Chongqing Yidong 1000 kV Substation's 500 kV Project Passes Review, Set for 2028 Operation

Recently, the State Grid Corporation of China (SGCC) held the second open tender for pre-service of UHV projects in 2026, including the Qinghai-Hainan Clean Energy Base Power Transmission to Guangdong Project (SGCC section) and the flexible DC converter station for the transmission end of the project. Among them, the feasibility study and design and investigation of the converter station include the relevant projects of the flexible DC converter station at the sending end, with a total maximum price of 112 million yuan.

Shennan Circuits disclosed its investor relations activity record. The PCB business benefited from growing demand for AI computing infrastructure hardware-related products, with factory capacity utilization rates staying high. The packaging substrate business, driven by demand boosts from storage and processor chip substrates, maintained the elevated capacity utilization rate levels seen since Q4 2025. For the Guangzhou packaging substrate project, the capacity ramp-up of BT-type packaging substrates progressed steadily. FC-BGA packaging substrates achieved mass production of products with 22 layers and below, while R&D and sampling of products with 24 layers and above advanced on schedule. The Nantong Phase IV and Thailand factory projects were successfully connected and put into production in H2 2025, with capacity currently ramping up steadily. Capital expenditure in 2026 will primarily focus on PCB and packaging substrate businesses, with key investments directed toward the Wuxi high-speed, high-density, and high-multilayer electronic circuit product project, the Guangzhou packaging substrate factory construction, as well as subsequent payments for the Nantong Phase IV and Thailand factory projects.