Impact of Accelerating AI-Driven PCB Demand on Shenzhen Kinwong Electronic Co Ltd
Shenzhen Kinwong Electronic Co Ltd (stock code 688521), a manufacturer headquartered in Haide 3rd Road, Shenzhen, specializes in the design, production, and sale of printed circuit boards (PCBs) for a global customer base. The company’s product portfolio includes double‑sided, aluminum, and four‑layer PCBs, as well as related circuit technologies. As of 2025‑12‑25, Kinwong’s share price closed at CNY 73.57, with a market capitalization of approximately CNY 72.45 billion and a price‑earnings ratio of 55.88.
Rising AI Demand for High‑End PCBs
A series of market reports released on 2025‑12‑29 indicate that the explosive growth of artificial‑intelligence (AI) applications is driving sustained increases in high‑performance PCB demand. Global AI infrastructure projects, including data‑center expansion, automotive electronics, and 5G communication systems, continue to stimulate orders for advanced PCBs. According to Prismark data, the global PCB industry is projected to grow from USD 73.6 billion in 2024 to USD 96.4 billion by 2029, representing a compound annual growth rate of 5.6 %.
Key industry observations highlight:
| Company | Expected 2025‑2029 Growth | Product Focus |
|---|---|---|
| DeFu Technology | Several thousand tonnes of HVLP1‑4 and RTF1‑3 high‑frequency PCBs | High‑frequency, AI‑centric boards |
| Jingwang Electronics | Accelerated mass production in AI server segment | High‑density, high‑tier HDI PCBs |
These trends suggest that suppliers of high‑grade PCBs, such as Kinwong, are positioned to benefit from a tightening supply environment and rising prices for premium components.
Market Position and Competitive Advantage
Kinwong’s established manufacturing capability in double‑sided, aluminum, and multilayer PCBs aligns with the industry shift toward higher‑density, high‑performance circuits. The company’s global distribution network and adherence to international quality standards provide a foundation for capturing a share of the expanding AI PCB market. Additionally, Kinwong’s relatively high price‑earnings multiple indicates investor confidence in its growth prospects, likely reflecting expectations of increased demand and margin expansion.
Exchange Activity and Sector Context
On 2025‑12‑29, the China Securities Index for Consumer Electronics (931494) reported a 0.94 % rise, driven in part by constituent stocks such as Kinwong (688521), which gained 7.45 %. The Consumer Electronics ETF (561600) also increased by 0.83 %, signaling broader investor optimism toward the hardware segment that supports AI technologies.
Outlook
Given the projected continuation of AI‑driven demand for high‑end PCBs through at least 2026, and the current supply constraints highlighted by industry analysts, Shenzhen Kinwong Electronic Co Ltd is well positioned to capitalize on this growth trajectory. The company’s product portfolio, global reach, and existing market share in premium PCB segments are likely to support incremental revenue growth and potential margin improvement in the coming years.
