: Over 95% of the company's products are used in communications and consumer electronics, but the share of automotive and server boards is increasing [4][8]. - **AI Impact**: The acceleration of AI technology is expected to drive demand for AI smartphones and AI PCs, with projections indicating a 30% penetration rate for AI smartphones and 50% for AI PCs by 2025 [4][10]. Additional Important Points - **Production Capacity**: The company has a comprehensive global production layout, with specific facilities focusing on different product types, such as FPC in Huai'an and high-end rigid boards in Taiwan [5]. - **Stock Structure**: The company has a stable stock structure with no actual controller, and the largest shareholder is Meigang Industrial [6]. - **Smartphone Market Dynamics**: The global smartphone and PC markets are experiencing a slowdown, with smartphone shipments around 1.2 billion units and PC shipments at approximately 250 million units annually [9]. - **Wearable Products**: The market for wearable products is growing, with significant PCB usage in devices like AI glasses, which require around $10 worth of PCB per unit [13]. - **Automotive and Server Sector**: The company is actively expanding in the automotive and server sectors, particularly in electric vehicles and AI servers, with a $250 million investment in Thailand expected to boost revenue [14]. - **Profit Forecast**: The company projects profits of 3.6 billion, 4.5 billion, and 5.5 billion yuan for 2024, 2025, and 2026 respectively, with an average annual growth rate exceeding 20% [15]. This summary encapsulates the key points from the conference call, highlighting the company's strategic positioning, market dynamics, and future outlook in the PCB industry.

Investment Rating - The report assigns a "Buy" rating for Pengding Holdings (002938.SZ) as it is covered for the first time [1]. Core Insights - Pengding Holdings is a global leader in the PCB industry, with a comprehensive layout in consumer electronics, automotive, and server sectors [7]. - The global PCB market is expected to grow from $69.5 billion in 2023 to $90.4 billion by 2028, with a CAGR of approximately 5.4% [7][47]. - The trend towards edge AI is anticipated to drive both volume and price increases in the PCB segment, benefiting companies like Pengding Holdings [7]. - The company is actively expanding its capabilities in the automotive and server sectors, which are expected to provide a second growth curve [7]. Summary by Sections Company Overview - Pengding Holdings has been deeply involved in the PCB industry for many years, providing a one-stop service platform for various PCB products [9]. - The company ranks as the largest PCB manufacturer globally according to Prismark, with a diverse product range including FPC, SMA, SLP, HDI, Mini LED, RPCB, and Rigid Flex [16][17]. Market Data - As of March 24, 2025, the current stock price is 37.05 CNY, with a market capitalization of approximately 85.9 billion CNY [5]. - The stock has shown a 54.6% increase over the past 12 months, outperforming the CSI 300 index [6]. Industry Trends - The global PCB market is projected to reach $90.4 billion by 2028, driven by demand in consumer electronics, automotive, and server applications [47][56]. - The automotive PCB market is expected to grow from $9.15 billion in 2023 to $11.52 billion by 2028, with a CAGR of 4.7% [110]. Financial Projections - Revenue forecasts for Pengding Holdings are 35.14 billion CNY in 2024, 40.93 billion CNY in 2025, and 47.27 billion CNY in 2026, representing year-on-year growth rates of 9.6%, 16.5%, and 15.5% respectively [7]. - Net profit estimates for the same years are 3.62 billion CNY, 4.50 billion CNY, and 5.50 billion CNY, with growth rates of 10.2%, 24.3%, and 22.1% respectively [7]. Product and Client Base - The company serves a high-quality client base, including major players like Apple, Huawei, and Microsoft, with a significant portion of revenue derived from these relationships [17][108]. - The product structure is evolving, with increasing contributions from automotive and server applications, which are expected to rise from 0.9% in 2022 to 3.3% in the first half of 2024 [35]. R&D and Innovation - Pengding Holdings is increasing its R&D investment, with a focus on AI technologies and new product developments, reflected in a rising R&D expense ratio [40].

二、本次变更签字会计师的简历及诚信记录和独立性 证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-009 鹏鼎控股（深圳）股份有限公司 关于变更 2024 年度财务审计报告签字注册会计师的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 鹏鼎控股（深圳）股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日召开第三届董事会第八次会议，审议通过了《关于续聘 2024 年度会计师事务 所的议案》，公司拟续聘普华永道中天会计师事务所（特殊普通合伙）（以下简 称"普华永道中天"）为公司 2024 年度审计机构，本议案已经公司于 2024 年 4 月 24 日召开的 2023 年度股东大会审议通过。具体内容详见公司于 2024 年 3 月 30 日及 2024 年 4 月 25 日刊登在《证券时报》、《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）的鹏鼎控股《第三届董事会第八次会议决议公告》（公 告编号：2024-013）、《关于续聘会计师事务所的公告》（公告编号：2024-015） 及《2023 年年度股东大会决议公告》 ...

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [2][6][7] Core Views - The company's Q4 performance met market expectations, driven by increased sales from major clients and innovations in AI terminals, indicating a new growth cycle [6][7] - The company is expected to accelerate growth in Q1 2025, supported by new product launches and increased production capacity [6][7] - The company is actively expanding its presence in AI terminals, smart vehicles, and low-orbit satellites, which are anticipated to drive multiple growth opportunities [6][7] Financial Performance - In 2024, the company achieved a revenue of 35.14 billion, a year-on-year increase of 9.6%, and a net profit of 3.62 billion, up 10.1% year-on-year [6][7] - Q4 revenue was 11.65 billion, reflecting a 0.4% year-on-year increase and a 12.5% quarter-on-quarter increase, with a net profit of 1.65 billion, up 14.1% year-on-year [6][7] - The company forecasts revenues of 35.14 billion, 41.29 billion, and 47.49 billion for 2024, 2025, and 2026 respectively, with corresponding net profits of 3.62 billion, 4.46 billion, and 5.33 billion [6][7] Market Position and Strategy - The company is enhancing its technological capabilities and expanding high-end production capacity, particularly in AI-related products [6][7] - The report highlights the expected innovation cycle from major clients, particularly in AI-integrated devices, which is projected to drive significant growth from 2025 to 2027 [6][7] - The company is positioned to benefit from the increasing demand for AI servers, automotive electronics, and low-orbit satellite applications, providing long-term growth momentum [6][7]

Financial Performance - In 2024, the company achieved total operating revenue of RMB 3,514,038.45 million, an increase of 9.59% compared to the previous year[3] - The net profit attributable to shareholders of the listed company reached RMB 362,035.14 million, reflecting a growth of 10.14% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 353,137.54 million, up by 11.40% from the previous year[4] - The earnings per share (EPS) for the reporting period was RMB 1.56, which is a 9.86% increase from RMB 1.42 in the previous year[3] - The weighted average return on equity rose to 11.73%, an increase of 0.35 percentage points from the previous year[3] Assets and Equity - The company's total assets at the end of the reporting period were RMB 4,454,256.18 million, representing a growth of 5.36% from the beginning of the period[4] - Shareholders' equity attributable to the listed company increased to RMB 3,210,984.36 million, a rise of 8.29% compared to the start of the period[4] - The company's net asset per share increased to RMB 13.85, reflecting an 8.37% growth from the beginning of the period[4] Market Opportunities and Financial Health - The company capitalized on opportunities in the consumer electronics sector and the AI technology wave, leading to steady growth in revenue and net profit[4] - The financial condition of the company remains healthy, with stable asset growth reported during the period[4]

特此公告。 鹏鼎控股（深圳）股份有限公司 证券代码：002938 证券简称：鹏鼎控股 公告编号：2025-007 鹏鼎控股（深圳）股份有限公司 2025 年 2 月营业收入简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示：鹏鼎控股(深圳)股份有限公司(以下简称"本公司"或"公司") 之间接控股股东臻鼎科技控股股份有限公司（以下简称"臻鼎科技"）为台湾 地区上市公司，臻鼎科技需按照台湾证券交易所相关规定，披露每月营业收入 数据。为使 A 股投资者能够及时了解公司的经营情况，本公司亦同步在深圳证 券交易所指定的信息披露媒体上披露本公司营业收入。 本简报为初步核算数据，未经会计师事务所审计或审阅，最终数据以公司 定期报告为准，敬请投资者注意投资风险。 公司 2025 年 2 月合并营业收入为人民币 246,316 万元，较去年同期的合并 营业收入增加 39.86%。 董 事 会 2025 年 3 月 7 日 ...

证券代码：002938 证券简称：鹏鼎控股 鹏鼎控股（深圳）股份有限公司投资者关系活动记录表 | 投资者关系活动 | ■特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （ ） | | 参与单位名称 | 国投证券/长江证券/长盛基金/招银理财/农银汇理/东方阿 | | | 尔法/国君资管/融通基金/兴银基金/招商信诺资管/朱雀基 | | | 金/创金合信基金/凯丰投资/中信建投/中泰资管/永诚保险 | | | 资管/安联保险资管/第一创业自营/中海基金/中银证券/方 | | | 正证券/融通基金 | | 时间 | 2025 年 02 月 19-21 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总、董秘：周红 | | 员姓名 | 投关主管：侯琦 | | | Q：泰国产能建设进度？ | | | A：公司泰国园区一期计划投资 2.5 亿美金，主要是汽车 | | | 和服务器相关产品投入，预计 6 月份左右能建成并认证打 | | | 样，年底时能部分投产。公司在汽车领 ...