PCB是电子产品的关键电子互连件，2024年中国大陆PCB产值占全球PCB总产值的比例已提升至56%， 成为全球PCB主要生产供应地。该领域已有不少上市公司，如今又有一家来自江西吉安的企业冲击A股 IPO。 格隆汇获悉，近日，证监会披露了江西红板科技股份有限公司（简称"红板科技"）的问询回复，问询了 关于主营业务和行业代表性、募投项目、销售与客户等问题，公司拟冲击沪主板上市，保荐人为民生证 券股份有限公司。 红板科技专注于印制电路板（PCB）的研发、生产和销售，2024年营收超27亿元。如今国内PCB市场情 况如何？不妨通过红板科技来一探究竟。 1 近6成营收来自消费电子领域，给OPPO、传音供货 红板科技的主营业务收入为印制电路板的销售收入，其产品包括HDI板、刚性板、柔性板、刚柔结合 板、类载板、IC载板等。 具体来看，2022年至2025年上半年，红板科技来自HDI板的营收占比从49.75%提升至65.33%；刚性板的 营收占比从33.08%降至17.84%。 HDI是印制电路板技术的一种，具备更高密度的电路互连、容纳更多的电子元器件等特点； 此前，在AI与算力基建拉动高端需求、消费电子触底回暖等刺激下 ...

Group 1 - The core point of the news is that Shenghong Technology's stock has experienced a significant decline, dropping 5.02% on September 25, with a total decrease of 11.4% over six consecutive days [1] - As of the report, Shenghong Technology's stock price is 292.00 yuan per share, with a trading volume of 8.508 billion yuan and a turnover rate of 3.36%, resulting in a total market capitalization of 251.905 billion yuan [1] - Shenghong Technology, established on July 28, 2006, and listed on June 11, 2015, primarily engages in the research, development, production, and sales of new electronic devices, specifically printed circuit boards (PCBs), which account for 93.66% of its main business revenue [1] Group 2 - From the perspective of fund holdings, one fund under Bank of China, the Zhongyin Quantitative Stock Mixed Fund A (019722), has a significant position in Shenghong Technology, holding 1,500 shares, which represents 1.63% of the fund's net value [2] - The fund has incurred a floating loss of approximately 23,100 yuan today, with a total floating loss of 59,400 yuan during the six-day decline [2] - The Zhongyin Quantitative Stock Mixed Fund A was established on June 17, 2024, with a current scale of 12.2256 million yuan, achieving a year-to-date return of 38.08% and a one-year return of 51.95% [2]

凯石澜龙头经济持有期混合（006430）成立日期2018年12月5日，最新规模8471.74万。今年以来收益 114.78%，同类排名23/8173；近一年收益164.96%，同类排名72/7996；成立以来收益141.89%。 凯石澜龙头经济持有期混合（006430）基金经理为李琛、许迟。 截至发稿，李琛累计任职时间203天，现任基金资产总规模9901.65万元，任职期间最佳基金回报 7.06%， 任职期间最差基金回报-0.06%。 许迟累计任职时间17天，现任基金资产总规模8471.55万元，任职期间最佳基金回报12.04%， 任职期间 最差基金回报12.04%。 9月24日，胜宏科技跌5.03%，截至发稿，报298.21元/股，成交62.55亿元，换手率2.43%，总市值 2572.62亿元。胜宏科技股价已经连续5天下跌，区间累计跌幅9.51%。 资料显示，胜宏科技(惠州)股份有限公司位于广东省惠州市惠阳区淡水镇新桥村行诚科技园,香港湾仔皇 后大道东248号大新金融中心40楼，成立日期2006年7月28日，上市日期2015年6月11日，公司主营业务 涉及新型电子器件(印制电路板)的研究开发、生产和销售。 ...

AI 应用驱动 PCB 行业景气上行，PCB 材料迎来重大机遇 20250922 摘要 全球 PCB 市场持续增长，2024 年总产值达 736 亿美元，中国大陆占比 56%，为最大生产地区。多层板占比最高，HDI 多层板受益于电子产品 高密度化需求，预计 2023-2028 年全球 HDI 市场复合年均增长率达 8.7%，2028 年市场规模将达到 160 亿美元。 高性能 AIDC 用 PCB 应用于 AI 服务器、高速交换机和自动驾驶系统， 核心部件包括主板、电源背板等。英伟达 AI 服务器核心模组采用高多层 板，单机 PCB 价值达 8,000 至 10,000 美元。高频高速覆铜板需满足 10~50 Gbps 信号传输速度，对阻抗、信号分散和损耗性能有高要求。 高频高速电路板对介电常数（DK）和介质损耗常数（DF）要求极高， 理论上越低越好。服务器传输需要的 DK 值通常在 3.3 到 3.6 之间，DF 值在 0.002 到 0.004 之间。松下电工 M6 及以上型号覆铜板需满足上述 DK 和 DF 值。 碳氢树脂是高频高速覆铜板领域的热点材料，DK 小于 2.6，DF 小于 0.001，耐高温 ...

9月23日，胜宏科技涨5.71%，截至发稿，报333.37元/股，成交81.95亿元，换手率2.93%，总市值 2875.95亿元。 资料显示，胜宏科技(惠州)股份有限公司位于广东省惠州市惠阳区淡水镇新桥村行诚科技园,香港湾仔皇 后大道东248号大新金融中心40楼，成立日期2006年7月28日，上市日期2015年6月11日，公司主营业务 涉及新型电子器件(印制电路板)的研究开发、生产和销售。主营业务收入构成为：PCB制造93.66%，其 他6.34%。 从基金十大重仓股角度 数据显示，苏新基金旗下1只基金重仓胜宏科技。苏新中证500指数增强A（022790）二季度减持7200 股，持有股数1.69万股，占基金净值比例为1.41%，位居第一大重仓股。根据测算，今日浮盈赚取约 30.44万元。 苏新中证500指数增强A（022790）成立日期2024年12月30日，最新规模9238.23万。今年以来收益 30.11%，同类排名1640/4220；成立以来收益29.91%。 苏新中证500指数增强A（022790）基金经理为林茂政。 截至发稿，林茂政累计任职时间268天，现任基金资产总规模7.23亿元，任职期间最佳 ...

Core Viewpoint - Zhongjing Electronics plans to raise up to 700 million yuan through a private placement to fund its PCB production projects in Thailand and Huizhou, as well as to supplement working capital [1][2] Group 1: Fundraising and Investment Plans - The company intends to use 300 million yuan for the Thailand PCB intelligent production base project, 200 million yuan for the Huizhou production line upgrade project, and 200 million yuan to supplement working capital [1] - The actual controller, Yang Lin, plans to subscribe for at least 70 million yuan, demonstrating confidence in the company's future development [1] Group 2: Industry Outlook - The global PCB market is expected to reach a value of 73.565 billion USD in 2024, with a year-on-year growth of 5.8% [1] - The PCB industry is projected to grow to 94.7 billion USD by 2029, with a compound annual growth rate of 4.8% from 2025 to 2029 [1] Group 3: Strategic Expansion - As the largest PCB production region, China's share of the global PCB market has increased from 8.1% in 2000 to 56% in 2024, with Southeast Asia's PCB industry also experiencing rapid growth [2] - The establishment of the Thailand PCB intelligent production base is a key move for Zhongjing Electronics to deepen its global layout and integrate into a diversified supply chain [2] - The project aims to enhance the company's global supply capacity to meet the growing demand from overseas customers [2]

Group 1: Market Demand and Product Applications - The company focuses on the research, production, and sales of printed circuit boards (PCBs), including rigid multilayer PCBs (MPC), high-layer count boards (HLC), high-density interconnect boards (HDI), flexible circuit boards (FPC), flexible circuit board assemblies (FPCA), and rigid-flex boards (R-F) [1] - Emerging technologies such as artificial intelligence, next-generation networking, and automotive electronics are driving demand in related downstream application fields, prompting the company to accelerate capacity ramp-up of its Zhuhai project and optimize product structure [1] - The company’s PCB products can be applied in data center-related areas, including servers, storage devices, optical modules, and GPU accelerator cards [2] Group 2: Investment and Production Scale - The investment scale for the Thailand smart factory project (Phase I) is approximately 550 million yuan, with construction actively progressing [2] - The company is currently a secondary supplier to Huawei, primarily involved in mobile phones, tablets, and consumer electronics, but does not provide PCB substrates for Huawei's AI chips [2] Group 3: Stock Performance and Market Management - The company's stock price is currently at a lower level compared to peers, influenced by multiple factors, and the company encourages investors to view short-term market fluctuations rationally [2] - The company aims to strengthen communication with investors and enhance compliance information disclosure to share development achievements [2]

Group 1: Mergers and Acquisitions in Tianjin - Multiple listed companies in Tianjin are actively engaging in mergers and acquisitions, with a total transaction amount exceeding 10 billion yuan in the first half of the year, representing a 65% year-on-year increase [1] - The Tianjin Securities Regulatory Bureau, along with other local departments, has introduced a policy framework to support mergers and acquisitions, focusing on funding, asset pools, and transaction services [1] Group 2: Transformation of Tianjin Zhonglv Electric - Tianjin Zhonglv Electric successfully transitioned from real estate to the renewable energy sector by acquiring 100% equity of Luneng New Energy, addressing previous operational challenges [2] - The restructuring process was completed in just four months, showcasing efficiency in due diligence and regulatory compliance [3] - Post-restructuring, the company has achieved an average annual compound growth rate of 116.82% in net profit from 2022 to 2024, enhancing its sustainable development capabilities [3] Group 3: Tianjin Quanye Group's Shift to Clean Energy - Tianjin Quanye Group, facing losses in traditional retail, has restructured by divesting its original business and acquiring 100% equity of Guokai New Energy, transforming into a clean energy service provider [4] - The company has seen its market value exceed 10 billion yuan post-restructuring, with a projected net profit of 908 million yuan in 2024 and a compound growth rate of 43.52% [5] Group 4: Strategic Acquisition by Tianjin Printronics - Tianjin Printronics, a leading PCB manufacturer, acquired Taihe Circuit to enhance its market presence and product offerings through strategic resource integration [6] - Following the acquisition, the company reported a revenue of 1.128 billion yuan in 2024, a 74.57% increase from the previous year, and a net profit of 33.86 million yuan, up 28.16% [7] - The acquisition has allowed Tianjin Printronics to improve production processes and invest in green manufacturing, achieving both economic and environmental benefits [7]

Group 1 - The core viewpoint of the news is that Jinlu Electronics has seen a significant increase in its stock price, rising by 5.01% to reach 28.52 CNY per share, with a total market capitalization of 4.311 billion CNY [1] - Jinlu Electronics, established on October 19, 2006, is located in the Guangdong Province and specializes in the research, production, and sales of printed circuit boards (PCBs), with PCB accounting for 90.64% of its main business revenue [1] - The trading volume for Jinlu Electronics reached 1.03 billion CNY, with a turnover rate of 4.60% [1] Group 2 - Dachen Fund's Dachen Zhongzheng 360 Internet + Index A (002236) has entered the top ten circulating shareholders of Jinlu Electronics, holding 671,300 shares, which is 0.93% of the circulating shares [2] - The fund has achieved a year-to-date return of 31.49% and a one-year return of 83.4%, ranking 1114 out of 4222 and 626 out of 3798 respectively in its category [2] - The fund manager, Xia Gao, has been in position for 10 years and 283 days, with the fund's total asset scale at 2.26 billion CNY [3] Group 3 - Dachen Zhongzheng 360 Internet + Index A (002236) has Jinlu Electronics as its sixth-largest holding, representing 1.02% of the fund's net value [4] - The estimated floating profit from this holding is approximately 913,000 CNY [4]

9月11日，胜宏科技涨5.14%，截至发稿，报305.62元/股，成交104.65亿元，换手率4.08%，总市值 2636.55亿元。 资料显示，胜宏科技(惠州)股份有限公司位于广东省惠州市惠阳区淡水镇新桥村行诚科技园,香港湾仔皇 后大道东248号大新金融中心40楼，成立日期2006年7月28日，上市日期2015年6月11日，公司主营业务 涉及新型电子器件(印制电路板)的研究开发、生产和销售。主营业务收入构成为：PCB制造93.66%，其 他6.34%。 从基金十大重仓股角度 数据显示，同泰基金旗下1只基金重仓胜宏科技。同泰数字经济股票A（012696）二季度持有股数7.58万 股，占基金净值比例为6.75%，位居第一大重仓股。根据测算，今日浮盈赚取约113.32万元。 责任编辑：小浪快报 同泰数字经济股票A（012696）成立日期2021年7月26日，最新规模6375.19万。今年以来收益58.63%， 同类排名135/4222；近一年收益112.52%，同类排名118/3798；成立以来收益1.03%。 同泰数字经济股票A（012696）基金经理为陈宗超。 截至发稿，陈宗超累计任职时间4年48天，现任基金 ...