Overview of Relevant Stocks in the PCB Industry Chain

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1. What is PCB?

PCB stands for Printed Circuit Board, also known as a printed wiring board. It serves as the “connection hub + support frame” for electronic products—its core function is to connect various electronic components through circuits, allowing for smooth transmission of current and signals, acting as a critical “connecting bridge.”

The quality of PCBs directly affects the stability and longevity of electronic products; it can be understood as the skeleton of electronic products, which is why it is often referred to as the “mother of electronic products.”

2. Overview of Relevant Stocks

1. Upstream Raw Materials

① Electronic Copper Foil: Cuprum Copper Foil, Defu Technology

② Specialty Resins: Dongcai Technology, Shengquan Group

③ Glass Fiber Cloth: Honghe Technology, Zhongcai Technology

④ Fillers: Lianrui New Materials, Yake Technology

⑤ Copper Clad Laminate: Shengyi Technology, Nanya New Materials, Huazheng New Materials, Jin’an International

2. Midstream PCB Production

① PCB Manufacturing Equipment: Various machines from substrate to finished product processing

DAZU CNC, Xinqi Microelectronics

② PCB Consumables: Copper clad laminate, dry film, ink, chemicals, etc.

Ding Tai High-Tech, Zhongtung High-Tech

③ Packaging Substrates: Key carriers for chip-to-PCB signal transmission packaging

Shenzhen Circuit, Pengding Holdings

④ High-Multilayer Boards: ≥4 layers, complex wiring, used in high-end electronic devices

Huadian Co., Shenzhen Circuit

⑤ HDI: High-Density Interconnect Printed Circuit Boards, used in mobile phones and other portable devices

Shenghong Technology, Jingwang Electronics

⑥ FPC: Flexible Printed Circuit Boards, used in wearable devices

Pengding Holdings, Dongshan Precision

3. Downstream Application Scenarios

① Communication Equipment

Tianhong Technology, Ruijie Networks

② Automotive Electronics

BYD, Tesla

③ Consumer Electronics

Apple, Samsung, Xiaomi Group

④ Semiconductors

Changdian Technology, Huada Semiconductor

3. Additional Notes

In the cost breakdown of PCBs, copper clad laminate accounts for approximately 27.3% of the highest cost, serving as the core material for PCB production, similar to the load-bearing walls of a house. Copper foil, resin, and glass fiber cloth are key materials. Electronic resin affects the performance of copper clad laminate, and with the increasing application of AI servers, the demand for silicon micropowder will continue to rise in the future!

Disclaimer: The above information is for personal record-keeping only. The information involved may change at any time and should be referenced with caution; this content is a static overview and does not provide dynamic trading guidance! Any gains or losses from this operation are at your own risk!

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