然后他们认识通货那么我们单价对他们讲也有好处就是说我们可以降低多少的单价多少趴这个对他们讲有个省了一些成本的材料的成本这块是一个很好的趋势对他们讲有用明白明白这边的话还想请教您一下就是除了国内的这些下游中端客户之外比如说海外的 像这个英伟达呀就是比如说做算力呀做服务器PCB的这些公司这边有了解到在试这种材料吗我跟你讲英伟达最先试他后来他试了不成功后来他成功改良了改良了他第二次没有先上就是第二次就被师傅先上了英伟达是最先上的我跟你讲这家公司他跟英伟达是最先上的对 我们用什么材料 我没用这些材料我都是去宜伟达去考察了以后才回来用的哦 明白明白哦因为我们已经去过宜伟达了明白那专家那为什么宜伟达那块这个测试失败了呢第一批产品都是会有失败的你现在在没升级之前它失败是很正常的 他要知道一定要感谢英伟达他跟他做了白老鼠懂我意思吗?明白 明白专家 那英伟达是什么时候开始试这个材料的呀?也是今年吗?还是说去年?英伟达是去年开始试我们去英伟达的时候是去年去跟他交流的那时候他失败了 明白那英伟达会不会说后边看到咱们这款成功车会有这种想法就您觉得吧会会 绝对会 因为英伟达它对它有种可能性它的需求比我们更大对这确实英伟达这个是一个车品 ...

Summary of Conference Call Notes Industry and Company Overview - The focus is on the application of quartz sand in the PCB (Printed Circuit Board) industry, particularly for major clients such as Huawei, ZTE, and Samsung [1][2] - The company provides two types of modules: custom-made modules as per client requirements and modules suggested by the company using quartz sand material [1] Key Points and Arguments 1. **Current Application of Quartz Sand** - Quartz sand is primarily used in PCB products for Huawei, ZTE, and Samsung [2] - Nvidia began testing quartz sand last year but faced initial failures; however, they are expected to continue trials due to potential high demand [1][3] 2. **Market Prospects for Quartz Sand** - Huawei's certification is expected to be completed within six months, which will allow for large-scale use of quartz sand and significantly increase shipment volumes [1] - The current application is limited to base stations and servers, with no plans for consumer-grade products due to high costs [1][2] 3. **Production and Expansion Plans** - Existing production equipment can be adjusted to accommodate quartz sand production, indicating low conversion costs and high efficiency [1] - The company plans to expand production in Nantong and build new facilities in Thailand, with completion expected by the end of the year [1][2] 4. **Economic Benefits and Cost Analysis** - The yield rate for products using quartz sand is between 96% and 98%, with a processing rate of 99%, indicating high stability and reliability [1][2] - The cost of quartz sand materials accounts for 63% of the final product, which is lower than the 80% cost associated with Rogers materials, thus reducing production costs and enhancing market competitiveness [1][4] 5. **Supply Chain and Certification** - Currently, Feili Hua is the only supplier capable of providing certified quartz sand materials [1] - The company does not have alternative suppliers due to strict market recognition requirements, and new suppliers must undergo rigorous certification processes [1][4] Additional Important Insights - The initial failure of Nvidia's tests with quartz sand is considered normal, as first batches often encounter issues [3] - Domestic clients are concerned about the risk of supply disruptions from traditional suppliers like Rogers, while overseas clients focus on the performance advantages of quartz sand over traditional materials [2][3] - The price of CCL (Copper Clad Laminate) has increased by approximately 18% [4] - The monthly shipment volume of quartz cloth varies between 80,000 to 180,000 sheets due to differences in production capacity for low-end and high-end materials [5] - The price range for quartz cloth sold to clients is between 1,200 to 6,800 RMB per square meter [5]

大家好欢迎参加国投证券电子PCB行业金矿交流电话会议目前所有参会者均处于静音状态下面开始布报免责声明声明布报完毕后主讲老师会见本次会议仅限国投证券股份有限公司白名单客户参与会议内容不允许以任何方式对外泄露违者国投证券股份有限公司有权追究法律责任及一切经济损失 各位投资者大家上午好我是国投证券的首席律师马良然后我和我们团队的同事朱思今天给大家分享一下我们关于整个PCB这个行业的一些就是一些我们的一些复盘一些思考一些对于未来这个情况的一些推演因为近期可以看到就是这个PCB行业的这个大部分都发了 这些这个预告然后呢其实第一本身的话这个业绩的同比增长都是非常不错的然后呢另外一个呢也是本身的其实从整个这个股价的这个涨幅啊也都是最近其实是比较大啊这个因为我们之前其实也发了很多篇的包括这个行业深度报告啊包括这样的一个各种各种这个微信推荐的这样子的一个信息啊其实 包括这样子的一个路演活动啊其实我们对于这个板块的关注应该说市场上这个算是这个最为深入的然后呢整体上来看啊整个PCB这个板块我觉得其实呃今年首先来来看这个这个有点是这种由于现在是就是汽车啊然后包括AI啊然后这两方面其实共同催化的这样一个 这样的一个就是引领的这样的一个 ...

数通P梳理大发展带动数通P新周期 ...

大家好欢迎参加国投证券电子PCB行业金矿交流电话会议目前所有参会者均处于静音状态下面开始播报免责声明声明播报完毕后主讲老师可见本次会议仅限国投证券股份有限公司白名单客户参与会议内容不允许以任何方式对外泄露违者国投证券股份有限公司有权追究法律责任及一切经济损失 各位投资者大家上午好我是国投证券的首席律师马良然后我和我们团队的同事朱思今天给大家分享一下我们关于整个PCB这个行业的一些就是一些我们的一些复盘一些思考一些对于未来这个情况的一些推演因为近期可以看到就是这个PCB行业的这个大部分都发了 这些这个预告然后呢其实第一本身的话这个业绩的同比增长都是非常不错的然后呢另外一个呢也是本身的其实从整个这个股价的这个涨幅啊也都是最近其实是比较大啊这个因为我们之前其实也发了很多篇的包括这个行业深度报告啊包括这样的一个各种各种这个微信推荐的这样子的一个信息啊其实 包括这样子的一个路演活动啊其实我们对于这个板块的关注应该说市场上这个算是这个最为深入的然后呢整体上来看啊整个PCB这个板块我觉得其实呃今年首先来来看这个这个有点是这种由于现在是就是汽车啊然后包括AI啊然后这两方面其实共同催化的这样的一个 这样的一个就是引领着这样的一 ...

Financial Data and Key Metrics Changes - The company reported a significant increase in revenue for Q2, with New City Holdings expecting revenue of 1.64 billion, a year-on-year growth of 25% and a quarter-on-quarter growth of 19% [11] - The net profit for New City Holdings is projected to be 234 million, representing a year-on-year increase of 52% and a quarter-on-quarter increase of 84% [11] - The net profit excluding non-recurring items is expected to be 220 million, with a year-on-year growth of 66% and a quarter-on-quarter growth of 89% [11] Business Line Data and Key Metrics Changes - The PCB sector is experiencing a recovery, with overall orders showing year-on-year growth across various industries [29] - The AI sector is driving demand in the PCB market, leading to a new cycle of growth [12] - Companies like Shengyi Technology reported a net profit of 530 million for Q2, exceeding a 70% year-on-year increase [31] Market Data and Key Metrics Changes - The demand for PCB products is significantly improving, with companies reporting full production capacity and increased sales [32] - The overall PCB industry is expected to see a profit turning point this year, with many companies experiencing high growth rates [34] - The demand for high-end products, such as AI servers and switches, is increasing, leading to higher profit margins [75] Company Strategy and Development Direction and Industry Competition - The company emphasizes AI as a key innovation direction, focusing on related sectors such as PCB and servers [12] - The strategy includes selecting stocks within the AI sector and focusing on companies with strong growth potential [12] - The competitive landscape is shifting towards fewer players in high-end PCB manufacturing, enhancing profitability [75] Management's Comments on Operating Environment and Future Outlook - Management noted that the overall demand in the PCB industry is recovering, with expectations for continued high growth in the coming quarters [36] - The management highlighted that the industry is moving away from chaotic competition, leading to improved pricing power and profitability [51] - There is a strong belief that the current cycle in the PCB market is comparable to the previous 5G construction cycle, indicating long-term growth potential [73] Other Important Information - The company has been actively hosting meetings to discuss industry trends and performance, particularly in the AI and PCB sectors [5] - Recent earnings reports from key players in the sector have consistently exceeded market expectations, reinforcing positive sentiment [10][54] Q&A Session All Questions and Answers Question: How does the company view the current PCB market? - The company believes the current PCB market is in a significant growth cycle, with expectations for sustained high growth in the coming quarters [73] Question: What are the key drivers for growth in the PCB sector? - Key drivers include the increasing demand for AI-related products, the recovery of overall market demand, and the shift towards high-end products with better profit margins [75] Question: How is the competitive landscape evolving in the PCB industry? - The competitive landscape is becoming more concentrated, with fewer players in high-end PCB manufacturing, which is expected to enhance profitability for leading companies [75]

感谢大家好欢迎安家中泰电子AI系列第16奖疏通PCB疏离AI大发展带动疏通PCB新周期电话会议本次电话会议服务于中泰证券正式签约客户为非公开 未经中泰证券授权请勿对外传播本次会议的内容包括但不限于视频音频文字记录内容等信息感谢您的理解与配合中泰证券对违反上述要求的行为保留追究法律责任的权利市场有风险投资需谨慎本会议信息仅供参考不代表任何投资建议本公司不对任何人因使用本会议中的信息所引致的任何损失负担任何责任 尊敬的各位投资者大家早上好我是中泰电子网方那也是非常感谢各位投资者一直在早上的八点支持我们的这个电话会议我们从五月份开始强迫电子然后我们当时强调的核心观点就是电子在今年的一季度是出现了这个盈利拐点然后方向上我们也一直非常明确就是AI是最确定的这个创新的方向 所以我们的核心推荐一直这个方向上都是深度围绕AI和AI家那AI的云端主要当时我们推的就是PCB和服务器的这个相关的标的包括像互联股份、圣诞电路、国联复联以及A股的韩武基然后还有像AI家这个方向的话我们是从5月份也是非常看好国链然后中间是一直在重点推荐国链里面相关的这个核心标的 那到后来我们也是强调在博恋里面选个股不如是重点区上仓位然后AITC这块的话呢 ...

通PCB新周期：20240711_导读 2024年07月11日 15:02 全文摘要 章节速览 PCB及SOC板块业绩持续超出市场预期，主要受到人工智能(AI)和电子化率提升的影响。PCB板块因AI订 单推动，收入和毛利率表现优异，尤其是在一季度和二季度初。其中，龙头公司和特色业务公司表现出 色，带动整个产业链动力增强。而SOC板块则受益于需求增长和海外市场扩张，尤其在Q2业绩显 著，预计收入和净利润均实现两位数增长。此外，行业结束无序竞争状态，使得企业能更好地推出新产 品，提高利润率。 随着AI技术的发展及其在电子产品中的应用增加，如旗舰手机等产品的推出推动了对高性能SoC的需求 上升，进而带动了该市场的增长。例如，某些公司成功开发出具有强大计算能力的芯片，并将其应用于 不同领域的产品中，如智能耳机、智能手表等，展示了AI如何促进SoC领域向高端化发展。此外，存储 设计部分也发出了业绩增长的预告，而PCB和其他一些细分市场的情况尚未完全明朗。整体来看，消费 电子行业的第二季度预计将表现良好，特别是在AI和国产替代的趋势下，关注这些领域的投资策略可能 会带来较好的回报。 今年初，PCB板块已显现拐点迹象，一季 ...

Summary of Conference Call Company/Industry Involved - The conference call pertains to Zhongtai Electronics, focusing on the AI development in the PCB (Printed Circuit Board) industry Core Points and Arguments - The call highlighted the significant growth potential in the PCB sector driven by advancements in AI technology [1] - It was noted that the integration of AI in PCB manufacturing processes is expected to enhance efficiency and reduce costs [2] - The company discussed its strategic initiatives to leverage AI for improving product quality and accelerating production timelines [3] Other Important but Possibly Overlooked Content - The conference emphasized the importance of staying ahead in technology trends to maintain competitive advantage in the PCB market [1] - There was a mention of potential partnerships with tech firms to further enhance AI capabilities in PCB applications [2] - The call also touched on the regulatory landscape affecting the PCB industry, which could impact future growth [3]

本次会议紧面向华府证券的专业投资机构客户或受邀客户第三方专家发言内容仅代表其个人观点所有信息或观点不构成投资 ...