Suntak(SZ:002815)2025-10-31 05:30Financial Performance - In the first three quarters of 2025, the company achieved revenue of CNY 5.593 billion, a year-on-year increase of 20.27% [2] - The net profit attributable to shareholders reached CNY 314 million, up 19.58% year-on-year [2] - In Q3 2025, the net profit attributable to shareholders was CNY 92 million, showing a significant year-on-year growth of 252.87% [3] Profitability Improvement Measures - The company is focusing on high-value customers and orders, optimizing the sales structure by eliminating loss-making orders and reducing low-margin orders [4] - Strengthening the sales team by expanding the overseas sales force and implementing a performance evaluation system that includes high-value customer development [5] - Enhancing cost management through standardized cost management practices to lower unit product costs [5] - Improving order delivery and customer service levels by optimizing internal communication and production scheduling [5] - Innovating product offerings to meet high-value customer demands, particularly in high-frequency and high-reliability PCB products [5] - Accelerating capacity expansion to meet future market demands, including upgrades at existing plants and new factory constructions [5] Raw Material Cost Management - The company is facing rising raw material costs, particularly for copper and other key materials, which are closely linked to commodity prices [6][7] - Measures to mitigate cost pressures include dynamic monitoring of costs, improving material utilization, and implementing price adjustments based on market conditions [7] Capacity Utilization and Expansion - The current overall capacity utilization rate is approximately 85% [8] - The company is actively optimizing and expanding its capacity, particularly in its Zhuhai plants and new facilities in Thailand [8] Subsidiary Performance - The subsidiary, San De Guan, has turned profitable in Q3 2025, despite ongoing challenges in the flexible printed circuit board (FPC) sector [9][10] - The FPC industry is expected to see a moderate growth of 3.6% in 2025, driven by improving market demand [9] Future Growth Drivers - The company anticipates growth in 2026 driven by increased demand in mobile, server, and communication sectors, with a focus on high-layer PCBs and IC substrates [10] - Plans to enhance product quality, cost control, and pricing strategies while developing new key customers in high-value sectors [10]