Mankun(SZ:301132) Zheng Quan Ri Bao Wang·2025-08-15 12:46Core Viewpoint - Mankun Technology reported significant growth in revenue and net profit for the first half of 2025, driven by increased customer orders and production capacity expansion [1][2]. Financial Performance - The company achieved revenue of 760 million yuan, a year-on-year increase of 31.56% - Net profit attributable to shareholders reached 63.24 million yuan, up 62.3% year-on-year [1]. Industry Trends - The global PCB industry is experiencing stable growth, with a projected market value of 78.562 billion USD in 2025, reflecting a 6.8% year-on-year increase [2]. - Demand for PCB products is rising due to the rapid development of sectors such as electric vehicles, 5G/6G communications, and AI [2]. Market Expansion - Mankun Technology is focusing on expanding its market share in the automotive electronics and high-end consumer electronics sectors, with significant progress in mass production for key automotive clients [2]. - The company is also capitalizing on opportunities in the AI sector, leading to a surge in orders for mid-to-high-end server power products [2]. Production Capacity - The "Jiangxi High-Precision Printed Circuit Board Production Base Construction Project" has begun partial acceptance and production, contributing to an increase in overall production capacity [3]. Technological Innovation - Continuous investment in R&D is a core driver for Mankun Technology's growth, particularly in advanced PCB technologies such as high-layer boards and flexible circuit boards [4]. - The company is enhancing its product competitiveness by aligning with customer specifications and developing next-generation product technologies [4]. Future Outlook - Mankun Technology plans to actively engage in AI servers, robotics, and smart connected vehicles, aiming for effective collaboration in R&D and production [5].