New Stock News | Suzhou Dongshan Precision Manufacturing (002384.SZ) Passes HKEX Hearing, Doubles Down on AI PCB and Optical Module Businesses to Build Core Growth Engines

According to a disclosure by the Hong Kong Stock Exchange on October 11, Suzhou Dongshan Precision Manufacturing Co., Ltd. (referred to as Suzhou Dongshan Precision Manufacturing (002384.SZ)) has passed the listing hearing for the Main Board of the Hong Kong Stock Exchange, with UBS Group, HAITONG INT'L, GF SEC, and CITIC SEC as its joint sponsors. The prospectus shows that Suzhou Dongshan Precision Manufacturing is a manufacturer primarily focused on PCBs, precision components, touch panels and LCD modules, and optical modules, with business and operational footprints spanning the globe. The company's products are widely used in consumer electronics, automotive, data centers, communication equipment, and industrial control equipment, ultimately achieving interconnectivity between people, devices, and infrastructure. In September 2025, through the acquisition of Source Photonics, it entered the optical module business, expanding its product portfolio to include optical modules. According to data from CIC, based on 2025 revenue, the company is the third-largest PCB supplier in the global PCB market, which is worth US$85.2 billion; through Source Photonics, the company ranks seventh in the global optical module market, which is worth US$24.5 billion, with a market share of 2.9%. The company's PCB, precision components, touch panels, and LCD module products serve the consumer electronics, automotive, and communication terminal markets. In the PCB market, the company's PCB products include flexible boards, rigid boards, and rigid-flex boards, mainly used in consumer electronics, automotive, data centers and AI servers, and communication equipment, among other fields. The company's precision components are mainly automotive parts and communication equipment components. Over the past decade, Suzhou Dongshan Precision Manufacturing has extended its accumulated technological R&D and manufacturing advantages in fields such as communication equipment components to the automotive sector, broadening its downstream application scope and establishing long-term cooperation with mainstream domestic and international automakers. At the same time, the company has cultivated deep expertise in the consumer electronics touch display field for many years, providing touch panels as well as LCD and OLED modules, mainly used in automotive, smartphones, tablets, laptops, industrial control equipment, smart homes, and other fields. In 2023, it expanded into the automotive display field. In terms of partners, the company's long-term partners cover four of the world's top five consumer electronics brand manufacturers, the world's top five electric vehicle manufacturers, and the world's top five cloud service providers. At the same time, Suzhou Dongshan Precision Manufacturing further expanded its business into the optical module field. After acquiring Source Photonics (a global optical module supplier) in September 2025, it gained the capability for self-developed optical chips centered on high-speed EML chips, with transmission rates covering 2.5G to 200G. With the development of the data center terminal market, optical modules and AI PCB products have become the company's core growth engines. Currently, the company is focused on the commercialization of high-end 100G and 200G PAM4 EML chips, while continuing to develop next-generation technologies such as 400G EML chips and continuous-wave-based silicon photonics solutions. In addition, the company also offers various optical modules from 10G to 1.6T and is developing next-generation optical modules of 3.2T or above. In terms of financials, for 2023, 2024, 2025, the six months ended June 30, 2025, and the six months ended June 30, 2026, the company's revenue was approximately RMB 33.651 billion, RMB 36.77 billion, RMB 40.125 billion, RMB 16.955 billion, and RMB 27.798 billion, respectively; during the same periods, the profit for the period was RMB 1.965 billion, RMB 1.085 billion, RMB 1.393 billion, RMB 759 million, and RMB 2.985 billion, respectively.