Chinese PCB manufacturer Shennan Circuits reported a Q3 2026 operating revenue of RMB 10.478 billion, a year-on-year increase of 66.29%. Net profit attributable to shareholders of the listed company was RMB 1.878 billion, up 94.42% year-on-year. The company attributed the revenue growth to increased demand for high-end electronic circuits driven by AI computing infrastructure construction, and is expanding capacity and equipment investment. It plans to raise no more than RMB 4.367 billion for its Wuxi AI computing electronic circuit product project. However, in the first three quarters, the company's operating cash flow decreased by 15.36% year-on-year, accounts receivable and inventory significantly increased, and financial expenses surged by 800.66% to RMB 299 million, mainly due to exchange gains/losses and equity incentive expenses.