VGT(SZ:300476) Sou Hu Cai Jing·2025-08-22 00:53Core Viewpoint - Shenghong Technology (Huizhou) Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange, aiming to capitalize on its leading position in the AI and high-performance computing PCB market, with significant revenue growth projected for the coming years [2]. Financial Performance - The company reported revenues of RMB 78.85 billion, RMB 79.31 billion, and RMB 107.31 billion for the years 2022, 2023, and 2024 respectively, with profits of RMB 7.91 billion, RMB 6.71 billion, and RMB 11.54 billion during the same period [2][4]. - In the first three months of 2025, Shenghong Technology achieved revenue of RMB 43.12 billion, representing an 80.3% year-on-year increase, and a profit of RMB 9.21 billion, marking a 339.2% increase [2][4]. Market Position - According to Frost & Sullivan, Shenghong Technology is projected to hold the largest market share globally in the AI and high-performance computing PCB sector by the first quarter of 2025, with key applications in AI computing cards, servers, data center switches, and general substrates [2]. Stock Performance - As of August 21, the stock price of Shenghong Technology was reported at RMB 216.16, with a total market capitalization of approximately RMB 186.48 billion, reflecting a year-to-date increase of 415.67%, making it one of the best-performing companies in the A-share market over the past two years [4]. Leadership and Background - The founder and major shareholder, Chen Tao, holds a 31.24% stake in the company, and is recognized for his significant contributions to the PCB industry, being referred to as "the key person for NVIDIA in China" by NVIDIA's CEO Jensen Huang [6][8]. Client Base and Growth Potential - Shenghong Technology has successfully entered the supply chains of top global server clients, with its products being utilized by renowned brands such as NVIDIA, AMD, Intel, Tesla, and Microsoft, which provides a solid foundation for future growth [9].