WUS(SZ:002463)2024-01-24 09:26Group 1: Financial Performance - In Q3 2023, the company achieved revenue of approximately 60.82 billion RMB, a year-on-year increase of about 3.41% [1] - The net profit for Q3 2023 was approximately 4.6 billion RMB, reflecting a year-on-year growth of about 5.53% [1] - The revenue from AI servers and HPC-related PCB products was around 3.8 billion RMB, indicating strong growth [2] Group 2: Market Trends and Developments - The demand for automotive PCBs is expected to continue growing due to the increasing penetration of new energy vehicles and trends towards electrification and intelligence in the automotive industry [2] - The company has passed important certifications for data center servers and AI servers from major foreign internet companies and has begun bulk supply [2] - The global digital transformation driven by new information technologies such as AI, cloud computing, and big data will continue to increase the demand for high-performance PCB products [2] Group 3: Strategic Initiatives - The company invested approximately 776 million RMB in Huli Microelectronics to accelerate investment in high-end HDI products for automotive applications [3] - The company is enhancing production efficiency and quality through automation and smart production technologies [3] - A new production base in Thailand is being established to diversify supply chain risks, with an area of approximately 201,846.8 square meters purchased for future project needs [3] Group 4: Currency Risk Management - Approximately 85% of the company's export revenue is sensitive to the USD/RMB exchange rate, with a stronger dollar positively impacting exchange gains [4] - The company employs strategies to manage currency risk, including balancing foreign currency income and expenses and using foreign exchange derivatives to lock in costs [4]