JLC

PCB Manufacturing · EDA Software · Electronics Supply Chain

IPO

JLC surges 177% on Shenzhen IPO debut, market value tops $14B

A former Huaqiangbei prototyping shop for hobbyist PCBs just became one of 2026's biggest Chinese IPO pops.

• Shenzhen JLC Technology Group began trading on the Shenzhen Stock Exchange's main board on Aug. 4, 2026 at an IPO price of RMB84.46 a share; shares opened up 177.5%, pushing market value above RMB100 billion.
• Founded in 2006 by Yuan Jiangtao with brothers Ding Hui and Ding Huixiang, JLC grew from a shared one-meter counter in Shenzhen's Huaqiangbei market into an integrated platform spanning EDA/CAM software, PCB manufacturing, component sales and electronic assembly.
• The IPO raised roughly RMB4.2 billion, earmarked for high-layer PCB production lines, PCBA smart manufacturing, an R&D center and expanded electronic-component sourcing.
• 2025 revenue hit RMB10.23 billion with net profit of RMB1.306 billion, up from RMB734 million in 2023; the platform served 9.59 million registered users and 1.3 million paying customers who placed over 21 million orders.
• Strategic placement investors in the offering included Kingboard, one of the world's largest copper-clad laminate makers, and battery giant CATL, underscoring JLC's deep ties across the PCB and EV electronics supply chain.
• JLC's listing shows investors rewarding vertically integrated electronics-manufacturing infrastructure serving AI hardware and robotics demand, a segment often overshadowed by chipmakers in China's tech narrative.