Some resign from their official positions to return home, while others rush to the examination hall at night.
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Below are some recent cases of PCB companies that have declared bankruptcy or entered bankruptcy proceedings:
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1. Shenzhen Qunhui Electronics Co., Ltd.
- Founded in 2017, it focused on high-precision circuit boards, with products involved in military and other high-end fields. In June 2025, it was applied for bankruptcy, and in July, the court accepted the bankruptcy liquidation. The company’s account balance was only 88.53 yuan and was fully frozen, with total debts of 4.38 million yuan that it could not repay. The legal representative and relevant management personnel went missing, and the equity structure was highly concentrated (99.6% of the shares controlled by one person), ultimately becoming a “bankruptcy defaulter.”
2. Jiangmen Qinyun Circuit Technology Co., Ltd.
- In 2024, it was repeatedly listed as a dishonest executor, with an involved amount of approximately 3.96 million yuan, and the legal representative was restricted from high consumption 23 times. In June 2025, the Bank of China Jiangmen Branch applied for its bankruptcy, and some production equipment has been auctioned.
3. Wuping Tongcheng Electronic Technology Co., Ltd.
- Founded in 2010 with a registered capital of 3 million yuan, mainly engaged in PCB production. In May 2025, it was ruled by the court to undergo bankruptcy liquidation, having previously been involved in multiple lawsuits due to sales contract disputes, and its business license was revoked.
4. Meizhou Zhihao Electronic Technology Co., Ltd.
- Core production base under Wuzhu Technology, established in 2007 with a registered capital of 200 million yuan. In August 2025, it entered bankruptcy proceedings, having been an important part of Wuzhu Technology’s industrial layout, but in recent years fell into a cash flow crisis due to industry competition and technological iteration, with total tax arrears exceeding 4.97 million yuan.
5. Zhejiang Longyou Jinhong Electronic Technology Co., Ltd.
- Founded in 2016 with a registered capital of 3 million yuan, mainly engaged in FPC and PCB equipment manufacturing. In April 2025, the court accepted its bankruptcy case, having been repeatedly restricted from high consumption and listed as dishonest.
6. Yiwu Huikai Electronic Technology Co., Ltd.
- Founded in 2010 with a registered capital of 10 million yuan, mainly engaged in PCB materials. In April 2025, the court accepted its bankruptcy application, having been involved in multiple lawsuits with a total amount of approximately 57.94 million yuan, and its business license was revoked in 2024 due to long-term suspension of operations.
In summary, the bankruptcies of the above companies are mainly due to intensified industry competition, broken cash flow, debt disputes, and internal management issues.
From public news reports.