证券日报网讯12月17日，大族数控（301200）在互动平台回答投资者提问时表示，公司与行业头部客户 保持紧密沟通，积极参与新材料的加工工艺研发，确保公司相关产品满足客户生产技术要求。在AI算 力需求的推动下，PCB产业投资扩产不断，公司目前在手订单充足，在手订单正有序生产和交付中，将 根据客户新增需求情况动态调整产能。 ...

创业板50ETF国泰（159375）跟踪的是创业板50指数（399673），单日涨跌幅达20%，该指数从创 业板市场中选取流动性优异、市值规模领先的50只证券作为指数样本，重点覆盖新能源、医药生物、电 子信息技术等高科技及新兴行业领域。指数成分股主要分布于电力设备、医药生物和信息技术等成长性 突出的行业，集中体现创新驱动特征和高弹性收益属性，能够综合反映创业板核心优质企业的整体表 现。 华安证券指出，创业板50指数成分股主要集中于科技成长领域，估值分位处于偏低水平。从行业景 气度看，AI算力及配套产业链呈现强劲增长态势：算力需求爆发带动高端PCB量价齐升，国内PCB产业 规模全球占比超50%；CPO光模块在算力集群建设中呈现非线性增长，预计2027~2030年市场年增速达 15%~20%；国产算力芯片替代加速，预计2027年市占率将提升至55%。同时，储能链受益AI算力功耗 提升，海外需求旺盛带动锂电材料价格回升，碳酸锂价格较年内低点已上涨近60%。科技主线中，机器 人、游戏、软件等应用端领域逐步显现产业机会，游戏行业营收增速迎来2014年以来首次拐点，AI赋 能软件开发可降低20%交易成本。 （责任编辑：张 ...

Core Insights - Shenghong Technology, a leading player in the PCB industry, reported a significant increase in revenue and net profit for Q3, with revenue reaching 5.086 billion yuan, a year-on-year growth of 78.95%, and a net profit of 1.102 billion yuan, up 260.52% [1] - For the first three quarters of 2025, the company achieved a revenue of 14.117 billion yuan, reflecting an 83.40% increase year-on-year, and a net profit of 3.245 billion yuan, which is a 324.38% increase [1] - Despite the strong revenue growth, Shenghong Technology experienced a situation of increased revenue without corresponding profit growth in Q3 2025 [1] Financial Performance - The company's revenue has shown a consistent upward trend since Q1 2025, with quarterly revenues of 3.034 billion yuan, 4.312 billion yuan, 4.719 billion yuan, and 5.086 billion yuan from Q4 2024 to Q3 2025 [1] - Net profits for the same quarters were 390 million yuan, 921 million yuan, 1.222 billion yuan, and 1.102 billion yuan, indicating a strong profit growth trajectory [1] Asset Management - As of the end of Q3 2025, Shenghong Technology's construction in progress surged by 1283.08% compared to the end of the previous year, accounting for an increase of 10.25 percentage points in total asset proportion, driven by capacity expansion efforts [1] Funding Challenges - The company faced cash flow challenges due to significant capital investments for rapid expansion, with cash reserves dropping from 1.662 billion yuan at the beginning of the year to 1.176 billion yuan by the end of June 2025 [2] - To address the liquidity issue, Shenghong Technology completed a nearly 1.9 billion yuan private placement, which significantly improved its cash position to 3.191 billion yuan by September 30, 2025 [2] Shareholder Dynamics - The private placement was priced at 248.02 yuan per share, raising approximately 1.9 billion yuan, with net proceeds of 1.876 billion yuan after expenses, allocated for projects in Vietnam and Thailand, as well as for working capital and loan repayment [2] - There was a noticeable divergence among the top ten shareholders in Q3, with northbound funds reducing their holdings by 2.1158 million shares, resulting in a holding ratio of 2.96% and a change of 7.65% [2] - New significant shareholders included "bull investor" Guo Chao and the private equity fund "Saluzi 550," replacing previous shareholders from Q2 [3]