Core Viewpoint - Dazhu CNC has made a significant step towards its Hong Kong listing by receiving the approval from the China Securities Regulatory Commission for the issuance of up to 88.62 million shares [1] Company Summary - Dazhu CNC specializes in the research, production, and sales of PCB (Printed Circuit Board) specialized equipment, maintaining a leading market position with a 10.1% market share in China as of 2024 [1][2] - The company achieved a record high in its latest quarterly report, with Q3 2025 revenue reaching 1.521 billion yuan, a year-on-year increase of 95.19%, and a net profit of 228 million yuan, up 281.94% [1][2] - For the first three quarters of 2025, Dazhu CNC reported revenue of 3.902 billion yuan, a 66.53% increase year-on-year, and a net profit of 492 million yuan, reflecting a 142.19% growth [1][2] Industry Summary - The PCB industry is projected to grow, with revenue and production expected to increase by 7.6% and 7.8% respectively in 2025, particularly driven by high-layer boards and HDI boards related to AI servers and switches [3] - Dazhu CNC's overseas sales revenue has surged from 35.35 million yuan to 362 million yuan over the past three years, indicating a rapid acceleration in its global market penetration [3] - The company plans to use the funds raised from its Hong Kong listing to enhance R&D and operational capabilities, increase production capacity for PCB specialized equipment, and support daily operations and future business development [3]
获批境外上市备案 大族数控加码全球PCB设备市场布局