千亿大牛股，重磅！

Core Viewpoint - Shenghong Technology's board has approved the issuance of H shares and the application for listing on the Hong Kong Stock Exchange to enhance its global strategy and brand recognition [2][3]. Group 1: H Share Issuance and Listing - The company plans to issue H shares not exceeding 10% of the total share capital post-issuance, with an option for underwriters to exercise over-allotment rights [3]. - The raised funds will be allocated for domestic and international capacity expansion, research and development, and to supplement working capital [3]. Group 2: Financial Performance - In 2024, Shenghong Technology achieved a revenue of 10.731 billion yuan, a year-on-year increase of 35.31%, and a net profit of 1.154 billion yuan, up 71.96% [5]. - In Q1 2025, the company reported a revenue of 4.312 billion yuan, a year-on-year growth of 80.31%, and a net profit of 921 million yuan, reflecting a staggering increase of 339.22% [5]. - The company's AI computing and data center-related products accounted for over 40% of its revenue in Q1 2025, with a leading global market share in AI computing cards [5]. Group 3: Competitive Landscape - The domestic PCB industry in the AI server sector shows a stable competitive landscape with varying stages of production among companies, while Shenghong Technology has achieved large-scale production of AI server-related PCB products and has entered the supply chain of top global server clients [6]. Group 4: Stock Performance - Since January 2024, Shenghong Technology's stock price has increased by over 10 times [7]. - As of July 29, the stock closed at 189.25 yuan per share, with a market capitalization of 163.3 billion yuan [8].