On October 27, Shenzhen JLC Group (the company behind the JLCPCB platform) disclosed its 2026 third-quarter report. For the first three quarters, the company posted revenue of RMB 11.998 billion, up 65.57% year-on-year, and net profit of RMB 1.866 billion, up 98.71% — both figures already exceeding its full-year 2025 levels, with growth momentum sustained across all three quarters without any sign of fading. As a leading domestic hardware R&D services platform, this report card has reset the market’s perception of the electronic manufacturing services track.
From a business perspective, JLC’s high growth is deeply tied to the “physical AI” wave. The company stated in its report that as physical AI extends into robotics, smart terminals and industrial equipment, the number of hardware innovation participants and projects keeps expanding, driving growing demand for prototyping, trial production and small-batch fabrication. JLC provides one-stop intelligent manufacturing services built around customers’ “multi-category, small-batch, high-frequency, short-lead-time” hardware R&D needs — covering PCB engineering, rapid prototyping, SMT assembly and component sourcing — compressing the journey from schematic to physical hardware down to days and dramatically lowering the barrier to innovation.
From the perspective of industry dynamics, JLC serves as a bellwether for the front end of the physical-AI industrial chain — before every humanoid robot or smart terminal reaches mass production, it must go through dozens of rounds of board revisions and prototyping, and the “last mile” from design to physical hardware is becoming a hard industry requirement. As upstream platform vendors supply chips and computing power while flexible manufacturing platforms provide rapid prototyping, China’s hardware innovation infrastructure is closing the loop. This also explains why the upstream R&D services segment delivered earnings ahead of the terminal shipment ramp: the exponential growth in the number of innovation projects precedes the volume ramp of end products.
For Junyi Microelectronics, this trend is highly aligned with the track we operate in. Junyi’s core boards J-3568/J-3576/J-3588 and K-series edge AI motherboards rely on rapid prototyping and intensive iteration during project incubation, while mass production is safeguarded by our own production lines for quality and delivery cadence; the continued shipments of edge computing hosts 5G-EDGE-3399Pro/AI-BOX-3588, the compact industrial PC IPC-i5-1235U and touch-panel all-in-one machines likewise benefit from the expanding industrial-control and edge-device demand driven by physical AI. The prosperity of the hardware innovation ecosystem will ultimately settle into deterministic orders across the embedded industry chain.
Source: http://finance.sina.com.cn/wm/2026-10-28/doc-iniwukpx9538859.shtml (2026-10-28)