PCB龙头股，发布业绩预告

Core Viewpoint - The company expects a significant increase in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of 4.16 billion to 4.56 billion yuan, representing a year-on-year growth of 260.35% to 295% [1][5]. Financial Performance - In Q3, the company reported a net profit of 1.102 billion yuan, with an estimated Q4 net profit expected to be between 915 million and 1.315 billion yuan, indicating a quarter-on-quarter decline of 17% to 19% [2]. - The projected net profit for 2025 shows a substantial increase compared to the previous year, with a growth rate of 260.35% to 295% [5]. Strategic Focus - The company is committed to embracing AI and capitalizing on the technological innovations in AI computing power and data center upgrades, aiming to strengthen its leading position in the global PCB manufacturing sector [5]. - The expansion of global AI infrastructure and computing power demand is expected to benefit the company, which has established itself as a core partner for many leading technology firms [5]. Product Development - The company has achieved large-scale production of several high-end products in key areas such as AI computing, data centers, and high-performance computing, leading to an upgrade in product structure towards higher value and more complex technologies [5]. Stock Performance - The company's stock has seen a cumulative increase of 588.16% in 2025, with a peak increase exceeding 700%. However, since 2026, the stock price has shown volatility, closing at 281.19 yuan per share with a total market capitalization of 244.7 billion yuan [6].