WUS Printed Circuit — Database

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Overview

WUS Printed Circuit was founded in Kunshan, Jiangsu in 1992 and listed on the Shenzhen Stock Exchange in 2010. The company has stayed focused on a single business - the design, development and manufacture of printed circuit boards - under a strategy it describes as 'PCB first, nothing else'. Its boards serve telecom equipment, automotive electronics, industrial equipment, data centres, networking, microwave and RF systems, and semiconductor test. As AI compute demand took off, its high-layer-count and high-frequency boards became the physical carrier for data-centre switches and accelerator modules.

5Products 1People 11Company links

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Products

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Enterprise communication PCB

High-layer high-frequency boards for data-centre switches and routers

Data-centre accelerator board

Boards for AI accelerator cards and OAM modules

Automotive PCB

Millimetre-wave radar, ADAS and body-control boards

Semiconductor test board

High-pin-count boards for wafer and final test

Industrial and office equipment PCB

Multi-layer boards for industrial control and office machines

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Highlights

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01Revenue of RMB 13.69 billion (+61.2% YoY) and net profit of RMB 2.92 billion (+73.7% YoY) in H1 2026, with gross margin at 38.7% and ROE at 17.4%.
02Full-year 2025 revenue reached RMB 18.95 billion (+42.0% YoY) with net profit of RMB 3.82 billion (+47.7% YoY).
03Headcount stands at 15,243 with a debt-to-asset ratio of 52.2%; R&D spending reached RMB 863 million in H1 2026.

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