SCC(SZ:002916)2024-07-15 12:56Group 1: Financial Performance - The company expects a net profit attributable to shareholders of 910 million to 1 billion CNY for the first half of 2024, representing a year-on-year growth of 92.01% to 111.00% [2] - The anticipated net profit excluding non-recurring gains and losses is projected to be between 820 million and 910 million CNY, with a year-on-year increase of 92.64% to 113.78% [2] Group 2: Business Expansion and Market Focus - 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] Group 3: Impact of AI and Technology Development - The acceleration of AI development is driving demand for high-performance and high-speed network PCB products, particularly in edge computing and data transmission [3] - The company has made significant advancements in packaging substrate technology, maintaining a leading position in the domestic market for BT-type packaging substrates [4] Group 4: Production Capacity and Operational Efficiency - The PCB factory's operating rate has increased compared to the first quarter of 2024, while the packaging substrate factory's operating rate remains stable [4] - The company has achieved mass production capabilities for products with 14 layers and above, while continuing to face technical challenges in high-end product development [4] Group 5: Electronic Assembly Business Strategy - The electronic assembly business is positioned as a downstream segment of PCB manufacturing, focusing on communication, data centers, and automotive electronics [4] - The company employs two sales models, Turnkey and Consign, to meet customer needs, with Turnkey involving self-managed procurement and production [4]