沪电股份：2025 年第四季度初步解读-AI 服务器 交换机业务贡献 2025 财年 1643 百万美元收入

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Flash | 24 Mar 2026 12:23:46 ET │ 12 pages WUS Printed Circuit (002463.SZ) 4Q25 First Take – AI server/switch 16%/43% of FY25 rev CITI'S TAKE WUS released its 2025 annual report on 25 March after market close, offering more details on its 4Q25/2025 results: (1) General-purpose servers / AI servers and HPC / high-speed switch PCBs accounted for 17%/21%/56%, respectively, of communication PCB sales in FY25, representing 13%/16%/43% of total revenue. (2) High-speed switch PCB reven ...