Sytech(SH:600183) Ge Long Hui A P P·2026-02-04 07:49Core Viewpoint - The report from招商证券 indicates that Shengyi Technology is expected to see significant growth in its 2025 performance, driven by a clear long-term structural upgrade trend in AI-related business [1] Group 1: Company Performance and Growth - Shengyi Technology's subsidiary, Shengyi Electronics, is rapidly expanding its AI PCB production capacity, with strong demand from major clients and potential new clients in computing power [1] - The company is anticipated to increase its market share in the high-speed CCL sector, particularly among N clients, while also achieving breakthroughs with G and A clients [1] Group 2: Market Strategy and Management - The company is expected to adopt a more proactive market strategy this year to address rising upstream raw material costs [1] - The report emphasizes the company's technological leadership, core positioning in PCB upstream materials, and excellent management capabilities, which are likely to be recognized and valued by the market [1] Group 3: Future Outlook - The anticipated increase in high-speed board production in 2026 is expected to drive a new round of high-quality growth, with mid-to-long-term performance likely to exceed expectations [1] - The report maintains a "strong buy" rating for the company, reflecting confidence in its growth trajectory [1]