拟投资45亿元扩产，1700亿生益科技加码高性能覆铜板

Core Viewpoint - 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 RMB in a high-performance copper-clad laminate project, responding to the strong global demand for high-performance materials in advanced technologies such as AI and 6G [1][2] Group 1: Investment and Project Details - The project will cover an area of approximately 198,667.66 square meters with a usage period of 50 years, funded by the company's own or self-raised funds [1] - This strategic investment is aimed at supporting key technologies in AI, cloud computing, 6G communication, and smart automotive electronics [1] Group 2: Market Demand and Growth - TrendForce forecasts that global capital expenditure for the eight major CSPs will grow by 40% to over 600 billion USD by 2026, driving demand for high-end PCB materials and technological upgrades in the supply chain [1] - The global shipment of AI servers is expected to increase by 20.9%, leading to higher requirements for AI hardware products [1] Group 3: Company Performance and R&D Investment - Shengyi Technology plans to increase its R&D expenditure to 1.157 billion RMB in 2024, a year-on-year increase of 37.57%, with further increases in the first half of 2025 [2] - The company’s core business, copper-clad laminates, accounts for over 60% of its revenue, with sales of 76.2753 million square meters in the first half of 2025, up 8.82% year-on-year [2] - Shengyi Technology ranks second globally in rigid copper-clad laminate sales with a market share of 13.7% [2] Group 4: Financial Performance - For the first three quarters of 2025, Shengyi Technology reported revenue of 20.614 billion RMB, a year-on-year increase of 39.80%, and a net profit attributable to shareholders of 2.443 billion RMB, up 78.04% [2] - In the third quarter alone, the company achieved revenue of 7.934 billion RMB, a 55.10% increase year-on-year, and a net profit of 1.017 billion RMB, reflecting a 131.18% growth, both setting historical records [2]