SCC(SZ:002916)2024-11-13 12:26Group 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 Q3 2024, the company reported a revenue of CNY 4.728 billion, representing a quarter-on-quarter growth of 8.45%, primarily due to increased project settlements in the electronic assembly business [2] - The overall gross margin slightly decreased due to the lower gross margin of the electronic assembly business and the impact of rising raw material prices [2] Group 3: Business Expansion and Market Focus - The PCB business is primarily focused on communication equipment, with key layouts in data centers (including servers) and automotive electronics, showing revenue growth in these areas in Q3 2024 [2] - The company is expanding its production capacity in Thailand with a total investment of CNY 1.274 billion, with ongoing construction of the factory [2] Group 4: Technology and Product Development - The company has achieved batch production capabilities for FC-BGA packaging substrates with up to 16 layers, and is progressing with sample certification for 20-layer products [3] - The electronic assembly business is positioned as a downstream segment of PCB manufacturing, focusing on communication, data centers, medical, and automotive electronics [3] Group 5: Currency Impact - The company faces currency risk primarily from export sales and import purchases settled in foreign currencies, with Q3 2024 showing a loss due to the appreciation of the RMB against the USD, impacting financial expenses [4]