Rising raw material prices are expected to drive the high prosperity of PCBs to continue until the fourth quarter.

Since the beginning of the year, there have been a total of 18 A-share PCB concept stocks whose stock prices have doubled. The strong market demand for related categories driven by AI has become the biggest driving force for the growth of the PCB industry, leading to rapid growth in revenue and profits for related companies. Additionally, due to the insufficient supply and rising prices of upstream copper foil, glass fiber cloth, and other materials, companies in the PCB industry have recently initiated a series of price increases. One of the leading companies in the PCB industry, Shengyi Electronics, had already raised prices for its PCB products as early as the second quarter. Looking ahead to industry development trends, several industry insiders interviewed expressed that due to the need for several months for expanding production or product validation of materials such as glass fiber cloth, the tight supply situation in the short term is unlikely to ease, providing some support for PCB product prices. Furthermore, with the rapid development of emerging industries such as AI and new energy vehicles, the demand for high-end PCBs continues to rise, and the industry's prosperity is expected to further improve, with product price increases likely to continue until the end of the fourth quarter.