Grace(SH:603256) Hua Xia Shi Bao·2026-01-30 13:05Core Viewpoint - The glass fiber industry is experiencing a significant recovery in performance, with several companies reporting substantial profit increases for 2025, driven by rising demand in related sectors, particularly influenced by AI growth [2][3]. Performance Growth - Honghe Technology expects a net profit of 192.7 million to 225.5 million yuan for 2025, representing a year-on-year increase of 745% to 889%. The company's non-recurring net profit is projected to rise by 3377% to 3969% [3]. - Filihua anticipates a net profit of 41.2 million to 47.2 million yuan for 2025, reflecting a growth of 31.12% to 50.22% year-on-year [3]. - China National Materials Technology forecasts a net profit of 155 million to 195 million yuan for 2025, an increase of 73.79% to 118.64% compared to the previous year [5]. Product Price Increases - The glass fiber industry is witnessing price increases due to optimized product structures and rising demand, particularly in wind power and electronic applications [5]. - International Composite, a leading company in the industry, expects to turn a profit in 2025, with a projected net profit of 26 million to 35 million yuan, driven by improved product pricing and sales growth [5]. Market Dynamics - The supply of electronic cloth is tight, with prices rising significantly due to increased demand and limited new capacity. The price of high-grade low thermal expansion coefficient glass fiber electronic cloth has surged by 250% to 300% since early 2024 [6]. - Factors contributing to the price increase include limited supply growth, rising demand from AI applications, and a shift in production focus towards specialized and thinner fabrics, which has created a supply-demand gap [7].