Rising prosperity, copper clad laminate leading the industrial chain, PCB industry's profitability greatly increased.

The mandatory disclosure of semi-annual performance forecasts is coming to an end. The profitability of A-share PCB industry chain listed companies has significantly improved, and the overall profitability of the industry continues to rise. Looking behind the growth of the performance of listed companies in the PCB industry chain, the demand for AI computing power is the main driver, while product price increases directly contribute to improved performance. Profitability elasticity of upstream copper foil companies is significantly higher than that of midstream PCB manufacturers. Looking ahead to the second half of the year, many industry insiders believe that as the wave of AI computing infrastructure construction continues, the tight supply of upstream copper foil and electronic cloth will be difficult to alleviate in the short term, and the overall trend of rising prices in the PCB industry chain is still strong.