SCC(SZ:002916)2024-11-12 13:22Group 1: Company Overview - The company focuses on the electronic interconnection field, with three main businesses: printed circuit boards (PCBs), electronic assembly, and packaging substrates, forming a unique "3-In-One" business layout [1] - The company provides comprehensive manufacturing capabilities from samples to small and large batch production, offering one-stop solutions through design, manufacturing, assembly, micro-assembly, and testing services [1] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a total revenue of CNY 13.049 billion, a year-on-year increase of 37.92%, and a net profit attributable to shareholders of CNY 1.488 billion, up 63.86% [1] - For Q3 2024, the company reported revenue of CNY 4.728 billion, a year-on-year increase of 37.95%, and a net profit of CNY 5.01 billion, reflecting a 15.33% growth [2] Group 3: Business Growth Drivers - The growth is attributed to the company's ability to seize structural opportunities in the industry, with a significant increase in orders and revenue across all three main businesses, driven by advancements in AI, the trend of automotive electrification/intelligence, and a recovery in server demand [2] - The company’s PCB business is expanding in key areas such as data centers and automotive electronics, while maintaining a strong presence in industrial control and medical sectors [2] Group 4: Production Capacity and Expansion - The company has factories in Shenzhen, Wuxi, Nantong, and plans for a project in Thailand with a total investment of CNY 1.274 billion, aimed at expanding overseas market presence [3] - The Nantong base has land reserves for new factory construction, with ongoing infrastructure development for a project that will cover HDI capabilities [3] Group 5: Market Positioning and Strategy - The electronic assembly business is positioned as a downstream segment of PCB manufacturing, focusing on communication, data centers, medical, and automotive electronics [4] - The company aims to enhance customer loyalty by providing continuous value-added services through a one-stop solution platform, leveraging its technological advantages in electronic interconnection products [4]