Core Viewpoint - Dazhu CNC plans to issue H-shares and list overseas, coinciding with a new growth cycle in the PCB industry, which is expected to see a compound annual growth rate of 5.4% from 2023 to 2028, reaching nearly $100 billion by 2028 [1][2] Group 1: Company Overview - Dazhu CNC, established in 2002 and listed on the Shenzhen Stock Exchange in 2022, is one of the companies with the most extensive product layout in the global PCB equipment sector, covering 80% of the top 100 global PCB companies [1] - The company has ranked first in the specialized equipment category of the CPCA for 15 consecutive years [1] Group 2: H-Share Listing Plan - The board meeting on April 2, 2025, approved the proposal for researching and demonstrating the issuance of H-shares and listing [1] - The company is currently in the preliminary stages of evaluating the H-share issuance and listing [1] Group 3: Industry Growth and Performance - The PCB industry is entering a new growth phase, driven by the explosive growth in AI computing infrastructure and smart terminals, as well as the electrification and intelligence trends in the automotive sector [1] - Dazhu CNC expects a significant increase in net profit for 2024, projecting a net profit of 270 million to 320 million yuan, representing a year-on-year growth of 99% to 136% [1] Group 4: Technological Advantages - As a technology-driven enterprise, Dazhu CNC has significant advantages in high-end PCB equipment, covering the entire process from drilling to exposure and inspection [2] - The company plans to focus on high-precision and highly automated equipment to meet the high-performance requirements of AI and automotive electronics [2] Group 5: International Expansion - If the H-share issuance is successful, Dazhu CNC will become a dual-listed PCB equipment company in both A and H shares, enhancing its international financing channels and brand influence [2] - The company is currently discussing specific plans with intermediaries, including details on issuance scale and timeline [2]
大族数控拟赴港上市 推进PCB设备全球化战略进程