JLC, an integrated infrastructure service provider for the electronics industry, has passed its IPO review on the Shenzhen Stock Exchange main board, planning to issue up to 62 million shares and raise 4.2 billion yuan. In 2025, the company reported revenue of 10.232 billion yuan and non-GAAP net profit of 1.229 billion yuan, serving over 9.5 million users with more than 21 million orders. The funds will be invested in five projects, including high-multilayer PCB production lines, PCBA smart production lines, and machinery industry chain production lines, to alleviate capacity constraints. JLC's 3D printing division operates over 1,200 industrial-grade machines, and this IPO will provide capital support for the large-scale deployment of its binder jet metal 3D printing services, driving bulk procurement demand for 316L stainless steel and TC4 titanium alloy powders.