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 截至月份: 2025年11月30日 狀態: 新提交 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 建滔積層板控股有限公司 呈交日期: 2025年12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 (-) | | | | | ...

Group 1: Stock Movements and Market Reactions - Hengdeli (03389) resumed trading and rose over 10% after announcing a voluntary cash offer at HKD 0.14 per share for all issued shares, excluding those already owned by the offeror and Mr. Feng Jiaqiao [1] - Anjuke Food (02648) increased nearly 5% following a report from Huachuang Securities after attending its 2025 first extraordinary general meeting, where management addressed operational and product channel strategies [1] - Copper stocks collectively surged, with Jiangxi Copper (00358) up 8.08%, China Daye Nonferrous Metals (00661) up 8.6%, and others, driven by a significant rise in LME copper futures, which exceeded USD 11,200, marking a historical high [1] Group 2: Industry-Specific Developments - Lichun Resources (02245) rose over 3% as reports indicated a major Chinese-controlled nickel smelter in Indonesia is cutting production due to tailings management issues [2] - Yuhua Education (06169) saw a nearly 1.89% increase after reporting a revenue of RMB 2.497 billion for the year ending August 31, 2025, a 5.4% year-on-year increase, with adjusted net profit rising 95.6% to RMB 914 million [2] - Jiantao Laminates (01888) increased nearly 7% as AI-driven demand for high-end PCBs surged, leading to price increases for key materials [2] Group 3: Strategic Partnerships and Collaborations - ZTE Corporation (00763) rose over 11% following reports of an upcoming AI phone launch in collaboration with ByteDance [2] - JD Health (06618) increased nearly 4% as demand for respiratory disease testing kits surged with the flu season, indicating a growing market for health-related products [3] - Xindong Company (02400) rose over 3% after announcing a strategic cooperation agreement with Golden Arc, including a financing agreement for USD 40 million [3] Group 4: Financial Performance Highlights - Bawang Tea (CHA.US) rose 6.09% after reporting Q3 results with a total GMV of RMB 7.93 billion and net income of RMB 3.208 billion, with overseas GMV increasing by 75.3% year-on-year [7]

Group 1 - The core point of the article is that Kintor Pharmaceutical (1888.HK) has announced a price increase for its products due to rising copper prices and supply shortages of raw materials [1] - The company will raise prices on all materials starting from today, with specific increases of 5% for CEM-1/22F/V0/HB and 10% for FR-4 and PP [1] - The price adjustments are a response to significant cost pressures stemming from high copper prices and tight supply of glass cloth [1]

Core Viewpoint - The demand for AI-driven high-end PCBs is surging, leading to structural opportunities for copper-clad laminates, with prices increasing due to cost pressures and demand benefits [1] Company Summary - Jintao Laminates (01888) has seen its stock price rise nearly 5%, currently trading at HKD 11.86 with a transaction volume of HKD 102 million [1] - The company, along with others in the industry, has raised product prices multiple times this year due to high demand and cost pressures [1] Industry Summary - The market for AI copper-clad laminates is projected to reach USD 2.2 billion by 2025, representing a 100% year-on-year growth [1] - By 2026, the market is expected to grow to USD 3.4 billion, a 60% increase, driven by ASIC volume and upgrades in NVIDIA's new products [1] - The AI copper-clad laminate market is forecasted to reach USD 5.8 billion by 2028, with a compound annual growth rate (CAGR) of 52% from 2024 to 2028 [1]

Group 1 - The stock of Jiantao Laminated Board (01888.HK) has increased by nearly 5%, currently up 4.77% at HKD 11.86 [1] - The trading volume reached HKD 102 million [1]

Core Viewpoint - The demand for AI-driven high-end PCBs is surging, creating structural opportunities for copper-clad laminates, which are key materials in PCB production. This has led to price increases across the industry, with companies like 建滔积层板 raising prices multiple times this year due to cost pressures and demand benefits [1][1][1] Group 1: Company Performance - 建滔积层板's stock has risen nearly 5%, currently trading at HKD 11.86 with a transaction volume of HKD 102 million [1] - Other companies in the sector, such as 南亚新材 and 华正新材, report high capacity utilization rates and have also adjusted prices in October [1] Group 2: Industry Trends - AI copper-clad laminates are expected to drive a new growth cycle in the industry, with projections estimating the market size to reach USD 2.2 billion by 2025, representing a 100% year-on-year growth [1] - The market is anticipated to grow to USD 3.4 billion in 2026, a 60% increase, and could reach USD 5.8 billion by 2028, with a compound annual growth rate of 52% from 2024 to 2028 [1][1][1]

Core Viewpoint - The demand for AI-driven high-end PCBs is surging, leading to structural opportunities for copper-clad laminates, with prices rising due to cost pressures and demand benefits [1] Company Summary - Jintao Laminates (01888) has seen its stock price increase by nearly 5%, currently trading at HKD 11.86 with a transaction volume of HKD 102 million [1] - The company has raised product prices multiple times this year in response to market conditions [1] Industry Summary - The market for AI copper-clad laminates is projected to reach USD 2.2 billion by 2025, representing a 100% year-on-year growth [1] - By 2026, the market is expected to grow to USD 3.4 billion, a 60% increase, driven by ASIC volume and upgrades in NVIDIA's new products [1] - The AI copper-clad laminate market is forecasted to reach USD 5.8 billion by 2028, with a compound annual growth rate (CAGR) of 52% from 2024 to 2028 [1]

Core Viewpoint - The stock of Kinsus Interconnect Technology Corp (01888) has seen a price increase, attributed to rising prices in the copper and fiberglass sectors, as well as the introduction of price hikes by competitors in the industry [1] Price Movements - Kinsus Interconnect Technology Corp's stock rose over 6% during trading, currently up 2.2% at HKD 11.61, with a trading volume of HKD 188 million [1] Industry Price Trends - Nanya Technology recently announced an 8% price increase for its entire series of CCL and PP, effective from November 20, driven by rising copper prices, copper foil processing fees, and fiberglass cloth costs [1] - Other manufacturers, including Shengyi and Nanya New Materials, initiated price hikes in October, which have been successfully implemented by November [1] Market Growth Projections - According to Industrial Research, AI copper-clad laminates are expected to drive a new wave of growth in the industry, with the market size projected to reach USD 2.2 billion by 2025, reflecting a 100% year-on-year growth [1] - By 2026, the market for AI copper-clad laminates is anticipated to grow to USD 3.4 billion, a 60% increase, driven by the release of ASICs and upgrades to M9 copper-clad laminates from Nvidia's new products [1] - The market is expected to reach USD 5.8 billion by 2028, with a compound annual growth rate (CAGR) of 52% from 2024 to 2028 [1]

Core Viewpoint - The stock of Jiantao Laminates (01888) has seen a price increase, attributed to recent price hikes in CCL and PP by Taiwan's Nanya, effective from November 20, driven by rising costs of copper, copper foil processing fees, and fiberglass cloth [1] Group 1: Company Performance - Jiantao Laminates' stock rose over 6% during trading, currently up 2.2% at HKD 11.61, with a trading volume of HKD 188 million [1] Group 2: Industry Trends - Nanya has announced an 8% price increase for its entire range of CCL and PP, effective from November 20, following similar price hikes by other manufacturers like Shengyi and Nanya New Materials in October [1] - The AI copper-clad laminate (CCL) market is projected to be a key growth driver, with an estimated market size of USD 2.2 billion by 2025, reflecting a 100% year-on-year growth [1] - By 2026, the AI CCL market is expected to reach USD 3.4 billion, a 60% increase, driven by ASIC volume and upgrades to M9 CCL for new Nvidia products [1] - The AI CCL market is forecasted to grow to USD 5.8 billion by 2028, with a compound annual growth rate (CAGR) of 52% from 2024 to 2028 [1]

Core Viewpoint - The Hong Kong semiconductor industry chain is experiencing a significant upward trend, with various stocks showing notable gains, indicating a potential recovery in the market [1]. Group 1: Market Performance - The Hang Seng Technology Index rose nearly 1%, with notable increases in stocks such as Hua Hong Semiconductor (over 5% increase), SMIC and Jiantao Laminated Board (over 4% increase), and others like Hong Teng Precision, Meitu, and Xiaomi Group (over 3% increase) [1]. - The first Hong Kong ETF focusing on the semiconductor industry (159131) saw a price increase of 2.26%, confirming a rebound pattern, with real-time transaction volume exceeding 330 million yuan [1]. Group 2: Industry Insights - The semiconductor market is entering a new cycle driven by AI demand, with a recommendation to monitor inventory and pricing data closely [2]. - The China Semiconductor Industry Association predicts that the total sales of the chip design industry will reach 835.73 billion yuan by 2025, reflecting a 29.4% growth compared to 2024 [3]. - The domestic chip development is seen as a long-term trend, with current conditions viewed as the best time for growth in advanced process manufacturing and chip architecture upgrades [5]. Group 3: Valuation and Investment Opportunities - Many Chinese tech companies are valued at only one-third to half of their U.S. counterparts, despite offering competitive AI products, making the Hong Kong tech sector particularly attractive for investment [6]. - The Hong Kong Information Technology ETF (159131) is structured with a focus on hardware (70%) and software (30%), covering 42 hard-tech companies, with significant weights in SMIC (20.27%), Xiaomi Group (9.11%), and Hua Hong Semiconductor (5.64%) [8].