Core Viewpoint - Shenghong Technology's board has approved the issuance of H-shares and application for listing on the Hong Kong Stock Exchange to enhance global brand recognition and competitiveness, with a proposed issuance of H-shares not exceeding 10% of the total share capital post-issuance [1] Group 1: Financial Performance - In 2024, Shenghong Technology achieved revenue of 10.731 billion yuan, a year-on-year increase of 35.31%, and a net profit attributable to shareholders of 1.154 billion yuan, up 71.96% [1] - In Q1 2025, the company reported revenue of 4.312 billion yuan, a year-on-year growth of 80.31%, and a net profit of 921 million yuan, reflecting a staggering increase of 339.22% [1] - The company forecasts a net profit growth of no less than 30% quarter-on-quarter for Q2 2025, with a year-on-year increase exceeding 360% for the first half of 2025 [2] Group 2: Market Position and Strategy - Shenghong Technology has capitalized on the AI boom, with over 40% of its revenue in Q1 2025 coming from AI computing and data center-related products, holding the largest market share in AI computing cards globally [1] - The competitive landscape in the domestic PCB industry for AI servers is relatively stable, with companies at various stages of production and development; Shenghong Technology has achieved large-scale production of AI server-related PCB products and has entered the supply chain of top global server clients [2] Group 3: Stock Performance - Since January 2024, Shenghong Technology's stock price has increased by over 10 times [3] - As of July 29, 2023, the stock price closed at 189.25 yuan per share, with a market capitalization of 163.3 billion yuan [4]

Core Insights - Nvidia reported Q1 revenue of $44.1 billion for fiscal year 2026, up from $26.044 billion in the same period last year, exceeding market expectations of $43.155 billion [1] - Data center revenue reached $39.1 billion, compared to $22.6 billion year-over-year and $35.6 billion in the previous quarter, slightly below market expectations of $39.3 billion [1] Revenue Analysis - Total revenue for Q1 2026 was $44.1 billion, representing a significant year-over-year increase of approximately 69.5% from $26.044 billion [1] - Data center revenue of $39.1 billion showed a year-over-year growth of about 72.9% from $22.6 billion and a quarter-over-quarter increase of approximately 9.8% from $35.6 billion [1]