南亚新材：拟定增募资不超过9亿元扩产高阶覆铜板

Core Viewpoint - The company plans to issue up to 70.43 million shares to raise no more than 900 million yuan, with funds allocated for the development and industrialization of high-end, high-frequency, high-speed copper-clad laminates based on AI computing power and to supplement working capital [1][2]. Group 1: Company Plans and Financials - The net proceeds from the fundraising will be used for the development and industrialization of high-end, high-frequency, high-speed copper-clad laminates, with an investment of 740 million yuan planned for this project [2]. - The project, led by the wholly-owned subsidiary Nanya New Materials Technology (Jiangsu) Co., Ltd., aims to achieve an annual production capacity of 7.2 million high-end, high-frequency, high-speed copper-clad laminates and 16 million meters of bonding sheets after a 24-month construction period [2]. - The company reported a revenue of 3.66 billion yuan for the first three quarters, representing a year-on-year increase of 49.9%, and a net profit attributable to shareholders of 158 million yuan, up 180.8% year-on-year [3]. Group 2: Industry Context and Market Demand - The demand for high-performance copper-clad laminates is driven by the rapid advancement of technologies such as 5G communication, artificial intelligence, and cloud computing, which require high-speed, high-frequency, and high-density electronic systems [3]. - The AI computing demand is becoming a new growth engine for the copper-clad laminate industry, with the market size for AI copper-clad laminates projected to reach approximately 2.2 billion USD by 2025, a 100% year-on-year increase [2]. - The company aims to enhance its market share and profitability in high-end materials through this expansion, responding effectively to customer demands for product delivery cycles and quality stability [4].