证券日报网讯一博科技（301366）11月25日在互动平台回答投资者提问时表示，公司目前专注于为客户 提供高速PCB研发设计服务和PCB、PCBA研发打样、中小批量制造服务，致力于打造PCB设计、制 板、元器件供应、PCBA焊接组装、性能测试等一站式硬件创新平台，满足多元化的客户需求。公司目 前以技术服务和技术营销为主。 ...

Core Viewpoint - The company has established a partnership with Google, focusing on providing high-speed PCB design services and related manufacturing solutions [2]. Group 1: Company Operations - The company specializes in high-speed PCB research and design services, as well as PCB and PCBA prototyping and small-batch manufacturing services [2]. - The company serves a diverse customer base, indicating that the impact of any single client on overall performance is minimal [2].

格隆汇11月25日丨一博科技(301366.SZ)在投资者互动平台表示，公司目前专注于为客户提供高速PCB研 发设计服务和PCB、PCBA研发打样、中小批量制造服务，与谷歌已建立合作关系。公司每年服务的客 户群体众多，单一客户对公司总体业绩的影响较小，具体的合作情况请查询公司已披露的相关信息。 ...

（文/罗叶馨梅）11月21日，鸿海董事长刘扬伟在接受采访时表示，公司未来每年将向AI相关领域投入20亿至30亿美元。他透露，未来三至五年用于AI基础 建设与技术开发的资金，将占鸿海每年约50亿美元资本支出的一半以上，显示公司正将资本开支重点加速向AI产业链倾斜。 业内人士称，作为全球重要的电子制造服务与服务器代工企业，鸿海在服务器整机设计、供应链管理以及大规模制造方面具备较强协同优势，有能力将高强 度资本投入迅速转化为产能与交付能力。伴随大模型训练和推理需求扩张，全球云服务商和企业级客户对高性能AI服务器的需求持续增加，为鸿海相关业 务提供了广阔市场空间。 分析人士认为，鸿海连续多年大手笔投资AI基础设施与技术开发，一方面有望进一步提升其在全球AI服务器供应链中的话语权，另一方面也意味着公司业 务结构将加速从传统消费电子代工向"AI+云"方向升级。在这一过程中，资本开支执行节奏、主要客户订单落地情况及AI相关业务的盈利表现，将成为资本 市场评估鸿海转型成效的关键指标。 （校对/秋贤） 刘扬伟指出，上述投入将主要用于数据中心基础设施、AI服务器平台、网络设备以及相关技术研发，包括服务器系统设计、散热与能效优化等 ...

鸿海精密工业股份有限公司（Hon Hai Precision Industry Co.）计划初始投入 10 亿至 50 亿美元，扩大其 在美国的制造业务规模，此次扩张旨在满足英伟达（Nvidia Corp.）与 OpenAI 等人工智能领域领军企业 的巨大需求。鸿海于周五宣布，已与 OpenAI 就服务器设计与生产达成广泛合作协议，目前该公司正重 点提升用于人工智能数据中心的服务器产能。鸿海董事长刘扬伟（Young Liu）周五在公司一场活动的 间隙透露，公司正聚焦美国市场，预计到 2026 年每周可组装多达 2000 个服务器机架，产能约为当前的 两倍。鸿海（又称富士康）有意巩固并提升其在人工智能硬件生态系统中的领先地位与市场份额，部分 原因是为了降低对苹果公司（Apple Inc.）iPhone 组装业务的依赖。这家中国台湾企业已通过运营软银 集团（SoftBank Group Corp.）旗下的一处服务器生产基地，成为 OpenAI "星门"（Stargate）项目的合作 伙伴。此次与 ChatGPT 研发方（OpenAI）宣布的合作表明，富士康渴望进一步拓展自身角色、提升行 业声誉，助力客户将自有设计 ...

Company Overview - The company is a global leader in the electronic manufacturing services (EMS) industry, consistently ranked among the top by MMI [1] - It focuses on providing comprehensive electronic product manufacturing services, including R&D, process design, production, supply chain management, logistics, and sales [1] - The development strategy is centered around three main business areas: storage semiconductors, high-end manufacturing, and intelligent metering terminals [1] Storage Testing and Packaging - The company is a leading domestic player in high-end storage chip testing and packaging, with a skilled R&D and engineering team [2] - It possesses advanced multi-layer stacking packaging technology and testing capabilities [2] - Future plans include optimizing the product matrix and business model while expanding into emerging business areas to maintain technological leadership in the storage industry [2] High-End Manufacturing Strategy - The company prioritizes high-barrier, high-value-added businesses and is focused on digital transformation [2] - Core drivers include smart manufacturing, digital operations, and intelligent supply chains [2] - The goal is to enhance the systematic and flexible capabilities of high-end manufacturing, transitioning from "Made in China" to "Created in China" [2] Metering Business Development - The metering business will continue to expand in the domestic market to increase market share [2] - Since 2022, the company has secured multiple domestic orders, including a significant project with the State Grid worth over RMB 127 million in the first half of 2025 [2] - The company aims to leverage its extensive experience in international markets to enhance its domestic market presence, particularly in smart meter reliability and safety [2] Compliance and Information Disclosure - The company adheres strictly to information disclosure regulations, ensuring the accuracy and completeness of disclosed information [2] - There have been no incidents of significant undisclosed information leaks during the investor relations activity [2]

格隆汇11月18日丨光弘科技(300735.SZ)在互动平台表示，公司是专业的EMS（电子制造服务）企业， 并未直接从事PCB的生产制造。PCB是公司业务不可或缺的原材料，将作为电子产品基石的PCB和各类 电子元件通过SMT技术贴装结合是公司业务最重要的组成部分。 ...

格隆汇11月18日丨光弘科技(300735.SZ)在互动平台表示，公司是专业的EMS（电子制造服务）企业， 并未直接从事PCB的生产制造。PCB是公司业务不可或缺的原材料，将作为电子产品基石的PCB和各类 电子元件通过SMT技术贴装结合是公司业务最重要的组成部分。 ...

Financial Data and Key Metrics Changes - Net sales for Q1 fiscal 2026 were $366 million, a 2% decline compared to Q1 fiscal 2025 [5][10] - Gross margin rate improved to 7.9%, a 160 basis point increase from 6.3% in the same period last year [10] - Adjusted income for Q1 was $17.5 million, or 4.8% of net sales, compared to $12.6 million, or 3.4% of net sales last year [11][12] - Adjusted net income was $12.3 million, or $0.49 per diluted share, up from $5.5 million, or $0.22 per diluted share last year [12][13] - Cash and cash equivalents at the end of Q1 were $75.7 million, with cash generated from operations at $8.1 million [13][15] Business Line Data and Key Metrics Changes - Medical sales were $102 million, up 13% year-over-year, accounting for 28% of total revenue [5][6] - Automotive sales were $164 million, down 10% year-over-year, representing 45% of total sales [7] - Industrial sales totaled $100 million, a 1% decrease compared to Q1 last year, making up 27% of total sales [7][8] Market Data and Key Metrics Changes - Medical sales growth was driven by strong performance in North America, Asia, and Europe [5][6] - Automotive sales decline was primarily due to lower sales in North America and Asia, partially offset by growth in Europe [7] - Industrial business saw a decline in North America due to softening demand for HVAC, while Asia reported strong sales growth [8] Company Strategy and Development Direction - The company aims to expand its capabilities in the medical sector, focusing on higher-level assemblies and finished medical devices [6][18] - A tuck-in acquisition strategy is being pursued to add new end markets and manufacturing capabilities [18] - The company is committed to returning to profitable growth, particularly in the medical space, while managing costs and improving margins [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to profitable top-line growth next year and reiterated guidance for fiscal 2026 [4][16] - The company is monitoring the evolving global tariff landscape and expects to recover tariff costs by passing them on to customers [8][9] - Management highlighted the importance of maintaining a strong balance sheet while preparing for growth [43][44] Other Important Information - Cash conversion days improved to 83 days, representing the lowest level in over three years [13][14] - Capital expenditures in Q1 were $10.6 million, primarily for leasehold improvements and the new facility in Indianapolis [15][16] - The company has $14.8 million remaining on its share repurchase program [15] Q&A Session Summary Question: Will working capital increase as top-line growth resumes? - Management does not expect a significant increase in working capital as they have improved inventory management [21][22] Question: Is the current cash conversion days level stable? - Management aims for cash conversion days to remain in the low 80s as the business grows [23] Question: What are the expectations for EBITDA margins? - Management does not expect a deterioration in EBITDA margins and anticipates improvements as growth resumes [24] Question: What is the focus for potential acquisitions in the medical segment? - The company is exploring acquisitions in the medical CMO space, focusing on new technologies and geographies [28] Question: How does the pipeline of medical projects look for revenue growth? - The company has a strong pipeline of medical projects and expects to close several as the year progresses [37][38] Question: What is the outlook for the automotive segment? - Management anticipates continued pressure in the automotive market but remains strategically focused on high-visibility revenue [41] Question: How is the company balancing organic growth and potential acquisitions? - Management is focused on disciplined capital allocation and will consider acquisitions that enhance their CMO strategy [43][44] Question: What impact does accelerated depreciation have on the company? - Accelerated depreciation is beneficial, particularly regarding interest expense deductions [46]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $681 million, representing a 6% sequential increase and a return to year-over-year growth [6][4] - Non-GAAP EPS was $0.62, at the high end of prior guidance [6][4] - Non-GAAP gross margin was 10.1%, down 10 basis points sequentially and year-over-year [7] - Non-GAAP operating margin increased to 4.8%, up 10 basis points sequentially [7] - Generated $25 million in free cash flow, totaling over $74 million in the last 12 months [5][9] Business Line Data and Key Metrics Changes - AC&C revenue increased by 18% quarter-over-quarter but decreased year-over-year [7] - Medical revenue rose 15% sequentially and 18% year-over-year [7] - Industrial revenue was up 8% quarter-over-quarter and 1% year-over-year [7] - A&D revenue increased by 2% quarter-over-quarter and 26% year-over-year [7] - Semicap revenue decreased by 3% quarter-over-quarter and 1% year-over-year [7] Market Data and Key Metrics Changes - Strong sequential growth was noted in medical and A&D sectors, with double-digit year-over-year growth in both [4] - Semicap faced softening demand due to increased restrictions in China and tariff changes [4] - The company anticipates continued growth in the fourth quarter across various sectors [4] Company Strategy and Development Direction - The company is focused on improving working capital management and inventory turns, achieving a record cash cycle quarter [5] - Investment in new facilities, such as the PT4 building in Malaysia, while maintaining a significant manufacturing footprint in the Americas [5] - The company aims to leverage its diversified portfolio across five high-value sectors to navigate market fluctuations [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to year-over-year growth and highlighted strong bookings momentum [17] - The company is optimistic about the second half of 2026 for Semicap demand recovery based on customer conversations [26] - Management noted minimal impact from government shutdowns on customer contracts [39] Other Important Information - The company has a cash balance of $286 million, with $149 million outstanding on its term loan [9] - Cash conversion cycle improved to 77 days, with inventory days down [9][48] - The company distributed $6 million in cash dividends and repurchased $10 million in stock during the quarter [9] Q&A Session Summary Question: High-performance compute comments and revenue timeline - Management discussed ongoing projects with top supercomputers and expected revenue from new solutions in 2026 [20][21] Question: Semicap demand timeline and machining capabilities - Management indicated optimism for Semicap demand recovery in the second half of 2026 based on customer feedback [25][26] Question: A&D space and subsector growth - Management highlighted strong performance in space and communications, with defense spending also increasing [31][32] Question: AI revenue potential in AC&C business - Management is cautious about estimating AI revenue percentage but sees significant demand in enterprise AI opportunities [33][34] Question: Impact of government shutdown on customers - Management reported minimal impact from the government shutdown due to long-range contracts [39] Question: Medical market demand and inventory levels - Management noted improved demand and inventory levels in the medical sector, projecting continued growth [41][43] Question: Cash conversion cycle improvement - Management confirmed ongoing focus on improving cash conversion and inventory management [47][48] Question: CapEx spend for 2026 - Management expects CapEx to increase slightly in 2026 to support growth initiatives [49][50]