rdr2poker| Up and up, the dilemma of this sector is reversed! Beneficiary stocks are scarce, and the list of stocks with strong performance increases has been released!

Copper clad laminate may usher in the cycle of price increase.

May 20thRdr2pokerKingboard Group again issued a price increase letter: affected by the sharp rise in copper prices, and customers have more stocks, the company increases the price of materials by 5 yuan to 10 yuan per piece, with a price increase of 5% 10%. The price of all products has been increased by 10 yuan per piece in March this year, the second price increase so far this year.

Information shows that Kingboard Group is a company mainly engaged in manufacturing and selling laminates.Rdr2pokerThe latest market capitalization of the investment holding company is more than 20 billion yuan. The company first issued a price increase letter this year in March, which is also affected by the sharp rise in copper prices, which is expected to rise by 5% and 10%.

It is reported that copper clad laminate is the main raw material of PCB. The performance, quality, processability, manufacturing level, manufacturing cost and reliability of PCB depend to a large extent on the copper clad laminate used. The main materials of copper clad laminate include copper foil, resin, fiberglass cloth, etc., and prices have risen to varying degrees since the beginning of this year.

Guosheng Securities believes that copper clad laminate is expected to further transmit the price of raw materials upward and downward, and the profit level is expected to be repaired gradually. On the one hand, the market concentration of copper clad laminate industry is high, which makes copper clad laminate manufacturers have strong bargaining power and easy to pass on higher costs, so in the process of upstream copper prices hitting new highs, it is expected to successfully transmit the price rise. On the other hand, the demand boom of downstream PBC manufacturers has also rebounded. At present, the production rate of copper clad laminate manufacturers has gradually increased, reflecting the recovery of the economy downstream, but also providing support for price increases.

Affected by the semiconductor recession, the prosperity of the copper clad laminate industry has been depressed in recent years. The overall growth rate of the PCB industry in 2023 is-15%. The price of the copper clad laminate industry is low, and some manufacturers have suffered serious losses. Judging from the performance of relevant stocks in the A-share market, the return on non-net assets deducted from copper clad laminate concept stocks in 2023 is only 0.Rdr2poker.54%, a 10-year low. Zhongtai Securities said that the boom of PCB is expected to be repaired in 2024, and copper clad laminates are expected to usher in a reversal of difficulties.

There are not many copper-clad laminate concept stocks in the A-share market. Among them, Shengyi Technology (600183) has been ploughing the copper clad laminate industry for nearly 40 years and has become the second largest supplier of copper clad laminates in the world, with a stable global market share of about 12%. The company's revenue in the first quarter exceeded 4.4 billion yuan, an increase of nearly 18% over the same period last year, and its net profit reached 3%.Rdr2poker92 million yuan, an increase of more than 58 percent over the same period last year.

Shengyi Technology said in its quarterly report that the substantial increase in performance was mainly due to the increase in production and sales of the company's copper clad laminate products, optimization of product structure, increase in operating income, and corresponding increase in the company's net profit. Shengyi Electronics Co., Ltd., a subsidiary of Shengyi Electronics Co., Ltd., continues to optimize the product structure of circuit boards and actively improve the regional layout of product business. With the increasing demand for high-layer printed circuit boards in the server market, production, sales and operating income have increased compared with the same period last year, resulting in a corresponding increase in the company's net profit.

Changjiang Securities recently published a research report that the company's high-end high-speed products have obtained the certification of the world-famous terminal AI server, achieved a major breakthrough in the field of AI GPU, and the product landed steadily. Changjiang Securities (000783) believes that with the strong demand in subdivisions such as AI servers, high-speed copper clad laminates are expected to recover first, and Shengyi technology with deep layout of high-speed copper clad laminates will fully benefit.

Overall, the performance of CCL in the first quarter of this year is generally good, with the net profit of new materials in South Asia surging by more than 208% compared with the same period last year, and the net profit of many stocks, such as Huazheng Xincai (603186) and Shenghong Technology (300476), increased by more than 50%. Looking forward to the whole year, according to the unanimous forecast of the organization, the net profit growth rate of Shengyi Science and Technology this year is expected to reach 48.68%. Sheng Hong Technology and Huazheng Xincai unanimously forecast that the net profit this year is expected to achieve rapid growth, reaching 72.88% and 197.36% respectively.

Compared with the performance, the performance of copper clad laminate concept stocks is generally poor, only Sheng Hong Technology, Shengyi Technology, South Asia New Materials and other stocks rose during the year. The stock with the biggest decline was * ST Chaohua, which fell nearly 70 per cent during the year, while Huazheng Xincai, Jin an Guoji (002636) and ultrasonic electronics (000823) all fell more than 10 per cent.