SCC(SZ:002916)2024-06-23 07:32Group 1: Company Overview and Business Expansion - In Q1 2024, the company reported stable demand in the PCB business, with growth in wired side switch and optical module orders, while wireless side orders remained unchanged compared to Q4 2023 [2] - The data center sector continues to see a quarter-on-quarter increase in order demand, driven by the Eagle Stream platform and AI accelerator card products [2] - The automotive sector is focusing on opportunities in the new energy direction, maintaining previous demand levels [2] Group 2: Product Application and Market Focus - The company's PCB business is primarily engaged in high-end product design, development, and manufacturing, with a focus on communication devices, data centers (including servers), and automotive electronics [2] - The company is also committed to long-term development in industrial control and medical sectors [2] Group 3: Technology and Production Capabilities - The company possesses HDI technology capabilities, including Any Layer interconnection, applicable in communication, data center, industrial control, medical, and automotive electronics sectors [3] - The company has multiple PCB factories in Shenzhen, Wuxi, and Nantong, with production arranged based on the process requirements of different PCB products [3] Group 4: Financial and Operational Insights - In Q1 2024, the company's packaging substrate business demand remained stable, with BT-type packaging boards in steady mass production [3] - The company is the largest domestic supplier of packaging substrates, with leading production capabilities in various packaging forms [3] - The company has seen an increase in PCB factory utilization rates compared to Q1 2024, while packaging substrate factory utilization rates remained stable [4] Group 5: Raw Material Prices and Impact - The prices of key raw materials, including copper-clad laminates and copper foil, have remained stable from 2023 to Q1 2024, with some increases in precious metals and certain board materials due to commodity price fluctuations [4] - The company is closely monitoring international commodity price changes and maintaining active communication with suppliers and customers [4] Group 6: International Expansion - The company is investing 1.274 billion RMB in a factory in Thailand to expand its overseas market presence, with the project progressing through necessary registrations and land acquisition [4] - The specific production timeline will depend on construction progress and market conditions [4]