Driven by AI demand, leading PCB company Shudian Co., Ltd. is expected to see a 42% year-on-year increase in revenue and a 48% year-on-year increase in net profit attributable to shareholders in 2025 | Financial Report Update

Benefiting from strong demand for printed circuit boards driven by emerging computing scenarios such as high-speed computing servers and artificial intelligence, Wus Printed Circuit saw both its revenue and profit in 2025 achieve year-on-year growth of over 40%. According to the company's performance report released on January 27, Wus Printed Circuit reported annual operating revenue of approximately 18.9 billion yuan, up about 42% year-on-year; net profit attributable to shareholders of about 3.822 billion yuan, up about 47.74% year-on-year; total assets also increased to about 28.3 billion yuan. Highlights from the performance report include: **Strong Financial Performance:** 2025 revenue of 18.9 billion yuan, up 42% year-on-year; net profit attributable to shareholders of 3.822 billion yuan, up 47.74% year-on-year; net profit after deducting non-recurring items was 3.761 billion yuan, up 47.69% year-on-year. **Improved Profitability:** Weighted average return on net assets reached 28.57%, up 4.32 percentage points from last year; basic earnings per share were 1.99 yuan, up 47.05% year-on-year. **Expansion of Asset Scale:** Total assets of 28.3 billion yuan, up 33.40% year-on-year; equity attributable to shareholders of 15.1 billion yuan, up 27.63%; net asset per share was 7.85 yuan. **Growth Driven by AI Demand:** High growth in performance mainly relied on demand for AI servers and high-speed computing, with product structure focused on mid-to-high-end printed circuit boards. AI demand drives growth in revenue and net profit, with asset scale expanding in tandem The company stated that **performance growth was mainly driven by structural demand for printed circuit boards in emerging computing scenarios such as high-speed computing servers and artificial intelligence.** From a financial perspective, the company’s weighted average return on net assets was 28.57%, up from 24.25% last year. Net profit after deducting non-recurring gains and losses was about 3.761 billion yuan, roughly in line with net profit attributable to shareholders. Operating profit accounted for about 23.3% of operating revenue, slightly higher than 22.2% in the same period last year. As of the end of the reporting period, the company’s total assets were about 28.3 billion yuan, up about 33.40% from the end of last year; equity attributable to shareholders of listed companies was about 15.1 billion yuan, up about 27.63% year-on-year. **The growth rate of total assets exceeded that of revenue and net profit, and the growth rate of shareholder equity was lower than that of total assets, reflecting that the company may have conducted corresponding asset expansion and adjusted its debt structure during the reporting period.** Risk Warning and Disclaimer The market has risks; investments must be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular situation. Any investment actions based on this are at their own risk.