SHENGYI ELECTRONICS CO.(688183)2024-11-06 10:26Group 1: Company Performance - In the first three quarters of 2024, the company achieved operating revenue of 3.179 billion CNY, a year-on-year increase of 32.97% [2] - The net profit for the same period was 187 million CNY, marking a turnaround from losses [2] - The growth in performance is attributed to the optimization of product structure and an increase in demand for high-layer, high-precision, and high-density printed circuit boards [2] Group 2: Communication Products - In the first three quarters of 2024, the global telecom capital expenditure decreased by 10% year-on-year [3] - The global telecom equipment market is expected to shrink by 0% to 5% in 2024 [3] - The market share of 400G and 800G switches is gradually increasing, with 800G switches expected to surpass 400G switches by 2025 [3] Group 3: Server Products - The global shipment of AI servers is projected to reach 1.672 million units in 2024, a year-on-year growth of 38.4% [3] - The company’s server product revenue increased significantly, with server products accounting for 42.45% of total revenue, up by 20.87 percentage points year-on-year [3] Group 4: Automotive Electronics - In the first half of 2024, global sales of new energy vehicles reached approximately 717,000 units, a year-on-year increase of 23% [4] - The automotive electronics market is expected to grow by 5.6% in 2024, reaching a market size of 1,158.5 billion CNY [4] Group 5: Low Earth Orbit Satellite Communication - By 2027, approximately 3,900 satellites are expected to be launched in China, with the total number projected to exceed 6,000 by 2030 [4] - The company is actively developing related technologies and collaborating with clients to optimize and upgrade products for low Earth orbit satellite applications [4] Group 6: Raw Material Prices - Currently, the prices of raw materials remain stable, and the company will continue to monitor market trends and adjust supply strategies accordingly [4]