2 October 2026 | 5:46PM HKT Equity Research Inspur (000977.SZ): AI server growth on rising AI demand in China; 2Q26 NI better than midpoint guidance; Sell As the leading supplier of AI servers for leading China CSPs, the company continues to ride on growing China CSP capex and company's comprehensive product offerings (computing platform, liquid cooling solution, Agent infrastructure to improve efficiency). The company's 2Q26 NI was 19%/ 14% higher than our estimates and company's midpoint guidance (Report ...

China PCB : Grace Fabric (603256.SS) Mgmt. call: AI drives high-end electronic fabric and yarn; Capacity in expansion 12 October 2026 | 11:51AM HKT Equity Research We hosted Grace Fabric (603256.SS, Not Covered) management recently. Grace Fabric offers a comprehensive suite of electronic fabric products, including the high-end electronic fabric segment. Overall, management is positive on the specification upgrade of electronic fabric towards higher functionality (for example, low Dk/ Df, low CTE), driven by ...

19 October 2026 | 5:35AM HKT Equity Research Victory Giant (300476.SZ): AI PCB toward next-generation platform; capacity expansion on strong order growth and latest technology; Buy Allen Chang +852-2978-2930 | allen.k.chang@gs.com Goldman Sachs (Asia) L.L.C. Verena Jeng +852-2978-1681 | verena.jeng@gs.com Goldman Sachs (Asia) L.L.C. Ting Song +852-2978-6466 | ting.song@gs.com Goldman Sachs (Asia) L.L.C. Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, ...