Did Shenghong Technology’s Q2 Order Influx from Key Clients Double Compared to Q1? The Company Responds
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Author:小编   

On March 26, market rumors suggested that Shenghong Technology's order volume from major clients had doubled in the second quarter compared to the first quarter, signaling a notable improvement in anticipated future performance. In response to these reports, a journalist reached out to Shenghong Technology, posing as an investor. A representative from the company stated that they were not privy to the specific reasons behind the stock price fluctuations and lacked detailed information on order volumes. Regarding plans for capacity expansion, the representative mentioned that most of the additional capacity expected this year would come from Plant 4 and Plant 9, both of which were completed last year. Any further increases, they noted, would hinge on the progress of the Thailand factory. Currently, the equipment for the second-phase renovation of the Thailand factory has largely been debugged, and efforts are underway for customer validation, factory audits, and the introduction of trial production runs.