Shenghong Technology surged over 6% intraday to a new high, with the company stating that current orders on hand are full and business progress is smooth.

Sungreen Technology (02476) jumped more than 6% during the trading session, hitting a high of HKD 368 and reaching a new peak. As of the time of writing, the stock price had risen 4.69% to HKD 361.60, with a trading volume of HKD 559 million.

On the evening of May 8, Sungreen Technology released the latest investor relations activity record. In the exchange and interaction session, Sungreen Technology said that, at present, the company’s order backlog is full, business progress is going smoothly, and both order production and deliveries are being carried out normally. Sungreen Technology stated that the current capacity utilization rate of the Huizhou factory remains at a relatively high level. The company is making every effort to push forward capacity expansion and steadily advance the implementation of its 2030 goal of achieving a production output value of RMB 1 trillion. Currently, progress across all aspects is smooth, and the company’s pace of capacity expansion is already at an industry-leading level.

Caitong Securities believes that the AIPCB industry’s business sentiment continues to trend upward. Sungreen Technology is accelerating capacity construction and actively building inventory, which is expected to fully benefit from the demand growth driven by server upgrades. Guohai Securities said that Sungreen Technology is a full-category PCB supplier, with market share in the AI computing card and AI Data Center UBB & switch markets globally leading. The company embraces AI industry trends, actively expands production, and is expected to benefit fully in the future.

(Editor: He Chong)

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