Shengyi Technology (02476.HK) issued a clarification statement denying negative rumors about losing NVIDIA orders and facing quality issues. The Hong Kong-listed PCB manufacturer stated that AI-related product demand remains strong, with orders continuously growing and production proceeding normally. The clarification responds to online rumors alleging NVIDIA's quality department received multiple negative reports and that the company lost orders worth approximately RMB 5 billion from August to next year's first half. Shengyi emphasized its long-term strategic partnerships with leading AI clients and reserved the right to pursue legal action against rumor spreaders.
Shengyi Technology Denies Quality Issues and Order Loss
Shengyi Technology stated that current AI-related PCB product demand is strong, with orders in hand continuously growing and production and shipments proceeding normally. The company noted that orders from leading clients continue to increase. The company emphasized it is a long-term strategic partner of leading domestic and international AI clients, always viewing "quality" and "safety" as the enterprise's lifeline, and strictly managing according to customer standards.
The company stated it maintains close communication with core customers, and research and development iteration products jointly developed with customers are progressing smoothly. Some clients have released long-term demand through 2027-2028, and the company expressed full confidence in subsequent production operations and benefit realization. Regarding the spread of false rumors through online platforms and WeChat groups, which caused adverse effects on the company's reputation and normal business order and seriously misled investors, the company reserved the right to pursue related responsibilities through legal channels.
Market Rumors Allege NVIDIA Order Loss Worth RMB 5 Billion
Recent market rumors circulated that Shengyi Technology faces significant quality risks. According to the rumors, NVIDIA's quality inspection department received multiple quality inspection reports, and after evaluation, there is a high probability of no longer continuing cooperation with Shengyi Technology. The rumors alleged that Shengyi Technology lost all orders from August to next year's first half, involving an amount of approximately RMB 5 billion.
Shengyi Technology described these rumors as seriously false, noting they spread through online platforms and brought significant negative impact to the company. The company stated the rumors about its products, market share, and project progress severely misrepresented facts.
FAQ
What did Shengyi Technology deny in its clarification statement?
Shengyi Technology denied rumors about losing NVIDIA orders and facing quality issues. The company stated that AI-related PCB product demand remains strong, orders continuously grow, and production proceeds normally. The company emphasized its long-term strategic partnerships with leading AI clients and strict quality management according to customer standards.
What do the market rumors allege about Shengyi Technology's NVIDIA orders?
Market rumors alleged that NVIDIA's quality inspection department received multiple negative quality reports about Shengyi Technology. The rumors claimed a high probability that NVIDIA will no longer continue cooperation, and that Shengyi Technology lost all orders from August to next year's first half, involving approximately RMB 5 billion.
