Focus Stock》Jinxiang Electronics: AI ASIC market share continues to increase! Return to the Thousand Gold Club

PCB factory Jinxiang Electronics (2368) earned 28.41 yuan per share in the first three quarters, and its gross profit margin in the third quarter was significantly better than expected. American foreign investors issued the latest report and were optimistic about the future of Jinxiang Electronics. American foreign investors pointed out that Jinxiang Electronics’ fourth-quarter revenue increased by about 7% quarter-on-quarter, as major AI customers continued to switch products, and the demand for high-end network communications has increased significantly since the fourth quarter. They continue to be optimistic about Jinxiang Electronics’ AI ASIC PCB The competitive position in the market is that Amazon AWS Trainium 3 is expected to capture more than 70% of the main market share from the third quarter. The market share of the next-generation Trainium 4 still has room to further increase. Major competitors are currently unable to support high-end AI HDI products. As Jinxiang Electronics continues to improve the mass production yield rate of AI HDI, the company is expected to gain a greater market share.

As of about 9:15, Jinxiang Electronics' stock price rose 5.29%, temporarily trading at 1,035 yuan, with a trading volume of more than 3,788 contracts.

American foreign investors pointed out that Jinxiang Electronics is expected to start supplying new TPU PCB products, which is expected to significantly increase its market share in the next few quarters. Its TPU PCB market share will increase from less than 5% this year to more than 20-30% next year. Jinxiang Electronics' production capacity is expected to expand by about 20% next year. If the higher ASP (product average unit price) of the next generation AI products is included, the value of production capacity next year is estimated to increase by more than 35% annually.