VGT(SZ:300476) Sou Hu Cai Jing·2026-02-26 09:49Core Viewpoint - Shenghong Technology (Huizhou) Co., Ltd. is advancing its IPO application to the Hong Kong Stock Exchange, with major underwriters including JPMorgan, CITIC Securities International, and GF Securities (Hong Kong) [2] Group 1: Company Overview - Shenghong Technology is a leading global supplier of printed circuit boards (PCBs) for artificial intelligence and high-performance computing, focusing on high-density interconnect (HDI) and multi-layer PCBs [2] - The company holds the largest market share in AI and high-performance computing PCBs globally, with a projected market share of 1.7% in 2024, ranking seventh [2] Group 2: Financial Performance - Revenue for Shenghong Technology is projected to be 7.885 billion RMB in 2022, 7.931 billion RMB in 2023, and 10.731 billion RMB in 2024, with net profits of 790 million RMB, 671 million RMB, and 1.154 billion RMB respectively [3] - The company anticipates a significant increase in net profit for 2025, estimated between 4.16 billion RMB and 4.56 billion RMB, representing a year-on-year growth of 260.35% to 295% [4] Group 3: Shareholding Structure - Prior to the IPO, the largest shareholder group holds approximately 30.94% of the company's issued shares, with key individuals including Chen Tao and Liu Chunlan owning 90% and 10% of Shenghua Xinye respectively [4]