Ⅰ . Industry Policies

1. Central authorities issue guidelines for deep integration of sci-tech and industrial innovation

On October 21, the General Office of the CPC Central Committee and the General Office of the State Council issued the *Opinions on Promoting the Deep Integration of Scientific and Technological Innovation and Industrial Innovation*Xinhuanet. The document reinforces the dominant role of enterprises in innovation, pushes for breakthroughs in core technologies including integrated circuits and advanced materials, and supports enterprises to lead industry-university-research cooperation and commercialization of scientific and technological achievements.Source: Ministry of Science and Technology

2. China’s GDP grows 4.6% YoY in the first three quarters

On October 19, the National Bureau of Statistics released data: China’s GDP reached 107.11 trillion yuan in the first three quarters of 2026, up 4.6% year-on-year at constant prices; Q3 growth stood at 4.5% YoY. The value added of industrial enterprises above designated size increased by 5.3% in the January–September period, showing overall stable economic performance.Source: National Bureau of Statistics of China

3. State Council Executive Meeting reviews progress of the AI Plus initiative

On October 16, the State Council Executive Meeting heard a briefing on the progress of the **AI Plus** initiativeXinhuanet. The meeting emphasized driving technological innovation through real-world application delivery, advancing deep integration between artificial intelligence and the real economy, and leveraging China’s complete industrial system, abundant application scenarios and strong engineering capabilities.Source: [Gov.cn](https://Gov.cn) (The State Council of the People’s Republic of China)

II. Market Dynamics

1. Global smartphone shipments drop 20% YoY in Q3

On October 15, Omdia released preliminary data: global smartphone shipments fell 20% year-on-year in Q3 2026, a steeper decline than the 6% drop in Q2. Rising memory chip costs squeezed profit margins of mid-to-low-end models and dampened brand inventory plans. Samsung and Apple together accounted for around 45% of global shipments.Source: Omdia

2. Electronics manufacturing value added jumps 16.4% in September

On October 19, the National Bureau of Statistics published September industrial output figures. Industrial value added of above-scale enterprises rose 5.5% YoY. Among sectors, the computer, communications and other electronic equipment manufacturing sector grew by 16.4%, outpacing the overall industrial growth; special-purpose equipment manufacturing rose 12.1%. The electronics manufacturing sector maintained robust expansion.Source: National Bureau of Statistics of China

3. Industrial robot output surges 29.1% YoY in Jan–Sep

Data released on October 19 showed China produced 794,800 industrial robots in the first nine months of 2026, up 29.1% year-on-year on a comparable basis. September output reached 96,800 units, rising 18.9% YoY. The fast-growing robot manufacturing sector will boost demand for control and drive electronics components.Source: National Bureau of Statistics of China

4. New energy passenger vehicle retail hits 520,000 units in the first 18 days of October

On October 21, the China Passenger Car Association (CPCA) released its monthly scan: new energy passenger vehicle retail sales reached 520,000 units from October 1 to 18, down 13% YoY; wholesale volume stood at 655,000 units, up 5% YoY. The new energy penetration rate hit 65.9% during the period, with divergent trends between terminal retail and manufacturer wholesale.Source: China Passenger Car Association (CPCA)

III. Corporate News

1. Dongshan Precision launches global H-share offering

On October 20, Dongshan Precision published its H-share prospectus and kicked off the Hong Kong public offering. The base global offering covers approximately 114 million shares, with a maximum offer price of HK$93.8 per share. The stock is expected to list on the Hong Kong Stock Exchange (HKEX) on October 28. The company plans to use overseas financing to expand production capacity and global layout for its PCB and optical module businesses. The final offer price and listing date remain subject to official announcements.Source: Dongshan Precision Announcement

2. Aoshikang plans H-share issuance and Hong Kong IPO

On October 21, Aoshikang announced that its board of directors approved the proposal to issue H-shares and list on the Main Board of HKEX. The plan still requires shareholder approval and regulatory reviews. The company’s 1 billion-yuan convertible bond was listed on October 20, with proceeds earmarked for high-end printed circuit board projects.Source: Aoshikang Announcement

3. Shi Yun Circuit advances high-end PCB investment project in Thailand

On October 21, Shi Yun Circuit disclosed the fund arrangement for its Thailand project. Shi Yun Thailand will cover part of the project expenditure with internal funds first, followed by an equivalent replacement with raised capital, involving around US$11.6571 million. The project will build capacity for 1.2 million square meters of high-end, high-precision PCBs annually.Source: Shi Yun Circuit Announcement

4. Hongchang Electronics to invest no less than RMB 800 million in high-end copper clad laminate project

On October 21, Hongchang Electronics announced board approval for its wholly-owned grand subsidiary Zhuhai Hongren to sign an investment agreement with the Zhuhai Economic & Technological Development Zone. The project will produce high-end copper clad laminates (CCL) and prepregs, with total investment of no less than 800 million yuan, including fixed-asset investment of no less than 700 million yuan. The project still needs environmental assessment and land approval procedures.Source: Hongchang Electronics Announcement

5. Huadian Electronics starts mass shipment of PCBs for 1.6T switches

On October 20, Huadian Electronics released investor meeting minutes: PCBs supporting 1.6T switches have entered mass production and shipment; core products supporting 224Gbps transmission are available in small-batch supply. The firm is also developing PCB products for 3.2T switches and 448Gbps high-speed transmission products.Source: Huadian Electronics Investor Relations Record

6. Sihui Fushi unveils Phase VI factory commissioning schedule

On October 19, Sihui Fushi stated in institutional research that its Phase VI factory is scheduled to start production in early November, with full capacity ramp-up expected in early 2027. The company reported a solid order backlog with delivery schedules booked through year-end and early next year. The pace of new capacity release depends on customer certification and production ramp-up progress.Source: Sihui Fushi Investor Relations Record

7. Kingboard Laminates raises prices for thin fabric base materials and prepregs

On October 19, *China Securities Journal* reported that Kingboard Laminates issued a price adjustment notice. Due to tight supply of upstream glass fabric and glass yarn, the company raised prices by 15% for base materials and prepregs made with 2116 and finer thin glass fabrics. Other CCL manufacturers also rolled out price hikes for selected products in October.Source: China Securities Journal

Disclaimer

This newsletter is compiled from public media and listed company announcements, for industry reference only, and does not constitute any investment advice.

Shenzhen Juehui Weiye Circuit Co., Ltd. is a one-stop integrated service provider focusing on PCB and PCBA manufacturing. Our core businesses include high-precision multilayer PCB customization, AI computing-power circuit boards, rapid PCB prototyping, PCBA assembly and full-turnkey testing services.

Equipped with high-end precision production equipment, we support ultra-high-density packaging processes. Our products are widely used in AI computing infrastructure, communication equipment, new energy vehicles, smart home appliances, industrial control, medical electronics and high-end consumer electronics. Backed by a mature supply chain and strict quality control system, we deliver high-quality, high-efficiency electronic circuit manufacturing solutions for clients worldwide.