Core Insights - The AI technology revolution is driving rapid growth in the PCB (Printed Circuit Board) industry, with over 20 PCB-related listed companies in A-shares reporting revenue growth exceeding 20% in the first half of 2025, and leading companies like Shenghong Technology and Suneast Electronics seeing net profit growth over 300% [1] - Guangdong has emerged as a hub for globally competitive PCB companies, with Shuo Cheng Technology Co., Ltd. breaking the long-standing foreign monopoly in the electronic materials sector and becoming a leading domestic player [1] Industry Overview - The PCB industry is experiencing a robust growth trend, with listed companies reporting over 20% revenue growth in the first half of 2025, and profits also increasing significantly. The industry is characterized by a "stronger getting stronger" dynamic, where leading companies are expanding while smaller firms face greater pressure [3] - High-end products, particularly those used in AI, computing, robotics, and new energy, are seeing significant profit margins due to high technical barriers [3] Company Positioning - Shuo Cheng focuses on key chemical products for hole metallization, holding a significant market share in China and serving major industry players such as Shenghong Technology and Suneast Electronics [3] - The company has successfully developed products that replace foreign counterparts, particularly in semiconductor functional film materials and IC substrates, positioning itself as an essential participant in the industry [4] Competitive Advantages - Guangdong accounts for approximately 60% of China's PCB production capacity, with the production focus shifting from Shenzhen and Dongguan to Zhuhai, which is becoming a PCB industry hub [6][7] - The region benefits from a rich talent pool and a complete industrial chain, providing strong support for companies operating in the PCB sector [7] International Expansion - Shuo Cheng is expanding its operations overseas, particularly in Thailand and India, with plans to build a facility in Thailand and engage in technology cooperation in India [8][9] - The company emphasizes the importance of thorough preparation for overseas ventures, highlighting challenges such as local regulations and market understanding [9] Future Plans - Shuo Cheng aims to become a global leader in electronic materials and process solutions, with a target revenue of 1 billion yuan and plans for an IPO to support its growth [10] - The company has set strategic goals, including developing 100 core products and achieving a production value of 10 billion yuan [10]