Aoshikang Technology Co Ltd surges amid 6G‑era optimism and supply‑chain tightening
Aoshikang Technology Co Ltd (SZ:002913), a manufacturer of high‑density printed circuit boards (PCBs), opened the day on a 41.13 CNY close, comfortably positioned above its 2025‑04‑08 low of 19.7 CNY yet well below the 2025‑08‑13 high of 44.97 CNY. The company’s market capitalisation stands at 13.1 billion CNY, and its price‑to‑earnings ratio sits at 37.17, signalling a valuation that reflects the premium investors are willing to pay for a player that supplies the burgeoning 6G ecosystem.
6G‑related momentum drives the PCB sector
The 6G development cycle has injected fresh conviction into the PCB sector. On 21 January 2026, the “6G” sector rallied strongly, with Aoshikang among the first to hit the limit‑up band. The move was echoed across the market: Binhai Smart, Sega Technology, Xing Sen Technology and Zhi Zhen Technology also posted gains. The same day, the broader PCB concept space surged, with Aoshikang again locking in a limit‑up. Other PCB‑related stocks such as Xing Qi Micro‑Assembly, Ke Xian Shares, Guang He Technology, Shen Nan Circuit and Hou Dian Shares posted double‑digit gains.
Supply‑chain constraints add pressure
Underlying the rally are tightening raw‑material supplies. Japan‑based semiconductor‑materials firm Resonac announced a price hike of over 30 % on copper‑foil substrates (CCL), adhesive films and other PCB materials, effective from 1 March 2025. The announcement has intensified pressure on PCB suppliers, and Aoshikang’s management has positioned itself to meet the demand from the 6G supply chain, leveraging its high‑density board capabilities.
Institutional weight and guarantee progress
Aoshikang enjoys strong institutional backing. The 鹏华量化先锋混合 (PEG Quantitative Pioneer Mixed) fund, which disclosed its 2025 Q4 results on 20 January 2026, listed Aoshikang among its top ten holdings. The fund’s strong performance and high‑quality, low‑correlation alpha factors underscore confidence in Aoshikang’s business model.
Additionally, on 20 January 2026 Aoshikang filed a notice concerning the progress of providing guarantees to its subsidiary. This development, disclosed via the CNInfo portal, indicates ongoing efforts to consolidate the corporate structure and strengthen financial stability.
Forward‑looking view
Given the confluence of macro‑drivers—the 6G push, PCB demand surge, and a tightening supply chain—Aoshikang’s strategic positioning is poised for continued growth. The company’s ability to deliver high‑density PCBs to a global customer base, combined with institutional support and a clear roadmap for supply‑chain resilience, suggests that Aoshikang is well‑placed to capture a sizable share of the next‑generation electronics market.
