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Shennan Circuits Reports 2019 Revenues Up 38%

Published: 06 March 2020
 by Chelsey Drysdale

SHENZHEN, CHINA – Shennan Circuits reported 2019 revenues up 38.4% year-over-year to CNY10.5 billion (US$1.5 billion).

Net profits for the year increased 76.8% year-over-year to CNY1.23 billion (US$180.7 million).

The company attributes growth to demand for applications to 5G base stations, networking equipment and data centers, with momentum expected to persist in 2020.

Shennan expects to land more orders for server-use PCBs with high layer counts this year. In addition, the firm expects to increase its production capacity for memory substrates.

 

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