Dongshan Precision (02384) listed on the Hong Kong Stock Exchange: “A+H” dual capital layout formed, PCB and optical module dual-wheel drive seize growth dividends

The Zhitong Finance App learned that Dongshan Precision (02384), the AI computing power “seller”, officially landed on the Hong Kong Stock Exchange today (10/28). With the successful listing of H shares, the company will officially implement the “A+H” dual listing platform layout, open up domestic and foreign financing channels, and inject capital momentum into high-end production capacity investment and global business expansion.

Dongshan Precision Cornerstone has a luxurious lineup. Nearly 20 Cornerstone investors have subscribed for a total of US$680 million, bringing together leading international asset managers, first-tier industrial capital, and well-known long-term institutions, including first-tier industrial capital and well-known long-term institutions such as Morgan Asset Management (Asia Pacific), Alibaba Investment, CPE Bodhi, Ruiyuan Fund, Oriental Asset Management (Hong Kong) Co., Ltd., and Crystal Integration Hong Kong, etc., which shows that upstream and downstream of the industrial chain have recognized the long-term value of its PCB and optical module tracks.

As the world's leading electronic intelligent manufacturing company, Higashiyama Precision mainly focuses on PCBs, precision components, touch panels, liquid crystal display modules, and optical modules. Among them, “AI PCB+ optical modules” are the two core tracks for its accelerated growth. According to Insight Consulting, in terms of revenue in 2025, the company is the third largest PCB supplier in the US$85.2 billion global PCB market; through Solus Optoelectronics, the company ranked 7th in the US$24.5 billion global optical module market, with a market share of 2.9%.

As the optical module business continues to rise, Higashiyama Seimitsu's performance has entered the accelerated release stage. In the first half of this year, the company achieved operating income of 27.798 billion yuan, a year-on-year increase of 63.95%; net profit attributable to shareholders of listed companies was 2,957 billion yuan, an increase of 290.09% over the previous year. Achieved net profit of 2.48 billion yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 277.52% over the previous year. The continuous introduction of new customers and products in the optical module business has verified the company's “PCB stabilizer, optical module tilt” dual-engine structure.

As one of the few companies in the industry that simultaneously holds the two major AI computing power hardware tracks, “PCB” and “optical module,” Dongshan Precision is expected to rely on the Hong Kong capital market to link global resources, continue to increase high-end production capacity and technology iteration, amplify the integrated synergy of PCBs and optical modules, and explore the medium- to long-term growth potential of the AI computing power circuit.