VGT(SZ:300476) Zhi Tong Cai Jing·2025-10-19 22:50Group 1 - The core viewpoint of the news is that the China Securities Regulatory Commission (CSRC) has requested supplementary materials from Shenghong Technology regarding its business scope and share pledge situation as part of its listing application on the Hong Kong Stock Exchange [1][2] - Shenghong Technology is a leading global supplier of AI and high-performance computing PCBs, focusing on the R&D, production, and sales of advanced HDI and multi-layer PCBs [2] - The company has achieved significant revenue growth, with reported revenues of approximately 7.885 billion RMB, 7.931 billion RMB, and 10.731 billion RMB for the fiscal years 2022, 2023, and 2024 respectively [2] Group 2 - The CSRC has specifically requested Shenghong Technology to clarify whether its business operations fall under the negative list of foreign investment access measures [1] - The company is required to provide details on the share pledge situation of its controlling shareholders and actual controllers, assessing the potential for significant ownership disputes or changes in control [1] - Shenghong Technology's market share in the AI and high-performance computing PCB sector is the largest globally, with key applications including AI computing cards, servers, and data center switches [2]