Company Profile · Technology

WUS Printed Circuit Kunshan Co Ltd

002463 · Shenzhen
Industry
PCBs & Substrates
Exchange
Shenzhen
Country
China
IPO date
Aug 18, 2010
Employees
15,243
Website
www.wustec.com
Current Price
¥147.9
Live · Jun 18, 2026
Fair Buy
≤ ¥35
Margin-of-safety entry
Baillie Growth Score
50/100
Medium
Intrinsic Value · Three-Tier Range Current price ¥147.9 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥23.6–¥26.9 / fair ¥39.4–¥44.9 / optimistic ¥94.3–¥107.4. At ¥147.9, Above the optimistic ceiling · future growth overdrawn.

At publication ¥133.22 (Jun 9, 2026)

Research on this stock
WUS Printed Circuit
002463 · Shenzhen
Watch
Long-Term Value Research on WUS Printed Circuit

WUS Printed Circuit is China's largest high-end printed circuit board manufacturer, focused on data communications and data-center PCBs. In 2025 it held roughly 7% of the global data communications PCB market and 10.2% of the data-center PCB market, both ranking first globally, while revenue reached RMB 18.945 billion, net profit attributable to shareholders reached RMB 3.822 billion, and five-year profit CAGR was about 38%. Research rating Watch: a strong AI-infrastructure manufacturing leader, but the current price leaves little verifiable margin of safety.

PCBs & Substrates Baillie 50 Jun 9, 2026
About the company

Wus Printed Circuit (Kunshan) Co., Ltd. engages in the production, sale, and related after-sales services of various printed circuit boards in China. The company offers backplane, line card, server products, antenna, high density interconnect, hybrid products, heat sinks, and heavy copper. Its products are used in automotive, power supply, computer, wireless telecommunications infrastructure, wired core network, semiconductor, and industrial applications. The company was incorporated in 1992 and is based in Kunshan, China.

Financial snapshot
Market capCN¥270.64B
Revenue (TTM)CN¥21.12B
EBITDACN¥5.49B
Profit margin20.37%
ROE29.14%
P/E (TTM)63.35
Forward P/E17.79
PEG0
EPSCN¥2.22
Dividend yield0.37%
52-week rangeCN¥40.81 – CN¥149.90

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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