生益科技-覆铜板工厂调研：AI 产能扩张；2026 年上半年涨价趋势延续

31 December 2025 | 8:10PM HKT Equity Research China PCB: Shengyi (600183.SS) CCL factory visit: AI capacity in expansion; Price hikes to continue in 1H26E We visited Shengyi Technology's (600183.SS, Not Covered) copper clad laminate (CCL) factory in Dongguan and talked to management on Dec 30. Shengyi is a local CCL supplier, expanding from consumer electronics, automotive to data center markets. Management expects the CCL price hike to continue in 2026E, given the rising demand from PCB clients and short s ...