SHENZHEN, CHINA – Printed circuit board maker Shennan Circuits (SCC) estimated its net earnings for the first half of 2019 at $61-68.3 million, up 50-70%, suggesting 5G in China is increasing, according to reports.

The firm said it is continuing with a bonds project valued at $225 million to raise funds for expansion in Nantong.

Combined revenues from SCC's top-five customers were $458.8 million in 2018, accounting for 41% of the firm's revenues. Huawei reportedly contributed $278.2 million.

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