The infrastructure related to AI computing power continues to maintain a high level of prosperity, becoming the core driver of the sector’s growth.
With strong demand for AI servers and accelerator cards represented by NVIDIA, there has been a rapid increase in the production of key materials such as high-layer high-speed boards, high-end HDI, and ABF substrates, leading to an explosive growth in PCB demand.
At the same time, the continuous upgrade of data centers and network communications has further expanded the market space. With the accelerated rollout of new-generation server platforms from Intel and AMD, as well as the ongoing evolution of switches and routers towards higher speeds, there has been a noticeable upward trend in the demand for high-performance PCBs, benefiting related industry chain segments.
Moreover, the advancement of automotive electronics and intelligence has opened up a new growth curve for the PCB industry. The increasing penetration rate of new energy vehicles has driven simultaneous increases in the quantity and technical requirements for PCBs in battery management systems and electric drive systems; meanwhile, the acceleration of ADAS towards higher levels has raised the demand for high-reliability, high-frequency, and high-speed PCBs.
This article compiles 6 companies in the PCB concept that are still severely underrated, and it is recommended to keep an eye on them!
Company 1: Hongchang Electronics
Core Concept: PCB concept + advanced packaging + 3D printing + NVIDIA concept
PCB Industry Layout: The company has related high-speed and high-frequency copper-clad laminate products, mainly used for servers and other high-speed communications, with direct customers being large PCB manufacturers such as “Hanyu Bode” and “Jianding Technology”.
Company Highlights: The company is a leader in the domestic electronic-grade epoxy resin field, and through continuous R&D of high-end, environmentally friendly products, it provides customized solutions, enhancing product competitiveness and maintaining an important position in the industry.
Company 2: Mingyang Circuit
Core Concept: PCB concept + energy storage + drones + chips
PCB Industry Layout: The company has been deeply involved in the PCB industry for over twenty years, leveraging significant advantages in refined management, process and technology innovation, quality control, and cost management, and has been selected for several consecutive years as one of the top 100 PCB companies in China by the China Printed Circuit Association (CPCA).
Company Highlights: As a national high-tech enterprise, Mingyang Circuit continuously applies advanced technology to provide high-quality PCB products and technical solutions for customers, aiming to become an innovation-driven international high-precision circuit manufacturer.
Company 3: China Jushi
Core Concept: PCB concept + new materials + wind power + fiberglass
PCB Industry Layout: The company’s fiberglass products used in the electronic communications (PCB) field account for about 15%, with overall order conditions being favorable.
Company Highlights: The company is a listed enterprise under China National Building Material Group and is the world’s largest fiberglass production enterprise. It also possesses world-class core independent intellectual property rights and has the capability for complete technology output, maintaining a leading position globally.
Company 4: Hengtong Group
Core Concept: PCB concept + lithium batteries + big data + synthetic biology
PCB Industry Layout: Electronic copper foil is an important raw material for making copper-clad laminates (CCL) and printed circuit boards (PCBs), and the PCB industry is a crucial component of the modern information technology industry.
Company Highlights: The company occupies an important position in the production of electrolytic copper foil, especially electronic copper foil and lithium battery copper foil, with significant growth in the production and sales of copper foil, becoming one of the main sources of operating income.
Company 5: Qiangda Circuit
Core Concept: PCB concept + millimeter-wave radar + CPO concept + components
PCB Industry Layout: The company’s main business is the R&D, production, and sales of PCBs, with its main products being single/double-sided PCBs and multilayer PCBs.
Company Highlights: The company occupies an important position in the PCB industry, and its products are primarily multilayer boards, especially with significant revenue growth in high-layer boards, achieving an annual compound growth rate of 16.66%.
Company 6: Foster
Core Concept: PCB concept + photovoltaic equipment + BC batteries + new materials
PCB Industry Layout: Photosensitive dry film is an important consumable used for transferring circuit patterns during PCB/FPC manufacturing, also known as dry film photoresist. The company has completed full coverage of the main markets for acid etching, electroplating, and LDI, reaching a leading level in the country.
Company Highlights: The company is a leading enterprise in global photovoltaic packaging materials, EVA films, and back sheets, with shipments of photovoltaic back sheet products rising to second globally in 2023. At the same time, with its technological R&D strength and market influence, it occupies an important position in its respective fields.
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Disclaimer: The above analysis does not constitute specific trading advice; the stock market has risks, and investment should be cautious!