Core Viewpoint - The company is experiencing increased demand for high-end PCB plating equipment due to the investment boom in Southeast Asia and the rapid development of AI-related big data storage sectors, leading to a significant rise in order volume [1] Group 1: Industry Trends - The PCB industry is benefiting from a surge in investment in Southeast Asia, which is driving demand for high-end plating equipment [1] - The growth in AI-related sectors is creating new opportunities for the company, particularly in big data storage [1] Group 2: Company Performance - The company has seen an increase in order volume due to the sustained improvement in industry conditions, resulting in a high overall capacity utilization rate [1] - Revenue recognition is somewhat delayed, primarily because the company's products are large-scale equipment [1] Group 3: Financial Metrics - The company anticipates a slight increase in gross margin, expected to be around 40%, due to improvements in production efficiency and quality of plating equipment [1] Group 4: Product Development - The company does not have direct customers in the solid-state battery sector, but its clients are providing samples to solid-state battery companies [1]

Group 1: PCB Market Growth - The demand for high-end PCB products, such as high multi-layer boards and advanced HDI, has been rapidly increasing due to the influence of AI servers [2][6] - The global PCB market for servers and data storage is projected to reach $10.916 billion in 2024, with a year-on-year growth of 33.1%, significantly outpacing other PCB application areas [6] - By 2029, the market size for the same segment is expected to reach $18.921 billion, with a compound annual growth rate (CAGR) of 11.6% from 2024 to 2029 [6] Group 2: Company Performance - Tai Chen Guang reported a significant increase in performance, with operating revenue of 828 million yuan, a year-on-year growth of 62.49%, and a net profit of 173 million yuan, up 118.02% [3] - The company attributed its growth to the "East Data West Calculation" project, which has increased demand for high-density optical fiber connectors and splitters in green computing networks [3] - The number of shareholders for Tai Chen Guang reached 50,300, a year-on-year increase of 10.13%, marking the highest level since 2024 [4] Group 3: Investment Opportunities - A total of 97 stocks in the A-share market are involved in the PCB industry, with 32 companies having reported their half-year performance [7] - Among these, 16 companies showed a year-on-year increase in net profit, with Shengyi Technology leading with an expected net profit growth of 432.01% to 471.45% [7] - Institutional interest in PCB-related stocks is high, with 26 stocks receiving institutional research since July, indicating strong market attention [7][8]