This article is the growth capability of the PCB series, and 35 PCB companies are selected as research samples.
The growth ability evaluation indicators selected in this article include compound revenue growth, net profit compound growth, compound growth deduction of non-net profit, and compound growth of operating net cash flow, and use the operating data of the past five years as a reference. The data is based on history and does not represent future trends; it is for static analysis only and does not constitute investment advice.
From the perspective of compound revenue growth in the past five years, Sihui Fortune, Dongshan Precision, Shenghong Technology, and Zhongjing Electronics have a compound growth rate of more than 30%, of which Sihui Fortune has a compound growth rate of 35.70%. Sihui Fushi’s main business is the R&D, production and sales of printed circuit boards. The company’s main products include double-sided boards, multilayer boards, cover HDI boards, thick copper boards, metal substrates, rigid-flex boards, high-frequency high-speed boards, etc. . In terms of revenue composition, printed circuit boards are the main source of revenue, with revenue accounting for 98.0% and gross profit margin 32.0%.
Judging from the compound growth of net profit in the past five years, six companies including Dongshan Precision, Shanghai Electric Co., Ltd., Xunjiexing, Shennan Circuits, Bomin Electronics, and Kexiang Co., Ltd. have a compound growth rate of more than 40%. Among them, Dongshan Precision has a compound growth rate of 80.54. %. Dongshan Precision’s main business is Electronic circuits, optoelectronic displays and precision manufacturing. The company’s main products include electronic circuit products, touch panels and liquid crystal Display modules, LED display devices, and precision component products. In terms of revenue composition, electronic circuit products are the main source of revenue, accounting for 66.82% of revenue, with a gross profit margin of 16.98%; revenue from touch panels and liquid crystal display modules accounted for 14.56%, with a gross profit margin of 12.40% ; Revenue from precision component products accounted for 10.66%, with a gross profit margin of 17.40%; LED display device revenue accounted for 7.70%, with a gross profit margin of 14.34%.
From the perspective of the compound growth of non-net profit in the past five years, the compound growth of Dongshan Precision, Shanghai Electric, Zhongjing Electronics, and Shennan Circuits exceeded 50%. Among them, the compound growth of Shanghai Electric Power reached 99.92%. Hudian’s main business is the production, sales and related after-sales service of various printed circuit boards. Its main products are 14-38-layer corporate communication market boards, medium and high-end automotive boards, office and industrial equipment boards, semiconductor chip test boards, etc. The company is one of the largest and most powerful PCB manufacturers in China, with a production capacity of 1.6 million square meters of printed circuit boards. In terms of revenue composition, corporate communications market revenue accounted for 72.86%, with a gross profit margin of 32.25%; automotive sales accounted for 17.82%, with a gross profit margin of 25.85%.
Judging from the compound growth of operating net cash flow in the past five years, the compound growth of five companies including Benchuan Intelligent, Shengyi Electronics, Guangdong Junya, Dongshan Precision, and Huazheng New Materials have all doubled. Among them, the compound growth of Benchuan Intelligent has reached 400.00%. The main business of Benchuan Intelligent is the research and development, production and sales of printed circuit boards. The company’s main products are various types of printed circuit boards, which are divided into single/double panels and multi-layer boards. The company is one of the first few manufacturers in the industry to overcome the production technology of medium and high frequency multilayer boards for 5G base station antennas. In terms of revenue composition, PCB is the main source of revenue, accounting for 96.85% of revenue, and gross profit margin of 27.70%.