研报掘金丨中银证券：维持鹏鼎控股“买入”评级，“云-管-端”全产业链协同推进

Core Viewpoint - The report from Zhongyin Securities highlights that Pengding Holdings is making significant investments in Thailand to expand its AI production capacity, promoting a collaborative approach across the entire "cloud-edge-end" industry chain [1] Group 1: Investment and Capacity Expansion - The investment in the Thai production park will enhance the company's AI product line capacity layout, improving its technical strength and mass production capabilities in the AI computing power sector [1] - Continuous investment in computing power PCB capacity will create supply space, allowing the company to gradually enter a new peak of capacity expansion driven by increasing AI computing power demand [1] Group 2: Business Performance and Growth - The company is expected to achieve excellent operational results in the first three quarters of 2025, with steady growth across all business lines and continuous optimization of the structure [1] - The layout in the AI industry chain is anticipated to achieve deep collaboration, driving a new round of capacity expansion [1]