Today, we will analyze Founder Technology Co., Ltd. (600601) from three perspectives: company operations, recent significant events, and future development directions.
1. Company Operations
Founder Technology primarily engages in printed circuit board (PCB) and smart city businesses.
The PCB business covers high-layer boards, HDI boards, and optical modules, with products applied in communication equipment, automotive electronics, AI servers, and more, serving clients such as Huawei and NVIDIA.
The smart city business provides solutions for smart parks, transportation, and government affairs, having been implemented in over 20 cities nationwide.
In the first three quarters of 2025, the PCB business revenue accounted for over 98%, with significant growth in the smart city business.
2. Recent Significant Events
On November 3, 2025, Founder Technology’s application for a stock issuance to specific targets was approved by the Shanghai Stock Exchange, aiming to raise 1.98 billion yuan for the AI and computing high-density interconnect circuit board industrial base project, with a total investment of approximately 2.1 billion yuan.
On November 18, the company announced that the controlling shareholder committed to subscribe for no more than 23.5% of the issued shares.
Additionally, the company’s smart manufacturing base project in Thailand has commenced, with an initial investment of approximately 1.223 billion yuan.
3. Future Development Directions
Founder Technology will focus on dual main businesses of high-end PCBs and smart cities.
In terms of PCB business, it will accelerate the layout in high-value areas such as AI servers and optical modules, increase the proportion of high-end products, and consolidate its global leading position. The production of the Thailand base will support global capacity and meet international customer demands.
The smart city business will deepen the “overall package + long-term operation and maintenance” model, expanding market share in smart parks, transportation, and other fields.
At the same time, the company plans to raise 1.98 billion yuan through a targeted issuance to enhance the R&D and production of AI and computing HDI boards, driving a new round of growth.
In the future, Founder Technology will rely on its technological accumulation and project experience to promote the coordinated development of high-end PCBs and smart city businesses, enhance core competitiveness, and achieve sustained performance growth.
Disclaimer: Investment carries risks, and caution is advised when entering the market! The above is merely a personal opinion, with some views summarized from public information, intended for sharing and learning exchange, and should not be used as a basis for buying or selling, nor does it constitute any investment advice!