Since the beginning of 2025, the commercialization of edge artificial intelligence applications has significantly accelerated, with products like AI smartphones and AIPC rapidly increasing their market penetration. Fields such as smart cars, robotics, wearable devices, and smart homes are also fully advancing towards AI upgrades.In this industrial development trend, the upstream hardware sector has first welcomed development opportunities. Among them, printed circuit boards (PCBs) have shown particularly outstanding market performance, especially for high-end products that meet the needs of AI servers and data center construction, where market demand is extremely strong.As a core component of modern electronic devices, PCBs are often referred to as the “mother of electronic products.” Their application fields are very broad, covering consumer electronics, automotive electronics, communication equipment, and more. Moreover, in emerging application scenarios such as artificial intelligence, new energy, and 5G, their application boundaries are continuously expanding.
In the competitive landscape of the PCB industry, several companies have stood out due to their advantages, demonstrating strong development momentum:
Seventh Place: Jin’an Guoji
: Focused on the supply of copper-clad laminates (CCL) and PCB base materials, it is an important manufacturer in the medium-thick copper-clad laminate field. Its products are widely used in consumer electronics and automotive industries, successfully establishing partnerships with internationally renowned brands like Dell and Samsung. In the first quarter of 2025, the company’s net profit achieved a significant growth of 212%.Sixth Place: Mankun Technology: Deeply engaged in the R&D and manufacturing of high-layer PCBs, its products are widely applied in automotive electronics and communication equipment, with AI server supporting products already in mass production. In the new energy vehicle market, Mankun Technology has gained favor from leading car manufacturers like Li Auto and NIO, with high-layer board revenue accounting for more than half of its total, and a year-on-year net profit growth of 313% in the first quarter of 2025.Fifth Place: Shenghong Technology: As a leading enterprise in the high-end PCB (high-layer boards, HDI) industry, Shenghong Technology is a core supplier of NVIDIA GPU boards, with products deeply involved in cutting-edge fields such as AI servers and Tesla’s autonomous driving modules. Its global market share for AI server PCBs ranks first, achieving mass production of 70-layer high-precision boards, and strategically avoiding trade risks through its base in Thailand, with a net profit growth of 339% in the first quarter of 2025.Fourth Place: Zhongke Electric: With a main business in electromagnetic equipment and lithium battery anode materials, it indirectly lays out the PCB industry chain through self-developed magnetic and electric equipment PCBs. The company has reached deep cooperation with CATL in the field of lithium battery anode materials, and breakthroughs in PCB technology have also enhanced equipment integration, with a net profit growth of 465% in the first quarter of 2025.Third Place: Guanghua Technology: As a supplier of electronic chemicals and new energy materials, Guanghua Technology provides copper etching solutions and packaging materials for high-end PCB manufacturing, with a PCB electronic chemical production capacity of 60,000 tons. As the proportion of high-end products continues to rise, it is also actively promoting the transformation of the new energy sector, with a net profit growth of 563% in the first quarter of 2025.Second Place: Shengyi Electronics: Focused on high-end PCB (high-speed multilayer boards, HDI) manufacturing, it is a core supplier for Huawei’s 5G base stations and Tesla’s automotive electronics, with products widely used in communication and automotive fields. With advantages in high-frequency and high-speed PCB technology, Shengyi Electronics ranks among the top in the global PCB top 100 in 2024, with a net profit growth of 656% in the first quarter of 2025.First Place: Huazheng New Materials: Specializing in high-frequency and high-speed copper-clad laminates and composite materials, its low dielectric loss copper-clad laminates provide critical performance support for AI servers and 5G base stations. The company’s high-frequency materials have been certified by NVIDIA, and it is collaborating with Huawei to develop the next generation of CCL for AI servers, achieving an astonishing net profit growth of 1953% in the first quarter of 2025.
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