Recently, market attention was drawn to rumors suggesting a "failure in price increase talks by a major PCB manufacturer," which were linked to the significant stock price drop of Shenghong Technology on May 14th.

In response, on the afternoon of May 15th, a representative from Shenghong Technology addressed investor inquiries, stating: "That online rumor is fabricated and contains false information. There are many factors influencing stock price fluctuations; you can observe that the entire PCB sector experienced a certain degree of correction today."

Regarding market concerns about cost pressure from upstream raw materials, the representative further commented that although prices for upstream materials like copper foil, resin, and glass fiber cloth have seen some increases, the profitability of high-frequency and high-speed CCL materials remains strong, allowing for effective absorption of these cost pressures. "So far, apart from fluctuations in bulk raw material prices such as gold, copper, and tin, which follow market trends, the prices of our main CCL materials and existing product specifications have remained relatively stable."

According to its 2025 annual report, Shenghong Technology has been deeply involved in the PCB industry for over two decades. It serves as a vice-chairman unit of the China Printed Circuit Association (CPCA) and is one of the organizations involved in setting industry standards. Data from Prismark ranks the company as the 6th largest global PCB supplier and the 3rd largest among mainland Chinese PCB manufacturers. For the first quarter of 2026, the company reported revenue of 5.519 billion yuan, a year-on-year increase of 27.99%, and net profit attributable to shareholders of 1.288 billion yuan, a year-on-year increase of 39.95%.

On May 15th, Shenghong Technology's stock price continued to weaken. As of 13:09, it was down 3.59%, trading at 342.09 yuan per share, with a total market capitalization of 331.2 billion yuan.