New stock news | Global market share 18.8%! PCB direct imaging equipment leader Circuit Fabology Microelectronics Equipment (688630.SH) listed on the Hong Kong Stock Exchange for hearing.

According to the disclosure by the Hong Kong Stock Exchange on June 10th, Circuit Fabology Microelectronics Equipment Co., Ltd. (referred to as Circuit Fabology Microelectronics Equipment (688630.SH)) went through a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. The prospectus shows that Circuit Fabology Microelectronics Equipment is the world's largest supplier of PCB direct imaging equipment, providing PCB direct imaging equipment and semiconductor direct writing lithography equipment in the AI era. With its core high-precision micro-nano lithography technology research and development capabilities and the ability to apply its proprietary technology to various innovative applications, the company is committed to manufacturing, selling, and maintaining direct imaging and direct writing lithography equipment for global customers. According to data from Zoyu Consulting, by revenue in 2025, the company ranks fourth among global direct writing lithography equipment suppliers with a market share of 9.4%. As one of the most important segments in the global direct writing lithography equipment industry, the competition landscape in the global PCB direct imaging equipment industry is relatively concentrated, with the top five PCB direct imaging equipment suppliers accounting for a total market share of approximately 59.1% in 2025. According to the same data, in terms of revenue in 2025, Circuit Fabology Microelectronics Equipment is the world's largest supplier of PCB direct imaging equipment with a market share of 18.8%. In the same year, in terms of revenue, the market share of the company's closest competitor is 15.7%, while that of other major competitors is similar. As of December 31, 2025, Circuit Fabology Microelectronics Equipment is the only company in the world that commercializes products covering all PCB, IC carrier boards, advanced packaging, and mask plate applications, one of only two companies in China that commercialize products covering advanced packaging applications, and one of only three companies in China that cover mask plate applications with commercialized products. As of June 8, 2026, Circuit Fabology Microelectronics Equipment has a production base in Hefei, China, including phase one and phase two. The Hefei production base (phase one) started operations in 2021, specializing in the production of high-end PCB direct imaging equipment, wafer-level packaging direct imaging lithography equipment, and FPD equipment. In the past record period, the effective capacity utilization of the Hefei production base (phase one) in 2023, 2024, and 2025 was 89.1%, 96.9%, and 100.2%, respectively. The Hefei production base (phase two) began preliminary trial operation in September 2025, specializing in the production of automated line systems, high-end PCB direct imaging equipment, laser drilling equipment, wafer-level packaging direct imaging lithography equipment, and flat panel display equipment. In the preliminary trial operation stage, as of December 31, 2025, the Hefei production base (phase two) has produced 48 automated production lines to support 96 LDI devices. In terms of the industry, the global market size of direct writing lithography equipment is expected to grow from approximately RMB 11.2 billion in 2024 to approximately RMB 19 billion in 2030, with a compound annual growth rate of 9.2% during the period. With the trend of high performance, multi-functionality, and miniaturization of electronic products, the global printed circuit board industry is continuously upgrading. The market size of the global printed circuit board industry was approximately RMB 439.4 billion in 2024 and is expected to reach approximately RMB 574.2 billion by 2030, with a compound annual growth rate of 4.6%. Among them, the market size of the global high-end printed circuit board industry is expected to grow from approximately RMB 197.8 billion in 2024 to approximately RMB 293.2 billion by 2030, with a compound annual growth rate of 6.8%. In terms of finances, in the fiscal years 2023, 2024, and 2025, the company's operating income was approximately RMB 829 million, RMB 954 million, and RMB 1.408 billion, respectively; during the same period, the company's net profit was approximately RMB 179 million, RMB 161 million, and RMB 290 million, respectively.