Leading PCB companies showed strong performance today (April 17), with Victory Giant Technology leading gains by over 8% to top the A-share capital inflow rankings. Suzhou Dongshan Precision Manufacturing surged more than 7% to reach a new historical high, while Shennan Circuits rose over 4%. Wus Circuit and Shengyi Technology both gained over 2%. The Electronics ETF Hua Bao (515260), which includes these leading PCB constituents, saw an intraday increase of 1.85% and is currently up 1.56%, approaching its listing high of 0.746. Frequent premium trading indicates strong buying pressure.
In terms of capital flows, the electronics sector has recorded net main fund inflows exceeding 17.6 billion yuan by the time of writing. Over the past 5 and 20 days, the sector has attracted 69.8 billion yuan and 173.1 billion yuan respectively, maintaining the highest capital inflow among all 31 Shenwan primary industries. Constituent stock Victory Giant Technology received over 2.7 billion yuan in net main fund inflows, topping the A-share capital inflow chart, while Suzhou Dongshan Precision Manufacturing attracted more than 2.2 billion yuan, ranking third.
Market news indicates that following price increases in December 2025, a new wave of price hikes has swept through the upstream PCB industry chain since April. The current round of increases is primarily driven by comprehensive price rises in copper foil, fiberglass cloth, and epoxy resin.
The upstream price surge is driving performance breakthroughs for printed circuit board companies. As of April 15, 37 listed PCB-related companies have released 2025 performance reports, with 21 achieving annual net profits exceeding 100 million yuan. Victory Giant Technology leads with net profits reaching 4.312 billion yuan, followed by Wus Circuit, Avary Holding, Shengyi Technology, and Shennan Circuits, all with net profits above 3 billion yuan.
According to industry research firm Prismark, global PCB output value reached 84.891 billion USD in 2025, representing 15.4% year-on-year growth. The global PCB market is projected to reach 109.258 billion USD by 2029, with an estimated CAGR of 8.2% from 2024 to 2029. China's PCB output value reached 48.459 billion USD in 2025 and is expected to reach 62.463 billion USD by 2029, with an estimated CAGR of 8.7% from 2024 to 2029.
Guojin Securities notes that AI demand remains strong in both short and medium terms. Robust AI demand is driving simultaneous price and volume increases for PCBs, with multiple AI PCB companies reporting strong orders, full production capacity, and active expansion efforts, suggesting sustained high growth potential.
Electronics ETF Hua Bao (515260) and its feeder funds track the Electronic 50 Index, focusing on semiconductors and consumer electronics while encompassing hot sectors including AI chips, automotive electronics, 5G, and printed circuit boards. Top holdings include Luxshare Precision, Cambricon, Industrial Fulian, and SMIC. The ETF qualifies for margin trading and Stock Connect programs, serving as an efficient tool for accessing core electronic sector assets.
The underlying index of Electronics ETF Hua Bao (515260) covers popular technology themes, with Apple, NVIDIA, and Google supply chain weightings reaching 47.21%, 29.85%, and 24.35% respectively as of end-March. This deep integration with global technology leaders positions the fund to benefit from industrial expansion and technological innovation by major tech companies.