Core Viewpoint - The stock price of Jiantao Laminates (01888) has increased by over 4%, currently at HKD 12.37, with a trading volume of HKD 180 million, driven by price hikes in copper-clad laminate products due to rising copper prices and tight supply of glass fabric [1] Price Adjustments - Following an 8% price increase by Taiwan's Nanya Plastics for all copper-clad laminate products in November, Jiantao Laminates has announced a new round of price increases this week [1] - CEM-1/22F/V0/HB products have seen a price increase of 5%, while FR-4 and PP products have increased by 10% [1] Market Conditions - Raw material prices remain high, and downstream PCB manufacturers are operating at high capacity, indicating that the trend of price adjustments for copper-clad laminate products is likely to continue [1] - The growth potential is significant as new platform products in the GPU and ASIC sectors are expected to adopt M8.5+ materials next year, which could substantially enhance the value of copper-clad laminate products [1] Industry Events - The 2025 International Electronic Circuit (HKPCA Show) is set to begin on December 3 at the Shenzhen International Convention and Exhibition Center, where Jiantao Laminates will showcase its high-end solutions [1] - The company’s offerings are aligned with the demands of high-end applications such as AI and automotive electronics, featuring core products that have clear technical support and market validation [1]

Core Viewpoint - The stock price of Jiantao Laminates (01888) has increased by over 4%, currently at HKD 12.37, driven by price hikes in copper-clad laminate products due to rising copper prices and tight supply of glass fabric [1] Price Adjustments - Jiantao Laminates has announced a new round of price increases for its products, with CEM-1/22F/V0/HB products rising by 5% and FR-4, PP products increasing by 10% [1] - The price adjustments are influenced by high raw material costs and strong operational rates among downstream PCB manufacturers, indicating a potential continuation of the price increase trend [1] Growth Potential - The value of copper-clad laminate products is expected to significantly increase next year as new platform products in the GPU and ASIC sectors begin to adopt M8.5+ materials [1] - Companies that benefit from the price increase of copper-clad laminates and possess high-end product reserves are recommended for attention [1] Industry Events - Jiantao Laminates is showcasing its high-end solutions at the 2025 International Electronic Circuit (HKPCA Show) in Shenzhen, aligning with the demands of AI and automotive electronics [1] - The core product matrix presented at the exhibition is supported by clear technological backing and market validation [1]

Core Viewpoint - The company, Jiantao Laminates (01888), has announced a price increase for its copper-clad laminate products due to rising raw material costs, with increases ranging from 5% to 10% across various product lines [1] Company Summary - Jiantao Laminates' stock rose over 3% in early trading, currently up 1.42% at HKD 12.13, with a trading volume of HKD 87.6191 million [1] - The price adjustments affect all thicknesses of the company's copper-clad laminate products, with specific increases as follows: CEM-1/22F/V0/HB series by 5%, FR-4 series by 10%, and PP (prepreg) series by 10% [1] Industry Summary - According to Guoxin Securities, the transition from GPU servers to orthogonal and wireless cable architectures is making PCB (Printed Circuit Board) materials more critical in AI hardware, as they serve as the main interconnection and power supply medium [1] - The current AI cycle is characterized by a long-term property of "technology iteration driving continuous penetration," differing from the "peak-recession" nature of the 5G cycle, suggesting that AI will be the dominant growth driver in the PCB industry over the next 3 to 5 years [1]

Core Viewpoint - The company, Jiantao Laminates (01888), has announced a price increase for its copper-clad laminate products due to rising raw material costs, with increases ranging from 5% to 10% across various product lines [1] Group 1: Price Increase Announcement - Jiantao has issued a price increase notification effective immediately, impacting all thicknesses of its copper-clad laminate products [1] - Specific price adjustments include a 5% increase for the CEM-1/22F/V0/HB series and a 10% increase for both the FR-4 series and PP (prepreg) series [1] - The company has already implemented multiple price hikes throughout the year, driven by cost pressures and demand benefits [1] Group 2: Industry Insights - According to Guoxin Securities, the evolution of computing architecture from GPU servers to orthogonal and wireless cable systems has made PCB (Printed Circuit Board) materials more critical in AI hardware [1] - The current AI cycle is characterized by a long-term property of "technology iteration driving continuous penetration," differing from the "peak-recession" pattern seen in the 5G cycle [1] - AI is expected to be the dominant growth driver for the PCB industry over the next 3 to 5 years [1]

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 - 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]