Shenghong Technology Jumps Over 9% as AI PCB Demand Surges
Shenghong Technology shares surged over 9% amid strong AI-driven PCB demand, backed by 79.77% revenue growth and 273.52% profit rise in 2025.
Tripti Srivastava 
April 22, 2026: Shares of Shenghong Technology rose more than 9% in early trading, defying broader market trends, supported by strong growth in artificial intelligence (AI) infrastructure demand and robust financial performance. The stock last traded at HKD 336, up 6.67%, with a turnover of HKD 1.843 billion.
The rally in Shenghong Technology’s stock comes amid increasing investor focus on companies positioned within the AI and high-performance computing supply chain. Despite broader market weakness, the company outperformed significantly, reflecting strong sentiment around sectors linked to data infrastructure.
PCB Market Growth: Financial Performance
Shenghong Technology reported substantial growth in its latest financial results. Revenue for 2025 reached 19.292 billion yuan, marking a year-on-year increase of 79.77%. Net profit attributable to shareholders surged 273.52% year-on-year to 4.312 billion yuan.
The strong earnings growth reflects increased demand for advanced printed circuit boards (PCBs), particularly those used in AI servers and high-performance computing systems. The company’s ability to scale production and meet global demand has contributed significantly to its financial expansion.
AI Server Demand
Industry data indicates that the global server and data storage PCB market is entering a high-growth phase. According to Prismark forecasts, the sector is expected to grow at a compound annual growth rate (CAGR) of 11% between 2023 and 2028, significantly outpacing the broader PCB market growth rate of 5.4%.
The AI server PCB segment is witnessing even faster expansion. Market size is projected to increase from $380 million in 2023 to $4.06 billion in 2025, with its share of the total PCB market rising from 0.5% to 4.7%. This rapid growth is driven by increasing deployment of AI infrastructure and data centres globally.
Analysts highlight that both PCB and storage sector growth are currently in a cyclical expansion phase, supported by rising investments in computing power infrastructure. According to Wanlian Securities, the development of AI computing capacity remains in its early stages, creating sustained demand across high-growth segments of the technology supply chain.
This expansion is expected to drive demand not only for PCBs but also for upstream equipment and raw materials, benefiting companies with established capabilities in advanced manufacturing.
Business Positioning and Global Strategy of Shenghong Technology
Shenghong Technology specialises in the research, production, and sale of advanced high-density interconnect (HDI) and multi-layer printed circuit boards. Over the years, the company has built a strong technological base, enabling it to become a key supplier in the global AI and high-performance computing PCB market.
The company has also established deep partnerships with leading international clients, strengthening its position within the global supply chain. Its ongoing efforts to optimise product offerings and expand internationally have contributed to its rapid growth trajectory.
Management noted that as AI technology continues to integrate across industries, companies will continue to demand strong computing power and supporting infrastructure. This trend is likely to sustain momentum in sectors such as PCBs and storage, where Shenghong has a significant presence.
The company’s performance underscores the broader transformation of the technology sector, where AI-driven demand is reshaping supply chains and creating new growth opportunities for component manufacturers.
