- Business
- Suzhou Dongshan Precision Manufacturing Co., Ltd. (002384.SZ) manufactures electronic circuits, precision structural components, touch panel modules and LED display devices for consumer electronics, new energy vehicles, communications equipment and AI applications; its three core segments encompass electronic circuits including flexible printed circuits (FPCs), rigid printed circuit boards (PCBs), rigid-flex PCBs; photoelectric displays including touch panels, liquid crystal modules (LCMs), on-board display modules, LED backlights and Mini LED devices; and precision manufacturing including metal structural parts such as cold plates, battery housings, seat frameworks, antennas, filters, die-castings and assemblies for new energy vehicle three-electric systems, base stations and automotive electronics. Founded in the 1980s as a sheet metal factory in Suzhou and listed on the Shenzhen Stock Exchange in 2010, the company is headquartered in Suzhou, China, with over 60 subsidiaries including MFLEX, Multek, Suzhou JDI, Yongchuang and overseas entities in North America, Europe, Southeast Asia and Singapore; it ranks as the world's second-largest FPC producer and third-largest PCB maker by sales, serves premium global clients like Huawei and Xiaomi, and derives about 80% of revenue from overseas markets alongside expanding domestic new energy sales exceeding RMB4.9 billion in H1 2025. Recent developments include the May 2025 acquisition of French automotive supplier Groupe Mécanique Découpage to bolster precision components; the acquisition of Source Photonics for optical modules targeting AI servers and data centers; a private placement fundraising; Hong Kong IPO preparations by subsidiary Chao Yi Group for high-end PCB and green energy projects; and H1 2025 revenue of RMB16.96 billion with net profit up 35% year-over-year amid new energy growth of nearly 30%.