Downstream demand is strong, and the supply of carrier plate industry is tight or will continue until 2026.
PCB plate showed a strong performance today, with the index up 4.54%, ranking first among all concept plates of a shares. Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Suzhou Anjie Technology Co.Ltd(002635) harvest the daily limit, and Shennan Circuits Co.Ltd(002916) , Suntak Technology Co.Ltd(002815) , Olympic Circuit Technology Co.Ltd(603920) and other stocks led the gains.
downstream demand is strong, and the carrier plate is tight or will last until 2026
On December 21, the chairman of Xinxing electronics, a leader in PCB industry, said at the international circuit board exhibition that it is estimated that the carrier board will be as prosperous as semiconductor in the next 2-3 years, in which the supply of BT carrier board will be balanced in 2024, and the supply of ABF high-end carrier board will be tight until 2026.
IC carrier board is an important material for connecting chip and PCB board. It accounts for 40-50% of the material cost in medium and low-end packaging and 70-80% in high-end packaging. It is the consumable with the largest value in the packaging link. It is mainly divided into ABF carrier board and BT carrier board. The supply and demand gap between BT carrier and ABF carrier may thicken the performance of A-share companies mainly engaged in IC carrier.
At present, the source of ABF carrier materials is relatively monopolized, and the investment barrier in the early stage is very high. The downstream is mainly high-performance computing (HPC) chips such as CPU, GPU, FPGA and ASIC. Since November, the demand for high-end PCBs used in servers and data centers has increased greatly, especially the shortage of ABF carriers has become more serious, the price of ABF carriers has increased by 30% - 50%. at present, Samsung electric and Dade electronics have increased investment in high-end PCB, with a total scale of more than several trillion won.
The Chinese mainland's IC board industry started late, and is in a stage of catching up. The main suppliers are Shenzhen Fastprint Circuit Tech Co.Ltd(002436) , Shennan Circuits Co.Ltd(002916) and Zhuhai Vietnam. China Merchants Securities Co.Ltd(600999) believes that the Chinese mainland's IC market share is below 5%, and most of them are concentrated in the low end market such as MEMS. In the future, the market will be high end.
9 shares of northbound funds
Securities Times · data treasure statistics more than 30 PCB concept stocks. These concept stocks have risen by an average of 6.82% this year, outperforming the market (4.31%). Stocks such as Circuit Fabology Microelectronics Equipment Co.Ltd(688630) , Nanya New Material Technology Co.Ltd(688519) , Goldenmax International Technology Ltd(002636) , Shenzhen Fastprint Circuit Tech Co.Ltd(002436) were among the top gainers.
In terms of capital, since last Monday, Shengyi Technology Co.Ltd(600183) , Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) , Shennan Circuits Co.Ltd(002916) , Olympic Circuit Technology Co.Ltd(603920) and other 9 shares have been increased to the north. Since this week, Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) and Wus Printed Circuit (Kunshan) Co.Ltd(002463) have gained more than 200 million yuan of main funds, of which Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) the net inflow of main funds since this week has reached 278 million yuan, and the company's share price has increased by 4.89% in the three trading days since this week.
From the perspective of performance growth, the agency predicts that the performance of Goldenmax International Technology Ltd(002636) and Nanya New Material Technology Co.Ltd(688519) is expected to double this year. The organization predicts that the performance of Goldenmax International Technology Ltd(002636) this year is expected to increase by 739.48% year-on-year. The company's main product is copper clad laminate. The annual performance growth of Guangdong Champion Asia Electronics Co.Ltd(603386) , Zhejiang Wazam New Materials Co.Ltd(603186) , Shengyi Technology Co.Ltd(600183) , Circuit Fabology Microelectronics Equipment Co.Ltd(688630) , Sihui Fuji Electronics Technology Co.Ltd(300852) , Victory Giant Technology (Huizhou)Co.Ltd(300476) is expected to exceed 60%. Among the performance growth stocks predicted by the institution, the latest share prices of Shenzhen Xunjiexing Technology Corp.Ltd(688655) , Aoshikang Technology Co.Ltd(002913) , Goldenmax International Technology Ltd(002636) have retreated by more than 30% compared with the highs of the year.
(data treasure)
