股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 建滔積層板控股有限公司 呈交日期: 2026年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01888 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 1 頁 ...

Group 1 - The core viewpoint of the article highlights that 建滔积层板 (Kangtai Laminated Board) has reported a significant increase in both revenue and profit for the year, with a revenue of 20.4 billion HKD, representing a 10% year-on-year growth, and a profit attributable to shareholders of 2.442 billion HKD, which is an 84.16% increase compared to the previous year [3] - The company plans to expand its production capacity of specialty glass fiber cloth to 2,000 tons by mid-year, with an additional increase of 4,000 tons expected by the end of this year or early 2027 [3] - The demand for AI computing power is driving a new cycle of growth in the PCB industry, with expectations for price and volume increases, particularly in the upstream sector [3] Group 2 - The report from Northeast Securities indicates that the continuous price increase of CCL (Copper Clad Laminate) is primarily driven by demand and upstream inflation [3] - It is anticipated that the prices of key raw materials such as copper, resin, and glass fiber cloth will show a fluctuating upward trend in the first half of 2025, contributing to ongoing cost pressures [3] - Several copper-clad board manufacturers have raised their product prices in response to the sustained increase in costs, indicating a positive outlook for the performance of upstream materials like copper foil, electronic cloth, and resin [3]

Group 1: Company Performance - Xirui (02507) reported a revenue of $1.354 billion for 2025, a year-on-year increase of 13.13%, with a net profit of $139 million, up 15.02% [1] - Jiantao Laminates (01888) achieved a revenue of HKD 20.4 billion, a 10% increase year-on-year, and a profit attributable to shareholders of HKD 2.442 billion, up 84.16% [1] - H&H International Holdings (01112) reported a revenue of RMB 14.354 billion, a 10% year-on-year increase, with an adjusted net profit growth of 22.7% [2] - China Jinmao (00817) posted a gross profit of RMB 9.221 billion, a 7% increase year-on-year, with a gross margin improvement of 1 percentage point [3] - Kunlun Energy (00135) reported a revenue of RMB 193.979 billion, a 3.71% increase year-on-year, but a net profit decrease of 10.3% [3] - China Nonferrous Mining (01258) achieved a revenue of $3.42 billion, a decrease of 10.4% compared to 2024 [4] Group 2: Market Trends - Lithium stocks saw renewed activity, with Tianqi Lithium (09696) up 4.26% and Ganfeng Lithium (01772) up 1.61%, influenced by a rise in lithium carbonate prices [2] - The storage sector stocks showed gains, with companies like Lanke Technology (06809) and Zhaoyi Innovation (03986) experiencing increases [5] - The drone sector saw significant gains, with Swarmer (SWMR.US) up 34.22% following its IPO, highlighting the growing interest in drone technology [6] - Oil and gas stocks collectively rose, driven by a rebound in international crude oil prices, with Brent crude up over 3% [7] - The AI infrastructure expansion faces potential bottlenecks due to storage chip shortages and energy supply constraints [5]

Group 1 - The core viewpoint of the article highlights that 建滔积层板 (Kangtai Laminated Board) has reported a significant increase in revenue and profit, with a 10% year-on-year growth in revenue to HKD 20.4 billion and an 84.16% increase in profit attributable to shareholders to HKD 2.442 billion [1] - The company plans to expand its production capacity of specialty glass fiber cloth to 2,000 tons by mid-year, with an additional increase of 4,000 tons expected by the end of this year or early 2027 [1] - The revenue contribution from specialty glass fiber cloth is projected to reach 3% this year and 12% next year, according to 大华继显 (Daiwa Capital Markets) [1] Group 2 - Northeast Securities has released a report indicating that the demand for AI computing power is driving the PCB industry into a new cycle of simultaneous volume and price increases, with the upstream sector of PCB becoming the largest area of expected growth [1] - The report notes that the continuous price increase of CCL (Copper Clad Laminate) is primarily driven by demand and upstream inflation, with prices of key raw materials such as copper, resin, and glass fiber cloth expected to show a fluctuating upward trend in the first half of 2025 [1] - Under the pressure of rising costs, multiple copper-clad board manufacturers have raised their product prices, and the performance of upstream materials like copper foil, electronic cloth, and resin is anticipated to improve significantly [1]

Core Viewpoint - The stock prices of Kwan Tong Group and Kwan Tong Laminated Board have declined following the announcement of a share placement, which is expected to dilute the group's ownership in the subsidiary [1] Group 1: Stock Performance - Kwan Tong Group's stock fell by 5.1%, trading at HKD 37.56 [1] - Kwan Tong Laminated Board's stock decreased by 3.63%, trading at HKD 21.22 [1] Group 2: Share Placement Details - Kwan Tong Group plans to place up to 130 million shares of Kwan Tong Laminated Board at a discount of approximately 8.7%, representing about 4.15% of the total issued share capital [1] - Post-transaction, Kwan Tong Group's ownership in Kwan Tong Laminated Board will decrease from 71.10% to 66.95%, while Kwan Tong Laminated Board remains a subsidiary [1] Group 3: Company Strategy - The company believes that the share placement will enhance the liquidity of the shares in the market, broaden the shareholder base, and promote more active trading, thereby improving the overall market image of the company [1]

Core Viewpoint - The stock of Kintor Pharmaceutical (01888) opened nearly 7% lower, reflecting market reaction to Kintor Group's announcement of a share placement at a discount, which is expected to dilute existing shareholders' stakes [1] Group 1: Share Placement Details - Kintor Group plans to place up to 130 million shares of Kintor Pharmaceutical, representing 4.15% of its issued share capital [1] - The placement price is set at HKD 21 per share, which is an 8.7% discount compared to the closing price of HKD 23 on March 17 [1] - The estimated net proceeds from the placement are approximately HKD 2.72 billion, intended for general working capital [1] Group 2: Shareholding Changes - Following the completion of the placement, Kintor Group's shareholding in Kintor Pharmaceutical will decrease from 71.1% to 66.95% [1] - Kintor Group has committed not to sell any further shares for 90 days following the completion of the placement [1] Group 3: Market Impact - The stock price of Kintor Pharmaceutical fell by 6.96% to HKD 21.4, with a trading volume of HKD 2.784 billion at the time of reporting [1] - The company believes that the placement will enhance the liquidity of its shares in the market and broaden its shareholder base [1]

Core Viewpoint - 建滔积层板's stock price dropped nearly 7% following the announcement of a share placement by its parent company, 建滔集团, which aims to raise approximately 2.72 billion HKD for general operational funds [1] Group 1: Share Placement Details - 建滔集团 plans to place up to 130 million shares of 建滔积层板, representing 4.15% of its issued share capital [1] - The placement price is set at 21 HKD per share, which is an 8.7% discount compared to the closing price of 23 HKD on March 17 [1] - The net proceeds from the placement are estimated to be around 2.72 billion HKD [1] Group 2: Ownership and Market Impact - Following the completion of the placement, 建滔集团's ownership in 建滔积层板 will decrease from 71.1% to 66.95% [1] - The company believes that the placement will enhance the liquidity of its shares in the market and broaden its shareholder base [1]

KINGBOARD LAMINATES HOLDINGS LIMITED 建滔積層板控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：1888） 自願性公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 本 公 告 不 構 成 或 組 成 在 美 國 出 售 證 券 的 任 何 要 約 的 一 部 分。該 等 股 份 不 曾 亦 不 會根據一九三三年《美 國 證 券 法》（「證券法」）登 記，且 不 可 在 美 國 境 內 發 售 或 出 售，惟 根 據 證 券 法 獲 豁 免 登 記 規 定 者 除 外。概 不 會 在 美 國 公 開 發 售 該 等 股 份。 – 1 – 根 據 大 宗 交 易 協 議，建 滔 集 團 同 意 作 出 承 諾，自 大 宗 交 易 協 議 日 期 起 直 至 配 售 完成後90日 止，不 會 出 售 股 份（根 據 大 ...

Group 1 - The core viewpoint of the report is that Dahua Jixiang has raised its revenue forecasts for Kintor Holdings (01888) by 19% and 30% for the next two years, and profit forecasts by 20% and 32% respectively, with projected revenue and profit of 30.1 billion and 4.2 billion by 2028 [1] - Kintor Holdings reported a net profit increase of 84% year-on-year to 2.442 billion, driven by improved gross margins and investment income [1] - The company plans to expand its production capacity of specialty glass fiber cloth to 2,000 tons by mid-year, with an additional increase of 4,000 tons expected by the end of this year or early 2027 [1] Group 2 - The forecast for revenue contribution from specialty glass fiber cloth is expected to reach 3% and 12% for this year and next year respectively [1] - The target price for Kintor Holdings has been raised to HKD 25.3, with the rating upgraded to "Buy" [1] - The core net profit, excluding investment income of 503 million, increased by 42% year-on-year to 2.082 billion, which was below the expectations of the firm [1]

Group 1 - The core viewpoint of the report is that the revenue and profit forecasts for 建滔积层板 (Kangtai Laminated Board) have been significantly increased for the next two years, with revenue predictions raised by 19% and 30%, and net profit predictions raised by 20% and 32% respectively [1] - The target price for 建滔积层板 has been adjusted to HKD 25.3, and the rating has been upgraded to "Buy" [1] - Last year's net profit for 建滔积层板 increased by 84% year-on-year to RMB 2.442 billion, driven by improved gross margins and investment income [1] Group 2 - The core net profit, excluding investment income of RMB 503 million, rose by 42% year-on-year to RMB 2.082 billion, which was below the expectations of the firm [1] - 建滔积层板 plans to expand its production capacity of specialty glass fiber cloth to 2,000 tons by mid-year, with an additional increase of 4,000 tons expected by the end of this year or early 2027 [1] - The revenue contribution from specialty glass fiber cloth is forecasted to reach 3% and 12% for this year and next year respectively [1]