Victory Giant Technology (02476) rose more than 9% against the market trend. By the time of writing, the stock had gained 6.16% to HK$33.44, with a turnover of HK$1.647 billion. According to Prismark forecasts, the global PCB market for servers and data storage is expected to achieve a compound annual growth rate of 11% from 2023 to 2028, significantly higher than the overall PCB market growth rate of 5.4%. The market size for AI server PCBs is projected to increase from US$380 million in 2023 to US$4.06 billion in 2025, with its share of the total PCB market rising from 0.5% to 4.7%. Analysts at Wanlian Securities believe that the construction of AI computing power is still in its early stages, with strong demand in high-growth segments of the computing industry chain, such as PCBs and storage. Both sectors are currently in an expansion cycle, which is expected to drive upstream equipment and material demand. Public information shows that Victory Giant Technology specializes in the research, development, production, and sales of high-end, high-density interconnect, and high-layer printed circuit boards. After years of technological accumulation, the company has become a core supplier in the global AI and high-performance computing PCB field. Financial reports indicate that Victory Giant Technology's revenue for 2025 reached RMB 19.292 billion, a year-on-year increase of 79.77%, while net profit attributable to shareholders was RMB 4.312 billion, up 273.52% year-on-year. The company stated that with the accelerating penetration of AI technology across various sectors and the continuous expansion of global AI infrastructure and computing power demand, it has established deep partnerships with leading international clients, continuously optimized its product portfolio, and steadily advanced its global layout, achieving transformative growth in business performance.
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