智通财经6月19日电，PCB概念近期反复活跃，逸豪新材、中京电子2连板，天山电子、科翔股份、则成 电子、骏亚科技等跟涨。消息面上，国金证券表示，英伟达GB200/300积极拉货，2025、2026年ASIC迎 来爆发式增长，目前多家AI- PCB公司订单强劲，满产满销，正在大力扩产，二、三季度业绩高增长有 望持续，看好核心受益公司。 PCB概念反复活跃 逸豪新材2连板 ...

答：厂房四项目按计划有序推进中，预计6月中旬开 始正式投产，新建厂房投产初期的产线磨合和产能产量逐 步释放是行业的必经过程，公司对后续的生产经营及效益 实现充满信心。 3、公司订单情况？ 答：目前公司在手订单饱满，业务进展顺利，订单生 产和交付均在正常履行中。 4、公司为什么能做到这么好的良率水平？ 公司依托数字工厂与智慧化品控体系，贯通"研发-生 产-追溯"全链路，技术水平处于行业领先地位。凭借领先 的研发技术优势、制造技术优势和品质技术优势，深度参 与国际头部大客户新产品预研，从产品规划到技术能力提 升，再到扩产计划，全程跟踪服务客户，已形成较强的技 术壁垒与客户粘性，市场竞争力强劲，构建了深厚的护城 河。 2、厂房四的建设投产情况？ 证券代码：300476 证券简称：胜宏科技 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 ☐业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | 现场参观 | | | ☐其他 摩根士丹利、盘京投资、国盛证券、粤民投、铭海基金、 | | 参与单位名称及人员姓名 | 榕湖投资、歌汝投资、巨子投资、富安达投 ...

V i e w p o i n t | 11 Jun 2025 00:24:17 ET │ 13 pages China PCB May Monthly Tracker, Investor Feedback and Our Thoughts CITI'S TAKE Our May monthly tracker indicates that: (1) Taiwan PCB makers posted 15th month of consecutive YoY growth, bringing YTD revenue growth to 20%. (2) On the cost side, Taiwan CCL makers' revenue reported a consecutive 22nd month YoY rise in May and YTD revenue grew by 43% YoY. Meanwhile, copper price rose, epoxy resin mid-price down and E-fabric price flat in May. We believe cont ...

证券代码：600601 证券简称：方正科技 公告编号：临 2025-028 方正科技集团股份有限公司 关于 2025 年度向特定对象发行 A 股股票摊薄即期 回报、采取填补措施及相关主体承诺的公告 （一）主要假设前提 有发生重大变化。 仅用于计算本次发行摊薄即期回报对公司主要指标的影响，不构成对本次发行实 际完成时间的判断或承诺，最终发行完成以上海证券交易所审核通过且经中国证 监会同意注册后实际发行完成时间为准。 设本次向特定对象发行股票的发行数量为 1,251,087,986 股，假设本次发行募集 资金总额为 198,000 万元（不考虑发行费用），不考虑其他因素导致股本发生变 化的情况。 性损益后归属于母公司股东的净利润为 21,019.41 万元。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 方正科技集团股份有限公司（以下简称"方正科技"或"公司"）于 2025 年 6 月 10 日召开第十三届董事会 2025 年第三次会议和第十三届监事会 2025 年 第三次会议，审议通过了公司关于 2025 年度向特定对象发行 ...

证券代码：600601 证券简称：方正科技 方正科技集团股份有限公司 募集资金使用的可行性分析报告 二〇二五年六月 方正科技集团股份有限公司 可行性分析报告 方正科技集团股份有限公司（以下简称"公司"或"方正科技"）为满足公 司主营业务发展的资金需求，增强公司资本实力，提升核心竞争力，公司拟向特 定对象发行 A 股股票并募集资金。根据《中华人民共和国公司法》、《中华人 民共和国证券法》、《上市公司证券发行注册管理办法》等相关法律法规或规范 性文件和《公司章程》的规定，公司编制了《2025 年度向特定对象发行 A 股股 票募集资金使用的可行性分析报告》。 如无特别说明，相关用语具有与《方正科技集团股份有限公司 2025 年度向 特定对象发行 A 股股票预案》中的释义相同的含义。 一、本次募集资金使用计划 公司本次向特定对象发行 A 股股票募集资金总额不超过 198,000.00 万元（含 本数），扣除发行费用后募集资金净额的使用计划如下： 类别 内容 单位：万元 序号 项目名称 项目投资总额 募集资金拟投入金额 人工智能及算力类高密度互连电路板产 业基地项目 合计 213,113.81 198,000.00 在 ...

②"蜂群战术"催生反无人机需求，分析师看好看好兼具安全与基建属性的反无人机市场将 快速增长，有望成为多模态智能融合驱动的低空安防新范式。 ①增速快、估值低的p c b领域小市值"遗珠"，公司在AIPC和AI服务器领域均有深入布 局，客户覆盖华为、比亚迪等，已有海外工厂布局； ...

②"蜂群战术"催生反无人机需求，分析师看好看好兼具安全与基建属性的反无人机市场将 快速增长，有望成为多模态智能融合驱动的低空安防新范式。 ①增速快、估值低的p c b领域小市值"遗珠"，公司在AIPC和AI服务器领域均有深入布 局，客户覆盖华为、比亚迪等，已有海外工厂布局； ...

Investment Rating - The investment rating for Shennan Circuits is "Buy" with a 12-month target price of Rmb152, indicating a potential upside of 40% from the current price of Rmb108.6 [9][12]. Core Insights - Shennan Circuits is positioned as a key supplier in the high-end PCB market in China, benefiting from domestic AI infrastructure investments, which are expected to drive robust revenue and net profit growth [9]. - The company is experiencing a strong demand for AI-related products, with overall PCB capacity utilization exceeding 90% and AI-related capacity running at full production [3][9]. - The ABF business is in the early ramp-up stage, with expectations of narrowing losses in 2025 due to cost control and increased revenue [4][9]. Summary by Sections Raw Material Costs - Raw material costs, particularly for gold and copper-related materials, are on the rise, prompting Shennan to negotiate prices with suppliers. Gold-related materials account for less than 10% of total procurement [2][9]. - Management plans to pass some of the cost increases to customers due to high overall demand and utilization levels [2]. PCB Outlook - The demand for PCBs is robust, driven by local AI needs, including AI accelerators and high-speed optical transceivers. This demand is expected to improve the product mix and gross margin outlook into 2Q~3Q25 [3][9]. ABF Business Status - The Guangzhou ABF plant reported a pre-tax loss of Rmb550 million in 2024, but management anticipates a reduction in losses for 2025, projecting revenues of over Rmb100 million [4][9]. - Monthly depreciation costs are expected to remain below Rmb30 million, with current costs at Rmb25 million [6][9]. Financial Projections - Revenue projections show a growth trajectory from Rmb17,907 million in 2024 to Rmb26,694 million by 2027, with net income expected to rise from Rmb1,879 million in 2024 to Rmb4,014 million in 2027 [7][12].

Core Viewpoint - Eltek Ltd. reported a revenue increase of approximately 8% year-over-year for Q1 2025, driven by strong demand for its printed circuit board products, despite facing challenges with gross margins due to rising labor costs and new production equipment integration [2][4]. Financial Performance - Revenues for Q1 2025 were $12.8 million, up from $11.8 million in Q1 2024, and 18.5% higher than Q4 2024 [2][5]. - Net income for Q1 2025 was $1.0 million, or $0.15 per fully diluted share, compared to $1.7 million, or $0.27 per fully diluted share in Q1 2024 [6][9]. - Gross profit for Q1 2025 was $2.2 million, representing a gross margin of 17%, down from $3.3 million and 28% in Q1 2024 [5][6]. - Operating profit for Q1 2025 was $0.7 million, compared to $1.7 million in Q1 2024 [5][9]. - EBITDA for Q1 2025 was $1.2 million, or 9% of revenues, down from $2.1 million, or 18% of revenues in Q1 2024 [7]. Cash Position - As of March 31, 2025, cash and short-term bank deposits totaled $15.7 million, with no outstanding debt [6]. Future Outlook - The company plans to complete its accelerated investment program by mid-2026 and is preparing for the integration of new production lines [3]. - Eltek anticipates that its efforts to expand commercial sales will yield positive results throughout 2025 and beyond [4]. Company Overview - Eltek Ltd. specializes in the manufacture of technologically advanced printed circuit boards (PCBs) and serves high-end markets, including defense, aerospace, and medical industries [11]. - The company is ITAR compliant and holds AS-9100 and NADCAP Electronics certifications, indicating its commitment to quality and regulatory standards [11].

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with TTM Technologies (TTMI) currently highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - TTM Technologies has a historical EPS growth rate of 21.3%, with projected EPS growth of 27.1% for the current year, significantly outperforming the industry average of 14.3% [5]. Group 2: Asset Utilization - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.74, indicating it generates $0.74 in sales for every dollar in assets, which is higher than the industry average of 0.73 [6]. Group 3: Sales Growth - TTM's sales are expected to grow by 8.5% this year, contrasting with the industry average of 0%, showcasing its strong sales growth potential [7]. Group 4: Earnings Estimate Revisions - There has been an upward revision in current-year earnings estimates for TTM, with the Zacks Consensus Estimate increasing by 8.3% over the past month, indicating positive momentum [9]. Group 5: Overall Assessment - TTM has achieved a Growth Score of B and a Zacks Rank of 1 (Strong Buy), suggesting it is a potential outperformer and a solid choice for growth investors [10][11].