WUS Printed Circuit Shares Surge on Robust Profit Guidance

By Sherry Qin

WUS Printed Circuit's shares rose to a trading limit after the Chinese company guided for robust first-quarter results amid surging demand from artificial-intelligence servers.

Shares of the printed-circuit board company rose 10%, the daily maximum permitted in Shenzhen, to 97.54 yuan, early Tuesday.

The company said late Monday that it expects first-quarter net profit to rise to between 1.18 billion yuan and 1.26 billion yuan, equivalent to between $172.8 million and $184.5 million, up 55%-65% from a year earlier.

WUS attributed the rosy guidance to structural demand for PCB boards from high-speed computing servers and AI.

Citi analysts said WUS could be "the first and largest beneficiary" of Nvidia's newly launched LPX server rack. As the new system architecture requires more printed circuit boards per rack and ultracomplex designs, the analysts see an upgrade trend for the PCB sector. The trend should be positive for makers with mass-production expertise in extreme high-layer-count PCBs such as WUS, they added.

Some investors could view the profit guidance as a beat despite a 100 million yuan foreign exchange loss and some incentive expenses, Citi analysts said in a note.

WUS unveiled its plan to invest around 6.8 billion yuan to build a new PCB project and supporting facilities, in order to expand high-performance PCB capacity for high-speed computing servers and next-generation switches. The investment came after commitments of 3.3 billion yuan in February and 5.5 billion yuan in March.

"WUS is cementing its dominant market position ahead of the anticipated PCB supercycle switch by expanding capacity," Citi analysts said.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

April 13, 2026 23:35 ET (03:35 GMT)