胜宏科技_ 工厂调研_ 高速数据驱动 AI PCB 新产能爬坡与产品结构升级

31 December 2025 | 8:33AM HKT Equity Research 1. Accelerated AI PCB capacity expansion: The company facilitates capacity expansion of AI PCBs within a shorter period and will continue to expand its own capacity for AI demand. Besides existing product lines, Victory is also working on two new factories with larger scale in HuiYang and is expanding capacity in overseas sites incl. Thailand/ Vietnam. Management noted it is taking less time for the company to ramp up new capacity, supported by deep partnerships ...