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On September 21, Shenghong Technology, the PCB leader with a market capitalization of 100 billion yuan, surged. It closed 248 yuan/share on the same day, an increase of 9.23%, and the total market value reached 237.3 billion yuan. On the same day, there was a rumor that “a major North American customer placed an orthogonal backboard order, Shenghong won 70% of the share, and Google's TPU PCB performance guidelines were doubled.” At the same time, there are also some rumors about Shenghong Technology's performance growth in the second half of the year. In response, Financial News called Shenghong Technology to inquire. The wiring staff said, “The details of our cooperation with specific customers are kept confidential, and there is no way to discuss them.” Regarding rumored data such as a 50% month-on-month increase in performance in the second half of the year and the rise in stock prices, the staff member said, “The company did not anticipate or promise future results. The details are subject to the disclosed regular reports.” “There are many factors that influence stock prices. Today, the entire PCB and technology sectors are rising quite well.” The staff member mentioned it. Financial news notes that Shenghong Technology's orthogonal backplane business has received frequent attention before. According to the company's latest research records, disclosed on September 15, when some investors verified the truth of the rumor that “Shenghong failed the latest orthogonal backboard test,” the company responded that “due to commercial policy restrictions, it is inconvenient for unauthorized companies to discuss specific customer names and business conditions.” In addition, Shenghong Technology also mentioned at the time that the company always maintains close communication with customers and fully cooperates with the R&D and mass production of various product generations, and that the scale of product orders and shipments in a single quarter is affected by multiple objective factors such as customer rhythm and market demand.
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On September 21, Shenghong Technology, the PCB leader with a market capitalization of 100 billion yuan, surged. It closed 248 yuan/share on the same day, an increase of 9.23%, and the total market value reached 237.3 billion yuan. On the same day, there was a rumor that “a major North American customer placed an orthogonal backboard order, Shenghong won 70% of the share, and Google's TPU PCB performance guidelines were doubled.” At the same time, there are also some rumors about Shenghong Technology's performance growth in the second half of the year. In response, Financial News called Shenghong Technology to inquire. The wiring staff said, “The details of our cooperation with specific customers are kept confidential, and there is no way to discuss them.” Regarding rumored data such as a 50% month-on-month increase in performance in the second half of the year and the rise in stock prices, the staff member said, “The company did not anticipate or promise future results. The details are subject to the disclosed regular reports.” “There are many factors that influence stock prices. Today, the entire PCB and technology sectors are rising quite well.” The staff member mentioned it. Financial news notes that Shenghong Technology's orthogonal backplane business has received frequent attention before. According to the company's latest research records, disclosed on September 15, when some investors verified the truth of the rumor that “Shenghong failed the latest orthogonal backboard test,” the company responded that “due to commercial policy restrictions, it is inconvenient for unauthorized companies to discuss specific customer names and business conditions.” In addition, Shenghong Technology also mentioned at the time that the company always maintains close communication with customers and fully cooperates with the development and mass production of various product generations. Product orders and shipping scale in a single quarter are affected by multiple objective factors such as customer rhythm and market demand.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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