Shenghong Technology: The company has a full order book, with high visibility of orders.

Shenghong Technology disclosed the investor relations activity record form. The company's fixed asset investment plan for 2026 will not exceed 18 billion yuan, mainly used for the construction of new factories and projects, equipment procurement, and the renovation and upgrade of automated production lines. In terms of technological research and development, the company has completed the verification of the electrical and thermal performance of M7 and M8 grade materials in products and is actively advancing the certification of M9/M10 grade materials to enhance the stability of high-frequency signal transmission and meet the requirements of the next generation of AI chip architecture. The company is deeply involved in the core customer orthogonal backplane project cooperation research and development, entering the proprietary technology accumulation stage ahead of schedule and closely coordinating with customer production schedules. In terms of business layout, the company focuses on key technologies of GPU and CPU, focusing on high-end AI, automotive electronics, high-speed transmission, and other fields, and is working on cutting-edge technologies such as PCIe 6, Oak stream platform, 800G/1.6T high-speed transmission equipment, and chip testing 10mm thick plates. Currently, the company has a full order backlog, with high order visibility. The company has established its operating plan for 2026, aiming to consolidate its existing core customer cooperation foundation, deepen strategic cooperation with global technology giants, and expand the supply scale of core products such as GPU accelerator cards and TPU supporting boards.