As the disclosure of semi-annual performance forecasts draws to a close, it is evident that the profitability of A-share listed companies within the PCB industry chain has experienced a notable enhancement, with the industry's overall profitability on a steady ascent. The burgeoning demand for AI computing power has emerged as the primary catalyst propelling the performance growth of these listed companies, with escalating product prices directly fueling their financial success. Notably, the profit elasticity of upstream copper clad laminate (CCL) enterprises significantly outpaces that of their midstream PCB manufacturing counterparts.
Looking ahead to the latter half of the year, industry experts generally concur that with the relentless progress in AI computing power infrastructure development, the tight supply situation for upstream copper clad laminates and electronic fabrics is unlikely to see any short-term relief. Consequently, the entire PCB industry chain is poised to sustain a trajectory of growth in both volume and price.