China-based PCB maker Shennan Circuits has reported revenues of CNY2.163 billion (US$322.49 million) and internet earnings of CNY187 million) for the primary quarter of 2019, capturing up 46.39% and 59.54%, respectively, from a yr earlier, in comparison with flat income and revenue performances recorded by most different peer makers within the quarter.
The excellent performances had been primarily attributed to Shennan Circuits beginning to ship shipments of PCBs for 5-G base stations to main purchasers Huawei and ZTE, in response to business sources.
The sources mentioned all 5 infrastructure constructions should be accomplished earlier than China kicks off 5G communication trial runs at pilot areas within the fourth quarter of 2019, and subsequently provide chain companions for 5G base stations started shipments within the first quarter.
Long engaged within the growth and manufacturing of PCBs with high-number layers for community gear and servers, Shennan Circuits has been one of many principal provide chain companions for China’s telecom gear makers Huawei and ZTE and Sweden’s Ericsson. The firm has developed a stable presence within the markets for each under-10Ghz and high-frequency mmWave options.
Industry sources mentioned that Shennan Circuits is now China’s largest homegrown PCB maker, and ranked because the world’s 12th largest participant with annual revenues exceeding US$1 billion in 2018, up from 19th place in 2017.
The sources anticipate the corporate to squeeze into the top-10 listing within the subsequent few years, thanks to very large growth potentials for 5G infrastructures and datacenters.
