WUS(SZ:002463) Ge Long Hui A P P·2025-08-25 09:43Core Viewpoint - Dongguan Securities report indicates that Huadian Co., Ltd. is expected to achieve a net profit attributable to shareholders of 1.683 billion yuan and a net profit of 1.644 billion yuan after deducting non-recurring gains and losses in the first half of 2025, representing year-on-year growth of 47.50% and 47.90% respectively, aligning with performance forecasts [1] Group 1 - The strong demand for data center infrastructure, including AI servers and switches, is a key driver of performance [1] - The demand for high multilayer boards and HDI products continues to increase, further boosting performance [1] - The company is expanding production capacity through technological upgrades and new projects to meet customer demand for high-end PCBs [1] Group 2 - The new project in Kunshan is expected to produce 290,000 square meters of HDI annually, positioning the company to benefit from the AI wave [1] - The automotive board segment shows steady growth, with revenue reaching 1.422 billion yuan in the first half of the year, a year-on-year increase of 24.18% [1] - Emerging automotive board products, such as millimeter-wave radar and HDI-based autonomous driving assistance, are experiencing continuous market growth [1]