CICC: Demand for electronic fabrics is booming, domestic equipment welcomes expansion window

The Zhitong Finance App learned that CICC released a research report saying that in 2026, AI computing power will resonate to help Twitter expand the production cycle of electronic cloth. As second-tier industry leaders, looms, etc., increased markedly in 2026Q3 market attention. On the one hand, domestic loom equipment is gradually being verified in small batches; on the other hand, the profitability of overseas specialty electronic cloth taps has exceeded expectations, strengthening the industry's willingness to spend capital. The bank's proposal focuses on improving the performance of domestic electronic fabric looms and fulfilling orders from 2026H2-2027.

CICC's main views are as follows:

Structural gaps in special electronic fabrics accelerate production capacity reconstruction

1) High demand: AI computing power clusters require high signal transmission integrity and warpage control, and the penetration rate of special electronic fabrics is rising rapidly. According to Frost Sullivan, the compound growth rate of the global specialty electronic cloth market will reach 30.4% in 2025-2030E, reaching US$2.35 billion in 2030. 2) Price increase transmission: According to Zhuochuang information, in 2026, multiple rounds of price increases will restore manufacturers' profitability and strengthen their willingness to spend capital.

Textile machinery path: leaping from conventional equipment to precision manufacturing processes. Electronic cloth is made of glass fiber yarn intertwined with weft and longitude, spanning “chemical+textile+surface engineering”

From the perspective of textile equipment, special electronic cloth has brought about a significant upgrade in the equipment threshold:

Glass fiber twisting machine: The diameter of special electronic yarn is upgraded to the micron level, and equipment companies compete for high speed stability and fine yarn tension control. The bank believes that domestic twisting equipment has taken the lead in breaking through the high-end market in 2026 and has entered the order fulfillment period.

Electronic cloth loom: Thin & special cloth faces a “high weft density+low speed” bottleneck, compressing the unit production capacity of the loom. The supply elasticity of overseas looms is low, and domestic ones such as Rifa Textile, Titan, and Beiji speed up customer verification;

Overseas competition pattern reshaped, domestic equipment welcomed the golden window

2026.6 Toyota Industries (leading loom) completed privatization and delisting. Its desire to expand equipment production was restrained, causing a gap in global high-end supply. The bank believes that since the expansion of domestic electronic yarn and electronic cloth is concentrated in the mainland, domestic equipment has the natural advantage of technological iteration and is expected to be verified in batches from ordinary electronic cloth.

risk

High-end specialty fabric verification falls short of expectations, competition intensifies, industry production capacity falls short of expectations, etc.