Shennan Circuits expects Q1 net profit to increase by 55%-65% year-on-year, AI servers driving a surge in PCB demand | Financial Report News

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On April 14, Huadian Co., Ltd. released its performance forecast for the first quarter of 2026, expecting a year-on-year increase in net profit of up to 65%. This reflects the continuous boost to the printed circuit board industry from AI computing infrastructure construction.

The company expects the net profit attributable to shareholders of the listed company for the first quarter of 2026 to be between 1.18 billion and 1.26 billion yuan, up 54.76% to 65.25% year-on-year, compared to 762 million yuan in the same period last year. Net profit, after deducting non-recurring gains and losses, is expected to increase by 47.60% to 58.34% year-on-year, with about 745 million yuan in the same period last year. The quality of main business profitability has improved simultaneously.

Basic earnings per share are estimated to be between 0.61 and 0.65 yuan, a significant increase compared to 0.3969 yuan in the same period last year.

The continued expansion of high-speed computing servers and AI applications has brought structural demand to the printed circuit board industry that is distinct from the traditional consumer electronics cycle. The company listed high-speed computing servers and artificial intelligence, among other emerging computing scenarios, as the main drivers of growth for this period’s results in the announcement.

The company stated that, relying on its balanced product portfolio and years of deep cultivation in mid-to-high-end products and mass production technology, it has effectively captured the performance opportunities brought by this round of rising demand. It expects both operating income and net profit for the first quarter to increase compared to the same period last year.

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