智通财经网·2026-02-12 09:12Core Viewpoint - The global supply of specialty fiberglass cloth is currently limited due to high production technology barriers, leading to a supply-demand imbalance and rising prices. This situation is expected to persist, especially with the continued high demand for AI computing power, which will further support the tight supply of high-end specialty fiberglass cloth and impact traditional electronic cloth production capacity [1][2][3]. Group 1: Market Dynamics - The demand for specialty fiberglass cloth is rapidly increasing due to the explosive growth in AI computing power, which drives the need for high-performance materials in electronic products such as AI servers and 5G base stations [2]. - The production capacity for fiberglass is expected to increase by 2025; however, the release of this capacity will face delays, maintaining the supply shortage of specialty fiberglass cloth [2][3]. - Traditional electronic cloth supply is also tightening as manufacturers shift production towards specialty fiberglass cloth, leading to price increases for traditional electronic cloth [3]. Group 2: Financial Performance - Several fiberglass companies, including China National Materials and Honghe Technology, are projected to see significant profit growth in 2025, with expected net profit increases of 173.76%-251.97% and 745%-889%, respectively, driven by rising demand and prices for electronic cloth [4]. - The overall profitability of the fiberglass industry is anticipated to continue recovering, with expectations of further price increases for electronic cloth due to sustained high demand for AI computing [4]. Group 3: Investment Opportunities - Two investment directions are suggested: 1) Focus on companies with specialty fiberglass production capabilities, such as China National Materials and Honghe Technology, which are likely to benefit from the ongoing high demand and price growth [5]. 2) Consider companies like China Jushi that have advantages in traditional electronic cloth production capacity and cost, as they are expected to benefit from the tightening supply and rising prices [5].