证券日报网讯崇达技术（002815）9月5日在互动平台回答投资者提问时表示，算力领域，公司目前的高 多层PCB产品主要服务于服务器、超级计算机、存储设备及GPU等应用。 ...

Group 1 - The core viewpoint of the article highlights that Chongda Technology (002815.SZ) is actively engaged in the computing power sector, focusing on high multi-layer PCB products [1] - The company's high multi-layer PCB products primarily serve applications in servers, supercomputers, storage devices, and GPUs [1]

Core Viewpoint - The company has successfully entered mass production for its AI glasses products for major overseas clients and has achieved significant milestones in the AI server and PCB sectors [1] Group 1: AI Glasses and Production - The company's AI glasses products have entered mass production for targeted projects with leading overseas clients [1] Group 2: AI Server and PCB Developments - The company has achieved mass production of 28-layer AI server circuit boards, 24-layer ultra-low loss servers, and 5G communication PCBs [1] - The company has entered the high-speed connector and power module sectors through ODM manufacturers [1] - The company has completed certification for all AMD products and is supplying products to major computing center clients in Europe [1] Group 3: Robotics Collaboration - In the first half of 2025, the company is preparing for mass production of new products for humanoid robot client F, following design freeze and project targeting [1] - The company is actively advancing collaborations with leading domestic humanoid robot clients to secure new generation humanoid robot project targeting through client certification [1]

Core Viewpoint - Chongda Technology (002815) emphasizes its strong capabilities in high-layer PCB technology for AI servers and maintains good cooperation with renowned international clients like Amphenol [1] Group 1 - The company has advanced technology in high-layer PCBs, particularly for AI servers [1] - Chongda Technology is focused on the high-end market to enhance its core competitiveness [1] - Specific client and product applications are not disclosed due to commercial sensitivity [1]

Group 1 - The company Chongda Technology (002815.SZ) is currently in the sample testing phase for its 800G optical module PCB, which requires multiple rounds of rigorous testing and certification, leading to a lengthy verification cycle [1] - Specific details regarding customers and project progress cannot be disclosed due to adherence to confidentiality agreements [1]

Summary of the Conference Call on the PCB Industry Industry Overview - The PCB industry is experiencing a demand upgrade driven by AI technology, leading to a shift towards high-layer and HDI (High-Density Interconnect) boards, which require advanced drilling techniques such as laser drilling for micro-blind holes and mechanical drilling for through-holes [1][8] - The global PCB market value remains stable at approximately $70-80 billion, with multilayer boards accounting for 40% of this value, while the share of HDI boards is rapidly increasing [1][5] - China is the dominant player in new capacity expansion, benefiting domestic equipment manufacturers the most [1][5] Key Market Trends - The fastest-growing application for PCBs is in AI servers, projected to grow over 30% globally in 2024, with a market size exceeding $10 billion [1][6] - AI servers require more layers (over 20 layers), leading to increased prices and processing difficulties, which in turn raises the demand for advanced PCB technologies [1][7] - The PCB production process involves critical steps such as drilling, plating, etching, lamination, and forming, with drilling equipment representing the highest value segment at approximately 20% [1][10] Equipment and Technology Insights - The drilling equipment market is valued at around 10 billion RMB, with a significant share held by China, reflecting its importance in the sector [13] - The market for drilling needles is also experiencing growth, with the market share of DingTai High-Tech increasing from 19% in 2020 to 30% in 2025, driven by increased PCB material consumption and enhanced value from AI [14] - The electroplating segment is crucial for ensuring conductivity between layers, with the global market size estimated at 5-6 billion RMB, and China accounting for 80% of this market [15] Market Opportunities and Challenges - The exposure equipment market in China is relatively small, with a size of approximately $556 million, indicating significant room for replacement and growth [16] - PCB testing equipment, including optical and functional testing, represents about 10% of the global market, with a domestic market size nearing $500 million, suggesting further potential for market expansion [17] Notable Companies in the Industry - Key players in the PCB industry include: - Dazhu CNC in the drilling segment - DingTai High-Tech and Zhongtung High-Tech in the drilling needle market - New Flag Microelectronics in exposure equipment - Dongwei Technology in electroplating equipment - Emerging companies like Dier Laser are also expanding their presence in related fields, with reasonable valuations and potential for growth as downstream demand increases [18]

Core Viewpoint - Chongda Technology (002815.SZ) has demonstrated its capability in producing HDI samples of 5 layers and above, as well as PTFE substrate PCB technology, and can mass-produce 40-layer high multilayer boards [1] Group 1 - The company is committed to keeping pace with cutting-edge technology research and development to meet the demands of the high-end market [1] - Specific customers and projects are not disclosed due to commercial sensitivity [1]

Core Viewpoint - The company, Chongda Technology, has confirmed that its PCB products are applicable in various sectors including commercial aerospace, data centers, servers, and robotics [2]. Group 1: Product Applications - The company's PCB products can be utilized in commercial aerospace for components such as wing control devices [2]. - In the data center and server sector, the company supplies products to major clients like H3C [2]. - The robotics field is also a target market, with applications in robots from companies like Midea KUKA and ABB [2].

Summary of PCB Industry and Company Insights Industry Overview - The PCB industry is experiencing a significant surge in demand driven by AI applications, with expectations for this trend to continue until at least 2026 [2][14] - High-end PCBs are benefiting from material and structural upgrades, with layer counts increasing to over 24 layers and hole density rising, leading to a growth in the value of drilling equipment [1][3] Key Points on High-End PCB Products - High-end PCB materials are evolving from M5/M6 to M7/M8, with M8 already in mass production and M9 still in testing [1][5] - The increase in PCB thickness has led to the emergence of new drilling techniques such as segmented drilling and back drilling, which consume more drill bits and may require layered processing [12] - The value of high-end AI machinery is 20%-100% higher than that of standard machinery, with potential value growth of four to five times [12] Impact of New Technologies - New technologies are catalyzing the development of high-end PCBs, particularly in drilling, exposure, detection, and plating processes, with equipment value potentially increasing by up to four times [3][13] - The penetration rate of laser drilling is expected to continue rising, with CO2 and UV laser types being utilized for different applications [7][10] - The future of laser drilling technology is moving towards ultra-fast lasers, which offer significant improvements in precision, quality, and efficiency [10] Company Performance and Recommendations - Companies such as DingTai, Dazhong CNC, and Kaige Precision are performing exceptionally well due to the increased demand for AI-related high-end equipment, with notable improvements in gross margins and performance [3][15] - Dazhong CNC reported a doubling of its performance in Q2 2025, driven by the increased share of high-end machinery [15] - Other companies like New Flag Microelectronics and Dongwei Technology are also showing promising results, although their performance release may vary due to equipment delivery timelines [16] Future Trends in the PCB Industry - The PCB industry is expected to continue evolving with a focus on the increasing share of new technologies, particularly in laser drilling [17] - Recommended companies for investment include Dazhong CNC, New Flag, DingTai, and Dongwei, along with emerging players benefiting from new technologies such as Di'er and Inno Laser [17]

Market Performance - The main board led the gains with notable increases in stocks such as Guoan Co. (+10.07%), Tongfu Microelectronics (+10.01%), and Jianghai Co. (+10.01%) [1] - The ChiNext board saw significant growth with Tongda Sea (+20.01%) and Jiebang Technology (+20.00%) leading the way [1] - The Sci-Tech Innovation board was led by Aerospace Hongtu (+17.94%) and Kaipu Cloud (+16.52%) [1] - Active sub-industries included SW Printed Circuit Boards (+3.54%) and SW Integrated Circuit Packaging and Testing (+1.73%) [1] Domestic News - A research team from Peking University and Hong Kong City University proposed a concept for a "Universal Photonic Fusion Wireless Transceiver Engine," successfully developing a chip for high-speed wireless communication with a coverage range exceeding 110 GHz [1] - TSMC is set to begin construction of a new 1.4nm advanced process wafer plant in Taiwan, with an estimated total investment of NT$1.2 trillion to NT$1.5 trillion (approximately $39.2 billion to $49 billion) [1] - GalaxyCore launched a high-performance 5MP image sensor GC5605 designed for AI PC applications, enhancing video quality for scenarios like video conferencing [1] - Tailin Micro announced plans to acquire 100% of Shanghai Panqi Microelectronics to expand its low-power IoT wireless connection platform [1] Company Announcements - Howey Group reported a total revenue of 13.956 billion yuan for H1 2025, a year-on-year increase of 15.42%, with a net profit of 2.028 billion yuan, up 48.34% [2] - Dingjie Smart reported total revenue of 1.045 billion yuan for H1 2025, a 4.08% increase, with a net profit of 45 million yuan, up 6.09% [2] - Lingyi Technology reported total revenue of 23.625 billion yuan for H1 2025, a 23.35% increase, with a net profit of 930 million yuan, up 35.94% [2] - Kaisheng Technology reported total revenue of 2.765 billion yuan for H1 2025, a 24.7% increase, with a net profit of 52 million yuan, up 23.7% [2] Overseas News - Dell Technologies reported $5.6 billion in AI server orders for Q2, a significant drop from $12.1 billion in the previous quarter, with AI server shipments totaling $8.2 billion [2] - The U.S. Department of Commerce announced the revocation of export exemptions for Intel Semiconductor (Dalian), Samsung China Semiconductor, and SK Hynix Semiconductor (China) [2] - Research from Stanford University indicated a 13% decline in employment rates for workers aged 22 to 25 in AI-affected occupations since 2022, with software development and customer service being the most impacted [2] - Intel announced modifications to its funding agreement with the U.S. Department of Commerce, allowing it to access approximately $5.7 billion in cash earlier than planned [2]