Group 1: Company Overview - Shenghong Technology (Huizhou) Co., Ltd. hosted an investor relations event with 62 institutional and individual investors at its headquarters and Thai subsidiary [1] - The company adheres to the philosophy of "Embrace AI, Run Towards the Future," seizing opportunities in AI computing technology and data center upgrades to gain market advantage [3] Group 2: Industry Trends - The AI technology revolution, starting in 2024, is driving rapid development in downstream sectors such as computing power, high-speed communication, new energy vehicles, and intelligent driving [2] - The demand for high-layer and high-density interconnect (HDI) PCBs is expected to grow significantly, with a projected compound annual growth rate of 20% for AI PCBs over the next five years [2] Group 3: Competitive Advantages - The company has a technological edge, participating deeply in core customer project R&D and accumulating proprietary technology ahead of market production by 2-3 years [3] - The company’s production capacity spans Guangdong, Hunan, Thailand, and Malaysia, with its Huizhou headquarters being the largest single PCB production base globally [3] Group 4: Supply and Demand Dynamics - There is a continuous increase in demand for high-end production capacity, with a relative shortage in supply for high-end products [4] - The industry trend is to reduce unit power consumption while enhancing computing density and electrical performance, leading to increased requirements for PCB manufacturing processes [4] Group 5: Capacity Expansion and Customer Demand - The company is expanding its capacity in response to the growing demand for AI computing and servers, with high-end product supply expected to remain tight in the medium term [5] - The company is building a global operational network through domestic and overseas factories, with ongoing upgrades at the Thai facility and collaborations with major North American tech clients [5]