AI computing power drives structural high prosperity in the PCB industry, with the entire chain ramping up high-end capacity
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Demand for high-end PCBs used in AI servers and high-speed switches continues to be released, driving performance divergence in the PCB industry. Choice data shows that among 213 PCB companies, 145 posted improving performance, of which 126 saw year-on-year growth in net profit attributable to parent company shareholders, 12 turned losses into profits, and 7 narrowed their losses, while another 68 came under performance pressure. Listed companies across the industrial chain are avoiding involution in low-end capacity and actively laying out PCB capacity in the high-end computing power sector.
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据证券日报，随着2026年三季报披露收官，PCB（印制电路板）行业景气分化特征进一步凸显。据Choice金融终端数据统计，PCB板块213家企业中，145家业绩向好；其中，有126家归母净利润同比增长，12家扭亏，7家减亏；另有68家业绩承压，行业结构性行情特征显著。黑龙江省证券经济研究会副秘书长、燕基空间智能民生研究中心主任何基永在接受记者采访时表示，不同于消费电子、传统普通工业设备PCB板块的平淡修复，今年以来AI（人工智能）服务器、高速交换机配套的高端PCB需求持续释放，带动相关企业利润实现增长，行业逐渐步入结构性行情通道。在此背景下，产业链上市公司避开低端产能内卷，积极布局高端算力领域的PCB产能。