Shenzhen Xunjiexing clears SSE filing on $18M placement for Zhuhai PCB plant

What's the deal? Shenzhen Xunjiexing Technology (SSE: 688655) said on October 24, 2026, that the underwriting summary for its 2026 private placement of A-shares had cleared Shanghai Stock Exchange filing. The company will now register and place the new shares in custody, the final step before the deal lands.

By the numbers: The placement raised roughly US$17.9M, with net proceeds of about US$17.5M. Issued to specified investors under China's simplified procedure, it is a routine form of equity financing.

What's the endgame? Xunjiexing is directing most of the money to a high-density interconnect (HDI) production line in Zhuhai, with the rest topping up working capital. The build-out targets demand tied to AI servers, data centres, and high-speed communications.

Why now? The company swung to a profit in the first half of 2026, with revenue up 77.5% year on year, though net profit was a modest US$1.96M. The raise gives it capital to chase compute-infrastructure orders as the sector expands.

What could go wrong? The Zhuhai expansion still faces a production ramp, depreciation, and raw-material cost pressure. The company has not disclosed the issue price, subscribers, or dilution to existing shareholders in this notice — those sit in a separate issuance report.

The signal: The round is small, but it slots Xunjiexing into a wider push to add high-end printed circuit board and HDI capacity. Larger players such as Shennan Circuits and Avary HoldingDealroom has a profile for this one. Try Dealroom → have announced bigger expansions; whether this bet pays off hinges on how fast the new line ramps and converts into orders and profit.

Read more: minichart.com.sg

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