天承科技：2025年净利润8363.39万元，同比增长11.99%

Core Viewpoint - Tiancheng Technology (688603.SH) reported a robust performance for the fiscal year 2025, driven by the recovery in the PCB industry and the release of technological dividends [1] Financial Performance - The company achieved total operating revenue of 470.96 million yuan, representing a year-on-year increase of 23.72% [1] - Net profit attributable to the parent company reached 83.63 million yuan, up 11.99% year-on-year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 71.24 million yuan, reflecting a year-on-year growth of 14.70% [1] - Basic earnings per share were 0.67 yuan, an increase of 11.67% compared to the previous year [1] Market Dynamics - The company's performance was supported by the dual drivers of recovery in the PCB industry and the release of technological advantages [1] - The surge in demand for high-end markets, particularly due to the boom in AI large models and computing infrastructure, allowed the company to break into the supply chains of leading clients [1] - The increasing sales proportion of high value-added products significantly contributed to product structure optimization and profit margin expansion [1]