WUS(SZ:002463)2024-05-15 11:24Group 1: Financial Performance - In Q1 2024, the company achieved a revenue of approximately 2.584 billion RMB, representing a year-on-year growth of 38.34% [1] - The net profit attributable to shareholders was about 515 million RMB, with a year-on-year increase of 157.03%, resulting in an earnings per share of 0.2694 RMB [1] Group 2: Industry Trends - The demand for high-layer printed circuit boards (PCBs) is driven by the growing needs for AI servers and high-speed network systems, influenced by the rapid evolution of AI technology [1] - The traditional data center market is experiencing a slowdown due to inventory digestion by major cloud service providers, but overall demand is expected to rebound as inventory levels normalize [2] Group 3: Investment and Development - The company plans to invest approximately 510 million RMB in a technology upgrade project aimed at enhancing the production of high-density interconnect (HDI) PCBs for computing networks [2] - Continuous investment in technology and innovation is prioritized to adapt to future product and technology directions, ensuring a competitive edge [2] Group 4: Automotive PCB Market - The automotive PCB market is facing intense competition, particularly in the mid-to-low-end segments, while high-end segments show strong growth potential due to the rise of electric vehicles [3] - The company is integrating resources to optimize its automotive PCB business, focusing on the production of 48V mild hybrid systems [3] Group 5: Raw Material Prices - Raw materials account for over 50% of the company's main business costs, and fluctuations in commodity prices can impact production stability and profitability [3] - The company is actively monitoring raw material price trends and will employ various strategies to mitigate the impact of rising costs [3]