WUS(002463)2024-05-16 09:05Group 1: Financial Performance - In Q1 2024, the company achieved revenue of approximately 2.584 billion CNY, representing a year-on-year growth of 38.34% [1] - The net profit attributable to shareholders was approximately 515 million CNY, with a year-on-year increase of 157.03% [1] - Earnings per share reached 0.2694 CNY, reflecting a year-on-year growth of approximately 155.11% [1] Group 2: Industry Trends - The demand for high-layer PCBs is driven by the growing needs of AI servers and high-speed network systems, influenced by the rapid evolution of AI technology [1] - The traditional data center market is experiencing a slowdown due to inventory digestion by major cloud service providers, but overall demand is expected to rebound [2] - The automotive PCB market faces intense competition due to the rapid penetration of new energy vehicles and price wars among traditional and new car manufacturers [2][3] Group 3: Strategic Initiatives - The company plans to invest approximately 510 million CNY in a technology upgrade project for high-density interconnect PCBs aimed at enhancing product quality and production efficiency [2] - The company is focusing on integrating production and management resources to expand capacity in response to market demands [2] - The establishment of a subsidiary in Thailand is expected to achieve mass production by Q4 2024, addressing supply chain risk diversification [3] Group 4: Raw Material Costs - Raw materials account for over 50% of the company's main business costs, with recent commodity price fluctuations impacting production stability and profitability [3] - The company is actively monitoring international commodity price changes and maintaining communication with suppliers and customers to mitigate cost pressures [3]