南财智讯1月5日电，南亚新材公告，本次减持计划涉及7名股东，包括公司部分实际控制人及董事。其 中，包秀春拟减持不超过64.9万股，占公司总股本比例不超过0.28%；郑广乐拟减持不超过38.7万股， 占公司总股本比例不超过0.16%；黄剑克拟减持不超过31.2万股，占公司总股本比例不超过0.13%；包秀 良拟减持不超过10.8万股，占公司总股本比例不超过0.05%；包爱兰拟减持不超过8.7万股，占公司总股 本比例不超过0.04%；高海拟减持不超过32.6109万股，占公司总股本比例不超过0.14%；郑晓远拟减持 不超过56.5万股，占公司总股本比例不超过0.24%。上述股东拟通过集中竞价方式减持，减持原因为个 人资金需求，减持期间为2026年1月28日至2026年4月27日。减持股份来源均为首次公开发行前取得的股 份。本次减持计划不会导致公司控制权发生变更，且符合相关法律法规规定。 ...

Investment Rating - The report maintains an "Overweight" rating for the copper-clad laminate industry, indicating an expectation that the industry index will outperform the market index by more than 10% over the next six months [96]. Core Insights - The copper-clad laminate market is expected to recover in 2024, with global sales projected to reach $15.013 billion, representing a year-on-year growth of 17.90%. This recovery is attributed to the resurgence in consumer electronics demand and increased requirements for high-end copper-clad laminates driven by AI computing power [6][27]. - A new wave of price increases is anticipated in the copper-clad laminate sector, driven by rising raw material costs, high demand from downstream PCB manufacturers, and the concentrated market share of laminate manufacturers, which grants them significant pricing power [6][47]. - AI is driving the high-end product development in the copper-clad laminate market, with expectations for increased value as new platforms from companies like NVIDIA adopt advanced materials [65][71]. Summary by Sections 1. Market Recovery and Applications - Copper-clad laminates are widely used in various sectors, including consumer electronics, computers, communications, and automotive electronics. The market is set to recover in 2024, reversing a two-year decline [14][27]. 2. Price Increase Trends - Historical data shows that the copper-clad laminate industry has experienced two major price increase cycles in the past decade, primarily driven by rising raw material costs and strong end-user demand. Current trends indicate that manufacturers are already implementing price hikes due to increased costs of copper and other materials [38][44][55]. 3. AI-Driven High-End Product Development - The demand for high-performance copper-clad laminates is increasing due to AI computing requirements. The introduction of new materials, such as M8.5+ and M9, is expected to significantly enhance product value and performance [65][71]. 4. Investment Recommendations - The report suggests focusing on two main investment lines: companies benefiting from the price increases of conventional copper-clad laminates and those with high-end laminate or electronic copper foil product reserves. Key companies identified include Shengyi Technology, Nanya New Material, Huazheng New Material, Jin'an Guoji, Defu Technology, and Tongguan Copper Foil [93].

Group 1 - The core viewpoint of the news highlights that Nanya New Materials has seen significant financing activity, with a net financing inflow of 51.38 million yuan last week, ranking 171st in the market [1] - Nanya New Materials had a total financing purchase amount of 275 million yuan and repayment amount of 224 million yuan last week [1] - The company is involved in various sectors including electronic components, Shanghai market, and concepts related to Huawei, augmented reality, and virtual reality [1] Group 2 - Over the past 5 days, the main capital inflow into Nanya New Materials was 38.61 million yuan, with a price increase of 1.3% during this period [1] - In the last 10 days, the main capital inflow was 53.64 million yuan, with a price increase of 1.33% [1] - Nanya New Materials was established in 2000 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 2.35 billion yuan [1]

Market Overview - The main board saw significant gains with stocks like Suzhou Kedah (+10.05%), Dianke Network Security (+10.01%), and Tongyu Communication (+10.01%) leading the charge [1] - The ChiNext board also performed well, with stocks such as Baina Qiancheng (+20.08%) and Jiayuan Technology (+20.00%) showing strong increases [1] - The Sci-Tech Innovation board was led by Youkede-W (+19.99%) and Nanya New Materials (+13.59%) [1] - Active sub-industries included SW Military Electronics III (+1.56%) and SW Other Communication Equipment (+1.38%) [1] Domestic News - CINNO announced the equipment relocation ceremony for its new optical functional film project, with a total investment of approximately 5 billion yuan, planning to build five internationally leading intelligent display material production lines [1] - Weijie Chuangxin launched a Wi-Fi 7 & Bluetooth dual-connection front-end module (FEM) suitable for lightweight portable devices [1] - Unisoc plans to establish Unisoc Technology with several partners, focusing on independent operations for automotive domain control chips, enhancing collaboration with major clients [1] - Jingsheng Electromechanical successfully delivered a 12-inch single-wafer silicon carbide epitaxial growth equipment, featuring advanced temperature control and automated functions [1] Company Announcements - Chip Origin announced a voluntary disclosure regarding new orders, reporting a new order amount of 2.494 billion yuan for Q4 2025, a year-on-year increase of 129.94%, with over 84% related to AI computing power [2] - Aiko Optoelectronics received a government subsidy of 1.74 million yuan [2] - Yaxin Security reported a government subsidy of approximately 3.461 million yuan for operational support [2] - Online and Offline announced government subsidies for its subsidiaries, with Wuxi Lingheng receiving 2.603 million yuan and 17 million yuan, and Jiangsu Yifei receiving 32,400 yuan and 3 million yuan [2] International News - Global semiconductor market insights indicate that demand for mainstream terminal applications in 2026 may be conservative due to international conditions, despite expected restocking in automotive and industrial control sectors by the end of 2025 [2] - SEAJ reported that Japan's semiconductor equipment sales reached 420.67 billion yen in November 2025, marking a 3.7% year-on-year increase and setting a historical record for the month [2] - MouseComputer announced a price increase due to rising memory costs and has temporarily suspended online sales [2] - Apple received a significant patent for a head-mounted display device that can dynamically adjust optical lens properties based on user environment and behavior [2]

Group 1 - The core viewpoint of the article highlights the significant rise in copper prices, which has led to a 10% price increase in materials by major copper-clad laminate (CCL) manufacturers, such as Kingboard Laminates, marking the second price hike in December [1][3] - The copper-clad laminate index in the A-share market has shown strong performance, increasing over 18% in the last 25 trading days, with specific companies like Shengyi Technology and Nan Ya Plastics seeing stock price increases of 5.4% and 13.59% respectively on December 26 [1][3] - The impact of rising copper prices on the printed circuit board (PCB) industry is noted, with companies like Dongshan Precision indicating that they have implemented commodity hedging to manage the effects of raw material price increases [3][4] Group 2 - The PCB industry is expected to undergo structural upgrades driven by the rapid penetration of AI technology, with projections indicating that global PCB output will reach $94.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [5] - China currently dominates the global PCB market, accounting for over 50% of the total output value, with expectations for domestic PCB output to reach $41.213 billion in 2024, reflecting a year-on-year growth of 9.0% [5] - The uncertainty in the price trends of copper-clad laminates is acknowledged, as they are significantly influenced by fluctuations in copper prices, which could impact the overall profitability of companies in the sector [4]

Group 1: Copper Price Surge and Impact on CCL Manufacturers - On December 26, copper futures prices surged, breaking through the 99,000 yuan/ton mark, reaching a historical high [1] - Jiantech (01888.HK), one of the largest CCL manufacturers, announced a 10% price increase for all materials due to soaring copper prices and tight supply of glass cloth, marking the second price hike in December [1] - The stock price of Jiantech rose over 7% in the last three trading days, indicating positive market sentiment [1] Group 2: Market Reactions and Price Adjustments - The CCL index in the A-share market has shown strong performance, increasing over 18% in the last 25 trading days [1] - On December 26, CCL manufacturers Shengyi Technology (600183.SH) and Nanya New Materials (688519.SH) saw stock price increases of 5.4% and 13.59%, respectively [1] - Jiantech's sales department confirmed that new orders will be settled at the increased prices, while existing orders will maintain the original pricing, with future adjustments based on copper price fluctuations [3] Group 3: PCB Industry and Material Cost Management - PCB leaders like Dongshan Precision (002384) and Pengding Holdings (002938) reported that they have implemented commodity hedging to manage the impact of rising raw material prices [4] - Pengding Holdings noted that their raw material prices remain stable and have not yet felt the effects of rising copper prices, attributing this to their focus on high-end imported CCL materials [4] - The PCB industry is expected to undergo structural upgrades driven by the rapid penetration of AI technology, with projections indicating a global PCB market value of $94.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [5]

Group 1 - The storage chip sector experienced significant movement, with Demingli hitting the daily limit up, indicating strong investor interest [1] - Hengshuo shares rose over 10%, reflecting positive market sentiment towards companies in the storage chip industry [1] - Other companies such as Xice Testing, Nanya New Materials, Jiangbolong, Fudan Microelectronics, and Shannon Chip Innovation also saw gains, suggesting a broader rally in the sector [1]

Group 1: Regulatory Actions - Apple has been fined approximately €98.63 million (around 813 million RMB) by the Italian antitrust authority for abusing its market dominance through its App Tracking Transparency policy, which restricts competition among third-party developers since April 2021 [2] Group 2: Autonomous Driving Developments - Baidu's autonomous driving service platform,萝卜快跑, plans to launch driverless testing and services in London by 2026, marking its first entry into a right-hand traffic market outside of Hong Kong [3] Group 3: AI and Robotics Innovations - Alibaba has open-sourced a new image generation model, Qwen-Image-Layered, which allows for advanced layer understanding and image generation, addressing consistency issues in AI-generated images [4] - 智元机器人 expects to achieve sales revenue exceeding 1 billion RMB this year, with plans for significant growth in robot shipments and revenue in the coming years [5] - 智元机器人 has launched a national robot rental platform, "擎天租," aiming to streamline the rental process and project the market size to exceed 10 billion RMB this year [5] Group 4: Corporate Transactions and Investments - 吉利汽车 has completed the privatization of 极氪, which is now a wholly-owned subsidiary, and its financial performance will be consolidated into 吉利汽车's financial statements [7] - 凌云光's subsidiary plans to invest up to $5 million in the IPO of 智谱, reinforcing their long-term partnership in AI and industrial data [8] - 通宇通讯 is increasing its registered capital by 10 million RMB through a cash investment from 武汉武创院投资有限公司 to enhance its capital strength [6] Group 5: Market Trends and Product Launches - 长飞光纤 reports that the demand for fiber optic cables related to the telecom market remains under pressure, despite increased attention on new products related to data centers [10] - 云知声 has launched a new medical AI model, "山海·知医大模型5.0," which aims to transition from an "intelligent tool" to a "clinical collaborator" [11] - 华为 has released the nova15 series smartphones, starting at 2,699 RMB, featuring the new 麒麟9010s chip and HarmonyOS 6 [23]

Group 1 - The storage chip sector experienced significant fluctuations, with companies like Shengyi Technology and Kuaike Intelligent reaching new highs during intraday trading [2] - Yintan Zhikong saw an increase of over 15%, indicating strong market interest and performance [2] - Other companies such as Beijing Junzheng, Xiangnong Chip Creation, Xice Testing, Nanya New Materials, Maiwei Co., Jiangbolong, and Baiao Chemical also showed upward trends [2]

Core Viewpoint - Nanya New Materials (688519.SH) plans to increase production capacity for high-end, high-frequency, and high-speed copper-clad laminates, aiming to capitalize on the AI computing infrastructure upgrade opportunities and strengthen its competitiveness in the high-end electronic materials sector [1][2]. Group 1: Fundraising and Project Details - The company intends to raise up to 900 million yuan through a private placement of shares, with 740 million yuan allocated for the R&D and industrialization of high-end copper-clad laminates [2]. - The industrialization project is expected to achieve an annual production capacity of 7.2 million high-end copper-clad laminates and 16 million meters of bonding sheets, addressing the urgent demand for low-loss, low-dielectric, and high-stability electronic substrates in AI servers and other high-end applications [2]. - The remaining 160 million yuan will be used to supplement working capital [2]. Group 2: Market Growth and Company Performance - The global server and data storage market is projected to grow by 45.5% in 2024, with an expected annual compound growth rate of 13.6% from 2024 to 2029, driving a surge in demand for high-end copper-clad laminates [2]. - Nanya New Materials has shown a recovery in performance since 2024, with a reported revenue of 3.362 billion yuan, a year-on-year increase of 12.7%, and a net profit of 50.32 million yuan, marking a return to profitability [3]. - In the first three quarters of 2025, the company achieved a revenue of 3.663 billion yuan, a significant year-on-year growth of 49.87%, and a net profit of 158 million yuan, reflecting a substantial increase of 180.79% [3][4]. Group 3: Profitability and Market Position - The company's net profit has increased for seven consecutive quarters, with the third quarter of 2025 achieving a net profit of 70.91 million yuan, representing a year-on-year growth rate of 6900.38% [4]. - The copper-clad laminate business accounts for 77.25% of the company's revenue, with high-end products rapidly gaining traction in the domestic market [4]. - The explosive demand for computing power and continuous optimization of product structure are key drivers of the company's revenue growth [4].