Fueled by robust demand for printed circuit boards from emerging computing scenarios like high-speed computing servers and artificial intelligence, Wus Printed Circuit(Kunshan)Co.,Ltd. achieved a year-over-year revenue and profit growth exceeding 40% in 2025.

The company's preliminary earnings report released on January 27 shows full-year revenue reached approximately 18.9 billion yuan, up about 42% year-over-year; net profit attributable to shareholders was about 3.822 billion yuan, an increase of roughly 47.74%; total assets also grew to around 28.3 billion yuan.

Key highlights from the preliminary report are as follows:

Strong financial performance: 2025 revenue of 18.9 billion yuan, up 42% YoY; net profit attributable to shareholders of 3.822 billion yuan, up 47.74% YoY; net profit after extraordinary items was 3.761 billion yuan, rising 47.69%. Enhanced profitability: Weighted average return on equity reached 28.57%, an improvement of 4.32 percentage points from the previous year; basic earnings per share were 1.99 yuan, increasing 47.05%. Expanded asset scale: Total assets hit 28.3 billion yuan, up 33.40% YoY; equity attributable to shareholders was 15.1 billion yuan, growing 27.63%; net asset value per share stood at 7.85 yuan. Growth driven by AI demand: The high growth was primarily reliant on demand from AI servers and high-speed computing, with the product mix concentrated in mid-to-high-end printed circuit boards.

AI demand drove the growth in revenue and net profit, while the asset scale expanded concurrently. The company stated that the performance growth mainly benefited from the structural demand for printed circuit boards driven by emerging computing scenarios such as high-speed computing servers and artificial intelligence. From a financial metrics perspective, the company's weighted average return on equity was 28.57%, up from 24.25% in the previous year. Net profit after deducting non-recurring gains and losses was approximately 3.761 billion yuan, largely equivalent to the net profit attributable to shareholders. The operating profit margin relative to operating revenue was about 23.3%, slightly higher than the 22.2% from the same period last year. As of the end of the reporting period, the company's total assets were approximately 28.3 billion yuan, an increase of about 33.40% from the end of the previous year; equity attributable to shareholders of the listed company was about 15.1 billion yuan, a year-over-year increase of approximately 27.63%. The growth rate of the asset scale outpaced the growth in revenue and net profit, while the growth rate of shareholder equity was lower than that of total assets, indicating the company likely undertook corresponding asset expansion and liability structure adjustments during the reporting period.