HK Stock Market Move | PCB concept stocks lead the way in terms of price increases, Jian Tao raised prices for some products again. The first quarter performance of PCB companies in the industry chain has exploded.

Concept stock of PCB leads the gains, as of press time, Victory Giant Technology(02476) is up 7.87% at 323.6 Hong Kong dollars; KB LAMINATES(01888) is up 6.63% at 37.98 Hong Kong dollars; KINGBOARD HLDG(00148) is up 4.36% at 47.82 Hong Kong dollars; DELTON(01989) is up 2.58% at 178.8 Hong Kong dollars; Shenzhen Hans CNC Technology(03200) is up 0.73% at 138.7 Hong Kong dollars. On the news front, on April 28, KB LAMINATES announced a price increase notice, due to the sharp rise in the cost of copper clad laminate, the company is immediately raising the prices of FR-4 copper clad laminate and PP semi-cured sheet by 10%. It is worth noting that the company has also announced price increases on March 10 and April 3 this year. Citigroup has previously stated that it is expected that with the coming peak season, KB LAMINATES will more frequently raise average selling prices. It is worth noting that several companies in the PCB industry chain have reported impressive results for the first quarter. AI PCB leader Victory Giant Technology recorded a first-quarter operating income of 5.519 billion yuan, a year-on-year increase of 27.99%; net profit attributable to the parent company reached 1.288 billion yuan, a year-on-year increase of 39.95%; PCB special equipment supplier Shenzhen Hans CNC Technology saw a year-on-year growth in revenue of 103.69% in the first quarter, and a year-on-year growth in net profit attributable to the parent company of 176.53%. The revenue doubling growth is mainly attributed to the strong demand for AI server PCB market-specific processing equipment and the increase in the company's high value-added innovative equipment sales ratio.