Pengding Holdings: Achieve revenue of 39.15B yuan in 2025, an increase of 11.4% year-on-year

Reprinted from: China Securities Journal · CNR

China Securities News (CNR) (Reporter Zhang Xingwang) On the evening of March 30, Pegatron Holdings released its 2025 annual report. In 2025, the company achieved operating revenue of 39.147 billion yuan, a year-on-year increase of 11.40%; it recorded net profit attributable to shareholders of listed companies of 3.738 billion yuan, a year-on-year increase of 3.25%.

Pegatron Holdings is a global leading enterprise in the PCB (printed circuit board) industry. Pegatron Holdings said that the company is one of the few professional large-scale manufacturers worldwide that simultaneously has the capabilities to develop, design, manufacture, and provide sales services for various types of PCB products. The company has high-quality and diverse PCB product lines, which are widely used in communication electronic products, consumer electronics and computer-related products, as well as products such as automobiles, servers, optical modules, and high-speed computers. It has strong capabilities to provide comprehensive PCB product and solution services for different customers, and has built a one-stop platform for all-around PCB product services.

Pegatron Holdings said that in 2025, the rapid development of artificial intelligence technology drove a surge in computing power demand. With fast expansion in downstream markets represented by AI servers, the global PCB industry has entered a period of rapid development. In the face of external uncertainties such as changes in the global trade environment and supply chain tightness, the company maintained strategic focus, accurately grasped industry trends, and achieved steady growth in operating revenue by consolidating its market share among existing customers and expanding into emerging business areas.

Regarding capital expenditures for 2026, Pegatron Holdings said that in 2026, it expects capital expenditures of 16.8 billion yuan, with the main sources of funding being the company’s own funds and funds raised/raised internally.

Looking ahead to 2026, Pegatron Holdings said that AI technology-driven transformation has brought enormous market opportunities to the industry, while it has also led to shortages of key components, including storage chips, which has caused a significant impact on the development of the downstream electronics industry. In the face of a complex and ever-changing market environment, the company will continue to solidify and expand its market share in areas such as AI-side products and high-end products including foldable phones, further strengthening the company’s market advantage in the AI-side field.

Pegatron Holdings may face risks such as industry changes occurring more quickly and intensified market competition. Pegatron Holdings said that its main downstream sectors are communications, consumer electronics, and computer products. These sectors have the characteristics of strong “fashion” orientation and fast updates in product performance, as well as being crowded with brands; meanwhile, changes in consumer preferences for different brands and different products occur relatively quickly, leading to relatively short market-share structure change cycles for products from different brands compared with other traditional industries. If the company’s main customers are in an unfavorable position in market competition, or if the company’s technology and production capabilities cannot meet customers’ requirements for new products, or if customers temporarily change, delay, or suspend the technology route for new products, or if the company is unable to develop new customers in a timely manner, the company’s performance will be adversely affected.

Regarding response measures, Pegatron Holdings said the company will rely on its leading technological advantages, keep in step with the trends and fashions of industry development, strengthen the development of new customers and new products, and accelerate the expansion of product shares in downstream application markets including automotive electronics and data centers, in order to reduce risks brought about by industry changes.

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