1. Analysis of Industry and Company Business Model 1. Industry Landscape: A High-Barrier Cycle Dominated by Global Oligopolies Core Segments include High-Performance Computing (HPC), Data Center CPU/GPU, and AI Acceleration Chips, which are part of a global market, with major competition concentrated in the United States, China, and Europe. The industry exhibits a high degree … Read more
——The path of the gentleman is to strive for self-improvement; the gentleman carries the weight of virtue—— Today’s Analysis: Shenghong Technology (300476) As an “invisible champion” in the high-end PCB sector in China, Shenghong Technology is deeply intertwined with the AI computing power revolution, the popularization of smart vehicles, and the upgrading of data centers. … Read more
Five to six years ago, on a certain day in a high-rise office building in Nanshan, Shenzhen, I listened to the sales vice president of a thriving private enterprise in the industry talk confidently about the industry’s landscape and their advantages. He particularly mentioned Shiyun Circuit, saying: “Look how fast private enterprises are developing now; … Read more
During the outbreak of the pandemic in 2020, I heavily invested in a logistics equipment company. At that time, the global supply chain was at a standstill, and the demand for digitalization surged, causing its stock price to double within six months. However, the good times did not last long; as the industry faced overcapacity, … Read more