On October 12, the stock price of Jin'an Guoji fell to a standstill again. According to Wind data, by the close, the company's stock price was 64.5 yuan/share, with a closing drop of 10%. The stock price also fell to a halt on the previous trading day. According to the news, since October, the price of electronic cloth has once again increased by 1.5 yuan/meter. E-yarn G75 has risen by 3,000 yuan/ton, and thin cloth has risen by 2.5 yuan/meter. Jin'an Guoji mainly produces and sells copper-clad sheets and related products. In response, Jin An Guoji said that the stock price was affected by multiple factors. Electronic cloth is a raw material for copper-clad panels, and the price increase of raw materials will be transmitted to downstream PCB companies. When it comes to the price of copper-clad plate products, the pricing strategies of each company are different. Generally, the market fluctuates according to market demand, raw materials, and order conditions. Looking at it now, the price increase is relatively smoothly transmitted downstream. The details are subject to the company announcement.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.