CITIC Securities released a research report saying that recently PCB/CCL companies have been intensively issuing performance forecasts. In the PCB segment, AI accounts for a high proportion of the company's performance and has maintained a high increase in performance; in the CCL sector, profitability has been released at an accelerated pace, and the performance has generally exceeded expectations. Looking ahead to 2026H2, in the PCB sector, the release of new AI production capacity and the growth momentum of downstream AI customers will be more prominent. We are optimistic that PCB companies' performance will accelerate growth; in the CCL sector, it is expected that prices will continue to rise rapidly in the short term, and the certainty that prices will remain high in the medium to long term is also increasing, and we continue to be optimistic about future investment opportunities in the sector.

CITIC Securities released a research report saying that recently PCB/CCL companies have been intensively issuing performance forecasts. In the PCB segment, AI accounts for a high proportion of the company's performance and has maintained a high increase in performance; in the CCL sector, profitability has been released at an accelerated pace, and the performance has generally exceeded expectations. Looking ahead to 2026H2, in the PCB sector, the release of new AI production capacity and the growth momentum of downstream AI customers will be more prominent. We are optimistic that PCB companies' performance will accelerate growth; in the CCL sector, it is expected that prices will continue to rise rapidly in the short term, and the certainty that prices will remain high in the medium to long term is also increasing, and we continue to be optimistic about future investment opportunities in the sector.