On June 17, Shenghong Technology (02476.HK) rose 3.16% in regular trading, trading at HKD 424.4/share, with turnover of HKD 270 million.

On the news front, the company explicitly denied market rumors claiming HDI product prices had declined over 50% year-over-year, stating that raw material prices for high-end products remain stable and product pricing is steady. The company confirmed that pricing negotiations for new products are proceeding as planned following market-based pricing principles.

Simultaneously, the company disclosed significant technical milestones, including capabilities exceeding 100-layer high-multilayer PCB, 10-stage 30-layer HDI, and 16-layer any-layer HDI. The company is actively advancing R&D certification for next-generation 14-stage 36-layer HDI. Institutional forecasts project Q2 net profit of approximately RMB 2.141 billion, representing 75.2% year-over-year growth, driven by robust AI PCB demand. The company also confirmed full order books, healthy capacity utilization, phased ramp-up of its Huizhou Plant 4, and ongoing expansion into GPU accelerator cards and TPU board supply.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)