Shenghong Technology responds to price pressure: Stable prices for high-end PCBs already in production, new products follow market pricing principles.

Shenghong Technology announced the investor relations activity record, which mentioned that the company has already started mass production of some ASIC-related PCB products and the business is progressing smoothly. As for the supply and demand situation, Shenghong Technology stated that the company currently has a full order book, with the business progressing smoothly and orders being produced and delivered as scheduled. Looking ahead to the mid-term, the supply of high-end products is expected to remain relatively tight, with sufficient demand downstream to absorb additional production capacity. When asked whether Shenghong Technology will be pressured by customers to lower prices, the company stated that the prices of raw materials for its high-end products in mass production are stable, product pricing is relatively steady, and pricing for new products follows market-oriented pricing principles, which will be determined through negotiations with customers based on factors such as the manufacturing difficulty of specific product material numbers, market supply and demand, and fluctuations in raw material prices.