Shennan Circuits Posts Strong 1Q19 Results on 5G PCB Shipments


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China-based PCB maker Shennan Circuits has reported revenues of CNY2.163 billion ($322.49 million) and net earnings of CNY187 million for the first quarter of 2019, shooting up 46.39% and 59.54%, respectively, from a year earlier, compared to flat revenue and profit performances recorded by most other peer makers in the quarter, according to Digitimes.

The outstanding performances were mainly attributed to Shennan Circuits starting to deliver shipments of PCBs for 5-G base stations to major clients Huawei and ZTE, Digitimes adds.

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