Pengding Holdings Plans to Invest 11 Billion Yuan to Build High-End PCB Production Base

Securities Times Reporter Liu Qian

On the evening of March 17, Pengding Holdings (002938) announced that its wholly-owned subsidiary Qingding Precision signed an investment agreement with the Huai’an Economic and Technological Development Zone Management Committee, planning to invest 11 billion yuan to build a high-end PCB project production base.

Pengding Holdings stated that this investment is based on the overall strategic plan. The company is seizing the wave of AI (artificial intelligence) technology development to accelerate the layout of high-end PCB product manufacturing. This will help expand operational scale, promote technological upgrades and product iterations across various product lines, thereby improving the company’s operating efficiency. The project aligns with national industrial policy guidance and industry development trends. The investment will be funded by the company’s own funds and self-raised funds, and will not have a significant adverse impact on the company’s financial condition or daily operations.

Pengding Holdings’ previous performance brief indicated that last year, the company achieved operating revenue of 39.147 billion yuan, an increase of 11.40% year-on-year; net profit of 3.738 billion yuan, up 3.25% year-on-year; and basic earnings per share of 1.61 yuan.

Pengding Holdings is one of the few large-scale professional manufacturers worldwide that can simultaneously develop, design, manufacture, and sell all types of PCBs. It offers a diverse range of high-quality PCB products, including FPC, SMA, SLP, HDI, RPCB, RigidFlex, and others, widely used in communication electronics, consumer electronics, high-performance computers, EVs, and AI servers.

Regarding performance growth, Pengding Holdings stated that the global PCB industry is experiencing rapid development in 2025. The company accurately grasps industry trends by consolidating existing customer share and expanding into emerging business areas, achieving steady revenue growth.

At the same time, rising raw material prices and increased exchange rate fluctuations have put pressure on cost control and profit growth. Pengding Holdings said that to seize opportunities in the AI server market, the company continues to increase capital expenditure. In the short term, the increase in depreciation expenses also poses some pressure on profit growth. In response to these challenges, the company actively maintains supply chain stability, deepens cost reduction and efficiency improvements, keeps abreast of market trends, and actively develops new customers and products to maintain steady profitability.

In mid-January this year, during an institutional survey, Pengding Holdings stated that in the field of computing power, the overall certification progress of customers is smooth. It is expected that this year will be the first year of direct customer orders for computing power, and as production capacity is released and orders are gradually fulfilled, related businesses will become important growth engines for the company.

Pengding Holdings also revealed that AI glasses and humanoid robots are highly promising sectors with significant growth potential. Currently, the company is a major supplier for mainstream AI glasses customers. Due to the high requirements for lightweight and fashion in AI glasses, the popularity of AI glasses is expected to significantly increase demand for high-end PCB products. In the field of humanoid robots, the company has engaged in in-depth cooperation with leading clients on PCB application scenarios and product development, and related circuit board products are already being supplied.

(Editors: Wang Zhiqiang HF013)

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