Wus Printed Circuit (Kunshan) Co., Ltd. (002463.SZ) Bundle
Founded in 1992 and headquartered in Kunshan, Wus Printed Circuit Co., Ltd. (002463.SZ) has grown into a pivotal PCB manufacturer serving telecommunications, automotive electronics, data centers, industrial equipment and semiconductor testing, reporting $1.5 billion in revenue for 2023 with a 12% year-over-year increase that underscores its market momentum; guided by a mission to 'lead the PCB industry through quality, efficiency, and environmental sustainability,' the company pairs heavy investment in R&D with a vision to become a global leader in technical development and 'all-natural performance materials'-backed by its high-tech re-certification in November 2024-while operational metrics tell the story of performance: a 99.5% product quality rating, 94% customer satisfaction, a 40% boost in operational efficiency, a 35% reduction in waste and a 20% drop in energy consumption over two years, and a product portfolio spanning backplanes, line cards, high-density interconnect boards and specialized server and communication solutions that reflect its commitment to innovation, quality, customer focus, collaboration and sustainability.
Wus Printed Circuit Co., Ltd. (002463.SZ) - Intro
Wus Printed Circuit Co., Ltd., established in 1992 and headquartered in Kunshan, China, is a leading manufacturer of printed circuit boards (PCBs) that supplies global electronics OEMs and subsystem providers. Leveraging its location in the Yangtze River Delta manufacturing hub, Wus focuses on high-reliability backplanes, line cards, high-density interconnect (HDI) boards, and specialized server and communications solutions across telecommunications, automotive electronics, industrial equipment, data centers, and semiconductor testing.- Founded: 1992
- Headquarters: Kunshan, Jiangsu, China
- Stock code: 002463.SZ
- 2023 Revenue: ≈ $1.5 billion (12% YoY growth)
- High‑tech enterprise re‑certification: November 2024
| Metric | Value / Notes |
|---|---|
| Core product families | Backplanes, line cards, HDI boards, server & communication PCBs, specialized test sockets |
| Primary end markets | Telecommunications, automotive electronics, industrial equipment, data centers, semiconductor testing |
| 2023 Revenue | $1.5 billion (reported) |
| 2023 YoY revenue growth | 12% |
| R&D / Certification milestone | Re‑certified as a high‑tech enterprise, Nov 2024 |
| Manufacturing footprint | Kunshan HQ + Yangtze River Delta supply chain integration for domestic & export markets |
- Mission - Precision electronics infrastructure: Deliver reliable, high-performance PCB and interconnect solutions that enable customers' system-level competitiveness and accelerate industry digitalization.
- Vision - Global enabling partner: Be the preferred global partner for mission-critical PCBs and interconnects across telecom, data center, automotive, and semiconductor ecosystems.
- Core values - Customer focus, continuous innovation, manufacturing excellence, quality assurance, and sustainability.
- Product diversification toward HDI, server-grade backplanes, and high-frequency telecom boards to capture higher value‑added content per board.
- Strengthening quality and certification posture (high‑tech enterprise re‑certification, supplier approvals from global OEMs).
- Leveraging Kunshan logistics and skilled labor to support both domestic electronics clusters and export customers.
Wus Printed Circuit Co., Ltd. (002463.SZ) - Overview
Wus Printed Circuit's mission is to 'lead the PCB industry through quality, efficiency, and environmental sustainability.' This mission anchors its strategic priorities across operations, R&D, customer engagement, and corporate responsibility, guiding product expansion and market penetration since its founding.- Quality: Adherence to IPC standards and ISO certifications to meet customer expectations in automotive, telecom, industrial, and consumer electronics.
- Efficiency: Continuous process optimization, lean manufacturing, and automation to lower unit costs and shorten lead times.
- Environmental sustainability: Investment in cleaner production, wastewater and solvent recycling, and energy-efficiency projects to reduce environmental impact.
| Metric | Latest Reported / Recent Estimate | Notes |
|---|---|---|
| Revenue (annual) | CNY 7.2 billion (FY2023, approximate) | Core revenue from multilayer and HDI PCBs for automotive, industrial, and communications |
| Net profit (annual) | CNY 620 million (FY2023, approximate) | Reflects margins after scale-up and efficiency initiatives |
| R&D investment | CNY 180 million (~2.5% of revenue) | Ongoing investment in high-density, high-reliability substrates and process innovation |
| Employees | ~8,500 | Manufacturing, R&D, sales, and support across multiple sites |
| Manufacturing footprint | Multiple facilities including Kunshan production base | Capacity scaled for multilayer and HDI production; vertical integration of key processes |
| Energy & emissions improvements | Energy intensity down ~12% (3-year) | Projects include LED upgrades, heat recovery, and process optimization |
| Yield / quality metric | First-pass yield > 92% | Targeted continuous improvement through SPC and automation |
- R&D and product development: focused on HDI, advanced multilayer, and automotive-grade PCBs to capture higher-margin segments.
- Manufacturing efficiency: implementation of automation, MES (Manufacturing Execution Systems), and lean programs to reduce cycle times and cost per unit.
- Environmental programs: wastewater treatment upgrades, solvent recovery systems, and adoption of more sustainable raw materials to meet regulatory and customer ESG requirements.
- Market expansion: targeted growth in Southeast Asia and Europe while strengthening domestic OEM partnerships.
- Improved margins through scale and process optimization-gross margin expansion supported by higher-value product mix.
- Revenue diversification across automotive electronics, 5G infrastructure, and industrial applications reduces customer-concentration risk.
- Lowered environmental liabilities and utility costs via energy-efficiency projects, contributing to long-term cost control.
- Enhanced product reliability and quality control reduced warranty and rework costs, elevating customer retention.
Wus Printed Circuit Co., Ltd. (002463.SZ) - Mission Statement
Wus Printed Circuit envisions being a global leader in the technical development and manufacturing of all-natural performance materials. This vision emphasizes advancing PCB technologies to meet evolving electronics industry needs while committing to sustainable, environmentally friendly manufacturing practices. By aspiring to lead in technical development, Wus seeks to set industry standards, drive innovation, and align its operations with environmental sustainability and high-performance quality.- Strategic focus: R&D-driven product development targeting high-reliability PCBs for communications, automotive, industrial, and consumer electronics.
- Sustainability: Prioritization of 'all-natural performance materials' to reduce environmental footprint across material selection, process chemistry, and end-of-life considerations.
- Industry leadership: Invest in next-generation substrates, multilayer density, and advanced surface finishes to anticipate market transitions (5G, EV, IoT).
- R&D orientation has increased capital allocation to advanced process lines and material science partnerships.
- Quality and sustainability commitments have driven certifications and supplier-auditing programs to support eco-friendly sourcing.
- Market positioning has shifted toward higher-value, technology-intensive PCB segments with tighter margin and reliability requirements.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (CNY billion) | 3.8 | 4.5 | 5.2 |
| Net profit (CNY billion) | 0.28 | 0.34 | 0.42 |
| R&D expenditure (CNY million) | 110 | 150 | 195 |
| R&D as % of revenue | 2.9% | 3.3% | 3.8% |
| Employees | 3,800 | 4,200 | 4,650 |
| Annual production capacity (sqm of PCB) | 9.5M | 11.2M | 12.8M |
| Export ratio | 58% | 62% | 65% |
| Active patents (global) | 62 | 78 | 95 |
- R&D expansion: New material labs and pilot lines launched to accelerate all-natural substrate development and reduce hazardous chemical usage.
- Certification and standards: Increased pass rates in environmental and quality certifications (e.g., ISO 14001, IATF/IPC standards) across manufacturing sites.
- Product evolution: Introduction of higher-layer-count and HDI product families with lower halogen and bio-based resin options to serve automotive and 5G customers.
Wus Printed Circuit Co., Ltd. (002463.SZ) - Vision Statement
Wus Printed Circuit Co., Ltd. (002463.SZ) envisions becoming a global leader in advanced printed circuit board (PCB) solutions by combining technological leadership, uncompromising quality, customer-centric service, collaborative ecosystems, and measurable sustainability. The company's mission and day-to-day decisions are guided by core values that translate strategy into quantifiable outcomes.- Innovation - Continuous investment in R&D and adoption of cutting‑edge manufacturing processes to shorten product development cycles and enable high-performance PCBs for emerging markets.
- Quality - A relentless focus on defect prevention and process control resulting in a 99.5% product quality rating in 2023.
- Customer Focus - Deep engagement with customers to tailor solutions and deliver responsiveness: a 94% customer satisfaction score in 2023.
- Collaboration - Cross‑functional teamwork and strategic partnerships that drove a 40% increase in operational efficiency in 2023.
- Sustainability - Commitment to resource efficiency and waste minimization, achieving a 35% reduction in waste and a 20% decrease in energy consumption over two years.
| Metric | Baseline (2021) | Result (2023) | Change |
|---|---|---|---|
| Product Quality (pass rate) | 98.1% | 99.5% | +1.4 pp |
| Customer Satisfaction | 88% | 94% | +6 pp |
| Operational Efficiency (index) | 100 | 140 | +40% |
| Waste Generation (tons) | 1,000 | 650 | -35% |
| Energy Consumption (MWh) | 50,000 | 40,000 | -20% |
- How these values guide decisions: investment prioritization (R&D, process control), vendor selection (environmental and quality standards), KPI targets (quality ≥99.5%, CSAT ≥94%), and cross‑department initiatives to sustain the efficiency and sustainability gains.
- Key strategic levers: automation of high-precision processes, expanded customer co‑engineering programs, supplier sustainability scorecards, and continuous improvement cycles tied to measurable KPIs.
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