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Core Viewpoint - Company Shengyi Technology has signed an investment intention agreement with the Dongguan Songshan Lake High-tech Industrial Development Zone Management Committee to invest approximately 4.5 billion yuan in a high-performance copper-clad laminate project, which is not classified as a related transaction or a major asset restructuring [1][5]. Investment Project - The investment amount for the high-performance copper-clad laminate project is approximately 4.5 billion yuan, aimed at meeting the growing demand for high-performance copper-clad laminates [5][6]. - The project will cover a total area of approximately 198,667.66 square meters and will be implemented using the company's own or self-raised funds [6]. - The project is expected to support key technologies such as AI, cloud computing, 6G communication, and smart automotive electronics [6]. Financial Performance - In 2025, Shengyi Technology's stock price increased significantly, with a total annual growth of 205.82%, closing at 71.41 yuan per share on December 31, 2025, with a total market value of 173.5 billion yuan [4][7]. - For the third quarter of 2025, the company reported a revenue of 7.933 billion yuan, a year-on-year increase of 55.10%, and a net profit of 1.017 billion yuan, up 131.18% year-on-year [8]. - The company’s revenue for the first three quarters of 2025 reached 20.614 billion yuan, representing a year-on-year growth of 39.80%, with a net profit of 2.443 billion yuan, up 78.04% year-on-year [8]. Market Trends - The demand for copper-clad laminates is driven by the growth of AI servers, with institutions noting that the increase in demand for AI applications is positively impacting Shengyi Technology's performance [8]. - TrendForce forecasts that global capital expenditure from the top eight cloud service providers will grow by 40% in 2026, exceeding 600 billion dollars, with a projected 20.9% increase in global AI server shipments [9].