国际复材20%涨停，山东玻纤、中材科技、中国巨石、九鼎新材涨停，长海股份涨超10%。 (本文来自第一财经) ...

Group 1 - International Composite Materials (301526) is a core supplier of electronic-grade glass fiber and products in China, focusing on high-performance glass fiber material research and production, with a full industry chain layout advantage in electronic cloth [1][21] - The company’s main business includes electronic-grade glass fiber yarn, electronic cloth, and composite material products, widely used in copper-clad laminates (CCL) and printed circuit board (PCB) manufacturing, featuring electrical insulation and fire resistance [1][21] - The company is focusing on high-end products such as low-dielectric electronic cloth, suitable for high-speed PCB scenarios like AI servers and data centers, with production capacity and technical strength among the industry leaders [1][21] Group 2 - Honghe Technology (603256) is a leading enterprise in the global mid-to-high-end electronic-grade glass cloth segment, breaking international monopolies in ultra-thin and extremely thin electronic cloth [2][22] - The company’s main business focuses on the research, production, and sales of electronic-grade glass fiber yarns and fabrics, with applications covering various electronic devices including mobile phones, computers, and AI servers [2][22] - As a core supplier to global top copper-clad board manufacturers, the company has a significant competitive advantage in high-end PCB manufacturing, especially in AI computing-related high-speed PCB fields [2][22] Group 3 - China National Materials (002080) is a comprehensive leader in the new materials sector, leveraging state-owned enterprise resources to maintain industry leadership in glass fiber and wind power blades [3][23] - The company’s main business includes glass fiber and products, wind power blades, and lithium battery separators, with glass fiber being a core segment [3][23] - The company’s subsidiary, Taishan Glass Fiber, developed the first generation of low-dielectric fine yarn and electronic cloth, which won a global leading ICT manufacturer’s "Technology Breakthrough Award" [3][23] Group 4 - China Jushi (600176) is the absolute leader in the global glass fiber industry, with production capacity and technical strength at the forefront globally [4][24] - The company has built a full industry chain advantage from glass fiber yarn to electronic cloth, with products widely used in construction, electronics, and automotive sectors [4][24] - The company’s electronic cloth production capacity ranks among the top globally, with significant cost advantages in self-developed low-dielectric glass fiber (TLD-glass) [4][24] Group 5 - Jinan Guojin (002636) is a key player in the copper-clad board industry, with a complete electronic materials industry chain layout [5][25] - The company focuses on the research and production of copper-clad boards and related materials, maintaining a stable market share in East China [5][25] - The company’s electronic-grade glass fiber cloth is a core raw material for copper-clad boards, enabling effective cost reduction through in-house production [5][25] Group 6 - Hongchang Electronics (603002) is an important enterprise in the domestic electronic-grade epoxy resin and copper-clad board sector, covering core upstream and downstream segments of electronic cloth [6][26] - The company has established long-term partnerships with major domestic PCB manufacturers, focusing on the production and sales of electronic-grade epoxy resin, copper-clad boards, and semi-cured sheets [6][26] - The company benefits indirectly from the development of the electronic cloth industry through its copper-clad board business [6][26] Group 7 - Filihua (300395) is a leading enterprise in the global quartz glass materials sector, being the only company in China to achieve mass production of high-end quartz electronic cloth (Q cloth) [7][27] - The company’s main business focuses on the research, production, and sales of quartz glass and products, with applications in high-end fields such as semiconductors and optical communications [7][27] - The company’s third-generation quartz cloth has a dielectric constant as low as 2.3, making it a core enhancement material for M9 copper-clad boards [7][27] Group 8 - Changhai Co., Ltd. (300196) is an important enterprise in the domestic glass fiber and composite materials industry, focusing on high-end electronic cloth business through its subsidiaries [8][28] - The company’s main business includes glass fiber yarn, glass fiber products, and composite materials, with a stable production capacity layout in East China [8][28] - The company’s subsidiary, Guangyuan New Materials, focuses on producing low-dielectric electronic cloth and electronic yarn, entering the high-end PCB materials market [8][28] Group 9 - Jiuding New Materials (002201) is one of the leading enterprises in the domestic electronic cloth industry, with deep accumulation in glass fiber and composite materials [9][30] - The company’s main business includes glass fiber products, composite materials, and wind power blades, with electronic cloth being a core segment [9][30] - The company is continuously advancing the research and development of special glass fibers and electronic cloth, with significant revenue growth expected in the second quarter of 2025 [9][30] Group 10 - Shandong Glass Fiber (605006) is an important enterprise in the domestic glass fiber industry, with electronic cloth being a key focus area [10][31] - The company leverages the glass fiber industry cluster advantage in Shandong, steadily expanding its production capacity [10][31] - The company is focusing on mid-to-high-end electronic cloth products, adapting to the upgrading needs of the PCB industry [10][31]

Group 1 - The A-share fiberglass sector experienced a significant surge, with multiple companies hitting the daily limit up, and the fiberglass index rising over 10% on February 11 [2] - China Jushi's market capitalization surpassed 100 billion yuan, reaching 102.7 billion yuan due to the stock price increase [2] Group 2 - Institutions are optimistic about the continuous price increase of electronic cloth, which is essential for manufacturing copper-clad laminates (CCL) and printed circuit boards (PCB) used in high-end fields like communication devices and automotive electronics [3][4] - The electronic cloth industry has undergone four rounds of price increases since 2025, with recent price hikes reflecting a tightening supply situation [3][4] Group 3 - Analysts predict that the price increase of electronic cloth will persist into 2026 due to strong demand for high-end products and supply constraints [4] - The anticipated supply gap in the electronic cloth market is expected to continue, with limited new production capacity and increasing demand from sectors like home appliances and electric vehicles [4] Group 4 - The global AI technology upgrade is driving demand for high-performance, multi-layer printed circuit boards, which in turn boosts the need for electronic cloth [5] - The global AI server market is projected to grow from $125.1 billion in 2024 to $158.7 billion in 2025, with electronic cloth playing a critical role in supporting high data transmission rates [5] Group 5 - The recent price increase of electronic cloth is attributed to the demand from high-performance computing scenarios, leading to significant improvements in the financial performance of leading electronic cloth manufacturers [6] - Companies like International Composites and Zhongcai Technology have reported substantial profit growth for 2025, driven by rising prices of fiberglass products [6] Group 6 - China Jushi is expected to achieve high growth in 2025, with a reported revenue of 3.323 billion yuan in the first three quarters of the previous year, reflecting a year-on-year increase of 77.27% [6] - The company is actively developing low dielectric and low thermal expansion products, indicating ongoing innovation in its product line [7]

Core Viewpoint - The electronic cloth industry is experiencing significant price increases driven by high demand for advanced products and supply constraints, leading to substantial growth in the market and company valuations [5][6][7]. Group 1: Market Performance - On February 11, the Wind fiberglass index surged over 10%, with several companies, including China Jushi, International Composites, and others, hitting their daily price limits [3]. - China Jushi's market capitalization exceeded 100 billion yuan, reaching 1,027 million yuan [3]. Group 2: Price Trends and Demand - The electronic cloth sector has undergone four rounds of price increases since 2025, with recent hikes attributed to rising copper prices and strong demand for high-end products [5][6]. - Institutions predict that the price increases for electronic cloth will continue into 2026 due to ongoing supply-demand imbalances and limited new production capacity [6][7]. Group 3: AI and High-Performance Applications - The demand for electronic cloth is being driven by the expansion of AI technologies, particularly in high-performance servers, which require advanced printed circuit boards (PCBs) [7]. - Electronic cloth is critical in high-performance applications, contributing 20% to 30% of PCB costs and enhancing data transmission speeds [7]. Group 4: Company Performance and Projections - Companies like International Composites and Honghe Technology have forecasted significant profit increases for 2025, citing rising prices for fiberglass products driven by AI demand [8]. - China Jushi reported a revenue increase of 77.27% year-on-year for the first three quarters, indicating strong growth potential for 2025 [9].

Core Viewpoint - The surge in AI demand is driving a reevaluation across various sectors, particularly in the fiberglass manufacturing industry, which has seen significant stock price increases due to rising prices and soaring demand [1][4]. Group 1: Fiberglass Manufacturing Sector - The fiberglass manufacturing sector experienced a collective surge in stock prices, with notable increases such as Changhai Co. rising over 13% and other stocks hitting their daily limit [1][3]. - Major fiberglass companies, including Guangyuan New Materials and International Composite Materials, have announced substantial price hikes for electronic fabrics, indicating a tightening supply situation that is spreading from high-end products to more common ones [2][4]. - The demand for AI chips has led to a capacity crunch for CTE fabrics, with major manufacturers like NVIDIA and AMD consuming high-end fiberglass fabrics, thereby squeezing the capacity available for consumer electronics [2][4]. Group 2: Price Increases and Market Dynamics - The entire fiberglass manufacturing sector is witnessing unprecedented price increases, with traditional electronic fabric inventories at critically low levels, as evidenced by China National Glass's inventory being less than 15 days [4]. - The demand for specialized electronic fabrics, such as Low-Dk and Low CTE fiberglass, is surging due to the requirements of AI hardware and terminal devices, leading to a supply-demand imbalance [4]. - The global supply shortage is expected to sustain price elasticity, particularly for Low CTE electronic fabrics, which are currently undergoing continuous price increases [4]. Group 3: Broader Implications for Passive Components - The demand for passive components like MLCCs (Multi-layer Ceramic Capacitors) is also experiencing a significant uptick due to the dual drivers of AI computational needs and the proliferation of electric vehicles [5][6]. - Recent reports indicate that MLCC prices in the Korean market have surged nearly 20%, reflecting a shift from traditional cyclical fluctuations to structural growth driven by technological advancements [6]. - The demand for MLCCs in AI servers is projected to increase by 30% annually, with the market size expected to triple by 2030, highlighting the transformative impact of AI on component requirements [6].

证券代码：002201 证券简称：九鼎新材 公告编号：2026-7 江苏九鼎新材料股份有限公司 关于担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 2、《银行承兑协议》[编号：0111100017-2026（承兑协议）00048 号]； 3、《保证合同》[合同编号：0111100017-2026 年如皋（保）字 0044 号]； 近日，公司全资子公司九鼎材料与中国工商银行股份有限公司如皋支行（以下简称"工 商银行如皋支行"）签订了《流动资金借款合同》[编号：0111100017-2026 年（如皋）字 00380 号]（以下简称"主合同 1"），约定借款金额为人民币 500 万元，借款期限为 12 个 月。同日，公司与工商银行如皋支行签订了《保证合同》[合同编号：0111100017-2026 年 如皋（保）字 0044 号]，约定公司为工商银行如皋支行与九鼎材料签订的主合同 1 项下的 主债权提供连带责任保证担保，保证期间为自主合同 1 项下的借款期限届满之次日起三年。 公司全资子公司九鼎材料与工商银行如皋支行签订了《银行承兑协议》[编号： ...

九鼎新材公告，近日，甘肃九鼎 新能源发展有限公司已完成工商变更登记手续，并取得肃州区市场监 督管理局换发的《营业执照》。公司全资子公司甘肃九鼎 风电复合材料有限公司持有九鼎新能源100% 股权，九鼎新能源纳入公司的合并报表范围。 ...

本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、基本情况概述 江苏九鼎新材料股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开的第十一 届董事会第八次临时会议以 5 票同意（关联董事顾清波、顾柔坚、缪振、冯永赵回避表决）、 0 票反对、0 票弃权审议通过了《关于公司全资子公司拟收购甘肃九鼎新能源发展有限公司 100%股权暨关联交易的议案》。具体内容详见公司于 2026 年 1 月 27 日在《证券时报》《上 海证券报》及巨潮资讯网（http://www.cninfo.com.cn）上披露的《公司第十一届董事会 第八次临时会议决议公告》（公告编号：2026-2）、《关于全资子公司收购甘肃九鼎新能源发 展有限公司 100%股权暨关联交易的公告》（公告编号：2026-3）。 二、股权收购事项的进展情况 证券代码：002201 证券简称：九鼎新材 公告编号：2026-6 江苏九鼎新材料股份有限公司 近日，甘肃九鼎新能源发展有限公司（以下简称"九鼎新能源"）已完成工商变更登记 手续，并取得肃州区市场监督管理局换发的《营业执照》，具体信息如下： 公 ...

Group 1 - The commercial aerospace sector is experiencing a strong upward trend, with several companies showing significant gains [2] - Top performers include Dinggu Jichuang and Hangxiao Steel Structure, both reaching the daily limit increase [2] - Other companies such as Leike Defense, Hangyu Micro, Jiuding New Materials, Aerospace Hongtu, and Xinle Energy are also seeing positive movements in their stock prices [2]

Market Performance - The glass and fiberglass sector increased by 4.03% on February 3, with Jinjing Technology leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Stock Performance - Jinjing Technology (600586) closed at 6.40, up 9.97%, with a trading volume of 1.0483 million shares and a transaction value of 650 million [1] - International Composites (301526) closed at 9.49, up 9.71%, with a trading volume of 2.4664 million shares and a transaction value of 2.303 billion [1] - Reascend Technology (603601) closed at 12.82, up 8.55%, with a trading volume of 2.5382 million shares and a transaction value of 3.205 billion [1] - Other notable stocks include Qibin Group (601636) at 7.11 (+6.60%), Jiuding New Materials (002201) at 14.18 (+5.51%), and Yaopi Glass (600819) at 8.62 (+5.12%) [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 640 million from main funds, while retail funds experienced a net outflow of 262 million [2] - The main funds' net inflow for Reascend Technology was 366 million, while Jinjing Technology had a net inflow of 169 million [3] - International Composites and Jiuding New Materials also saw net inflows of 69.83 million and 64.88 million, respectively [3]