SCC(SZ:002916)2024-12-12 12:35Group 1: Financial Performance - In the first half of 2024, the company achieved a net profit attributable to shareholders of 987 million yuan, representing a year-on-year increase of 108.32% [2] - The growth was primarily driven by increased market expansion efforts, with orders growing year-on-year and all three main business revenues showing positive growth [2] - The company’s R&D investment in the first half of 2024 was 639 million yuan, a year-on-year increase of 69.74%, accounting for 7.68% of revenue, up 1.44 percentage points [12] Group 2: Market and Product Development - The company is focusing on optimizing its product structure in response to the accelerated evolution of AI and the deepening application of technology [2] - In the first half of 2024, the company’s PCB business in the communication sector saw varied demand, with wireless communication base station products not showing significant improvement, while demand for wired high-speed switches and optical modules increased due to AI-related needs [10] - The company is actively exploring opportunities in the automotive electronics sector, particularly in new energy and ADAS, with a steady increase in demand for high-end products [11] Group 3: Raw Material and Cost Management - The company monitors fluctuations in raw material prices, including copper foil and copper-clad laminates, which have seen price increases due to commodity market trends [4] - In the first half of 2024, the overall price of key raw materials remained relatively stable despite some increases in precious metals and certain board materials [4] Group 4: Strategic Initiatives and Future Outlook - The company plans to leverage its 40 years of experience in the electronic interconnection field to address market competition and technological challenges [4] - The company is committed to enhancing its technological capabilities, customer resource accumulation, and production capacity to maintain competitive advantages in the PCB industry [9] - The company is focusing on digital transformation to improve operational efficiency and reduce carbon emissions during production processes [11]