Kunshan Dongwei Technology (SH:688700)2024-09-13 09:28Group 1: Business Performance and Projections - The company's PCB electroplating equipment orders have seen significant growth, driven by investment trends in Southeast Asia, AI servers, and the electrification and intelligence of vehicles. The company expects record-high orders in 2025 for this sector [2] - The company completed a share buyback of 400,800 shares in February 2024, with future buyback plans dependent on financial conditions [2] - The demand for HDI boards has surged, leading to increased orders for the company's horizontal plating three-in-one equipment, which has successfully replaced overseas equipment and gained customer recognition [3] Group 2: Product Development and Market Trends - The company is currently developing wide-width double-sided clamping electroplating equipment, aiming to maintain production speed while increasing width, with a verification period of 3-4 months [3] - Despite underperformance in the composite fluid industry, the company remains optimistic about its new energy membrane equipment expansion project, which is expected to lay a solid foundation for future growth [3] - The company is actively sampling for over a dozen clients regarding glass substrate electroplating equipment, with promising results and upcoming contracts anticipated [2]