SCC(SZ:002916)2024-10-14 13:33Group 1: Company Overview and Business Focus - The company specializes in high-end PCB design, research, and manufacturing, with a focus on communication devices, data centers, automotive electronics, and medical fields [2] - In the first half of 2024, the company's business in data centers and automotive electronics saw a significant increase compared to the same period last year [2] Group 2: Market Demand and Product Development - The demand for AI-related products in the data center sector has significantly increased, driven by major cloud service providers' capital expenditures [3] - The company is actively developing next-generation platform products in collaboration with downstream customers [3] Group 3: Automotive Electronics Expansion - The automotive electronics sector is a key area for the company, focusing on new energy and ADAS, with steady growth in demand for high-end products related to smart driving [3] - The company's PCB business in automotive electronics has seen an increase in market share due to new customer projects [3] Group 4: Packaging Substrate Business - The company has experienced a notable increase in orders for BT-type packaging substrates, capitalizing on market demand recovery [4] - The FC-BGA packaging substrate has achieved mass production capabilities for products with 16 layers and below, with sample manufacturing capabilities for products above 16 layers [4] Group 5: Production Capacity and Material Costs - The PCB factory's operating rate remained stable at a high level in Q3 2024, while the packaging substrate factory experienced slight fluctuations due to demand changes [4] - Key raw materials such as copper foil and prepreg saw price fluctuations in the first half of 2024, but overall costs did not significantly impact the company's operations [4] Group 6: Future Expansion and Strategic Planning - The company is investing 1.274 billion RMB in a factory in Thailand to expand its overseas market presence [4] - There is potential for further capacity expansion in PCB production, with ongoing technical upgrades and new factory construction planned in Nantong [4]