On May 27, Shenghong Technology (02476.HK) rose 3.8% in regular trading, trading at HK$454.4/share, with trading volume of HK$414 million, extending its recent strong upward momentum.

On the news front, Morgan Stanley recently released a BOM teardown report on NVIDIA's next-generation Vera Rubin rack, revealing that single-rack PCB cost 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 chain expansion. Goldman Sachs has maintained a Buy rating with a target price of RMB 550, placing the stock on its conviction list, further reinforcing market confidence.

Additionally, the company recently stated on an investor interaction platform that it is closely monitoring new industry technologies and product applications, prioritizing R&D innovation and product upgrades while fully supporting clients' new product development and mass production efforts.

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