On October 31, 2024, Chinese PCB manufacturer Q&D Circuits officially listed on the Shenzhen Stock Exchange under the stock code 301628. 

The company plans to issue 18.844 million new shares, bringing the total share capital to 75.3758 million shares. The newly issued shares will represent approximately 25% of the total share capital after the issuance, and all shares will be publicly offered without any transfer of existing shares. The issuance price is set at 28.18 yuan per share.

As the first PCB company to go public in the industry in the second half of this year, Q&D Circuits saw its stock open at 111 yuan, reflecting a surge of 293.90%. As of 9:32 AM, the stock was trading at 144.30 yuan, up 412.07%, with a total market capitalization of 10.877 billion yuan.

Q&D Circuits operates three major production bases in Shenzhen, Jiangxi, and Nantong, along with four wholly-owned subsidiaries: Jiangxi Q&D, HK Q&D, Nantong Q&D, and USA Q&D. Shenzhen Q&D focuses on mid-to-high-end prototypes, while Jiangxi Q&D specializes in quick-turn, small-batch production. The Nantong Q&D factory, part of the current fundraising project, is positioned to produce high-layer count and HDI boards in small batches for mid-to-high-end applications. This investment aims to enhance the company’s research and innovation capabilities, as well as its product development, production, and delivery capacity, thereby strengthening its competitiveness in the electronics sector.