On May 29, Shenghong Technology rose 4.79% in regular trading, trading at HK$461.6/share, with trading volume of approximately HK$289 million, extending its recent strong upward momentum.

On the news front, Morgan Stanley recently published a BOM teardown report on NVIDIA's next-generation Vera Rubin rack, revealing that single-rack PCB costs surged from US$35,100 for the GB300 to US$116,700, representing a 233% increase — the highest gain among all non-memory components in the supply chain. Shenghong Technology, as NVIDIA's Tier-1 core PCB supplier commanding 50%-55% of global AI server PCB orders, stands as a direct beneficiary of this value expansion. Additionally, Goldman Sachs maintains a Buy rating with a target price of RMB 550, adding the stock to its conviction list. The company also reported solid Q1 results with revenue of RMB 5.519 billion, up 27.99% year-over-year, and net profit of RMB 1.288 billion, up 39.95%.

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