OLYMPIC(603920) 北京韬联科技·2024-06-17 11:00Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company has seen a significant increase in profits, with a 45.9% year-on-year growth in net profit attributable to shareholders in Q1 2024 [6] - The company is ranked 32nd among the top 40 PCB suppliers globally, improving its position by 3 places from 2022 [10] - The company has a strong focus on automotive electronics, particularly in the electric vehicle sector, supplying major brands such as Tesla, BMW, and Mercedes [27] Company Overview and Performance - The company specializes in the research, production, and sales of various printed circuit boards (PCBs) [15][26] - The company’s revenue from domestic markets has been rapidly increasing, with a 40% year-on-year growth in net profit attributable to shareholders in Q1 2024 [9][30] - The company’s total revenue for 2023 was 45.19 billion, with a net profit of 4.96 billion [28] Market Behavior - The company has seen a significant increase in institutional investment, with public funds increasing their holdings from 2.69% in 2023 to 5.56% by the end of Q1 2024 [36] - The number of shareholders has been decreasing, indicating a concentration of ownership [39] Future Growth Potential - The PCB industry is expected to return to growth in 2024, driven by demand in sectors such as automotive electronics, military aerospace, and medical devices [5] - The company is actively involved in the low-altitude economy and has established partnerships with leading companies in this field [16]