Core Viewpoint - 汇聚科技 is a professional custom wire interconnection solution provider, benefiting from the AI trend and various strategic acquisitions, positioning itself for long-term growth in the data communication, automotive, and medical sectors [1][2]. Data Communication Sector - The demand for AI computing power is driving growth in the MPO optical communication and AI server markets, with MPO expected to reach a market size of $1.6 billion by 2030, growing at a CAGR of 14% from 2024 to 2030 [3]. - The company's MPO business is a core profit source, with significant growth in fiber revenue, increasing by 43% year-on-year in 2024 and 35% in the first half of 2025 [3]. Automotive Sector - The acquisition of Leoni Kable enhances the company's capabilities across production, sales, and customer networks, positioning it for significant growth in the automotive cable market, projected to reach 169 billion yuan by 2030 [4]. - The automotive business has shown steady growth, with revenues of 1.58 million and 0.76 million HKD in 2024 and the first half of 2025, respectively, reflecting increases of 57% and 12% year-on-year [4]. Medical Sector - The aging population and advancements in AI are driving demand for medical devices, with the company's medical device wire components expected to grow by 217% to 820 million HKD in 2024 [6]. - The company is actively investing in cutting-edge medical technologies and has made investments in three overseas companies focusing on touch and virtual reality technologies [6]. Financial Projections - The company forecasts total revenues of 101.7 billion, 129.2 billion, and 163.9 billion HKD for 2025, 2026, and 2027, respectively, with net profits of 7.14 billion, 11.19 billion, and 16.11 billion HKD [5].
汇聚科技(1729.HK)：专业的定制电线互连方案供应商 数通、汽车、医疗三轮驱动长线成长