VGT(SZ:300476)2025-07-28 14:00Group 1: Company Overview and Core Competencies - The company embraces AI and focuses on technological innovation and product layout to enhance core competitiveness [3] - It has established a leading position in AI computing power, AI servers, and AI HDI PCB technology, with a 2-3 year lead in market production technology [3] - The company maintains high reliability and stability in its products, achieving zero-defect production through AI-driven quality control [3] Group 2: Market Trends and Growth Potential - The PCB industry is entering a new growth cycle driven by the AI technology revolution, with a projected compound annual growth rate (CAGR) of over 20% for AI PCBs over the next five years [5] - Demand for high-layer and high-density interconnect (HDI) PCBs is expected to significantly increase, driven by advancements in AI, autonomous driving, and other high-tech fields [5] Group 3: Research and Development Strategy - The company focuses on key technologies such as CPU and GPU, with a proactive approach to technology layout in AI and new communication technologies [6] - Continuous investment in R&D and resource integration is aimed at enhancing innovation capabilities and improving product development efficiency [7] Group 4: Production Capacity and Market Share - The company is expanding its production capacity for high-end products, including HDI and multi-layer boards, to meet global customer demand [9] - Current production capacity utilization is high, with significant orders in hand for high-end products, ensuring a solid foundation for capacity digestion [9] Group 5: Investor Relations Activity - The investor relations activity included a company tour and presentations on core competencies, with participation from 179 institutional and individual investors [1] - The event did not involve the disclosure of any undisclosed significant information [10]