A global leader in printed circuit board (PCB) manufacturing, Avary Holding (Shenzhen) Co., Limited (SHE: 002938), has released its 2024 financial results, reporting steady revenue and profit growth driven by a recovering consumer electronics market and the rise of AI-driven technological advancements.

Revenue and Profit Performance

In 2024, Avary Holding successfully capitalized on industry opportunities, achieving total revenue of 35.14 billion yuan ($4.84 billion), marking a 9.59% year-over-year increase. The company also reported a net profit of 3.62 billion yuan, up 10.14% from the previous year, while net profit excluding non-recurring gains and losses reached 3.53 billion yuan, reflecting an 11.40% increase.

Strong Financial Position

By the end of 2024, Avary Holding's total assets stood at 44.54 billion yuan ($6.13 billion), up 5.36% from the previous year. The company's shareholders' equity increased by 8.29% to 32.11 billion yuan, while net assets per share rose 8.37% to 13.85 yuan, highlighting the company's healthy and stable financial position.

The company emphasized that the financial data presented in this report are preliminary and unaudited, and may differ from the final audited figures in its annual report. Investors are advised to be mindful of potential risks.

Founded in 1999, Avary Holding has grown into a global leader in PCB design, R&D, manufacturing, and sales, with products widely used in telecommunications, computing, and consumer electronics. The company was listed on the Shenzhen Stock Exchange in 2018 under the ticker 002938.

Avary Holding has consistently ranked as the world's largest PCB manufacturer for eight consecutive years (2017-2024), according to Prismark's global PCB revenue rankings. With over 900 patents and a dedicated R&D center in Shenzhen, the company continues to drive technological advancements and enhance production efficiency.

The company remains committed to its mission of advancing technology for the benefit of humanity, promoting environmental sustainability, and leveraging automation, intelligent manufacturing, and digitalization to optimize its global supply chain. Through collaboration with top-tier global clients, Avary Holding has established itself as one of the most influential and recognized manufacturers in the PCB industry.