Changes in Hong Kong stocks | Jiantao Laminate (01888) rose more than 5%. The company announced the seventh round of price increases during the year, and FR-4 copper clad plate doubled its cumulative increase

The Zhitong Finance App learned that Jiantao Laminated Board (01888) rose by more than 5%. As of press release, it had risen 3.19% to HK$46.6, with a turnover of HK$1,339 billion.

According to the news, the leading copper-clad board company Jiantao Laminate has issued the latest price increase notice. According to the price increase letter, from now on, the company will uniformly increase the price of all FR-4 copper-clad plates with a thickness of 10%; with the price adjustment of PP semi-cured sheet specifications, the price of thick cloth PP above 7628 (inclusive) will increase the price by 10%, and the price of thin cloth PP below 7628 will increase by 20%. This is the 7th time during the year that Jiantao Laminate has issued a price increase letter. Since March, it has basically risen once a month. According to preliminary calculations, FR-4 copper-clad sheets (thickness above 1.3 mm) alone have accumulated an increase of over 100% based on compound interest calculation.

Zhang Guohua, chairman of Jiantao Laminate Board, recently stated that production will continue to expand significantly from 2027 to 2028, driven by AI demand. Among them, yarn production capacity will increase by 15%, glass cloth will increase by 5% in the short term, increase to 10% next year, and copper clad plate will increase by 10% next year. The cumulative capital expenditure up to 2028 is approximately HK$9 billion, which will be fully supported by its own profits without additional financing. We are highly optimistic about the demand for AI-driven glass cloth and copper-clad panels in the next two years, and we are confident that the profits of both Jiantao Group and Jiantao Laminate will surpass the 10 billion mark this year.