Sytech(SH:600183) Shang Hai Zheng Quan Bao·2025-12-26 19:09Core Viewpoint - Shengyi Technology has maintained its position as a leading global player in the rigid copper-clad laminate industry, focusing on high-end markets driven by the demand for AI and advanced packaging technologies [5][6]. Group 1: Company Overview - Shengyi Technology has been deeply engaged in the copper-clad laminate and related electronic materials sector for 40 years, consistently ranking second globally in sales since 2013 [5][6]. - The company’s copper-clad laminate production has grown from 600,000 square meters in 1985 to over 140 million square meters projected for 2024, achieving a global market share of 13.7% [6][7]. Group 2: Market Trends and Demand - The demand for high-end copper-clad laminates is increasing due to the rise of AI servers, data centers, and new communication technologies, which require materials with low dielectric loss and high reliability [6][7]. - The company is experiencing a surge in orders as downstream PCB manufacturers stock up in response to rising prices of core raw materials like copper [5][6]. Group 3: Product Development and Innovation - Shengyi Technology has developed a range of products that have received certification from advanced end customers, with applications in AI servers, 5G antennas, and communication networks [7][9]. - The company invests over 4.5% of its revenue in R&D annually, with a projected increase to 5.67% in 2024, reflecting a commitment to innovation and technology advancement [9]. Group 4: Global Expansion and Strategic Initiatives - Shengyi Technology is expanding its global footprint, with recent projects in Thailand aimed at enhancing production capacity and meeting market demands in Southeast Asia and beyond [11]. - The company has established long-term partnerships with major PCB manufacturers and tech giants, positioning itself within the supply chains of the top three global server manufacturers [11].