HONG KONG, Sept 29, 2026 – (ACN Newswire) – As worldwide AI design facilities financial investment goes into a boom stage, and with ongoing penetration of edge AI and lorry electrification and wise functions, the printed circuit board (PCB) market is taking advantage of both innovation updating and worth chain re-rating. Riding this market tailwind, Shenzhen Kinwong Electronic Co., Ltd. (“Kinwong” or the “Company”, 3228. HK), a leading worldwide PCB maker, formally noted on the Hong Kong Stock Exchange on September 29, 2026, finishing its “A+H” double listing platform.

The prospectus sets out a clear “1 +1+N” service structure: telecoms and information facilities (consisting of AI calculate) as the brand-new development motorist, matched by high-potential sectors consisting of clever gadgets and commercial control, with industry-leading automobile electronic devices as the steady base, creating a course of sustainable, premium development.

Taking the AI Compute Boom: AI Core Business Begins to Deliver

As one of the couple of makers providing PCB to worldwide leading AI calculating facilities business, Kinwong is leveraging its first-mover benefit to equate facilities tailwinds into strong monetary outcomes. According to the prospectus, in the very first 4 months of 2026, income from AI-related PCBs reached RMB268 million– a four-month worth currently about 35.1% above the full-year 2025 overall, raising its share of overall earnings to 5.0%. Driven by AI calculate need, profits from the telecoms and information facilities section rose from RMB772 million in 2023 to RMB1.591 billion in 2025, doubling in 2 years. In the very first 4 months of 2026, this sector represented 15.6% of overall profits, ending up being the crucial engine of total development.

Years of financial investment in high-end procedure innovation are now settling. As early as 2019, Kinwong proactively developed production bases for high-layer-count (HLC) PCBs and high-end HDI PCBs. Today, the Company has actually attained mass production of AI compute-related items, consisting of HLC PCBs with over 40 layers, 6-build-up 22-layer HDI PCBs, 14-layer HDI PCBs utilizing the mSAP procedure, and multilayer PTFE versatile PCBs. The Company has actually developed making ability for HLC PCBs above 70 layers and 9-build-up 28-layer HDI PCBs. In addition, consumer accreditation has actually begun for 11-build-up HDI PCBs. Especially, the 9-build-up 28-layer HDI PCB finished consumer certification in just 90 days, showing both item dependability and quick ramp-up speed.

Broadening into Edge AI: Full-Spectrum Hardware Plays

Beyond cloud computing and its recognized automobile organization, Kinwong is profiting from the edge AI pattern, extending the “N” in its “1 +1+N” method to mid- and high-end hardware throughout humanoid robotics, drones and commercial automation, placing early to record the gadget upgrade cycle. The Company has a strong customer electronic devices client base, serving 7 of the world’s leading 10 mobile phone brand names. As edge AI drives greater hardware specs, need for value-added items such as HDI and rigid-flex PCBs is increasing, opening sustainable development opportunities.

Driven by synergies throughout all sectors, Kinwong’s general efficiency has actually grown gradually. Per the prospectus, profits reached RMB10.757 billion, RMB12.659 billion and RMB15.308 billion in 2023, 2024 and 2025, while earnings for the year can be found in at RMB911 million, RMB1.160 billion and RMB1.244 billion respectively– 3 successive years of constant development on both leading and bottom lines. In the very first 4 months of 2026, profits struck RMB5.341 billion, revealing ongoing scale growth and strong through-cycle strength.

Automotive Electronics Anchors the Stable Cash Base: Funding AI Compute Expansion

Establishing and scaling high-end AI calculate PCBs needs significant and continual capital investment and R&D costs. Kinwong’s strong position in worldwide vehicle electronic devices PCB offers it strength and stable capital, supplying a steady monetary base for broadening into the high-barrier AI calculate market. According to CIC, based upon 2025 earnings, Kinwong was the world’s biggest vehicle electronic devices PCB provider with 10.6% market share, and ranked 11th amongst total PCB makers internationally with 2.5% share.

8 of the world’s leading 10 Tier 1 vehicle providers are core Kinwong clients, and its PCBs are utilized throughout items from all leading 10 international car manufacturers, showing strong consumer moats and high company presence. The Company’s operations supply a steady cash-generative base that, together with the IPO earnings and financial obligation funding, supports high-end capability build-out, consisting of the Zhuhai Jinwan base, developing a strengthening cycle: fully grown companies create money, emerging companies drive development.

Subject: Press release summary

Sectors: Electronics, Artificial Intel [AI]

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