Group 1 - The core focus of the news is on the recent research conducted by the well-known private equity firm Dongfang Gangwan on the listed company Pengding Holdings, particularly its developments in the AI server sector [1] - Pengding Holdings has established production capacity in Huai'an, mainland China, and in Thailand, with plans to adjust investment and expansion based on market demand and strategic considerations [1] - The first phase of the Thailand project has been completed and is currently undergoing customer certification and sampling, with expectations for small-scale production in the second half of the year [1] Group 2 - The company plans to optimize production processes and supply chain management to maximize cost efficiency, with capital expenditures primarily directed towards the Thailand facility, soft board expansion, and high-end HDI and SLP projects in Huai'an [1] - There are higher requirements for production processes and performance due to new product demands, although specific evaluations on new model part numbers cannot be made until the new products are launched [1] - The timeline from equipment layout to production is approximately six months, contingent upon the readiness of the factory and mechanical equipment [1]

Group 1: AI Server Expansion - The company is focusing on the development prospects of the AI server sector, with production capabilities in Huai'an and Thailand [2] - The first phase of the Thailand park has been completed and is currently in the customer certification and sampling stage, with small-scale production expected in the second half of the year [2] Group 2: Production Cost and Capital Expenditure - The cost differences between the Thailand and mainland production sites will be assessed after formal mass production begins [2] - This year's capital expenditure plan primarily targets the Thailand park, soft board expansion, and high-end HDI and SLP projects in Huai'an [2] Group 3: Customer Certification and New Product Trends - The company is actively expanding its customer base in the optical module sector, with small-scale production expected to begin after customer certification in the second half of 2024 [3] - New product requirements are anticipated to demand higher standards in production processes and performance [2] Group 4: Production Capacity Timeline - The timeline for new capacity deployment is approximately six months from equipment installation to production, provided that the necessary facilities and electrical support are in place [2]