On June 22, Shenghong Technology (02476.HK) rose 3.01% in regular trading, trading at 420.0 HKD/share, with turnover of 42.87 million HKD.

On the news front, the company recently explicitly denied market rumors claiming HDI product prices had dropped 50% year-over-year, stating that high-end product raw material prices remain stable and product pricing is steady, with new product pricing negotiations progressing smoothly as planned. The company also disclosed that it possesses technical capabilities for 100+ layer high-multilayer PCB and 10-stage 30-layer HDI, and is actively advancing 14-stage 36-layer HDI R&D certification and CoWoP technology development.

Goldman Sachs expressed confidence in the company's AI PCB business, citing strong end-demand from GPU and ASIC AI servers, timely capacity expansion, and robust R&D capabilities. Institutional forecasts project Q2 net profit of approximately 2.141 billion yuan, representing 75.2% year-over-year growth. The company confirmed sufficient orders on hand, with its Huizhou Factory Four project already in phased production.

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