惠州老板搭上英伟达，4个月狂飙1370亿

Core Viewpoint - The article highlights the rapid growth and strategic expansion of Shenghong Technology, a PCB manufacturer, which has become a core supplier for major tech companies like NVIDIA, AMD, and Intel, leading to significant increases in stock price and market capitalization [5][7][36]. Group 1: Company Performance - Shenghong Technology's stock price surged to 225.69 yuan, marking an increase of nearly 13 times compared to early 2024, with a market capitalization of 194.7 billion yuan, up over 137 billion yuan since mid-April [5][11]. - The company's main business is printed circuit boards (PCBs), with projected revenue exceeding 10.7 billion yuan in 2024, a year-on-year growth of 35.31%, with approximately 60% of revenue coming from direct exports [7][36]. - The financial performance shows total revenue of 10.73 billion yuan in 2024, up from 7.93 billion yuan in 2023, while total costs increased from 7.16 billion yuan to 9.42 billion yuan [9]. Group 2: Strategic Expansion - Shenghong initiated a Hong Kong IPO process in late July, aiming to raise 1 billion USD (approximately 7.2 billion yuan) to support its expansion plans [10][44]. - The company has been actively investing in production capacity in Southeast Asia, with a 260 million USD investment in Vietnam for high-precision PCB projects and a 3.21 billion yuan plan for AI HDI projects [15][16]. - The total financing planned by the company this year exceeds 9 billion yuan, including a recent fundraising of 1.9 billion yuan for projects in Vietnam and Thailand [17][18]. Group 3: Market Position and Clientele - Shenghong's strategy focuses on deepening relationships with leading international clients, participating in new product development, and expanding its product offerings in AI computing and data centers [24][36]. - The company has established itself as a key supplier for major clients, including Tesla, AMD, Intel, and others, with significant production commitments for high-density multi-layer boards [32][36]. - The CEO, Chen Tao, has been pivotal in the company's growth, leveraging his experience and strategic vision to navigate the competitive landscape of the PCB industry [39][41].