台湾PCB行业跟踪，金像电单月营收创新高

Investment Rating - The report maintains an "Outperform" rating for the electronic industry [3][17]. Core Insights - The Taiwan PCB industry achieved a significant revenue increase in February, with total revenue reaching NT$ 59.8 billion, a year-on-year growth of 26% [9][10]. - The report highlights strong performance among high-layer and HDI-related companies, with notable revenue growth from companies like Jinchang Electric, which reported a 47% year-on-year increase in February [9][17]. - The demand for high-end PCBs is expected to continue due to the needs of AI servers, high-speed communication devices, and automotive intelligence [17]. Summary by Sections 1. Taiwan PCB Industry Revenue Situation - In February, the Taiwan PCB industry generated NT$ 59.8 billion, reflecting a 26% year-on-year increase and a 3% decrease month-on-month. Cumulative revenue from January to February reached NT$ 121.5 billion, up 11% year-on-year [10][11]. 2. Revenue Performance of Related Companies - Notable revenue performances in February include: - Xinxing Electronics: NT$ 10 billion, up 21% year-on-year [11]. - Nandian: NT$ 2.8 billion, up 50% year-on-year [11]. - Jinchang Electric: NT$ 3.9 billion, up 47% year-on-year, setting a new monthly revenue record [11][13]. - Zhendin: NT$ 12.2 billion, up 42% year-on-year [13]. - Overall, the revenue of Taiwan PCB listed companies showed widespread growth, particularly in high-layer and HDI sectors [11][17].