---
title: "Avary Holding Plans Up to 9.6 Billion Yuan Private Placement for AI Server, Optical Module PCB Project"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291714904.md"
description: "Avary Holding plans a private placement of up to 9.6 billion yuan to fund its Qingding AI server and optical module PCB project, part of a broader 12.73 billion yuan investment strategy. This consolidates previous Huai’an and Thailand park initiatives. Financially, the company reported 2025 revenue of 39.147 billion yuan and net profit of 3.738 billion yuan, though Q1 2026 saw slight declines in both revenue and net profit year-on-year."
datetime: "2026-07-05T06:22:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291714904.md)
  - [en](https://longbridge.com/en/news/291714904.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291714904.md)
generator: "portal-rs"
---

# Avary Holding Plans Up to 9.6 Billion Yuan Private Placement for AI Server, Optical Module PCB Project

Avary Holding (002938.SZ) has unveiled a private placement plan to raise up to 9.6 billion yuan, with all proceeds earmarked for the “Qingding AI server and high-speed optical module high-density interconnect (HDI) build-up board project,” Jiemian News reported. The Qingding project has a planned total investment of 12.73 billion yuan and would add about 655,600 square meters of annual capacity for high-end HDI products. People close to the company said the 12.73 billion yuan plan consolidates investments tied to Avary’s Huai’an strategy, including an 8 billion yuan industrial park project announced in August 2025 (covering SLP, high-end HDI and HLC capacity, with construction from the second half of 2025 to 2028) and an additional 11 billion yuan investment announced in March 2026 for a high-end PCB production base. Avary also announced a 4.297 billion yuan investment in its Thailand park to build capacity for products including high-end HDI (including SLP) and HLC. The company said 2025 revenue was 39.147 billion yuan and net profit attributable to shareholders was 3.738 billion yuan; in Q1 2026, revenue fell 1.25% year-on-year and net profit fell 5.21%.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**