Zheng Quan Shi Bao Wang·2025-12-01 00:44Company Overview - Huitian Co., Ltd. has submitted an application to list on the main board of the Hong Kong Stock Exchange, with joint sponsors being CICC and HSBC [1] - The company positions itself as a global leader in PCB solutions for data communication and smart automotive sectors, with PCB product sales accounting for over 95% of total revenue [1] Market Position - As of June 30, 2025, Huitian Co., Ltd. ranks first globally in several categories: - 10.3% market share in data center PCB revenue - 25.3% market share in PCBs with 22 layers or more - 12.5% market share in PCBs for switches and routers - 15.2% market share in L2+ autonomous driving domain controller high-end HDI PCBs [1] Industry Growth - The global PCB industry market size is projected to grow from $75 billion in 2024 to $96.8 billion by 2029, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [1] - The global data center PCB market is expected to increase from $12.5 billion in 2024 to $21 billion by 2029, with a CAGR of 10.9% [2] - The global switch and router PCB market is forecasted to grow from $2.2 billion in 2020 to $5 billion in 2024, and reach $10.2 billion by 2029, with a CAGR of 23.3% [2] - The AI server PCB market is anticipated to rise from $0.5 billion in 2020 to $3.1 billion in 2024, and further to $8 billion by 2029, with a CAGR of 58.8% [2]