Source: CPCA printed circuit information

 

According to the China Electronic Circuit Industry Association and statistics, the output value of China's printed circuit board industry in 2019 is 227.499 billion yuan [Note 1]. Year-on-year growth of 5.2%, of which, single / double panel output value was 39.745 billion yuan, an increase of 0.87% year-on-year, accounting for 17.47% of the total output value; multilayer board output value was 104.576 billion yuan, an increase of 5.30% year-on-year, accounting for 45.97% of the total output value; HDI output value was 37.74 billion Yuan, a year-on-year increase of 4.93%, accounting for 16.59% of the total output value; package substrate output value of 7.492 billion yuan, an increase of 18.59%, accounting for 3.29% of the total output value; flexible board output value of 37.945 billion yuan, an increase of 7.62%, accounting for 16.68% of the total output value, Have achieved good results.

 

Among them, the market share of multi-layer boards is still the first in the market, providing important support for the overall development of the PCB industry. The proportion of high-tech PCBs such as HDI boards, packaging substrates and flexible boards continues to increase, becoming a new driving force for market development.

 

From 2001 to 2009, after experiencing the global financial crisis, the global electronics industry was frustrated, and the PCB industry has shrunk into a long period of low tide. After 2010, the Chinese electronics industry entered the main stage of history, the output value of the PCB industry resumed its growth trend, and entered a period of steady growth. From 2009 to 2019, the CAGR of China's PCB industry output value was 8.86%.

 

In June 2019, the Ministry of Industry and Information Technology issued 5G commercial licenses to the four major operators, indicating that China's 5G network construction and application development will be further accelerated, and 2019 will become the first year of 5G commercial use. With 5G becoming a new growth point in the PCB industry and driving the demand for high-frequency and high-speed PCB products, PCB manufacturers actively responded to the call to lay out 5G infrastructure and mobile terminal industries. With the increase in demand, domestic upstream material manufacturers have increased research and development of high-end materials such as high-frequency and high-speed materials, and PCB blocks have grown strongly.

 

In 2019, China's communications industry will deeply implement the decision-making and deployment of the Party Central Committee and the State Council, adhere to the new development concept, and actively implement the strategy of strengthening the country through the network. 5G construction will be promoted in an orderly manner, and the capacity of new information infrastructure will continue to improve, effectively supporting the digital transformation of society. Promote the development of China's electronics industry.

 

According to customs statistics, China's printed circuit board imports and exports totaled 178.179 billion yuan in 2019, while China's printed circuit board imports and exports totaled 182.805 billion yuan in 2018, a year-on-year decrease of 2.23%. Among them: total exports: 101.01 billion yuan, a year-on-year increase of 0.18%. The total import volume was 77.709 billion yuan, a year-on-year decrease of 5.21%, and the import and export surplus was 23.302 billion yuan, a year-on-year increase of 23.63%.

 

Among the total exports, the fourth and lower tiers: 55.975 billion yuan, a year-on-year decrease of 2.41%; the above four tiers: 45.035 billion yuan, a year-on-year increase of 3.60%.

 

Of the total imports, the fourth and lower tiers: 36.319 billion yuan, down 8.51% year-on-year; the above four-tier: 41.390 billion yuan, down 2.10% year-on-year.

 

In 2019, China's printed circuit board imports and exports totaled 77.272 billion pieces, and in 2018 the total imports and exports totaled 78.441 billion pieces, a year-on-year decrease of 1.49%. Among them: total exports in 2019: 32.727 billion, down 0.67% year-on-year, total imports of 44.545 billion, down 2.08% year-on-year, deficit of imports and exports: 11.817 billion, down 5.78% year-on-year.

 

Among the total exports, four tiers and below: export 29.642 billion pieces, down 0.58% year-on-year; more than four tiers: exports: 3.086 billion pieces, down 1.61% year-on-year.

 

Among the total imports, four layers and below: imports of 40.117 billion yuan, a year-on-year decrease of 2.35%, and above four floors: imports of 4.428 billion yuan, a year-on-year increase of 0.39%.

 

According to data from the Ministry of Industry and Information Technology, the operating income of the electronic information manufacturing industry above designated size in 2019 reached approximately 14.8 trillion yuan [Note 2], a year-on-year growth rate of 4.5%, total profit increased by 3.1% year-on-year, operating income margin increased by 4.4% year-on-year, operating costs It increased by 4.2% year-on-year, fixed asset investment increased by 16.8% year-on-year, and the cumulative export delivery value increased by 1.7% year-on-year. Among them, the operating income of the communication equipment manufacturing industry increased by 4.3% year-on-year; the operating income of the computer manufacturing industry increased by 3.9% year-on-year; the operating income of the electronic component and electronic special material manufacturing industry increased by 0.3% year-on-year, and the operating income of the electronic device manufacturing industry increased by 9.4% year-on-year.

 

According to the annual express reports and annual reports of 17 listed PCB companies, the total operating income in 2019 was 102.559 billion yuan, a year-on-year increase of 13.63%. The net profit attributable to shareholders of listed companies in 2019 was 8.998 billion yuan, a year-on-year increase of 22.46%, and the performance was gratifying.

 

It can be seen that China's printed circuit industry has maintained steady development in 2019, and most enterprises have developed steadily.