Huadian Electronics: The company released an announcement before the Spring Festival regarding a new high-end printed circuit board production project, with a construction period of 2 years.

Securities Daily, March 12 — In response to questions from researchers, Shanghai Electric Co., Ltd. stated that the growing demand for AI-driven servers, data storage, and high-speed network infrastructure, as well as the expansion into emerging application fields, presents development opportunities for the industry. The company has accelerated capital expenditures over the past two years. In the cash flow statement for the first three quarters of 2025, approximately 2.104 billion yuan was spent on the purchase and construction of fixed assets, intangible assets, and other long-term assets. The company plans to invest about 4.3 billion yuan in Q4 2024 to build a high-end printed circuit board expansion project supporting AI chips, which is scheduled to start construction in late June 2025. The project is currently progressing in an orderly manner, with trial production expected to begin in the second half of 2026 and capacity gradually increasing. This project will further expand the company’s high-end product capacity, better meet the medium- and long-term demand for high-end PCBs driven by high-speed computing servers and AI applications, enhance the company’s core competitiveness, and improve economic benefits.

In addition, before the Spring Festival, the company announced a new high-end PCB production project with a construction period of two years. Its wholly owned subsidiary, Kunshan Huli Microelectronics Co., Ltd., also plans to purchase land use rights and buildings from independent third parties to establish new PCB production facilities and supporting infrastructure. By 2025, it is evident that more industry peers are shifting resources into this field, attempting to enter and gain market share, which will inevitably intensify future competition. The company needs to accurately grasp strategic timing, moderately accelerate investment pace, analyze market trends and internal development needs in depth, allocate resources reasonably, and invest more funds into promising and innovative areas. Continuous technological upgrades and innovations—such as higher-density interconnect technology and faster transmission performance—will enhance product competitiveness and enable rapid responses to market demands, seizing market opportunities, consolidating and expanding its core business, and achieving sustainable development.

(Editor: Ren Shibi)