金融界5月14日消息，上证指数低开高走，中证TMT产业主题指数 (中证TMT，000998)上涨0.47%，报 2031.71点，成交额1060.09亿元。 从中证TMT产业主题指数持仓的市场板块来看，深圳证券交易所占比51.98%、上海证券交易所占比 48.02%。 从中证TMT产业主题指数持仓样本的行业来看，信息技术占比76.87%、通信服务占比23.13%。 据了解，中证TMT产业主题指数选取信息技术、通信服务中与 TMT 产业相关的代表性上市公司证券作 为指数样本，以反映TMT产业公司的整体表现。该指数以2011年06月30日为基日，以1000.0点为基点。 从指数持仓来看，中证TMT产业主题指数十大权重分别为：光线传媒（2.04%）、瑞芯微（1.99%）、 胜宏科技（1.9%）、兆易创新（1.51%）、深信服（1.5%）、韦尔股份（1.36%）、润泽科技 （1.34%）、寒武纪（1.28%）、生益科技（1.27%）、中国电信（1.18%）。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。每次调整的样本比例一般不超过10%。权重因子随样本定期调整 ...

胜宏科技（惠州）股份有限公司（以下简称"公司"）于 2025 年 5 月 13 日召开第五届董事会第五次会议、第五届监事会第五次会议，审议通过了《关于 2025 年度投资计划的议案》，现将具体事项公告如下： 一、2025 年度投资计划 为满足公司战略规划和经营发展的需要，2025 年度公司及子公司拟使用合 计不超过人民币 300,000 万元用于固定资产、无形资产购买，投资范围包括新厂 房及工程建设、设备购置、自动化产线改造升级等投资事宜，本次投资不得用于 对外购买股权、股票及其衍生品的投资，具体金额以实际投资为准。资金来源为 公司及子公司自有资金或自筹资金。本次投资有效期自 2025 年 1 月 1 日起 12 个月之内有效。已经股东会审议的投资项目，不纳入前述额度范围。 本次投资事项在董事会审批权限范围内，无需提交股东会审议。公司董事会 同意授权公司董事长或董事长授权人员在不影响公司正常生产经营运作和控制 系统性风险的前提下，开展投资项目的落实及跟进工作以及办理投资项目的相关 事宜。公司投资事项的批准严格按照《公司法》及有关法律、法规和《公司章程》 等规定的权限履行审批程序。 证券代码：300476 证券 ...

证券代码：300476 证券简称：胜宏科技 公告编号：2025-063 胜宏科技（惠州）股份有限公司 第五届董事会第五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 一、 董事会会议召开情况 胜宏科技（惠州）股份有限公司（以下简称"公司"）第五届董事会第五次会 议于 2025 年 5 月 13 日以现场结合通讯的方式召开，会议通知已于 2025 年 5 月 9 日以电话、邮件、微信、专人送达的方式发出。会议由公司董事长陈涛先生主 持，应出席董事 7 名，实际出席董事 7 名，公司部分监事、高级管理人员列席会 议。本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创 业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板 上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 本次会议以记名投票方式进行表决，审议通过了如下决议： 审议通过议案《关于 2025 年度投资计划的议案》 为满足公司战略规划和经营发展的需要，2025 年度公司及子公司拟使用合 计不超过人民币 300,000 万元 ...

证券代码：300476 证券简称：胜宏科技 公告编号：2025-064 胜宏科技(惠州)股份有限公司 第五届监事会第五次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 胜宏科技（惠州）股份有限公司（以下简称"公司"）第五届监事会第五次会 议于 2025 年 5 月 13 日以现场及通讯方式召开。本会议通知已于 2025 年 5 月 9 日以电话、微信、邮件、专人送达的方式发出。本次会议应出席监事 3 名，实际 出席监事 3 名。会议由公司监事会主席王海燕主持。本次会议的召开符合《中华 人民共和国公司法》等相关法律法规、《胜宏科技（惠州）股份有限公司章程》 的规定，所作决议合法有效。 本次会议以记名投票方式进行表决，审议通过了如下决议： 审议通过议案《关于 2025 年度投资计划的议案》 经审议，监事会认为：公司 2025 年度投资计划，符合公司整体战略发展规 划和公司长远发展利益，不存在损害公司及中小股东权益的情形。 具体内容详见公司在中国证监会指定的创业板信息披露网站（巨潮资讯网 http://www.cninfo.com.cn）上披露的《关于 2 ...

专利摘要显示，本发明涉及 PCB 弯槽锣槽制作方法、装置及印制电路板，本发明通过前工序，对 PCB 多层板进行前处理；文字，根据文字资料，在所述 PCB 多层板丝印文字油墨；印选化油，对所述 PCB 多层板的目标区域印刷选化油墨；第一次成型，通过第一次成型资料，在所述 PCB 多层板制作连续弯 槽，其中，所述连续弯槽位于所述目标区域内；去选化油，去除所述目标区域的选化油墨；第二次成 型，对 PCB 多层板进行板边成型，获得目标 PCB 板。通过本发明方案，在连接弯槽的外扩区域使用选 化油墨覆盖，减少防焊面与 PTFE 介质表面的高低落差；防止基材藏于缝隙中，切削不断产生毛刺。 金融界 2025 年 5 月 10 日消息，国家知识产权局信息显示，胜宏科技（惠州）股份有限公司申请一项名 为"PCB 弯槽锣槽制作方法、装置及印制电路板"的专利，公开号 CN119946990A，申请日期为 2025 年 1 月。 天眼查资料显示，胜宏科技（惠州）股份有限公司，成立于2006年，位于惠州市，是一家以从事计算 机、通信和其他电子设备制造业为主的企业。企业注册资本86268.8641万人民币。通过天眼查大数据分 析，胜宏科 ...

Investment Rating - The investment rating for the company is "Buy" and it is maintained [7]. Core Views - The company reported a significant increase in performance for Q1 2025, achieving revenue of 4.312 billion yuan, a year-on-year growth of 80.31%, and a net profit attributable to shareholders of 0.921 billion yuan, a year-on-year increase of 339.22% [2][5]. - The company's gross margin improved to 33.37%, up 13.88 percentage points year-on-year, and the net profit margin reached 21.35%, an increase of 12.59 percentage points year-on-year [10]. - The growth in profitability is attributed to the rapid increase in orders for high-value products driven by AI computing power business, which began mass production in Q4 2024 [10]. - The company is well-positioned to capitalize on the AI wave, leveraging its technological advantages and deepening relationships with leading international clients [10]. - The company expects a quarter-on-quarter net profit growth of no less than 30% in Q2 2025, with a year-on-year increase of over 360% for the first half of 2025 [10]. - Forecasted net profits for 2024, 2025, and 2026 are 5.138 billion yuan, 6.569 billion yuan, and 8.053 billion yuan, respectively, with corresponding PE ratios of 12.55, 9.82, and 8.01 [10]. Summary by Sections Financial Performance - In Q1 2025, the company achieved a revenue of 43.12 billion yuan and a net profit of 9.21 billion yuan, marking substantial year-on-year growth [2][5]. - The gross margin and net profit margin saw significant improvements, indicating enhanced profitability [10]. Business Strategy - The company is focusing on AI and high-end product development, achieving breakthroughs in AI server fields and high-speed data transmission products [10]. - The strategic emphasis on R&D and product innovation is expected to sustain growth and improve market position [10]. Future Outlook - The company anticipates continued strong performance in the upcoming quarters, driven by AI-related product demand and market recovery in traditional sectors [10]. - Long-term growth prospects remain positive, with expectations of increasing high ASP product shipments [10].

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating a positive outlook for its stock performance [1][3]. Core Views - The company, Shenghong Technology, is recognized as a leader in the AI PCB industry, with its operating performance showing significant quarterly growth. In 2024, the company achieved a revenue of 10.731 billion yuan, a year-on-year increase of 35.31%, and a net profit of 1.154 billion yuan, up 71.96% year-on-year. For Q1 2025, revenue reached 4.312 billion yuan, reflecting an 80.31% year-on-year growth, with a net profit of 921 million yuan, a staggering increase of 339.22% year-on-year [3][7][8]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 10.731 billion yuan and a net profit of 1.154 billion yuan, with respective year-on-year growth rates of 35.31% and 71.96%. For Q1 2025, revenue was 4.312 billion yuan, marking an 80.31% increase, while net profit was 921 million yuan, up 339.22% [3][7][8]. - The company plans to distribute a cash dividend of 3 yuan per 10 shares for 2024 [3]. Growth Projections - Revenue projections for 2025-2027 are as follows: 19.613 billion yuan in 2025, 23.574 billion yuan in 2026, and 26.983 billion yuan in 2027, with corresponding net profits of 4.355 billion yuan, 5.939 billion yuan, and 7.015 billion yuan [6][9]. - The company’s gross margin is expected to improve from 22.7% in 2024 to 35.4% in 2027, while net margin is projected to rise from 10.8% to 26.0% over the same period [10]. Market Position and Product Development - Shenghong Technology has established itself as a key supplier in the AI PCB market, achieving significant breakthroughs in AI-related products and maintaining a leading position in the global market for AI computing cards and data center products [7][8]. - The company has developed advanced products, including high-precision HDI boards and AI servers, and is actively expanding its product offerings in high-speed data transmission and automotive electronics [8]. Valuation Metrics - The report provides updated earnings forecasts, with the price-to-earnings (P/E) ratio projected to decrease from 55.9 in 2024 to 9.2 in 2027, indicating an attractive valuation as earnings grow [10][11].

Investment Rating - The investment rating for the company is "Recommended" [1][3] Core Views - The company has achieved significant growth in its operating performance, with a revenue of 10.731 billion yuan in 2024, representing a year-on-year increase of 35.31%, and a net profit of 1.154 billion yuan, up 71.96% year-on-year [3][7] - In Q1 2025, the company reported a revenue of 4.312 billion yuan, a remarkable year-on-year increase of 80.31%, and a net profit of 921 million yuan, which is a staggering 339.22% increase year-on-year [3][7] - The company is positioned as a leader in the AI PCB industry, capitalizing on the growing demand for AI-related products and technologies [7][10] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 10.731 billion yuan and a net profit of 1.154 billion yuan, with gross and net profit margins of 22.72% and 10.76% respectively [6][12] - For Q1 2025, the company reported a revenue of 4.312 billion yuan and a net profit of 921 million yuan, with gross and net profit margins significantly improving to 33.37% and 21.35% respectively [7][12] - The company forecasts a net profit growth of no less than 30% in Q2 2025, with a year-on-year increase of over 360% for the first half of 2025 [7] Product and Market Position - The company has achieved breakthroughs in AI-related products, including high-precision PCBs and AI servers, with a global market share leading in AI computing cards and AIDC [7][8] - The company has a comprehensive product range, including 70-layer high-precision PCBs and 28-layer HDI boards, and is actively developing next-generation products [8][10] - The company is also a major supplier for electric vehicle PCBs, expanding its client base with top-tier automotive customers [8] Future Projections - The company is expected to see continued growth, with projected net profits of 4.355 billion yuan in 2025, 5.939 billion yuan in 2026, and 7.015 billion yuan in 2027, reflecting a strong upward trend in profitability [10][12] - The price-to-earnings ratio is projected to decrease from 14.8 in 2025 to 9.2 in 2027, indicating an attractive valuation as earnings grow [12]

Core Viewpoint - The company has demonstrated significant growth in revenue and net profit for 2024 and Q1 2025, driven by the expansion of AI PCB and high-end products [1][2]. Financial Performance - In 2024, the company achieved revenue of 10.731 billion yuan, a year-on-year increase of 35.31%, and a net profit attributable to shareholders of 1.154 billion yuan, up 71.96% year-on-year [1][2]. - For Q1 2025, the company reported revenue of 4.312 billion yuan, a year-on-year increase of 80.31%, and a net profit attributable to shareholders of 921 million yuan, up 339.22% year-on-year [1][2]. - The company plans to distribute a cash dividend of 3 yuan per 10 shares (including tax) for 2024 [1]. Product and Technology Development - The company has achieved industry-leading technical capabilities in PCB production, covering a full range of products, including high-precision and multi-layer boards [3]. - The company has made significant breakthroughs in AI-related products, including mass production of 6-layer 24-layer HDI products and 32-layer high multi-layer products [3]. - The company is the global leader in market share for AI computing cards and AIDC UBB and switch products [3]. - The company has also made advancements in high-speed data transmission and automotive electronics, becoming a major supplier for electric vehicle manufacturers [3]. Market Outlook and Investment Recommendations - The company is positioned to benefit from the growing demand for AI-related products, with expectations for continued high growth in performance [4]. - The profit forecasts for 2025-2027 have been slightly adjusted upward, with projected net profits of 4.355 billion yuan for 2025, 5.939 billion yuan for 2026, and 7.015 billion yuan for 2027 [4].

Investment Rating - The investment rating for the company is "Buy" with the rating maintained [1][8] Core Views - The company reported a significant revenue growth of 80.31% year-on-year and a net profit increase of 339.22% year-on-year for Q1 2025, exceeding previous forecasts [6] - The company is expected to continue benefiting from AI technology advancements and data center upgrades, with projected revenues of 194.11 billion, 251.52 billion, and 301.83 billion for 2025, 2026, and 2027 respectively [6][7] Financial Performance Summary - For Q1 2025, the company achieved a revenue of 43.12 billion and a net profit of 9.21 billion, with a gross margin of 33.37%, reflecting a year-on-year increase of 13.89 percentage points [6] - The company anticipates a net profit growth of no less than 30% for Q2 2025, with a projected net profit of at least 11.97 billion [6] - The company's earnings per share (EPS) are expected to rise from 0.78 in 2023 to 5.36 in 2025, indicating strong growth potential [7] Valuation Metrics - The price-to-earnings (P/E) ratio is projected to decrease from 98.17 in 2023 to 14.27 in 2025, suggesting an attractive valuation as earnings grow [7] - The price-to-book (P/B) ratio is expected to decline from 8.64 in 2023 to 5.13 in 2025, further indicating potential for investment [7]