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12月31日 狀態: 新提交 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: 2026年1月2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 ...

Core Viewpoint - The company is maintaining an "overweight" rating due to significant price increases in copper and fiberglass cloth, which are expected to drive profitability in the copper-clad laminate and electronic cloth industries, supported by AI demand [1][2]. Group 1: Price Increases and Market Dynamics - The company has issued a price increase notice for copper-clad laminates, raising prices by 10% due to soaring copper prices and a shortage of fiberglass cloth [1]. - Historical trends indicate that during periods of rising copper and fiberglass prices, traditional copper-clad laminate prices also tend to rise, suggesting a favorable pricing cycle [1]. - The company has raised prices three times since August 2025, with two increases in December alone, indicating a robust pricing environment driven by AI demand across the entire supply chain [1]. Group 2: Strategic Positioning and Product Development - The company is positioned as an integrated leader in the industry, benefiting from price increases across all segments, including copper foil, electronic cloth, and copper-clad laminates [2]. - The strategic focus on high-end product development is expected to align with the price increase cycle, with new products like low-dielectric electronic yarn and quartz cloth set to launch between late 2025 and 2026 [2]. - The introduction of HVLP-3 copper foil is in the verification phase, further enhancing the company's product offerings and market position [2].

建滔积层板(01888)公布，独立非执行董事叶澍堃先生已辞任董事职务，亦将不再担任董事会薪酬委员 会主席，以及董事会审核委员会及董事会提名委员会成员。容海恩女士将获委任为独立非执行董事、薪 酬委员会主席以及审核委员会及提名委员会成员，自2025年12月31日起生效。 ...

Core Viewpoint - The company announced changes in its board of directors, including the resignation of an independent non-executive director and the appointment of a new independent non-executive director, effective December 31, 2025 [1] Group 1 - Independent non-executive director Ye Shukun has resigned from his position, effective December 31, 2025 [1] - Sir Rong Haiyan will be appointed as an independent non-executive director, effective December 31, 2025 [1]

智通财经APP讯，建滔积层板(01888)公布，独立非执行董事叶澍堃先生已辞任董事职务，亦将不再担任 董事会薪酬委员会主席，以及董事会审核委员会及董事会提名委员会成员。容海恩女士将获委任为独立 非执行董事、薪酬委员会主席以及审核委员会及提名委员会成员，自2025年12月31日起生效。 ...

KINGBOARD LAMINATES HOLDINGS LIMITED 建滔積層板控股有限公司 建滔積層板控股有限公司董事（「董 事」）會（「董事會」）成 員 載 列 如 下，自 二 零 二 五 年 十 二 月 三 十 一 日 起 生 效： 執行董事 張國華先生 （主 席） 張國強先生 （董 事 總 經 理） 張國平先生 林家寶先生 張家豪先生 張頌鳴女士 周培峰先生 非執行董事 董 事 會 設 有 三 個 委 員 會。下 表 提 供 各 董 事 會 成 員 在 該 等 委 員 會 中 所 擔 任 職 位 的 資 料。 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：1888） 董事名單及其角色和職能 羅家亮先生 獨立非執行董事 張魯夫先生 龔永德先生 何國鳴先生 容海恩女士 C 相關董事委員會主席 M 相關董事委員會成員 香 港，二 零 二 五 年 十 二 月 三 十 日 | | 董事委員會 | 審 核 | 薪 酬 | 提 名 | | --- | --- | --- | --- | --- | | 董 事 | | 委員會 | 委員會 | 委員會 | | 龔永德先生 | | C ...

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，且 表 明 不 會 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 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） 董事會各委員會組成變動 董 事 會 宣 佈： 本公告乃由建滔積層板控股有限公司（「本公司」，連 同 其 附 屬 公 司「本集團」）根 據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.51(2)條 作 出。 董事辭任 本公司董事會（「董事會」）宣佈獨立非執行董事葉澍堃先生（「葉先生」）已自二零 二 五 年 十 二 月 三 十 一 日 起 辭 任 董 事 職 務，以 便 彼 能 夠 投 入 更 多 時 間 於 其 他 事 務。葉 先 生 於 辭 任 後 不 再 擔 任 董 事 會 薪 酬 委 員 ...

Investment Rating - The investment rating for the company is "Buy" [6][10]. Core Insights - Recent significant increases in copper and fiberglass cloth prices have led the company to issue a price increase notice for its copper-clad laminates, with the frequency of price hikes during the peak season exceeding expectations, validating the positive outlook for the copper-clad laminate and electronic cloth industries driven by AI demand [2][10]. - The company is positioned as a rare integrated player in the industry, with a simultaneous push for product upgrades, which is expected to lead to a dual benefit of price increases and enhanced profitability [10]. Financial Summary - Total revenue projections are as follows: - 2024A: 18,541 million HKD - 2025E: 21,784 million HKD (+11%) - 2026E: 25,080 million HKD (+17%) - 2027E: 28,353 million HKD (+15%) [4]. - Net profit forecasts are: - 2024A: 1,326 million HKD - 2025E: 2,349 million HKD (+77%) - 2026E: 3,123 million HKD (+33%) - 2027E: 3,815 million HKD (+22%) [4]. - The company maintains a target price of 20 HKD [10]. Market Data - The current stock price is 13.18 HKD, with a market capitalization of 41,324 million HKD and a total share count of 3,135 million [7]. - The stock has traded within a range of 6.68 to 13.92 HKD over the past 52 weeks [7]. Industry Context - The company is benefiting from a favorable pricing cycle in the copper-clad laminate market, with multiple price increases already implemented in recent months due to rising costs of raw materials [10]. - The strategic focus on high-end product structures is expected to align with the price increase cycle, enhancing profitability as new products are gradually introduced [10].

（文章来源：每日经济新闻） 每经AI快讯，建滔积层板(01888.HK)涨超9%，截至发稿涨9.08%，报13.46港元，成交额6220.97万港 元。 ...

Core Viewpoint - 建滔积层板 (01888) has experienced a significant price increase of over 9% due to rising copper prices and tight supply of glass cloth, leading the company to raise material prices by 10% effective December 26 [1] Company Summary - 建滔积层板's stock price rose by 9.08%, reaching HKD 13.46, with a trading volume of HKD 62.21 million [1] - The company has implemented multiple price increases throughout the year, including a price hike of RMB 10 per board on August 15 and a 5% to 10% increase on December 1 due to surging costs of copper, glass cloth, and chemical raw materials [1] Industry Summary - According to Guojin Securities, the strong demand for AI and rising upstream material costs are likely to sustain price increases for copper-clad laminates [1] - The demand for AI-related products is driving both price and volume increases in PCB, with many AI-PCB companies experiencing robust orders and full production capacity [1] - The mainland's leading copper-clad laminate manufacturers are expected to benefit from the slow expansion of overseas production capacity [1]