印制板行业竞争激烈，本次增资可以帮助汕头超声印制板公司更新设备、引进技术和人才，从而提高产 品质量和生产效率，增强市场竞争力。例如，随着AI服务器、5G基站等领域的快速发展，对高阶HDI 板的需求不断增加，增资可以使公司更好地满足市场需求。 格隆汇9月29日丨超声电子(000823.SZ)公布，汕头超声印制板公司是本公司控股子公司，为中外合资企 业，1985年3月成立，原注册资本2250万美元，本公司控股75％，外方香港汕华发展有限公司参股 25%。根据汕头超声印制板公司的未来发展需要及财务状况，本次对汕头超声印制板公司增资600万美 元，本公司出资75%，计450万美元；香港汕华发展有限公司出资25%，计150万美元。增资后，汕头超 声印制板公司注册资本增至2850万美元。 ...

Core Viewpoint - 博迁新材 has signed a strategic cooperation agreement with Company X, projecting sales of 5420 to 6495 tons of nickel powder from August 2025 to December 2029, with estimated sales revenue of approximately 43 to 50 billion yuan [1] Company Summary - 博迁新材 was established in November 2010 and went public in December 2020, focusing on the R&D, production, and sales of high-end metal powder materials for electronics [1] - The company’s main products include nano and sub-micron nickel powder, copper powder, and silver powder, with nickel powder primarily used in the production of MLCCs and applications in consumer electronics and automotive electronics [1] Financial Performance - In 2024, 博迁新材 achieved operating revenue of 945 million yuan, a year-on-year increase of 37.22%, and a net profit attributable to shareholders of 87.48 million yuan, marking a return to profitability [1] - Nickel-based product revenue in 2024 was 685 million yuan, up 36.85%, with a gross margin increase of 6 percentage points to 24.36% [2] - Copper-based product revenue grew by 56.35% to 122 million yuan, with a gross margin increase of 3.53 percentage points to 18.63% [2] - Export revenue reached 574 million yuan in 2024, a 50.27% increase, with a gross margin of 30.26% [2] - Domestic sales revenue was 284 million yuan, up 26.35% [2] - In the first half of 2025, 博迁新材 reported operating revenue of 519 million yuan, an 18.30% year-on-year increase, and a net profit of 106 million yuan, a significant growth of 93.34% [2] Industry Insights - The performance of 博迁新材 is closely linked to the demand for MLCCs, with the MLCC industry entering a new growth cycle after hitting bottom in 2023 [3] - The global MLCC market is projected to grow by 7% year-on-year to 104.2 billion yuan in 2024, with expectations to reach 112 billion yuan in 2025 [3] - 博迁新材 is expected to benefit from the domestic substitution trend in high-end nickel powder, supported by its advantages in PVD technology and increasing shipment ratios of 80nm products [3]

Group 1 - The A-share market saw a strong performance in the non-ferrous metal sector on September 29, with several stocks hitting the daily limit, including Boqian New Materials and Vanadium Titanium Co., which both reached a 10% increase [1][2] - The overall market showed positive momentum, with the Shanghai Composite Index rising by 0.13%, the Shenzhen Component Index by 1.11%, and the ChiNext Index by 1.77% [2] - The trading volume in the Shanghai and Shenzhen markets was 12.937 trillion yuan, a decrease of 880 billion yuan compared to the previous day, with over 3,000 stocks in the market experiencing gains [2] Group 2 - Boqian New Materials (stock code: 605376) is a leading global supplier of high-end metal powder materials, focusing on the research, production, and sales of nano and sub-micron nickel and copper powders [4] - Nickel powder is a core product for Boqian, playing a crucial role in the internal electrode materials of MLCCs (Multi-layer Ceramic Capacitors), with significant demand driven by the electronics and automotive sectors [4] - The company has a strategic cooperation agreement with Company X to supply between 5,420 tons and 6,495 tons of nickel powder from August 2025 to December 2029, estimated to be worth between 4.3 billion yuan and 5 billion yuan at current prices [4]

Core Viewpoint - The company is expanding its presence in the AI server market by introducing new products that enhance its competitiveness in high-performance server applications [1] Group 1: Company Applications in AI Servers - The company has developed products that cover key areas in AI servers, including power systems, signal links, management interfaces, and hot-swappable protection [1] - In the first half of 2025, the company plans to accelerate its entry into the critical area of AI server power supply, with new mass production of operational amplifiers, comparators, drivers, auxiliary power supplies, current detection, and DC-DC converters [1] - The introduction of these products significantly strengthens the company's competitive position in the high-performance server market [1]

当前，AI服务器作为人工智能发展的核心基础设施，其应用边界正实现从集中式模型训练向全行业深度落地的跨越式拓展，持续为千行百业 的智能化转型注入强劲动力。然而，当英伟达B300GPU的整机功耗突破2000W大关，当单台AI服务器集群需要承载每秒10^18次浮点运算的超 高负荷，电力系统的稳定性已成为制约算力充分释放的核心瓶颈。在这一背景下，MLCC、电感等被动元器件虽体积微小，却凭借其不可替 代的功能，成为支撑AI算力稳定运行的基石级元件。 那么掘金AI服务器，本土被动元器件厂商——三环集团、顺络电子、风华高科、麦捷科技、火炬电子、宏达电子、泰晶科技、达利凯普等多 家A股上市公司的研发能力和实际进展如何？ 三环集团/顺络电子研发投入领先 从研发人员数量来看，三环集团研发人员数量稳居第一达1877人，顺络电子研发人员数量位居第二达1354人，风华高科研发人员数量位居第 三达1336人，麦捷科技研发人员数量为568人，宏达电子研发人员数量为336人，火炬电子研发人员数量为296人，泰晶科技研发人员数量为 227人，达利凯普研发人员数量为46人。 多家厂商已打开AI服务器市场 在持续研发投入的加持下，三环集团、顺络电 ...

崇达技术（002815.SZ）9月26日在投资者互动平台表示，普诺威与歌尔股份、立讯精密的合作持续深 化，向其供应MEMS类载板，主要应用于智能手机、TWS耳机、可穿戴设备等领域。其他信息请以公 司指定媒体披露信息为准。 （记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：客户拓展：进入头部企业供应链 普诺威2025年成功进 入华为海思、立讯精密、歌尔微电子等头部客户的供应链，其先进封装基板产品已应用于智能手机、智 能手表、5G基站等终端设备。例如，普诺威为华为海思提供的25/25微米IC载板（用于AI服务器），已 实现批量供货，成为其2025年的重要收入来源。 请问普诺威是真的进入立讯精密歌尔股份供应链 吗？？今年业绩会有大增长吗？？ ...

Core Viewpoint - The report from Huazhong Securities indicates that Sanhuan Group achieved a net profit attributable to shareholders of 1.24 billion yuan in the first half of the year, representing a year-on-year growth of 20.6% [1] Financial Performance - In Q2 2025, the company recorded a net profit attributable to shareholders of 700 million yuan, which is an 18.9% year-on-year increase and a 32.3% quarter-on-quarter growth [1] - The company's performance reflects steady growth, primarily driven by the strong performance of its MLCC product line and increasing market recognition [1] Business Segments - The growth in sales of ceramic inserts and related products is attributed to the accelerated construction of global data centers and AI servers, leading to increased demand in the optical communication market [1] - The company has also made progress in the bioceramics sector, achieving stable mass production of ceramic heads and liners for hip joint prostheses [1] Investment Rating - The report maintains a "Buy" rating for the company, reflecting confidence in its growth prospects [1]

Group 1: Order and Production Status - The company currently has a full order book, with the third quarter being a traditional peak season and maintaining a high capacity utilization rate [2] - AI server-related orders are robust, and the business is experiencing rapid growth [3] Group 2: AI Server Product Applications - The company focuses on small size, high precision, and high power density technology advantages for AI server applications, providing a complete set of product solutions from primary to tertiary power supplies [3] - The company customizes various supporting products for AI server applications based on its strong design capabilities and high reliability [3] Group 3: Automotive Electronics - Automotive electronics is a key strategic development area, with products covering electric drive systems, intelligent driving, and smart cockpit applications [4] - The product line includes various transformers, power inductors, and ceramic products, which have gained recognition from major industry clients [4] Group 4: Tantalum Capacitor Products - The company has developed a new series of tantalum capacitors suitable for communications, consumer electronics, data centers, and automotive electronics, meeting high-temperature and high-voltage stability requirements [4] - The tantalum capacitor products are expected to continue to grow positively in the future [4] Group 5: Gross Margin Performance - The company has maintained a competitive average gross margin since its listing, driven by continuous R&D investment and management innovation [5] - Increased orders and improved capacity utilization have significantly supported stable and high-quality gross margin levels [5] - The company is transitioning from a "product provider" to a "value creator," which is expected to keep gross margin levels stable [5] Group 6: Overseas Client Expansion - The company has established long-term cooperative relationships with major global clients and is actively expanding overseas markets in mobile communications, automotive electronics, and AI servers [5] Group 7: Capital Expenditure Planning - The company operates in a capital-intensive industry with ongoing expansion needs and high funding requirements [5] - R&D investment remains a priority, with a long-term growth trend in R&D spending [5] - Future capital expenditures will focus on industrial park infrastructure, with a slowdown expected as recent projects are completed [5]

每经AI快讯，有投资者在投资者互动平台提问：公司现在是否拥有液冷板带相变均导层的相关产品和 技术，是否应用于AI服务器？ 毅昌科技（002420.SZ）9月24日在投资者互动平台表示，公司液冷板目前尚未应用到AI服务器上。公司 液冷板主要应用于储能、动力电池、整车控制器上。 （记者 张明双） ...

格隆汇9月24日丨思瑞浦(688536.SH)在互动平台表示，公司推出全新一代大电流同步降压转换器，专为 数据中心、AI服务器、交换机、工业PC及5G通信等高算力应用打造高效、稳定的电源解决方案。产品 体积小巧，兼具高效率、高稳定性、低纹波和优异散热表现，性能优于欧美竞品。 根据TrendForce数 据，全球服务器市场规模已由2020年的910亿美元增长至2024年的1830亿美元，预计到2030年将突破 4000亿美元。随着AI服务器、数据中心和光模块的快速崛起，对大电流高效电源的需求持续上升。思 瑞浦新一代DCDC产品的推出，不仅展现了公司在高功率密度电源芯片领域的自主可控实力，也为进一 步布局通信与高算力市场提供了有力支撑。 ...