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JLCPCB

ServiceShenzhen, ChinaFounded 2006· One of 1986 Service companies tracked by AMPulse

Chinese provider of PCB prototyping, SMT assembly, electronic components, 3D printing, CNC machining, and EDA software through an integrated online platform serving over 8 million engineers globally.

CEO / Founder
Yuan Jiangtao (袁江涛)
Team Size
10000+
Stage
Public
Total Funding
$825M
Latest Round
IPO
Key Investors
Sequoia Capital China; Zhongding Capital (CDH Investments); China Merchants Venture Capital (CSC Group); Jianfa Emerging Investment

Technology & Products

Key Products

PCB/FPC manufacturing (1-64 layers, HDI); SMT assembly; Electronic components marketplace (Lichuang Mall); 3D printing service (SLA, SLS, MJF, SLM, FDM, WJP, BJ); CNC machining; Sheet metal fabrication; Rapid prototyping (vacuum casting); FA mechanical/electrical parts marketplace; EDA software (LCEDA/EasyEDA); CAM/DFM software; Cloud ERP; ECAD software; 3D model viewer; Ican toolbox

Technological Advantage

Proprietary 'PCB Intelligent Panelization Algorithm' (自主研发的智能拼板算法) that enables the processing of 20,000+ diverse daily orders by optimally grouping them on production sheets, reducing waste and lead times to as low as 24 hours.

Differentiation

Value Proposition

One-stop integrated platform covering the full hardware innovation chain from design (EDA software) to prototyping (PCB, 3D printing, CNC) to production (SMT assembly, components sourcing) — enabling engineers to go from concept to product through a single online interface with fast turnaround and low minimum order quantities.

How They Differentiate

Vertically integrated platform model covering the entire hardware development cycle (EDA → PCB → components → SMT → mechanical parts → 3D printing) with proprietary digital manufacturing systems, massive scale (1,800 acres of production facilities, 1,355+ 3D printers), and extremely low entry barriers (free PCB prototyping, free EDA software, 1-piece minimum orders).

Market & Competition

Target Customers

Electronics engineers, hardware startups, R&D departments, educational institutions, and SMEs needing rapid PCB prototyping, SMT assembly, 3D printing, and mechanical parts — from individual makers to enterprises like Siemens, DJI, BYD, and XPeng.

Industry Verticals

Consumer electronics; Aerospace/automotive; Robotics; Industrial control; Medical devices; Semiconductor/IC; Communications equipment; Computing; Education; Trading/distribution

Competitors

FutureWorks (未来工场); CloudFactory (云工厂); Moxiao (魔猴网)

Growth & Milestones

Growth Metrics

2025 revenue ¥102.32B ($14.2B), +28.4% YoY; 2025 net profit ¥13.06B ($1.8B), +23.9% YoY; 959M registered users; 2,108M orders processed in 2025; 11,197 employees; 1,355 3D printers installed

Major Milestones

2006: Founded by Yuan Jiangtao; 2012: Lichuang Mall (component e-commerce) launched; 2014: EasyEDA (global EDA) launched; 2020: 3D printing service launched; 2021: Strategic merger of JLC, ZXHPCB, and Lichuang Mall into JLC Group; 2022: CNC machining and FA mechanical parts marketplace launched; 2022: ¥9B Series C funding at ¥375B valuation; 2023: Filed for IPO on Shenzhen Main Board; 2025: Revenue exceeded ¥100B for first time (¥102.32B); 2026-05-12: IPO approved by Shenzhen Stock Exchange

Notable Customers

Siemens; DJI; BYD; XPeng; OPPO; Xiaomi; Anker; JD Logistics; LandSpace (蓝箭航天); Zhiyuan Robotics (智元机器人); Phoenix Contact; Jack Technology

https://www.jlcgroup.cn/

Recent coverage of JLCPCB

Why this company matters

JLCPCB operates as a one-stop Manufacturing-as-a-Service platform that integrates electronic design automation (EDA) software, PCB fabrication, electronic component sourcing, and SMT assembly into a unified digital ecosystem. Founded in 2006 in Shenzhen, the company pioneered an online 'PCB pooling' model that aggregates thousands of small orders into automated high-volume production lines, reducing lead times to as low as 24 hours for prototype runs. This model directly addresses the inefficiency of traditional PCB prototyping, where small-batch orders are typically expensive and slow.

The core technological advantage is a proprietary intelligent panelization algorithm that processes over 20,000 diverse daily orders by optimally grouping them on production sheets, minimizing material waste and maximizing throughput. The platform integrates EasyEDA design software and the LCSC electronic component mall, enabling engineers to design a board, source parts, and order fully assembled products within a single interface without external sourcing. JLCPCB has also expanded into additive manufacturing, offering metal LPBF, polymer MJF, polymer LPBF, and polymer VPP-SLA services through its JLC3DP division.

Target customers range from electronic engineers and hardware startups to research institutions and industrial enterprises requiring rapid prototyping and small-to-medium batch production. Notable named customers include Midea for smart home products and Petoi Bittle for bionic robots. The company serves verticals including consumer electronics, industrial automation, IoT and communication, automotive electronics, medical devices, and aerospace and defense R&D. Key partnerships include collaborations with Huawei on board-level EDA software development, and strategic component supply relationships with ON Semiconductor, STMicroelectronics, and Renesas Electronics.

JLCPCB reported 2023 group revenue of 6.74 billion RMB (~$930 million USD), with 2024 first-half revenue reaching 3.715 billion RMB (~$515 million USD), representing 15.97% year-on-year growth. The company filed for an IPO on the Shenzhen Stock Exchange Main Board in 2023 and has raised $129 million from investors including Sequoia China and SIG. Its primary competitive risk lies in maintaining the intelligent panelization algorithm's efficiency advantage as competitors like PCBWay and PCBGOGO expand their own digital integration capabilities.