Xin Lang Zheng Quan·2025-09-04 15:53Core Viewpoint - The company, Shenghong Technology, aims to become a leader in the AI PCB sector, leveraging its core competencies and strategic initiatives to capitalize on the growing demand driven by AI technology [1] Group 1: Company Information - Shenghong Technology hosted 98 institutional and individual investors from September 2 to 4, 2025, through site visits and conference calls [1] - Key attendees included representatives from Guotai Junan Securities, Dongfang Fuhai, and Dongfang Gangwan, among others [1] - The company's leadership team included Chairman Chen Tao, President Zhao Qixiang, and CFO Zhu Guoqiang [1] Group 2: Core Competencies - The company emphasizes a strategic philosophy of "embracing and moving towards the future" while innovating collaboratively with clients [1] - Technologically, Shenghong has a significant advantage in R&D, manufacturing, and quality, leading the market in mass production technology by 2 to 3 years [1] - The company boasts high product reliability and quality, with comprehensive AI detection coverage [1] - Shenghong's headquarters in Huizhou is the largest single PCB production base globally, with expansion in Thailand and Vietnam to enhance high-end capacity [1] Group 3: Market Demand Trends - The company identifies AI technology as a necessity, with Prismark projecting a compound annual growth rate of approximately 20% for AI PCBs over the next five years [1] - The demand for high-layer and high-density interconnect (HDI) PCBs is expected to surge, particularly in AI-driven sectors such as servers, mobile devices, and autonomous vehicles [1] - Current market conditions indicate high certainty and growth in demand, especially for high-end production capacity, with supply remaining relatively tight [1] Group 4: Capacity Planning and Expansion - To maintain its leading position, Shenghong is continuously expanding its high-end product capacity, including updates to HDI equipment and factory projects in Huizhou, Thailand, and Vietnam [1] - The company's expansion pace is noted to be industry-leading [1] Group 5: Technological Advantages and Achievements - Shenghong holds a leading global market share in AI computing PCBs, with extensive core applications [1] - The company has the capability to mass-produce high-precision circuit boards with over 70 layers and is among the first to achieve large-scale production of 6-layer 24-layer AI computing data center products [1] - Shenghong is advancing the development of 10-layer 30-layer HDI technology, maintaining a competitive edge through deep involvement in major clients' research and development [1]