Mei Ri Jing Ji Xin Wen·2025-09-18 11:58Group 1: Industry Overview - The PCB industry is experiencing increased attention, with leading domestic companies actively expanding high-end HDI capacity to compete for quality orders in the future server PCB market [1] - The demand for PCB products is expected to rise, with both product value and industry demand on an upward trend due to the ongoing AI technology revolution [1][3] - The industry is witnessing a shift towards higher layer counts and increased unit prices for PCB products, driven by the growing demand for AI computing power [1][2] Group 2: Company Developments - Dongshan Precision has initiated a $1 billion investment plan over 2-3 years, with approximately $200 million already allocated for upgrading existing facilities, and new capacity expected to be released in the first half of next year [2] - The company is leveraging its acquisition of Multek, which possesses advanced technology in HDI and high-layer PCBs, to meet the core demands of AI devices [2] - In the first half of 2025, Dongshan Precision reported revenue of 16.955 billion yuan, a year-on-year increase of 1.96%, with electronic circuit products contributing 11.059 billion yuan, accounting for 65.23% of total revenue [2] Group 3: Competitor Insights - Shenghong Technology has reported a significant increase in revenue, achieving 9.031 billion yuan in the first half of 2025, a year-on-year growth of 86%, with net profit rising by 366.89% to 2.143 billion yuan [3][4] - The company emphasizes its technological leadership in AI computing and server fields, claiming to be 2-3 years ahead in mass production technology [4] - Shenghong Technology is expanding its production capacity overseas, with ongoing projects in Thailand and Vietnam to enhance high-layer and high-end HDI production capabilities [4]