建滔积层板：管理层会议要点：垂直整合的覆铜板供应商，产品结构向高端升级

19 December 2025 | 9:09AM HKT Equity Research China PCB: Kingboard (1888.HK): Mgmt. call takeaway: CCL supplier with vertical integration, mix upgrade towards high-end products We talked to Kingboard Laminates (1888.HK, Not Covered) management recently. Kingboard is the local CCL supplier that produces CCL and upstream raw materials. Management views Kingboard's vertically integrated solution as the company's key strength, which empowers its higher manufacturing efficiency and CCL products with competitive ...