Group 1: Investor Relations Activities - The investor relations activities included site visits, analyst meetings, and roadshows, with participation from 108 institutional investors [1][2] - The event took place from October 13 to October 17, 2025, at Shenghong Technology (Huizhou) Co., Ltd. [1] Group 2: Company Performance and Production Capacity - The company currently has sufficient orders, with production capacity utilization maintained at a good level [3] - The Thailand factory's first phase upgrade was completed in March 2025, and production has commenced, with the second phase nearing completion [3] - The company aims to enhance production efficiency and supply chain costs to maintain competitive advantages in Southeast Asia [3] Group 3: High-Density Interconnect (HDI) Technology - The company has invested significantly in HDI technology, becoming one of the few capable of mass-producing 6-layer and higher HDI products [4] - Key factors for success in HDI include advanced technology, top-tier equipment, extensive manufacturing experience, and a skilled workforce [4] Group 4: Multi-layer PCB Advantages - The company has the capability to develop and mass-produce PCBs with over 70 layers, with a technical reserve for over 100 layers [5] - The company is one of the largest global producers of multi-layer PCBs, supporting diverse product mass production [5] - Multi-layer PCBs are primarily used in AI servers, power management, and industrial control devices [6] Group 5: Market Demand and Future Outlook - The PCB industry is supported by strong demand, particularly in AI computing and servers, which are expected to grow rapidly [7] - The supply of high-end products is anticipated to remain tight, with sufficient downstream demand to absorb new production capacity [7] - The company’s production planning is based on clear order demands and future technology directions [7]

Core Viewpoint - Chongda Technology (002815) is actively engaged in the computing power sector, focusing on high multi-layer PCB products that cater to various applications including servers, supercomputers, storage devices, and GPUs [1] Company Summary - The company has confirmed that its high multi-layer PCB products are primarily used in the computing power field [1] - Applications of these products include servers, supercomputers, storage devices, and GPUs, indicating a strong alignment with current technological trends [1]

Group 1 - The core viewpoint of the article highlights that Chongda Technology (002815.SZ) is actively engaged in the computing power sector, focusing on high multi-layer PCB products [1] - The company's high multi-layer PCB products primarily serve applications in servers, supercomputers, storage devices, and GPUs [1]

Company Overview - Ji'an Mankun Technology Co., Ltd. focuses on high-layer PCB products, with approximately 60% of its products being high-layer, and automotive electronics accounting for about 30% of its focus area [2][3]. Financial Performance - The gross margin for PCB products in 2024 was 10.44%, with the automotive electronics sector showing a higher gross margin [3][4]. - In 2024, the top five customers accounted for 35.92% of total sales, with no single customer exceeding 10% [6]. Investment and Expansion - The company is investing up to $70 million in Thailand to establish a new production base, with the project progressing through various stages, including registration and land agreements [3][6]. - The Thai factory is expected to commence production by 2027 [6]. Research and Development - Future R&D will focus on enhancing automotive electronic PCB capacity and developing core components for new energy vehicles, including battery, motor, and control systems [4][7]. - The company is advancing in the development of 16-layer server power products and automotive three-stage HDI intelligent driving domain control products, with prototypes currently in testing [4][5]. Production and Inventory Management - The company employs a "sales-driven production" model, maintaining a good inventory turnover rate of 7.59 times in 2024, which is favorable compared to industry peers [6][7]. - The production strategy includes monitoring material and finished goods aging to minimize obsolete inventory [6]. Cost Control and Efficiency - Cost reduction strategies include controlling procurement costs, optimizing production processes, and enhancing product yield to ensure quality and reduce internal failure costs [7]. - The company is committed to building a smart factory that integrates data management and automation to improve operational efficiency [7]. Strategic Vision - The company aims to enhance its international competitiveness and risk resilience through overseas expansion and strategic partnerships with leading global enterprises [7].