研报掘金丨国盛证券：维持胜宏科技“买入”评级，深度把握AI浪潮带来的发展机遇

Core Viewpoint - The report from Guosheng Securities highlights that Shenghong Technology achieved a significant increase in net profit attributable to shareholders, reaching 2.143 billion yuan in H1 2025, representing a year-on-year growth of 366.89% [1] Financial Performance - In Q2 2025, the company reported a net profit attributable to shareholders of 1.22 billion yuan, which is a year-on-year increase of 390.1% and a quarter-on-quarter increase of 32.8% [1] Business Strategy and Market Position - The substantial improvement in the company's performance and profitability is attributed to its strategic grasp of the AI computing power technology revolution and the data center upgrade wave, which has created historical opportunities [1] - The company has rapidly implemented product layouts in AI computing power and data center sectors, achieving large-scale production and continuous optimization of its product structure [1] Future Outlook - Guosheng Securities is optimistic about the company as a leader in AI PCB, believing it can deeply capitalize on the development opportunities brought by the AI wave [1] - The revenue forecasts for 2026 and 2027 have been raised to 34.8 billion yuan and 54.8 billion yuan, respectively, while the net profit forecasts for the same years have been adjusted to 11 billion yuan and 18 billion yuan [1] - The firm maintains a "buy" rating on the company [1]