Zheng Quan Shi Bao·2025-06-05 11:21Core Viewpoint - A surge in AI computing power concept stocks has been observed, with Shenghong Technology reaching a historical high in stock price, indicating strong market interest and growth potential in the AI computing sector [1][3]. Company Performance - Shenghong Technology (300476) specializes in the research, production, and sales of high-density printed circuit boards (PCBs), with a comprehensive product range including rigid and flexible circuit boards. The company is benefiting from the growing demand in AI, data centers, and smart automotive applications, leading to a significant increase in global PCB demand [3]. - For 2024, Shenghong Technology is projected to achieve total revenue exceeding 10 billion yuan and a net profit of 1.154 billion yuan, both marking historical highs. In Q1 2025, the company reported total revenue of 4.312 billion yuan, a year-on-year increase of 80.31%, and a net profit of 921 million yuan, up 339.22% year-on-year [3][4]. - The stock price of Shenghong Technology has increased significantly, rising from a low of less than 14 yuan per share in 2024 to a closing price of 101.01 yuan, representing a growth of over 6.3 times [4]. Industry Trends - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming for standardized interconnection of public computing power by 2028. This initiative is expected to accelerate the domestic computing power rate [5]. - The computing power industry is identified as a high-growth sector, benefiting from both policy support and industry transformation. The demand for domestic AI computing power is anticipated to remain robust, with several projects already demonstrating successful implementation [5]. - As of June 5, 2023, the total market capitalization of AI computing power stocks in the A-share market reached 2.76 trillion yuan, an increase of over 1 trillion yuan since the end of 2023. Five stocks have market capitalizations exceeding 100 billion yuan [6]. Investment Opportunities - Analysts remain optimistic about the future of AI computing power stocks, with 31 stocks expected to see net profit growth exceeding 20% in 2025 and 2026. Notable stocks such as Haiguang Information and Zhongji Xuchuang have garnered significant institutional attention [6]. - The potential for substantial price increases exists, with 15 stocks showing an upside potential of over 20%, and 7 stocks having an upside potential exceeding 30% [6][7].