The Zhitong Finance App learned that Jiantao's increase increased in the afternoon. As of press release, Jiantao Laminate (01888) rose 12.34% to HK$34.96; Jiantao Group (00148) rose 8.42% to HK$45.58.

According to the news, Citi quoted SCI99 data as saying that in August, the average prices of the three major electronic cloth series of 1080, 2116, and 7628 all rose 17%-18% month-on-month, reaching 13.1 yuan, 12.7 yuan, and 10.1 yuan per meter respectively. The cumulative increase during the year was as high as 118%-165%. The absolute monthly increase was about 1.5-2.0 yuan per meter, which is also the highest level since the beginning of the year, reflecting the tightness of supply and demand in the industry in August was more severe than before.

Citi pointed out that costs are being transferred to the copper-clad plate (CCL) chain at an accelerated pace, and a new price increase window has already opened. Analysts pointed out that the cliff-style rise in electronic cloth in August was a strong catalyst for Jiantao's laminated board performance. The integrated industrial chain made it the core beneficiary leader of this round of glass fiber price increases, and the sharp rise in volume and price is expected to open up profit ceilings; as the controlling parent company, Jiantao Group exclusively benefited from the increase in subsidiary performance and stock prices.

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