SCC(SZ:002916)2025-04-08 08:48Group 1: Company Operations and Performance - The company's recent business operations and factory capacity utilization remain high due to ongoing demand in the computing power and automotive electronics markets [1] - The utilization rate for the packaging substrate business has improved compared to Q4 2024, driven by a relative recovery in the storage sector [1] - The overall capacity utilization rate remains at a relatively high level, with normal order intake across various business segments [1] Group 2: Investment and Expansion - The total investment in the Thailand factory amounts to 1.274 billion RMB, with construction progressing on schedule [2] - The establishment of the Thailand factory is aimed at expanding overseas markets and enhancing the company's global supply capabilities [2] Group 3: Market Impact and Strategy - Direct sales revenue from the U.S. accounts for less than 6% of the company's total revenue, indicating a limited impact from U.S. tariff policies [1] - The company is closely monitoring changes in the international trade environment and is in continuous communication with industry stakeholders to develop flexible responses [1] - The PCB industry is expected to evolve towards higher frequency, speed, precision, and integration, driven by advancements in generative AI, next-generation communications, and smart driving technologies [2] - In 2025, the company will continue to implement its "3-In-One" strategy, focusing on seizing market opportunities presented by rapid AI development while enhancing operational management for high-quality growth [2] Group 4: Compliance and Disclosure - The company adhered to the "Information Disclosure Management System" during the research process, ensuring no significant undisclosed information was leaked [2]