[Hot Topic] Leading Copper-Clad Laminate Manufacturer Provides Latest Response Regarding Nvidia Orders

On November 11, a question posed by a reporter on the "SSE e-Interaction" platform—a channel for communication between listed companies and investors—regarding the leading PCB manufacturer Shengyi Technology drew significant attention.

The question was direct: "There are reports today claiming that the company’s 'M9' product has had its orders canceled by NVIDIA due to quality issues. Is this true? Are there any material events that the company has failed to disclose?" That same day, Shengyi Technology responded on the platform: "The company has not received any notifications from end-customers regarding order cancellations. Our current production and operations are proceeding normally, and our order book remains full." The response further added: "Regarding the claims currently circulating online, the company offers no comment on their source or intent."

The reporter’s inquiry focused on whether the M9 product had faced order cancellations from NVIDIA. This exchange took place on the SSE e-Interaction platform on November 11. The reporter’s query addressed two main concerns: first, whether the market rumor—that NVIDIA had canceled orders for the M9 due to quality issues—was accurate; and second, whether there were any material events that the company was obligated to disclose but had failed to do so.

Shengyi Technology addressed each point in its response. Regarding the orders, it stated: "The company has not received any notifications from end-customers regarding order cancellations. Our current production and operations are proceeding normally, and our order book remains full." Regarding the rumors themselves, it noted: "The company offers no comment on the source or intent of the claims currently circulating online."

In the latter part of its response, the company shifted the focus to its operations and product structure: "The company continues to optimize its product structure. For the first three quarters of 2026, we achieved an operating revenue of 33.208 billion yuan—a 61.10% increase year-on-year—and a net profit attributable to shareholders of 6.727 billion yuan, representing a 175.36% year-on-year increase. We remain committed to strengthening our core competencies—such as quality, delivery, and cost management—while enhancing supply chain resilience, as we strive to create greater value for our shareholders."