Goldman Sachs initiates coverage of three leading PCB companies for the first time.

On January 22nd, the PCB (Printed Circuit Board) sector strengthened again, with a large influx of funds. Recently, Goldman Sachs released a research report covering three leading companies in the A-share PCB sector for the first time, all of which were given a "buy" rating. At the same time, several domestic brokerages are also optimistic about the future performance of the PCB sector. In the report, Goldman Sachs covered for the first time three companies: Sheng Hong Technology, Hudian Group, and Shengyi Technology, all of which received a "buy" rating. It is estimated that the average compound annual growth rate of net profit for these three companies from 2026 to 2028 will reach 57%, 47%, and 50% respectively, and their operating profit margins in 2028 are expected to expand to 33%, 26%, and 20% respectively.