Zhitong Finance App News, Shenghong Technology (300476.SZ) issued an announcement. Currently, the company's production and operation are all normal, the supply chain is stable, the capacity utilization rate is at a good level, and customer order demand is strong. In future business development, the company will use its existing superior resources to continue to deeply cultivate the main PCB industry, seize the opportunities of rapid development of the AI computing power industry, continue to strengthen core competitiveness such as technological innovation, rapid mass production, scale advantage, and quality assurance, further optimize and broaden the high-end product range, and maintain steady progress in business performance.
Based on confidence in the company's future development prospects and recognition of the company's value, in order to protect the interests of investors and enhance investor confidence, the company received a repurchase plan proposal on October 16, 2026, with a repurchase amount of 150 million yuan to 300 million yuan. The company expedited board review arrangements and implemented share repurchases in accordance with regulations after the board of directors reviewed and approved the repurchase plan.
Downstream demand remains high, and in-hand order visibility is at a historically high level. The company's orders for high-multi-layer, high-grade HDI high-end products have continued until 2028, and some core customers have released long-term demand from 2027-2028. Facing 2027, order demand from major North American customers and ASIC customers is strong. The combined demand for the two has slightly exceeded the company's current production capacity carrying capacity. The company has sufficient raw materials, supporting personnel and production capacity resources, and management is confident that the company's subsequent production efficiency improvement and equity incentive performance goals will be achieved. At the same time, high-end production capacity was released in an orderly manner, and the “China+N” global layout continued to improve. The product structure and technical capabilities are continuously upgraded, and the cutting-edge process layout is leading.