Core Viewpoint - The article highlights the rapid expansion of Guangdong's billion-dollar market cap companies, driven by the AI wave, with a particular focus on the PCB sector and emerging players in the AI infrastructure space [1][3][8]. Group 1: Market Overview - As of August 1, 2025, Guangdong has 26 companies with a market cap exceeding 100 billion yuan, with the top three being China Merchants Bank (1126.66 billion yuan), Ping An Insurance (985.22 billion yuan), and BYD (964.72 billion yuan) [3][4]. - The electronic industry leads with six billion-dollar companies, followed by non-bank financials with five, and various other sectors including banking, home appliances, and food and beverage each having two [3][4]. Group 2: Recent Additions and Performance - In the past year, nine new companies have joined the billion-dollar market cap club, with notable performances from Shenghong Technology, Dongpeng Beverage, and others [5][6]. - Shenghong Technology's market cap surged from 33.06 billion yuan to 165.08 billion yuan, marking a 398.38% increase, while Shengyi Technology and Guangqi Technology also saw significant growth [5][6]. Group 3: Industry Insights - The PCB sector has seen a notable rise, with four new billion-dollar companies emerging, driven by the demand for high-end PCB due to advancements in AI technology and related fields [6][8]. - Shengyi Technology, a leading player in the PCB industry, is well-positioned for future growth, supported by its strong market presence and collaboration with upstream material suppliers [8][9]. Group 4: Future Prospects - The next potential billion-dollar companies are expected to emerge from the AI-related sectors, particularly in PCB and liquid cooling technologies, with Shengyi Electronics and Yingweike being strong contenders [8][10]. - The liquid cooling market is projected to grow significantly, with a forecasted market size of 3.39 billion USD in 2025, reflecting a 42.6% increase from 2024 [9][10].

Market Overview - A-shares experienced fluctuations with the Shanghai Composite Index peaking at 3636.17 points before closing down 0.94% for the week at 3559.95 points [1] - The Shenzhen Component and ChiNext Index also saw declines of 1.58% and 0.74% respectively [1] - Most sectors entered a correction phase, with notable gains in biomedicine, communication, and media, while coal, non-ferrous metals, and real estate sectors faced significant declines [1] Company Highlights - Defu Technology (301511) attracted the highest number of institutional investors this week, with 144 participating in a recent survey, driven by its plan to acquire 100% of Luxembourg Copper Foil for €174 million [3] - The acquisition is expected to enhance Defu Technology's production capacity from 175,000 tons/year to 191,000 tons/year, solidifying its position as the world's largest producer of electrolytic copper foil [3] - The company aims to leverage the acquisition to expand into emerging markets and improve profitability through resource integration and brand advantages [3] Victory Technology - Victory Technology, also in the electronic components sector, announced plans for a Hong Kong IPO to capitalize on global AI opportunities [4] - The company positions itself as a leading player in the AI hardware supply chain, with backing from internationally recognized strategic investors to enhance its financing and risk management capabilities [4][6] - Proceeds from the IPO will be used for high-end capacity expansion, smart upgrades, and R&D in advanced PCB technologies to meet global expansion needs [6] Industry Insights - CIMC Group reported optimistic demand in the container business, with orders extending into Q3, and expects the industry to produce no less than 3 million TEUs this year, exceeding initial forecasts [6] - CATL disclosed a net profit of 30.5 billion yuan for the first half of the year, a 33.33% increase year-on-year, with a high capacity utilization rate of approximately 90% [6] - BOE A indicated a continued trend of inventory reduction in the LCD TV sector, with slight price declines, but anticipates a recovery in demand and stabilization of panel prices in August [7]