SCC(SZ:002916)2024-07-10 13:24Group 1: Financial Performance - The company expects to achieve a net profit attributable to shareholders of 910 million to 1 billion CNY in the first half of 2024, representing a year-on-year growth of 92.01% to 111.00% [2] - The expected net profit after deducting non-recurring gains and losses is 820 million to 910 million CNY, with a year-on-year growth of 92.64% to 113.78% [2] - These performance forecasts are preliminary calculations by the finance department and have not been audited [2] Group 2: Business Development - The company is focusing on high-end PCB products, primarily in communication equipment, data centers, automotive electronics, and industrial control sectors [2][3] - In the automotive electronics sector, the company targets both domestic and overseas Tier 1 customers, emphasizing new energy and ADAS applications [3] - The PCB business has seen an increase in demand for wired communication products, such as switches and optical modules, since Q1 2024 [3] Group 3: Technological Advancements - The company has achieved leading capabilities in the production of FC-CSP packaging substrates and has successfully introduced RF packaging substrate products for high-end applications [4] - The company is the largest domestic supplier of packaging substrates, covering all BT packaging forms, and has batch production capabilities for products with 14 layers or fewer [4] Group 4: Operational Efficiency - The PCB factory's operating rate has increased compared to Q1 2024, while the packaging substrate factory's operating rate remains stable [4] - The company arranges production based on the process requirements of different PCB products, allowing for some compatibility across various downstream fields [3] Group 5: Market Conditions - The prices of 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 [4] - The company is closely monitoring international commodity price changes and maintaining active communication with suppliers and customers [4]