Zhi Tong Cai Jing·2026-02-23 02:33Group 1 - The PCB industry is showing positive performance signals, with approximately 80% of the 20 PCB-related A-share companies reporting profit growth for 2025 [1] - Companies like Jin'an Guoji and Shenghong Technology are expected to see net profit increases exceeding 250% [1] - The demand for high-end PCB products is driven by the rapid deployment of AI data centers, leading to growth in upstream equipment and materials [1] Group 2 - Kintor Laminates has raised prices multiple times since August 2025, indicating a positive pricing cycle across the entire industry driven by AI demand [2] - Kintor Group anticipates a net profit increase of over 165% for the year ending December 31, 2025, primarily due to growth in investment and copper-clad laminate segments [2] - The demand for copper-clad laminates and upstream materials is strong, with significant price increases and sales growth compared to 2024 [2] Group 3 - Dazhu CNC specializes in PCB production equipment and is expected to benefit from increased capital expenditures in the PCB sector starting from Q4 2024 [3] - The company offers a wide range of production equipment covering multiple key processes in the PCB industry [3] - The demand for high-aspect-ratio drilling needles is highlighted as a critical area for growth [3]