内资PCB 领先企业，2025Q1 利润增长339%。公司从事高精密度印制线路板的研发、生产和销售，主要 产品覆盖刚性电路板、柔性电路板全系列，产品在AI 算力、AI 机器人、无人驾驶、虚拟现实等领域取 得领先优势。2024年公司实现营业收入107.3 亿元，同比增长35.3%，2019-2024 年营收CAGR达 22.5%，实现归母净利润11.5 亿元，同比增长72.0%，2019-2024 年归母净利润CAGR 达20.0%；2025 年 Q1 实现营业收入43.1 亿元，同比增长80.3%，实现归母净利润9.2 亿元，同比增长339.2%。 PCB 行业稳定成长，高多层、载板、HDI 等高端PCB 增速领先。根据Prismark数据显示，2024 年全球 PCB 产值为735.65 亿美元；2029 年全球PCB 市场规模预计将达946.61 亿美元，2024—2029 年复合增长 率5.2%。其中，2029年18 层及以上 PCB 板领域市场规模达到为50.2 亿美元，2024-2029 复合增长率 15.7%；2023 年全球HDI 市场规模105.4 亿美元，2028 年有望达到148.3 亿美 ...

【公告全知道】军民融合+机器人+商业航天+碳纤维+低空经 济+华为!公司军工科技板块产品主要应用于航空、 方向 公告全知道 2025.05.18 22:02 星期日 康达新材:2024年年度股东大会通过多项议案 中京电子(002579.SZ)公告称，公司于2025年4月1日召开第六届董事会第二次会议，提名盛璋为公司非独立董事候选人。2025年 5月16日,公司召开2024年年度股东大会,选举盛璋为公司第六届董事会非独立董事。盛璋历任台资企业三希科技集团广合科技 有限公司多个职务,2013年加入中京电子,现任公司副总经理。 点评: 资料显示，中京电子的主营业务为印制电路板(PCB)的研发、生产、销售与服务。公司主要产品有刚性电路板(RPCB)、 高密度互联板(HDI)、柔性电路板(FPC)、刚柔结合板(R-F)和柔性电路板组件(FPCA)。公司系中国印制电路行业协会(CPCA)及 美国印制电路协会(IPC)会员单位,中国印制电路板百强企业,公司是目前国内少数兼具刚柔印制电路板批量生产与较强研发能 力的PCB制造商，能够同时满足客户不同产品组合需求、快速响应客户新产品开发，为客户提供产品与技术的一体化解决方案。 ...

Core Viewpoint - The company, Shenghong Technology, is making significant investments to enhance its core competitiveness and ensure sustainable development, particularly in response to the growing demand for AI computing hardware [1][4]. Group 1: Investment Plans - Shenghong Technology plans to invest no more than 3 billion yuan in 2025 for fixed assets and intangible assets, focusing on new factory construction, equipment procurement, and automation line upgrades [1][4]. - The investment is seen as a strategic move to accelerate the release of AI computing hardware capacity and deepen global expansion [1][4]. Group 2: Financial Performance - In Q1 2025, Shenghong Technology achieved a revenue of 4.312 billion yuan, representing an 80.31% year-on-year increase, and a net profit of 921 million yuan, up 339.22% year-on-year [2][3]. - For the full year 2024, the company reported a revenue of 10.73 billion yuan, a 35.31% increase, and a net profit of 1.154 billion yuan, a 71.96% increase [2][3]. - The company's gross margin rose to 33.37%, up 13.89 percentage points year-on-year, while the net margin reached 21.35%, up 12.58 percentage points year-on-year, significantly exceeding the global PCB industry average of 10%-15% [2][3]. Group 3: Market Outlook - Shenghong Technology anticipates continued growth in downstream industries such as automotive electronics and server/data storage, driven by AI, which will support high growth in multilayer boards and packaging substrates [3]. - The company expects a quarter-on-quarter net profit growth of no less than 30% in Q2 2025, with a year-on-year increase exceeding 360% for the first half of 2025 [3]. Group 4: Capacity Expansion and Globalization - To meet the surge in orders, Shenghong Technology is accelerating capacity expansion, with plans to raise up to 1.98 billion yuan through a stock issuance for overseas projects in Vietnam and Thailand [4]. - The company has a strong order backlog and a good capacity utilization rate, with new capacity expected to come online in June 2025, significantly enhancing its high-end HDI and multilayer production capabilities [4]. - Shenghong Technology has been focusing on globalization, with over 50% of its orders coming from overseas, achieved through acquisitions and investments in foreign factories [4]. Group 5: R&D and Innovation - The company has invested over 2 billion yuan in R&D since its listing, establishing comprehensive technological capabilities across the PCB industry chain [4][5]. - Shenghong Technology holds 399 patents, with innovations in AI computing, robotics, low-altitude economy, and autonomous driving, and has established partnerships with leading companies in the humanoid robotics sector [5]. - The company plans to continue increasing R&D investment to enhance product competitiveness and provide high-quality products and services to global customers [5].