B[PCB concept fluctuated and fell, Jinan Guoji fell by the limit] On October 9, the PCB concept fluctuated and fell, Jinan Guoji fell by the limit, Huazheng New Materials, Nord Co., Ltd., Fangbang Co., Ltd., Jiayuan Technology, Taijin New Energy, Nanya New Materials and other stocks fell more than 5%. B[PCB concept is active again, Shiming Technology and Dongcai Technology both hit the daily limit] On October 8th, the PCB concept became active again in early trading, with Shiming Technology and Dongcai Technology hitting the daily limit, Tongyu New Materials, Chenghe Technology rising by more than 10%, and Fangbang Shares, Nanya New Materials, Shengquan Group, etc. following suit. In terms of news, Kingboard Laminated Panels has issued multiple rounds of CCL price increase notices this year. Nanya Plastics has raised product prices since September, and the price increase effects are being fully transmitted to the downstream. A research report from Guojin Securities stated that the strong demand for AI has driven up the price and volume of PCB. Many AI-PCB companies have strong orders, full production and sales, and vigorous expansion of production. However, overseas copper-clad laminate manufacturers are slow to expand production, and the shortage of goods and price increases are expected to continue. B[PCB concept shock adjustment, ultrasonic electronics dropped to the limit] On September 24th, PCB concept shock adjustment, ultrasonic electronics dropped to the limit, Yihao New Materials fell more than 9%, Qiangda Circuit, Jinlu Electronics, Guanghe Technology, Sihui Fushi, Zhongyi Technology, Pengding Holdings, Ping An Electrician, etc. all fell. B[PCB price increases are transmitted smoothly to the downstream, and more industry applications begin to increase] On September 24th, A-share PCB (Printed Circuit Board) concept stocks led the gains strongly on September 23rd, with many stocks such as Zhongyi Technology, Jitai Shares, Aohong Electronics, Jiangnan New Materials, and Eton Electronics reaching their daily limit. In terms of news, Jiangxi Hongruixing Technology Co., Ltd., Panasonic, Nanya Plastics and other companies have recently raised the prices of copper-clad laminates (CCL) and other products again. The reporter investigated the industry chain and learned that the current PCB industry has undergone significant changes: on the one hand, what is more noteworthy than the upstream price increase is that PCB board factories are ushering in a profit recovery window; on the other hand, the driving force for industrial growth is also quietly gaining momentum. In addition to the continued strong momentum of AI computing power, new growth momentum such as robots and optical modules have begun to emerge, and the entire industry has entered a development pattern of "the strong will always be strong". (Shanghai Securities News) B[PCB concept has repeatedly strengthened, Guanghe Technology 2-connected board] On September 22, the PCB concept has repeatedly strengthened, Guanghe Technology 2-connected board, Yihao New Materials, Kaihua Materials rose more than 10%, Xianfeng Holdings hit the daily limit, Welco, Hongshida, Shennan Circuit, and Xingsen Technology rose more than 5%. In terms of news, recent research reports from many institutions pointed out that as the prices of upstream raw materials continue to rise, PCB (printed circuit board) manufacturers have successively started to re-quote prices. This phenomenon marks the opening up of the price transmission mechanism of the industrial chain. It is expected that the third quarter of 2026 will become the starting point for the sector's profit improvement. B[PCB concept rises again, Ultrasonic Electronics hits the daily limit] On September 21, the PCB concept rose again in the afternoon, Ultrasonic Electronics hit the daily limit, Daya Shengxiang closed the daily limit, and went out of the 2-game board. Previously, Guanghe Technology and Chaoying Electronics hit the daily limit, Shiyun Circuit, Shenghong Technology, Founder Technology, and Sihui Fushi rose by more than 5%. B[PCB concept fluctuated higher, Guanghe Technology hit the daily limit] On September 21, the PCB concept fluctuated higher in early trading, Guanghe Technology hit the daily limit, and Xunjiexing, Jingwang Electronics, Shennan Circuit, Pengding Holdings, and Shenghong Technology were among the top gainers. In terms of news, recent research reports from many institutions pointed out that as the prices of upstream raw materials continue to rise, PCB (printed circuit board) manufacturers have successively started to re-quote prices. This phenomenon marks the opening up of the price transmission mechanism of the industrial chain. It is expected that the third quarter of 2026 will become the starting point for the sector's profit improvement. B[PCB concept is active, Sinoma Technology is hitting the daily limit] On September 18th, the PCB concept was active, Sinoma Technology was hitting the daily limit, and Xunjiexing, Huazheng New Materials, Ruifeng High-tech Materials, and Jingwang Electronics followed suit. On the news, CITIC Securities pointed out that in the traditional PCB field, manufacturers with the ability to obtain materials concentrated on raising prices by more than 20% from June to August, and the pace of price increases has increased significantly. The profitability of related PCB manufacturers is expected to improve significantly from the third quarter. B[PCB concept rises again, Aohong Electronics 4-connected board] On September 16, the PCB concept rose again in early trading, Aohong Electronics 4-connected board, Will rose by more than 10%, Yibo Technology, Jinlu Electronics, Zhongjing Electronics, Oshiconn, etc. followed suit. In terms of news, the latest research report from Zheshang Securities shows that as the price of PCB upstream materials continues to rise, the price increase has begun to be transmitted to some PCB categories, and the effect of the price increase will gradually be reflected from the third quarter of 2026. B[CICC: Optical communications industry will be highly prosperous in 2027 with certainty to increase] On September 16, CICC Research reported that the popularity of the 27th Optical Expo has increased compared with previous years, with more than 4,000 companies participating in the exhibition, and the overall number of visitors was nearly 190,000, a year-on-year increase of 32%. "Locking orders" and "locking materials" have become keywords for exhibition research, and the certainty of demand in 2027 will further increase. Based on exhibition research, the order schedule of some high-speed optical chip companies has been extended to 2028 and beyond, and the visibility of optical module orders covers 2027 and beyond; leading optical module manufacturers are actively targeting core materials such as DSP, mSAP PCB, and high-speed optical chips. It is expected that the difference in subsequent delivery will depend more on key material security, yield and customer certification, among which advanced process DSP may become the most scarce link. It is expected that by 2028, after standards and engineering solutions gradually converge and yields increase, NPO is expected to accelerate volume expansion, and CPO may gradually enter Scale-up; OCS will move from a few cloud vendors for self-use to more AI clusters, driving the sinking of 2.4T light coherent applications; 400G per lane promotes device upgrades, and thin film lithium niobate is expected to accelerate its entry into customer verification and application windows. A[PCB concept repeatedly strengthens, Ultrasonic Electronics has 5 boards in 7 days] On September 15, the PCB concept has repeatedly been active, with Ultrasonic Electronics having 5 boards in 7 days. Previously, Huazheng New Materials had 3 boards in 7 days, Aohong Electronics hit the daily limit, Fangbang Shares, Nanya New Materials, Xingsen Technology, and Mankun Technology followed suit. In terms of news, the latest research report from Zheshang Securities shows that as the price of PCB upstream materials continues to rise, the price increase has begun to be transmitted to some PCB categories, and the effect of the price increase will gradually be reflected from the third quarter of 2026. B[PCB concept oscillated and rebounded, Ultrasonic Electronics had 4 boards in 6 days] On September 14th, the PCB concept oscillated and rebounded in early trading. Ultrasonic Electronics had 4 boards in 6 days. Kangda New Materials, Kexiang Shares, Tianjin Pulin, Jialichuang, Bomin Electronics, etc. were among the top gainers. On the news, institutional research reports pointed out that as the prices of electronic cloth, copper foil and CCL continue to rise, PCB manufacturers have successively started to re-quote. Compared with upstream materials, there is a certain time lag in price increases by board manufacturers. Q3 is expected to be the starting point for product prices, capacity utilization and order structure to improve together. B[PCB concept rises again, Ultrasonic Electronics has 3 boards in 5 days] On September 11th, the PCB concept rose again in the afternoon, with Ultrasonic Electronics having 3 boards in 5 days. Previously, Aohong Electronics and Concord Electronics hit the limit, and Chongda Technology, Bomin Electronics, Xunjiexing, Junya Technology, etc. followed suit. On the news, institutional research reports pointed out that as the prices of electronic cloth, copper foil and CCL continue to rise, PCB manufacturers have successively started to re-quote. Compared with upstream materials, there is a certain time lag in price increases by board manufacturers. Q3 is expected to be the starting point for product prices, capacity utilization and order structure to improve together. B[PCB concept rebounded in shock, Sihui Fushi rose by more than 10%] On September 10th, the PCB concept rebounded in shock during the day, Sihui Fushi rose by more than 10%, Jinan Guoji approached the daily limit during the session, and Welgo, Hongshida, Yihao New Materials, and Ultrasonic Electronics were among the top gainers. In terms of news, at the end of August, Kingboard Laminated Board issued its seventh price increase letter this year: FR-4 copper-clad laminates will increase by 10%, prepregs will be adjusted according to specifications, and thin cloth will increase by up to 20%. Later, Panasonic announced that it would raise copper-clad laminate prices from September 1, with some products increasing by up to 30%; Nanya Plastics followed suit, increasing by 20% to 25%. B[PCB concept continues to strengthen, Oscon's daily limit reaches a record high] On September 9th, PCB concept continued to strengthen during the session, Oscon closed its daily limit, and Jingwang Electronics rose by more than 5%, both hitting record highs. Previously, Huazheng New Materials had 2 boards in 3 days, Qiangda Circuit, Mankun Technology rose by more than 10%, and Yihao New Materials, Yibo Technology, Nanya New Materials, etc. followed suit. In terms of news, Panasonic recently announced that it will increase the price of copper clad laminates (CCL) due to rising costs of copper foil and glass fiber, with some products increasing by up to 30%. B[PCB concept fluctuated and pushed up Zhongjing Electronics' daily limit] On September 7, the PCB concept fluctuated and pushed up, Zhongjing Electronics hit its daily limit, Xunjiexing 20CM hit its daily limit, Jingwang Electronics hit its daily limit, and Shengyi Technology, Huazheng New Materials, and Guanghe Technology followed suit. On the news, Sinolink Securities released a research report saying that overall, in the first half of this year, the fundamental performance of upstream materials in the PCB industry chain was significantly better than that of downstream PCBs. In the second half of the year, the PCB link will usher in dual marginal changes of new product launches and profit restoration. B[PCB concept rebounded with shock and rebound, Founder Technology and Zhongjing Electronics both hit the limit] On September 4th, the PCB concept rebounded in early trading, with Founder Technology and Zhongjing Electronics both hitting the limit, and Jingwang Electronics, Zhongying Technology, Fangbang Shares, Yibo Technology, and Taijin New Energy followed suit. On the news, Panasonic announced that it will increase the price of copper clad laminates (CCL) due to rising costs of copper foil and glass fiber. Products will be shipped starting from September 1, 2026, with some products increasing by up to 30%. Previously, Kingboard Laminated Board announced a unified price increase of 10% for all thickness FR-4 copper-clad laminates; PP semi-cured sheet prices were adjusted according to specifications. Thick cloth PP above 7628 (inclusive) increased by 10%, and thin cloth PP below 7628 increased by 20%.
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