Suntak(SZ:002815)2025-04-30 10:10Financial Performance - The company's gross margin improved from 19.25% in Q4 2024 to 23.35% in Q1 2025, indicating significant enhancement [2][3] - Non-GAAP net profit increased by 6.14% year-on-year and 263.02% quarter-on-quarter, while operating revenue grew by 16.07% year-on-year, reaching a historical high [3][4] Strategic Measures - Focused on key markets and clients, enhancing sales strategies for major industries such as mobile, automotive, and communications [2][3] - Implemented structural adjustments by managing loss-making orders and optimizing customer structure, leading to improved profit margins [2][4] - Increased investment in R&D, particularly in high-end PCB products, to enhance competitiveness [3][4] Market Outlook - The global PCB market is expected to grow by 6.8% in 2025, with a 7.0% increase in shipment volume, driven by demand in sectors like AI servers and high-speed networks [8][11] - The company anticipates strong sales growth in key sectors, including mobile and automotive, due to rising order demand [9][11] Capacity Expansion - The company is accelerating capacity expansion in its factories to meet future market demands, including the construction of new facilities in Thailand [10][12] - Current capacity utilization stands at approximately 85% [11] Shareholder Engagement - The company aims to enhance communication with investors and explore measures to improve shareholder returns, including potential dividend policy optimization [5][7] - Management acknowledges the pressure on investors due to stock price fluctuations and is committed to improving the company's market value through performance enhancement [5][6]