Core Viewpoint - The article discusses the recent developments regarding Shenghong Technology's IPO process in Hong Kong, highlighting the company's strong market position in the AI and high-performance computing PCB sector, while addressing concerns over its stock price decline and the expiration of its IPO prospectus [2][4]. Group 1: Company Overview - Shenghong Technology is identified as a leading global supplier of AI and high-performance computing PCBs, focusing on high-end HDI and multi-layer PCBs [2]. - According to Frost & Sullivan, Shenghong Technology holds the largest market share in the AI and high-performance computing PCB sector as of Q1 2025, with applications in AI computing cards, servers, data center switches, and general substrates [2]. Group 2: Stock Price Movement - The company's stock price peaked at 355 HKD on September 16, 2025, but has since experienced a decline, reaching 267.55 HKD by February 24, 2026, representing a nearly 20% drop [2]. - The decline is attributed to profit-taking by investors after a significant price increase of over 400% within a year, despite the company's fundamentals remaining stable [3]. Group 3: IPO Prospectus Expiration - The expiration of Shenghong Technology's IPO prospectus does not equate to a failed IPO or indicate the company's poor performance; it is a standard procedural outcome if the listing process is not completed within six months [4]. - The company may be strategically choosing to wait for a more favorable market window for its IPO, as current market sentiment may not yield the desired valuation [5]. Group 4: Future IPO Plans - Shenghong Technology has indicated that it is continuing its IPO process, having re-submitted its application documents to the Hong Kong Stock Exchange on February 24, 2026 [6]. - The company is expected to update its financial data to provide a more comprehensive view of its development to investors, which is a necessary step for moving forward with the IPO [5].

智通财经APP获悉，据港交所2月24日披露，胜宏科技(惠州)股份有限公司(简称：胜宏科技(300476.SZ))向港交所主板递交上市申请，摩根大通、中信建投国 际、广发证券为联席保荐人。该公司曾于2025年8月20日递交过上市申请。据招股书，以2024年及2025年上半年销售收入计，胜宏科技是全球领先的人工智 能及高性能计算印刷电路板("PCB")供货商，专注于高阶高密度互连("HDI")、高多层印刷电路板("MLPCB")的研发、生产和销售。 胜宏科技提供适用于各类应用的全品类产品系列。该公司已扩大在以下关键领域的市场占有率，包括人工智能与高性能计算、智能终端、汽车电子、网络通 信及医疗设备，并聚焦于支持人工智能计算(如GPU及CPU)的技术： 公司简介 招股书显示，根据弗若斯特沙利文的资料，以2025年上半年人工智能及高性能算力PCB收入规模计，胜宏科技的市场份额位居全球第一，于2024年，以同一 指标计，胜宏科技位居全球第七，市场份额为1.7%，核心应用涵盖 AI算力卡、服务器、AI服务器、数据中心交换机、通用基板等关键设备。 作为PCB行业技术引领者，胜宏科技具备生产100层以上高多层PCB制造能力， ...

智通财经APP获悉，据港交所2月24日披露，胜宏科技(惠州)股份有限公司(简称：胜宏科技(300476.SZ))向港交所主板递交上市申请，摩根大通、中信建投国 际、广发证券为联席保荐人。该公司曾于2025年8月20日递交过上市申请。据招股书，以2024年及2025年上半年销售收入计，胜宏科技是全球领先的人工智 能及高性能计算印刷电路板("PCB")供货商，专注于高阶高密度互连("HDI")、高多层印刷电路板("MLPCB")的研发、生产和销售。 公司简介 招股书显示，根据弗若斯特沙利文的资料，以2025年上半年人工智能及高性能算力PCB收入规模计，胜宏科技的市场份额位居全球第一，于2024年，以同一 指标计，胜宏科技位居全球第七，市场份额为1.7%，核心应用涵盖 AI算力卡、服务器、AI服务器、数据中心交换机、通用基板等关键设备。 作为PCB行业技术引领者，胜宏科技具备生产100层以上高多层PCB制造能力，是全球首批实现6阶24层HDI产品大规模生产，以及8阶28层HDI与16层任意互 联(Any-layer)HDI技术能力的企业。产品广泛应用于人工智能、新能源汽车、高速网络通信等高增长领域。 财务资料 胜宏 ...

股份有限公 ( 【繼臺】 佣金、0.0027％證監會交易徵費、 0.00565%聯交所交易費及0.00015% 會財局交易徵費(須於申請時以港元繳 足,多繳款項可予退還) 据港交所2月24日披露，胜宏科技（300476）(惠州)股份有限公司(简称：胜宏科技(300476.SZ)向港交所主版递交上市申请，摩根大通、中信建投（601066) 国际、广发证券为联席保荐人。该公司曾于2025年8月20日递交过上市申请。据招股书，以2024年及2025年上半年销售收入计，胜宏科技是全球领先的人工 智能及高性能计算印刷电路板("PCB")供货商，专注于高阶高密度互连("HDI")、高多层印刷电路板("MLPCB")的研发、生产和销售。 Victory Giant Technology (HuiZhou) Co., Ltd. [編纂]項下的[編纂]數目 「編纂]股H股(視乎[編纂]行使與否而定) : [編纂]數目 「編纂]股H股(可予重新分配) : [編纂]股H股(可予重新分配及視乎[編 「編纂]數目 : 纂]行使與否而定） 每股H股[編纂]港元,另加1.0%經紀 漫賞l繼續] : 每股H股人民幣1.00元 面值 : 【編 ...

智通财经APP获悉，据港交所2月24日披露，胜宏科技(惠州)股份有限公司(简称：淮宏科技(300476.SZ))向潜交所主板递交上市申请，摩根大通、中信建投国 际、广发证券为政席探荐人。该公司曾于2025年8月20日递交过上市申请。据招股书，以2024年及2025年上半年销售收入计，胜宏科技是全球领先的人工智 能及高性能计算印刷电路板("PCB")供货商，专注于高阶高密度互连("HDI")、高多层印刷电路板("MLPCB")的研发、生产和销售。 佣金、0.0027％ 證監會交易徵費、 0.00565% 聯交所交易費及0.00015% 會財局交易徵費(須於申請時以港元繳 足,多繳款項可予退還) 聯席保薦人 · [編纂] Victory ( Giant Technology (HuiZhou) Co., Ltd. 版 价 有 限 公 【經營】 每股H股人民幣1.00元 面值 : [編纂] [編纂] : [編纂]項下的[編纂]數目 「編纂]股H股(視乎[編纂]行使與否而定) : [編纂]數目 「編纂]股H股(可予重新分配) : [編纂]股H股(可予重新分配及視乎[編 「編纂]數目 : 纂]行使與否而定) 每股H股[ ...

据港交所文件： 胜宏科技(惠州)股份有限公司向港交所提交上市申请书。 ...

据港交所文件：胜宏科技(惠州)股份有限公司向港交所提交上市申请书。 ...

23 February 2026 | 12:38AM HKT Equity Research Victory Giant (300476.SZ): AI servers PCB in strong growth; Capacity expansion and diversification to better catch the rising demand; Buy We reiterate our positive view on Victory Giant's growth ahead where we expect net income to grow at 129% / 82% YoY in 2026E / 2027E driven by strong revenues growth and rising GM with AI servers PCB revenues contribution to up to 70% by 2027E (vs. 29% in 2025E). As we highlighted recently in Global PCB allocation breakdown, ...

证券代码：300476 证券简称：胜宏科技 公告编号：2026-014 胜宏科技（惠州）股份有限公司 关于变更签字注册会计师及质量控制复核合伙人的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 胜宏科技（惠州）股份有限公司（以下简称"公司"）于 2025 年 7 月 29 日召 开第五届董事会第七次会议，审议通过了《关于续聘立信会计师事务所（特殊普 通合伙）为公司 2025 年度审计机构的议案》，同意继续聘请立信会计师事务所 （以下简称"立信"）为公司 2025 年度审计机构。该议案已经公司 2025 年第四 次临时股东会审议通过。具体内容详见公司于 2025 年 7 月 30 日在中国证监会指 定的创业板信息披露网站（巨潮资讯网 http://www.cninfo.com.cn）上披露的《关 于续聘会计师事务所的公告》（公告编号：2025-087）。 近日，公司收到立信出具的《关于复核合伙人及签字注册会计师变更的告知 函》，现将有关事项公告如下： 二、本次变更人员的基本信息 徐聃女士 2001 年成为中国注册会计师，自 2004 年起开始从事上市公司审计 ...

Core Insights - The report highlights the structural expansion of the rubidium and cesium market driven by the increasing penetration of perovskite solar cells and the development of space photovoltaics [7][12][13] Industry Overview - Perovskite solar cells (PSCs) are identified as a new type of solar cell with advantages such as low cost, high efficiency, lightweight, and flexibility compared to traditional silicon cells [7] - The report predicts that the penetration rate of perovskite solar cells in the photovoltaic market will rise significantly, from 1.3% in 2025 to 30% by 2030, driven by their cost-effectiveness and efficiency [9][12] Market Dynamics - The demand for rubidium and cesium is expected to grow substantially, with a projected CAGR of 115% from 2025 to 2030, as the perovskite battery market expands [12][16] - The report estimates that global demand for rubidium will increase from 37 tons in 2025 to 1696 tons by 2030, correlating with the anticipated growth in perovskite solar cell production [12][16] Technological Advancements - The stability of perovskite solar cells is a key challenge, but the addition of rubidium and cesium is expected to enhance their performance and longevity [8] - Flexible perovskite solar cells are anticipated to find applications in various fields, including building-integrated photovoltaics (BIPV), wearable devices, and automotive power generation [10][11] Future Outlook - The report suggests that the period from 2026 to 2027 will be crucial for the industrialization and validation of perovskite solar cells, with significant advancements expected in their application in space photovoltaics [13][14] - The integration of perovskite solar cells in space applications is projected to drive demand for rubidium significantly, with estimates indicating a potential need for 220 tons by 2030 due to space solar power initiatives [15][16]