With the growth of orders for 5G communications, servers, etc., Shenzhen South Circuit's net profit increased by 48% in the first quarter

On April 10, Shenzhen South Circuit released its first quarter report of 2020. The company achieved revenue of 2.498 billion yuan, a year-on-year increase of 15.47%; net profit attributable to shareholders of listed companies was 277 million yuan, a year-on-year increase of 48.19%; net cash flow from operating activities was 364 million yuan, a year-on-year increase of 494.91%.

Shenzhen South Circuit said in an investor survey at the end of March that compared with the same period last year, the proportion of 5G orders in communication orders in the first quarter of this year has increased significantly. Servers are one of the main hardware in data centers. With the substantial increase in data traffic brought by 5G communications in the future, the demand for related hardware PCBs is also expected to increase significantly.

Compared with the same period last year, the proportion of communications, servers, and medical orders in the first quarter of this year has increased; overall, orders in the first quarter have increased year-on-year. Not only that, the company also mentioned that compared with the same period last year, the proportion of 5G orders in communications orders in the first quarter of this year has increased significantly. Servers are one of the main hardware in data centers. With the substantial increase in data traffic brought by 5G communications in the future, the demand for related hardware PCBs is also expected to increase significantly. The company is currently vigorously promoting the development of related customers and the implementation of orders. In 2019, the proportion of related revenue increased year-on-year.