Recently Shenzhen JLC Technology Group Co.,Ltd. (嘉立创)submitted a prospectus to the Shenzhen Stock Exchange to raise RMB 6.67 billion, if the successful IPO, its market value is estimated to be more than 60 billion yuan.
Founded in 2006, JLC, which is one of the industry's early realization of the digital transformation of high-tech enterprises, focuses on printed circuit board prototyping/small batch, SMT placement, laser stencil, FA mechanical parts mall, 3D printing and other fields to provide cost-effective services for the global electronics industry enterprises, electronic engineers, scientific research institutes.
JLC official website data show that the company's existing core technology team of nearly 1,000 people, 5 digital production base, in Hong Kong, Jiangsu, Jiangxi, Germany, with subsidiaries, products and services in nearly 180 countries and regions around the world, with more than 4.1 million + users.
The global printed circuit board market size was valued at USD 82 billion in 2022 and is expected to hit USD 140.73 billion by 2032, registering a CAGR of 5.6% during the forecast period 2023 to 2032. The main important factor that is propelling the growth of the printed circuit board market is the growing demand for electronic gadgets such as smartphones laptops, smart televisions, and others all across the globe.
In terms of internationalization, JLC has overseas subsidiaries and maintains stable cooperation with major international electronic component manufacturers and global distributors, which not only builds a complete electronic R&D service chain for more than 2 million engineers around the world, but also builds a brand new digitalized and intelligent supply chain system based on front-end online ordering, intelligent order placement and back-end production automation.
The printed circuit board market is large, but also very competitive. Domestic representative companies mainly include DSBJ (东山精密), ShennanCircuits (深南电路), Unimicron (欣兴电子), etc.. Internationally, there are NippoNmektron, TTM, Ibiden and other companies competing for market share.
The most investment of the fund-raising is also a high multi-layer printed circuit board production line construction, to be put into the fund-raising of 2 billion yuan, and PCBA intelligent production line construction project followed, to be put into the fund-raising of 1.55 billion yuan. It is worth noting that the capital expansion is not a "sure thing" business, JLC may face a large investment in manpower, material resources, resulting in a decline in the company's performance in the future.