被动元件继续涨价，行业整体稼动率提升

Industry Overview - A major passive components manufacturer will adjust prices for certain products starting January 1, 2026, with increases for resistors, inductors, and other components based on material cost changes [1] - Domestic passive component manufacturers have implemented two price increases in Q4, covering a wide range of products, with customers expanding their purchases [1] - The price increases are primarily driven by cost pass-through, but the demand from AI applications is significantly boosting the usage of passive components, leading to higher industry utilization rates [1] Company Insights - Fenghua Advanced Technology has announced price adjustments for inductor and varistor products, citing increased demand for computing power and energy consumption driven by AI technology [1] - Sunlord Electronics supplies various types of integrated power inductors and tantalum capacitors, with customers including leading domestic server manufacturers and overseas power semiconductor module firms [1]