Ge Long Hui·2025-10-15 07:57Core Viewpoint - The report from Western Securities indicates that Pengding Holdings has shown steady growth in revenue and profit for the first half of 2025, with improved profitability and significant growth in its automotive and server board businesses driven by the surge in AI server market demand [1] Group 1: Financial Performance - Pengding Holdings experienced robust revenue and profit growth in H1 2025, indicating strong financial health [1] - The company's profitability has improved, reflecting effective management and operational efficiency [1] Group 2: Business Development - The company is actively promoting the certification and prototyping of next-generation products with well-known clients in the AI server market [1] - There is an expansion of collaboration with cloud server manufacturers on AI ASIC-related products, enhancing the company's competitive edge in the AI server market [1] Group 3: Market Position and Future Outlook - Pengding Holdings is positioned as a leading enterprise in the PCB industry, with a strong focus on expanding its AI server and automotive businesses [1] - The company is well-placed to capitalize on the AI trend, continuously laying out forward-looking product areas to drive sustained growth in its main business [1] - The outlook for the company's future business expansion and performance growth remains positive, maintaining a "buy" rating [1]