Core Viewpoint - Guanghe Technology (001389.SZ) focuses on manufacturing key components for computing servers, specifically customized PCBs for various computing scenarios, and ranks third globally and first in mainland China among PCB manufacturers for computing servers [2][3]. Group 1: Company Overview - Guanghe Technology is engaged in the research, production, and sales of customized PCBs used in computing servers and other computing scenarios [2]. - The company primarily sells its products through direct sales to end product brands and EMS providers [3]. - The main production facilities are located in Guangdong and Hubei provinces in China [3]. Group 2: Financial Performance - The company's revenue from computing scenario PCBs for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, are RMB 1.635 billion, RMB 1.858 billion, RMB 2.706 billion, RMB 1.962 billion, and RMB 2.833 billion, respectively, accounting for 67.8%, 69.4%, 72.5%, 73.2%, and 73.9% of total revenue [2]. - Total revenue for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, are RMB 2.412 billion, RMB 2.678 billion, RMB 3.734 billion, and RMB 2.680 billion, respectively [4][5]. - The net profit margin for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, are 11.6%, 15.5%, 18.1%, and 18.9% [6]. Group 3: Market Trends - The global PCB market is expected to grow from USD 62 billion in 2020 to USD 75 billion in 2024, with a compound annual growth rate (CAGR) of 4.9% [11]. - The sales of computing scenario PCBs are projected to reach USD 12.5 billion in 2024 and grow to USD 21 billion by 2029, with a CAGR of 10.9% [11]. - China is expected to dominate the global PCB market with a 56% share in 2024, followed by Japan (7.9%), the Americas (4.7%), and Europe (2.2%) [12].
新股消息 | 广合科技(001389.SZ)递表港交所 主营算力服务器关键部件PCB制造