搭上黄仁勋，650亿陈涛问鼎惠州首富

Core Viewpoint - Nvidia's CEO Huang Renxun refers to Chen Tao, the founder and chairman of Shenghong Technology, as "China's partner" and "Nvidia's key person in China," highlighting the deep ties between Shenghong Technology and AI giants like Nvidia, which have significantly boosted the company's performance amid the global AI wave [2][16]. Financial Performance - Shenghong Technology's revenue for the first three quarters of this year reached 14.117 billion yuan, 1.3 times that of the entire previous year, while net profit attributable to shareholders was 3.245 billion yuan, nearly three times last year's figure [4][15]. - In Q3 alone, the company achieved a revenue of 5.086 billion yuan, a year-on-year increase of 78.95%, and a net profit of 1.102 billion yuan, up 260.52% year-on-year [4][5]. - The overall gross profit margin for the first three quarters was 35.85%, an increase of 14.3 percentage points year-on-year, although Q3 saw a decline of 3.6 percentage points compared to the previous quarter [4][5]. Cost and Investment - Shenghong Technology's total operating costs for the first three quarters reached 10.32 billion yuan, a nearly 50% increase year-on-year, marking a historical high for the same period [5]. - The company has significantly increased its investment in R&D, with expenses rising 84.43% to 608 million yuan [5]. Capacity Expansion and Market Strategy - To meet global demand for high-layer PCBs and advanced HDI, Shenghong Technology is accelerating capacity expansion, with a net cash flow from investment activities turning from -999 million yuan last year to -3.639 billion yuan this year due to increased fixed asset expenditures [6][7]. - The company is implementing a "China + N" global layout strategy, with domestic capacity centered in Huizhou and overseas production lines being established in Thailand and Vietnam to enhance global delivery capabilities [7][10]. Industry Outlook - The PCB industry is experiencing robust demand, driven by the rapid evolution of AI technology and the growing needs for AI computing and servers, which are expected to support sustained growth in the sector [10].