SCC(SZ:002916)2024-05-21 12:21Business Overview - The company focuses on expanding its PCB business in the automotive electronics sector, particularly in new energy and ADAS, with a significant portion of products used in cameras and radar devices [3] - In Q1 2024, the demand for PCB products in the data center sector continued to grow, driven by the Eagle Stream platform and AI accelerator card needs [2] Financial Performance - The overall demand for packaging substrates in Q1 2024 remained stable compared to Q4 2023, with BT-type packaging boards maintaining stable mass production [3] - The company has invested 1.274 billion RMB in a factory in Thailand to expand overseas market presence, with construction progress ongoing [4] Material Costs - From 2023 to Q1 2024, the prices of key raw materials remained relatively stable, although some prices for precious metals and certain board materials have shown an upward trend [4] Technological Advancements - The company has achieved leading capabilities in FC-CSP packaging substrate products, with sample capabilities in MSAP and ETS processes reaching industry-leading levels [3] - The company is the largest domestic supplier of packaging substrates, covering all forms of WB and FC packaging [3] Market Trends - The demand for high-frequency, high-speed, integrated, miniaturized, and lightweight PCB products is increasing due to the urgent needs of the ICT industry for high computing power and high-speed networks [2]