Hongxin Electronics

Hongxin Electronics (SZSE: 300657) is a Chinese flexible printed circuit (FPC) leader headquartered in Xiamen. Founded in 2003 and listed on the Shenzhen Stock Exchange in 2017, the company supplies FPC, rigid-flex boards and backlight modules, and has expanded into AI computing with green intelligent computing centers and AI server manufacturing bases. It partners with NVIDIA and Huawei Ascend, serving customers such as Alibaba, ByteDance, BYD, CATL and Xiaomi.

• 01China's leading flexible printed circuit (FPC) manufacturer, listed on ChiNext in 2017.
• 02Signed computing resource service orders totalling RMB 9.744 billion by H1 2026, of which RMB 1.813 billion had been settled and RMB 1.465 billion recognised as compute revenue.
• 03Its Suihong Huachuang AI server brand holds an order backlog above RMB 7.5 billion with 100,000 units of annual production capacity.
• 04Revenue reached RMB 7.31 billion in FY2025, up 24.5% year on year; 2024 revenue was RMB 5.875 billion, up 68.91%.
• 05Runs a green intelligent computing centre in Qingyang, Gansu, where wind and solar power push electricity costs down to RMB 0.25-0.4 per kWh.

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