In CITIC Securities' most recent research report, a thorough analysis is conducted by comparing the previous two cycles of copper clad laminates with the present market landscape. This involves a multi - faceted evaluation encompassing upstream raw material costs, downstream demand expansion, industry supply - demand interactions, the potential for gross margin enhancement, and stock price trends. The findings indicate that the current prices of copper clad laminates are on a steady upward trajectory. Moreover, there is an anticipated improvement space of more than 10 percentage points in the gross margin.

The report specifically highlights that the booming demand for high - frequency and high - speed copper clad laminates in emerging sectors, such as AI servers and automotive electronics, along with the escalating costs of raw materials like copper, are jointly propelling the industry into a fresh cycle of price hikes. In light of this situation, leading companies that possess technological edge and have made strategic deployments in high - end production capacity are poised to fully capitalize on these trends. There is significant anticipation surrounding their earnings growth and the potential for stock price appreciation.