SCC(SZ:002916)2024-06-13 10:07Group 1: Business Overview - In Q1 2024, the company experienced stable demand in the communication sector, with no significant improvement in wireless orders compared to Q4 2023, while wired side demands such as switches and optical modules saw growth [2] - The data center sector continued to grow, driven by the increasing demand for Eagle Stream platform products and AI accelerator cards [2] - The automotive electronics sector remains focused on new energy and ADAS, with stable demand in related areas [2] Group 2: PCB Business Development - The company has advanced HDI technology capabilities, applicable in communication, data centers, industrial control, medical, and automotive electronics [3] - Automotive electronics are a key focus area, with products primarily aimed at overseas and domestic Tier 1 customers, participating in some vehicle manufacturer R&D projects [3] - The packaging substrate business maintained stable demand in Q1 2024, with BT-type substrates in steady mass production [3] Group 3: Technical Capabilities - The company is the largest domestic supplier of packaging substrates, with comprehensive mass production capabilities across various packaging forms [3] - The company has achieved industry-leading levels in sample capabilities for FC-CSP packaging substrates and is progressing in the production of 14-layer and below products [3] - The company faces ongoing technical challenges in high-end product development and aims to accelerate breakthroughs in technology and market development [3] Group 4: Operational Efficiency - The overall utilization rate of the company's PCB and packaging substrate businesses has improved compared to Q4 2023 [3] Group 5: Electronic Assembly Business Strategy - The electronic assembly business focuses on communication, data centers, medical, and automotive electronics, leveraging the company's technology platform to provide integrated solutions and enhance customer loyalty [4]