Group 1: Company Performance - The demand for AI servers and data communication products continues to rise, driving growth in the PCB industry, particularly in high-layer and HDI boards [2] - In Q1 2025, the company achieved revenue of CNY 959.85 million, a year-on-year increase of 27.89%, and a net profit of CNY 116.77 million, up 83.60% [2] Group 2: PCB Industry Trends - The global PCB industry is expected to grow by 7.6% in 2025, driven by the AI industry chain, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [3] - High-layer boards, IC packaging substrates, and HDI boards are projected to have high growth rates of 15.7%, 7.4%, and 6.4% respectively over the next five years [3] Group 3: Competitive Advantages - The company employs an innovative R&D model focused on niche markets and application scenarios, enhancing its competitive edge in the PCB industry [5] - By providing one-stop solutions across various PCB production processes, the company enhances customer service capabilities and strengthens its market position [6] Group 4: Market Opportunities - The high-layer HDI board market is experiencing significant growth, particularly for AI servers, with increasing complexity in product structures [7][8] - The company is recognized for its ability to provide comprehensive solutions for high-layer HDI boards, which are critical for advanced applications [8] Group 5: Strategic Planning - The company aims to become the most respected and trusted PCB equipment service provider globally, leveraging technological upgrades and new competition dynamics [9] - Focus will be on high-growth areas such as HDI boards and flexible boards, with an emphasis on breaking foreign technology monopolies through innovative manufacturing solutions [10]
大族数控(301200) - 2025年6月30日投资者关系活动记录表