长江证券研报指出，深南电路2025年上半年实现归母净利润13.60亿元，同比增长37.75%；Q2实现归母净利润8.69亿元，同比增长42.92%、环比增长76.74%。深南电路深耕PCB行业多年，已成为中国电子电路行业的领先企业，中国封装基板领域的先行者。展望后市，针对PCB行业，公司通信领域得益于高速交换机、光模块产品需求增长，有线侧通信产品占比提升，产品结构进一步优化，盈利能力有所改善；数据中心领域订单同比取得显著增长，主要得益于AI加速卡、Eagle Stream平台产品持续放量等产品需求提升。针对封装基板行业，公司存储类产品在新项目开发导入上稳步推进，FC-BGA基板产品能力建设、FC-CSP精细线路基板和RF 射频基板技术能力提升等项目均按期稳步推进。维持“买入”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.